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As an experienced trader, I always approach new brokers with caution, and Shahjalal Islami Bank Securities Ltd presents a complex picture for me. From my review, one clear advantage is their long operational history in Bangladesh since 2008, which often suggests a certain level of reliability and local market understanding. Their service offering is quite comprehensive, spanning Shariah-based margin investments, IPO applications, institutional and foreign trade services, research, and e-services. For traders who seek diverse options and require features such as portfolio valuation and trade confirmations, this range can be useful. Additionally, the multiple customer support channels available might provide a smoother client experience when issues arise. However, the disadvantages here, in my view, outweigh the positives from a risk management standpoint. The most significant concern is the complete absence of valid regulatory oversight. For me, trading with any unregulated broker poses a high potential risk, as regulatory bodies are critical for safeguarding client funds and ensuring transparent operations. The platform’s suspicious regulatory license and its low trust and risk management scores further heighten my caution. Even with relatively transparent fee disclosures, such as for account opening and maintenance, these cannot compensate for the lack of regulation. Without regulatory protection, I am highly hesitant to commit serious capital, as recourse would be severely limited should anything go wrong. In summary, while the service diversity and operational history are notable, for me, the risks stemming from the unregulated status make this broker unsuitable for my trading needs.