Forex Bangladesh- Foreign Exchange as FOREX is globally recognized for last decades and over a billion of people are directly involve in the Forex Market.
Like others, right now Bangladeshis are participating in the Forex market in a high volume. If we watch the scenario of 4-5 years back then we get a clear view of the Trader percentage in Bangladesh. We are pretty much sure that, on that time maximum 2-5% had a knowledge of Forex Market and its operations but things are changing now!
Right now, you can not find anyone who does not have any idea about Forex Trading. Though our Economic condition is not suitable for Forex just because of\ we do have some restriction in Currency transaction from Home to Abroad ruled by Bangladesh Bank.
But scenario is changing gradually because almost 60% of youth are Directly or Indirectly connected with Outsourcing. so, they are using several payment gateway to receive money from their individual Buyers to Job Portal. But the most funny thing is, Still we do not have any access in PayPal.
isn’t it funny!! yes it is. From 2012-2015 we are waiting for Paypal operations in our country “Declared by Govt. Officials”
but still we do not have.
As a developing country and interest on forex market, several Brokers are expanding their business in Bangladesh. today, almost each and every reputed broker in forex market does offer trading from Bangladesh.
mostly important thing is, sometimes they do offer support in your local language also but unfortunately again we have to face some barriers. Due to Central bank restrictions none of any Broker will not be able to open regional office in Bangladesh. isn’t is strange ? but its true.
so the relation between Forex and Central bank is not good in our country and as a result we local traders have to face some difficulties over time. we do expect this situation will be end one day.