Best Bangladesh Forex Brokers

BrokerNotes.co

Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by John Bringans

April 19, 2024

The first step for every forex trader should be choosing a reliable, well-regulated forex broker. The team at BrokerNotes has conducted extensive research and data collection on international forex brokers and the local regulatory environment to create this guide for Bangladesh-based forex traders. Read more to learn which forex broker is best for your needs.

travel_explore A little bit of Bangladesh trivia

Check out some general Bangladesh facts as well as some info about some of the country's most important financial bodies in the paragraph below, generated by ChatGPT (to learn more about how we ethically incorporate AI into our content, read our generative AI policy).

The population of Bangladesh is estimated to be 162,951,560 according to the World Bank 2020 estimates. The national currency of Bangladesh is the Bangladesh Taka (BDT). The name of the central bank of Bangladesh is Bangladesh Bank (BB). The primary responsibilities of Bangladesh Bank are to license, regulate, and supervise all commercial banks and other financial institutions of Bangladesh and to issue currency in Bangladesh. Besides Bangladesh Bank, the Bangladesh Securities and Exchange Commission (BSEC) is the other primary financial markets regulator in Bangladesh. The responsibilities of BSEC are enforcing the securities law, monitoring the activities in the capital market and other capital formation activities, promoting the development of the capital market and protecting the interests of investors. Additionally, BSEC sets regulations for intermediaries such as stockbrokers, merchant bankers and other market participants.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Forex Brokers Bangladesh for 2024

  • Interactive Brokers
    - 9.9/10 Overall
  • FOREX.com
    - 9.4/10 Overall
  • eToro - 8.8/10 Overall
  • AvaTrade - 8.7/10 Overall
  • Pepperstone - 8.4/10 Overall
  • XM Group - 8.4/10 Overall
  • Admirals - 8.5/10 Overall
  • FP Markets - 8.3/10 Overall
  • IC Markets - 8.1/10 Overall
Interactive Brokers
star 9.9/10 Overall
Minimum Deposit$0
Tier-1 Licenses9
Tradeable Symbols (Total)8500

Interactive Brokers is a highly trusted broker regulated across the globe that delivers access to over 100 markets, including forex and CFDs. Its Trader Workstation (TWS) platform offers a variety of advanced trading tools for experienced traders, and IBKR's web-based platform is great for beginner forex traders. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
FOREX.com
star 9.4/10 Overall
Minimum Deposit$100
Tier-1 Licenses7
Tradeable Symbols (Total)5500

FOREX.com is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. FOREX.com offers its own flagship trading platforms for web and desktop, as well as the full MetaTrader suite. Though its pricing is higher than average, FOREX.com is a balanced choice for traders of all experience levels. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
eToro
star 8.8/10 Overall
Minimum Deposit$50-$10,000
Tier-1 Licenses3
Tradeable Symbols (Total)5461

Best known for its copy trading platform suite, eToro is a highly trusted broker offering a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. It’s worth noting that eToro is not a discount broker (though it offers zero-dollar commissions for U.S. stocks). Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)No
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
AvaTrade
star 8.7/10 Overall
Minimum Deposit$100
Tier-1 Licenses4
Tradeable Symbols (Total)1260

AvaTrade is a well-rounded, highly trusted broker that offers excellent educational resources for beginners and great tools for copy trading. AvaTrade's commissions and market research are about average, and traders gain access to AvaTrade's proprietary platforms and the full MetaTrader suite. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Pepperstone
star 8.4/10 Overall
Minimum Deposit$0
Tier-1 Licenses3
Tradeable Symbols (Total)1726

Pepperstone is a highly trusted broker that offers a growing number of tradeable markets and support for third-party platforms such as TradingView, cTrader, a variety of copy trading platforms, and the MetaTrader suite. Traders at Pepperstone also gain access to high-quality research content in both written and video format. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformNo
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
XM Group
star 8.4/10 Overall
Minimum Deposit$5
Tier-1 Licenses4
Tradeable Symbols (Total)1394

XM Group is a trusted broker known for its robust educational materials and quality market research. Traders at XM Group gain access to the full MetaTrader platform suite along with trading tools provided by Trading Central. That said, XM Group doesn't offer any proprietary platforms, and its range of markets and trading costs could improve. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformNo
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Admirals
star 8.5/10 Overall
Minimum Deposit$100
Tier-1 Licenses4
Tradeable Symbols (Total)8702

Admiral Markets is a highly trusted multi-asset broker regulated in multiple reputable jurisdictions. Admiral Markets delivers a powerful MetaTrader experience with advanced supplemental features. With numerous platform add-ons and tools, copy trading, premium market research, and excellent educational content, Admiral Markets is a good choice for forex traders. Read full review. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
FP Markets
star 8.3/10 Overall
Minimum Deposit$100 AUD
Tier-1 Licenses2
Tradeable Symbols (Total)10000

FP Markets delivers excellent pricing and access to the full MetaTrader suite, as well as cTrader and its own copy trading platform. That being said, FP Markets' pricing is not as low on its IRESS platform, which is optimized for share dealing. FP Markets fares well across most key categories, though its research and education have room to improve. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
IC Markets
star 8.1/10 Overall
Minimum Deposit$200
Tier-1 Licenses2
Tradeable Symbols (Total)3583

IC Markets is a trusted broker with multiple Tier-1 regulatory licenses. Traders at IC Markets gain access to MetaTrader 4 and MetaTrader 5 as well as the Advanced Trading Tools package for desktop and support for third-party plugins from Autochartist and Trading Central. That said, the broker's research and education have room to improve. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformNo
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes

What are the best Bangladesh forex brokers?

We’ve tested over 60 international forex brokers and created unbiased, data-driven broker ratings to show you the best forex brokers in the industry. To help you navigate the world of forex regulations and choose a broker that you can trust, our expert research team has built a proprietary database containing over 100 global regulatory licenses and jurisdictions; that research determines each broker's individual Trust Score. Check out our top picks for the best Bangladesh forex brokers:

Winner: Interactive Brokers

Founded in 1977, Interactive Brokers is a long-standing highly trusted broker that holds a stunning nine Tier-1 licenses from regulatory jurisdictions across the globe numerous regulatory licenses. We've consistently rated Interactive Brokers as an excellent choice for professional traders, and its Trader Workstation (TWS) platform offers a variety of advanced trading tools that will be appreciated by experienced traders. Interactive Brokers delivers access to over 100 markets, including forex and CFDs. IBKR's recently introduced web-based platform is a great choice for beginner forex traders, and its powerful research and extensive educational content make for a balanced experience for newcomers and professionals alike.

Interactive Brokers Trading Platform Screenshots

Interactive Brokers Features

  • Overall rating - 9.9/10
  • Trust Score - 99
  • Tradeable symbols - 8500
  • Minimum deposit - $0

Runner Up: FOREX.com

FOREX.com, part of the StoneX Group, is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. We love FOREX.com's flagship trading platforms for web and desktop (TradingView's powerful charting is fully integrated within the broker's web platform), and MetaTrader loyalists will appreciate that FOREX.com offers both MetaTrader 4 and MetaTrader 5. An impressive number of CFDs are available within the broker's proprietary platform (though fewer are available on MetaTrader). FOREX.com's pricing is great for active traders, but our research found that FOREX.com is slightly expensive compared to the industry average. Overall, FOREX.com is a well-balanced choice for traders of all experience levels.

FOREX.com Trading Platform Screenshots

FOREX.com Features

  • Overall rating - 9.4/10
  • Trust Score - 99
  • Tradeable symbols - 5500
  • Minimum deposit - $100

Podium Finisher: eToro

Best known for its versatile and easy-to-use social copy trading platform suite for web and mobile, eToro offers a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. With licenses from multiple Tier-1 regulatory jurisdictions and a Trust Score rating of 90, we consider eToro to be a highly trusted broker. It's worth noting that eToro is not a discount broker (though it delivers more benefits than its competitors in the same price range). Trading forex and CFDs at eToro is slightly pricier than at many of its competitors, though the broker has recently lowered its spreads and introduced zero-dollar commissions for U.S. stock trading.

eToro Trading Platform Screenshots

eToro Features

  • Overall rating - 8.8/10
  • Trust Score - 93
  • Tradeable symbols - 5461
  • Minimum deposit - $50-$10,000

Compare trading costs for the best Bangladesh forex brokers

Based on our own data (our independent database contains over 4,000 data points), this table compares trading costs for the top Bangladesh forex brokers.

Company Accepts BD Residents Minimum Deposit Average Spread EUR/USD - Standard Average Spread EUR/USD - Mini All-in Cost EUR/USD - Active Active Trader or VIP Discounts
Interactive Brokers logoInteractive Brokers
check $0 0.63 info 0.63 info 0.63 info Yes
FOREX.com logoFOREX.com
check $100 1.4 info 1.4 info 0.83 info Yes
eToro logoeToro
check $50-$10,000 1 info 1 info N/A Yes
AvaTrade logoAvaTrade
check $100 0.93 info 0.93 info 0.61 info Yes
Pepperstone logoPepperstone
check $0 1.10 info 1.10 info 0.80 info Yes

Comparing trading platforms between Bangladesh forex brokers

Trading platforms grant access to the foreign exchange market and allow you to analyze market conditions, manage positions, and execute trades. Check out a side-by-side comparison of the trading platforms available at the best Bangladesh forex brokers, based on our independent product testing.

Company Accepts BD Residents Desktop Platform (Windows) Web Platform Proprietary Platform MetaTrader 4 (MT4) MetaTrader 5 (MT5) ZuluTrade cTrader
Interactive Brokers logoInteractive Brokers
check Yes Yes Yes No No No No
FOREX.com logoFOREX.com
check Yes Yes Yes Yes Yes No No
eToro logoeToro
check No Yes Yes No No No No
AvaTrade logoAvaTrade
check Yes Yes Yes Yes Yes Yes No
Pepperstone logoPepperstone
check Yes Yes No Yes Yes No Yes

Comparing investment options between Bangladesh forex brokers

We closely monitor the availability of investment products such as forex trading (CFD and spot), stocks (CFD and non-CFD), spread betting, ETFs, and social copy trading – among many others. These investment types are tracked as variables within our extensive independent database. Check out the offering of investments at the top Bangladesh forex brokers.

Company Accepts BD Residents Forex Trading (Spot or CFDs) Spread Betting Social Trading / Copy Trading U.S. Stocks (CFD)
Interactive Brokers logoInteractive Brokers
check Yes No No Yes
FOREX.com logoFOREX.com
check Yes No No Yes
eToro logoeToro
check Yes No Yes Yes
AvaTrade logoAvaTrade
check Yes Yes Yes Yes
Pepperstone logoPepperstone
check Yes Yes Yes Yes

What is the best forex broker in Bangladesh?

Interactive Brokers is our pick for the best forex broker in Bangladesh. Founded in 1977, Interactive Brokers holds licenses across a number of notable global regulatory jurisdictions, and has earned an overall Trust Score rating of 99. Interactive Brokers's impressive offering of 8500 tradeable symbols opens up a wide variety of trading opportunities for its clients. If you are interested in opening an account, the minimum deposit to get started as a trader at Interactive Brokers is $0. We've tested and reviewed dozens of forex brokers and created unbiased, data-driven broker ratings to highlight the best forex brokers in the industry. Our overall rating for Interactive Brokers is 9.9/10. Read our data-driven broker reviews to learn more.

Check out a gallery of screenshots from Interactive Brokers's trading platforms, taken by our research team during our product testing.

Best Bangladesh Forex Brokers

Here are our picks for the best forex brokers that accept Bangladesh-based clients in 2024. The below table is sorted by the brokers' Overall Ratings.

Company Accepts BD Residents Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Read Review Visit Site
Interactive Brokers logoInteractive Brokers
check 9.9 $0 0.63 info Interactive Brokers Review
FOREX.com logoFOREX.com
check 9.4 $100 1.4 info FOREX.com Review
eToro logoeToro
check 8.8 $50-$10,000 1 info eToro Review
AvaTrade logoAvaTrade
check 8.7 $100 0.93 info AvaTrade Review
Pepperstone logoPepperstone
check 8.4 $0 1.10 info Pepperstone Review
XM Group logoXM Group
check 8.4 $5 1.6 info XM Group Review
Admirals logoAdmirals
check 8.5 $100 0.8 info Admiral Markets Review
FP Markets logoFP Markets
check 8.3 $100 AUD 1.1 info FP Markets Review
IC Markets logoIC Markets
check 8.1 $200 0.62 info IC Markets Review

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Methodology

At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

AI disclaimer

We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team

BrokerNotes.co
BrokerNotes.co

BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

John Bringans
John Bringans

John Bringans is the Senior Editor of BrokerNotes.co and ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

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