In this guide, we go over the best trading platforms in Bangladesh. We have analysed 174 brokers and evaluated their platforms in 8 major categories. We measured all aspects of their service including trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education, customer support and islamic account options.
Trading platforms that reached the highest scoring are considered in the following list:
Top 5 Trading Platforms in Bangladesh
- eToro – Leading Broker For Copy Trading
- Interactive Brokers – Great Overall Pick
- Saxo Bank – Best Platform For High Volume Traders
- Forex.com – Best Forex Trading Platform
- IQ Option – Best Platform For Investors and Traders
Best Online Trading Platforms Bangladesh
|PLATFORM||SCORE||GENERAL INFO||MINIMUM DEPOSIT|
|#1||eToro||4.9||Leading Broker For Copy Trading||$200|
|#2||Interactive Brokers||4.9||Great Overall Pick||$0|
|#3||Saxo Bank||4.9||Best Platform For High Volume Traders||$10.000|
|#4||Forex.com||4||Best Forex Trading Platform||$100|
|#5||IQ Option||4.7||Best Platform For Investors and Traders||$10|
Below section breaks down the best trading platforms in Bangladesh, beginning with the highest rated…
01. eToro: Leading Broker For Copy Trading
eToro is the industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.
As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat in Arabic and English.
eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.
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: Great Overall Pick
Interactive Brokers is a great overall pick. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
03. Saxo Bank: Best Platform For High Volume Traders
Saxo Bank finishes our list offering the best platform for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers to and a diverse portfolio of investment options.
Traders who want to trade in accordance to the Sharia Law can open up an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guarantee satisfying answers.
04. Forex.com: Best Forex Trading Platform
Forex.com finishes up on forth place with the best forex trading platform. Their multi-asset, features-rich trading platform offers a wide range of proprietary platforms, advanced social trading features and great asset coverage. Forex.com offers trading on over 4500 different CFDs as stock, cryptos, currencies and access to 5500 tradable symbols overall.
Their overall great offer makes this forex and CFD broker a good choice for traders at all levels.
05. IQ Option: Best Platform For Investors and Traders
IQ Option is the overall best online trading platform for investors and traders. Their winning offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in 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 criteria to consider when choosing a trading platform in Bangladesh include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.
Fees: Choose a broker with a transparent fee structure and avoid brokerage accounts with high fees on trades, overnight fees and hidden fees. Commission and spread fees are common with Bangladesh brokerage accounts. Spreads should vary between 0.03% to 0.5% depending on your trading volume.
Trading platforms: They should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.
Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions. Choose mobile platforms with full-screen charting options and social feeds.
Deposit & Withdrawal: Deposit and withdrawal needs to be fast and simple. Choose an broker that offers your preferred payment method and industry leading commission and fee structures.
Assets: Look for coverage of preferred assets. Bangladesh traders are allowed to access all tradable asset classes including forex, stocks, indexes, options, FOPs, commodities, futures, indices, bonds, swaps, mutual funds, hedge funds, spot gold, ETFs and cryptos.
Regulation: Brokers with top-tier licenses follow strict rules enforced by a trustworthy regulators and offer high security standards. We recommend users to choose platforms with FCA, CySEC, and ASIC licenses and tier one regulations.
Research & education: Beginner and average traders and investors should choose a broker with research and education tools including: weekly webinars, daily news updates, personal account manager, personal training and room access.
Customer support: Beginner traders should look out for responsive and professional customer support available in their language.
*Islamic Accounts: All platforms from our list offer islamic account options. This gives users the chance to trade online in compliance to the Sharia law.
Online Trading In Bangladesh
All online trading in Bangladesh is done through two major stock exchanges: The Dhaka Stock Exchange and the Chittagong Stock Exchange. A total of 613 stocks of Bangladeshi companies are listed at these exchanges and they are open from Sunday to Thursday from 20:00 am to 2:30 pm BST.
Online Trading Regulation
All online trading exchanges and brokers are regulated by the Bangladesh Securities and Exchange Commission (BSEC). The BSEC is part of the Ministry of Finance in Bangladesh. They oversee the trading companies operating in Bangladesh by providing fair trade practices and by prohibiting fraudulent practices and insider trading.
Companies must apply for a license at the BSEC to be able to offer trading and investment services to Bangladeshi citizens. To check whether a Bangladeshi broker has a valid license, you can check the Registered Entities section on the official website of the Bangladesh Securities and Exchange Commission. If you are trading with a broker or exchange that isn’t based in Bangladesh, we recommend checking if they are licensed by regulatory bodies like the FCA, ASIC, FINRA, CYSEC, or BaFIN. All our recommended brokers are licensed by top-tier 1 regulators.
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 a responsive customer support.
Interactive Brokers is the second best trading platform for Bangladesh residents, because of their low fees, advanced trading tools, copy trading features and a 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.
Are There Commission-Free Trading Platforms In Bangladesh?
Yes, there are trading platforms available in Bangladesh that offer 0% commission trading like eToro.
How Much Should I Invest When Trading Online in Bangladesh?
You should always invest at least the minimum deposit amount Bangladesh and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Bangladesh?
Yes, crypto trading is available to Bangladesh citizens. The leading trading platforms offer Bitcoin trading via CFDs.
How To Check If A Trading Platform Has a Valid License?
You can check if a broker has a valid operating license on the BSEC official website.
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.
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.
If you liked this article then also read:
- Saudi Arabia
- 1 Top 5 Trading Platforms in Bangladesh
- 2 Best Online Trading Platforms Bangladesh
- 2.1 01. eToro: Leading Broker For Copy Trading
- 2.2 02. Interactive Brokers: Great Overall Pick
- 2.3 03. Saxo Bank: Best Platform For High Volume Traders
- 2.4 04. Forex.com: Best Forex Trading Platform
- 2.5 05. IQ Option: Best Platform For Investors and Traders
- 2.6 How To Pick The Right Platform?
- 2.7 Online Trading In Bangladesh
- 2.8 Online Trading Regulation
- 2.9 Licence Verification
- 3 Conclusion