General Information
Midway Securities Ltd. (MSL), established in 1975, is a securities brokerage firm based in Bangladesh. According to the official website, MSL is registered with the Bangladesh Securities and Exchange Commission (BSEC) and has been given the Registration No. 3.1/DSE-142/2008/194.
Regulatory Risk
It is important to note that although MSL claims to be authorized and regulated by the BSEC, the brokerage does not actually hold any authorized licenses at this time.
Market Instruments
MSL as a stockbroker mainly provides online stock trading services to investors, but it also has derivative services including bonds, listings, equity investments, and capital management.
BO Account
If an investor wants to invest and trade stocks in the Bangladesh stock market, then he/she needs to open a beneficial owner account i.e. BO account. Generally, BO accounts are divided into individual, joint and NRB, and the fee for opening a BO account with MSL is 450 BDT.
Trading Platforms
Investors can trade stocks on MSL's official website and also use the trading platform DSE developed by the broker, which supports both PC and mobile use. In addition, all purchase and sale transactions are subject to a commission of 0.4%.
Deposit & Withdrawal
Deposits/withdrawals can be made in a variety of ways, including bank transfers, credit cards, and bKash/Rocket/Nagad. And bKash/Rocket/Nagad is subject to a 1% service fee.
Customer Support
MSL also offers several services to its clients, including daily email and SMS alerts and annual tax report inquiries. In addition to these, clients can also get in touch with the broker's team for assistance via the official website channel, hotline or email.
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