Best Trading Platform in Bangladesh

0
Regal Wallet Banner

In this guide, we offer details about the best trading platforms in Bangladesh. We have analyzed 174 brokers and tested their platforms based on 8 categories. We evaluated all aspects of their offering, including platforms, costs, mobile trading, deposits & withdrawals, asset portfolio, licenses, customer service, tools, and Islamic account options.  

Platforms with the highest scoring are below.  

Top 5 Trading Platforms in Bangladesh

best-trading-platform-bangladesh
  1. eToro – Leading Broker For Copy Trading
  2. Interactive Brokers – Great Overall Pick
  3. Saxo Bank – Best Platform For High Volume Traders
  4. Forex.com – Best Forex Trading Platform
  5. IQ Option – Best Platform For Investors and Traders

Best Online Trading Platforms Bangladesh

PLATFORMSCOREGENERAL INFOMINIMUM DEPOSIT
#1eToro4.9Leading Broker For Copy Trading$200
#2Interactive Brokers4.9Great Overall Pick$0
#3Saxo Bank4.9Best Platform For High Volume Traders$10.000
#4Forex.com4Best Forex Trading Platform$100
#5IQ Option4.7Best Platform For Investors and Traders$10


The section below breaks down the best trading platforms in Bangladesh, beginning with the highest-rated…

01. eToro: Best Trading Platform Overall  

etoro-rating

eToro is the industry leader in social trading services and platforms. It offers cutting-edge copy trading platforms with excellent tools and features. eToro allows traders to copy portfolios and trades from advanced traders.

This is a multi-asset broker with a comprehensive portfolio. It offers many assets, including forex, cryptocurrencies, indices, and stocks. eToro has free deposits and a low account minimum. It charges conversion and inactivity commissions. eToro is a preferred choice for traders at any level.

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


02. Interactive Brokers: Best Trading Platform With Global Market Access  

interactive-brokers-rating

Interactive Brokers is an excellent choice for beginner and advanced traders. It has a proprietary trading platform, Global Trader, with entry-level services. It offers intuitive and user-friendly services for forex traders.

Seasoned traders choose Interactive Brokers because of its extensive selection of professional tools and order type configurations. The Trader Workstation desktop platform offers a professional interface and a valuable asset portfolio.


03. Saxo Bank: Best Platform For High Volume Traders  

saxo-bank-rating

Saxo Bank is a popular premium broker for high-volume traders. It offers high-trusted services and an industry-leading trading platform. The Saxo Bank platform is feature-rich, simple to use, and offers competitive margin rates.

This broker has an expensive minimum deposit of $10,000. It offers in-house market data and research and access to top-tier third-party providers. Saxo Bank has an impressive portfolio of investment solutions and professional customer service.


04. Forex.com: Best Forex Trading Platform  

forex-com-rating

Forex.com is a leading forex trading broker with outstanding mobile trading experience. It provides access to a multi-asset platform and advanced social trading tools. Forex.com has excellent asset coverage with access to forex, crypto coins, and currencies.

This online broker has top-tier licenses and follows strict rules. It is a top choice for intermediate and experienced forex traders. Forex.com offers useful forex trading learning tools and market data.


05. IQ Option: Best Platform For Virtual Trading  

iq-option-rating

IQ Option is the overall best online trading platform for investors and traders. Their winning offer consists of low spreads, a sophisticated trading platform, a free demo account option, and responsive customer support in the English language. They offer Islamic accounts and copy trading in the Arabic language which allows you to copy portfolios from seasoned investors and traders.

IQ Option is a trustworthy and reliable market maker broker commissioned by CySEC and subject to the highest standards of regulation in the industry. Options trading is no longer available.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK


How To Pick The Right Platform?

The main characteristics to consider when picking a platform in Bangladesh include trading costs, apps, trading platforms, deposits & withdrawals, portfolios, liquidity, safety, and customer support.

Fees: Select a broker with a transparent fee structure and avoid accounts with high fees on trades, hidden costs, and overnight fees.  

Trading Platforms: A Bangladeshi platform must be intuitive and offer access to standard tools and indicators. We recommend you consider a platform with built-in market data.

Mobile Trading: Mobile trading apps are a must and need to offer the same services as their web versions. Select an app with social feeds, learning tools, full-screen charting options, and live market updates.  

Deposit & Withdrawal: Deposit and withdrawal need to be user-friendly and offer access to transparent commission structures. Pick a brokerage firm that has your preferred funding method and competitive fees.  

Assets: Search for coverage of preferred assets. Traders in Bangladesh get access to most tradable assets, including indices, options, forex, stocks, and cryptos.

Regulation: Online brokers with top-tier licenses follow strict rules under trustworthy regulators. Using platforms with tier-one licenses and FCA, ASIC, and CySEC licenses is best.  

Research & Education: New and average traders should select a broker with comprehensive research and education tools. It is best to have access to webinars, market updates, personal training, and demo accounts.  

Customer Support: All traders need to have access to reliable customer service. Choose a provider with knowledgeable and responsive support available in your language.

*Islamic Accounts: All platforms from our list offer Islamic account options. This gives users the chance to trade online in compliance to Sharia law.

Regulation Of Trading Platforms In Bangladesh  

The Bangladesh Securities and Exchange Commission (BSEC) oversees all trading and financial regulations in Bangladesh. It supervises brokers’ licenses and additional financial service providers. The BSEC ensures all relevant rules and regulations are followed.

License Verification  

You can check the license of an online broker by looking on the official website of the BSEC. Access the documents menu and search for the name of the brokerage firm. If the broker has its headquarters outside Bangladesh, you will have to verify the official website of CySEC, BaFIN, FINRA, or FCA. Check their database of Registered Entities. If the search doesn’t offer any results, you might be dealing with a broker that doesn’t have a license.

Conclusion

Based on our review, we consider eToro as the best trading platform for Bangladesh residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features, and responsive customer support.

Interactive Brokers is the second-best trading platform for Bangladesh residents, because of its low fees, advanced trading tools, copy trading features, and responsive customer support. Saxo Bank, Forex.com and IQ Option are finishing up our list of top platforms with a great overall offer and above-average ratings.

FAQ

Are There Commission-Free Brokers In Bangladesh?

Yes, many brokers in Bangladesh offer commission-free trading services.  

How Much Should I Invest When Day Trading In Bangladesh?  

We recommend you start with the minimum deposit amount when day trading in Bangladesh. Verify the broker’s fee policy before trading.

How To Verify If A Platform Or Broker Has A Valid License?  

To check a license, you should access the Registered Entities databases on regulator websites such as FINRA, ASIC, FCA, or CySEC.  

Is Crypto Trading Available In Bangladesh?  

Yes, crypto trading is available in Bangladesh. Secure brokerage firms provide access to cryptocurrency trading via CFDs.   

Do Citizens In Bangladesh Face Online Trading Risks? 

Online trading has many risks. Day trading in Bangladesh is legal. We recommend you use an app or platform with top-tier licenses. Secure licenses for brokerage firms are from the FCA, ASIC, and CySEC. The platforms in our review follow strict rules.   

Which Trading Platform Is Most Profitable?  

Ranking the most profitable trading platform is done based on your trading needs and experience. Many trading styles require specific platform functionalities and tools. We recommend you use a platform with access to premium research and education tools.   

Are Trading Apps Safe?  

Yes, most online brokers offer mobile apps that use industry-leading safety protocols. These provide the same trading services and safety protocols as their web versions. A one-time password and a user ID are required to use your account from a mobile device.   


Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Previous articleBest Trading Platform in Azerbaijan
Next articleBest Trading Platform in Bermuda
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

LEAVE A REPLY

Please enter your comment!
Please enter your name here