What United Securities Ltd does

United Securities Limited (USL) is a Bangladesh-incorporated private brokerage firm headquartered in Dhaka, operating as a Trading Right Entitlement Certificate (TREC No. 207) holder of the Dhaka Stock Exchange and a Depository Participant of Central Depository Bangladesh Limited under Bangladesh Securities and Exchange Commission (BSEC) regulation. The firm serves retail, non-resident Bangladeshi (NRB), foreign, and institutional investors through a digital-first model anchored on its USL Momentum platform — an all-in-one trading and portfolio application built in partnership with Quant Fintech Ltd and distributed via iOS, Android, and web, with self-serve BO account opening.

The product surface spans equity trading on the Dhaka and Chittagong stock exchanges, IPO applications, DP services, mutual fund distribution from at least eight Bangladeshing asset managers, and fixed income products (Treasury Bonds, Corporate Bonds, Sukuk). Supporting modules include a stock screener, multi-category research coverage (equity, economic, sector, commodity, strategic, fixed income, market updates, earnings, advisory), Bangladesh-specific macro and sector analytics dashboards, and the Money Master financial literacy platform. Payment processing is delivered through a verified SSLCOMMERZ integration supporting international and domestic methods.

USL earns revenue primarily from brokerage commissions on trade execution, recurring BO account maintenance and setup fees, and pass-through exchange and regulatory levies to DSE, CSE, CDBL, and applicable taxes, with commissions explicitly recognized as fully earned at execution. The firm operates from two Dhaka offices with 27 employees and runs a product-led growth motion through digital onboarding, content marketing, mobile app stores, and relationship managers for institutional clients, though no revenue, funding, ownership, or enterprise customer disclosures are publicly available.

Name

United Securities Ltd

Legal name

United Securities Limited

Website

https://unitedsecurities.com.bd

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

United Securities Limited is a Dhaka-based private brokerage firm and DSE TREC holder offering retail, NRB, foreign, and institutional investors digital trading, IPO, DP, mutual fund, and fixed income services through its USL Momentum platform.

Ownership category

akta.pro rank

Product category

Stock Brokerage Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB)

Keywords

• Stock brokerage services
• Equity trading platform
• Mutual fund distribution
• Depository participant services
• Investment research analytics

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Brokerage Commission: Transaction execution costs charged on buy and sell orders executed through the platform. Brokerage commission is considered fully earned at the moment a trade is executed and cannot be reversed.
2. BO Account Fees: Annual maintenance fees and charges for BO (Beneficiary Owner) account services, including account setup fees for opening new accounts.
3. Exchange and Regulatory Levies: CDBL charges, exchange fees, and applicable taxes as prescribed by DSE/CSE, passed through to clients.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

United Securities Limited operates a stock brokerage and depository participant business in Bangladesh, providing trade execution on the Dhaka Stock Exchange and Chittagong Stock Exchange, IPO application services, and CDBL BO account services. Its core distribution channel is the USL Momentum digital trading platform (web and mobile), which bundles trading, real-time market data, stock screening, analytics dashboards, structured research, and the Money Master financial literacy module. The firm also distributes mutual funds from partner asset managers and provides fixed income (government and corporate bonds) access.

Product overview

United Securities Limited (USL) operates a diversified brokerage and investment platform centered around USL Momentum — an all-in-one stock market platform that integrates trading execution, market analytics, research insights, and financial education. The core platform is complemented by specialized modules for brokerage services, IPO applications, DP services, equity trading, mutual funds, and fixed income products. Supporting tools include market analytics dashboards with sector-specific coverage, a stock screener for filtering listed companies, research reports across multiple categories (equity, economic, sector, commodity, strategic, fixed income, market updates, earnings, advisory), and Money Master — a financial literacy educational platform. USL is a TREC holder of Dhaka Stock Exchange (DSE) and Depository Participant (DP) of CDBL, regulated by BSEC.

Differentiator

Problem solved

Functional benefit

Brands

• USL Momentum: Digital trading platform of United Securities Limited offering smart monitoring tools, instant transactions, research-backed insights, and real-time market updates for retail, NRB, foreign, and institutional investors.

Products and services

• USL Momentum Trading Platform All-in-one stock market trading platform providing smart monitoring tools, instant transaction execution, research-backed insights, and real-time market updates for retail, NRB, foreign, and institutional investors on the Dhaka Stock Exchange.
• USL Momentum Mobile App Mobile trading application available on Android and iOS providing full trading functionality, live market dashboards with DSEX and indices, and Advance/Decline charts for self-serve trading and account management.
• Brokerage Service Core brokerage service for executing equity buy and sell orders on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) for retail, NRB, foreign, and institutional investors.
• IPO Application Service Digital platform for applying to Initial Public Offerings (IPOs) through USL's brokerage services, enabling clients to subscribe to new equity offerings via their BO account.
• DP Services (Depository Participant) Depository Participant services through Central Depository Bangladesh Limited (CDBL) for opening, maintaining, and managing BO (Beneficiary Owner) accounts, including dematerialization and settlement of securities.
• Equity Trading Investment avenue offering access to Dhaka Stock Exchange and Chittagong Stock Exchange listed companies, with tools to screen, analyze, and trade equities across market cap categories (large-cap, mid-cap, small-cap, penny stocks) and 23+ sectors.
• Mutual Funds Distribution Access to BSEC-regulated mutual funds across equity, debt, and hybrid categories via SIP and lump-sum investment options, distributed in partnership with multiple asset management companies including Shanta, VIPB, IDLC, ICB, UCB, Impress Capital, Ekush, and EDGE.
• Fixed Income Investments Investment avenue for government and corporate bonds including Treasury Bonds, Corporate Bonds, and Sukuk with varying maturities and yield profiles, accessible through the USL Momentum platform.
• Research Reports Market intelligence offering covering Equity Research, Economic Research, Sector Research, Commodity Research, Strategic Reports, Fixed Income Research, Market Updates, Earnings Updates, and Advisory Research for retail and institutional investors.
• Market Analytics Dashboards Data-led insights and dashboards covering macro economy, Bangladesh trade statistics, budget data, stock market, money market, and sector-specific analytics for banking, pharmaceutical, telecom, and transport sectors.

Quantifiable outcome

• Available on both Google Play and App Store for mobile trading

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature6 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Quant Fintech LtdcoreTechnology or IntegrationDeveloped the USL Momentum trading platform and the online BO account opening portal. Provides the qTrader technology powering the trading platform. Ongoing technology partnership for platform maintenance and development.
• SSLCOMMERZcoreTechnology or IntegrationPayment gateway provider enabling digital payments including Visa, Mastercard, AMEX, UnionPay, bKash, Nagad, Rocket, and other methods. Verified payment partner for the platform.
• Shanta Asset ManagementminorChannel Partner/ Reseller/ DistributorAsset Management Company offering mutual funds. USL provides distribution channel for Shanta mutual funds through the USL Momentum platform.
• VIPB Asset ManagementminorChannel Partner/ Reseller/ DistributorAsset Management Company whose funds are available for purchase through USL's platform.
• IDLC Asset ManagementminorChannel Partner/ Reseller/ DistributorAsset Management Company whose mutual funds are distributed via USL's platform.
• ICB Asset ManagementminorChannel Partner/ Reseller/ DistributorInvestment Corporation of Bangladesh asset management arm offering mutual funds distributed through USL.
• UCB Asset ManagementminorChannel Partner/ Reseller/ DistributorUnited Credit Bank's asset management company whose funds are available on USL's platform.
• Impress CapitalminorChannel Partner/ Reseller/ DistributorAsset management company with mutual funds available through USL's distribution network.
• Ekush Asset ManagementminorChannel Partner/ Reseller/ DistributorAsset management company offering mutual funds distributed via USL's platform.
• EDGE Asset ManagementminorChannel Partner/ Reseller/ DistributorAsset management company whose funds are available for purchase through USL.
• Dhaka Stock Exchange (DSE)coreOthersUSL is a TREC (Trading Right Entitlement Certificate) holder of the Dhaka Stock Exchange, enabling trading access and market participation.
• Bangladesh Securities and Exchange Commission (BSEC)coreOthersPrimary regulator for securities and capital markets in Bangladesh. USL operates under BSEC regulation.
• Central Depository Bangladesh Limited (CDBL)coreOthersUSL is a Depository Participant (DP) of CDBL, providing dematerialization and settlement services for securities.
• Chittagong Stock Exchange (CSE)minorOthersSecondary stock exchange in Bangladesh where USL enables trading through its platform.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• EBL Securities Limited: Brokerage subsidiary of Eastern Bank PLC providing online trading, IPO subscription, and research across DSE/CSE. Competes head-to-head with USL for retail and institutional clients in Bangladesh.
• IDLC Securities Limited: Bangladesh brokerage arm of IDLC Finance offering equity trading, margin financing, and research on DSE/CSE. Direct peer overlapping in equity execution and BO account services.
• LankaBangla Securities: One of the largest TREC-holding brokerages in Bangladesh, offering equities, margin, and research across DSE/CSE. Direct competitor to USL in retail and institutional brokerage with broader scale and brand recognition.
• BRAC EPL Stock Brokerage: Bank-affiliated Bangladesh brokerage providing online trading, research, and IPO services across DSE/CSE. Competes directly with USL in retail and institutional brokerage segments with strong institutional backing.
• Shanta Securities: Bangladesh brokerage offering equity trading, IPO, and BO account services on DSE/CSE. Direct competitor to USL in the mid-tier retail brokerage segment.
• Premier Bank Securities: Bank-affiliated TREC holder offering equities trading and margin financing on DSE. Direct competitor in the Bangladesh retail brokerage market with similar multi-channel distribution.
• AIBL Capital Market Services: Brokerage arm of Al-Arafah Islami Bank providing DSE/CSE trading, margin, and IPO services. Comparable Bangladesh brokerage peer competing for similar retail and institutional client segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/uslbd

Compliance5 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 United Securities Ltd