FAQ
WHAT IS A BO ACCOUNT?
BO Account stands for Beneficiary Owner's Account. If you want to start investing and stock trading in the stock market in Bangladesh, then you need to open a Beneficiary Owners account. Just like a Bank Account is used to hold your money, your BO account is used to maintain your shares. All shares from new IPOs and most of the secondary market shares are in electronic form, and a BO account, owned by you, the investor, holds the electronic shares.
In general, there are two types of Beneficiary Owner accounts. One is Single / Joint BO and the other is NRB BO (Non-Residential Bangladeshi). Besides, there is also another account called Link BO, which is used to transfer your existing BO account from one broker house to another broker house. As you are a general investor, you need to open a Single or Joint BO account. A person can open two Beneficiary Owners accounts in TradeCap: one single account and one joint account.
HOW DO I OPEN A BO ACCOUNT?
Opening a BO account is the first step to start trading in the stock market in Bangladesh. To open a BO account, simply click on this link: BO Account. Once you fill it out, your BO account will be opened automatically by our CDBL department. Please check your email for BO Account Confirmation.
WHAT DOCUMENTS ARE REQUIRED TO OPEN A BO ACCOUNT?
To open a Single/Joint BO Account you simply need the following documents.
- 2 copies of passport-sized photos of the account holder/holders
- Bank Account details (Photocopy of Cheque)
- National ID/Passport photocopy
- Nominee Photo 2copy
- Nominee National ID/Passport photocopy
WHAT DOCUMENTS ARE REQUIRED TO OPEN A NRB BO ACCOUNT?
To open an NRB BO Account, you simply need the following documents:
- 2 passport-sized photos of the account holder/holders
- Photocopy of Passport/Social Security Card/Resident Card etc. duly attested
- Local Foreign Currency Bank Account Statement in Bangladesh and an (optional) Local Bank Account Statement
- Employment certificate/trade license/work permit or Pay slip/tax return document photocopy as proof of earning the status of the NRB
- 1 passport size photo of Nominee with National ID/Passport photocopy
- A nominated person with POA (Power of Attorney) who will sign trading documents on behalf of the NRB while he/she is abroad. His/her photo (attested by the NRB)
WHAT IS THE COST OF OPENING A BO ACCOUNT?
Opening a BO account costs only Tk. 500.
PRIMARY (IPO) AND SECONDARY SHARE? WHAT'S THE DIFFERENCE?
A primary share is where brand new shares (or bonds) are created and offered to the public (for example, through an Initial Public Offering or IPO, mainly through lottery).
The secondary market is where after IPO, issued shares (or bonds) are traded, i.e.: the Stock Exchange (through regular buying and selling).
WHICH BO ACCOUNT SHOULD I OPEN? PRIMARY (IPO) OR SECONDARY?
Actually, there is only one type of BO account. And you can use any BO account for both applying for IPO (primary) and also Buy & Sell shares (secondary). All BO accounts have the same functions.
WHAT DO I DO AFTER OPENING A BO ACCOUNT?
After opening a BO account, you simply need to put money into your BO account to start buying shares in the Dhaka Stock Exchange. Simply fund your BO account from your bank account. You can deposit money into your BO account by using cash(up to 8,75,000/-), cheque, Electronic Fund Transfer, online bank deposit, pay order, or your Credit Card.
HOW DO I BUY STOCKS OR SHARES ON THE DHAKA STOCK EXCHANGE?
After you have opened a BO account and deposited money into that account, you are ready to buy (and sell) shares. You can buy/sell stocks in multiple ways:
Online (through our Mobile app or iTrade on our website)
- Over the phone by calling our Authorized Representative: +8801777-694051
- Visit your nearby branch to place a buy or sell order.
Head Office- Noorani Tower (Level-13), South-East Side 1 Mohakhali C/A, Bir Uttam A K Khandaker Sarak, Dhaka 1212.
Extension Office (Motijheel)- Room No. 202 (1st Floor), 9/E Motijheel C/A, Dhaka-1000.
Digital Booth (Ramgonj)- Mizan Tower (2nd Floor), (Beside Ramgonj Sub-Register Office), 22/1, Thana Road, Ramgonj, Lakshmipur-3720
WHAT IS THE MINIMUM AMOUNT TO INVEST IN SHARE MARKET?
If you wish to invest in the secondary market, there is no minimum amount.
WHAT IS AN IPO?
An IPO, or initial public offering, is the process by which a privately held company begins selling stock to outside investors, thus becoming a public company. From that point on, the company can raise the capital it needs by selling shares, but it must also comply with a strict set of reporting guidelines, as established by the Bangladesh Securities and Exchange Commission (BSEC). An IPO is a subscription process where you simply apply for an IPO through Anwer Khan Modern Securities Ltd. Based on the overall demand for the IPO you will receive IPO shares. The service charge for applying for an IPO is only Tk. 10 total.
HOW CAN I APPLY FOR IPO?
You can apply online for all the latest IPOs. Fill out the form and we will take care of the rest. Just make sure you have enough balance in your Anwer Khan Modern Securities Ltd. BO account.
HOW CAN I DEPOSIT MONEY INTO MY BO ACCOUNT?
Depositing money into your BO account is very easy. You can deposit from any bank account in Bangladesh, free of charge. You can do an online deposit or a physical deposit.
HOW CAN I WITHDRAW MY FUNDS?
All you have to do is fill out this form online. We will deposit your fund directly to your bank account via Bangladesh Electronic Fund Transfer Network. (BEFTN).
DO YOU E-MAIL PORTFOLIOS?
Yes, we do. We email portfolios, ledgers, and trade confirmations daily, after 4 pm. Just write down your email address when your open your BO account with us.
IS THERE AN APP FOR TRADING?
Download the new DSE Mobile App for your iPhone and Android devices. This app lets you trade directly from your phone. You can Buy or Sell from the phone, create your Portfolio, track individual Stocks, create Alerts and Watchlists, get the latest Exchange News, and many more. Download for both iPhone and Android. Register your phone to receive your user ID and Password via email in 2 business days. We also have a desktop version for users who wish to trade over their computers.
DO YOU OFFER ANY TECHNICAL COURSES OR CONDUCT TRAINING SEMINARS?
The Dhaka Stock Exchange does. The organization conducts monthly training programs for anyone willing to learn or enhance his or her market knowledge. Regular courses include programs on Fundamental Stock Analysis, Technical Stock Trading, Equity Portfolio Management, Valuation of Shares, and many more. There are several courses and diplomas available through this wonderful Training Academy. You can check out the monthly schedule by clicking here. And if you have selected the ones you like, just click here to register. Anyone can apply.