Best Forex Brokers in Brunei in 2021

Best Forex Brokers in Brunei in 2021

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Brunei is a country located alongside the north coast of Borneo in Southeast Asia, with a population of more than 460,000. 

Brunei forex traders are provided with the chance to trade the Brunei dollar (BND) in international markets by using any of the following forex brokers who accept Bruneian traders:

  1. XM
  2. FP Markets
  3. FxPro
  4. IC Markets
  5. Exness
  6. XTB

Forex Brokers in Brunei include those that serve in several other Asian countries, and they are active forex brokers in many other global regions.

1. XM

XM is a forex broker that was founded in 2009 and is headquartered in Cyprus. XM is a regulated broker with regulation and authorization through these entities:

  • Australian Securities and Investment Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)
  • International Financial Services Commission (IFSC)

The CEO for XM is Constantinos Cleanthous, who has held the position for the past several years. The market capitalization for XM is 14.26 billion USD, according to official stock information. 

In terms of users, there are more than 3.5 million forex traders registered with XM, according to trusted sources. According to official sources, the staff size for XM is more than 450.

In terms of deposit rates and fees, XM charges a minimum deposit of 5 USD with a spread from 0.0 pips and commissions that start from $1.

In terms of trading speed, XM executes 99.35% of orders within a second. In terms of the trust, security, and security features, XM uses strict security protocols to ensure a safe trading environment.

In terms of tradable financial instruments, XM offers the following:

  • Stocks
  • Shares
  • Indices
  • Metals
  • Forex
  • Commodities
  • Cryptocurrency
  • Energies
  • CFDs

In terms of currency types, XM supports the following currencies:

  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • ZAR, and more.

In terms of trading software, XM offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5

In terms of research and education, XM offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Podcast
  2. XM Live
  3. Live Education
  4. Forex Webinars
  5. Forex Seminars Market Overview

In terms of customer support, XM can be contacted through the following channels:

  • Twitter
  • Instagram
  • LinkedIn
  • Live Chat
  • Email
  • Telephone
  • Facebook

In terms of the service area, XM serves traders from around the world except for traders from these regions:

  • Iran
  • Israel
  • Canada
  • The United States

When compared to other forex brokers, XM offers the following unique sides and features:

  • A good reputation as a large, well-regulated forex broker and forex trading platform
  • Competitive and ultra-low commission rates and fees
  • Innovative trading technology available over several devices
  • More than 1,000 financial instruments that are spread across several asset classes.

XM is an active forex broker in Brunei with more than 1,000 registered users. In terms of market share, XM has a large portion that it shares with other popular forex brokers.

In terms of privileges that XM offers to citizens from Brunei with a range of trading tools, a choice in accounts, and powerful trading software.

The reason why so many forex traders use XM in Brunei relates to its user-friendly platforms, unique solutions that serve both beginners and institutional traders, and a range of tradable instruments.

To get more information, you can read the XM Forex Suggest review.

2. FP Markets

FP Markets is a forex broker that was founded in 2005 and is headquartered in Australia. FP Markets is a regulated broker with regulation and authorization through these entities:

  • Australian Securities and Investment Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Services Authority of Saint Vincent and the Grenadines (FSA SVG)

Matthew Murphie founded FP Markets, and the CEO is Nick Twidale, who has held the position for the past eight months. According to official sources, the staff size for FP Markets is between 50 and 100 employees.

In terms of deposit rates and fees, FP Markets charges a minimum deposit of 100 AUD with a spread from 0.0 pips EUR/USD and commission from $3 per $100,000 traded.

In terms of trading speed, FP Markets executes all orders within a few seconds because of the Equinix New York facility’s server cluster. In terms of the trust, security, and security features, FP Markets is a reliable forex broker with a secure trading environment and trading platform.

In terms of tradable financial instruments, FP Markets offers the following:

  • Equities
  • CFDs
  • Forex
  • Commodities
  • Indices
  • Cryptocurrency
  • Metals
  • Energies

In terms of currency types, FP Markets supports the following currencies:

  • USD
  • EUR
  • GBP
  • AUD, and more.

In terms of trading software, FP Markets offers forex traders the following applications:

  1. IRESS Trading Platform
  2. MetaTrader 4
  3. MetaTrader 5

In terms of research and education, FP Markets offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Traders Hub
  2. Copytrading
  3. AutoChartist
  4. Trader Toolbox
  5. Forex VPS
  6. MAM/PAMM

In terms of customer support, FP Markets can be contacted through the following channels:

  • Facebook
  • Email
  • Live Chat
  • Twitter
  • Instagram
  • LinkedIn
  • Telephone

In terms of the service area, FP Markets serves traders from around the world except for traders from these regions:

  • Japan
  • New Zealand
  • United States

When compared to other forex brokers, FP Markets offers the following unique sides and features:

  • A reliable trading environment where data protection is ensured and client fund security is guaranteed
  • Competitive commissions depending on the volume traded
  • Powerful and user-friendly trading software
  • More than 10,000 tradable instruments

FP Markets is an active forex broker in Brunei with more than 100 registered users. In terms of market share, FP Markets owns a decent portion because of the competition in the field.

In terms of privileges that FP Markets offers, none are directly given only to Brunei citizens but are available to all new traders as well as existing clients who trade large volumes.

The reason why so many forex traders use FP Markets in Brunei relates to its unique services, competitive trading conditions, and tailor-made solutions that are given to both beginners and professionals.

To get more information, you can read the FP Markets Forex Suggest review.

3. FxPro

FxPro is a forex broker that was founded in 2006 and is headquartered in the United Kingdom. FxPro is a regulated broker with regulation and authorization through these entities:

  • Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Sector Conduct Authority (FSCA)
  • Securities Commission of the Bahamas (SCB)

An unknown group founded FxPro, and the CEO is Charalambos Psimolophitis, who has held the position for the past several years. The average daily trading volume that FxPro experiences exceed 6.5 billion USD, according to official sources.

In terms of users, there are more than 1.8 million forex traders registered with FxPro, according to trusted sources. According to official sources, the staff size for FxPro is between 100 and 250.

In terms of deposit rates and fees, FxPro charges a minimum deposit of 100 USD with a spread from 0.37 pips and commissions of $45 per 1 million USD traded.

In terms of trading speed, FxPro executes all orders in less than 14 milliseconds. In terms of the trust, security, and security features, FxPro is well-regulated and uses stringent security protocols to ensure client fund safety.

In terms of tradable financial instruments, FxPro offers the following:

  • Forex
  • Metals
  • Shares
  • Indices
  • Energies
  • Futures

In terms of currency types, FxPro supports the following currencies:

  • USD
  • EUR
  • GBP
  • CHF, and several others.

In terms of trading software, FxPro offers forex traders the following applications:

  1. FxPro Trading Platform
  2. MetaTrader 4
  3. MetaTrader 5
  4. cTrader

In terms of research and education, FxPro offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Webinars and Events
  2. Economic Calendar
  3. Calculators
  4. Video Tutorials, and more.

In terms of customer support, FxPro can be contacted through the following channels:

  • Email
  • Telephone
  • Live Chat, and several social media and messaging platforms.

In terms of the service area, FxPro serves traders from around the world except for traders from these regions:

  • The United States
  • Iraq
  • Canada and some other regions are part of the OFAC list.

When compared to other forex brokers, FxPro offers the following unique sides and features:

  • Client fund security, data and information protection, and several other procedures, policies, and protocols.
  • Low commission rates and fees
  • Powerful trading platforms that are available across several devices
  • Over 260 tradable instruments

FxPro is an active forex broker in Brunei with more than a few hundred registered users. In terms of market share, FxPro has a decent size market share in Brunei because of its solutions.

In terms of privileges, FxPro does not only cater for Brunei citizens but traders from around the world seeking the best trading conditions.

The reason why so many forex traders use FxPro in Brunei relates to its cost-effective trading and non-trading fees, transparency, trust and commitment, and dedicated customer service.

To get more information, you can read the FxPro Forex Suggest review.

4. IC Markets

IC Markets is a forex broker that was founded in 2007 and is headquartered in Australia. IC Markets is a regulated broker with regulation and authorization through these entities:

  • Australian Securities and Investment Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Securities Commission of the Bahamas (SCB)

Andrew Budzinski founded IC Markets, and he has also been the CEO since the forex broker was established. IC Markets has an average trading volume that exceeds 18.9 billion USD, and according to official sources, the staff size for IC Markets is 260.

In terms of deposit rates and fees, IC Markets charges a minimum deposit of 200 USD with a spread from 0.0 pips and commissions of $3, according to the volume traded and the financial instrument.

In terms of trading speed, IC Markets executes all orders within a few seconds and guarantees low-latency liquidity. In terms of the trust, security, and security features, IC Markets is a trusted and well-regulated broker that uses the latest technological software.

In terms of tradable financial instruments, IC Markets offers the following:

  • Forex
  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • Indices
  • Metals
  • Energies
  • Bonds
  • CFDs

In terms of currency types, IC Markets supports the following currencies:

  • USD
  • JPY
  • EUR
  • GBP
  • CAD

In terms of trading software, IC Markets offers Forex traders the following applications:

  1. cTrader
  2. MetaTrader 4
  3. MetaTrader 5

In terms of research and education, IC Markets offers Forex traders these useful trading tools:

  1. Forex Glossary
  2. Trading Knowledge
  3. Video Tutorials
  4. WebTV
  5. Webinar
  6. IC Markets Market Analysis, and a wide range of other tools.

In terms of customer support, IC Markets can be contacted through the following channels:

  • Email
  • Live Chat
  • Telephone
  • Social Media and Online Messaging apps

In terms of the service area, IC Markets serves traders from around the world except for traders from these regions:

  • The United States
  • Iran
  • Yemen
  • Canada

When compared to other forex brokers, IC Markets offers the following unique sides and features:

  • IC Markets has been in operation for a few years, and it has a good reputation as a forex broker, financial services provider, and trading platform.
  • Low and competitive commissions that start from as low as 3 USD
  • A choice between MetaTrader 4, cTrader, and MetaTrader 5
  • Over 285 financial instruments, which are spread across several financial markets.

IC Markets is an active forex broker in Brunei with more than a few hundred registered users. In terms of market share, IC Markets has a large portion despite the competition that it faces.

In terms of privileges that IC Markets offers to citizens from Brunei includes advanced trading tools, a choice in accounts, and dedicated support.

The reason why so many forex traders use IC Markets in Brunei relates to its safety and security, client fund protection, dynamic forex trading accounts, and acceptance of many trading strategies.

To get more information, you can read the IC Markets Forex Suggest review.

5. Exness

Exness is a forex broker that was founded in 2008 and is headquartered in the United Kingdom. Exness is a regulated broker with regulation and authorization through these entities:

  • Financial Sector Conduct Authority (FSCA)
  • Central Bank of Curacao and Sint Maarten (CBCS)
  • Financial Services Commission of the British Virgin Islands (FSC BVI)
  • Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Seychelles Financial Services Authority (FSA)

Petr Valov founded Exness, and the CEO is David Morris, who has held the position since 2016. Exness has a monthly trading volume of more than 300 billion USD.

In terms of users, there are more than 70,000 forex traders registered with Exness, according to trusted sources. According to official sources, the staff size for Exness is between 100 and 500.

In terms of deposit rates and fees, Exness charges a minimum deposit of 10 USD with a spread from 0.0 pips and commissions from $3.5 per lot per side.

In terms of trading speed, Exness executes all orders within a few milliseconds. In terms of the trust, security, and security features, Exness has strict protocols in place to ensure client fund safety, security on the website and trading platforms, and several other innovative features.

In terms of tradable financial instruments, Exness offers the following:

  • Forex
  • Metals
  • Energies
  • Indices
  • Cryptocurrencies
  • CFDs

In terms of currency types, Exness supports the following currencies:

  • USD
  • AUD
  • GBP
  • ZAR
  • CHF, and more.

In terms of trading software, Exness offers forex traders the following applications:

  1. MetaTrader 4
  2. MetaTrader 5

In terms of research and education, Exness offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Forex Calculator
  2. Convertor
  3. VPS Hosting
  4. WebTV
  5. Tick History 
  6. Economic Calendar

In terms of customer support, Exness can be contacted through the following channels:

  • Live Chat
  • Telephone
  • Email
  • Social Media
  • Messaging Apps

In terms of the service area, Exness serves traders from around the world except for traders from these regions:

  • Japan
  • Canada
  • The US and other areas where forex trading is prohibited.

When compared to other forex brokers, Exness offers the following unique sides and features:

  • A safe and secure trading environment where client fund protection is vital
  • Standard and low-cost commission charges that start from 3.5 USD
  • Access to either MetaTrader 4 or MetaTrader 5, two of the most powerful trading platforms in the industry
  • More than 1,000 tradable financial instruments spread across several asset classes

Exness is an active forex broker in Brunei with more than 100 registered users. In terms of market share, Exness is known to possess a decent share alongside other competitors and peers who operate in the country of Brunei.

In terms of privileges, Exness does not offer any specific privileges to citizens of Brunei but offers forex traders overall with some of the best possible trading conditions.

The reason why so many forex traders use Exness in Brunei relates to its unique approach to global financial markets, a range of trading instruments, powerful tools, and dedicated customer support.

To get more information, you can read the Exness Forex Suggest review.

6. XTB

XTB is a forex broker that was founded in 2002 in Belize. XTB is a regulated broker with regulation and authorisation through these entities:

  • Comisión Nacional del Mercado de Valores (CNMV)
  • The Capital Markets Banc (CMB)
  • The Prudential Control and Resolution Authority (ACPR)
  • Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
  • Komisja Nadzoru Finansowego (KNF)
  • Financial Conduct Authority (FCA)
  • International Financial Services Commission (IFSC)

XTB was established by Jakub Zablocki, and the CEO is Carl Kirchner, who has held the position for the past seven consecutive years. The market capitalization for XTB is 2 049.52 million USD, according to official and trusted stock information.

In terms of users, there are over 275 000 forex traders who are registered with XTB, according to trusted sources. According to official sources, the staff size for XTB consists of 500 employees.

In terms of deposit rates and fees, XTB has a minimum deposit of 250 USD and spreads that start from as low as 0.5 pips EUR/USD and commissions from 0.08% on Stock CFDs as well as ETF CFDs.

In terms of trading speed, XTB executes all orders within a few seconds because of robust execution technology. In terms of the trust, security, and security features, XTB is a trusted broker that uses stringent security protocols and the best software on the market.

In terms of tradable financial instruments, XTB offers the following:

  • ETF CFDs
  • Cryptocurrencies
  • Forex
  • Indices
  • Commodities
  • Stock CFDs

In terms of currency types, XTB supports the following currencies:

  • USD
  • EUR
  • GBP
  • HUF

In terms of trading software, XTB offers forex traders the following applications:

  1. XTB Online Trading xStation 5 trading platform
  2. MetaTrader 4

In terms of research and education, XTB offers a free newsletter and blog. Forex traders can also expect these useful trading tools:

  1. Trading Academy
  2. Trading Articles
  3. Live Webinars
  4. Market Sentiment
  5. Market Calendar

In terms of customer support, XTB can be contacted through the following channels:

  • Live Chat
  • Telephone
  • Email
  • Facebook
  • Twitter

In terms of the service area, XTB serves traders from around the world except for traders from these regions:

  • The United States
  • Australia
  • South Korea
  • Singapore
  • Cuba and many other regions where forex trading may be restricted or banned.

When compared to other forex brokers, XTB offers the following unique sides and features:

  • Trusted solutions as a forex broker, forex trading platform, and stock exchange-listed broker
  • Competitive commission charges
  • A choice between powerful trading platforms
  • Over 1,500 financial instruments

XTB is an active forex broker in Brunei with more than 1,000 registered users. In terms of market share, XTB occupies an impressive portion of the Brunei region because it accepts traders from underdeveloped, smaller regions.

In terms of privileges that XTB offers to citizens from Brunei with tailor-made solutions that cater to novice, advanced, experienced, and professional traders despite their unique trading style and/or trading experience.

The reason why so many forex traders use XTB in Brunei relates to its range of unique solutions, range of markets, and powerful proprietary trading software.

To get more information, you can read the XTB Forex Suggest review.

Forex Trading in Brunei

Forex trading is still a new concept to Brunei, but as more brokers enter the country and offer their services to residents, more citizens are emerging in the forex market. More forex traders in Brunei can learn how to trade forex in a growing economy where there are trade-friendly regulations.

There are no restrictions on the forex market in Brunei, and the regulatory entity that is charged with providing a legal framework is the Monetary Authority of Brunei Darussalam. With more than 80% of the population being of the Sunni Islam faith, many forex traders follow the Sharia law.

This means that there is a special need for Islamic and Swap-free trading accounts, ensuring that Muslim traders are not subjected to interest. Fortunately, the brokers that cater for Brunei traders offer Muslim traders this option once they have registered a live trading account, offering Brunei traders unbeatable trading conditions.

    

What should be known for Forex Trading in Brunei

  • Regulations
  • Currency pairs
  • Trading platforms
  • Trading security
  • Costs

In terms of regulations, all the forex brokers on the list that cater for Brunei traders have multi-regulations in each region that they provide their services. In collaboration with the Monetary Authority of Brunei Darussalam, these forex brokers are considered safe to use.

The currency pairs that Brunei traders can expect are spread across a wide range, and Brunei traders also have the chance to trade the Brunei dollar (BND) against many other majors, minor, and exotic currencies.

In terms of trading platforms, Brunei traders can expect innovative, user-friendly trading platforms such as MetaTrader 4, MetaTrader 5, and some proprietary trading platforms such as that offered by XTB, among other brokers.

In terms of trading security, the brokers that cater for Brunei traders are not only well-regulated, but they are also well-known for providing a safe, transparent, dynamic trading environment where traders’ funds are safe, and their information is protected by stringent protocols and technology.

In terms of costs, Brunei traders can start with small investment amounts with most of these brokers when they register a trading account. The trading costs and fees that these brokers charge are transparent and competitive as well.

Who are the Forex Regulators in Brunei?

The forex regulator in Brunei is the Monetary Authority of Brunei Darussalam who provides a comprehensive regulatory framework in which forex and other financial instruments are traded.

Is Forex Trading legal in Brunei?

Yes, forex trading is legal in Brunei.

How many Forex Traders are there in Brunei?

The exact count of forex traders in Brunei is not given by official sources, but there are more than 4.6 million forex traders in Asia overall.

What do Brunei’s citizens think about Forex Trading?

Brunei’s citizens are not familiar with forex trading on a large scale, but there are a few hundred traders that participate in the forex market, with more starting to emerge as forex trading becomes popular in this region.

Best Forex Brokers for Beginners in Brunei

The best forex brokers for beginners in Brunei are:

  1. Exness
  2. XM
  3. FP Markets
  4. eToro
  5. FOREX.com

These forex brokers are the perfect match for beginner traders in Brunei who want to start trading. These brokers offer a wide range of educational material, resources, and guides to help traders get started.

Best Forex Brokers for Experts in Brunei

The best forex brokers for Experts in Brunei are:

  1. IC Markets
  2. Exness
  3. XTB
  4. FP Markets
  5. FxPro

These are the best brokers for experts because of the range of trading tools they offer to traders. Traders are also given the best prices and fees, with tight spreads, low commissions, and a suite of trading conditions that give traders a competitive edge to their trading.

Best Forex Brokers for Other Countries

The best forex brokers for Indonesia are:

  1. Swissquote
  2. FOREX.com
  3. VantageFX
  4. FBS
  5. Saxo Bank

The best forex brokers for the Philippines are:

  1. Olymp Trade
  2. Alpari
  3. Trading 212
  4. AvaTrade
  5. RoboForex

The best forex brokers for Singapore are:

  1. Dukascopy
  2. FXCM
  3. CMC Markets
  4. Saxo Bank
  5. Libertex