10 Best Forex Brokers For Bangladeshi Traders Using Local Banks

In this article I will analyze top forex brokers for Bangladeshi traders focusing on local bank integration with safe trading, competitive spreads and local bank deposit/withdrawal convenience.

For Bangladeshi traders a broker can make the difference when it comes to seamless transactions, fund transfer speed, and overall trading reliability in the global forex market.

Key Points & Best Forex Brokers For Bangladeshi Traders Accepting Local Banks

Broker	Key Point
Eightcap	Low spreads and strong MT4/MT5 support
XM Group	Wide range of account types and bonuses
OctaFX	Popular in Bangladesh with BDT deposits
IUX	User-friendly platform with fast execution
FP Markets	ECN pricing and advanced trading tools
STARTRADER	Flexible leverage and multi-asset options
Deriv	Strong reputation for binary and forex trading
FxPro	Well-regulated broker with global reach
eToro	Social trading and copy-trading features
BlackBull Markets	High liquidity and 26,000+ markets

10 Best Forex Brokers For Bangladeshi Traders Accepting Local Banks

1. Eightcap

Eightcap is an internationally recognized forex and CFD broker. It is already well-known and respected around the globe with traders and is regulated by various authorities.

It has more than 40 forex pairs with competitive spread and quick execution. They support popular trading platforms like MT4, MT5, and TradingView.

Payments can be made by credit/debit card, ewallets (such as Skrill and Neteller), and bank wires, but Bangladeshis may have local bank-to-broker transfer issues due to 3rd party banking integrations.

Eightcap is good for beginner and intermediate forex traders because of their research tools, professional structure, and ease of use.

Eightcap Features

• Regulated Broker: Eightcap is licensed in 7 different global jurisdictions, which means they are legally bound to consumer protection policies which enhances the trust and safety in the service they are providing.
• Competitive Spreads: Eightcap has very tight spreads on all major forex pairs which lowers the cost on trading and optimizes profit for their customers.
• Multi-Platform Support: Eightcap uses both MetaTrader 4 and MetaTrader 5 in addition to their own trading platform, which provides customers with charting, automated trading and advanced analytics.
• Fast Execution: With execution speeds suitable for scalpers and active traders, Eightcap provides traders with the ability to buy and sell at the best prices available.

Pros	Cons
Regulated in multiple jurisdictions	Local bank deposit support may not be direct
Competitive spreads on forex	Less beginner-focused education
Supports MT4 & MT5	Fewer local promotions for Bangladesh
Fast execution speed	Limited local language support

2. XM Group

XM Group is yet another internationally accepted forex broker that has also traded with clients from Bangladesh and other countries.

They offer multiple CFDs and currency pairs with low minimum deposits and flexible accounts. They provide MetaTrader 4 and 5, which are very popular trading platforms with good analytics and customization capabilities.

They are also good for beginners since they offer webinars and other educational tools. They don’t seem to have direct local bank deposits for Bangladesh at the moment, most clients use international bank transfers or e-wallets to fund their accounts.

XM Group Features

• Low Minimum Deposit: XM provides the traders with the ability to start small to gain some experience before funding trading with a bigger amount.
• Flexible Account Types: Traders can choose from a Micro, Standard, and XM Ultra Low accounts and may later on upgrade.
• Wide Range of FX Pairs: XM promotes their services with a lot of currency pairs which are divided in 3 categories: major, minor and exotic currencies.
• Education & Research: XM is offering its users with tutorial sessions on the trading platform along with live webinars and market daily analysis.

Pros	Cons
Low minimum deposit	Local bank transfers may be limited
Wide range of forex pairs	Some fees on international wire transfers
Great educational resources	No proprietary platform
Multiple account types	Leverage limits for newbies

3. OctaFX

OctaFX is quite popular among Bangladeshi Forex traders due to its ease of use and favorable trading conditions.

For more experienced traders, OctaFX can integrate MT4 and MT5, and is generally reputable for providing low spreads and good customer support.

OctaFX is also able to accept bank deposits from Bangladeshi banks. For example, traders can use their DBBL or City Bank accounts to deposit funds, and therefore do not have to make

international money conversions, which is a great feature for Forex traders. Together with its good educational resources, OctaFX is a good option for novice and more experienced traders.

OctaFX Features

• Promos & Bonuses: For additional growth and customer retention, OctaFX has local trading contests and promotions.
• Local Bank Transfers: OctaFX enables users from Bangladesh to connect their domestic payment systems and make bank transfers.
• Beginner-Friendly Platforms: Customers have the ability to choose between the MT4, MT5 and mobile applications.
• Low or Zero Commission: Customers are offered accounts that have 0 commissions and low spreads, thus, balancing the services that are provided with the payment made.

Pros	Cons
Supports local bank deposits	Spreads can widen during news
Good for beginners	Fewer advanced tools than big brokers
Bonus & promo offerings	Limited non-forex instruments
User-friendly platforms	Withdrawal times can vary

4. IUX

IUX offers a modern multi asset trading platform with low spreads on forex and CFD trading as well as multiple account options including MetaTrader 5 and proprietary web and mobile trading apps.

They are regulated in multiple jurisdictions and support a range of instruments, from currency pairs to commodities, indices, and stocks.

With a low minimum deposit, IUX is a good choice for new traders. Although they are not as well known as some larger brokers

IUX focuses on fast order execution, low costs, and transparent pricing. Support for local deposits from Bangladeshi banks is limited, so traders tend to use international wire transfers or e-wallets for funding.

IUX Features

• Affordable Trading: Trading fees are lowered due to small spreads and lower commission rates.
• Diverse Investment Opportunities: Trade in foreign exchange, indices, and metals.
• Tools for Trading: Trading interfaces are available in web and mobile versions, and MT5.
• Flexible Payment: Bank and e-wallet transfers are supported (depending on local banks).

Pros	Cons
Low spreads and fees	Newer broker with smaller reputation
Flexible platforms	Local bank funding options vary
Easy account opening	Fewer research tools
Multiple assets beyond forex	Customer support responsiveness varies

5. FP Markets

FP Markets is a global broker based in Australia offering forex and CFDs with tight spreads and various accounts to cater to different trading strategies.

They give access to major trading platforms like MT4, MT5, and cTrader, known for advanced charting and execution.

FP Markets is particularly favored by seasoned traders for their deep liquidity and sophisticated features. Bangladeshi traders can fund their accounts via international bank wire or other electronic means;

ocal bank payments may need to involve a middle bank. They are praised for their reliability, speed of execution, and the trading experience they provide.

FP Markets Features

• Speed & Liquidity: Quick distribution and deep liquidity for CFDs and Forex.
• Diverse Trading Platforms: Choose MT4, MT5, or cTrader for different trading preferences.
• Spreads: Especially on accounts with Raw Pricing.
• Advanced Features: Advanced charts, a range of technical indicators, and trading bots.

Pros	Cons
Deep liquidity and fast execution	Local banks may require intermediaries
MT4, MT5 & cTrader available	Higher minimum deposit for premium accounts
Tight spreads	Not ideal for social trading
Strong reliability	Limited local promotions

6. STARTRADER

STARTRADER was established as a forex broker and has global clientele and is capable of providing facilities for trading currency, CFDs, and trading indices.

STARTRADER has different types of accounts and flexible leverage options to suit different risk appetites and provide competitive trading conditions.

Various trading platforms are supported along with educational resources and analysis of the markets. Deposit methods include bank transfers, cards, and e-wallets.

Deposits from Bangladesh are normally processed through these methods. Due to constant change in local bank support, check region specific deposit options before making a transfer.

STARTRADER Features

• Pricing: Trade with tight spreads for cost-efficient trading.
• Range of Instruments: Flexible choices across forex, indices, energy, and commodities.
• Beginner-Friendly: Easy account creation and set up.
• Multiple Payment Methods: Bank and e-wallet transfers.

Pros	Cons
Multiple asset classes	Less global recognition
Beginner-friendly accounts	Local bank transfers uncertain
Competitive pricing	Fewer advanced platform features
Decent support	Smaller educational library

7. Deriv

Deriv (previously known as Binary.com), is an established trading platform that provides its users with several trading instruments, including CFDs, Forex, and other derivatives.

The platform is recognized for its comprehensive desktop and mobile applications. They also offer trading services for new and seasoned investors.

Besides providing an outstanding global trading experience, extensive industry coverage, and a wide variety of services, most investors value Deriv for its multiple account funding options. For users in Bangladesh, local bank transfer options will be activated during account registration.

Deriv Features

• Multiple Trading Platforms: Web-based and proprietary software for customizable trading.
• Diverse Trading: Flexible options beyond forex, including options, commodities, and others.
• Multiple Payment Methods: Bank and e-wallet transfers, and card payments (local banks differ).

Pros	Cons
Flexible platforms	Local bank options may vary
Wide range of instruments	Not focused only on forex
Good for derivatives	Spreads can be wider on some products
Beginner-friendly interface	Limited local community presence

8. FxPro

FxPro is a UK-based broker which is highly regulated and offers forex and CFD trading even for clients in Bangladesh.

Via the MetaTrader 4, MetaTrader 5 and cTrader platforms, clients can trade major currency pairs, indices, commodities, and othr assets.

FxPro is known for its trading liquidity, execution speed, and its trading infrastructure that supports manual and automated trading.

Bank wire transfers, credit and debit cards, and some digital wallets are offered as funding methods and clients in Bangladesh are advised to check with their banks before deciding on a funding method.

Considering that FxPro has a global client base and is heavily regulated, it is a good option for forex trading for interested traders.

FxPro Features

• Wide Market Suite: Forex, shares, indices, metals, and energies.
• Access to Different Platforms: MT4, MT5, and cTrader offer things for different strategies.
• Strong Regulation: Licensed with strict compliance requirement.
• Good Execution: Execution speeds are steady for both manual and EA traders.

Pros	Cons
Highly regulated	Local bank transfer support may require intermediary
Multiple platforms including cTrader	Higher fees for some payment options
Good execution speed	No proprietary social features
Wide market access	Learning resources not advanced

9. eToro

eToro is different from other brokers because of their blend of forex and CFD trading with social trading. Users can follow and replicate the moves of seasoned traders.

The company created their own platform which is beginner friendly. Users are able to trade a variety of instruments including forex, stocks, as well as crypto.

Offering funding through bank transfer, credit cards, and e-wallets is the norm, and eToro may also provide local Bangladeshi bank services depending on local banking policies and intermediary services.

eToro is known for their social trading, pricing, and brand recognition which appeals to customers who are looking for a sense of community along with the trading.

eToro Features

• Social & Copy Trading: Replicate traders in one click.
• Multi-Asset Support: Trade forex, stocks, crypto, etc.
• Beginner Focused UI: User friendly for beginners.
• Varied Deposit Methods: Bank transfers (local options vary), cards, and wallets.

Pros	Cons
Social & copy trading	Bank transfer options may vary
Great for beginners	Higher spreads on forex
Multi-asset access	Limited advanced charting
Simple interface	No MT4/MT5 support

10. BlackBull Markets

BlackBull Markets is a forex and CFD broker accessible from anywhere in the world and offers tight spreads and trading conditions on MT4, MT5, and cTrader.

BlackBull supports local bank transfers in some regions, so traders from Bangladesh can deposit money from their domestic banks quickly and securely at no brokerage deposit fee and within a range of 30 to 90 minutes.

In addition, BlackBull accepts bank wire transfer, cards, and e-wallets. Because of the flexible payment methods and the diverse financial instruments available, BlackBull Markets is a great option for forex trading from Bangladesh.

BlackBull Markets Features

• Local Bank Funding: Direct bank transfers accessible for some regions, including Bangladesh.
• Professional Platforms: Compatible with MT4, MT5, and cTrader.
• Tight Spreads & Low Latency: Trading costs are reduced.
• Flexible Account Options: Choices for ECN-style pricing and for pro traders.

Pros	Cons
Supports local bank deposits	Smaller brand outside Asia
Tight spreads	Limited non-forex asset range
MT4, MT5 & cTrader	Fewer educational tools
Fast funding options	Local support not always 24/7

How To Choose Best Forex Brokers For Bangladeshi Traders Accepting Local Banks

• Local bank support: Check if the broker accepts direct deposits/withdrawals from Bangladeshi banks (ex: DBBL, City Bank).
• Regulation & Safety: Choose the broker who is regulated in the most countries (ASIC, FCA, CySEC) for the most protection.
• Trading costs: Pick a broker that has the best spreads and commissions, to save you more money.
• Payment Fees & Speed: Look into the fees for deposits/withdrawals, and how long it takes for local bank transfers to process.
• Platforms Offered: Choose a broker that offers MT4/MT5 or easy to use mobile apps for trading.
• Customer Support: It is better if you have fast support that is in your language or offers translations.
• Account Types: It is better if the broker offers different types of accounts (mini, standard, ECN) to suit your trading experience and capital.
• Education & Tools: It is better for brokers to offer beginners training, webinars, and market analysis for the newbies.

Cocnlsuion

Cocnlsuion

In cocnlsuion Selecting forex brokers for Bangladeshi traders who accept local banks provides quicker transactions, reduced costs, and an overall better trading experience.

Forex trading becomes seamless for Bangladeshi traders with brokers who accept local bank deposits and withdrawals.

By considering regulation, trading fees, the quality of the trading platform, and payment options, traders can choose with assurance a broker that meets their trading objectives and monetary requirements.

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