About Bizwheel
The main component of a healthy environment for self esteem is that it needs be nurturing. It should provide unconditional warmth.
Service
B/O Account Opening
Open a B/O Account seamlessly through our website or visit our state-of-the-art digital booths for personalized assistance.
Trading Services
Execute trades with confidence using our advanced trading platform or get expert guidance from our relationship managers.
Fund Management
Effortlessly deposit and withdraw funds from your B/O account through BEFTN, bank transfers, or cheques.
Margin Loan
Amplify your investment potential with our competitive margin loan facility and maximize your trading opportunities.
Client Support
Access portfolio statements, ledger reports, tax certificates, and receive dedicated support from our expert team.
Frequently Asked Questions
Have questions? We've got answers. If you can't find what you're looking for, feel free to contact us.
Execute your stock buy/sell orders easily by our dedicated trader or using our OMS(Order Management System) through Island iTrade, our dedicated online mobile trading app. You can also visit to trade our OMS website link:https://oms.islctg.com/login.At the end of each trading day, you'll receive an email notification with the status of your portfolio, keeping you informed and up to date.
Before withdrawing, ensure your bank account is linked to your BO account. You can easily withdraw funds from your portfolio account with Island Securities Limited via BEFTN (Bangladesh Electronic Fund Transfer Network), without the need for a cheque. The funds will be automatically credited to your linked Bank Account. You can fill up a requisition form to withdraw fund. Once approved, fund will be transferred to your Bank Account. You can also place requisitions through our OMS (Order Management System).
You must open your BO account through a DP, which is usually a Brokerage house or Merchant bank, Island is a Brokerage house. You can get a BO Account opening form from your chosen DP or download it from their website. The form typically requires: NID, Personal information (name, address, contact details), Bank account details, Nominee information, Type of account (Single, Joint, NRB, etc.).
Charge Head Charge Rate Account Opening Fee BDT 150.00 Annual BO Maintenance Fee BDT 150.00 Share Transfer-In / Transmission-In 0.0125% of the market value of securities Share Transfer-Out / Transmission-Out 0.025% of the market value of securities. Demat Fee 0.015% of the market value of securities. Remat Fee BDT 0.10 per security. Pledge of Securities 0.25% of the market value of securities. Unpledge of Securities 0.125% of the market value of securities. Cheque Dishonor Fee BDT 1,000.00
A Margin Loan is a type of loan provided by a brokerage firm that allows you to borrow money to buy stocks or other securities. Essentially, it's a way to leverage your investments by using a portion of your existing portfolio (your margin or collateral) as security for the loan. In simple terms, it allows you to buy more securities than you could if you were using only your available cash. However, it's important to remember that while margin trading can amplify returns, it can also increase risk if the market goes against your position. At Island Securities Limited, we uphold strict Shariah compliance. Accordingly, we do not offer margin loans, which involve interest, in line with Islamic principles. Instead, we provide an interest-free fund support facility. To access this facility, clients must fulfill certain eligibility requirements.