MSL broker Accounts

MSL Account Type

　　MSL (Midway Securities Ltd.) offers a single type of account known as the Beneficiary Owner (BO) account. This account is essential for individuals looking to invest and trade stocks in the Bangladeshi stock market. The BO account serves as a repository for electronic shares, similar to how a bank account holds money. Investors can open a BO account with a minimum deposit of 500 BDT, and there is a one-time account opening fee of 450 BDT, along with an annual renewal fee of the same amount.

MSL Broker Account Opening Process

　　Opening a BO account with MSL involves the following steps:

• Initiate the Application: Visit the MSL website and locate the “Open BO Account” button.
• Complete the Application: Fill out the online application form with accurate personal information, including contact details and financial information.
• Automatic Processing: Once submitted, MSL's BO department will automatically process the application.
• Verification and Confirmation: The BO department will verify the provided information, which may include document checks.
• Confirmation Email: After successful verification, you will receive a confirmation email notifying you that your BO account is open.

　　This process is designed to be straightforward and typically takes a short time to complete.