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MFIS

Moderate riskStockbroker
Bangladesh · 5-10 years · since 2019-08-30 · Md.Fakhrul Islam Securities Ltd.
This is a stockbroker, not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
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—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
43/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.57/10
Trustpilot—/5
Forex Peace Army—/5
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No sign that MFIS actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
43
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMd.Fakhrul Islam Securities Ltd.
Headquarters Bangladesh
Founded2019-08-30
Years operating5-10 years
Employees0
Official websitefisbd.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
PBL Tower, (7th&13th Floor), 17 Gulshan North C/A, Circle-2, Dhaka-1212, Bangladesh.

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Our records indicate that MFIS has no regulators on file, while its official website claims regulation by the Securities and Exchange Commission of Bangladesh. This discrepancy warrants caution. The broker's services are limited to securities brokerage on the Dhaka Stock Exchange, with no retail forex or CFD offerings. Traders should independently verify the company's regulatory status before engaging.

Best for
  • Bangladeshi stock investors
  • IPO applicants on the Dhaka Stock Exchange
  • Clients seeking a local regulated broker
Not for
  • Forex or CFD traders
  • International traders outside Bangladesh
  • High-frequency or algorithmic trading
Period:

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What MFIS says about itself as stated by the broker · not independently verified by FXCanary

About the Company

According to its official website, Md. Fakhrul Islam Securities Limited is one of the leading stock brokerage firms in Bangladesh, established in 1987. The company states it is a member of the Dhaka Stock Exchange and is regulated by the Securities and Exchange Commission of Bangladesh. It claims to provide nationwide facilities with access to investors across the country, with 21 branch locations.

Services Offered

The broker lists services including securities brokerage, IPO application processing, research and analysis, BO account opening, buying and selling of shares, dematerialization and re-materialization of shares, pledge and un-pledge of shares, and transfer and transmission of shares. It also offers mobile and web trading platforms for the Dhaka Stock Exchange.

Corporate Information

The company’s corporate information page states that it is a private limited company incorporated in Bangladesh under the Companies Act 1994, holding TREC number 90 in the Dhaka Stock Exchange. The board includes Chairperson Salma Islam and Managing Director Md. Fakhrul Islam. The company emphasizes a strong network of key clients and a high standard of service quality.

Contact and Branches

The broker provides contact details including a corporate address at PBL Tower, Dhaka, and multiple branch locations across cities like Sylhet, Chittagong, and Khulna. It lists phone numbers, email addresses (info@fisbd.com), and a physical presence in Gulshan, Uttara, Mohakhali, and other areas.

About MFIS

Overview

Md. Fakhrul Islam Securities Limited (MFIS) is a stock brokerage firm based in Bangladesh, operating under the official domain fisbd.com. The company was established in 1987 and is a member of the Dhaka Stock Exchange (DSE). It is regulated by the Securities and Exchange Commission of Bangladesh (SEC), according to its official website. The firm provides a range of securities services to individual and institutional clients.

MFIS positions itself as one of the leading brokerage houses in the country, with a branch network spanning 21 locations. The company focuses on equity trading, IPO processing, and related financial services, catering primarily to Bangladeshi investors.

Regulation and Oversight

The broker claims to be regulated by the Securities and Exchange Commission of Bangladesh and holds TREC (Trading Right Entitlement Certificate) number 90 on the Dhaka Stock Exchange. However, independent records from FXCanary's database do not list any regulators on file, creating a discrepancy that traders should investigate further. The official website prominently displays its membership and regulatory status, which may provide a level of oversight for clients.

Prospective clients are advised to verify the company's regulatory standing directly with the SEC Bangladesh or the DSE before engaging in transactions.

Trading Platforms and Instruments

MFIS offers both web-based and mobile trading platforms for the Dhaka Stock Exchange. These platforms allow clients to trade equities and shares, apply for IPOs, and manage their BO (Beneficial Owner) accounts. The broker does not offer retail forex, CFDs, or other leveraged derivatives, focusing exclusively on securities trading.

The company also provides a dedicated mobile app and an online trading portal for convenient access to market data and order execution.

Account Types and Opening

MFIS facilitates the opening of BO accounts, which are required to trade on the DSE. The account opening process is available online through the broker's website and includes options for regular, omnibus, and clearing accounts. Clients can also apply for IPOs directly through the platform.

The broker does not appear to offer multiple account tiers or leveraged trading accounts, as its services are centred on traditional stock brokerage.

Target Audience

The broker's services are aimed at Bangladeshi investors looking to participate in the Dhaka Stock Exchange. It is suitable for individuals and institutions seeking a regulated local broker for equity trading and IPO investments. The extensive branch network suggests a focus on retail clients across major cities.

International clients are mentioned on the contact page, suggesting that overseas Bangladeshis may also open accounts, though the primary market remains domestic.

Overview compiled by FXCanary from regulatory records and public data. full MFIS review