If you are looking to invest in the stock market, UCB Stock Brokerage Limited is the top brokerage house in Bangladesh. A profitable method to increase your wealth is through stock market investing. However, it necessitates strategic thought. The choice of the appropriate brokerage company is one of the most crucial choices you’ll make as an investor.
You and the financial market are connected through a brokerage firm. It gives you the ability to purchase and trade stocks, bonds, and other types of securities. Your investment returns may be impacted by your choice of brokerage firm. Because various firms provide different services, charges, and resources.
We’ll talk about the best stock brokerage house in Bangladesh in this blog article. We’ll also go over the essential criteria to look for in a trading firm. So that you can choose wisely and get the most out of your investments.
Top Brokerage Houses in Bangladesh
Stock market investing can be intimidating, particularly for newcomers. Brokerage companies offer direction and counsel to aid investors in making wise choices. Knowing the best business firms in Bangladesh is crucial because the country has many of them. The following list includes the best stock brokerage house in Bangladesh:
UCB Stock Brokerage Limited
A subsidiary of United Commercial Bank PLC, established in 2013. It is the top brokerage house in Bangladesh. They are a TREC Holder with both the Dhaka and Chittagong Stock Exchange Limited. Also a Depository Participant of Bangladesh’s Central Depository Limited. This brokerage firm has a five-member research team, including three CFA charter holders. And assist significant international portfolio investors. UCB Stock Brokerage Limited helps major portfolio investors from the US, Europe, and Asia to invest in Bangladesh.
LankaBangla Securities Limited
Began its journey in 1997 as Vanik Bangladesh Securities Limited, renamed in 2005. They are a subsidiary of LankaBangla Finance Limited. They maintain their position as one of the most popular stockbrokers. The company offers mobile app services, TradeXpress for Android users, and iBroker for IOS users, as well as an Order Management System.
IDLC Investments Limited
A prominent brokerage business in Bangladesh.And a trusted name to both foreign and domestic investors. IDLC Securities Ltd. is licensed by Bangladesh Securities and Exchange Commission (BSEC). It acts as a stockbroker as well as a stock dealer. They have an online trading platform named iTrade and ten branches.
BRAC EPL Stock Brokerage Limited
Founded in the early 2000s as a brokerage house. It is authorized by the Securities and Exchange Commission of Bangladesh. They offer their services to international institutions, domestic institutions, retail clients, and non-resident Bangladeshis (NRBs). They have eight branches in different locations.
Islami Bank Securities Limited (IBSL)
A subsidiary of Islami Bank Bangladesh Limited (IBBL), established in 2010. They operate aiming to conduct stock brokerage and trading in the capital market. The Company has four branches across the country. They are dedicated to providing clients with good value for money and top-notch trading services.
Royal Capital Ltd.
Founded in 1996, Royal Capital Ltd. is a member of both Chittagong and Dhaka Stock Exchanges. They offer research services and trade on both platforms. Clients can manage portfolios and file for IPOs on their mobile app “Royal Touch”.
Midway Securities Ltd.
Midway Securities Ltd. has been part of the Capital Market since 1975. It has 6 branches across the country. They offer two types of BO accounts and are a full-service depository participant. You must visit the Bangladesh Securities and Exchange Commission or BSEC to buy or sell stocks.
City Brokerage Ltd.
Established in 2010, City Brokerage Ltd. is a wholly-owned subsidiary of The City Bank Limited. They have membership in both Dhaka and Chittagong Stock Exchanges and have 6 branches. Their highly qualified professionals uphold ethical standards to deliver quality service. Clients can use their mobile app CityTrade to access their services.
Sheltech Brokerage
Sheltech Brokerage was established in 2014 and is a subsidiary of Sheltech Private Limited. It is one of the most prominent real estate moguls in the country. The brokerage firm provides a range of services to investors, individuals, and institutional and foreign clients. They are a leading full-service broker on the Dhaka Stock Exchange. They place great value on orthodoxy and conservatism when it comes to their clients’ assets.
Sheltech Brokerage offers margin facilities with care and assistance to ensure the best customer experience. They also provide cutting-edge sales services and the best pricing for their customers. The firm is committed to maintaining high ethical standards and delivering the finest service to their clients.
SIBL Securities Limited
SIBL Securities Limited is a subsidiary of Social Islami Bank Ltd. It began its journey in January 2012. They obtained their license from Bangladesh Securities and Exchange Commission as Stock Broker & Stock Dealer. They are members of both the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.
SIBL Securities has two branches in Dhaka and Chittagong. And also an extension office in Motijheel, Dhaka. They use the latest software called “Blue-chip. It is capable of providing all the necessary services that a brokerage house should provide. The company employs highly skilled and experienced human resources. They assist investors in achieving their financial objectives.
Factors to Consider When Choosing The Top Brokerage House In Bangladesh
Reputation and history: It’s crucial to pick a brokerage company with a solid history and reputation in the industry. Look for ratings and comments made by other buyers. Additionally, look into the background and expertise of the business.
Brokerage fees and charges: The fees and payments that various brokerage firms impose on their clients vary. Think about the costs associated with purchasing and selling stocks. Ask about any account upkeep or inactivity charges as well.
Trading platforms and tools: Your investment experience may be impacted by the trading platform and tools offered by a brokerage company. Look for a dependable, user-friendly website. Additionally, it provides a variety of features and instruments to assist you in making wise investment choices.
Customer support: It’s significant to pick a brokerage company in case you require assistance or have a query. And the selected house should offer dependable and helpful customer service and support.
Conclusion
Making the best brokerage house choice is a vital first stage in your investment journey. Your financial returns may vary depending on the brokerage firm you select. It also has an impact on how you spend in general. You can make an educated choice and pick a brokerage house that is in line with your financial objectives. You can do it by taking into account factors like reputation, fees, trading platforms, and customer service.
Remember that not every investor will be a good fit for the finest brokerage houses in Bangladesh. Examine your own investment requirements and tastes. And pick a trading firm that satisfies those criteria.
Growing your money through stock market investments can be rewarding. And a crucial step in that procedure is picking the top brokerage house in Bangladesh. First preference for this should go to UCB Stock Brokerage Limited. With the proper brokerage firm by your side, you can successfully navigate the stock market and meet your investment objectives.
