Best Forex Trading Platforms In Bangladesh 2024

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Michael MacKenzie
Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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Forex traders in Bangladesh are increasingly turning to online brokers to speculate on Bangladeshi takas (BDT) amongst other currencies. Yet with few brokers registered with the Bangladesh Securities and Exchange Commission (BSEC), many locals turn to trusted overseas forex trading platforms.

Explore our list of the best forex brokers in Bangladesh to find the platforms that have outpaced competitors in our exhaustive tests of their trust ratings, investment offerings, trading tools, pricing, and convenient account funding in Bangladeshi takas.

5 Top Forex Brokers In Bangladesh

After years of evaluating forex trading platforms, these 5 emerge as the best for forex traders in Bangladesh:

  1. Exness - An impressive range of around 100 forex pairs are available, more than most other brands. Spreads on major pairs are also tight, from 0.1 pips. Additionally, the broker offers an excellent suite of forex analysis tools, including market news by FXStreet.
  2. Vantage - Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.
  3. IC Markets - IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot.
  4. AvaTrade - AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education.
  5. FOREX.com - FOREX.com continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets.

Best Forex Trading Platforms In Bangladesh 2024 Comparison

Best Forex Trading Platforms In Bangladesh 2024 Comparison
Broker Forex Assets EUR/USD Spread Forex App Rating Minimum Deposit Regulator Visit
Exness logo
97 0.0
$10 FSA, CySEC, FCA, FSCA, FSC, CBCS Visit
Vantage logo
55+ 0.0
$50 FCA, ASIC, FSCA, VFSC Visit
IC Markets logo
75 0.02
$200 ASIC, CySEC, FSA Visit
AvaTrade logo
50+ 0.9
$100 ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM Visit
FOREX.com logo
80+ 1.2
$100 NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA Visit
Pepperstone logo
100+ 0.1
$0 FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB Visit
XM logo
55+ 1.6
$5 ASIC, CySEC, DFSA, FSC, FSCA Visit
Eightcap logo
50+ 0.0
$100 ASIC, FCA, xCySEC, SCB Visit
PrimeXBT logo
45+ Variable
$0 - Visit
IQ Option logo
60+ 14 pips
$10 - Visit
IG logo
80+ 0.8
$0 FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA Visit
FxPro logo
70+ 1.58 pips (Ave)
$100 FCA, CySEC, FSCA, SCB, FSC Visit
FXCC logo
70+ 0.2
$0 CySEC Visit
XTB logo
70+ 1.0
$0 FCA, CySEC, KNF, CNMV, DFSA, FSC Visit
Plus500 logo
60+ 0.6
$100 FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA Visit

#1 - Exness

Why We Chose Exness

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."

- DayTrading Review Team
  • GBPUSD Spread: 0.1
  • EURUSD Spread: 0.0
  • EURGBP Spread: 0.4
  • Total Assets: 97
  • Leverage: 1:2000
  • Platforms: Exness Trade App, MT4, MT5, TradingCentral

#2 - Vantage

Why We Chose Vantage

Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.

"Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."

- DayTrading Review Team
  • GBPUSD Spread: 0.5
  • EURUSD Spread: 0.0
  • EURGBP Spread: 0.5
  • Total Assets: 55+
  • Leverage: 1:500
  • Platforms: ProTrader, MT4, MT5, TradingView, DupliTrade

#3 - IC Markets

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

- DayTrading Review Team
  • GBPUSD Spread: 0.23
  • EURUSD Spread: 0.02
  • EURGBP Spread: 0.27
  • Total Assets: 75
  • Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade

#4 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • GBPUSD Spread: 1.5
  • EURUSD Spread: 0.9
  • EURGBP Spread: 1.5
  • Total Assets: 50+
  • Leverage: 1:30 (Retail) 1:400 (Pro)
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade

#5 - FOREX.com

Why We Chose FOREX.com

Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

- DayTrading Review Team
  • GBPUSD Spread: 1.3
  • EURUSD Spread: 1.2
  • EURGBP Spread: 1.4
  • Total Assets: 80+
  • Leverage: 1:400
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral

How We Rate Forex Brokers In Bangladesh

We prioritize the following factors when comparing forex brokers, and recommend you do also:

Trust

Only trade currencies with trusted brokers to protect yourself from the ever-present risk of forex scams.

This is essential given that forex traders in Bangladesh have been targeted by online scammers in recent years, with one notorious outfit, Metaverse Foreign Exchange Group, disappearing with 20,000 crore BDT ($1.8 million) in 2023.

The scammers posed as a Shariah-compliant forex trading app that lured investors with promises of “unusually high returns”, according to the Daily Star.

Our recommendation is to choose a broker authorized by a respected regulator with many years in the industry – this is the best sign a firm can be trusted.

Since Bangladesh’s regulators don’t actively license forex brokers, you may want to consider a trading platform licensed by ‘green-tier’ regulators based elsewhere, such as the ASIC in Australia and the FCA in the UK.

  • Vantage has earned our trust with its dedication to providing transparent forex trading conditions for 15+ years, alongside authorization from two top-tier regulators (ASIC and FCA).

Currency Pairs

Choose a platform that offers trading on the currency pairs you’re interested in.

For Bangladeshi traders, this may be forex assets containing Bangladeshi takas (BDT), such as the USD/BDT, though our experience evaluating hundreds of brokers shows these are not commonly offered.

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Instead, regional currencies like Indian rupees (INR), Thai baht (THB) and Singapore dollars (SGD) are more widely available, providing opportunities for skilled traders.
  • Exness offers a superb selection of currency pairs, including those that may be of interest to traders in Bangladesh, with 10 containing the SGD and THB.

Pricing

Pick a forex trading platform with great pricing, especially if you’re a day trader.

Our experts frequently analyze trading fees on popular currency pairs, weighing minimum and average spreads where practical, alongside commissions and additional fees, for example, conversion costs if depositing Bangladeshi takas to an account based in another currency.

Then we balance these with the quality of the overall forex trading environment, from educational resources to tools that provide insights into central bank decisions that could influence the value of currencies in the region.

Foreign exchange rates for Bangladesh Takas on TradingView
TradingView – BDT Forex Rates
  • IC Markets continuously impresses with its market-leading pricing, offering forex spreads from 0.0 pips in its Raw account and low $3.50 commissions (great for experienced day traders). Its lightning-fast execution speeds that average 35 milliseconds also provide an advantage to active traders – helping to secure optimal prices in volatile foreign exchange markets.

Forex Platforms

Select a platform and/or app that you like using with the tools you need to analyze currency pairs, notably excellent charting features if you’re forex day trading.

MetaTrader 4 and MetaTrader 5 have dominated the platform landscape for years, though alternative solutions, from in-house software to other third-party terminals are increasingly delivering a superior user experience, especially for beginners, alongside excellent trading tools.

I particularly love the user-friendly design and straightforward navigation of TradingView.

It’s also stacked with helpful features – you can filter to ‘Bangladesh’ and find current BDT rates, plus economic indicators like GDP, interest rates, inflation rates, and unemployment rates, which can influence currency values.

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Michael MacKenzie
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  • FOREX.com offers a fantastic selection of platforms and apps to suit forex traders at every level. There’s MT4, MT5, TradingView and a user-friendly web trader, all providing extensive charting and technical analysis tools for day traders. Additionally, there are less common services like AutoChartist and Trading Central with pattern recognition scanners and in-depth market insights.

Account Funding

Select a forex broker that makes it easy and affordable to fund your trading account with BDT.

Digital payment methods are increasingly supported by forex trading platforms, from global solutions like Skrill to M-Pesa, which expanded its presence in Bangladesh in 2023, according to Tekedia.

The Daily Sun also reports that the Bangladeshi government and central bank are promoting digital payment methods in a drive for financial inclusion, and according to Statista, these payments are projected to rise by 11.7% per year.

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With around 91% of the Bangladeshi population Muslim, you may want to consider an Islamic account. These should not incur or charge interest on forex trades.
  • Exness offers convenient, affordable account funding with a 10 USD minimum deposit, around 1,100 BDT.  It’s also one of the only forex brokers we’ve tested to offer a BDT account, providing a tailored forex trading experience for Bangladeshis.

Methodology

To rank the best forex trading platforms in Bangladesh we took our close to 500 database of online brokers, identified those accepting Bangladeshi traders and sorted them by their rating, which takes into account key areas, such as:DayTrading.com broker testing methodology overview

  • Established brand with regulatory oversight if not Bangladesh’s BSEC.
  • Good range of currency pairs, providing diverse trading opportunities.
  • Competitive pricing, notably for short-term forex traders.
  • Intuitive and powerful forex platforms following testing.
  • Convenient and affordable funding options.

FAQ

There are no laws prohibiting Bangladeshis from trading forex with legitimate brokers. Although there are restrictions governing the purchase and sale of foreign currencies, these generally refer to sending money out of the country or dealing foreign currencies as an exchange office or bank.

Nevertheless, we recommend staying up to date on the latest regulations by following announcements from the Bangladesh Securities and Exchange Commission (BSEC)Financial Reporting Council Bangladesh (FRCB), and Bangladesh Bank.

Also, ensure you are aware of your tax obligations by checking in with the National Board of Revenue and talking to a financial advisor.

Who Regulates Forex Trading In Bangladesh?

Several bodies oversee the financial markets, such as foreign exchange trading, in Bangladesh, notably the Bangladesh Securities and Exchange Commission (BSEC)Financial Reporting Council Bangladesh (FRCB), and Bangladesh Bank.

That said, they have not set up a robust framework to oversee online forex brokers, especially compared to many Western nations.

How Much Money Do I Need To Trade Forex In Bangladesh?

Each forex broker sets its minimum initial deposit, but out of the hundreds we’ve reviewed very few platforms require more than 250 USD, around 27,000 BDT.

That said, some forex trading platforms accepting Bangladeshi traders, notably Pepperstone, have no minimum deposit alongside great educational tools, making it a great option for aspiring traders.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com