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Best Forex Brokers Bangladesh 2022

Marcus Taylor

Written by Marcus Taylor

September 08, 2022

The primary stock market in Bangladesh is the Dhaka Stock Exchange (DSE), which was founded in 1986, but originates back to 1954 when the East Pakistan Stock Exchange Association Ltd was first incorporated. The DSE now ranks 48th among the largest stock exchanges globally, with a market capitalization of around $42.42 Billion in 2019.

The DSE provides a basic listing service in stocks and equity derivatives for Bangladeshi companies. It also lists mutual funds and has plans to offer more assets in the future, like Real Estate Investment Trusts (REITs) and exchange-traded funds (ETFs). The exchange also provides trading in Bangladeshi debt instruments like treasury bonds and corporate bonds and debentures.

The primary broad stock market index for the Dhaka Stock Exchange is the DSE Broad Index (DSEX), while the exchange’s main narrower blue chip index is the DSE 30 Index (DS30). Stocks in both of these indices are weighted by their float-adjusted market capitalization, and neither index includes mutual funds or debt instruments.

Bangladesh also has a second significant stock exchange known as the Chittagong Stock Exchange (CSE) based in Chittagong. It was incorporated in 1995 and demutualized in 2013, with its Next Generation Trading System (NGTS) becoming operational in 2011. The CSE ranks 50th among the largest stock exchanges globally, with a market capitalization in 2019 of $40.36 Billion.

The CSE’s listing service includes stocks of Bangladeshi companies, mutual funds, and corporate bonds. Like the DSE, the CSE also has plans to offer additional assets soon, including Real Estate Investment Trusts (REITs), exchange-traded funds (ETFs), commodities and derivatives. The primary broad stock index for the CSE is the CSCX or Chittagong Special Categories index which incorporates all the securities the CSE lists, including Z category stocks. Narrower blue-chip indices include the CSE 30 and the CSE 50 indices that are made up of the top 30 and 50 best stocks traded on the CSE respectively.

The Bangladeshi taka (BDT) is the national currency for the People’s Republic of Bangladesh. Takas are issued and managed by the Bangladesh Bank which acts as the central bank of Bangladesh. Each taka is further broken down into 100 lesser units called poisha. In its 2016 survey, the Bank for International Settlements (BIS) did not rank the Bangladeshi taka among the 35 most actively traded currencies that year. The BDT also failed to rank among the currencies most commonly held as central bank reserves in 2018, as per the International Monetary Fund (IMF).

The main securities market regulator in Bangladesh is the Bangladesh Securities and Exchange Commission (BSEC) which operates under the country’s Ministry of Finance. The BSEC was formed in 1993 to regulate the country’s capital markets under the Securities and Exchange Commission Act 1993. This regulator aims to protect the interest of securities investors, develop the securities market in Bangladesh and formulate securities legislation. Forex trading is legal in Bangladesh, and online forex brokers are overseen by the Bank of Bangladesh.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Online Brokers for Bangladesh

  • FOREX.com
    - 8.7/10 Overall
  • eToro - 8.6/10 Overall
  • AvaTrade - 8.2/10 Overall
  • Admiral Markets - 8.1/10 Overall
  • IC Markets - 8/10 Overall
  • Markets.com - 8.1/10 Overall
  • XM Group - 8/10 Overall
  • Tickmill - 7.8/10 Overall
  • HYCM (Henyep) - 7.7/10 Overall
  • HFM - 7.6/10 Overall
  • Eightcap - 7.2/10 Overall
  • ThinkMarkets - 7.3/10 Overall
  • BlackBull Markets - 7/10 Overall
  • easyMarkets - 7.3/10 Overall
  • AxiTrader - 7/10 Overall
Overall Rating
8.7 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.0 (July 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses4
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)5500
Forex Pairs (Total)91
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)203
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.6 / 10
Minimum Initial Deposit
$10-$10,000
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1 (August 2021)
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2007
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3458
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)66
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes


Overall Rating
8.2 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.91 (Aug 2020)
All-in Cost EUR/USD - Active0.61 (Aug 2020)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2006
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses4
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1260
Forex Pairs (Total)55
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)90
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.1 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.8 (July 2021)
All-in Cost EUR/USD - Active0.7 (July 2021)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2001
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)8425
Forex Pairs (Total)50
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8 / 10
Minimum Initial Deposit
$200
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.62 (August 2021)
All-in Cost EUR/USD - Active0.62 (August 2021)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2007
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3583
Forex Pairs (Total)61
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.1 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
98
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.9 (as of Oct 2019)
All-in Cost EUR/USD - Active1.9 (as of May 2019)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses2
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsNo
Tradeable Symbols (Total)2179
Forex Pairs (Total)57
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)89
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsNo
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8 / 10
Minimum Initial Deposit
$5
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.6 (Aug 2020)
All-in Cost EUR/USD - Active0.8 (Aug 2021)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2009
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1372
Forex Pairs (Total)57
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
7.8 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.51 (August 2022)
All-in Cost EUR/USD - Active0.31 (August 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2014
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)295
Forex Pairs (Total)62
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
7.7 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.6 (Sept 2021)
All-in Cost EUR/USD - Active0.6 (Sept 2021)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1977
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)245
Forex Pairs (Total)71
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsNo
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


How to Trade in Bangladesh

None of the major online forex brokers are situated in Bangladesh, although traders based in the country can deposit money for online trading by opening accounts with foreign brokers that will accept them as clients. Traders should also make sure that a broker allows for withdrawals and deposits in Bangladeshi taka if they do not have an available balance in another currency.

Any broker located outside of Bangladesh also needs to be strictly regulated in its local jurisdiction and keep client funds separate in segregated accounts to keep funds deposited as margin protected. Brokers should also have good overall client reputations, as well as a sufficient range of tradable assets and services.

Most online forex brokers will allow practice trading and strategy development via demo accounts funded with virtual money. Funded accounts are also available at online brokers, and they require traders to put up a minimum initial deposit to use as a margin before starting to trade live. Since Bangladesh is a Muslim country, some brokers offer Islamic accounts without swaps on rollovers that comply with Sharia law.

Virtually all online brokers provide customer service and a website in English. If accessing a broker’s website in a language other than English is important, such as in Bengali, Rangpuri, Assamese, Bihari, or Urdu, then be sure to ask about that in advance to assure that those needs can be accommodated.

Online brokers vary substantially when it comes to the asset classes they allow clients to trade, although most do offer some kind of forex trading for the major currency pairs. Contract for difference (CFD) trading is popular outside the United States, and CFD brokers will typically give traders the ability to trade more assets.

Regarding stock trading, both The Dhaka and Chittagong Stock Exchanges provide fair and transparent markets for several asset classes, including Bangladeshi stocks. DSE and CSE trades are generally executed in Bangladeshi taka, and live trading has taken place on the DSE via its automated trading system (ATS) since 2006 and on the CSE’s Next Generation Trading System (NGTS) since 2011.

Biggest Opportunities of Trading in Bangladesh

The Bangladeshi financial sector is in the process of development. It presently consists primarily of a banking sector and a mostly undeveloped equity and capital market. And while the country is relatively small in size, its population of 167.9 million makes Bangladesh the eighth-most populous and the most densely populated nation in the world, excluding city-states.

According to GOV.UK, Bangladesh aims to become a middle-income country by 2021, with a plan for growth through massive investment in infrastructure, skills development, and trade. Other benefits for companies aiming to do business in Bangladesh include:

  • An annual growth rate of at least 5.3% over the last 16 years.
  • Poverty levels have approximately been cut by half in the last decade.
  • Ready-Made Garment (RMG) export levels have quadrupled in 5 years.
  • English is widely spoken in business.
  • There is strong consumer demand for products, equipment and services.

With respect to World Bank rankings for doing business, Bangladesh scored rather poorly in most categories, with protecting minority investors being its best overall ranking at 89th.

Biggest Challenges of Trading in Bangladesh

According to the World Bank Group, Bangladesh’s top trading partners are the United States, Germany, the UK, Spain, and France. Other countries that trade actively with Bangladesh include: China, India, Hong Kong/China and Singapore.

Any upcoming Brexit, which is set to occur on October 31st, 2019, should have minimal impact on Bangladesh’s existing trade with the UK since those countries do not have an existing trade agreement.

The World Bank ranked Bangladesh at a dismal 176th for general ease of doing business, and the country had even worse rankings of 189th for enforcing contracts and 183rd for registering property. Other areas that received low scores were obtaining electricity, trading across borders, and obtaining credit, for which the country ranked 179th, 176th, and 161st respectively.

Summary

In summary, traders and businesses may find Bangladesh a somewhat challenging place to operate in. Although Bangladeshi securities firms receive competent oversight by the BSEC, forex traders should look for a firm authorized to operate in Bangladesh by the Bangladesh Bank.

When selecting an online broker to trade through from Bangladesh, traders should ensure that a broker offers the asset classes they want to trade, has a good reputation, is well regulated, and accepts deposits in a currency they can readily obtain. The online broker should also provide a free trading platform that has the necessary features and should separate client funds from its own money for added safety.

BrokerNotes.co 2022 Overall Rankings

To recap, here are our top forex brokers accepting residents of Bangladesh as clients for 2022, sorted by Overall ranking.

Company Accepts BD Residents Overall Rating Minimum Initial Deposit Average Spread EUR/USD - Standard Trust Score Trust Score Tradeable Symbols (Total) Visit Site
IG logoIG check 9.7 £250.00 0.86 (September 2022) 99 Highly Trusted 19537 Visit Site
Saxo Bank logoSaxo Bank check 9.5 €2,000 0.9 (September 2022) 99 Highly Trusted 60000
CMC Markets logoCMC Markets check 9.4 $0 0.51 (August 2022) 99 Highly Trusted 12377
Interactive Brokers logoInteractive Brokers check 9.2 $0 0.6 (Aug 2022) 99 Highly Trusted 8500
TD Ameritrade logoTD Ameritrade check 8.9 $0 1.25 pips (September 2022) 99 Highly Trusted 0
FOREX.com logoFOREX.com check 8.7 $100 1.0 (July 2022) 99 Highly Trusted 5500 Visit Site
XTB logoXTB check 8.7 $0 1.07 (Q3 2022) 95 Highly Trusted 12000
City Index logoCity Index check 8.7 £100.00 1.0 (July 2022) 99 Highly Trusted 13500
eToro logoeToro check 8.6 $10-$10,000 1 (August 2021) 93 Highly Trusted 3458
Swissquote logoSwissquote check 8.5 $1000 N/A 99 Highly Trusted 466
AvaTrade logoAvaTrade check 8.2 $100 0.91 (Aug 2020) 93 Highly Trusted 1260
Plus500 logoPlus500 check 8.2 €100 0.6 (as of Aug 2018) 98 Highly Trusted 2800
FXCM logoFXCM check 8.3 Starts from $50 1.38 (Q2 2022) 96 Highly Trusted 441
Admiral Markets logoAdmiral Markets check 8.1 $100 0.8 (July 2021) 87 Trusted 8425
FP Markets logoFP Markets check 8.3 $100 AUD 1.2 (August 2022) 86 Trusted 9956
IC Markets logoIC Markets check 8 $200 0.62 (August 2021) 86 Trusted 3583
OANDA logoOANDA check 8 $0 1.26 (5/22-5/27/22) 92 Highly Trusted 124
Capital.com logoCapital.com check 8.1 $20 0.6 (July 2021) 77 Average Risk 6000
Markets.com logoMarkets.com check 8.1 $100 1.9 (as of Oct 2019) 98 98 2179
XM Group logoXM Group check 8 $5 1.6 (Aug 2020) 90 Trusted 1372
Pepperstone logoPepperstone check 8 $200 0.77 (September 2022) 93 Highly Trusted 1200
FxPro logoFxPro check 8 $100 1.51 (August 2020) 90 Highly Trusted 2249
Tickmill logoTickmill check 7.8 $100 0.51 (August 2022) 82 Trusted 295
HYCM (Henyep) logoHYCM (Henyep) check 7.7 $100 0.6 (Sept 2021) 86 Trusted 245
DooPrime logoDooPrime check 7.7 $100 -1 84 Average Risk 10000
Fineco Bank logoFineco Bank check 7.7 $0 N/A 92 Highly Trusted 126
HFM logoHFM check 7.6 $5 1.2 (August 2021) 85 Trusted 3500
BDSwiss logoBDSwiss check 7.6 $100-$5000 (depending on account type) 1.6 (08/10/22) 83 Trusted 1081
Vantage logoVantage check 7.4 $50 1.22 (August 2021) 83 Trusted 257
Trading 212 logoTrading 212 check 7.4 EUR 10 N/A 77 Average Risk 1785
Moneta Markets logoMoneta Markets check 7.3 $50 1.27 (September 2022) 71 Trusted 965
Trade Nation logoTrade Nation check 7.1 $0 0.6 83 Trusted 601
ACY Securities logoACY Securities check 7.2 $50 1.2 (Sept 2021) 75 Average Risk 1600
Eightcap logoEightcap check 7.2 $100 N/A 87 Trusted 326
ThinkMarkets logoThinkMarkets check 7.3 $250.00 N/A 86 Trusted 1674
BlackBull Markets logoBlackBull Markets check 7 $0 0.827 (August 2022) 74 Average Risk 26000
VT Markets logoVT Markets check 7.2 $200 1.2 (September 2021) 71 Trusted 168
easyMarkets logoeasyMarkets check 7.3 $100 0.9 (as of Mar 2020) 84 Trusted 199
TMGM logoTMGM check 7 $100 0.96 (July 2021) 79 Average Risk 12000
Exness logoExness check 7.2 $1 0.9 (as of May 19) 74 Average Risk 112
Spreadex logoSpreadex check 7.2 $0 -1 70 Average Risk 2000
IronFX logoIronFX check 7.1 $50 1.2 84 Trusted 340
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) check 7.1 $100 1.4 (Jan 2022) 69 High Risk 12000
Trade360 logoTrade360 check 7 $250 N/A 75 Average Risk 1062
AxiTrader logoAxiTrader check 7 0 N/A 83 Trusted 175
GKFX logoGKFX check 7 $0 N/A 66 High Risk 354
Vestle logoVestle check 7 -1 -1 79 Average Risk 750
TeleTrade logoTeleTrade check 7 $100 -1 67 High Risk 500
FXOpen logoFXOpen check 7 $100 N/A 80 Trusted 87
OctaFX logoOctaFX check 6.8 $25 0.6 (August 2021) 67 High Risk 80
Forex4you logoForex4you check 6.9 $0 -1 62 High Risk 150
LegacyFX logoLegacyFX check 6.8 $500 0 75 Average Risk 425
FXPrimus logoFXPrimus check 6.8 $100 N/A 69 High Risk 140
Alpari logoAlpari check 6.8 $20 N/A 67 High Risk 105
GBE brokers logoGBE brokers check 6.7 $500 -1 69 High Risk 500
TopFX logoTopFX check 6.5 Depends on payment method N/A 67 High Risk 655
ATFX logoATFX check 6.6 $500 -1 70 Average Risk 150
UFX logoUFX check 6.5 $100 3 (Jan 2021) 67 High Risk 619
Libertex (Forex Club) logoLibertex (Forex Club) check 6.5 $10 -1 72 High Risk 300
Xtrade logoXtrade check 6.5 $250 -1 80 Trusted 142
Tradeo logoTradeo check 6.4 $200 -1 67 High Risk 256

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Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Author

Marcus Taylor
Marcus Taylor

BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.


Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.
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