NBL Securities Limited

What NBL Securities Limited does

NBL Securities Limited (NBLSL) is a Dhaka-based, privately held securities brokerage operating as a wholly-owned subsidiary of National Bank Limited. Incorporated in 2011 under the Companies Act 1994 and regulated by the Bangladesh Securities and Exchange Commission, the firm holds Trading Rights Entitlement Certificates (TREC) from both the Dhaka Stock Exchange (TREC No. 203) and the Chittagong Stock Exchange (TREC No. 012), and operates as a CDBL Participant for depository services. The company serves Bangladesh-resident individual investors (its primary segment), alongside corporate clients and financial institutions, and explicitly restricts service to non-Bangladeshi residents. Its offerings include equity, debenture, mutual fund, and private placement trading, margin financing, and premium research.

The company's core technology is a proprietary smart brokerage platform comprising the NBL Aspire / Next Trade mobile application, a Web Terminal, and a first-tier Order Management System (OMS) connected via API to both DSE and CSE matching engines. It claims the first-ever fully online e-KYC and paperless BO account opening process in Bangladesh, end-to-end trade-execution automation (electronic contract notes, SMS/app confirmations, automated settlement), real-time market data for both exchanges, technical and fundamental analysis tools, and an in-house research desk offering premium subscription research. Distribution is hybrid: a self-serve digital channel layered with Relationship Manager support and 7 physical branches plus at least one extension office across Dhaka and Chattogram.

NBLSL's revenue is primarily transaction-based, generated through brokerage commissions on DSE/CSE trades (rates undisclosed and variable), margin facility interest, and a smaller recurring stream from premium research subscriptions. The company employs 26 people across its headquarters at Eunoos Trade Centre in Dhaka and its branch network. There is no public ticker, no disclosed funding, no revenue disclosure, and no international footprint; operations are entirely domestic.

Name

NBL Securities Limited

Legal name

NBL Securities Limited

Website

https://nblsl.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

NBL Securities Limited is a Bangladesh-based, BSEC-regulated securities brokerage and wholly-owned subsidiary of National Bank Limited, operating under DSE and CSE TREC licenses. It provides retail, corporate, and institutional clients with online equity, debenture, and mutual fund trading through its NBL Aspire and Next Trade mobile and web platforms, complemented by 7 branches across the country.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Independent Broker-Dealers (Retail Network) (FSAAAAAC)

akta.pro secondary industry

Agency Equity Execution (Cash Equities) (FSACAFAA)

Keywords

• Online stock trading
• Securities brokerage
• Share trading
• Capital market services
• Retail brokerage

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Brokerage Commission: Commission charged on buy and sell transactions executed through the DSE and CSE exchanges. Commission rates may vary and are subject to change at the discretion of NBL Securities Limited. Transaction levies and other fees imposed by exchanges are passed on to customers.
2. Margin Facilities: Margin financing provided to customers for leveraged trading positions. Interest may be charged on outstanding margin amounts.
3. Premium Research Subscriptions: Revenue from premium facility subscriptions for accessing actual research reports beyond the general excerpts provided to all users.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

NBL Securities Limited operates a smart brokerage ecosystem providing online share trading on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The company delivers brokerage services through a proprietary mobile trading app (NBL Aspire/Next Trade), a web-based trading terminal, and a paperless online e-KYC account opening process. Supporting services include margin financing, real-time market data, technical and fundamental analysis tools, and proprietary research reports.

Product overview

NBL Securities Limited operates a unified smart brokerage ecosystem built around its Next Trade platform (available as Mobile App and Web Terminal) and the NBL Aspire App for account management. The core offering is a comprehensive online share trading platform integrated with a first-tier Order Management System (OMS) that connects to DSE and CSE matching engines. Supporting modules include technical and fundamental analysis tools with real-time market data, proprietary research reports, online e-KYC service for paperless account opening, Live Chat support, and SSLCommerz payment gateway for fund deposits. All services are backed by CDBL for depository operations and managed through 7 branches across Bangladesh.

Differentiator

Problem solved

Functional benefit

Brands

• Next Trade App: Mobile application for trading securities and managing brokerage accounts
• NBL Aspire App

Products and services

• Mobile Trading App (NBL Aspire / Next Trade)
• Web Trading Terminal
• Online Share Trading (Brokerage Service)
• Margin Financing Facility
• Premium Research Subscription
• BO Account (Brokerage/CDBL Depository) Services

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• Dhaka Stock Exchange (DSE)coreTechnology or IntegrationTREC holder of Dhaka Stock Exchange (TREC No 203). NBL Securities operates as an authorized broker with API connection to DSE matching engine for trade execution and settlement.
• Chittagong Stock Exchange (CSE)coreTechnology or IntegrationTREC holder of Chittagong Stock Exchange (TREC No 012). NBL Securities operates as an authorized broker with API connection to CSE matching engine for trade execution and settlement.
• Central Depository Bangladesh Limited (CDBL)coreTechnology or IntegrationNBL Securities operates as a CDBL Participant, facilitating depository account (BO Account) services for dematerialization, rematerialization, and settlement of securities.
• Bangladesh Securities and Exchange Commission (BSEC)coreOthersRegulator of NBL Securities. Company is registered with BSEC as Stock Broker (Registration No. 3.1/DSE-203/2011/457) and Stock Dealer (Registration No. 3.1/DSE 203/2011/458).

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Others

• Dhaka Stock Exchange (DSE): DSE is the primary securities exchange in Bangladesh and the licensing counterparty for NBL Securities' TREC. While not a competitor, DSE is a critical ecosystem participant: NBL's trading volumes and commission revenue are directly tied to DSE's turnover and product roadmap.
• National Bank Limited: National Bank Limited is NBL Securities' parent company, a commercial bank in Bangladesh. It is not a competitor but is the key enabling relationship, providing institutional backing, customer cross-sell pipeline, and brand credibility that defines NBL's market position.

Direct peers

• Green Delta Securities Limited: Green Delta Securities is the brokerage subsidiary of Green Delta Insurance, offering online trading and research. Comparable to NBL as a non-bank-affiliated financial-services-group-backed brokerage serving retail clients in Bangladesh.
• EBL Securities Limited: EBL Securities is the brokerage subsidiary of Eastern Bank Limited, providing online trading on DSE/CSE with mobile and web platforms. It directly competes with NBL Securities in the bank-affiliated retail brokerage segment with a similar product set.
• LankaBangla Securities Limited: LankaBangla Securities is one of the largest retail-focused brokerages in Bangladesh, offering online trading, mobile app, and research. It is the closest direct competitor to NBL Securities, serving the same retail and institutional clients on DSE/CSE with a similar digital brokerage proposition.
• IDLC Securities Limited: IDLC Securities is a leading full-service brokerage in Bangladesh providing online trading, margin financing, and research. It competes head-to-head with NBL Securities for retail and institutional clients on DSE and CSE using a comparable digital-plus-research proposition.
• Premier Securities Limited: Premier Securities is a Bangladesh-based brokerage providing DSE/CSE trading services with an online trading platform. It is comparable to NBL as a similarly sized retail-focused broker operating across the same exchanges.
• Shahjalal Securities Limited: Shahjalal Securities is a mid-sized Bangladesh broker offering DSE/CSE brokerage services with online trading capability. Comparable to NBL in scale, customer base, and product mix for retail investors.
• Asian Tiger Securities Limited: Asian Tiger Securities is a Bangladesh-based brokerage operating on DSE/CSE with online trading capability. Comparable to NBL Securities as a similarly scoped retail brokerage targeting individual investors on the same exchanges.
• BRAC EPL Stock Brokerage Limited: BRAC EPL Stock Brokerage is the brokerage arm of BRAC, one of Bangladesh's largest conglomerates. It offers online trading, mobile platform, research, and margin financing, and is a direct peer to NBL as a bank-affiliated retail brokerage with digital capabilities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks3 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nbl-securities-ltd

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NBL Securities Limited