Basic Information
Pros and Cons
Pros
- Long operational history
- Multiple contact channels
Cons
- No valid regulation
- No demo accounts
- Withdrawal issues reported
- Lack of transparency
Is BRAC EPL Safe and Legit?
BRAC EPL Stock Brokerage Limited is registered in Bangladesh, having been established in 2009, and boasts over a decade of operational experience. The broker offers equity trading with a maximum commission fee of 1% on total trade value and uses the bKash platform for transactions.
Currently, BRAC EPL operates without any valid regulatory oversight, indicating potential risks for investors. Consequently, it is not considered a safe or legal option for trading activities.
In the market, BRAC EPL has garnered mixed reviews, with users appreciating its long operational history and various contact channels. However, concerns regarding its lack of regulation, absence of demo accounts, and transparency issues have led to a notable frequency of complaints, indicating caution for potential clients.
Is BRAC EPL a Regulated Broker?
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
BRAC EPL Stock Brokerage Limited does not hold client funds in independently regulated bank accounts. The absence of valid regulatory licenses means there are no specific rules regarding the segregation of client funds from the broker’s assets. This situation poses significant risks for investors.
BRAC EPL Leverage
BRAC EPL does not provide specific leverage information, as it operates without any regulatory oversight. Consequently, there are no maximum leverage multiples or classifications for clients, which further emphasizes the risks associated with trading through this unregulated broker.
BRAC EPL Withdrawal Review
How to Contact BRAC EPL?
BRAC EPL Stock Brokerage Limited has faced a range of complaints, particularly surrounding withdrawal issues. Users have reported delays and difficulties in accessing their funds. Most credible complaints arise from online forums and review sites, indicating a significant level of dissatisfaction. The broker’s response to these complaints appears inconsistent, with varying response times that do not effectively address customer concerns. There are repetitive complaints related to withdrawal processes, contributing to a perception of risk. Given the absence of regulation, the frequency of these complaints further underscores the caution needed when considering BRAC EPL’s services.
Frequently Asked Questions
A1: No, BRAC EPL Stock Brokerage Limited currently has no valid regulatory licenses and operates without regulatory oversight. This lack of regulation poses potential risks for investors.
A2: BRAC EPL does not hold client funds in independently regulated bank accounts, and the absence of valid regulatory licenses means there are no specific rules regarding the segregation of client funds from the broker’s assets.
A3: Users have reported delays and difficulties in accessing their funds from BRAC EPL, with many complaints indicating a significant level of dissatisfaction regarding the withdrawal process.
A4: BRAC EPL offers multiple contact channels, including phone numbers and email support. Clients can reach them at +880 01730727919 or via email at info@bracepl.com.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.