BCEL-Some important Details about This Broker
Abstract：BCEL established in 1975 is one of the biggest state-owned commercial banks in Lao PDR, with the stability and transparency in banking services. The Bank not only has various branches and service units throughout the country, but also being a leader in using ATMs, deposit machines, mobile and internet banking services which allow our customers access our services 24/7.
| BCEL Review Summary | |
| Founded | 1975 |
| Registered Country/Region | Lao PDR |
| Regulation | Not regulated |
| Products and Services | Deposits, Loans, Cards, Fund Transfers, Electronic Banking, Trade Finance, Utilities Payment |
| Demo Account | ❌ |
| Spread | USD ~270, EUR ~480 (approx. FX spread) |
| Trading Platform | BCEL One, BCEL i-Bank, FastTrack, BCEL OneProof |
| Customer Support | Tel:(+856-21)213200 |
| Fax:(+856-21) 213202 | |
| bcelhqv@bcel.com.la | |
BCEL Information
Founded in 1975, BCEL is a major commercial bank in Laos providing retail and corporate banking services. Though not a regulated broker, it offers various financial products including savings accounts, loans, fund transfers, and electronic banking tools.
Pros and Cons
| Pros | Cons |
| Broad range of personal and business banking services | Not regulated |
| Multiple digital banking tools and platforms | No demo or Islamic accounts |
| FX exchange service available with multiple currencies | No leverage for active trading |
Is BCEL Legit?
BCEL (Banque Pour Le Commerce Exterieur Lao Public) is not a licensed or regulated financial broker under Thailands financial regulatory authorities. Although it operates financial services such as deposits, loans, and fund transfers, it does not hold a trading or brokerage license from regulatory bodies like the FCA (UK), ASIC (Australia), CySEC (Cyprus), or the SEC (Thailand).
Products and Services
BCEL (Banque Pour Le Commerce Exterieur Lao Public) provides a range of banking products and services designed for personal as well as corporate use. Amongst these are utility payments, financial transfers, electronic banking, cards, loans, and deposit accounts.
| Product/Service | Available |
| Deposits | ✅ |
| Loans | ✅ |
| Cards | ✅ |
| Electronic Banking | ✅ |
| ATMs | ✅ |
| Fund Transfers | ✅ |
| Trade Finance | ✅ |
| Utilities Payment | ✅ |
| Other Services | ✅ |
BCEL Fees
BCELs trading-related fees, based on foreign currency exchange services, are generally competitive and in line with regional banking standards. Their exchange rates for major currencies such as USD, EUR, and JPY reflect standard banking spreads.
| Currency | Buy Rate (EFT) | Sell Rate |
| USD (1–100 Notes) | 21,345 | 21,615 |
| EUR (1–500 Notes) | 24,056 | 24,534 |
| GBP | 28,179 | 28,740 |
| AUD | 13,709 | 14,118 |
| JPY | 148.18 | 151.08 |
| SGD | 15,150 | 15,451 |
| CNY | 2,903 | 2,958 |
Account Types
BCEL offers several types of deposit accounts, each tailored to different customer needs. There is no indication of demo or Islamic (swap-free) accounts.
| Account Type | Description | Suitable For |
| Saving Account | Standard interest-bearing account | General users |
| Fixed Deposit Account | Time-bound savings with fixed interest | Long-term savers |
| Current Account | For frequent transactions, includes checkbook services | Business users, professionals |
| Kid Saving Account | Savings product for children | Parents saving for children |
| Pension Saving Account | Long-term retirement savings | Individuals planning for retirement |
| Deposit Protection Office | Coverage under deposit insurance scheme | All eligible account holders |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for What Kind of Traders |
| BCEL One | ✔ | Smartphone (iOS/Android) | Retail clients seeking mobile banking convenience |
| BCEL i-Bank | ✔ | Desktop, Tablet | Users preferring online banking via browser |
| FastTrack | ✔ | Smartphone | Fast access users for regular transactions |
| BCEL OneProof | ✔ | Smartphone | Users needing proof of transactions digitally |
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