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5 Best Forex Brokers in Brunei

Last Update: June 26th, 2024

Forex Brokers 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

 

5 Best Forex Brokers in Brunei – a Comparison

🔎 Broker🚀Open an Account🤝 Accepts Bruneian Traders💶 Min. Deposit (BND)
🥇 Fusion Markets👉 Click Here✅Yes1.36 BND
🥈 Global Prime👉 Click Here✅YesNone
🥉 Pepperstone👉 Click Here✅YesNone
🏅 IC Markets👉 Click Here✅Yes272.84 BND
🎖️ CMC Markets👉 Click Here✅YesNone

 

5 Best Forex Brokers in Brunei (2024)

 

  1. ☑️ Fusion Markets – Overall, the Best Forex Broker in Brunei
  2. ☑️ Global Prime – Best Forex Broker for Bruneian Beginners
  3. ☑️ Pepperstone – Low Commissions and tight spreads
  4. ☑️ IC Markets – Wide Range of Currencies
  5. ☑️ CMC Markets – Low B$ Withdrawal Fee

 

Fusion Markets

 

Fusion Markets

With regulations from ASIC, FSA, and the VFSC, Fusion Markets is a leading Broker choice in Brunei. Notable Broker Features include:

 

 

Fusion Markets has waived Deposit fees on Visa, MasterCard, PayPal, Skrill, and Neteller.

 

Fusion Markets

 

Islamic Account

A Fusion Markets swap-free account is made available with no set minimum deposit.

🔎 Broker🥇 Fusion Markets
📈 Minimum EURUSD Spread1.4 pips
📉 Minimum Trade Size0.01 lot
📊 CommissionNone
💹 Minimum Account BalanceNone
🖱️ PlatformsMT4/MT5
📌 Scalping allowed✅Yes
📍 EAs allowed✅Yes
↪️ Hedging allowed✅Yes
🚀Open an Account👉 Click Here

 

Islamic Account

 

Additional Account Options

Fusion Markets offers two account types: ZERO and Classic, with no minimum deposit required for either.

🔎 Account Type🥇 Zero🥈 Classic
📈 SpreadsFrom 0.0 pipsFrom 0.9 pips
💵 Commission$4.5 (Round Turn)$0
📉 Minimum Account SizeNoneNone
📊 Micro Lot Trading✅Yes✅Yes
💹 Access to ProductsAllAll
📌 Trading Styles AllowedAllAll
🚀Open an Account👉 Click Here👉 Click Here

 

Additional Account Options

 

Pros and Cons

✅ Pros❌ Cons
Low Trading FeesBasic educational tools
Easy Account RegistrationLimited product selection
Great Customer SupportNo minor account currencies accepted

 

Fusion Markets Pros and Cons

 

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 Review

 

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.

 

Global Prime

 

Islamic Account

Global Prime does not make an Islamic, Swap-Free Account available.

 

Global Prime Islamic Account

 

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 From0.9 Pips0.0 Pips
📉 Commission$0$3.5
📊 Min Trade0.01 lot0.01 lot
💹 Max Trade1000 lot1000 lot
📌 Stopout Level100%100%
📍 Scalping✅Yes✅Yes
↪️ EAs✅Yes✅Yes
⏩ Hedging✅Yes✅Yes
🚀Open an Account👉 Click Here👉 Click Here

 

Global Prime Additional Account Options

 

Pros and Cons

✅ Pros❌ Cons
Low forex feesLimited educational tools
Fast account openingSlim product portfolio
Free depositsLimited Customer Support
No inactivity feeNo MetaTrader 5 integration

 

Global Prime Pros and Cons

 

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 Review

 

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.

 

Pepperstone

 

Islamic Account

A Swap-Free Islamic Account is offered in Brunei and Brunei Darussalam. Furthermore, the Trading Account is interest-free.

 

🔎 Account🥇 Islamic
📈 Spread typeStandard account
📉 Average EURUSD spread1.0 - 1.2 pips
📊 Min/max trade size0.01 lots / 100 lots
💴 Commission$0
💰 Min. account opening balanceAUD$200 or equivalent
💷 Account base currencies availableAUD, EUR, GBP, USD
💹 Scalping allowed✅Yes
📌 EAs allowed✅Yes
📍 Hedging allowed✅Yes
🚀Open an Account👉 Click Here

 

Pepperstone Islamic Account

 

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 PlatformcTrader, TradingView, MetaTrader 4, MetaTrader 5cTrader, MetaTrader 4, MetaTrader 5
📉 Commission (Forex)3.5 USD (per lot, per side)No commission
📊 SpreadsRawVariable
💹 Max Leverage for Retail Clients1:4001:400
📌 Max Leverage for Professional Clients1:4001:400
💴 Account currenciesUSD, GBPUSD, GBP
⚙️ Instrument Offered1200+1200+
📍 Stop Out Level (Retail)50%50%
⛔ Stop Out Level (Professional)20%20%
🚀Open an Account👉 Click Here👉 Click Here

 

Pepperstone Account Types

 

Pros and Cons

✅ Pros❌ Cons
Great customer serviceLimited Trading Platforms
Low forex feesHigh Overnight Fees

 

Pepperstone Pros and Cons

 

Our Insights

The fees for trading at Pepperstone are favorable. Furthermore, the Razor account comes with commission-free trading.

 

IC Markets Review

 

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.

 

IC Markets

 

Islamic Account

An Islamic option with No Swap/Interest adjustments is offered on the Raw Spread and Standard Accounts.

 

🔎 Account🥇 Islamic
📈 Instruments90+
📉 Leverage1:1000
📊 Spreadsfrom 0.0 Pips
💹 Swap ChargesNone
📌 Interest ChargedNone
📍 PlatformsMT4, MT5, cTrader
🚀Open an Account👉 Click Here

 

IC Markets Islamic Accounts

 

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 PlatformcTrader, TradingViewMetaTraderMetaTrader
📉 Spreads from0.0 Pips0.0 Pips0.8 Pips
💶 Starting Deposit (USD)$200$200$200
📊 Leverage1:10001:10001:1000
💹 Micro Lot Trading✅Yes✅Yes✅Yes
🪙 Currency Pairs616161
📌 Index CFD Trading✅Yes✅Yes✅Yes
📍 Stop Out Level50%50%50%
🖱️ One Click Trading✅Yes✅Yes✅Yes
☪️ Islamic Accounts✅Yes✅Yes✅Yes
🚀Open an Account👉 Click Here 👉 Click Here 👉 Click Here

 

IC Markets Additional Account Options

 

Pros and Cons

✅ Pros❌ Cons
Low forex feesLimited product selection
Easy and fast account openingHigh financing rate for CFDs

 

IC Markets Pros and Cons

 

Our Insights

We find IC Markets to be an excellent broker choice with competitive pricing and an impressive range of trading platforms.

 

CMC Markets Review

 

CMC Markets

Additionally, CMC Markets, with regulation by ASIC, FCA, and the FMA, cater to all types of traders with an extensive array of offerings.

 

🔎 Broker🥇 CMC Markets
💴 Minimum Deposit0 USD
5️⃣ Ease of Use Rating5/5
🎁 BonusesYes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

CMC Markets

 

Islamic Account

No Islamic Accounts are available from CMC Markets.

 

CMC Markets Islamic Account

 

Additional Account Options

Spread Betting, Corporate, and CFD accounts are offered. Spreads start from 0.2 Pips, and there is no set minimum deposit. Furthermore, Clients can trade on MetaTrader 4 and Mobile Trading Apps.

 

IC Markets Account Types

 

Pros and Cons

✅ Pros❌ Cons
Low forex fees24/5 Customer Support
Great mobile platformsLimited Trading Platforms

 

CMC Markets Pros and Cons

 

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.

 

Our Insights CMC Markets

 

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.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit 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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FAQs

A monthly inactivity charge will be deducted per dormant account where funds are available.

Raw Spread and Standard Accounts.

Demo accounts expire automatically after 30 days.

Global Prime has zero minimum deposit requirements

Fusion Markets is regulated in both Australia (ASIC) and Vanuatu (VFSC).

Forex Trading is Legal in Brunei. However, it is not governed or regulated

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