TOP BROKERAGE IN BANGLADESH - Knowledge College (2024)

A brokerage firm is a financial corporation that aims to serve as an intermediary between buyers and sellers (Investors) to promote trade of securities. Brokerage firm obtains revenue by charging a fee on the price that is paid after the trade has been successfully concluded. While facilitating trade, a broker never performs in the role of a principal in the transaction, only takes the role of an agent. The fees or commissions charged by the brokerage firms vary among the industry. But In Bangladesh SEC has restricted the maximum amount of charge a certain Brokerage house can charge his clients is a maximum 1 percent of the trade value. Like any type of business, a brokerage firm has different departments to perform different functions, all of which are related in one way or another to trading and selling securities.

The key role of the broker is to address the customer’s issues and solve in exchange of commission or fees. There are, indeed, many broker functions that are performed today. The brokerage may:

Major Functions Performed By a Brokerage House

Opening BO account

To invest or trade in the stock exchange an investor has to have a BO account. An investor can easily open a BO account with the help of a brokerage house both manually and online. Different firms charge a different amount for opening a BO account given a Cap prize by CDBL.

Fund transfer

To Trade, Investors need to have money in their BO account. Facilitating the transfer of money through banking channels like NPSB, BEFTN, and RTGS or through mobile banking options or other mediums.

Fund Withdrawal

Similar to Fund transfer, easing the process of fund withdrawal from BO account is also an important function of a Brokerage firm.

Executing Trade orders

Brokerage firms is also entitled to execute trade order on behalf of their clients. Clients can issue a trade order through telecommunication or online or directly in the trading houses. If any kind of financial loses occur due to carelessness of brokerage house to the client, they are liable for that.

Mediating the IPO application process

When a new company gets enlisted in the share market, they issue their shares in the form of IPO for the very first time. To be able to purchase these shares investors need to place bid and go through a full funded application process. Failed attempts cast 10 taka per application being application.

Portfolio and Ledger balance checking

Brokerage firms also keep records of the client’s portfolios and ledger balances on behalf of their clients. Clients can follow up from time to time to take more informed trade decisions.

Safe keeping of securities

Brokerage firms ensures Safe keeping of their client’s securities on behalf of their clients.

Top ten Brokerage firms in Bangladesh

To have a successful trading experience a client needs to find an efficient brokerage house that has the ability to ease the trading experience and keeps up to date information on the market. Today we are going to discuss the features of the top ten brokerage firms in Bangladesh.

SO THAT, YOU CAN DECIDE WHICH ONE TO PICK!!

Royal Capital Ltd.

Royal Capital Limited provides services in both DSE and CSE trading Platforms with 15 branches all over the country. Clients can open BO accounts using their online platforms or manually by submitting necessary documents. They have well established Research team “Research & Innovation Lab” that publishes regular updates about the market scenario to help the clients to take well-informed trade decisions. They have their own Mobile Application “Royal Touch” to support the clients in managing their portfolio and check ledger balance, or even apply for Initial Public Offering.

LankaBangla Securities Ltd.

LankaBangla Securities Ltd. has been providing services in the name of “Vanik Bangladesh Securities Ltd.” in DSE and CSE since 1997. Then they rebranded themselves as LankaBangla Securities Ltd. in 2005 since the company’s transformation.

Midway Securities Ltd.

Midway Securities Ltd. has been a part of the Stock Market since 1975 and has been providing efficient service to the investors since then. Midway Securities offers two types of BO accounts 1) Savings BO 2) Active BO which offers different chargers for different activities for the convenience of their clients.

AmarStock Limited

AmarStock Limited is a kind of stock exchange and data website that offers financial analysis, research, and data visualization. It summarizes vast quantities of information into easily understandable charts and graphs that help the traders to make quick decisions and easily synthesize large quantities of complex information.

EBL Securities Limited

EBL Securities Limited (EBLSL) is a fully owned subsidiary of Eastern Bank Ltd. It is a Mutual Trader & Investment Dealer and actively engaged in providing trading support to its clients.

IDLC Securities Ltd.

IDLC Securities Ltd. is a subsidiary of IDLC Finance Limited which charges a nominal brokerage fee of 0.40% upon the trade value services provided.

MTB Securities LTD.

MTB Securities LTD. is a subsidiary of Mutual Trust Bank LTB and has been giving brokerage services since June 2006. Later on, under the direction of Bangladesh Bank and Securities and Exchange Commission, it was established as a subsidiary of Mutual Trust Bank Limited on behalf of MTB Securities Limited.

E-Securities Limited

One of the leading brokerage houses in Bangladesh, E-Securities Limited was established on 24^th July 2002. It complies with the rules and regulations of Bangladesh Securities and Exchange Commission, Dhaka Stock Exchange Limited, Chittagong Stock Exchange Limited, and other regulators.

City Brokerage Ltd.

The City Brokerage has beenestablished to serve the needs of institutional and individual investors in terms of their capital market business. City Brokerage provides corporate, institutional and global business customers full-scale quality brokering services.

Mika Securities Limited

Mika Securities Limited is one of Dhaka Stock Exchange’s leading brokerage firms with a range of institutional investors, high net worth individuals and corporations. Since 2005 we have supported a broad range of clients with brokerage services.

SO!! Take your Pick!!

& WELCOME to the world of securities.

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