Best Funded Trading Programs In Bangladesh
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If you're too busy to read the entire article and want a quick answer, If you are too busy to read the entire article and want a quick answer, the best funded trading program in Bangladesh 2024 is Hola Prime. Why? Here are its key advantages:
- Is legit in your country (Identified as United States
) - Has a good user satisfaction score
- Provides educational resources and excellent customer service
- Competitive profit split
Best funded trading program in Bangladesh 2024:
- Hola Prime - A prop trading firm licensed by the FSC of Mauritius that provides funding up to $500,000 with the potential to scale accounts to $4 million
- SabioTrade - Best for those who want to work as non-staff traders with up to 90% of profit
- Instant Funding - Prop firm offering instant funding with account sizes up to $80,000
- GoatFundedTrader - A proprietary trading firm registered in Saint Lucia and Hong Kong, offering simulated capital of up to $400,000 for Forex and CFD trading.
- Earn2Trade - Convinient scaling plans (relatively low profit goal, account upgrades after withdrawing first profit target)
Funded trading programs in Bangladesh allow traders to trade using the capital funding firms provide. These programs evaluate a trader’s skills through a series of tests or evaluation periods. If successful, the trader receives a funded account and can trade with the firm’s money, sharing profits while limiting personal risk. This article discusses the best funded trading programs in Bangladesh and the specific things to keep in mind for traders of this region.
Best funded trading programs in Bangladesh
A funded trading program in Bangladesh offers traders the opportunity to trade using the capital provided by a funding firm. These programs typically evaluate a trader’s skills through a series of tests or evaluation periods. If successful, the trader receives a funded account and can trade with the firm’s money, sharing profits while limiting personal risk.
We've put together a list of the best funded trading programs in Bangladesh known for being reliable, having good conditions. Next, we'll explain the factors we considered to help you see why these brokers are recommended.
| Funding Up To, $ | Profit split up to, % | Max. Leverage | Trading assets | Open account | |
|---|---|---|---|---|---|
| 4 000 000 | 95 | 1:100 | Forex, CFDs on indices, cryptocurrencies, and precious metals | Open an account Your capital is at risk.
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| 200 000 | 90 | 1:30 | CFDs on: currency pairs, gold, oil, global indices, stocks, cryptocurrencies, ETFs | Open an account Your capital is at risk.
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| 2 500 000 | 90 | 1:100 | Forex, indices, cryptocurrencies, metals, energies (oil, gas) | Open an account Your capital is at risk.
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| 2 000 000 | 95 | 1:100 | Forex pairs, CFDs on indices, commodities, and cryptocurrencies | Open an account Your capital is at risk.
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| 400 000 | 80 | 1:30 | Futures and micro futures | Open an account Your capital is at risk. |
Key factors for evaluating funded trading programs in Bangladesh:
Evaluation process: Assess the difficulty and fairness of the evaluation criteria;
Profit split: Consider the percentage of profits retained by the trader;
Account types and sizes: Look for flexibility in account options;
Fees and costs: Understand any upfront or recurring fees;
Support and resources: Availability of educational materials and mentorship;
Withdrawal conditions: Ease and frequency of profit withdrawals.
Tips for prop traders in Bangladesh
Key tips for prop traders in Bangladesh:
Look for programs with strong educational support;
Choose firms that offer small account sizes to start;
Ensure the evaluation process is simple enough;
Opt for firms with larger account sizes and higher profit splits;
Consider programs that allow for more advanced trading strategies;
Look for flexibility in trading instruments and leverage.
Local market conditions and challenges in Bangladesh
Interest in financial markets is on the rise in Bangladesh, especially among young people, driven by better internet access and smartphone use. This creates a good opportunity for funded trading programs. However, the regulatory environment, managed by the Bangladesh Securities and Exchange Commission (BSEC), is a big challenge. Getting the necessary licenses and meeting all the regulatory requirements can be time-consuming and costly, leading to fewer options to choose from for aspiring traders. Additionally, economic factors like inflation and currency changes can affect trading conditions and profits.
Market volatility, caused by political and economic instability in an emerging nation, requires strong risk management strategies. Many potential traders do not have enough education in trading and finance, so they look to these programs for getting thorough training. Infrastructure issues, such as unreliable internet, can also make online trading difficult.
Remarkable opportunity for traders
I believe that funded trading programs in Bangladesh present a remarkable opportunity for traders to leverage capital provided by firms, significantly reducing personal financial risk.
These programs not only enable traders to demonstrate their skills in a controlled environment but also offer substantial educational resources and support. By carefully evaluating the terms, profit splits, and local market conditions, traders can find programs that align with their goals and experience levels.
Overall, funded trading programs are an excellent avenue for both novice and experienced traders to grow and succeed in the competitive trading landscape.
Methodology
Traders Union applies a rigorous methodology to evaluate prop companies using over 100 both quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
Trader Testimonials and Reviews. Collecting and analyzing feedback from existing and past traders to understand their experiences with the firm.
Trading instruments. Companies are evaluated on the breadth and depth of assets/markets available to trade.
Challenges and Evaluation Process. Analyzing the firm's challenge system, account types, evaluation criteria, and the process for granting funding.
Profit Split. Reviewing the profit split structure and terms, scaling plans, and how the firm handles profit distributions.
Trading Conditions. Examining the leverage, execution speeds, commissions, and other trading costs associated with the firm.
Platform and Technology. Assessing the firm's proprietary trading platform or third-party platforms it supports, including ease of use, functionality, and stability.
Education and Support. Quality and availability of training materials, webinars, and one-on-one coaching.
Summary
Funded trading programs in Bangladesh provide an excellent opportunity for traders to leverage capital without risking personal funds. The evaluation process, profit splits, fees, and available support are key factors in choosing a program. Both beginners and advanced traders can benefit from these programs, provided they carefully consider local market conditions and challenges.
FAQs
What is the main advantage of a funded trading program?
The primary advantage is trading with the firm’s capital, reducing personal financial risk.
Are there any upfront costs?
Some programs may have evaluation fees or other costs, so reviewing the terms is important.
Can beginners join funded trading programs?
Yes, many programs offer resources and smaller account sizes suitable for beginners.
How are profits split in these programs?
Profit splits vary but are typically around 70-90% in the trader's favor.
Is it necessary to have trading experience?
While experience is beneficial, some programs offer educational support to help beginners succeed.
What are the withdrawal conditions like?
Withdrawal conditions differ by program, so it’s important to understand the specific terms for accessing profits.
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Team that worked on the article
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.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
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).
