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Bangladesh|5-10 years|
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Bangladesh 5.73

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09609 100 142
Dhaka Stock Exchange Building (Room No: 508) 9/F, Motijheel C/A, Dhaka 1000


No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

MSL · WikiFX Survey

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MSL · Company Summary

Aspect Information
Company Name MSL
Registered Country/Area Bangladesh
Founded Year 1975
Regulation Not regulated
Market Instruments Stocks, Bonds, IPOs, Equity Investment, Capital Management
Account Types BO Account
Minimum Deposit 500
Trading Platforms Midway Portal, DSE Mobile App, Desktop version
Demo Account Not available
Customer Support Multiple channels: Facebook Messenger, WhatsApp, hotline, email
Deposit & Withdrawal Bangladeshi Banks, Mobile Wallets (bKash, Nagad, Rocket), Credit Card
Educational Resources Access to Dhaka Stock Exchange's Training Academy offering courses on various investment topics.

Overview of FXBIT TRADE

MSL, a Bangladeshi company founded in 1975, offers a variety of investment options including stocks, bonds, and IPOs. They manage client investments through BO accounts, which require a minimum deposit of 500 BDT. While lack of any mentioned regulation, they likely adhere to industry standards.

Trading is done through a multi-channel platform with options for mobile and desktop access. Deposits are free from Bangladeshi banks, but mobile wallets and credit cards incur fees. MSL offers educational resources through the Dhaka Stock Exchange's Training Academy.

Overview of FXBIT TRADE

Pros and Cons

Pros Cons
Offers diverse investment options Lack of regulation
Multi-channel trading platform Fees associated with deposits
Free deposits from Bangladeshi banks One-time account opening and renewal fees
Professional customer support No Demo Account Available


  • Offers Diverse Investment Options: MSL satisfies a variety of investment needs by offering a wide range of products. This includes traditional stocks and bonds, along with participation in IPOs and services like equity investment (potentially including portfolio management and investment advice) and capital management.

  • Multi-Channel Trading Platform: MSL provides a user-friendly platform accessible through various channels. Users can trade online via the Midway Portal (web-based), use the DSE Mobile App (available for Android and iPhone) for on-the-go convenience, or opt for the desktop version for a more traditional trading experience.

  • Free Deposits from Bangladeshi Banks: For users with Bangladeshi bank accounts, depositing funds into their BO account is completely free. This eliminates additional charges and simplifies the process of funding your trading activities.

  • Professional Customer Support: MSL offers multiple channels for customer support, including Facebook Messenger, WhatsApp, hotline, and email. This ensures that clients can easily reach out for assistance with any questions or concerns they have.


  • Lack of Regulation: MSL's regulatory status is not explicitly confirmed. While they likely adhere to industry standards and relevant financial laws, the absence of confirmed regulatory licenses means there might be a lesser degree of oversight compared to a fully regulated broker.

  • Fees Associated with Deposits (Mobile Wallets, Credit Cards): While deposits from Bangladeshi banks are free, using mobile wallets (bKash, Nagad, Rocket) incurs a 1% service fee. Additionally, credit card deposit fees apply, with rates varying based on the card type (Visa/Mastercard at 2.2% and American Express at 3.5%). These fees can add up over time, especially for frequent deposits.

  • One-Time Account Opening and Renewal Fees: Opening a BO account with MSL incurs a one-time fee of 450 BDT. There's also an annual renewal fee of the same amount charged in June of each year. These fees can be a deterrent for new investors or those considering smaller investment amounts.

  • No Demo Account Available: The lack of a demo account is a disadvantage for beginners who might want to practice using the platform and test out their trading strategies before risking real money.

Regulatory Status

In the absence of confirmed regulatory licenses, MSL's focus would shift to industry standards and best practices. They'd still need to follow relevant financial laws and regulations to ensure fair play and investor protection. This likely involves internal compliance procedures and potentially adhering to industry codes. While formal oversight is missing, MSL's commitment to ethical conduct remains crucial for their business integrity.

Market Instruments

MSL provides a comprehensive suite of investment products and services satisfying a diverse range of investor needs.

At its core, MSL offers stock trading, enabling users to buy and sell shares of listed companies. With the convenience of their mobile app, DSE Mobile, clients can execute trades on the go.

Additionally, MSL extends investment opportunities into bonds, facilitating investments in debt instruments issued by corporations or governments.

Moreover, MSL assists clients in participating in Initial Public Offerings (IPOs), enabling access to newly listed stocks.

Beyond mere transactions, MSL engage in equity investment activities, encompassing portfolio management and investment advisory services.

Furthermore, the company offers capital management services, indicative of its commitment to assisting clients in effectively managing their investment capital, encompassing wealth management solutions.

Market Instruments

Account Types

MSL offers one account type called BO Account.

A BO Account stands for Beneficiary Owner's Account. It's essential for anyone interested in investing and trading stocks on the Bangladeshi stock market. Similar to how a bank account holds your money, a BO account serves as a repository for your electronic shares. This applies to most shares obtained through initial public offerings (IPOs) and the secondary market. In essence, a BO account functions electronically to hold the shares you acquire as an investor.

Account Types

How to Open an Account?

Here's a breakdown of the steps to open a BO account with MSL:

  1. Initiate the Application: Visit the MSL website and look for the “Open BO Account” button. Clicking this link will likely take you to an online application form.

  2. Complete the Application: Fill out the application form completely and accurately. This involves providing your personal information, contact details, and potentially some financial information.

  3. Automatic Processing: Once you submit the application, MSL's BO department will automatically process it.

  4. Verification and Confirmation: The BO department will verify the information you provided. This might involve document verification or other checks.

  5. Confirmation Email: After successful verification, you'll receive a confirmation email from MSL notifying you that your BO account is open.

How to Open an Account?

Spreads & Commissions

MSL charges a flat commission rate of 0.4% for both buying and selling shares. This means you pay 0.4% of the transaction value whenever you purchase or sell stocks. There's no mention of spreads, which typically applies to forex trading and not stock trading.

Additionally, there's a one-time BO account opening fee of 450 BDT and an annual renewal fee of the same amount.

Spreads & Commissions

Trading Platform

MSL offers a multi-channel trading platform that allows users to trade online or by phone. Users can access the platform through a web portal - Midway Portal or a mobile app - DSE Mobile for Android and iPhone. The platform allows users to buy and sell shares, create portfolios, track stocks, and set alerts. MSL also offers a desktop version for users who prefer to trade on their computers.

Trading Platform

Deposit & Withdrawal

MSL provides various options for depositing and withdrawing funds to your BO account, each with its own fee structure.

Deposits from Bangladeshi bank accounts are free, while mobile wallet deposits through bKash, Nagad, or Rocket incur a 1% service fee. Credit card deposits carry fees ranging from 2.2% for Visa, Mastercard, and other payment channels to 3.5% for American Express.

Withdrawals to personal bank accounts via the BEFTN network are free. This range of options allows flexibility for clients while being mindful of associated fees.

Payment Method Deposit Fee Withdrawal Fee
Bangladeshi Bank Free Free
Mobile Wallet (bKash, Nagad, Rocket) 1% service fee N/A
Credit Card (Visa, Mastercard, other) 2.2% fee N/A
Credit Card (American Express) 3.5% fee N/A
BEFTN Network (Withdrawal) N/A Free
Deposit & Withdrawal

Customer Support

MSL's customer support is equipped with a professional team ready to assist clients at any time. With each member trained to ensure success in investment ventures, clients can reach out via multiple channels including Facebook Messenger, WhatsApp, hotline, and email. Whether clients seek assistance in planning their investment future or have queries to address, MSL's customer support team is readily available to provide personalized guidance and support, reflecting their commitment to client satisfaction and success.

Customer Support

Educational Resources

DSE's Training Academy offers monthly programs covering topics like Fundamental Stock Analysis, Technical Trading, Equity Portfolio Management, and Valuation of Shares. These satisfy various skill levels, providing a comprehensive understanding of investing. The Academy also provides courses and diplomas, allowing tailored learning paths. The inclusive application process welcomes all interested in expanding financial market knowledge.

Educational Resources


MSL offers a tempting suite of investment options, encompassing stocks, bonds, IPOs, and wealth management services. Their multi-channel trading platform satisfies diverse preferences, with free deposits from Bangladeshi banks adding to the appeal. However, the lack of confirmed regulatory oversight raises concerns. Additionally, fees associated with mobile wallet deposits, credit card usage, and annual account renewals can chip away in returns. Ultimately, for those comfortable with a less-regulated environment, MSL's diverse offerings and user-friendly platform deserve consideration, but a thorough evaluation of fees and potential risks is crucial before investing.


Question: What investment options does MSL offer?

Answer: MSL provides a variety of options, including stocks, bonds, IPO participation, and wealth management services like portfolio management.

Question: How can I trade with MSL?

Answer: MSL offers a multi-channel platform accessible through a web portal, mobile app, and desktop version.

Question: Are there any fees associated with depositing funds?

Answer: Deposits from Bangladeshi banks are free. However, fees apply for mobile wallet deposits and credit card usage.

Question: Is there a practice account available?

Answer: No, MSL doesn't currently offer a demo account.

Question: How can I contact MSL customer support?

Answer: MSL offers customer support through multiple channels, including Facebook Messenger, WhatsApp, hotline, and email.

Broker Information

Company Name

Midway Securities Ltd



Regulatory Status

No Regulation

Platform registered country and region


Company website
Company address
  • Dhaka Stock Exchange Building (Room No: 508) 9/F, Motijheel C/A, Dhaka 1000







Customer Service Email Address

Company Summary

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