Best Trading Platform in Timor – Leste

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In this guide, we go over the best trading platforms in Timor – Leste. 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 5 Trading Platforms in Timor – Leste

best-trading-platform-timor-leste
  1. TD Ameritrade – Best overall
  2. CMC Markets – Award-winning trading experience
  3. XTB – Ideal for users looking to trade forex and CFDs
  4. Forex.com – Best Forex Trading Platform
  5. IQ Option – Best Platform For Investors and Traders

Best Online Trading Platforms Timor – Leste

PLATFORMSCOREGENERAL INFOMINIMUM DEPOSIT
#1TD Ameritrade4.7Best overall$0
#2CMC Markets5Award-winning trading experience$0
#3XTB4.5Ideal for users looking to trade forex and CFDs$250
#4Forex.com4Best Forex Trading Platform$100
#5IQ Option4.7Best Platform For Investors and Traders$10


The below section breaks down the best trading platforms in Timor – Leste beginning with the highest rated…

01. TD Ameritrade: Best Overall

td-ameritrade-rating

TD Ameritrade is one of the oldest, biggest, and most reputable US-based stockbrokers that is regulated by the SEC, FINRA, and CFTC. It is founded in 1975 and offers users the opportunity to trade and or invest in stocks, ETFs, forex, mutual funds, bonds, options, futures, crypto, and other financial instruments. 

On TD Ameritrade’s thinkorswim trading platform, users can buy, sell, and trade thousands of assets at low fees. TD Ameritrade also has a powerful mobile trading app available that is even compatible with Apple Watch. 

You can open a free TD Ameritrade demo paper trading account to familiarize yourself with the platform and test trading strategies or open a real account by depositing any amount of money. Note that opening a real TD Ameritrade account can take up to 3 business days and that you will have to provide documentation such as identity documents, proof of address, and source of funding. 

Although TD Ameritrade offers phone and email support from 8:30 AM to 5:30 PM ET, Monday – Friday, opening an account with them as a UAE resident is not possible as of writing this TD Ameritrade review.


02. 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.


03. XTB: Ideal for users looking to trade forex and CFDs

xtb-rating

XTB is a trusted online broker ideal for users looking to trade forex and CFDs on a great performing proprietary platform (xStation 5). Traders like the minimalist design, extensive selections of features, powerful trading tools and great order execution. As a multi-asset broker, XTB offers a vast selection of tradable instruments spread across all markets. They provide CFDs on stocks, commodities, ETFs, cryptos, Indices and forex currency pairs. XTB pricing is industry average across all accounts.

Beginner traders will like the outstanding customer support, excellent research + education section and the easy to use proprietary platform. With an overall great offer, it should be considered by any trader looking to trade forex and CFDs.


04. Forex.com: Best Forex Trading Platform

forex-com-rating

​​Forex.com is a well balanced online broker, great for users looking to trade forex and CFDs on a platform with no real downsided. Their multi-asset, features-rich trading platform offers a wide range of proprietary platforms, advanced social trading features and great asset coverage. Forex.com offers trading on over 4500 different CFDs as stock, cryptos, currencies and access to 5500 tradable symbols overall.

Exceptional educational resources, great market research and ease of use make this broker a good choice for beginners. Fees are competitive if you are trading high volume. Standard account fees are above industry average. 


05. IQ Option: Best Platform For Investors and Traders

iq-option-rating

IQ Option is a well established online broker great for users looking to trade forex, options and CFDs on a intuitive trading platform. Their well rounded offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in Arabic language which allows you to copy portfolios from seasoned investors and traders.

IQ Option is a trustworthy and reliable market maker broker commissioned by CySEC and subject to the highest standards of regulation in the industry. Options trading is no longer available.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK


How To Pick The Right Platform?

The main criteria to consider when choosing a trading platform in Timor – Leste 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 Timor – Leste 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. Timor – Leste 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 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 Timor – Leste

Online trading in Timor – Leste is available online brokers, trading platforms, and cryptocurrency exchanges. There is no central stock exchange in Timor – Leste. If you live in Timor – Leste and want to trade international stocks, cryptocurrencies, or other assets, we recommend trading with one of the trusted brokers and trading platforms mentioned in this guide. It is legal to trade with foreign brokers, but you should report your profits made and pay a 10% capital gains tax.

Online Trading Regulation

The Office of the Superintendent of Financial Institutions (OSFI) regulates online trading and all financial activities in Timor – Leste. All Timor – Leste-based brokers that offer online trading to Timor – Leste citizens have to be authorized and obey strict rules set out by the OSFI. Companies based abroad can offer online trading services to Timor – Leste citizens without being authorized by the OSFI. Cryptocurrency trading is legal in Timor – Leste.

License Verification

You can verify the validity of a brokers license by going to the official website of the OSFI, clicking on ‘Who We Regulate’, and searching the list of Federally Regulated Financial Institutions for the name of the broker. If the broker is based outside of Timor – Leste, you can visit the official websites of CySEC, FCA, BaFIN, ASIC, or FINRA and check 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 Timor – Leste mentioned in this guide instead.

Conclusion

Based on our review, we consider TD Ameritrade as the best trading platform for Timor – Leste residents.

CMC Markets is the second best trading platform for Timor – Leste residents. XTB, Forex.com and IQ Option 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 Timor – Leste?

Yes, there are trading platforms available in Timor – Leste that offer 0% commission trading.

How Much Should I Invest When Trading Online in Timor – Leste?

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

Is Crypto Trading Available In Timor – Leste?

Yes, crypto trading is available to Timor – Leste 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 Entities’ databases on the official websites of regulatory bodies like the CySEC, FINRA, ASIC, BaFin, or FCA. For Timor – Leste-based brokers, you can check the official website of The Office of the Superintendent of Financial Institutions instead.


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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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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