Best Forex Brokers in Bangladesh for 2024

Last updated Jul 2, 2024

We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers Bangladesh based on our analysis:

  1. 1
    IC Markets Logo
    IC Markets - Best Forex broker in Bangladesh - A wide range of trading assets. Low spreads. Variety of trading platforms.
  2. 2
    AvaTrade Logo
    AvaTrade - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources.
  3. 3
    Roboforex Logo
    Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts.
  4. 4
    FxPro Logo
    FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools.
  5. 5
    AMarkets Logo
    AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations.
  6. 6
    Deriv Logo
    Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure.
  7. 7
    Admirals Logo
    Admirals - Low trading fees. Wide range of payment methods. Extensive analytical resources.
  8. 8
    HF Markets Logo
    HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews.
  9. 9
    FBS Logo
    FBS - Regulated by major international organizations. Low spreads and commissions. Wide range of trading assets.
  10. 10
    XM Logo
    XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account.

The Forex market in Bangladesh is witnessing substantial growth, thanks to a range of reputable brokers offering diverse trading platforms and benefits. Our team has meticulously researched and compiled a comprehensive list of the Best Forex Brokers in Bangladesh, specifically tailored for beginners. This list is designed to help you choose a broker that aligns with your trading preferences, ensuring the security and integrity of your investments.

List of the Best Forex Brokers in Bangladesh in 2024

1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$200
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2005
Minimum Deposit
$100
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$10
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$100
5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$100
6
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2020
Minimum Deposit
$1
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2001
Minimum Deposit
$1
8
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$1
9
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$5
10
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$5

Our team has meticulously evaluated numerous companies to identify the most reliable and user-friendly platforms for Forex trading in Bangladesh. This page offers in-depth reviews of the top Bangladeshi Forex brokers, aimed at helping you make an informed decision. Each review provides a thorough analysis of a broker, enriched with genuine feedback from Forex traders who have firsthand experience with their services. Whether you are new to the Forex market or seeking the ideal partner to navigate the financial markets, our detailed reviews will help you avoid common pitfalls and guide you toward the best online trading platform that aligns with your financial goals in 2024.

1. IC Markets

IC Markets Logo
1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4cTraderTradingView
Deposit/withdrawal:
Логотип PayPal
Логотип Neteller
Логотип Skrill
Логотип Bpay
Логотип FasaPay
Логотип Klarna
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип UnionPay
Логотип POLi
Логотип Rapidpay
compare IC Markets trading accounts

IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.

IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.

Pros and Cons of IC Markets

Pros

  1. A wide range of trading assets.
  2. Low spreads.
  3. Variety of trading platforms.
  4. Quality educational materials.
  5. Efficient customer support service.

Cons

  1. High minimum deposit.

2. AvaTrade

AvaTrade Logo
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Trading Assets
ForexStocksIndicesETFCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTraderAvaTradeGO
Deposit/withdrawal:
Логотип Neteller
Логотип Skrill
Логотип Perfect Money
Логотип Google Pay
Логотип Bank Transfer
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип JCB
compare AvaTrade trading accounts

AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.

Pros and Cons of AvaTrade

Pros

  1. A wide selection of financial assets.
  2. Innovative trading platforms.
  3. Highly rated educational resources.

Cons

  1. Limited trading account options.
  2. Account inactivity fee.

3. RoboForex

Roboforex Logo
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksETFPrecious MetalsEnergy CarriersSoft CommoditiesFutures
Trading Platforms
MetaTrader 5MetaTrader 4R WebTraderR MobileTraderR StocksTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип AdvCash
Логотип Perfect Money
Логотип Касса24
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип JCB
compare Roboforex trading accounts

RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.

Pros and Cons of Roboforex

Pros

  1. A variety of trading platforms.
  2. Over 12,000 trading assets.
  3. Different types of trading accounts.
  4. Competent 24/7 customer support.
  5. Loyalty programs and bonus offers for clients.
  6. Low spreads and fees.

Cons

  1. Regulation in an offshore jurisdiction.
  2. Beginner traders may find a lack of educational materials.

4. FxPro

FxPro Logo
4
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Perfect Money
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип UnionPay
compare FxPro trading accounts

FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.

Pros and Cons of FxPro

Pros

  1. Various trading platforms.
  2. A diverse range of available markets and products.
  3. Multiple analytics tools.
  4. Extensive educational materials.

Cons

  1. An inactivity fee.
  2. Absence of cent accounts and services for copying trades.

5. AMarkets

AMarkets Logo
5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип Neteller
Логотип FasaPay
Логотип Bank Transfer
Логотип Система быстрых платежей (СБП)
Логотип Visa
Логотип Mastercard
Логотип Мир
Логотип HUMO
compare AMarkets trading accounts

AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.

Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.

Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.

Pros and Cons of AMarkets

Pros

  1. A wide range of trading assets.
  2. Extensive analytical capabilities using modern tools and trading robots.
  3. No commissions on many operations.
  4. Convenience and simplicity of opening an account and managing it.

Cons

  1. Not the most extensive educational materials.
  2. On some assets, spreads are higher than those of competing Forex brokers.

6. Deriv

Deriv Logo
6
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5Deriv XcTrader
Deposit/withdrawal:
Логотип FasaPay
Логотип Perfect Money
Логотип Skrill
Логотип Neteller
Логотип WebMoney
Логотип PaySafeCard
Логотип Jeton
Логотип SticPay
Логотип Airtm
Логотип Boleto
Логотип Paylivre
Логотип OnlineNaira
Логотип Beyonic
Логотип AstroPay
Логотип 1foryou
Логотип AdvCash
Логотип Swift
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип Diners Club
Логотип JCB
Логотип PayTrust88
Логотип Help2pay
Логотип DragonPhoenix
Логотип ZingPay
Логотип Ngan Luong
Логотип Trustly
compare Deriv trading accounts

Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.

Pros and Cons of Deriv

Pros

  1. Simple and fast account opening process.
  2. A wide variety of account types cater to different trading needs.
  3. Low commission structure.
  4. A wide range of trading platforms.
  5. High-quality technical support with fast and effective responses.

Cons

  1. Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
  2. Educational materials are confined to a blog and lack comprehensive learning resources.

7. Admirals

Admirals Logo
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrencyStocksETF
Trading Platforms
MetaTrader 4MetaTrader 5
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Perfect Money
Логотип Swift
Логотип Visa
Логотип Mastercard
compare Admirals trading accounts

The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.

Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.

Pros and Cons of Admirals

Pros

  1. Low trading fees.
  2. Wide range of payment methods.
  3. Extensive analytical resources.
  4. A rich collection of educational materials.

Cons

  1. Inactivity fee.
  2. Some users complain about the intrusiveness of the support service.

8. HF Markets

HF Markets Logo
8
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexStocksIndicesBondsETFCryptocurrencyPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Perfect Money
Логотип FasaPay
Логотип BitPay
Логотип Bank Transfer
Логотип Visa
Логотип Mastercard
compare HF Markets trading accounts

HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.

HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.

Pros and Cons of HF Markets

Pros

  1. Regulated by reputable financial authorities.
  2. Wide selection of trading assets.
  3. A variety of educational materials and analytical reviews.

Cons

  1. There is no alternative to MetaTrader.
  2. High swaps and wide spreads.

9. FBS

FBS Logo
9
4.3/5
FBS review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesStocksCryptocurrencyPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 4MetaTrader 5FBS Trader
Deposit/withdrawal:
Логотип Neteller
Логотип Skrill
Логотип Perfect Money
Логотип SticPay
Логотип Visa
Логотип Mastercard
Логотип Maestro
compare FBS trading accounts

FBS is a reliable choice for traders who value a secure and regulated trading environment, complemented by a robust selection of educational resources and trading tools. It is particularly well-suited for those new to trading or looking to expand their knowledge and experienced traders focusing on a diverse range of assets. Despite its limitations in account types and currency options, FBS's strengths in providing competitive trading conditions and comprehensive support make it a commendable broker for a broad spectrum of traders.

Pros and Cons of FBS

Pros

  1. Regulated by major international organizations.
  2. Low spreads and commissions.
  3. Wide range of trading assets.
  4. Extensive database of educational materials and analytical tools.
  5. Support for various trading platforms.

Cons

  1. Limited choice of trading accounts.
  2. Limited choice of account currency.

10. XM

XM Logo
10
4.2/5
XM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesStocksPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Neteller
Логотип Skrill
Логотип WebMoney
Логотип Perfect Money
Логотип SticPay
Логотип Visa
Логотип Mastercard
compare XM trading accounts

XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.

Pros and Cons of XM

Pros

  1. Wide range of trading assets.
  2. Extensive educational resources.
  3. Tight spreads on the Ultra Low account.
  4. Many analytical materials.
  5. Commission-free deposits and withdrawals.

Cons

  1. Inconsistency in technical support.
  2. Inactivity fee.
  3. Standard account has a higher spread than the market average.

Regulation of Forex Trading in Bangladesh

Forex market regulation in Bangladesh aims to ensure transparency and fairness in trading activities, as enforced by Bangladeshi regulatory authorities. The primary guidelines for Forex trading are established by the Bangladesh Securities and Exchange Commission (BSEC), which oversees firms offering Forex products.

Key Regulatory Bodies in Bangladesh

  • Bangladesh Securities and Exchange Commission (BSEC): The BSEC plays a central role in regulating Forex trading activities in Bangladesh. It enforces Forex and CFD trading rules to protect investors and uphold market integrity.

  • Bangladesh Bank (BB): Bangladesh Bank is crucial in Bangladesh's financial markets, including the Forex market. It sets policies and guidelines for Forex trading and ensures the stability and smooth functioning of the foreign exchange market.

Verifying Broker Authorization

To confirm a broker’s authorization by the BSEC, Bangladeshi Forex traders can use BSEC’s online resources to check brokers' registration and regulatory compliance. This platform allows traders to verify if a Forex broker is regulated and authorized under BSEC’s guidelines. Typically, a broker's website will include key disclosure text indicating their regulatory status under BSEC.

Traders should search for the firm's name in the BSEC registration database to confirm compliance. Information on the licensing status of regulated brokers in Bangladesh can also be found on BSEC’s official website.

About BSEC’s Role in Forex Regulation

Established in 1993, the BSEC is a statutory regulatory body regulating the Bangladeshi capital markets. It acts as the watchdog for all capital market participants, with its primary functions including protecting investor interests and promoting and regulating the Bangladeshi securities markets.

How to Choose the Best Forex Broker in Bangladesh?

Selecting the right Forex broker is crucial for successful trading in the global currency market. When looking for a reliable online Forex broker in Bangladesh, it is essential to evaluate several key factors that align with your trading goals and preferences. The ideal broker should meet your needs without imposing limitations that could hinder your trading efficiency. Consider the following critical aspects when choosing a Forex broker in Bangladesh:

  1. Regulatory Compliance: Ensure the broker is regulated by authoritative bodies such as the BSEC, FCA, CySEC, or ASIC. This confirms the broker's reliability and adherence to fair trading practices.
  2. Account Types: Look for a broker that offers account types suitable for your experience level and investment capacity. The broker should provide various options to cater to your specific trading needs.
  3. Trading Platforms: The functionality and user-friendliness of trading platforms are essential. Opt for a broker that provides robust, intuitive platforms to enhance your trading experience.
  4. Trading Conditions: Investigate the broker’s trading terms, such as Forex spreads, trading costs, minimum deposit requirements, and the range of trading instruments available. These conditions should support your trading strategies.
  5. Customer Support: Assess the quality of customer service. Focus on how responsive and efficient the support team is. The broker should offer easy and accessible communication channels.

By carefully considering these factors, you can confidently identify a top Forex broker in Bangladesh. We recommend trying a demo account to test the broker's services and their compatibility with your trading style.

How We Compiled the List of Top Forex Brokers in Bangladesh

Our process for identifying the best Forex trading platforms in Bangladesh was conducted with meticulous precision and a comprehensive set of criteria:

  1. We began by compiling a Forex broker list that met our predefined benchmarks. Each broker was rigorously evaluated through a detailed assessment methodology to impartially analyze their services and operational efficiency.

  2. We prioritized brokers regulated by respected financial authorities such as the FCA, ASIC, CySEC, and BSEC. This ensures the brokers operate with transparency and adhere to strict financial standards.

  3. Brokers were assessed based on their trading conditions, including spreads, fees, minimum deposits, and the range of trading instruments available. We also evaluated the quality and usability of their trading platforms, with a preference for those offering popular platforms like MetaTrader 4 and MetaTrader 5, as well as proprietary platforms with advanced features.

  4. The quality of customer support was a crucial factor, focusing on the availability of support in relevant languages and accessible communication channels. Additionally, we considered brokers that offer localized services, such as websites and educational resources tailored to the needs of traders in Bangladesh.

  5. Genuine feedback from traders who have used these brokers firsthand was incorporated to provide a well-rounded view of each broker's strengths and weaknesses. This includes aspects like ease of use, customer service experiences, and overall satisfaction.

By following this thorough evaluation process, we ensured that our list of top Forex brokers in Bangladesh is reliable and trustworthy, helping traders make informed decisions in the dynamic Forex market.

Conclusion

Choosing the right online broker is critical to success in the Forex market. The broker's trustworthiness, adherence to regulatory standards, favorable trading conditions, and customer support effectiveness are vital factors to consider. Our meticulously curated list of the 10 best Forex brokers in Bangladesh is designed to assist you in making this crucial decision. This list includes detailed information and insights from comprehensive research and genuine user reviews. We aim to provide essential guidance to help you select the best broker that aligns with your individual trading needs, setting the stage for financial success and proficient Forex trading in Bangladesh.

FAQ

Yes, Forex trading is legal in Bangladesh, but it must be conducted through authorized and regulated brokers to ensure compliance with local financial regulations.

Which is the best Forex broker in Bangladesh?

The best Forex broker in Bangladesh varies based on individual preferences and needs. Some popular brokers known for their reliability and services include XM, IC Markets, and Exness.

How to trade Forex in Bangladesh?

To trade Forex in Bangladesh, you need to follow these steps:

  1. Choose a reputable and regulated broker.
  2. Open a trading account with the broker.
  3. Deposit funds into your trading account.
  4. Download and install the broker’s trading platform.
  5. Start trading by analyzing the market and placing trades.

What is the minimum investment for Forex trading in Bangladesh?

The minimum investment for Forex trading in Bangladesh depends on the broker. Some brokers allow you to start trading with as little as $10, while others may require higher minimum deposits. For more information on brokers with low minimum deposits, check out low deposit Forex brokers.

How can I verify if a Forex broker is regulated in Bangladesh?

You can verify if a Forex broker is regulated in Bangladesh by checking the broker's registration and regulatory status on the Bangladesh Securities and Exchange Commission (BSEC) website. Additionally, the broker’s website should display its regulatory information.

What are the best trading platforms in Bangladesh?

The best trading platforms in Bangladesh include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and proprietary platforms offered by brokers such as cTrader and NinjaTrader. These platforms are known for their user-friendly interfaces and advanced trading tools. For more information on brokers offering cTrader, check out brokers with cTrader.

Are Forex brokers regulated in Bangladesh?

Yes, Forex brokers in Bangladesh are regulated by the Bangladesh Securities and Exchange Commission (BSEC). It is important to choose brokers that comply with BSEC regulations to ensure the safety and security of your investments.

Can I trade Forex without a broker in Bangladesh?

No, you cannot trade Forex without a broker in Bangladesh. Brokers provide the necessary platform and access to the Forex market, enabling you to execute trades.

Is Forex good for beginners in Bangladesh?

Forex trading can be suitable for beginners in Bangladesh if they take the time to learn and understand the market. Many brokers offer educational resources, demo accounts, and customer support to help beginners get started.

Which Forex broker has the best spreads in Bangladesh?

The Forex broker with the best spreads in Bangladesh can vary. Brokers like XM, IC Markets, and Exness are known for offering competitive spreads. It’s essential to compare spreads across different brokers to find the most favorable conditions. For more information on brokers with tight spreads, check out Forex scalping brokers.

Can I trade with internationally regulated Forex brokers in Bangladesh?

Yes, you can trade with internationally regulated Forex brokers in Bangladesh. Many international brokers accept Bangladeshi clients and provide services compliant with global regulatory standards.

Is Forex trading taxable in Bangladesh?

Yes, Forex trading is taxable in Bangladesh. Profits from Forex trading are subject to local tax regulations, and traders should consult with a tax advisor to ensure compliance with all tax obligations.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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