Is The Forex Market Legit In Bangladesh?
IC Markets is a globally regulated Forex broker available to traders in Bangladesh. While it is not directly licensed by Bangladesh Bank, it operates under ASIC, CySEC, and FSA regulations, ensuring high security and transparency. The broker offers Islamic accounts, low spreads, and advanced trading platforms (MT4, MT5, cTrader). Bangladeshi traders can access IC Markets legally, but they must comply with local financial regulations.
Forex trading in Bangladesh is legal, but there are certain restrictions. Only the residents of the country can register with the local brokers. Bangladesh Bank is the financial regulator. The bank issues licenses, supervises the operation of Forex brokers and also settles disputes between clients and brokers.
Bangladesh is a Muslim country, and the brokers that are registered there officially provide an Islamic account. It is a special account that complies with the Sharia Law. Clients can use only accounts opened in the national currency for trading.
IC Markets Bangladesh review 2025
For traders in Bangladesh looking for a broker with international authorization, IC Markets holds multiple global licenses, so it meets international financial rules. While IC Markets does not have a direct license in Bangladesh, it follows strict regulations from ASIC and CySEC, making it a safe choice for traders in the country.
When evaluating whether IC Markets is a properly regulated broker in Bangladesh, it's important to note that while it isn’t locally regulated, it follows strict global regulations that give traders a high level of security and trust. This means Bangladeshi traders can access the platform, though they should check local banking and trading laws.
For those wondering, "Is IC Markets legit in Bangladesh?" The answer is yes. Even though it does not hold a specific Bangladeshi license, IC Markets is well-known worldwide for its transparency, fast trade execution, and strict security measures, making it a reliable choice for traders in the country.
How to trade Forex in Bangladesh
If you want to trade Forex in Bangladesh, you first need to register with a broker. Account verification is necessary, requiring proof of Bangladeshi citizenship or a residence permit. You will also need to submit proof of address to complete the process.
For those looking for a reliable option, IC Markets is a trusted Forex broker for Bangladeshi traders, offering different account types, including Islamic accounts, meeting the financial and religious needs of local traders. The broker offers a stable and reliable platform with access to multiple financial instruments.
When it comes to IC Markets and Bangladesh Forex trading, the broker supports well-known platforms like MetaTrader 4, MetaTrader 5, and cTrader. These platforms give traders access to advanced tools, competitive spreads, and fast execution speeds. Although IC Markets is not regulated locally, it follows global standards, making it a good choice for Bangladeshi traders seeking competitive trading conditions.
Our evaluation of IC Markets
IC Markets is one of the top brokers in the financial market with the TU Overall Score of 8.63 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
IC Markets Trading Company is a great broker for scalping enthusiasts, automated trading lovers, and beginner traders.
Detailed review of IC Markets in Bangladesh
For traders searching for an honest IC Markets review in Bangladesh, the broker is known for its low spreads, fast execution speeds, and advanced trading tools. It has built a strong reputation among both beginners and professional traders in the country, making it a popular choice in the market.
A key advantage for Bangladeshi traders is that IC Markets operates as an ECN broker in Bangladesh, providing direct market access with raw spreads and no dealing desk interference. This setup makes it particularly attractive for scalpers and algorithmic traders who rely on fast order execution and deep liquidity.
As a well-established Forex broker in Bangladesh, IC Markets offers multiple account types, including Islamic accounts, to accommodate the diverse needs of local traders. With strong regulatory oversight, competitive trading conditions, and access to a broad range of instruments, it remains a reliable platform for those looking to trade Forex in Bangladesh.
Advantages of IC Markets for trading in Bangladesh
Traders Union analysts conducted a detailed analysis of IC Markets for traders from Bangladesh. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
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High execution speeds on all platforms provide for both intraday trading and scalping;
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No deposit or maintenance fees;
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Demo accounts are available on both MetaTrader and cTrader;
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Trading fees are average as compared to other top brokers;
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Copy trading, algorithmic trading, and investment in real stocks for Australian clients are available;
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Webinars and free educational materials for novice traders are provided;
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24/7 multilingual technical support;
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Free VPS for clients with a monthly trading volume of 15 lots and more.
For traders in Bangladesh, the minimum deposit at IC Markets is set at $200, making it accessible for both beginners and experienced traders. This initial deposit provides a reasonable entry point, allowing traders to access the platform’s full range of features and trading opportunities.
Along with a fair deposit requirement, IC Markets also offers competitive spreads in Bangladesh. Traders can benefit from standard account spreads starting from 0.8 pips, while raw spreads are as low as 0.0 pips. These tight spreads make the broker an attractive choice for scalpers and high-frequency traders looking to minimize costs and maximize returns.
Analysis of the main features of IC Markets in Bangladesh
Traders Union analysts have reviewed the main aspects of IC Markets and their funded account options for traders in Bangladesh. Using a detailed evaluation process, TU examines each factor separately before giving an overall score based on key factors like fees, platform quality, and execution speed.
For traders considering a funded account with IC Markets in Bangladesh, the broker offers the opportunity to trade with capital from proprietary trading firms. This option is beneficial for those wanting to trade larger volumes without risking significant personal funds, making it ideal for traders looking to scale their strategies.
When discussing fees, IC Markets keeps its commissions in Bangladesh clear and fair. Traders using raw spread accounts on MetaTrader pay $7 per lot, while those using cTrader benefit from a lower fee of $6 per lot. Meanwhile, standard accounts follow a spread-based model, letting traders choose cost options that suit their style.
Trading conditions for IC Markets traders from Bangladesh
Before picking a broker, it’s important to know the trading terms, especially if you are in Bangladesh. Traders Union analysts have explored IC Markets’ Forex trading conditions at Bangladesh by looking into important details like deposit requirements, platforms, and leverage — key factors that can influence your choice of broker.
For anyone considering Forex trading in Bangladesh with IC Markets, the broker offers a wide range of trading options, including currency pairs, commodities, indices, and cryptocurrencies. With platforms like MetaTrader 4, MetaTrader 5, and cTrader, IC Markets helps traders in Bangladesh make quick trades while enjoying low spreads and fast execution.
If you’re wondering, "Can I use IC Markets in Bangladesh?", the answer is yes. Although IC Markets is not regulated by Bangladesh Bank, traders from Bangladesh can use the platform and benefit from its global protections. It’s essential, however, for traders to follow local financial rules when making deposits and withdrawals.
Trading conditions for IC Markets traders
| Trading platform: | MetaTrader 4, MetaTrader 5, TradingView and cTrader |
|---|---|
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Accounts: |
Demo, Standard, Raw Spread and Islamic (Swap Free) |
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Account currency: |
EUR, USD, GBP, CAD, AUD, HKD, NZD, CHF, SGD, and JPY |
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Replenishment / Withdrawal: |
All countries: Wire transfers, Visa, Mastercard, Skrill, PayPal, Neteller, RapidPay, and Klarna; Restricted methods: UnionPay, POLI, Fasapay, BPAY, internet banking (Thailand and Vietnam), WebMoney, and Broker to Broker |
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Minimum deposit: |
$200 |
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Leverage: |
1:500 (FSA); 1:30 (ASIC and CySEC) |
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PAMM-accounts: |
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Min Order: |
0.01 |
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Spread: |
Standard: 0.8 pips; Raw Spread: 0 pips; |
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Instruments: |
Cryptos and Forex CFDs on indices, commodities, stocks, bonds, and futures |
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Margin Call / Stop Out: |
50%/100% |
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Liquidity provider: |
Westpac and National Australia Bank |
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Mobile trading: |
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Affiliate program: |
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Orders execution: |
Market |
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Trading features: |
Scalping and expert advisors; Maximum number of orders is 200 for MT4/MT5; and 2,000 for cTrader. |
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Contests and bonuses: |
Rebates for the Global division; Free VPS. |
IC Markets commissions and fees
Traders Union analysts analyzed commissions and fees charged by IC Markets for traders from Bangladesh. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
For traders looking for funded account opportunities with IC Markets in Bangladesh, the broker allows traders to work with proprietary trading firms that provide capital for trading. This option is beneficial for experienced traders who want to scale their strategies without committing significant personal funds.
Additionally, IC Markets’ commission structure in Bangladesh is competitive, with raw spread accounts charging $7 per lot on MetaTrader 4 and MetaTrader 5, and $6 per lot on cTrader. Standard accounts operate with spread-based pricing, making it a flexible option for different trading styles.
Information
Trading fees include spreads, fees per lot, and swaps. IC Markets has variable spreads from 0.8 pips on Standard and from 0 pips on ECN account types. Therefore, fees for one instrument can vary subject to the time of day and the market situation. Fees per lot are charged only on ECN account types. They are $7 per lot on MT4/MT5 and $6 on cTrader. Swaps are charged when positions are transferred overnight, but they do not apply to the Islamic account type. Non-trading fees are fees not related to trades. At IC Markets, these are withdrawal fees when using international bank transfers. The broker doesn’t charge other non-trading fees.
TU experts have compared IC Markets’ fees and compiled the table below.
IC Markets commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
|
Standard |
$8 |
Bank fees apply |
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Raw spread MT4/MT5 |
$0 |
Bank fees apply |
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Raw spread cTrader |
$0 |
Bank fees apply |
|
Islamic |
$0 |
Bank fees apply |
Conclusion
IC Markets is a globally recognized Forex broker that offers Bangladeshi traders competitive trading conditions, including low spreads, high execution speeds, and multiple trading platforms. While it is not directly regulated by Bangladesh Bank, it operates under strict international regulations, ensuring security and transparency. Traders in Bangladesh can legally use IC Markets but should comply with local financial rules. With Islamic accounts, a wide range of instruments, and strong customer support, IC Markets is a solid choice for both beginners and experienced traders. However, the lack of local licensing and limited local payment methods may be a consideration for some.
FAQs
Is IC Markets legal in Bangladesh?
Yes. IC Markets operates legally in Bangladesh. The broker holds the necessary licenses.
Can you learn trading with IC Markets? Does the broker offer courses for traders from Bangladesh?
Yes, IC Markets offers good trading courses and a lot of educational information for clients from Bangladesh.
Can IC Markets be trusted? How long has the broker been operating in Bangladesh?
IC Markets has been operating in Bangladesh quite long and has a good reputation. Therefore, traders can work with IC Markets.
Is IC Markets suitable for novice traders from Bangladesh?
Yes. IC Markets offers optimal trading conditions and good education for beginners from Bangladesh.
How efficient is IC Markets customer support in Bangladesh?
IC Markets offers a sufficient number of ways to contact customer support in Bangladesh, and also provides support in the state language.
Has IC Markets had any incidents involving theft of funds of clients from Bangladesh?
No. IC Markets provides reliable security of funds of clients from Bangladesh.
Will I be able to file a lawsuit in Bangladesh if IC Markets violates my rights?
Yes. If IC Markets violates your rights, you can file a complaint with the regulator of Bangladesh, and then with a court.
Can IC Markets clients from Bangladesh use the broker’s mobile app?
Yes. The mobile app of IC Markets is available for the clients from Bangladesh.
Does IC Markets provide Bangladesh market analysis?
Analysis of Bangladesh is featured in the information provided by IC Markets.
How can I withdraw funds from my account at IC Markets in Bangladesh?
IC Markets supports bank transfers and debit/credit cards of the banks operating in Bangladesh.
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Team that worked on the article
Parshwa is a content expert and finance professional possessing deep knowledge of stock and options trading, technical and fundamental analysis, and equity research. As a Chartered Accountant Finalist, Parshwa also has expertise in Forex, crypto trading, and personal taxation. His experience is showcased by a prolific body of over 100 articles on Forex, crypto, equity, and personal finance, alongside personalized advisory roles in tax consultation.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).