Aries Securities

Aries Securities Limited is a stockbroker based in Dhaka, Bangladesh, operating under the domain ariessecurities.com. According to regulatory records, the company was founded on August 29, 2019, although its website claims operations since May 2005. The broker is a TREC (Trading Right Entitlement Certificate) holder of the Dhaka Stock Exchange Ltd., indicating membership in the exchange but not necessarily regulation by a financial authority. FXCanary’s records show no regulators on file, meaning the broker lacks oversight from recognized financial regulatory bodies.

Despite being a member of the DSE, the absence of direct regulatory licensing from bodies such as the Bangladesh Securities and Exchange Commission (BSEC) (or equivalent) raises caution. The broker’s registered address is at Modhumita Cinema Hall Building, Suit-603, 5th floor, 158-160, Motijheel C/A, Dhaka-1000, which matches the address on its website.

Aries Securities Limited provides services focused on equities trading on the Dhaka Stock Exchange. The broker offers multiple trading channels: in-house trading at its offices, telephonic trading, SMS-based trading, and online trading via an internet trading platform. These services are designed for clients who wish to participate in the Bangladeshi stock market.

The broker also handles IPO (Initial Public Offering) applications, both for registered and unregistered clients. Its website lists IPO processes and client lists for successful applications. There is no indication that Aries Securities offers forex, CFD, or other leveraged derivative products; its core business is stockbroking.

The broker’s website does not explicitly detail multiple account tiers or minimum deposit requirements. However, it mentions that clients must have a BO (Beneficiary Owner) account to trade. For online trading, clients need to complete an Internet Trading Registration Form and submit it to receive login credentials. The broker also emphasizes that existing BO account holders should update their personal information, including mobile number, National ID, and email.

While the website does not publish spreads or commissions, as a stockbroker, Aries Securities likely charges brokerage fees for trades executed on the DSE. Prospective clients would need to contact the broker directly for detailed fee schedules.

Aries Securities Limited offers an online trading platform for remote trading, but the specific software or interface is not named on the website. The broker also facilitates telephonic and SMS trading for clients who prefer traditional methods. In-house trading stations are available at its offices.

Given the limited information, it appears the broker’s trading technology is tailored to the local market, with a focus on accessibility rather than advanced tools. There is no mention of mobile apps, demo accounts, or educational resources.

The broker provides customer contact details on its website, including a head office phone number (+8802 9575847), email (asl.dsebd@gmail.com), and fax. The website lists specific traders and their designations for trading-related inquiries, along with a company secretary for compliance purposes.

Support appears to be available during trading hours (10:30 AM to 2:30 PM). However, there is no live chat, 24/7 support, or multilingual options mentioned, which may limit accessibility for international clients.

FXCanary’s records indicate that Aries Securities Limited has no registered regulators, which is a significant risk factor for traders. The broker claims to have approval from BSEC and DSE, but our known facts do not include regulatory recognition. This discrepancy places the broker in a guarded risk category.

The FXCanary Scam Risk Score of 48/100 (Guarded) reflects the lack of independent regulatory oversight combined with the limited public information available. Traders are advised to exercise caution and verify the broker’s licensing directly with Bangladeshi authorities before committing funds.

Aries Securities Limited is best suited for investors specifically interested in trading equities on the Dhaka Stock Exchange, particularly those who prefer local stockbroking services with traditional and remote trading options. The broker is not designed for forex, CFD, or international multi-asset trading.

Traders seeking regulatory protection, transparent fee structures, or advanced trading platforms will likely find this broker insufficient. The guarded risk score and lack of verifiable regulation make it unsuitable for risk-averse investors or those unfamiliar with the Bangladeshi market.