About JASL
Company Overview
Jamal Ahmed Securities Ltd. (JASL) is a stockbrokerage firm based in Dhaka, Bangladesh, operating under the official domain jaslbd.com. The company was registered on 30 August 2019, according to available records, although its website traces its origins to 1980 as a sole proprietorship. JASL is a corporate member of the Dhaka Stock Exchange (DSE) and a full-service depository participant of the Central Depository Bangladesh Limited (CDBL).
Regulation and Licensing
It is important to note that JASL holds a TREC (Trading Right Entitlement Certificate) from the Dhaka Stock Exchange, as indicated by its membership number 97. However, based on our records, JASL does not appear to hold any additional regulatory licences from financial authorities, such as the Bangladesh Securities and Exchange Commission (BSEC), for securities brokerage or from any forex regulatory body. The absence of such registrations means that traders should approach with caution, as there is no independent regulatory oversight beyond the DSE membership.
Services and Target Audience
JASL primarily serves as a brokerage for equity trading on the Dhaka Stock Exchange, offering services like account opening, custody, and trading execution. The firm also provides depository participant services for dematerialized securities. Its target audience appears to be Bangladeshi retail and institutional investors looking to trade local stocks, bonds, and mutual funds listed on the DSE.
The website does not mention any foreign exchange (forex) or contracts for difference (CFD) trading, making it a pure stockbroker rather than a retail forex broker. As such, it is not suited for international forex traders.
Account Types and Fees
The broker offers a standard BO account with no opening fee, but an annual maintenance charge of Tk. 450. Brokerage commission is tiered based on trading volume, ranging from 0.50% down to 0.40% for large trades. CDBL-related fees are passed through at actual cost. The firm also provides free internet trading and a telephone order service with published contact numbers.
Contact and Support
JASL provides multiple contact channels, including landline telephone numbers for trading orders, mobile numbers for general support, and an email address: jahmedsecurities@gmail.com. The corporate website is www.jaslbd.com. The company's registered address is at the DSE Building in Motijheel, Dhaka. Available support includes downloadable forms for various account and transaction services.
Overview compiled by FXCanary from regulatory records and public data. full JASL review