BCEL Forex Broker

BCEL Review SummaryFounded1975Registered Country/RegionLao PDRRegulationNot regulatedProducts and ServicesDeposits, Loans, Cards, Fund Transfers, Electronic Banking, Trade Finance, Utilities PaymentDemo Account❌SpreadUSD ~270, EUR ~480 (approx. FX spread)Trading PlatformBCEL One, BCEL i-Bank, FastTrack, BCEL OneProofCustomer SupportTel:(+856-21)213200Fax:(+856-21) 213202bcelhqv@bcel.com.laBCEL Information Founded in 1975, BCEL is a major commercial bank in Laos providing retail and corporate banking services. Though not a regulated broker, it offers various financial products including savings accounts, loans, fund transfers, and electronic banking tools.Pros and ConsProsConsBroad range of personal and business banking servicesNot regulatedMultiple digital banking tools and platformsNo demo or Islamic accountsFX exchange service available with multiple currenciesNo leverage for active tradingIs BCEL Legit? BCEL (Banque Pour Le Commerce Exterieur Lao Public) is not a licensed or regulated financial broker under Thailands financial regulatory authorities. Although it operates financial services such as deposits, loans, and fund transfers, it does not hold a trading or brokerage license from regulatory bodies like the FCA (UK), ASIC (Australia), CySEC (Cyprus), or the SEC (Thailand).Products and Services BCEL (Banque Pour Le Commerce Exterieur Lao Public) provides a range of banking products and services designed for personal as well as corporate use. Amongst these are utility payments, financial transfers, electronic banking, cards, loans, and deposit accounts.Product/ServiceAvailableDeposits✅Loans✅Cards✅Electronic Banking✅ATMs✅Fund Transfers✅Trade Finance✅Utilities Payment✅Other Services✅BCEL Fees BCELs trading-related fees, based on foreign currency exchange services, are generally competitive and in line with regional banking standards. Their exchange rates for major currencies such as USD, EUR, and JPY reflect standard banking spreads.CurrencyBuy Rate (EFT)Sell RateUSD (1–100 Notes)21,34521,615EUR (1–500 Notes)24,05624,534GBP28,17928,740AUD13,70914,118JPY148.18151.08SGD15,15015,451CNY2,9032,958Account Types BCEL offers several types of deposit accounts, each tailored to different customer needs. There is no indication of demo or Islamic (swap-free) accounts.Account TypeDescriptionSuitable ForSaving AccountStandard interest-bearing accountGeneral usersFixed Deposit AccountTime-bound savings with fixed interestLong-term saversCurrent AccountFor frequent transactions, includes checkbook servicesBusiness users, professionalsKid Saving AccountSavings product for childrenParents saving for childrenPension Saving AccountLong-term retirement savingsIndividuals planning for retirementDeposit Protection OfficeCoverage under deposit insurance schemeAll eligible account holdersTrading PlatformTrading PlatformSupportedAvailable DevicesSuitable for What Kind of TradersBCEL One✔Smartphone (iOS/Android)Retail clients seeking mobile banking convenienceBCEL i-Bank✔Desktop, TabletUsers preferring online banking via browserFastTrack✔SmartphoneFast access users for regular transactionsBCEL OneProof✔SmartphoneUsers needing proof of transactions digitally