Dragon Securites

Dragon Securities Ltd. is a stock brokerage and depository participant based in Dhaka, Bangladesh. Founded in 2019 according to our records, the broker operates the website dragonbd.com and is primarily focused on the Bangladeshi capital market. It holds a TREC (Trading Right Entitlement Certificate) from the Dhaka Stock Exchange and is a full-service Depository Participant of Central Depository Bangladesh Ltd. (CDBL). The company states it is regulated by the Bangladesh Securities and Exchange Commission (BSEC), though our records do not list this regulator independently.

Dragon Securities caters to both local and foreign investors, offering services such as BO account opening, equity trading, and custodial services. The broker aims to provide professional trading and portfolio management services, with a particular emphasis on attracting foreign investment into Bangladesh's growing economy.

Dragon Securities claims to be regulated by the Bangladesh Securities and Exchange Commission (BSEC) and complies with the rules of the Dhaka Stock Exchange. However, our verified regulatory records do not list any licenses for this broker, which may be due to a lapse in our data. The broker's website emphasizes full compliance with BSEC and DSE regulations.

Given the absence of external verification, traders should exercise caution. The broker's 45/100 FXCanary Scam Risk Score indicates a 'Guarded' risk level. We recommend independent verification of its regulatory status before engaging with the firm.

Dragon Securities offers Beneficial Owner (BO) accounts for individual investors, companies, joint accounts, and NRB (Non-Resident Bangladeshi) accounts. For foreign investors, the broker facilitates NITA (Non-Resident Investor's Taka Account) accounts, which allow conversion of foreign currencies to Bangladeshi Taka for investment. The broker also provides account opening for foreign nationals residing abroad.

Required documentation for individual accounts includes National ID or passport, TIN certificate, bank statement, and photographs. The broker does not appear to offer multi-tiered account types or leverage options, as its focus is on cash equity trading.

Dragon Securities provides Internet Trading and Telephonic Trading facilities. The internet trading platform allows clients to place buy and sell orders from anywhere in the world. The broker also offers a telephonic trading service with authorized representatives.

Tradable instruments appear to be limited to equities listed on the Dhaka Stock Exchange. The broker does not mention forex, CFDs, commodities, or other asset classes. As a stockbroker, it focuses solely on Bangladeshi securities and related services like dematerialization, pledging, and transmission of shares.

Funding methods for local investors likely involve bank transfers in Bangladeshi Taka. For foreign investors, funds are sent in foreign currency to a NITA account with a designated custodian bank (City Bank). The settlement process involves the investor transferring funds to the custodian, who then facilitates the trade settlement.

Withdrawals are handled through the custodian, with the broker stating a guarantee of easy transfer of funds back to the investor's foreign country. Exact deposit and withdrawal timelines are not specified on the website.

Dragon Securities primarily targets Bangladeshi residents looking to invest in the Dhaka Stock Exchange, as well as non-resident Bangladeshis and foreign nationals seeking exposure to the Bangladeshi capital market. The broker positions itself as a gateway for foreign investors to participate in Bangladesh's economy.

Given its limited product offering and focus on a single market, the broker is not suitable for traders seeking global markets, forex, or leveraged instruments. It appeals to long-term equity investors in the region.