The 10 Best Brokerage Accounts For Beginners In Bangladesh

For the best brokerage accounts for beginners in Bangladesh. A brokerage account also known as a securities account holds financial assets on behalf of an investor with a broker, bank, or custodian. Read on to learn more.

Key Takeaways

  • How to Start Investing in Bangladesh
  • List of the Top 10 Brokerage Houses in Bangladesh
Best Brokerage Accounts For Beginners In Bangladesh

What Is A Brokerage Account?

A brokerage account is an investment account that enables the exchange of a variety of investments such as ETFs, bonds, mutual funds, and stocks. It is also known as a taxable investment account.

The account allows investors to use their funds however and whenever they want.

Also, investors use the account for marginal trading.

Types Of Brokerage Accounts

Brokerage accounts are of different types.

1. Full-Service Brokerage Account

Full-service brokerage account provides clients with different services comprising retirement planning support, investment, and wealth management advice.

It is the best trading platform for an individual who cannot stay up to date on financial news and regulations.

It has a high commission.

2. Online Brokerage Account

An online brokerage account is a discount brokerage account that allows online direct buying and selling of investments.

Unlike full-service brokerage accounts, online brokerage account has low commission because of low overhead cost.

3. Discount Brokerage Account

A discount brokerage account offers stock trading and other investment trading based on the client’s desires.

It does not provide any financial and wealth service advice and it has a low commission.

4. Retirement Brokerage Account

It is a tax-advantaged account for long-term investment.

It allows you to defer taxes on your investment until withdrawal after age 59.5.

How to Start Investing in Bangladesh

Investing in the share or stock market is one of the most outstanding ways to expand your wealth.

Though it can be overwhelming mostly if you’re a beginner, the foremost way you can start is by attaining experience and the following:

Set out Your Goals: Before starting to invest, you need to know your goals-main the reason you are going into the investment in Bangladesh such as, do you want to earn money? Or do you want to learn more about investment in Bangladesh?

Analyze the Stock Market: As a new investor who wants to start investing in, you need to research the stock market as it is a volatile and high-risk investment. Study the different types of stock markets:

Primary Stock Market: It is the main market where organizations sell their shares directly to the public. The aim is to create awareness about the organization’s performance and to enable investors to buy public shares. It requires IPO( Initial Public Offering).

Secondary Stock Market: It is the stock market where stocks sold by the owners are traded between investors (investors resell the purchased stocks). It enables small investors to buy and sell shares 9f organizations they cannot get access to via the primary market. The market requires a Beneficiary Owner’s (BO) account.

Account Opening: Account opening is the best step after studying the stock market. Open a Bo account in any broker house. The account is similar to a bank account (you. can deposit and withdraw money) the only difference is that you open it at a broker’s house.

Locality BO Account Opening: You can open an individual and joint account using a BO. To open it, you must have an account with a can’t in Bangladesh. Nonresident applicants must have an FC or Nonresident Bangladesh (NRB) account.

Online BO Account Opening: You can open a BO account online in Bangladesh by using the broker’s website.

However, you are required to provide legal documents about yourself such as:

  • Your name and photo.
  • A copy of your valid National ID Card.
  • Joint applicant and nominee (scan).
  • Nominees Photo.
  • A copy of the bank check.
  • The photo of the second applicant (in a joint account).
  • TK payment (optional).

Start Investing: When you have opened and verified your account, start with a small investment to discern the risks involved before investing huge.

How to Buy and Sell Stocks in Bangladesh

To buy and sell stocks in Bangladesh, you need to:

Be Present in Person at the Brokerage House: Be physically present to purchase the stock you need to sell to ascertain and adjust the changes in the stock market.

Communicate with the Broker: Always call or message your broker to reach out to her to update you with the latest news in the stock market.

Use DSE Mobile App: DSE mobile app is a platform that enables stock selling in Bangladesh. To use it, you will have to register through the brokerage house. However, an extra monthly charge is involved for using the app but has been waived for 3 years now.

List of the Top 10 Brokerage Houses in Bangladesh

QB investors can find many brokerage houses in Bangladesh but below are the top 10:

1. Royal Capital Limited

Royal capital limited is the first to explore innovative techniques to facilitate stick market investments including creating a BO account or regarding an IPO online: online money requests, rapid funds, and fast funds transfers.

It was established in 1996 when it became a component of the newly formed Chittagong Stock Exchange Ltd. Presently, they are a component of the DSE (Dhaka Stock Exchange).

Royal Capital Ltd has many employees serving over a hundred thousand devoted clients in their different locations.

It offers services on both DSE and CSE trading platforms and through a mobile app called “Royal Touch” which helps clients manage their portfolios, check balances, and file for an IPO.

2. Lanka Bangla Securities Limited

The brokerage house was initially known as Vanik Bangladesh Securities Ltd. In 1997, its operation was based on CSE and a year later, it was listed in DSE (Dhaka Stock Exchange).

In 2005, when the company was reconstructed, it was renamed as LankaBangla Securities Ltd.

LankaBangla offers mobile app services: Broken for IOS users and TradeXpress for Android users.

It provides direct market access to dealers and has maintained its position as the popular st9ck broker for beginners in 2020 on Dhaka Stock Exchange.

3. Midway Securities Limited

Midway Securities Ltd supports the capital market and offers various clients with higher and more diverse services.

It has two BO account (savings BO and Active BO) which has different fees for different activities.

It is good for depositing money because it is a participant of Central Depository Bangladesh Ltd (CDBL) approved by the Bangladesh Government.

4. EBL Securities Limited

It is one of Eastern Bank Ltd’s associates. It is actively participating in securities trading for investors with the stock broker and dealer license from BSEC.

It uses DSE and CSE for brokerage services. It has software (blue-chip) which facilitates the delivery services required from a good broker and also various comprehensive services to clients, financial institutions, and investors.

Presently, it’d branch have extended to Dhaka, Karwan, Bazar, Chittagong, and Motijheel.

5. Islami Bank Securities

Islami Bank Securities is a subsidiary of Islami Bank Bangladesh Limited (IBBL), which was founded on 22 March 2010 as a Public Limited Company under the Companies Act, of 1994.

It was one of Bangladesh’s earliest full-service brokerage firms, and it provides good value for money by delivering outstanding trading services and logical investment ideas to its customers.

6. BRAC EPL Stock Brokerage

BRAC EPL Stock Brokerage was founded in the early 200p and was previously known as Equity Partner Securities Limited.

Its service extends to both international and domestic institutions, retail clients, and non-resident Bangladeshis (NRBs).

It enables international portfolio investment as they are one of the biggest equity research teams.

The BRAC EPL Stock Brokerage focuses on industry research, stock recommendation, capital market forecasts, and business evaluation and it is a member of the DSE and CSE.

7. MTB Securities Limited

MTB Securities Ltd was initially known as Mutual Trust Bank which launched a branch in June 2006.

MTB joined DSE limited on 23 September 2010 and provides services such as Margin Trading, NRB Trading, Foreign Trading, and Stock Brokerage.

It has a stockbroker and dealer license and works with its clients to provide rates services.

8. Sheltech Brokerage

The brokerage house provides brokerage services to investors and international and domestic institutions in Bangladesh.

Sheltech Brokerage was founded in 2014. It is a leading full-service broker on Dhaka State Exchange.

It values orthodoxy and the conservation of clients’ assets.

They provide great customer care to their clients with their cutting-edge sales services and the best pricing.

9. IDLC Securities Limited

IDLS Securities Ltd is a famous brokerage house in Bangladesh established in 2006.

It deals in stock brokerage and stock dealing with a license from Bangladesh Securities and Exchange Commission (BSEC).

They have an online trading platform (iTrade) and several branches to facilitate the services provided to their customers.

10. City Brokerage Limited

City Brokerage Ltd, established in 2010 is a completely owned associate of City Bank Limited to give the best service to both institutional and individual clients’ capital market needs through their qualified professionals.

It became a member of DSE and CSE in 2009 and a full-service depository participant of the Central depository Bangladesh Limited.

They operate the BO account requirements of users.

Read also:


A brokerage account is a taxable investment account that allows buying and selling of various investments: stocks, ETFs, bonds, mutual funds, etc.

An online brokerage account is mainly for beginners to open a brokerage account due to its low commission.


Below are discussed the common questions and answers about the best brokerage account for beginners in Bangladesh.

How Many Brokerage Houses Are There In Bangladesh?

There are 21 brokerage houses in Bangladesh.

What Are The Largest Brokerage Houses?

The largest brokerage houses in terms of customers and assets include:

Charles Schwab with over $7.04 trillion in clients’ assets and 12.3 million active brokerage accounts.

Fidelity Investments with $12.1 trillion in total customer assets and 38 million active brokerage accounts.

E* Trade

TD Ameritrade.

What Is The Best Brokerage House In Bangladesh?

Interactive Broker is the best brokerage house in Bangladesh with 4.9 scores.

You can learn more from the video below:

About Author

Best Brokerage Accounts For Beginners In Bangladesh
Favour Nnenna
I am a writer and researcher, a practical digital marketer, and a copywriter who communicates value to a society based on years of experience and knowledge in the field.

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