Bank Asia Securities Limited

WikiFX | 2024-12-18 17:55

Abstract：Bank Asia Securities Limited, short as BASL, is a full-service brokerage company in Bangladesh who offers a wide array of financial services to traders including Panel Broking, Margin Loan, CDBL Services, Brokerage Services and Wide Branch Network . It is, however, significant to mention that the broker currently operates without any valid oversight from recognized regulatory entities, which should raise investors' great attention.

Bank Asia Securities Limited Review Summary
Founded	2014
Registered Country/Region	Bangladesh
Regulation	Unregulated
Market Instruments	Panel Broking, Margin Loan, CDBL Services, Brokerage Services, Depository Services
Demo Account	❌
Leverage	/
Spread	/
Trading Platform	DSE-Mobile (App), DSE-Mobile VIP, DSE-Mobile Trader, DSE-Mobile Biz Owner, DSE-Investor (Web)
Min Deposit	/
Customer Support	Hadi Mansion (2nd Floor), 2 Dilkusha Commercial Area, Dhaka-1000, Bangladesh
	info@basl-bd.com
	+8802-47119242, +8802-223387884

Bank Asia Securities Limited Information

To institutional and personal investors in Bangladesh, Bank Asia Securities Limited mostly provides margin loans, brokerage, and depository services. BASL lets trading across several financial items using a strong branch network and access to Dhaka Stock Exchange systems.

Pros and Cons

Pros	Cons
Wide range of financial services and trading products	Unregulated
User-friendly DSE-Mobile platform options	Limited information on fees and spreads
Accessible branch network	No demo accounts

Is Bank Asia Securities Limited Legit?

Bank Asia Securities Limited is not regulated and does not hold any legitimate licenses, either in its home country of Bangladesh or by internationally recognized regulators such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission. Investors face enormous risks due to a lack of regulation, as there are no oversight procedures to protect financial stability and trading integrity.

According to WHOIS, the domain basl-bd.com was registered on June 14, 2014 and is currently live. The domain is planned to expire on June 13, 2029, with the last update scheduled for December 8, 2024.

Services and Products

Emphasizing brokerage, margin loans, and depository activities, Bank Asia Securities Limited offers a spectrum of financial services and products to its customers. By means of a large branch network, these services provide accessibility to both institutional and individual investors.

Tradable Instruments	Supported
Panel Broking	✔
Margin Loan	✔
CDBL Services	✔
Brokerage Services	✔
Wide Branch Network	✔
Depository Services	✔

Bank Asia Securities Limited Fees

Service Fee: BDT 125.00 (including VAT and tax) per connection per month for TREC holders.

Investor Charges: No additional registration, commission, or transaction fees except DSE-imposed charges.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for what kind of traders
DSE-Mobile (App)	✔	iOS, Android	Retail investors seeking real-time market updates and trading capabilities.
DSE-Mobile VIP	✔	iOS, Android	Investors needing professional portfolio management and order execution.
DSE-Mobile Trader	✔	iOS, Android	Investors managing their orders independently (submission, modification, cancellation).
DSE-Mobile Biz Owner	✔	iOS, Android	Business owners monitoring broking business activities (dealer accounts).
DSE-Investor (Web)	✔	PC, Laptop (HTML-5 browsers)	Investors preferring browser-based portfolio monitoring and order management.

Deposit and Withdrawal

For its clients' BO ( beneficiary owner), Bank Asia Securities Limited (BASL) provides easy deposit and withdrawal systems. Clients can make checks or cash physically through BASL's bank account as well as monies into their portfolio accounts kept maintained with BEFTN/RTGS/NPSB.