5 Best Forex Brokers in Brunei
5 Best Forex Brokers in Brunei – Rated and Reviewed. We have rated and Reviewed the top Forex Brokers accepting Bruneian Traders.
In this in-depth article you will learn:
- The Best Forex Brokers Accepting Bruneian Traders – a List
- Can I trade Forex in Brunei Legally?
- Is Forex Legal in Brunei?
- Why Trade Forex? – Answered
- Is Forex Trading Profitable?
and much, MUCH more!
5 Best Forex Brokers in Brunei – a Comparison
| 🔎 Broker | 🤝 Accepts Bruneian Traders | 💶 Min. Deposit (BND) | 🚀Open an Account |
| 🥇 Fusion Markets | ✅Yes | 1.36 BND | 👉 Click Here |
| 🥈 Global Prime | ✅Yes | None | 👉 Click Here |
| 🥉 Pepperstone | ✅Yes | None | 👉 Click Here |
| 🏅 IC Markets | ✅Yes | 272.84 BND | 👉 Click Here |
| 🎖️ CMC Markets | ✅Yes | None | 👉 Click Here |
5 Best Forex Brokers in Brunei (2024)
- ☑️ Fusion Markets – Overall, the Best Forex Broker in Brunei
- ☑️ Global Prime – Best Forex Broker for Bruneian Beginners
- ☑️ Pepperstone – Low Commissions and tight spreads
- ☑️ IC Markets – Wide Range of Currencies
- ☑️ CMC Markets – Low B$ Withdrawal Fee
Fusion Markets
With regulations from ASIC, FSA, and the VFSC, Fusion Markets is a leading Broker choice in Brunei. Notable Broker Features include:
- Multiple Account Types; Zero, Classic, Demo, and, Islamic, Swap-Free.
- Wide Range of Trading Platforms; MT4, MT5, DupliTrade and, cTrader
- Proprietary Fusion+ Copy Trading Platform
Fusion Markets has waived Deposit fees on Visa, MasterCard, PayPal, Skrill, and Neteller.
Islamic Account
A Fusion Markets swap-free account is made available with no set minimum deposit.
| 🔎 Broker | 🥇 Fusion Markets |
| 📈 Minimum EURUSD Spread | 1.4 pips |
| 📉 Minimum Trade Size | 0.01 lot |
| 📊 Commission | None |
| 💹 Minimum Account Balance | None |
| 🖱️ Platforms | MT4/MT5 |
| 📌 Scalping allowed | ✅Yes |
| 📍 EAs allowed | ✅Yes |
| ↪️ Hedging allowed | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Additional Account Options
Fusion Markets offers two account types: ZERO and Classic, with no minimum deposit required for either.
| 🔎 Account Type | 🥇 Zero | 🥈 Classic |
| 📈 Spreads | From 0.0 pips | From 0.9 pips |
| 💵 Commission | $4.5 (Round Turn) | $0 |
| 📉 Minimum Account Size | None | None |
| 📊 Micro Lot Trading | ✅Yes | ✅Yes |
| 💹 Access to Products | All | All |
| 📌 Trading Styles Allowed | All | All |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Trading Fees | Basic educational tools |
| Easy Account Registration | Limited product selection |
| Great Customer Support | No minor account currencies accepted |
Our Insights
Fusion Markets offers low fees for forex and CFDs. Furthermore, it caters to all traders with an easy registration process and MetaTrader/TradingView integration.
Global Prime
Summarised as a trustworthy Forex Broker with top-tier regulations, Global Prime offers access to Low spreads and Trading fees. Notable Broker features include:
- Free Deposits with 20+ Funding Methods
- 24/7 Support
- No minimum Deposit
Furthermore, clients can trade on Forex, Indices, Commodities, Cryptocurrency, and more.
Islamic Account
Global Prime does not make an Islamic, Swap-Free Account available.
Additional Account Options
Two Accounts are available, Standard and Raw. No Minimum deposit is set. Additionally, a Free, Demo Account and a Professional Account are offered.
| 🔎 Account Type | 🥇 Standard | 🥈 Raw |
| 📈 Spread From | 0.9 Pips | 0.0 Pips |
| 📉 Commission | $0 | $3.5 |
| 📊 Min Trade | 0.01 lot | 0.01 lot |
| 💹 Max Trade | 1000 lot | 1000 lot |
| 📌 Stopout Level | 100% | 100% |
| 📍 Scalping | ✅Yes | ✅Yes |
| ↪️ EAs | ✅Yes | ✅Yes |
| ⏩ Hedging | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low forex fees | Limited educational tools |
| Fast account opening | Slim product portfolio |
| Free deposits | Limited Customer Support |
| No inactivity fee | No MetaTrader 5 integration |
Our Insights
Global Prime provides excellent market access and offers low fees. Furthermore, it caters to both beginner and seasoned traders. However, its selection of trading platforms is less than ideal.
Pepperstone
As an ASIC, FCA, and CMA-regulated Forex Broker, Pepperstone is set apart by its high level of safety and security. Client funds are kept in segregated accounts. Notable Broker features include:
- MetaTrader 4/MetaTrader 5
- TradingView Integration
- 1200+ CFDs to Trade
Additionally, Mobile Trading is available.
Islamic Account
A Swap-Free Islamic Account is offered in Brunei and Brunei Darussalam. Furthermore, the Trading Account is interest-free.
| 🔎 Account | 🥇 Islamic |
| 📈 Spread type | Standard account |
| 📉 Average EURUSD spread | 1.0 - 1.2 pips |
| 📊 Min/max trade size | 0.01 lots / 100 lots |
| 💴 Commission | $0 |
| 💰 Min. account opening balance | AUD$200 or equivalent |
| 💷 Account base currencies available | AUD, EUR, GBP, USD |
| 💹 Scalping allowed | ✅Yes |
| 📌 EAs allowed | ✅Yes |
| 📍 Hedging allowed | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Additional Account Options
Users are offered Razor and Standard accounts. Furthermore, registration for an account is user-friendly with no required minimum deposit.
| 🔎 Account | 🥇 Razor | 🥈 Standard |
| 📈 Trading Platform | cTrader, TradingView, MetaTrader 4, MetaTrader 5 | cTrader, MetaTrader 4, MetaTrader 5 |
| 📉 Commission (Forex) | 3.5 USD (per lot, per side) | No commission |
| 📊 Spreads | Raw | Variable |
| 💹 Max Leverage for Retail Clients | 1:400 | 1:400 |
| 📌 Max Leverage for Professional Clients | 1:400 | 1:400 |
| 💴 Account currencies | USD, GBP | USD, GBP |
| ⚙️ Instrument Offered | 1200+ | 1200+ |
| 📍 Stop Out Level (Retail) | 50% | 50% |
| ⛔ Stop Out Level (Professional) | 20% | 20% |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great customer service | Limited Trading Platforms |
| Low forex fees | High Overnight Fees |
Our Insights
The fees for trading at Pepperstone are favorable. Furthermore, the Razor account comes with commission-free trading.
IC Markets
Trading solutions are offered to Beginners, active/day traders, and scalpers. Furthermore, the Financial Services Authority of Seychelles (FSA) licenses and regulates IC Markets, classifying them as safe.
Islamic Account
An Islamic option with No Swap/Interest adjustments is offered on the Raw Spread and Standard Accounts.
| 🔎 Account | 🥇 Islamic |
| 📈 Instruments | 90+ |
| 📉 Leverage | 1:1000 |
| 📊 Spreads | from 0.0 Pips |
| 💹 Swap Charges | None |
| 📌 Interest Charged | None |
| 📍 Platforms | MT4, MT5, cTrader |
| 🚀Open an Account | 👉 Click Here |
Additional Account Options
IC Markets provides a cTrader, Raw Spread, and Standard Accounts with a minimum deposit of 200 USD/BND 272.84 required for each.
| 🔎Account Type | 🥇 cTrader | 🥈 Raw Spread | 🥉 Standard |
| 📈 Trading Platform | cTrader, TradingView | MetaTrader | MetaTrader |
| 📉 Spreads from | 0.0 Pips | 0.0 Pips | 0.8 Pips |
| 💶 Starting Deposit (USD) | $200 | $200 | $200 |
| 📊 Leverage | 1:1000 | 1:1000 | 1:1000 |
| 💹 Micro Lot Trading | ✅Yes | ✅Yes | ✅Yes |
| 🪙 Currency Pairs | 61 | 61 | 61 |
| 📌 Index CFD Trading | ✅Yes | ✅Yes | ✅Yes |
| 📍 Stop Out Level | 50% | 50% | 50% |
| 🖱️ One Click Trading | ✅Yes | ✅Yes | ✅Yes |
| ☪️ Islamic Accounts | ✅Yes | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low forex fees | Limited product selection |
| Easy and fast account opening | High financing rate for CFDs |
Our Insights
We find IC Markets to be an excellent broker choice with competitive pricing and an impressive range of trading platforms.
CMC Markets
CMC Markets, with regulation by ASIC, FCA, and the FMA, cater to all types of traders with an extensive array of offerings.
Islamic Account
No Islamic Accounts are available from CMC Markets.
Additional Account Options
Spread Betting, Corporate, and CFD accounts are offered. Spreads start from 0.2 Pips, with no set minimum deposit. Furthermore, Clients can trade on MetaTrader 4 and Mobile Trading Apps.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low forex fees | 24/5 Customer Support |
| Great mobile platforms | Limited Trading Platforms |
Our Insights
CMC Markets makes Forex and CFDs trading straightforward and user-friendly for traders. Furthermore, it is recommended for beginners due to its low trading fees and trusted customer support.
In Conclusion
In Brunei, Forex Trading is legal, but it is not governed or well-regulated. Furthermore, traders should choose a Forex Broker that is subject to strict regulatory authority, such as ASIC, FCA, or CySEC. Finally, additional security measures, including segregated accounts, must be considered.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | SVGFSA | USD 5 | Visit Broker >> |
Our Insights
In the process of reviewing the Best Forex Brokers that accept Bruneian Traders, we found 5 excellent options. Furthermore, each broker has its list of Benefits, ranging from Low Fees to Proprietary Trading Platforms. Finally, finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Frequently Asked Questions
Is Forex Trading legal in Brunei?
Forex Trading is Legal in Brunei. However, it is not governed or regulated.
Is Fusion Markets licensed or regulated?
Fusion Markets is regulated in both Australia (ASIC) and Vanuatu (VFSC).
What is the minimum deposit for Global Prime?
Global Prime has zero minimum deposit requirements.
How long does a Pepperstone Demo Account last?
Demo accounts expire automatically after 30 days.
What accounts do IC Markets offer?
Raw Spread and Standard Accounts.
Does CMC Markets charge an Inactivity Fee?
A monthly inactivity charge will be deducted per dormant account where funds are available.
Top 4 Brokers