Basic Information
Registered Region 
Bangladesh
BangladeshOperating Period
5-10 years
Company Name
Padma Bank Securities Ltd
Customer Service Email Address
info@padmasecurities.com.bd
Contact Number
+8801534004480
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
Padma Bank Securities
Bangladesh
|
5-10 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
http://padmasecurities.com.bd/
Website
Rating Index
Influence
Influence
D
Influence index NO.1
Bangladesh 2.31Surpassed 15.60% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+880 1534004480
info@padmasecurities.com.bd
http://padmasecurities.com.bd/
Rangs Hai Legacy (6th Floor), Plot 13, Block-K, Sohrawardi Avenue, Baridhara Model Town, Dhaka- 1212
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Biz Area
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Company Summary
Comment
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Official website
Website
padmasecurities.com.bd
173.212.240.186Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Company Summary
| Padma Bank Securities Review Summary | |
| Founded | / |
| Registered Country/Region | Bangladesh |
| Regulation | No Regulation |
| Trading Products | Stocks, derivatives |
| Services | Online trading, Depository Services, and BEFTN-based Fund Transfer Services |
| Trading Platform | / |
| Minimum Deposit | / |
| Customer Support | Phone: +8801534004480; +8801550063882 |
| Email: info@padmasecurities.com.bd | |
| Address: DSE Tower, Room-137, Level-08, plot-46, Road-21, Nikunjo-02, Dhaka-1229 | |
Padma Bank Securities Information
Padma Bank Securities is a Bangladesh-based financial services company that provides online trading, custody services, and BEFTN-based fund transfer solutions. The company was founded without disclosing specific details and operating without regulatory oversight, which could raise doubts about its legitimacy.
Padma Bank Securities provides real-time market data and chart analysis tools to help clients make informed trading decisions and securely manage securities through Depository Participant (DP) services. Due to the lack of regulation and opaque information, traders should be cautious when considering working with the company.
Pros and Cons
| Pros | Cons |
| Various financial services offered | No regulation |
| Limited info on account features |
Is Padma Bank Securities Legit?
Padma Bank Securities is not regulated, traders should be aware of the potential risks and exercise caution before trading.
Besides, Padma Bank Securities domain name cannot be found.
What Can I Trade on Padma Bank Securities?
| Trading Products | Supprted |
| Stocks | ✔ |
| Derivatives | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account
Padma Bank Securities offers BO accounts for traders.
A B/O or Beneficiary Owner Account facilitates trading (buy or sell) of securities. Securities are electronically deposited to or withdrawn from BO accounts. B/O accounts are opened with Central Depository Bangladesh Limited (CDBL) through a Depository Participant (DP), i.e., brokerage house.
Fees
Fixed Fee: Both the account opening fee and the annual B/O maintenance fee are BDT 450.
Mark-to-market fees: Transfer-in, transfer-out, Demat, Remat, pledge, and unpledge are charged as a percentage of the market value of securities.
Additional fees:DEMAT and REMAT are also subject to an additional BDT 1,000 per security and a check bounce fee of BDT 1,000.
Deposit and Withdrawal
Padma Bank Securities provides customers with a diverse and convenient payment option to easily manage their B/O (Buy for Own) accounts.
Clients can deposit or withdraw funds through the Bangladesh Electronic Funds Transfer Network (BEFTN), the National Payment System (NPSB) or the Real Time Full Settlement System (RTGS) without having to visit the bank in person.
In addition, clients can also choose to deposit up to $87,500 per day into the designated account of IFIC Bank Limited and send the deposit voucher to the “info@padmasecurities.com.bd” by email.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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