In this guide, we talk about the best trading platforms in Brunei. We have looked at 174 brokers and analyzed their offerings based on 8 leading categories. We evaluated all particularities of their service, including trading platforms, apps, costa, deposits & withdrawals, portfolios, licenses, and customer service.
Below, we share our list of the highest-scoring platforms in Brunei.
Top 6 Trading Platforms in Brunei
- Libertex – Best trading platform
- ActiveTrades – Regulated by the UK’s FCA
- Tickmill – Great MetaTrader suite implementation on competitive pricing
- Tastyworks – Low trading fees
- CMC Markets – Award-winning trading experience
- eToro – Best for Social and Copy Trading
Best Online Trading Platforms Brunei
|PLATFORM||SCORE||GENERAL INFO||MINIMUM DEPOSIT|
|#1||Libertex||4.6||Best trading platform||$100|
|#2||ActiveTrades||4.4||Regulated by the UK’s FCA||$500|
|#3||Tickmill||4||Great MetaTrader suite implementation on competitive pricing||$100|
|#4||Tastyworks||4.6||Low trading fees||$0|
|#5||CMC Markets||5||Award-winning trading experience||$0|
|#6||eToro||4.9||Best For Copy Traders||$200|
The sections below break down the best trading platforms in Brunei.
01. Libertex: Best Trading Platform Overall
Libertex is a trustworthy online broker with a CySEC license. It is a preferred choice for traders searching for access to CFD trading on various asset classes. Libertex has an attractive market coverage with 53 forex pairs, 10 commodities, 45 cryptos, and a limited selection of US stocks and ETFs.
This broker’s platforms are user-friendly and offer many trading instruments for beginners and average traders. Libertex doesn’t charge hidden fees and has tight spreads. It provides access to reliable customer support.
02. ActivTrades: Best Proprietary Platform
ActivTrades is a well-established forex and CFD provider with an FCA license. It offers an excellent proprietary platform, the ActivTrader. This is fully customizable and offers fast access to many research tools. ActivTrades has a smooth account opening and funding process.
This broker has below the industry average trading costs. It charges an inactivity fee. ActivTrades has a standard portfolio with access to basic classes and instruments.
03. Tickmill: Best Platform With The MetaTrader Suite
Tickmill is a popular MetaTrader broker with competitive trading fees. It doesn’t offer a proprietary platform and provides access to the full MetaTrader suite. Tickmill offers third-party solutions and platforms for options trading. This broker has some research and learning tools for all traders.
Tickmill has a simple fee structure. Its VIP and Classic accounts offer low trading costs. We recommend Tickmill for high-volume traders who want access to leading CFDs and currency pairs.
04. Tastyworks: Best Platform With Low Trading Fees
Tastyworks is a leading options broker which offers access to a premium trading platform. It has an excellent selection of derivatives. Tastyworks has low trading fees and provides a $0 minimum deposit. Its fee structure is straightforward, and it doesn’t charge hidden commissions.
This broker provides access to a unique trading tool and charting app. It is a top choice for active day traders who want access to futures and options trading. Tastyworks has limited learning tools, and we don’t recommend it for new traders.
05. CMC Markets: Best Platform For An Award-Winning Trading Experience
CMC Markets offers an award-wining online trading experience. It has excellent trading platforms and services for both seasoned and inexperienced traders. Next Generation is its proprietary platform. This platform offers fast executing trades and excellent research tools. CMC Markets has a dedicated learning and research center with access to in-house and third-party content.
CMC Markets has an excellent fee structure. It offers low fees and commissions. CMC Markets has low spread fees of 0.73 pip on EUR/USD pairs. It provides rebates and bonuses for active traders.
06. eToro: Best Social Trading Platform
eToro offers the best copy trading and social trading services in the industry. It has robust trading platforms with access to cutting-edge copy trading services. It is a top choice for traders who want to copy trades, strategies, and portfolios from advanced traders.
eToro is a multi-asset CFD broker which offers 3075 instruments, including cryptocurrencies, commodities, indices, and forex pairs. It has wide spreads and a competitive fee structure. The account minimum at eToro is low. This broker charges an inactivity and conversion fee.
How To Pick The Right Platform?
When picking a platform in Brunei, the main characteristics to consider are fees, platforms, apps, funding options, portfolios, customer service, liquidity, and safety.
Fees: Select a brokerage firm with a simple fee structure and avoid accounts with high trading fees, hidden commissions, and overnight fees. Spread fees are standard with brokerage accounts in Brunei. Based on your trading volume, these should vary between 0.03% to 0.5%.
Trading Platforms: These should be user-friendly and grant access to tools and indicators for traders at all levels. We recommend you consider a platform with access to learning tools, technical tools, and built-in market data.
Mobile Trading: Mobile apps need to offer the same tools and charts as their web versions. You should choose an app with market news feeds, social feeds, and full-screen charting.
Deposit & Withdrawal: Deposit and withdrawal have to be fast and user-friendly. Select a platform with access to many payment methods and competitive fees.
Assets: We recommend you choose a platform with a versatile asset portfolio. Traders in Brunei receive access to all asset classes, including stocks, forex, futures, swaps, hedge funds, and cryptocurrencies.
Regulation: Online brokers with top-tier licenses are secure and follow strict rules. We recommend searching for a platform with tier-one licenses and FCA, CySEC, and ASIC licenses.
Research & Education: New and average traders should select a broker with valuable research and learning tools. You should look for access to tutorials, trading videos, weekly webinars, and daily news updates.
Customer support: All traders need access to reliable customer support. You should look for platforms with professional and responsive customer service available in your language.
*Islamic Accounts: All platforms from our list offer Islamic account options. This gives users the chance to trade online in compliance with Sharia law.
Trading Platform Regulation In Brunei
The Brunei Darussalam Central Bank (BDCB) and the Brunei International Financial Center of the Ministry of Finance oversee the trading platform regulation in the country. The BIFCMF is the main regulatory body that oversees the trading regulation in Brunei. It is the supervisory authority overseeing Brunei’s online trading and financial activities. It makes sure all providers request and receive a license.
You can start license verification of an online broker by accessing the main website of the BIFCMF. Search for the documents section and look out for the name of the firm. If the provider has its headquarters outside Brunei, you’ll have to check the websites of ASIC, FCA, FINRA, CySEC, or BaFIN. Verify their database of Registered Entities. If your search doesn’t come with any results, you might be facing an unregulated provider. We recommend you use secure platforms with top-tier licenses.
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 responsive customer support.
ActivTrades is the second-best trading platform for Brunei residents, because of its low fees, advanced trading tools, copy trading features, and 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.
Are There Commission-Free Platforms In Brunei?
Yes, there are platforms in Brunei that have a 0% commission like eToro.
How Much Should I Invest When Day Trading Online In Brunei?
You should always start with the minimum deposit amount Brunei and international brokers request to create new accounts.
Do Traders In Brunei Receive Access To Cryptos?
Yes, traders in Brunei receive access to cryptos. Popular platforms offer cryptocurrency trading services via CFDs.
How To Verify If A Platform Has a Valid License?
You can verify if a platform has a valid license by checking the ‘Registered and Reporting Entities’ databases on the main websites of regulatory bodies like the FCA, BaFIN, FINRA, CySEC, or ASIC.
Are There Any Safety Risks For Traders In Brunei?
Online trading comes with some risks. Online assets are volatile, which might lead to money loss. We recommend you use the services of a broker with top-tier licenses to diminish your trading risks.
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.
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.
- 1 Top 6 Trading Platforms in Brunei
- 2 Best Online Trading Platforms Brunei
- 2.1 01. Libertex: Best Trading Platform Overall
- 2.2 02. ActivTrades: Best Proprietary Platform
- 2.3 03. Tickmill: Best Platform With The MetaTrader Suite
- 2.4 04. Tastyworks: Best Platform With Low Trading Fees
- 2.5 05. CMC Markets: Best Platform For An Award-Winning Trading Experience
- 2.6 06. eToro: Best Social Trading Platform
- 2.7 How To Pick The Right Platform?
- 2.8 Trading Platform Regulation In Brunei
- 2.9 License Verification
- 3 Conclusion