Bangladeshi Forex brokers specifics

Situated as a neighboring country to both India and Pakistan, the People's Republic of Bangladesh has undergone a remarkable transformation over the years, emerging as a swiftly growing economy within the region. The official currency is the Bangladeshi Taka, while Bengali, also known as Bangla, serves as the official language, and Islam stands as the predominant religion. As of 2022, Bangladesh proudly boasts the second-largest foreign exchange reserves in South Asia. Since attaining its independence, the nation has undergone profound changes and reforms, evident in key statistics: the poverty rate plummeted from 80% in 1971 to a mere 12.9% in 2021, and the literacy rate reached 74.66% in 2022. In the realm of forex trading, Bangladesh Forex brokers are required to adhere to the regulations and guidelines established by its central bank, the Bangladesh Bank, overseeing the nation's financial institutions and activities. Forex trading for individuals and businesses within Bangladesh is exclusively conducted through authorized dealers, encompassing commercial banks and licensed financial institutions under the auspices of the Bangladesh Bank. For Bangladeshi traders seeking a secure trading environment, this comprehensive list highlights the best Forex brokers in Bangladesh.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.54
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Platforms
MT4, MT5
9.36
AvaTrade read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
RoboForex read review
MT4MT5cTraderDeposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
FSC Belize
Platforms
MT4, MT5, cTrader +1 more
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.82
Fortrade read review
MT4No deposit bonusCopy tradingPAMMSignals
Regulations
ASIC, CySEC, FCA UK +2 more
Platforms
MT4, Custom
8.64
Pepperstone read review
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.28
MT4MT5Copy tradingHigh leveragePAMM
Regulations
CIMA, CySEC, FCA UK
Platforms
MT4, MT5
8.10
easyMarkets read review
MT4MT5Copy tradingHigh leverage
Regulations
ASIC, CySEC, FSA Seychelles +1 more
Platforms
MT4, MT5, TradingView +1 more
Positioned as South Asia's second-largest economy, Bangladesh has achieved notable milestones since gaining independence in 1971, including significant reductions in poverty, universal school enrollment, and increased women's workforce participation. The country's growth trajectory was propelled by reforms in the 1990s, augmented by energy investments and a receptive attitude toward industrial development. The vibrant private sector significantly contributes to the nation's GDP, accounting for 80%. Trusted Forex brokers in Bangladesh are all subject to stringent regulation by the Bangladesh Bank, reflecting a robust authority. Locally regulated brokers are subject to a maximum leverage ratio of 1:10 for their retail traders, a more conservative threshold compared to more established regulatory bodies. While this lower leverage threshold aims to safeguard investors from overleveraging, a noteworthy gap emerges in the form of non-existent compensation policies outlined by the Bangladesh Bank in cases of broker insolvency. While Bangladesh has commendably tackled poverty reduction and educational advancement, the country's forex regulations are marred by the absence of a comprehensive and well-designed regulatory framework. This lack of clarity presents a significant hurdle for retail traders seeking entry into financial markets. Consequently, the imposed restrictions on maximum leverage by leading forex brokers in Bangladesh appear unduly constraining, highlighting a potential avenue for improvement.

FAQs about Bangladesh