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Best Online Trading App in Bangladesh for 2024 - TOP 5 Comparison

Updated: December 16, 2023
Mikhail Vnuchkov
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Olga Shendetskaya
Editor
Fact-checked by
Mirjan Hipolito
Cryptocurrency and stock expert
1
8.61
Go to broker
Your capital is at risk.
2
9.4
Go to broker
Your capital is at risk.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
3
9.2
Go to broker
Your capital is at risk.
Via CapTrader's secure website.
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Best Online Trading App in Bangladesh

Table of Contents

  • Intro
  • #1 RoboForex
  • #2 eToro
  • #3 CapTrader
  • #4 Collective2
  • #5 ChoiceTrade
  • How to choose a Forex broker’s App in Bangladesh?
  • Best Forex trading app for beginners in Bangladesh
  • Is Forex legal in Bangladesh? Is it safe?
  • Is Forex taxable in Bangladesh?
  • Conclusion
  • Summary
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

Bangladesh, a country known for its rich cultural heritage and diverse landscapes, has undergone a remarkable transformation into a thriving urban hub by 2024. Bangladesh has experienced a surge in online forex trading in recent years, with a population of approximately 170.7 million, accounting for roughly 2.12% of the world's total.

This growing interest has prompted several brokers to launch trading apps tailored specifically for the Bangladeshi market. However, the abundance of options from various providers, particularly for beginners, can make selecting best trading app to earn money a daunting task. In this article, we aim to simplify the process of choosing the best trading app by evaluating the most important features and criteria.

1
8.61
Study Review
VISIT BROKER
Your capital is at risk.

The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.

2
9.4
Study Review
VISIT BROKER
Your capital is at risk.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.

3
9.2
Study Review
VISIT BROKER
Your capital is at risk.
Via CapTrader's secure website.

CapTrader — works according to the ECN scheme and thus provides its clients with direct access to liquidity providers. The company's clients can access such instruments as Forex, futures, options, stocks, ETFs, etc. In addition, CapTrader offers two programs for investing through MAM accounts. CapTrader is an Interactive Brokers Introducing Broker targeted at a European audience. The broker's minimum deposit is $2,000, and the maximum leverage is 1:20.

4
7.2
Study Review

Collective2 is a reliable brokerage company providing professional trading opportunities in the stock markets. Free training videos and articles are available to novice traders.

5
7.7
Study Review

The ChoiceTrade broker is aimed at cooperating with users who already have experience in trading on Forex and other exchanges and does not offer the most favorable conditions for beginners. The company is agog to cooperate with clients from any country, there are no restrictions on trading opportunities or opening accounts.

  • How to choose the best app for trading in Bangladesh?

    To choose the best app for trading in Bangladesh you need:

    choose a good broker

    open an account

    replenish your deposit account

    place an order

  • How can I trade stocks in Bangladesh?

    You can trade stocks in Bangladesh with eToro. In the platform you can invest in more than 3,000 stock assets, including at zero fee.

  • What is the best trading app in Bangladesh?

    RoboForex is the best trading app in Bangladesh. The broker offers trading in 12,000+ assets. The platform has a low minimum deposit and offers opportunities for active and passive earnings.

  • How much can you make from dividend capture?

    To start trading in Bangladesh you need:

    Choose a reliable broker

    Register on the platform

    Choose a real or demo account

    Place an order

1
Best Online Apps in Bangladesh - RoboForex

RoboForex is a brokerage company that was founded in 2009. RoboForex is a leading software developer in the Forex industry and one of the best Forex brokers based on client reviews.

RoboForex is recognized as a reliable partner by the most respected financial market experts. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize (license No. 000138/437).

👍 Advantages of trading with RoboForex for traders in Bangladesh:

•Availability of favorable trading conditions and a minimum deposit

•Unique investment program CopyFx

•Highest affiliate payments: up to 84% of the fee paid by the referral

•Market launch - STP and ECN

•Instant withdrawal of funds

•Minimum deposit - $10

👎 Disadvantages of RoboForex for traders in Bangladesh:

•A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime

•Lack of tools when trading on the R StocksTrader platform

STUDY REVIEW
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2
Best Online Apps in Bangladesh - eToro

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.

👍 Advantages of trading with eToro for traders in Bangladesh:

•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.

•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.

•An opportunity to combine active trading with social trading and passive investing.

•Zero-fee trading of a number of stocks.

•Access to ready-made diversified asset portfolios with various risk levels.

•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.

•Zero fees for portfolio management, depositing funds and account maintenance.

👎 Disadvantages of eToro for traders in Bangladesh:

•High minimum deposit for users of a number of countries.

•No live chat on the website for quick connection to customer support.

STUDY REVIEW
VISIT BROKER
Your capital is at risk.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

3
Best Online Apps in Bangladesh - CapTrader

CapTrader is a Forex broker, which was founded in Germany in 1997. The company is headquartered in Dusseldorf. CapTrader is an Introducing broker to Interactive Brokers. The platform uses Interactive Brokers software, which is why the brokers have identical user accounts, trading platforms and products. CapTrader provides access to 7 categories of assets and trading instruments: Forex, commodities, stocks, ETFs, futures, options and CFDs. The company is regulated by the Federal Financial Supervisory Authority (BaFin, 10156708). In addition it is an introducing broker and the European licenses from the regulators of Ireland and the UK (208159) held by Interactive Brokers apply to it as well.

👍 Advantages of trading with CapTrader for traders in Bangladesh:

•Partnership with a well-known broker – International Brokers.

•Access to 145 global stock markets.

•70,000+ trading instruments.

•3 types of trading platforms.

•Access to analytical service Trading Workstation.

👎 Disadvantages of CapTrader for traders in Bangladesh:

•High minimum deposit – $2,000 or an equivalent.

•Limited education options.

•Technical support is available 24/5.

STUDY REVIEW
VISIT BROKER
Your capital is at risk.
Via CapTrader's secure website.

4
Best Online Apps in Bangladesh - Collective2

The Collective2 brokerage company started its operations in 2001. It was founded by the American businessman Matthew Klein. It is a member of the NFA 0401602 (National Futures Association) and is regulated by the CFTC (Commodity Futures Trading Commission). The company is headquartered in New York. Today, Collective2 is a global platform that unites successful traders and investors who prefer to make money from sharing trading strategies. The broker provides services for over 100,000 active and passive clients in the stock market.

👍 Advantages of trading with Collective2 for traders in Bangladesh:

•The broker is registered with the Commodity Futures Trading Commission that regularly monitors its business transactions concerning its clients.

•The commission paid to the managing traders for their trading strategies is 50%.

•If necessary, you can make trades by phone.

•Collective2 technology is compatible with 16 brokers.

•By popular demand, the broker integrated multiple trading platforms.

•Weekly webinars feature highly topical Forex issues.

👎 Disadvantages of Collective2 for traders in Bangladesh:

•There are no cent accounts.

•You can’t withdraw funds using e-payment systems.

•Sometimes you have to wait for a long time for a response from the support team.

STUDY REVIEW

5
Best Online Apps in Bangladesh - ChoiceTrade

ChoiceTrade is a stockbroker that began providing services in 2000 and has steadily introduced ground-breaking technologies into its work. ChoiceTrade is aimed at working with investors who value order execution speed, a minimalistic approach to trading, and reliability. The broker is regulated by two bodies: FINRA (CRD#: 104021/SEC#: 8-52511) and SIPC. The latter regulator guarantees clients financial payments in case of unforeseen circumstances.

👍 Advantages of trading with ChoiceTrade for traders in Bangladesh:

•A vast array of trading accounts for clients with different needs.

•The broker sets the lowest fees for users, regardless of the type of account.

•The broker is focused on cooperation with clients from different countries, the site interface is presented in more than 30 languages.

•Clients' financial assets are protected up to $500,000 by an independent regulatory body.

•Lightning-quick speed of order execution.

👎 Disadvantages of ChoiceTrade for traders in Bangladesh:

•The minimum deposit is $100, which is not always within the power of novice traders.

•The broker does not provide clients with training materials for development in the field of trading and investments.

•The company offers only two ways to replenish a trading account and withdraw earned funds; there are no electronic payment systems.

STUDY REVIEW

How to choose a Forex broker’s App in Bangladesh?

Here are 5 essential tips to consider when choosing the best trading app in Bangladesh to help you make an informed decision.

Regulation and security

Make certain that the broker is regulated by the Bangladesh Bank (BB), the country's central bank and financial regulator. This regulatory oversight protects your funds and ensures that strict industry standards are followed. A regulated broker is subjected to scrutiny, promoting transparency and accountability in financial operations. This regulatory framework aims to protect traders by creating a safe environment for financial transactions.

Trading platform

Select a broker with a user-friendly and intuitive trading platform, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are widely recognized and supported. With robust charting tools, technical analysis capabilities, and user-friendly interfaces, these platforms provide a seamless trading experience. A dependable trading platform is required for accurate order execution and real-time market monitoring.

Asset variety

The secret to a profitable trading strategy is diversification. Select a broker who provides a wide variety of financial instruments, including currency pairs. This diversity enables you to investigate a range of trading opportunities and modify your approach to suit shifting market conditions. Examine the broker's selection of assets to make sure it suits your trading style.

Transaction fees and costs

Assess the broker's fee schedule, taking into account commissions, spreads, and any additional transaction expenses. Managing trading expenses and maximizing your total profitability require a clear understanding of transaction fees. Think about how the fee schedule fits into your trading strategy and financial goals.

Customer Service

Select a broker who offers dependable, timely customer service that is available in Bengali and English among other languages. This guarantees that questions are answered, problems are fixed, and advice is given in a timely manner when needed. Good customer service is essential for a satisfying trading experience, particularly in a market that is open twenty-four hours a day, five days a week.

Educational Resources

Look for brokers who provide written materials, webinars, and tutorials as educational tools. For traders seeking to improve their knowledge of the Forex market, create fresh tactics, and keep up with industry developments, these resources are priceless. A broker who is dedicated to your education will help you become a successful trader in the long run.

Demo Accounts

Select a broker who provides demo accounts so you can practice trading with fictitious funds. Before putting real money at risk, demo accounts offer a risk-free environment for you to become acquainted with the trading platform, test out strategies, and gain confidence. A broker who provides demo accounts shows that they are dedicated to helping traders advance their education.

Best Forex trading app for beginners in Bangladesh

RoboForex is the best trading app for beginners in Bangladesh. It has a very user-friendly interface that makes trading easier. As a beginner, you can open a demo account to practice trading with virtual money without risk. RoboForex also provides excellent educational content to new traders through its Trading Academy and customer support team.

Is Forex legal in Bangladesh? Is it safe?

Yes, forex trading is legal in Bangladesh, and the Bangladesh Securities and Exchange Commission (BSEC) regulates it. The BSEC regulates licensed brokers and establishes guidelines for leverage limits, capital requirements, and prohibited trading activities. In Bangladesh, trading forex with a properly licensed broker poses no legal risks.

Is Forex taxable in Bangladesh?

Profits from forex trading in Bangladesh are subject to a maximum tax rate of 25-30%, depending on the annual income amount. Losses can also be carried forward to offset future trading profits. To understand their forex tax obligations in Bangladesh, traders should consult a tax professional.

Conclusion

We hope that this guide has shed some light on how to navigate the expanding landscape of forex trading apps available to Bangladeshi traders. You can now make an informed decision about the best broker and platform for you by understanding the regulatory environment, tax obligations, and most important selection factors to consider.

Summary

In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Bangladesh choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Online Trading App in Bangladesh 2024.

RoboForex eToro CapTrader Collective2 ChoiceTrade

Overall score

8.61

9.4

9.2

7.2

7.7

Execution of orders

8.95

9.1

8.9

6.99

7.4

Investment instruments

8.2

9.7

9.5

7.41

8

Withdrawal speed

9.71

9.5

9.3

7.05

7.8

Customer Support work

9.17

9.3

9.1

7.35

7.6

Variety of instruments

8.75

9

8.8

6.83

7.3

Trading platform

6.86

9.8

9.6

7.57

8.1

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Review

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Review

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Review

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Review

Study
Review

Open an
account

Your capital is at risk.

Open an
account

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Open an
account

Your capital is at risk.
Via CapTrader's secure website.
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Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

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Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Read more