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Best Trading Platform in Brunei

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In this guide, we go over the best trading platforms in Brunei. We have analysed 174 brokers and evaluated their platforms in 8 major categories. We measured all aspects of their service including trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education, customer support and islamic account options.

Trading platforms that reached the highest scoring are considered in the following list:

Top 6 Trading Platforms in Brunei

best-trading-platform-brunei
  1. Libertex – Best trading platform
  2. ActiveTrades – Regulated by the UK’s FCA
  3. Tickmill – Great MetaTrader suite implementation on competitive pricing
  4. Tastyworks – Low trading fees
  5. CMC Markets – Award winning trading experience
  6. eToro – Best for Social and Copy Trading

Best Online Trading Platforms Brunei

PLATFORMSCOREGENERAL INFOMINIMUM DEPOSIT
#1Libertex4.6Best trading platform$100
#2ActiveTrades4.4Regulated by the UK’s FCA$500
#3Tickmill4Great MetaTrader suite implementation on competitive pricing$100
#4Tastyworks4.6Low trading fees$0
#5CMC Markets5Award winning trading experience$0
#6eToro4.9Best For Copy Traders $200


Below section breaks down the best trading platforms in Brunei beginning with the highest rated…

01. Libertex: Best Platform Overall

libertex-rating

Libertex is a CySecregulated online broker, great for investors who are looking to trade CFDs on a wide variety of asset classes. Their market coverage combines 53 forex currency pairs, 45 cryptocurrencies, 10 commodities and a small range of US stocks and ETFs. The Libertex trading platforms are easy to use and cover all of the instruments beginners and average traders need for a solid trading experience.

Spreads are tight and there are no hidden fees. Minimum deposit is $100. The responsive customer supports makes Libertex a great option for beginners traders. Professionals will miss a pro account option with additional trading features.


02. ActivTrades – Regulated by the UK’s FCA

active-trades-rating

ActivTrades is a reputable forex and CFD broker regulated by the UK’s Financial Conduct Authority (FCA). Their proprietary trading platform called ActivTrader is intuitive, fully customizable and offers a clear report on trading fees. Account opening is fast and easy, deposits and withdrawals are free of charge. Trading fees are below industry average. 

ActiveTrades charges an inactivity fee. Tradable assets are limited to basic classes and instruments which will not be enough for professional traders. Research and educational materials are slim.


03.Tickmill – Great MetaTrader suite implementation on competitive pricing

tickmill-rating

Tickmill is a reputable online broker and a great choice for investors looking for a great MetaTrader suite implementation on competitive pricing. Despite not having a proprietary platform, they offer full availability of third party solutions including the MetaTrader suite, CQG platforms for options trading and TradingView charting addons. Education, research and market coverage are industry average.

Their pricing on Classic and VIP accounts is at the level of industry leading low cost brokers. Choose Tickmill if you are a high volume trader looking to place trades on the most popular currency pairs and CFDs.


04. Tastyworks – Industry low trading fees

tasteyworks-rating

Tastyworks is a reputable options broker, known for its sophisticated trading platform, great selection of derivatives and industry low trading fees. Their unique set of trading tools, excellent charting apps and the Tastytrade content network make it a great fit for experienced and active day traders focusing on futures and options. Although Tastyworks offer great educational materials and research tools, we do not recommend this broker to beginners. 

The minimum deposit at Tastyworks is $0. Customer support is responsive and well educated.


05. CMC Markets – Award winning trading experience

cmc-markets-rating

CMC Markets is a reputable online broker known for its award winning trading experience, excellent selection of tradable instruments and industry leading pricing. With over 12.500 tradable instruments across all asset classes, CMC is among industry leaders in market coverage. 

Their proprietary trading platform called Next Generation is reliable, fast executing and fully packed with useful trading tools and indicators. It features an impressive education and research section full of quality in-house and third party content. 

CMC Market offers the lowest commissions and fees in the industry. Low spread fees (0.73 pip on EUR/USD) are available for traders at all levels and accounts. Additional bonuses and rebates for active traders makes CMC Markets a market leader in costs and fees.


06. eToro – Best for Social and Copy Trading

etoro-rating

eToro is a reputable global brand and industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.

As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat in Arabic and English.

eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


How To Pick The Right Platform?

The main criteria to consider when choosing a trading platform in Brunei include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.

Fees: Choose a broker with a transparent fee structure and avoid brokerage accounts with high fees on trades, overnight fees and hidden fees. Commission and spread fees are common with Brunei brokerage accounts. Spreads should vary between 0.03% to 0.5% depending on your trading volume.

Trading platforms: They should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.

Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions. Choose mobile platforms with full-screen charting options and social feeds.

Deposit & Withdrawal: Deposit and withdrawal needs to be fast and simple. Choose an broker that offers your preferred payment method and industry leading commission and fee structures.

Assets: Look for coverage of preferred assets. Brunei traders are allowed to access all tradable asset classes including forex, stocks, indexes, options, FOPs, commodities, futures, indices, bonds, swaps, mutual funds, hedge funds, spot gold, ETFs and cryptos.

Regulation: Brokers with top-tier licenses follow strict rules enforced by a trustworthy regulators and offer high security standards. We recommend users to choose platforms with FCA, CySEC, and ASIC licenses and tier one regulations.

Research & education: Beginner and average traders and investors should choose a broker with research and education tools including: weekly webinars, daily news updates, personal account manager, personal training and room access.

Customer support: Beginner traders should look out for responsive and professional customer support available in their language.

*Islamic Accounts: All platforms from our list offer islamic account options. This gives users the chance to trade online in compliance to the Sharia law.

Online Trading In Brunei

Online trading in Brunei is available through online brokers, trading platforms, and cryptocurrency exchanges. As of the time of writing, there is no stock exchange in Brunei. If you live in Brunei and want to trade stocks, options, forex, cryptocurrencies, or other financial instruments we recommend trading with the trusted brokers mentioned in this guide. It is legal for Brunei citizens to trade online.

Online Trading Regulation

The Brunei Darussalam Central Bank (BDCB) is the main regulatory body in Brunei to oversee financial activities in the country. Online trading activities are excluded from the legal regulation authority of the BDCB. Most online brokers, are not based in Brunei and therefore are not subject to the legal authority of the BDCB. Cryptocurrency trading is not regulated either so it is legal for Brunei citizens to trade Bitcoin and other cryptocurrencies with foreign brokers.

License Verification

You can verify the validity of a broker’s or trading platform’s license by going to the official websites of CySEC, FCA, BaFIN, ASIC, or FINRA and checking their database of ‘Registered Entities’ for the name of the company you want to trade with. If nothing shows up, you might be dealing with an unregulated broker or trading platform and we recommend trading with one of the best trading platforms in Brunei mentioned in this guide instead.

Conclusion

Based on our review, we consider Libertex as the best trading platform for Brunei residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.

ActivTrades is the second best trading platform for Brunei residents, because of their low fees, advanced trading tools, copy trading features, and a responsive customer support. Tickmill, Tastyworks, CMC, and eToro are finishing up our list of top platforms with a great overall offer and above average ratings.

FAQ

Are There Commission-Free Trading Platforms In Brunei?

Yes, there are trading platforms available in Brunei that offer 0% commission trading like eToro.

How Much Should I Invest When Trading Online in Brunei?

You should always invest at least the minimum deposit amount Brunei and international brokers require you to open an account. In most cases, this is about $50.

Is Crypto Trading Available In Brunei?

Yes, crypto trading is available to Brunei citizens. The leading trading platforms offer Bitcoin trading via CFDs.

How To Check If A Trading Platform Has a Valid License?

You can check if a broker or trading platform has a valid license by checking the ‘Registered and Reporting Entities’ databases on the official websites of regulatory bodies like the CySEC, FINRA, ASIC, BaFin, or FCA.


Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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