Top Ten Brokerage in Bangladesh

What is Brokerage Firm?

A brokerage firm’s goal is to act as a middleman between buyers and sellers (investors) so that more securities can be traded. A brokerage business generates revenue when a trade goes well by charging an extra fee on top of the price that was paid. When a transaction is successfully completed, brokers are frequently compensated in the form of commissions or fees.

What Differentiates a Brokerage Firm from a Bank?

When a broker helps people buy and sell things, he or she is not the owner of a business. They instead act as an agent for the business owner. An investment bank is different from a brokerage firm in that it only has clients who want to buy and sell things. An investment bank only has clients who want to maximize their profits grow. The primary function of the broker is to help the customer with their problems and solve them in exchange for a fee or a fee. There are a lot of broker jobs that are done today.

The Dhaka Stock Exchange (DSE)

Bangladesh has a considerable financial sector. The Dhaka Stock Exchange (DSE) is the largest stock exchange in Bangladesh. Although the DSE was founded in 1986, its history dates all the way back to 1954, when the country was still a part of Pakistan. Following that, it was renamed East Pakistan Stock Exchange Association Ltd. The DSE is one of the top 50 largest stock exchanges in the world right now. It has a market value of about $42.42 billion.

Chittagong Stock Exchange (CSE)

The Chittagong Stock Exchange (CSE) is the second-biggest stock exchange in Bangladesh, after the DSE. Brokers in Bangladesh help their clients trade on the CSE as well. It was built in 1995 and is in the Agrabad business district in Chittagong. The Chittagong Stock Exchange is a stock exchange in Bangladesh. It is in the city of Chittagong, which is near the port city. There are two financial centers in the country. This one is one of them.

How Much Does a Brokerage Business Charge?

Brokerage businesses impose varying fees or charges depending on the industry. However, the Bangladesh Securities and Exchange Commission has limited the maximum commission a brokerage company can charge its clients to 1% of the trading value.

The Major Functions of a Brokerage House :

Creating a BO Account :

In order to invest or trade on the stock market, a person must have a BO account. When an investor wants to open a BO account, they can do it manually or online with the help of a brokerage house. There are a lot of different fees for opening a BO account after CDBL gives you a Cap reward.

Transfer of Funds :

Customers must have funds in their BO account in order to buy and sell items on the market. They transfer money via banking channels such as the NPSB, BEFTN, and RTGS, as well as via mobile banking and other methods.

Fund Withdrawal :

Making it easy to withdraw funds from a brokerage firm’s BO account is just as critical as facilitating fund transfers.

Executing Orders for Trade :

People who work for brokerage firms, like banks, can also make trades on behalf of clients. Clients can place a trade order over the phone, on the internet, or even by going to the store. The brokerage firm is responsible for any money that the client loses because of their carelessness.

Facilitating the Process of Applying for an IPO :

To commemorate its debut on the stock market, a new firm issues its shares in an initial public offering (IPO). Investors will need to submit a bid and complete a fully financed application procedure in order to purchase these shares. A 10 taka fine per app is levied for unsuccessful attempts to meet the required standards.

Checking the Balances of the Portfolio and Ledger :

Brokerage businesses also monitor client portfolios and ledger balances on their clients’ behalf. Clients can check in with us periodically to help them make better trading selections.

List of Top Brokerage in Bangladesh :

Bangladesh does not have any well-known Forex or CFD brokers. They’re mostly not from Bangladesh, but there are a few that are. These people aren’t based in Bangladesh even though a few of them may have small offices there. Local traders often open accounts with foreign brokers that are licensed in Europe or other countries that are very regulated.

This article lists the top Bangladeshi brokers who have a good understanding of the financial markets. Clients in the neighborhood adore them all.

1. Royal Capital Ltd.

If you live in one of Royal Capital’s 15 branches across the country, you can get help with trading on both the DSE and CSE. After they joined the new Chittagong stock exchange ltd. in1996, their journey began. To speed up stock market investments, Royal Capital has been the first to try new things, like opening a BO account or applying for an IPO online; quick funds transfers; online money requests; and quick funds transfers and online money requests.

In order to assist their clients in making well-informed trade decisions, they have a well-established Research team called “Research & Innovation Lab.” A new Android app, “Royal Touch,” was launched in 2015 to provide trade-related services and an IPO application for RCL clients.

2. LankaBangla Securities Ltd.

Vanik Bangladesh Securities Ltd. is the trading name for LankaBangla Securities Ltd., which has been doing business on the DSE and CSE under the name “Vanik Bangladesh Securities Ltd.” since 1997. After a reorganization in 2005, the company’s name was changed to LankaBangla Securities Ltd.

LankaBangla Securities Ltd. is dedicated to creating the best stockbroker workforce in the country, with incomparable abilities, and an unparalleled level of perfectionist perfectionist perfectionism. Throughout addition, our ten branches in the country’s major cities and towns ensure that we can serve you no matter where you are in Bangladesh.

LBSL Research :

• Daily Market Reports
• Weekly Market Reports
• Company Updates
• Sector Report
• Macro Report
• IPO Updates
• Daily News Recap
• Market Pulse

3. AmarStock Limited

At AmarStock, a website that focuses on the stock market, you can find financial analysis, research, and a way to see data in a new way. There are a lot of charts and maps on the website that make it easy to read and understand its summary of a lot of data. As a result, traders can now quickly and easily combine a lot of complicated information in order to make quick decisions about what to do.

Amarstock Tools and Features :

There are both free and paid services on AmarStock for users to choose from. Stock screeners, market heat maps, comparison tools, performance indicators, and charts are some of the most important features. The basic site has all of the above features, but users can pay extra for extras like the ones below. The product can be used by both individuals and businesses. Traders who want to act quickly on new data and information should know how AmarStock works. Enriching your knowledge of the Dhaka Stock Exchange allows you to come up with new ideas and keep an eye on how money moves.

Premium Amarstock Features :

• Real-Time Quotes
• Intraday Charts
• Advanced Charts and Stock Screening
• Export Screener Results
• Technical Studies
• Alerts via Email/SMS/APP Alert
• Fundamental Stock Charts
• Ability to Preset Screener Criteria
• Custom Ranges and Views
• Layout Customization
• Determining Correlations
• Backtesting Technical Studies

4. Midway Securities Ltd.

Midway Securities Ltd. (TREC 142) has been a member of the Capital Market since 1975 and has garnered a tremendous response from investors. Midway Securities offers two different types of BO accounts. There are a variety of techniques to cut costs – 1) Savings BO & 2) Active BO, which offers a wide range of charges for a wide range of activities to its consumers.

They have helped many valued investors. Everything we do is based on prioritizing our clients’ needs. Midway Securities Ltd. was formed to promote a healthy capital market and provide superior services to a wide range of clients.

If you want to buy or sell stocks or other things, you need to go to BSEC, which stands for Bangladesh Securities and Exchange Commission. If you want to deposit money, the company is a full service depository participant of Central Depository Bangladesh Limited (CDBL), which is approved and supervised by the government of Bangladesh.

Services :

• DSE Mobile App
• BO Account Opening
• Apply For IPO
• Share Trading
• IPO Membership Club
• Easy Deposits
• Tax Report
• Daily Emails
• Easy Withdrawal : BEFTN
• CDBL – SMS Alert
• DSE Training Academy
• DSE Info App

5. EBL Securities Limited

EBL Securities Limited (EBLSL) is a wholly owned subsidiary of Eastern Bank Ltd. EBLSL is a company that Eastern Bank Ltd. owns 100%. As a stock broker, EBL Securities Ltd. got a license from the Bangladesh Securities and Exchange Commission (BSEC) to trade stocks and other securities for people.

The company is a member of both the Dhaka Stock Exchange Limited’s TREC (TREC No. 026) and the Chittagong Stock Exchange Limited’s TREC (TREC No. 028). (TREC No. 027). (TREC number 021) It can help you buy and sell stocks on both the DSE and the CSE. In addition, the company has a Depository Participant (DP) license.

The company currently operates two branches in Dhaka and Chittagong, as well as one in Motijheel. EBLSL has implemented the industry’s most advanced software, “Blue-chip,” which can be utilized for all brokerage services.

EBL Securities Ltd. is committed to become a preferred brokerage business via the backing of its highly skilled and experienced human resources. EBLSL offers a breadth of services to prominent corporate clients, individual investors, and financial institutions.

Services :

• Local Investor Services
• Electronic Services
• Depository Services
• Trading Services
• Panel Brokerage
• Client Services
• Margin Loan Facilities

6. MTB Securities LTD.

A branch of Mutual Trust Bank was opened in June 2006. The division was renamed MTB Securities Limited in accordance with Bangladesh Bank and SEC directives. MTB Securities Limited is a subsidiary of Mutual Trust Bank Limited. The firm was registered as a private limited company with the Registrar of Joint Stock Companies and Firms in Dhaka on March 1, 2010 in accordance with the Companies Act, 1994. MTB Securities Limited, a wholly owned subsidiary of Mutual Trust Bank Limited, became a member of the Dhaka Stock Exchange Limited on September 23, 2010 (TREC No. 197).

To serve the capital market, MTBSL has opened 13 (thirteen) branches. The company holds a stock broker & stock dealer license.

The company believes on providing valued customers with cooperation and value-added services. MTB Securities Limited, we believe, will continue to be critical to the capital market’s development and future expansion.

Services :

• Stock Brokerage
• Margin Trading
• Foreign Trading
• NRB Trading
• Depositary Participant

7. IDLC Securities Ltd.

IDLC Securities Ltd., a subsidiary of IDLC Finance Limited, imposes a brokerage fee of 0.40 percent on the transaction value services provided. It began in 1985 as a single-product lease finance company with five workers and has since grown to become the country’s largest multi-product multi-segment non-bank financial institution during the last 35 years. IDLC Finance Limited, being one of the industry’s most recognizable financial brands, has a strong and broad presence in the Corporate, SME, Retail, and Capital Markets categories.

IDLC today operates 40 locations and booths in more than 20 cities, employing over 1400 workers and serving more than 45,000 customers. It would be restrictive to declare that we are exclusively in the financial industry, as we wish to accomplish more. We work hard to assist individuals in achieving their dreams of owning a home, sending their children to a better school, taking a picnic in the family car, starting or developing a business, creating new jobs, and raising the nation.

In this sense, what inspires us is not the number of employees or customers, but the number of lives we have touched. Profits are critical, but so is being the source of countless smiles.

Our Values :

• Integrity
• Passion
• Simplicity
• Eco-Friendly
• Customer Focus
• Equal Opportunity
• Trust and Respect

8. City Brokerage Ltd.

City Brokerage was founded to service the financial markets’ institutional and individual clientele. City Brokerage’s full-service international standard brokerage is available to retail, institutional, and foreign clients. City Brokerage is a member of both the New York Stock Exchange and the Hong Kong Stock Exchange in order to give the finest service possible to both domestic and international investors.

City Brokerage wants to make sure that its local and international clients get the best service possible. The company wants to provide high-quality products and services at a reasonable price to all of its customers, which will make them more confident and raise the value of the company’s stock. It has a long history of providing great customer service while adhering to strict rules and being honest.

Services :

• Sales and Trading (Online/Offline)
• DP Service
• Equity Research
• Margin Facilities
• Electronic Services
• Institutional Booking

9. Mika Securities Limited

Mika Securities Limited is a well-established Dhaka Stock Exchange Limited brokerage firm that caters to retail, institutional, and high-net-worth clientele. We have been serving a varied customer since 2005. We are committed to aiding our clients in achieving financial success. In the complicated world of financial services, adapting to an ever-changing business environment is critical. Our clients benefit from a broad range of services.

Mika Securities Limited is committed to providing its clients with high-quality, customized services. The firm strives to offer high-quality products and services at competitive pricing. It has a proven track record of adhering to strong compliance and ethical standards while dealing with customers.

Services :

• iTrading & Online Services
• Priority Services
• Products & Services

10. E-Securities Limited

E-Securities Limited is a significant brokerage firm in Bangladesh. It works on both the Dhaka Stock Exchange (TREC #66) and the Chittagong Stock Exchange (TREC #52), which are both in Bangladesh. People in Bangladesh can trust us because we follow all of the country’s regulators’ rules and regulations. At the moment, 7 (seven) branches, including the Head Office, are running in different parts of Bangladesh, and they all work. They promise that they will take care of their clients. They always take pleasure in making their customers happy by making sure their money is safe and sound.

They revived them by assembling an efficient workforce committed to superior customer service. Their research team has compiled a comprehensive database of all publicly traded companies.

E-Securities Ltd. facilitates securities trading in Bangladesh. They support their clients’ research and information technology demands. They support you in achieving your goals through a combination of professional staff, training, advising, coaching, and mentoring.

Services :

• Stock Broking Services
• Research services
• Online deposit and withdraw
• Trusted advisor’s training
• FHA based BO opening facility
• Online trading facility
• One stop IPO application
• SMS notification