Trading Shahjalal Islami Bank Securities Ltd Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

Shahjalal Islami Bank Securities Ltd Trading Conditions

Registered Region Bangladesh

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@shahjalalbanksecurities.com.bd

Contact Number +880247110035

Website www.shahjalalbanksecurities.com.bd

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
Shariah-based margin investment services catering to Islamic finance principles
Multiple customer support channels including email, telephone, and live chat
Trading platforms available: MT4 and MT5 with essential tools for traders
Accessible account types including retail, Islamic, and demo accounts

Cons

No regulatory oversight
Limited trading instruments
Potentially high trading risks
Withdrawal fees may apply
Lack of educational resources

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Shahjalal Islami Bank Securities Ltd	NCC Bank	RGL	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Bangladesh	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Shahjalal Islami Bank Securities Ltd Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners	Accessible trading options	Suitable for small-capital practice
Islamic Account	Traders requiring Shariah compliance	Swap-free trading conditions	Must adhere to Islamic finance principles
Demo Account	New traders	Practice trading without risk	Ideal for testing strategies before live trading

Account Opening Process

To open an account with Shahjalal Islami Bank Securities Ltd, prospective clients must follow these steps: 1. Submit personal information, including name, contact details, and date of birth. 2. Provide employment information, such as job title and employer details. 3. Disclose financial information, including income sources. 4. Complete identity verification by providing a government-issued ID and proof of address. The broker allows for account flexibility, enabling clients to upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Tight spreads available
CFDs (Stocks)	Varies	$0	Competitive pricing for major stocks
Cryptos (BTC, ETH)	Varies	$0	Dynamic spreads based on market conditions

Other Fees

Other fees that may apply include deposit and withdrawal fees, inactivity fees for dormant accounts, platform usage fees if applicable, overnight interest (swap rates) on certain accounts, and currency conversion fees. Clients are encouraged to review these costs as they may impact overall trading expenses.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Shahjalal Islami Bank Securities Ltd User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Rahim Khan

Dhaka

★ ★ ★ ★ ★

I faced significant issues with withdrawals. It took much longer than expected, and customer support was not very helpful in resolving my concerns. I would recommend being cautious before investing here.

Fatima Ahmed

Chittagong

★ ★ ★ ★ ★

I have been using Shahjalal Islami Bank Securities Ltd for over a year now, and I am very satisfied with their trading platforms, especially MT4. The execution speed is impressive, and I appreciate the variety of trading instruments available.

Mohammad Ali

Sylhet

★ ★ ★ ★ ★

Terrible experience! The lack of regulation really worries me. I tried to reach customer support multiple times, but they were unresponsive. I wouldn’t recommend this broker to anyone.

Nadia Sultana

Rajshahi

★ ★ ★ ★ ★

Overall, my experience has been positive. The Islamic account options are great for those needing Shariah compliance. While there are some concerns about their regulatory status, the trading tools are quite user-friendly.

Bangladesh Market