Overview of MOSHIHOR SECURITIES LTD
MOSHIHOR SECURITIES LTD is a stock broker and dealer operating in Bangladesh since 2018 without regulation. It specializes in stock trading, providing SMS service and round-the-clock data support. Clients are offered BO Accounts and NRB BO Accounts for transactions and have access to platforms from their telephones. Additionally, the broker prioritizes customer support, providing multiple contact options and various educational resources.
Regulatory Status
MOSHIHOR SECURITIES LTD currently has no valid regulation. It is suggested that traders should be cautious due to the lack of regulation by an authority.
Pros and Cons
MOSHIHOR SECURITIES LTD has several advantages, including providing extensive educational resources, convenient phone trading, and comprehensive customer support. Additionally, the initial fee to open an account is low, just TK. 450 and there are various deposit and withdrawal methods.
However, the broker is unregulated, posing risks for clients. Additionally, tradable assets are limited, and demo accounts are unavailable.
Market Instruments
Unlike other brokers that offer a variety of trading assets, MOSHIHOR SECURITIES LTD focuses on stock trading. It provides confirmations over SMS and offers round-the-clock data support, allowing clients to access all necessary information about their accounts and trade at any time of day or night.
Additionally, the broker offers phone trading, allowing investors to access trading platforms from their phones wirelessly. It also provides web registration for traders to access their BO account information online.
Account Types
MOSHIHOR SECURITIES LTD offers two types of trading accounts: BO Account and NRB BO Account.
BO Account stands for Beneficiary Owner's Account and is essential for clients interested in investing and stock trading in the Bangladeshi stock market. Similar to a bank account holding your money, a BO account holds your shares, including those from IPOs and secondary markets, in electronic form, granting you ownership as an investor.
To open an NRB BO Account, you need 2 passport-sized photos of the account holder/holders, a photocopy of Passport/Social Security Card/Resident Card, and a Local Foreign Currency Bank Account Statement in Bangladesh, with an optional Local Bank Account Statement.
However, specific details about these two accounts are not provided.
How to Open an Account？
Opening an account with MOSHIHOR SECURITIES LTD is a straightforward process that can be completed in a few simple steps:
Registration: Visit the MOSHIHOR SECURITIES LTD website and click the link it provides. You will be directed to the registration page, where you need to provide some basic personal information.Once you fill it out, your BO account will be opened automatically by our BO department.
Verification: Please check your email for BO Account Confirmation once the BO department is done verifying your information.
Deposit Funds: After opening a BO account, you can start buying shares on the Dhaka Stock Exchange by funding it through various methods like cash, cheque, Electronic Fund Transfer, online bank deposit, payorder, bKash, Rocket, Nagad (with a 1% service fee), or Credit Card.
Start Trading: With your account funded, you can now access the trading platform provided by MOSHIHOR SECURITIES LTD and start trading.
Opening fee
Opening a BO account in MOSHIHOR SECURITIES LTD costs only Tk. 450. This low cost makes it accessible for individuals looking to start investing and trading in the Bangladeshi stock market.
Deposit & Withdrawal
MOSHIHOR SECURITIES LTD provides several ways to deposit and withdraw funds, including Cash, Cheque, Electronic Fund Transfer, Online Bank Deposit, Payorder, bKash, Rocket, Nagad, and Credit Card. It's worth mentioning that there is a 1% service fee for using bKash, Rocket, or Nagad only.
Customer Support
MOSHIHOR SECURITIES LTD provides comprehensive contact options to assist clients with different needs:
Telephone consultation: Responsive customer service of MOSHIHOR SECURITIES LTD is ready to answer any questions you may have. Our customer support number is: +880 1833318000
Email: Customers can contact CapHouse via email at info@moshihor.com.
Head Office: Our location is Dilkusha Center, 28, Dilkusha C/A, Dhaka-1000
FAQs: If you have questions and seek quick answers, MOSHIHOR SECURITIES LTD offers a list of Frequently Asked Questions (FAQs) on their website on which you can find a lot of useful information.
Educational Resources
MOSHIHOR SECURITIES LTD offers extensive educational resources to assist traders in making informed decisions:
Record Date: MOSHIHOR SECURITIES LTDprovides information on Company's AGM, EGM, and Record Date for traders. However, the data was last updated on 6, 2020, which may pose risks due to potential outdated information and lack of real-time updates.
PE/EPS: MOSHIHOR SECURITIES LTD offers PE and EPS data to help investors assess stock valuation, profitability, and growth potential, aiding in informed decision-making and enhancing the trading experience.
New IPO & results: MOSHIHOR SECURITIES LTD offers details about IPO under Book Building and Fixed PriceMethod, including various stages and documents related to IPO processes, information memorandums, prospectus submissions, consent for bidding, IPO approvals, allotment lists, and application forms.
Conclusion
In conclusion, MOSHIHOR SECURITIES LTD is a stock broker and dealer with several advantages, including providing extensive educational resources, convenient phone trading, a low account opening fee, various deposit and withdrawal methods and comprehensive customer support.
However, the broker is unregulated, which poses risks for clients and demo accounts are unavailable. Traders should carefully consider these factors when choosing to trade with MOSHIHOR SECURITIES LTD and conduct thorough research to ensure a secure and informed trading experience.
FAQs
Q: What is a BO Account？
A: A BO Account, or Beneficiary Owner's Account, is necessary for stock trading in Bangladesh. Similar to a bank account, it holds shares, especially those in electronic form from IPOs and secondary markets, owned by the investor.
Q: What documents are required to open a BO account？
A: To open a Single/Joint BO Account you simply need the following documents:
• Passport sized photos of the account holder/holders
• Bank Account details
• National ID/Passport photocopy
Q: How do I buy stocks or shares in the DHAKA stock exchange？
A: After you have opened a BO account and deposited money into that account, you are ready to buy (and sell) shares. You can buy/sell stocks in multiple ways:
Online (through our Mobile app or iTrade on our website)
Over phone by calling our Authorized Representative: +8809611777701
Visiting your nearby branch to place a buy or sell order
Q: What is the cost of opening a BO account？
A: Opening a BO account costs only Tk. 450.
Q: Which BO account should I open？ primary (IPO) or secondary？
A: Actually there is only one type of BO account. And you can use any BO account for both applying for IPO (primary) and also Buy & Sell shares (secondary). All BO accounts have the same functions.
