If you search about the best forex trading companies in Bangladesh, I suppose there are a lot of results. And several results can make you confused. In this article, I will tell you some of the best forex brokers in Bangladesh. Bangladesh is a rising country in terms of economy. They are the second best economic region in the South Asian area, after India. That’s the reason why forex trading has exploded in Bangladesh in the last few years.
In making the list of some of the best forex brokers in Bangladesh, we have taken the following factors into consideration:
- regulated brokers accepting Bengali traders
- local deposit and withdrawal methods
- costs and commissions
- the general quality of services offered
Regulated Broker Rating Demo Leverage Bonus Platforms Regulation Min Deposit Payments OctaFX 9 yes 1:500 up to 50% MetaTrader 4, Metatrader 5, cTrader FCA UK 50 Neteller, Skrill, Fasapay, Visa, Mastercard, Malaysian, Vietnamese, Indian, Indonesian, Bangladeshi local banks, Bitcoin, Unionpay LiteFinance
8 yes 1:500 30% + 15% Metatrader 4, Metatrader 5, WebTerminal CySEC, Marshal Islands Business Corporation Act. 10 Skrill, Webmoney, Bitcoin, Advcash, Credit Card XM 8 yes 1:888 $30 no deposit MetaTrader 4, Metatrader 5, XM Webtrader CySEC, ASIC Australia, IFSC Belize 5 Credit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire
7 yes 1:400 100% AvaTrader, MetaTrader 4, MetaTrader Floating Spread, Mac Trading, Web Trading, Mobile Trading, Automatic Trading, AvaOptions Central Bank of Ireland, ASIC, Financial Services Commission of British Virgin Island 100 Credit Cards, Debit Cards, Skrill, Wire Transfer, PayPal, Neteller, WebMoney InstaForex
7 yes 1:1,000 $100 No Deposit Bonus MetaTrader 4, Metatrader 5, Webtrader RAFMM 1 Some local Bank transfers, PayCo, AstroPay, Cryptocurrency FxPro 5 yes 1:500 up to $1,000 FxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium FCA, CySEC 100 Credit/Debit Card, Bank Wire, PayPal, Neteller, Skrill FXCM 5 yes 1:200 - Trading Station II, MetaTrader 4, Active Trader, Forex System Selector UK Financial Conduct Authority, AFSL 250 Credit/Debit card, Online Check, Bank Wire, Paper Check Plus500 5 yes 1:200 30% Plus500 Israel Securities Authority 500 Skrill, Credit Cards, Wire Transfer Dukascopy 4 yes 1:500 - Dukascopy KPMG ARIF 250 Wire, Bank Guarantee, Standby letter of Credit Segregated Accounts Forex.com 4 yes 1:200 - ForexTrader platform (in-house), MetaTrader 4 CFTC, NFA, FCA (UK), ASIC (Australia), ILLROC (Canada), SFC (Hong Kong), FFAJ (Japan) 50 wire transfer, Credit/Debit Card, Check HYCM 4 yes 1:400 25% up to $5,000 Metatrader 4 FCA UK, CySEC, SFC 100 credit cards, wire transfer, Skrill, webmoney IronFX 4 yes 1:500 40% Metatrader 4 ASIC, CySEC, DFSA, FCA UK, FSB, UCRFIN, CRFIN, Member of Eurex Exchange, Consob, BaFIN 100 credit cards, Fasapay, neteller, qiwi, skrill, webmoney, wire transfer CMTrading 4 yes 1:400 15% match MetaTrader 4, Sirix Financial Services Board (FSB) South Africa 200 credit/debit cards, Wire transfer, CashU ,Skrill Blueberry Markets 4 yes 1:500 MetaTrader 4 ASIC 100 credit cards, wire transfer, POLi, Skrill Trade Nation 4 yes 1:30; 1:200 in-house web-based platform, Metatrader 4 MT4 FCA in the UK, the ASIC in Australia, the FSCA in South Africa and the SCB in the Bahamas 1 Credit Card, Srill FXDD 3 yes 1:200 - MetaTrader4, FXDD Trader, Power Trader, FXDD Auto, MTXtreme Malta Financial Services Authority (MFSA) 100 Wire, PayPal, Check, BPS Oanda 3 yes 1:50 Metatrader 4, FXtrade NFA 1 check, Credit cards, PayPal, Wire transfer iFOREX 3 yes 1:400 - FXnet Trader HFSA in Hungary, CySEC 100 credit cards, wire transfer AdvancedMarkets 3 yes 1:50 - Advanced Trader/Pro/Prime, Fortex FX Australian AFSL, ASIC 500 Wire, Check FP Markets 3 yes 1:500 10% credit bonus MetaTrader 4 (MT4), IRESS, Mobile trading ASIC 200 credit cards, UnionPay, Neteller, Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer DFMarkets 3 yes 1:200 10% Trading Credit Promotion up to $1,000 DFTrader, DF WebTrader, DF Mobile FCA 100 Bank wire, Credit/Debit cards Tickmill 3 yes 1:500 - MetaTrader 4, Webtrader FCA UK, FSA Seychelles 100 wire transfer (commission are charged), credit/debit cards, Skrill, Neteller, FasaPay, UnionPay and WebMoney TenkoFX 3 yes 1:500 MetaTrader 4, Webtrader International Financial Services Commission of Belize 10 Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi Z.com Trade 3 yes 1:200 Z.com trader web, Z.com trader pro (demo account only) FCA UK 1 credit cards, wire transfer, china unionpay, skrill Freshforex 3 yes 1:1000 +5% to each cryptocurrency deposit; get 300% for each deposit Metatrader 4 KROUFR 1 WebMoney, ePayService, Skrill , FasaPay, ADVCash, Perfect Money, Neteller, OnlineNaira NGN/USD, E-wallets for the Philippines, Visa/Mastercard/Maestro USD/EUR, Local Depositors, Bitcoin, Internet Banking Pepperstone 3 yes 1:500 100% Match Bonus Metatrader 4, Metatrader 5, cTrader, cAlgo, cMirror ASIC, FCA UK 200 bPay, credit cards, Paypal TradeFW 3 yes 1:30 https://www.forexexplore.com/forex-brokers/tradefw-review Cysec 0 Bank wire, Credit/Debit Card. CMCMarkets 2 yes 500:1 - Next Generation web-based FCA 1 Credit cards, Wire Transfer ActivTrades 2 yes 1:400 Metatrader 4, Activtrader FCA 100 Credit Card, Wire transfer, neteller, skrill, sofort Saxo Bank 2 yes 1:100 n/a SaxoTrader Danish Financial Services Authority and operates in the UAE 5000 Wire Blackwell Global 2 yes 1:200 - MetaTrader 4, Blackwell Pro, Mobile Financial Conduct Authority 2000 redit/debit cards, Neteller, Skrill, Wire transfer AAAfx 2 yes 1:200 up to 30% ZTP, MetaTrader 4, Binary options webtrader, Zulutrade HCMC (Greece) 300 Wire, Credit Card, Skrill, Neteller, giropay, EPS, directpay24, teleingreso, ideal, qiwi, Bitcoin XTB 2 yes 1:200 Metatrader 4, xStation, xMobile CNMV (Spain), FCA (UK), FSA (Poland) 250 Credit cards, Neteller, Paypal, Skrill, Wire transfer Anzo Capital 2 yes 1:1000 MetaTrader 4 yes 100 Webmoney, Skrill, Neteller, Credit Cards EasyMarkets 2 yes 1:100 Metatrader 4, EasyMarkets web-based platform ASIC (Australia), CySEC (Cyprus) 100 credit cards, neteller, Skrill, Webmney, wire transfer CityIndex 2 yes 1:400 - MT4 (MetaTrader 4), Advantage Web, Advantage Trader, iPhone, Android, Windows Phone App, iPad and Tablet App Trademark of GAIN Capital UK Ltd - Regulated by FCA 100 Credit/Debit Cards Markets.com 2 yes 1:200 up to $2,000 Meta Trader 4,MarketTrader, Market WebTrader, Market Java Trader,
Market Mobile Trader, Market WAP Trader,
Market iTrader, Market AutoTrader CySEC, FSCA South Africa 100 Credit/Debit Cards, Wire Transfer, Webmoney, Local Payments eToro
1 yes 1:30; 1:1 for Crypto Currencies - eToro Platform CySec, NFA 200 Credit Cards, Debit Cards, Paypal, Neteller, Skrill, Webmoney, Wire Transfer Tifia 1 yes 1:1,000 Metatrader 4, webtrader Vanuatu Financial Services Commission VFSC 10 wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay FXOpen 1 yes 1:500 $100 MetaTrader 4 ASIC, FCA UK, Financial Dispute Resolution Scheme 1 Wire, WebMoney, AlertPay, CashU, c-gold, PerfectMoney House of Borse 1 yes 1:100 MetaTrader 4 FCA UK 50000 credit cards, wire transfer Fort Financial Services 1 yes 1:1,000 MetaTrader 4, CQG, Ninja trader, binary options IFSC 5 Credit cards, webmoney, Skrill, Neteller, perfect money, fasapay, wire transfer TraderTrust 1 yes 1:200 100% upto $5,000 SmartForex CySec, VFCS 100 Skrill, Credit Cards MEX Exchange 1 yes 1:500 Metatrader 4 ASIC 25 Neteller, Skrill, Fasapay, UnionPay, Credit Cards, Wire Transfer FBS 1 yes up to 1:3,000 $123 Welcome Bonus MetaTrader 4, Metatrader 5, Webtrading IFSC; Cysec 1 credit cards, fasapay, Indonesia local banks, Neteller, okpay, perfectmoney, Skrill, Webmoney, wire transfer, Thai local banks, Exchangers, Malaysian banks and Bitcoin by Skrill Synergy FX 1 yes 1:500 MetaTrader 4 ASIC, AFSL 500 credit cards, skrill, wire transfer FCI Markets 1 yes 1:100 Currenex, FCI NetStation, MetaTrader 4 FCA 250 credit cards, neteller, skrill, wire transfer Fortrade 1 yes 1:200 Fortrader FCA 500 wire transfer, credit cards, skrill, neteller FXGiants 1 yes 1:500 MetaTrader 4 FCA 500 credit cards, neteller, paypal, skrill, unionpay, Webmoney, Wire Transfer FXGlobe 1 yes 1:500 MetaTrader 4 CySEC 250 Credit cards, Neteller, Skrill, Wire transfer FXoro 1 yes 1:400 Metatrader 4 CySEC 200 credit cards, wire transfer, skrill, neteller, ecoPayz, CashU FXprimus 1 yes 1:500 Metatrader 4 Cysec 100 Bitcoin, China UnionPay, FasaPay, Neteller, Skrill, Wire Transfer Infinox 1 yes 1:300 Metatrader 4 FCA UK 100 credit cards, wire transfer, skrill, neteller, china unionpay JCMFX 1 yes 1:1,000 MetaTrader 4 FSA 10 credit cards, FasaPay, Wire Transfer, Neteller, Skrill Larson&Holz 1 yes 1:500 Metatrader 4, Web Trader FMRRC, NAFD 100 credit cards, wire transfer, neteller, paypal, Yandex, liqpay, alfa click, beeline, mtc, perfect money LCG 1 yes 1:500 MetaTrader 4, LCG Trader (web-based, ECN accounts only) FCA UK 1 wire transfer, debit/credit cards, Skrill Mahi FX 1 yes 1:100 Metatrader 4, MahiFX FCA UK, ASIC, FMA 1 wire transfer, credit cards Pricemarkets 1 yes 1:400 MetaTrader 4 ECN, Currenex ECN, Integral FX, Liquid-x, Hotspot FX FCA UK 500 wire transfer, credit cards Rallytade 1 yes 1;1,000 Metatrader 4, xStation (web-based), xSocial, xOptions FinaCOM 100 credit cards, neteller, skrill, Interswitch, Pocketmoni, etraszact, perfectMoney, WebMoney, VoguePay Range Markets 1 yes 1:500 Metatrader 4 FSA of St. Vincent and the Grenadines 100 Neteller, Credit Cards, wire transfer Rekuten Securities 1 yes 1:50 MarketSpeed FX, Trading Station (inherited from FXCM) SFC 1 wire transfer, checks, ATM (only for local residents) Roboforex 1 yes 1:500 MetaTrader 4, cTrader Cysec, IFSC, FSP, FSCL 1 credit cards, QIWI wallet, webmoney, Yandex.money, RBK money, Skrill, FasaPay, CashU, Payoneer, China UnionPay, Neteller, Perfect Money Trading212 1 yes 1:200 Trading212 FCA UK 100 wire transfers, credit and debit cards, PayPal, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay AGEA 0 yes 1:500 $5 no-deposit bonus Streamster, MetaTrader 4 no 1 Credit Cards, Wire, Skrill, Webmoney, e-Dinar, Neteller, FasaPay, Perfect Money Oinvest 0 yes 1:200 Samsung Galaxy, iPhone Metatrader 4 yes 200 Skrill, Neteller, Credit Cards TrioMarkets 0 yes 1:300 - MetaTrader 4, Sirix Webtrader CySEC 100 Credit Card, Wire, Skrill, Neteller, Paypal and CashU Orbex 0 yes 1:500 MetaTrader 4 CySEC 500 Skrill, Neteller, Wire Transfer, Credit Cards, CashU, Webmoney GrandCapital 0 yes 500:1 $500 no deposit MetaTrader 4, WebTrader Financial Commission FinaCom, EDR Hong Kong external dispute resolution organization 10 Credit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney Alvexo 0 yes 400:1 - MetaTrader 4, WebTrader, Mobile CySEC 5000 Cash-U, Credit Card, Webmoney, Wire Transfer NSFX 0 yes 200:1 Metatrader 4, Webtrader, NSFX Jforex platform MFSA 300 credit cards, Skrill, CashU and wire transfer Juno Markets 0 yes 1:400 - MetaTrader 4 FinaCom 500 neteller, skrill, credit cards, wire transfer KGIeworld 0 yes 1:50 - MetaTrader 4 MAS 1000 Wire Transfer, Check Abshire-Smith 0 yes 1:200 Vertex fx, Metatrader 4, straticator FCA 500 CashU, Neteller, Skrill, Wire Transfer Alfa Financial 0 yes 1:100 MetaTrader 4, AX1Trader Central Bank UAE 10000 yes Darwinex 0 yes 1:200 MetaTrader 4, cTrader FCA 500 Bank Wire, Credit Cards, UnionPay Eightcup 0 yes 1:500 Metatrader 4 ASIC 100 ETX Capital 0 yes 1:200 ETX Trader Pro, Metatrader 4, ETX binary FCA 100 credit cards, wire transfer, firopay, neteller, skrill, sofort, china unionpay Swissmarkets 0 yes 1:500 Metatrader 4, Webtrader CySEC, MiFID 200 credit cards, wire transfer, neteller, skrill, iDEAL, giropay Trade360 0 yes 1:1,000 35%, $60 no deposit for real account Trade360 CySEC 100 credit cards, skrill, neteller, wire transfer ForexMart 0 yes 1:1,000 $150 no deposit needed Metatrader 4 CySEC 1 credit cards, Neteller, Skrill, Paypal, Paxum? Bitcoin AETOS 0 yes 1:200 MetaTrader 4 FCA UK 250 Bank wire transfer, Credit cards, Debit cards, Skrill, ZOTAPAY LH-Crypto 0 yes 1:500 Metatrader 4, Metatrader 5 yes 10 Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, DASH, Ripple, NEO, Visa, MasterCard, Web Money, QIWI, wire transfer 1Market 0 yes 1:400 Webtrader, Metatrader 5 Cysec 250 credit cards, bank wire transfers, Neteller, Skrill, Sofort, Rapid, PaySafe Card and Volt PlusMarkets 0 yes 1:30 Metatrader 4, PlusMarkets Trader CySec 0 cards, wire transfers, and some alternative payment methods, which aren’t specified HonorFX 0 yes 1:500 Metatrader 5 FSA 100 Credit Cards, Neteller, Skrill, Paypal, Bitpay, Fasapay, Perfect Money Tiger Brokers 0 Up to 4x (day trade), Up to 2x (next day) Tiger Trade US Securities and Exchange Commission,
Australian Securities & Investments Commission (ASIC)
0 Bank Wire Transfer, FAST, DDA, PayNow MarketBull 0 yes1000 1:1000 100% match the deposit Metatrader 4 jurisdiction of the UK 1000 Credit Cards, Neteller, Skrill, Bank Wire Transfer CedarFX 0 yes 1:500 MetaTrader 4 50 Credit Card, Bank Wire, Bitcoin GCI Trading 0 yes 1:400 50% on deposit MetaTrader 4, ActTrader IFSC 500 Bank Wire Transfer, Credit Card, Neteller, Skrill Axi 0 yes 1:400 Metatrader 4 ASIC, FCA, Financial Services Authority in Saint Vincent and the Grenadines 200 Debit and Credit Cards (Visa, Master, Maestro, JCB)
Global Collect (only for Australian clients)
BPAY (only for Australian Clients)
China Union Pay (only for Chinese residents)
Broker to Broker Transfer
Regulation of Bangladesh Forex Brokers
For the safest experience possible, it is best to steer clear of any offshore regulated brokers. These choices may be more flexible when it comes to the trading environment and areas like increased leverage which can be suited to some, but for the most secure trading environment, brokers regulated by CySEC, the FCA, and ASIC are great choices.
Major regulators in the industry include DFSA, SCB, CySEC, FCA, FSB, MiFID, ASIC, IFSC, BaFin, and many others. Before creating our list of the best brokers for Bangladeshis, we had to make sure they were all regulated and trusted brokers.
Is forex trading taxable in Bangladesh?
Forex trading is taxable in Bangladesh with 15% CGT for stock-investing and trading incomes. All profits that exceed the taxable income threshold are taxable based on the income tax rate. Furthermore, it doesn’t matter whether the profits generated from forex are main income or not regarding the income tax law.
How Can I Open a Trading Account in Bangladesh?
Most Forex traders resident in Bangladesh can open an account with a domestic Forex broker by providing the following:
- Two passport-sized photos
- A photocopy of a government-issued ID (for example, a passport, a social security card, or a resident card)
- A local foreign currency bank account statement from a Bangladeshi bank (from where Forex traders deposit funds into their Forex trading account)
- A proof of earnings document (for example, an employment certificate, a work permit, or a tax return)
- Traders who will designate a nominee must submit one passport size photo of the nominee
- A Power of Attorney for the nominee
- International Forex brokers may only require a photocopy of the ID and one proof of residency document.
How to Learn Forex Trading in Bangladesh?
Forex trading is not as difficult as it seems to be. Newbies who want to learn Forex can easily learn for free online. If you want to be a good forex trader, you must study, know all kinds of analysis, computers, current news, etc.
You just need to have some basic understanding of the forex market and how it works. In Bangladesh, there are a few ways you can learn forex trading.
- You can attend a forex trading course offered by brokers or international registered financial institutions. These courses usually last for a few weeks, and you will learn about the basics of forex trading, including how to read charts and identify trends. You can do those for free.
- You can also find online courses that are offered by various online learning platforms such as Udemy, Skillshare, etc. These sites usually offer paid courses, but they offer a lot more flexibility because you can learn at your own pace.
- You can also learn forex by opening a demo account with any forex broker. It will help you to learn like the real forex world.
- Finally, you can also find free resources online that can help you learn about forex trading. This is probably one of the best options for beginners because it allows you to learn at your own pace, and it’s free! Whichever way you decide to take, make sure you do your research first and find a course that suits your needs.
If you are looking for an easy way to earn some extra cash on the side, forex trading is one of the best options out there. Forex currency trading or currency speculation is a way to earn money by dealing in currency markets. Anyone with internet access and a small amount of cash can start trading currencies by opening an account with any number of different forex brokers who provide this service.
Many Bangladesh residents are not familiar with the Forex market. They do not understand how it works or how to trade currencies. This makes it difficult for them to invest in Forex. Despite these obstacles, there are a few Bangladeshi traders who are successful in forex trading in Bangladesh. These traders have learned about forex by themselves with proper dedication. So, if you want to start forex trading in Bangladesh, make sure you learn first, and after that, pick the best forex broker in Bangladesh from the list we have given in this article.
Limitations and Comparison to Other Countries
Unlike in other countries, Bangladeshi citizens are not authorized to perform Forex transactions directly, rather only through brokerage companies.
The biggest local exchange is the Dhaka Stock Exchange (DSE). It was founded in 1986 and has reached more than $42 billion of capitalization. The second biggest exchange is the Chittagong Stock Exchange (CSE).
You will not find major brokers locally. So to trade online, it is necessary to find an international broker authorized to carry out Forex trading in Bangladesh.
Currently, the Bangladeshi government is working on the possibility to attract more FDI (foreign direct investments). They are working on a new draft of a 70-old Forex regulation to simplify opening a foreign currency account for end-users. Hopes are high that very soon the country will adopt an amended law on Forex currency and exchange management.
Forex broker fees
Forex brokers can charge commissions, spreads and financing fees.
When it comes to commissions, there are two different fee structures forex brokers normally use:
- All trading fees are included in the spread except the financing rate. Basically, think of it as the broker giving you a wider spread than it gets from the market.
- You get the market spread, but you pay a commission based on the traded amount. This model is usually used by ECN brokers.
The second version is more transparent, but this doesn't always mean it's more expensive.
When you trade forex on leverage and hold your position overnight, a fee will be charged. This is called financing cost. Financing costs change daily, and can add up if you hold your positions for a longer period.
Becoming a Forex Trader In Bangladesh
Forex is a global market for currency trading. Its daily turnover is estimated at trillions of US dollars (it reaches $5-7 trillion depending on the circumstances). Today, experts predict it will reach the $10 trillion mark within a couple of years. The most popular currency is the USD, as it participates in more than 85% of all global currency exchange transactions.
Online trading allows you to use almost all Forex trading tools. You can select any financial assets, analyze the market situation based on historical and current quotes, use margin trading, replenish a deposit and withdraw profits, apply different trading strategies and follow advice from professional traders.
Is Forex legal in Bangladesh?
Forex trading is legal in Bangladesh but there are some restrictions. Ordinary users cannot open a foreign currency account directly. They can trade only via brokers that have been officially approved by the Bangladesh Bank.
Which Forex broker has the best spreads in Bangladesh?
Many brokers offer excellent floating spreads to attract more traders to their platforms. It is important for a beginner to start with the brokers that offer the lowest spreads for the trades. If you are going to participate in Forex Bangla trading, pay attention to Pepperstone and Eightcap where the spreads start from 0.0 pips.
Which is the best Forex broker for beginners in Bangladesh?
Every beginner should select a broker that has the following features: a demo account, free training, and the lowest deposits and spreads. It is difficult to say which broker is the best. But if the company is ready to give you a chance to test its platform for free, it is definitely worth attention.
Is eToro available in Bangladesh?
eToro accepts traders from Bangladesh.
How can I do Forex in Bangladesh?
The most convenient and effective method is an international Forex broker offering a competitive core trading environment, including low trading costs.
Is Bitcoin available in Bangladesh?
Bitcoin is available in Bangladesh, which has an extensive peer-to-peer network. The popularity of cryptocurrencies has started to attract international cryptocurrency exchanges to Bangladesh. Traders can also take advantage of cryptocurrency CFDs provided by their Forex brokers.
Is trading available in Bangladesh?
Trading is available and legal in Bangladesh via domestic and international brokers.
How many stock exchanges are there in Bangladesh?
Bangladesh has two BSEC-regulated stock exchanges, the Dhaka Stock Exchange (DSE), founded in 1954, and the Chittagong Stock Exchange (CSE), founded in 1995. Both have a computerized automated trading system
Can I buy foreign stocks in Bangladesh?
The Dhaka Stock Exchange lists several foreign stocks, allowing traders exposure to foreign equities denominated in local currency.