BRAC EPL Review 2026: A Major Dhaka Stockbroker with a 2.06 WikiFX Score and No Recorded Regulation

BRAC EPL is a Bangladesh stockbrokerage, not a Forex broker, and that distinction matters before anyone opens an account. WikiFX identifies the operator as BRAC EPL Stock Brokerage Limited, founded in Bangladesh in 2009, and scores it 2.06 out of 10. The broker's own profile calls it an unregulated provider focused on equity brokerage, depository services, IPO access and bKash funding, with no demo account.

Company Profile

BRAC EPL Stock Brokerage Limited was founded in Bangladesh in 2009, according to the profile held on WikiFX, and is based in Dhaka at Symphony (3rd Floor), Gulshan Avenue. Its listed services include equity brokerage, full depository participant (DP) service, IPO support, retail and non-resident Bangladeshi (NRB) brokerage, SMS alerts and online BO account applications. Its website calls it one of the leading stockbrokers in Bangladesh, serving institutions, retail clients and NRBs.

WikiFX Dealer Page

Regulation and Safety

The central finding for anyone searching BRAC EPL regulation is that WikiFX shows no regulatory records for the firm, which is the main reason behind the 2.06 score. That absent record does not prove wrongdoing on its own, but it means there is no recorded supervision shown here to fall back on.

The picture shifts on the broker's own website. Its pages reference BSEC regulations, and a related page describes BRAC EPL as a brokerage house licensed by the Securities and Exchange Commission of Bangladesh with membership at the country's stock exchanges. Those are the broker's own claims rather than records confirmed in WikiFX, so anyone moving forward should verify its current BSEC registration and Dhaka Stock Exchange membership directly.

Products and Trading Platform

The “broker” label can mislead, because BRAC EPL is not a Forex or CFD venue. Its profile marks equity as supported while listing Forex, commodities, indices, crypto, bonds, options and ETFs as unsupported. In practice it is a gateway to Bangladesh-listed shares and treasury bonds through a BO account, with trading and login handled through the BRAC EPL iDesk portal and the bKash app on mobile.

On cost, the profile states a commission of up to 1% of total trade value. Account opening uses an online BO application, with funding via bKash and EFT/BFTN/RTGS.

Final Thoughts

On balance, BRAC EPL looks like a long-established Dhaka brokerage with a real local footprint, and its product set is genuinely local-market equity brokerage. The caution is that WikiFX shows no regulatory records for it, which drives the low score and the need to verify before trusting funds to it.

If you are a Bangladesh investor or an NRB planning to trade DSE-listed shares, confirm the firm's current BSEC registration and DSE membership before opening a BO account, start small, and test a withdrawal early. You can also check the broker's live WikiFX score and any new complaints in the WikiFX App.