WikiFX

Sagot

As an experienced trader, I approached Shahjalal Islami Bank Securities Ltd with a critical eye, especially given how paramount security and transparency are in this industry. From what I have gathered, one of my primary concerns is the lack of regulatory oversight for this broker. That alone makes me particularly cautious about entrusting them with significant funds or engaging in active trading strategies. Regarding trading costs, I could not find any clear information on whether Shahjalal Islami Bank Securities Ltd charges a commission per lot specifically on ECN or raw spread accounts. In fact, their fee disclosures seem limited to BO (Beneficial Owner) account opening, maintenance, closure, and cheque dishonor fees, rather than detailing transaction-based commissions more typical with forex or ECN trading environments. This vagueness—combined with a “high potential risk” flag and the absence of a valid regulatory license—raises further questions for me about their overall fee transparency and trading environment. In conclusion, with no direct information provided about commission structures or ECN/refined spreads, and serious regulatory concerns, I personally would not proceed without far more clarity and documentation. When it comes to unregulated brokers, especially in a region where investor protections can be inconsistent, my approach is always conservative and risk-averse.