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7 Best Forex Brokers in Bangladesh

Forex Brokers Bangladesh

 

The 7 Best Forex Brokers in Bangladesh – Rated and Reviewed. We have rated and reviewed the top 7 Forex Brokers offering Standard and Islamic Accounts to Bangladeshi traders.

 

In this in-depth guide you will learn:

 

  • The Best Forex Brokers in Bangladesh – a List
  • The Best Forex Trading Platforms and Apps in Bangladesh
  • Is Forex Trading/Binary Trading Legal in Bangladesh?
  • The Best, Safest, and, Cheapest Forex Broker for Bangladeshi Traders
  • The Best Forex Brokers in Bangladesh for Beginners

 

and much, MUCH more!

 

Best Forex Brokers in Bangladesh

 

7 Best Forex Brokers in Bangladesh – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Bangladeshi Traders💶 Min. Deposit (BDT)
🥇 HFM👉 Click Here✅YesNone
🥈 eToro👉 Click Here✅Yes৳5484,86
🥉 Pepperstone👉 Click Here✅YesNone
🏅 RoboForex👉 Click Here✅Yes৳1096.97
🎖️ ThinkMarkets👉 Click Here✅YesNone
🥇 Tickmill👉 Click Here✅Yes৳10'969.71
🥈 EightCap👉 Click Here✅Yes৳10'969.71

 

7 Best Forex Brokers in Bangladesh (2024)

 

  1. ☑️ HFM – Overall, the Best Forex Broker in Bangladesh
  2. ☑️ eToro – Best Forex Broker for Social Trading
  3. ☑️ Pepperstone – Low Commissions and tight spreads.
  4. ☑️ RoboForex – Best Forex Broker for Beginners
  5. ☑️ ThinkMarkets – Best MT4/MT5 Forex Broker
  6. ☑️ Tickmill – Rich selection of currency pairs.
  7. ☑️ EightCap – Low ৳ (BDT) Minimum Deposit

 

HFM Review

 

HFM

HFM, also known as HF Markets, is a globally recognized Forex and CFDs provider regulated by the FSCA, CySEC, DFSA, FSA, FCA, FSC, and, CMA. Account types offered are Cent, Zero, Pro, Pro Plus, and, Premium. Moreover, no minimum deposit is required to register an account.

 

🔎 Broker🥇 HFM
💴 Minimum Deposit$0
📌 Regulation and LicensesFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
5️⃣ Ease of Use Rating5/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
⚙️ Trading PlatformsMT4, MT5, HFM Trading App
🚀 Open an Account
👉 Click Here

 

HFM

 

Islamic Account

The Zero Account is a swap-free, low-cost trading option. Notable features of the account include:

 

  • Spreads from 0 Pips on Forex and Gold
  • No Minimum Deposit Required
  • 50%/20% Margin Call/Stop Out
  • USD and ZAR Base Account Currency

 

In addition, a leverage of up to 1:2000 is offered.

 

Zero Account

 

Additional Account Options

Account options available include Cent, Pro, Pro Plus, and, Premium. Moreover, Swap-Free Options are available across all accounts. Aside from the Cent account which offers trading on Gold and Forex, CFDs on Forex, Metals, Energies, Stocks, and more, are available across all account options. Furthermore, no minimum deposit is required.

 

HFM Account Options

 

Pros and Cons

 

✅ Pros❌ Cons
Top-tier RegulationRegional constraints
Segregated Accounts for Client FundsInactivity fees

 

Pros and Cons

 

Our Insights

HFM is an excellent broker choice with account options suited to traders of all skill levels. Moreover, additional security measures such as the segregation of client funds ensure a safe trading environment.

 

eToro Review

 

eToro

With several regulations and a presence worldwide, eToro is an established Forex Broker that millions trust. In addition, eToro offers access to several account types: Personal, Professional, Corporate, and Islamic. Moreover, a minimum deposit of 50 USD/BDT 5484,86 is required.

 

🔎 Broker🥇 eToro
📈 Regulation and LicensesCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:400 (eToro Seychelles Ltd)
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum DepositFrom 10 USD (US)
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
💰 Fees and CommissionsSpreads from 1 pip, zero commission fees
🤝 Affiliate Program✅Yes
✖️ Banned CountriesCanada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria
📈 ScalpingNone
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Islamic Account

The eToro Islamic account offers access to Sharia-compliant, swap-free Forex Trading. To open an eToro Islamic Account a minimum deposit of 100 USD/BDT 10’969.71 must be made. Additionally, all assets are available for trade.

 

eToro Islamic Account

 

Additional Account Options

The eToro Retail or Personal account is the default account type on offer. Moreover, traders can trade all available assets, select copy trading, and, invest in smart portfolios. Furthermore, the minimum deposit required is 50 USD/BDT 548.49.

 

Additional Account Options

 

Pros and Cons

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle base currency

 

etoro Pros and Cons

 

Our Insights

eToro, according to our research, tops the list of broker choices in Bangladesh. The platform impresses with its social features and safe trading environment. However, it offers a limited selection of stocks and exchange-traded funds.

 

Pepperstone Review

 

Pepperstone

As a well-established Forex Broker with over 10 years of experience in the financial markets, Pepperstone has become a popular broker across the globe. Moreover, ASIC, FCA, and CMA regulate, and the Broker offers Standard, Razor, and Islamic accounts. Furthermore, Pepperstone sets no minimum deposit.

🔎 Broker🥇 Pepperstone
RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
📈 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
📉 Trading AccountsStandard Account
Razor Account
Professional Account
Demo Account
Islamic Account
📊 Trading PlatformsMetaTrader 4
MetaTrader 5
cTrader
TradingView
Myfxbook
Duplitrade
💴 Minimum DepositAU$200
💹 Trading AssetsForex
Indices
Shares
Commodities
Cryptocurrencies
Futures
Options
💵 USD-based Account✅Yes
💶 USD Deposits Allowed✅Yes
🎁 Bonuses for tradersNone
📌 Minimum spreadFrom 0.0 pips
🆓 Demo Account✅Yes
☪️ Islamic Account✅Yes
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Islamic Account

The Pepperstone Islamic Account offers the following notable features:

 

  • No Commissions
  • Hedging Allowed
  • Scalping Allowed
  • EAs Allowed

 

In addition, the minimum deposit set to open a Pepperstone Islamic Account is 200 USD/BDT 21939,42.

 

Pepperstone Islamic Account

 

Additional Account Options

Traders can choose a Razor or Standard account, with no minimum deposit set. Furthermore, both accounts offer MT4/MT5 and cTrader, with the Razor Option including TradingView.

 

Pepperstone Additional Account Options

 

Pros and Cons

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

 

Pepperstone Pros and Cons

 

Our Insights

We found Pepperstone’s forex fees to be low and competitive. Furthermore, the brokerage charges no inactivity and account fees, making it a viable broker choice for beginners.

 

RoboForex Review

 

RoboForex

With 12 years of experience in the industry, RoboForex is a multi-award-winning forex broker. Moreover, RoboForex is overseen by the FSC and provides negative balance protection and 24/7 Customer Support.

 

🔎 Broker🥇 RoboForex
💴 Minimum Deposit10 USD
💵 Inactivity FeeNone
💶 Base CurrenciesUSD, EUR
📈 SpreadsFrom 0.0 pips
📉 Leverage1:2000
🚀 Open an Account
👉 Click Here

 

RoboForex Overview

 

Islamic Account

The RoboForex Swap-Free option is available for cent and standard MetaTrader 4-based accounts. In addition, the minimum deposit required is 10 USD/ BDT 1096.97.

 

Roboforex Islamic account

 

Additional Account Options

Account options available from RoboForex include:

 

  • Prime
  • ECN
  • RStocksTrader
  • ProCent
  • Pro

 

Except for the RStocksTrader option, all account types require a minimum deposit of 10 USD

 

RoboForex Additional Account Options

 

Pros and Cons

✅ Pros❌ Cons
Low Minimum DepositLimited number of currency pairs
Well-regulatedSlow execution speeds
Copy trading availableLimited cryptocurrency selection

 

RoboForex Pros and Cons

 

Our Insights

RoboForex is deemed to provide optimal trading conditions, user-friendly platforms, and robust client fund security, according to our view.

 

ThinkMarkets Review

 

ThinkMarkets

Authorised and regulated by the Financial Conduct Authority (FCA), ThinkMarkets provides quick and easy access to a wide range of markets including forex, CFDs on equities, commodities, indices, futures, and more. In addition, trading Platforms on offer include MT4/MT5, Think Portal, and, ThinkTrader.

 

🔎 BrokerThinkMarkets
💶 Min. Deposit500 USD
📉 Spreads (from)0.0 Pips
📈 Mini Account ✅Yes
☪️ Islamic Account✅Yes
💹 Standard Account✅Yes
⏩ Trading PlatformsMT4, MT5, ThinkPortal, ThinkTrader
🚀Open an Account👉 Click Here

 

ThinkMarkets Overview

 

Islamic Account

An Islamic Account at ThinkMarkets does not incur swap/rollover charges on overnight positions. The support team can be contacted to open a Swap Free account after choosing between a Standard, ThinkZero, or Mini account type.

 

ThinkMarkets Islamic Account

 

Additional Account Options

ThinkMarkets offers Account Types, which include Standard, ThinkZero, and Mini. Spreads vary from 0 Pips and have no minimum deposit for Standard and Mini Accounts. The ThinkZero Account requires a minimum deposit of 500 USD/BDT 54,848.55.

 

ThinkMarkets Additional Account Options

 

Pros and Cons

✅ Pros ❌ Cons
Narrow market spreadsNo Cent Accounts
Low min. DepositNo Bonus Offers

 

ThinkMarkets Pros and Cons

 

Our Insights

ThinkMarkets has proven to be an excellent choice for beginners interested in Social Trading. They offer a proprietary trading platform that is outstanding.

 

Tickmill Review

 

Tickmill

By offering superior trade conditions and ultra-fast execution, Tickmill sets itself apart from competitors. Tickmill Group entities are regulated across 5 Jurisdictions, including FCA, CySEC, and FSA. Furthermore, Client funds are kept in segregated accounts, coupled with fund insurance.

🔎 Broker🥇 Tickmill
💴 Minimum Deposit$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips on the Pro and VIP Accounts
📉 Leverage1:500
💶 Currency Pairs62, major, minor, and exotic pairs
📊 Scalping✅Yes
💹 Hedging✅Yes
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, Tickmill App
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

Tickmill Overview

 

Islamic Account

The Tickmill Islamic Account is a Swap-Free account with no swap or rollover interest on overnight positions. The Swap-Free account offers the same trading conditions and terms as the regular Tickmill trading account types.

 

Tickmill Islamic Account

 

Additional Account Options

Forex and CFD Accounts offered by Tickmill include Classic and Raw. Available Base Currencies are USD, EUR, GBP, ZAR, and the minimum deposit set is 100 USD/ BDT 10’969.71. All strategies are allowed.

 

Tickmill Additional Account Options

 

Pros and Cons

✅ Pros❌ Cons
Low forex feesBasic news feed
Easy account openingFew account base currencies
Free deposit and withdrawalNo two-step login

 

Tickmill Pros and Cons

 

Our Insights

From our perspective, Tickmill offers the best all-round package. It provides account types catering to various trading experience levels. However, its customer support falls short.

 

Eightcap Review

 

EightCap

EightCap, established in Australia and regulated in multiple jurisdictions, offers professionals the chance to trade on 800+ CFD markets with TradingView integration.

🔎 Broker🥇 Eightcap
⚖️ Regulation and LicensesCySEC, SCB, ASIC, FCA
🪪 Ease of Use4/5
📞 Support Hours24/5
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, TradingView
🛍 Account TypesStandard, Raw, TradingView
🤝 Base CurrenciesAUD, USD, EUR, GBP, NZD, CAD, SGD
📊 SpreadsFrom 0.0 pips
📈 Leverage1:500
💸 Currency Pairs45; major, minor, and exotic pairs
💳 Minimum Deposit100 USD
🚫 Inactivity FeeNone
🗣 Website LanguagesGerman, English, Spanish, French, Italian, Portuguese, Thai, Vietnamese, Chinese, Indonesian
💰 Fees and CommissionsSpreads from 0.0 pips, commissions from $3.5 per side
✅ Affiliate Program✅Yes
🏦 Banned CountriesUnited States, North Korea, Iran, etc.
✔️ Scalping✅Yes
📉 Hedging✅Yes
🎉 Trading InstrumentsForex, commodities, indices, shares, cryptocurrencies
🚀Open an Account👉 Click Here

 

EightCap Overview

 

Islamic Account

No clear mention is made of an EightCap Islamic, Swap-Free Account.

 

Eightcap islamic account

 

Additional Account Options

The account types offered by EightCap include Raw, Standard, and TradingView. The minimum deposit for all accounts is USD 10/ BDT 10’969.71. Spreads may vary, and scalping is permitted for all.

 

EightCap Additional Account Options

 

Pros and Cons

✅ Pros❌ Cons
Low forex feesSlim product selection
Quick account openingLimited research and education

 

Eightcap Pros and Cons

 

Our Insights

With low trading fees, free deposits, and, no inactivity fee, EightCap has the lowest Forex Fees amongst Australian-Based Forex Brokers. However, research, education, and customer support are basic.

 

Our Insights Eightcap

 

Is Forex Trading Legal in Bangladesh?

Forex Trading is legal and well-regulated in Bangladesh. Moreover, Forex Brokers accepting Bangladeshi Traders fall under the regulatory authority of the Bangladesh Securities and Exchange Commission.

 

Is Forex Trading Legal in Bangladesh?

 

In Conclusion

Islamic and Standard account options are now available through multiple top Forex Brokers in Bangladesh. Moreover, Forex Trading is an increasingly popular and Halal activity for Muslim and Non-Muslim Traders.

 

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

 

Our Insights

In the process of reviewing the Best Forex Brokers that accept Bangladeshi Traders, we found 7 excellent options. In addition, each broker has its list of Benefits, ranging from Education and Research to Multilingual Customer Support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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FAQs

Forex Trading is Legal and Regulated in Bangladesh.

The country’s financial markets are regulated by the Bank of Bangladesh.

Any income made from Forex Trading is subject to Taxation in Bangladesh.

Bangladesh imposes leverage and margin trading restrictions to minimize potential risks.

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