Page Summary
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.
1. 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.
Pros
- Commission-free stock, forex, metals, and crypto trading
- Excellent multi-lingual customer support
- Compatible with MetaTrader 4 and 5
Cons
- No technical analysis tools offered
- Charges inactivity fees
- No Islamic swap-free accounts available
Key features
- Access to thousands of stocks and CFDs on stocks, forex, crypto, indices, metals, ETFs, and commodities
- Receive dividends into your account monthly
- Extensive education section with trading courses, webinars, and more
- Daily market update and analysis videos
- Unlimited free paper trading demo account
- State-of-the-art mobile trading app available on Android and iOS devices
2. ActivTrades – Best Proprietary Platform
Min Deposit: $500
Fees: 3.5
Assets available: 2.8
Total Fees:
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.
Pros
- Negative balance protection and increased insurance
- Excellent multi-lingual support in 14 languages
- Low fees from 0.5 pips on EUR/USD
Cons
- Charges inactivity fee
- Only offers CFD, forex, and crypto trading
Key features
- Compatible with MetaTrader 4 and 5
- Great research tools like SmartOrder 2 and Pivot Points Indicator
- Daily Market Analysis videos
- Free unlimited demo paper trading account
- One to One training available
3. Tickmill – Best Platform With The MetaTrader Suite
Min Deposit: 0
Fees: 4.5
Assets available: 3.0
Total Fees:
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.
Pros
- Compatible with MetaTrader 4 and 5
- Free $30 no deposit bonus for beginner traders
- Futures and options trading via CQG trading platform
Cons
- Only offers CFD and forex trading
- No Islamic swap-free accounts available
Key features
- Trade over a thousand CFDs on stocks, crypto, commodities, over 40 forex pairs, and options and futures
- Advanced TradingView charting addons available
- Receive real-time market sentiment data directly from the Dow Jones news feed
- Free access to Tickmill VPS and Autochartist
- Low, competitive floating spreads
- Up to 1:30 leverage for retail clients and up to 1:500 for leverage for professional clients
4. 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.
Pros
- Low, variable, and capped trading fees
- Broad range of tools for advanced options and futures traders
- Great research and educational materials available for both beginner and advanced traders
Cons
- No fractional shares available
- Relatively few instruments offered compared to other brokers
- High margin rates required
Key features
- Access to thousands of stocks, ETFs, futures, options on futures, commodities, and cryptocurrencies
- Advanced trading tools and dynamic charting features available like custom indicators, watch lists, and curve analysis
- Multiple advanced order types available like good until canceled and good until date
- Well-suited for both beginner and advanced traders
- Free monthly portfolio analysis
- Use Expert Advisors and other automated trading software with Tastywork’s API
5. CMC Markets – Best Platform For An Award-Winning Trading Experience
Min Deposit: 0
Fees: 3.7
Assets available: 3.2
Total Fees:
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.
Pros
- Wide range of available assets
- Free demo paper trading account
- Excellent customer support
Cons
- Offers only CFD trading and spread betting
- Few education and research tools available
- High fees compared to other brokers
Key features
- Access to 9000+ shares and ETF CFDs
- 300+ tradable forex pairs
- Cryptocurrency CFD trading available
- Compatible with metaTrader 4
- Well-suited for beginner and advanced traders
- Gives spread rebates
6. eToro – Best Social Trading Platform
Min Deposit: $200
Fees: 4.8
Assets available: 4.8
Total Fees:
79% 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. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD
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.
Pros
- Access to over 4000+ tradable symbols
- Great overall market coverage
- Easy to use mobile trading app and platforms
- Industry leading social/copy trading app
- Great cryptocurrency trading features
- Responsive customer support
Cons
- Algorithmic trading not available
- Forex and CFD fees above industry average
- Education and research tools missing
Key features
- Sophisticated social-copy trading features
- Multiple different payment options
- Crypto exchange and brokerage services on the same dashboard
- Super fast registration and KYC on-boarding process
- Zero commission stock trading
- Great ease of use level
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.
License Verification
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.
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 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.
FAQ
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.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.