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Best discount brokers in Bangladesh in 2022
Interactive Brokers logo
Passfolio logo
TradeStation Global logo
Zacks Trade logo
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To help you find the best discount brokers in 2022 for citizens in Bangladesh, we went ahead and did the research for you. So what did we focus on? Fees, fees and fees. We don't like them and surely you don't either. After carefully checking 101 brokers for fees, 5 made it to the top. And now, without further ado...

The top 5 picks for the best discount brokers for Bangladeshi citizens in 2022:

  1. Interactive Brokers is the best discount broker in Bangladesh in 2022. Low trading and non-trading fees, free stock and ETF trading for US customers.
  2. Passfolio takes second place. Free stock and ETF trading, average non-trading fees.
  3. TradeStation Global rounds out the top three. Low trading and average non-trading fees.
  4. Zacks Trade is ranked fourth. Low trading and non-trading fees, high fund fees.
  5. eToro just made it to the list at number five. Low trading fees, high non-trading fees, free stock and ETF trading.
Best discount brokers in 2022 for Bangladeshi citizens
Broker Info Fees score
#1 Interactive Brokers International broker providing all asset classes 4.5 stars
#2 Passfolio Global zero-commission stockbroker 4.3 stars
#3 TradeStation Global UK-based global stockbroker 3.9 stars
#4 Zacks Trade US discount broker 4.2 stars
#5 eToro Global social trading broker 4.3 stars

What makes a good discount broker? Well, did we mention low fees? This includes commissions, financing rates, and, let's not forget, non-trading fees like inactivity or withdrawal fees. The table above gives you a good hint; the scores include all fees, with 5.0 being the best. Besides low fees, a good discount broker should also offer access to a lot of markets and products, because providing low fees in more than one asset class is not an easy job. All brokers in our list offer real stocks, but we also looked into whether you can trade currencies, options or mutual funds.

These features may sound obvious and easy to list, but they're hard to figure out. We are testing brokers based on close to 500 criteria, using real accounts and real money. We know what's going on.

For a tailored recommendation, check out our broker finder tool. Answer 4 simple questions and get a list of the most relevant brokers.

And now, let's see the best discount brokers for Bangladeshi citizens in 2022 one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best discount broker
Interactive Brokers

4.9

Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

Given that the broker has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. The fact that it has a long track record and publicly disclosed financials while being listed on a stock exchange all point to IB being a safe service provider.

Interactive Brokers recently launched a new app for global stock trading: read our review of IBKR GlobalTrader.

In addition, Interactive Brokers also has an app you can use for ESG investing: read our review of IMPACT by Interactive Brokers.

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#1 Interactive Brokers
Fees
4.5

Interactive Brokers has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is free if they choose the Lite plan.
Pros Cons
Low trading fees None
Free stock and ETF trading for US clients
Low margin rates
Interactive Brokers trading fees
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
US stock $1.0 $0.0 $1.5 $1.0 $0.0
UK stock $4.2 - $2.4 $16.8 $0.0
EURUSD benchmark fee $10.4 - $10.4 - $7.8
US stock index options $6.5 - $15.0 $7.8 -
Mutual fund $15.0 - $25.0 $27.5 -
Interactive Brokers non-trading fees
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
Account fee No No No No No
Inactivity fee No No No No Yes
Withdrawal fee $0 $0 $0 $0 $5

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#1 Interactive Brokers
Markets and products
5.0

At Interactive Brokers, you have access to an extremely wide range of markets and all product types are available.
Interactive Brokers markets and products
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex Yes No Yes No Yes
Funds Yes No Yes Yes No
Bonds Yes No Yes Yes No
Options Yes No Yes Yes No
Futures Yes No Yes No No
CFDs Yes No Yes No Yes
Crypto Yes Yes Yes No Yes

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Passfolio Logo

#2 Best discount broker
Passfolio

4.5

Passfolio, a global zero-commission stockbroker, is a young and ambitious brokerage founded in 2018. It is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In addition to the top-tier regulation, clients also enjoy investor protection under the SIPC policy of Passfolio's clearing firm for up to an additional $30 million (with a cash sub-limit of $900,000 per account), subject to an aggregate limit of $150 million.

Although Passfolio is a global broker, there is a distinct focus on Brazilian customers, as evidenced by the fact that a good portion of the content it offers is available in Portuguese. 

Passfolio is considered safe because it is regulated by top-tier authorities and offers extra protection to investors. 

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#2 Passfolio
Fees
4.3

Passfolio has attractive fees, as trading in all assets except for cryptos is free of charge above a trade value of $5. On the other hand, most withdrawal options carry a fee.
Pros Cons
Free stock and ETF trading above $5 Withdrawal fee
No account opening and maintenance fees High margin rates for stock trading
Passfolio trading fees
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
US stock $1.0 $0.0 $1.5 $1.0 $0.0
UK stock $4.2 - $2.4 $16.8 $0.0
EURUSD benchmark fee $10.4 - $10.4 - $7.8
US stock index options $6.5 - $15.0 $7.8 -
Mutual fund $15.0 - $25.0 $27.5 -
Passfolio non-trading fees
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
Account fee No No No No No
Inactivity fee No No No No Yes
Withdrawal fee $0 $0 $0 $0 $5

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#2 Passfolio
Markets and products
2.2

Passfolio offers stocks, ETFs, REITs and ADRs traded on US stock exchanges, as well as cryptos. Popular assets such as mutual funds, bonds and options are not available.
Passfolio markets and products
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex Yes No Yes No Yes
Funds Yes No Yes Yes No
Bonds Yes No Yes Yes No
Options Yes No Yes Yes No
Futures Yes No Yes No No
CFDs Yes No Yes No Yes
Crypto Yes Yes Yes No Yes

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TradeStation Global Logo

#3 Best discount broker
TradeStation Global

4.6

TradeStation Global is a brand of TradeStation International Ltd, which is based in the UK and is regulated by the top-tier Financial Conduct Authority (FCA).

TradeStation Global is a combined product offered by Interactive Brokers (IB) and TradeStation for clients outside the EU/EEA. Here are its most important elements:

  • The account opening, deposit/withdrawal options, and available products are the same as at Interactive Brokers.
  • You can use both Interactive Brokers's and TradeStation's own desktop platform.
  • TradeStation Global charges its own fees, and offers its own customer support and educational tools.

Both Interactive Brokers and TradeStation are reputable brokers, regulated by top-tier financial authorities. While Interactive Brokers is listed on the NASDAQ, TradeStation itself is not: only TradeStation's parent company Monex is listed, on the Tokyo Stock Exchange.

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#3 TradeStation Global
Fees
3.9

TradeStation Global has low trading fees, especially for stocks and ETFs. There's no inactivity fee and the first withdrawal each month is free. However, mutual fund fees are high.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
TradeStation Global trading fees
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
US stock $1.0 $0.0 $1.5 $1.0 $0.0
UK stock $4.2 - $2.4 $16.8 $0.0
EURUSD benchmark fee $10.4 - $10.4 - $7.8
US stock index options $6.5 - $15.0 $7.8 -
Mutual fund $15.0 - $25.0 $27.5 -
TradeStation Global non-trading fees
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
Account fee No No No No No
Inactivity fee No No No No Yes
Withdrawal fee $0 $0 $0 $0 $5

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#3 TradeStation Global
Markets and products
4.9

With TradeStation Global, you can access the same range of product types and exchanges as at Interactive Brokers. This selection is one of the widest among online brokers.
TradeStation Global markets and products
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex Yes No Yes No Yes
Funds Yes No Yes Yes No
Bonds Yes No Yes Yes No
Options Yes No Yes Yes No
Futures Yes No Yes No No
CFDs Yes No Yes No Yes
Crypto Yes Yes Yes No Yes

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Zacks Trade Logo

#4 Best discount broker
Zacks Trade

4.4

Zacks Trade is a US-based discount broker and a division of LBMZ Securities. LBMZ Securities was founded in 1978 and is regulated by the top-tier US financial authorities SEC and FINRA.

LBMZ Securities's clearing and execution services are provided through Interactive Brokers, a global stockbroker regulated by many top-tier financial authorities globally.

If you're familiar with the services of Interactive Brokers, you might notice that many of Zacks Trade's services are the same. To sum up:

  • Zacks Trade has its own, different fee structure, product selection, educational tools and customer support. Unlike at Interactive Brokers, trading forex, CFDs and futures is not supported.
  • The account opening and deposit/withdrawal processes, trading platforms and research tools are the same as at Interactive Brokers.

Zacks Trade is considered safe because it has a long track record and is overseen by top-tier regulators.

Since Zacks is more expensive than IB, why would anyone favor Zacks over Interactive Brokers? We found two possible reasons:

  • Zacks falls under SEC regulation and users have SIPC protection, no matter where they live
  • Zacks provides free broker-assisted trading

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#4 Zacks Trade
Fees
4.2

Zacks Trade has low trading and non-trading fees. Its stock, ETF and bond trading fees are especially low, while mutual fund fees are quite high.
Pros Cons
Low stock and ETF fees / Free stock trading High fund fees
No withdrawal fee
No inactivity fee
Zacks Trade trading fees
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
US stock $1.0 $0.0 $1.5 $1.0 $0.0
UK stock $4.2 - $2.4 $16.8 $0.0
EURUSD benchmark fee $10.4 - $10.4 - $7.8
US stock index options $6.5 - $15.0 $7.8 -
Mutual fund $15.0 - $25.0 $27.5 -
Zacks Trade non-trading fees
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
Account fee No No No No No
Inactivity fee No No No No Yes
Withdrawal fee $0 $0 $0 $0 $5

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#4 Zacks Trade
Markets and products
3.5

Zacks Trade offers international stocks, ETFs and bonds, which is fairly unique for a US broker, as well as US funds and options. However, you cannot trade futures or forex.
Zacks Trade markets and products
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex Yes No Yes No Yes
Funds Yes No Yes Yes No
Bonds Yes No Yes Yes No
Options Yes No Yes Yes No
Futures Yes No Yes No No
CFDs Yes No Yes No Yes
Crypto Yes Yes Yes No Yes

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eToro Logo

#5 Best discount broker
eToro

4.7

eToro is a well-known Israeli fintech company and a social trading broker, established in 2007.

Check out our eToro review tailored to the needs of beginner investors and traders.

eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC)-regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its website and does not have a bank parent.

Being regulated by the top-tier FCA and ASIC is a good sign for eToro's safety.

HEADS UP: Minimum deposit based on residency and account activation - Be sure to check the minimum deposit required to activate your account. After uploading your documents, a deposit is also needed to be available to trade and it would be based on your residency, ranging from $10-$10,000. More details are available in the eToro review’s Account opening section.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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#5 eToro
Fees
4.3

eToro offers free stock and ETF trading, while forex and CFD fees are low. On the negative side, non-trading fees are high, including a $5 withdrawal fee.
Pros Cons
Low trading fees Inactivity fee
Free stock and ETF trading $5 withdrawal fee
Low forex and CFD fees
eToro trading fees
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
US stock $1.0 $0.0 $1.5 $1.0 $0.0
UK stock $4.2 - $2.4 $16.8 $0.0
EURUSD benchmark fee $10.4 - $10.4 - $7.8
US stock index options $6.5 - $15.0 $7.8 -
Mutual fund $15.0 - $25.0 $27.5 -
eToro non-trading fees
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
Account fee No No No No No
Inactivity fee No No No No Yes
Withdrawal fee $0 $0 $0 $0 $5

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#5 eToro
Markets and products
4.3

At eToro, you can trade CFDs and forex, as well as real stocks, ETFs and many cryptos. Innovative services like social trading and Smart Portfolios are also available.
eToro markets and products
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex Yes No Yes No Yes
Funds Yes No Yes Yes No
Bonds Yes No Yes Yes No
Options Yes No Yes Yes No
Futures Yes No Yes No No
CFDs Yes No Yes No Yes
Crypto Yes Yes Yes No Yes

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Your capital is at risk

Best discount brokers
What makes a good discount broker?

You're probably wondering how we came up with this list. To get a better understanding, let's discuss the following three points:

  • What is a discount brokerage?
  • Why do we think these brokers are reliable?
  • What were the most important criteria when we picked the best discount brokers?

What is a discount broker?

A discount broker is a brokerage company that executes your buy and sell orders at a low trading fee. Discount brokers can afford to charge lower fees because, unlike full-service brokers, they usually don't provide extra services such as research, personal investment advice, tax planning or robo-advisory.

The difference between full-service brokers and discount brokers has blurred somewhat in recent years. Discount brokers started to offer extra services as well, like research; while full-service brokers started to lower their fees. The traditional brokerage and wealth management industry is under fee pressure from increasingly cost-effective online broker companies.

Many US brokers have slashed their fees to zero and now promote commission-free trading, following in the footsteps of brokers such as Robinhood. Drawbacks for some of these commission-free brokers include the limited number of assets you can trade (for example, mutual funds are less likely to be offered), so some investors and traders still prefer traditional discount brokers, where order execution also tends to be better compared with zero-commission brokers.

Are these brokers reliable?

These brokers are all considered reliable. They are regulated by at least one top-tier financial authority. We at BrokerChooser distinguish between mid-tier and top-tier regulators, based on various factors with the most important being the investor protection amount.

How did BrokerChooser pick the best discount brokers?

We tested brokers based on almost 500 criteria, using real accounts and real money. When we selected the best discount brokers, the primary selection criteria were fees. Importantly, we only included brokers where you can trade real stocks. This means that we excluded brokers where stocks were only offered through CFDs.

We calculated the rankings based on trading fees for all asset classes, such as stock fees; as well as fees not directly related to trading, such as withdrawal fees. We also assigned a higher score to brokers that offer a wide range of asset classes, because providing low fees in more than one asset class is not an easy job and definitely a big plus for investors.

Lastly, we incorporated additional criteria to measure the overall quality of the broker: if the account opening process, customer service and other aspects of the broker are high quality, they all boosted the overall score.

Best discount brokers
Bottom line

You saw the details, now let's zoom out. Here are the best discount brokers in 2022 for citizens in Bangladesh:

Best discount brokers in 2022 for Bangladeshi citizens
Interactive Brokers Passfolio TradeStation Global Zacks Trade eToro
Fees score 4.5 stars 4.3 stars 3.9 stars 4.2 stars 4.3 stars
Stock and ETF fee scores 4.8 stars 5.0 stars 4.7 stars 4.5 stars 5.0 stars
Markets and products score 5.0 stars 2.2 stars 4.9 stars 3.5 stars 4.3 stars
Deposit and withdrawal score 3.0 stars 2.8 stars 3.5 stars 3.5 stars 3.9 stars
Account opening score 3.2 stars 5.0 stars 2.5 stars 2.5 stars 5.0 stars
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Interactive Brokers is our winner, the best discount broker in Bangladesh in 2022. Low trading and non-trading fees, free stock and ETF trading for US customers.

All of these brokers are considered a great choice. Pick the winner or any runner-up, and save a lot of money on fees. Let us know what you think in the comment section.

Still unsure? Check out our broker finder tool and find the best broker for you, or learn more about how to invest your money.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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