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Yousef47
Within 1 year

Does Shahjalal Islami Bank Securities Ltd impose any charges for deposits or withdrawals?

Broker Issues
Shahjalal Islami Bank Securities Ltd
Withdrawal
Deposit
06-20
United States
WikiFX
Reply

From my close analysis and practical perspective as an independent trader, I have not found any explicit mention of deposit or withdrawal charges for Shahjalal Islami Bank Securities Ltd in the information provided. The details available do clarify some fee structures, such as fees for BO (Beneficiary Owner) account opening, yearly maintenance, account closure, and dishonored checks. However, I cannot verify any specific statements regarding deposit or withdrawal fees. For me, the absence of transparent information about these potential costs feels concerning, as clear fee policies are critical for financial planning and trust in a broker. Additionally, it is important to consider that Shahjalal Islami Bank Securities Ltd currently operates without regulatory oversight, which means any financial practices—including how deposits and withdrawals are handled—may not be subject to robust third-party scrutiny. That raises the overall risk profile and makes it harder to resolve disputes, should any arise regarding transaction charges. Personally, I would proceed with great caution in the absence of verifiable public data on such crucial aspects. Before making any financial commitments, I would recommend directly contacting their customer service to obtain up-to-date and written confirmation on all fees applicable to deposits and withdrawals. For me, this is a fundamental step, especially when dealing with unregulated brokers, to ensure that I fully understand the cost implications and can safeguard my capital.

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