Overview
Greenland Equities, headquartered in Dhaka, Bangladesh, operates as an unregulated brokerage firm, meaning it lacks oversight from recognized financial authorities. The company offers various financial services, including brokerage accounts, portfolio management, IPO application assistance, unit fund transactions, and easy fund withdrawal through the Bangladesh Electronic Fund Transfer Network (BEFTN). While they have a well-structured customer support network, with branches in key areas of Dhaka and contact information provided, Greenland Equities does not explicitly mention offering educational resources. Investors should exercise caution when considering unregulated brokers, as they may carry higher risks due to the absence of regulatory oversight and investor protection mechanisms.
Regulation
Greenland is not regulated by any recognized financial authority, which means it operates without oversight and lacks the necessary safeguards to protect investors. Investing with an unregulated broker carries significant risks, as there is no assurance that your funds will be handled securely or that the broker will adhere to industry standards. Additionally, in the event of a dispute or misconduct, it can be challenging to seek legal recourse or file complaints with regulatory bodies. It is generally advisable to choose brokers that are regulated by reputable financial authorities to ensure a higher level of investor protection and accountability.
Pros and Cons
Greenland Equities offers a variety of financial services, including portfolio management and easy fund withdrawal, with the convenience of multiple branches and daily portfolio updates for clients. However, its lack of regulation by recognized financial authorities raises concerns about investor protection and transparency. The absence of explicitly mentioned educational resources and potential challenges in seeking legal recourse in disputes are also noteworthy considerations for prospective clients.
Services
The brokerage firm offers a range of services to cater to investors' needs:
Brokerage Service:
BO Account Open: This service assists clients in opening a Brokerage Account, which is essential for trading in the stock market. It involves the necessary paperwork and account setup to get you started in the world of investing.
Share Buy Sell: The brokerage service allows clients to buy and sell shares of publicly traded companies. It provides a platform where you can execute your stock trades, whether it's for short-term trading or long-term investment.
Account Monitor & Others: The brokerage firm offers tools and resources to help clients monitor their accounts. This may include access to real-time market data, account statements, and other relevant information. Additionally, they may offer various support services to address client inquiries and needs.
Portfolio Management Service:
Portfolio Management: For clients who prefer a hands-off approach to investing or seek professional guidance, the portfolio management service offers experienced investment professionals who manage your investment portfolio on your behalf. They make investment decisions based on your financial goals and risk tolerance.
IPO Application Service:
IPO Money Receive: When new Initial Public Offerings (IPOs) become available, this service assists clients in managing the funds required for IPO applications. It ensures that you have the necessary funds available for potential IPO investments.
Application Submit & Publish Result: The brokerage firm handles the process of submitting IPO applications on your behalf. They also provide updates on IPO results, informing you whether your application was successful or not.
Unit Fund Buy Sell Service:
Unit Fund Buy & Sell: Clients can invest in various unit funds through this service. It includes options such as the MTB Unit Fund, Alliance S & P Shariah Index Fund, and CAPM Unit Fund. This service allows for the purchase and sale of units in these funds.
Easy Withdrawal: BEFTN (Bangladesh Electronic Fund Transfer Network):
Convenient Withdrawal: Clients can easily withdraw funds from their brokerage accounts without visiting a physical location. This is especially convenient as it allows you to manage your finances from home.
Cheque Requisition Form: To initiate a withdrawal, you can simply fill out and email a signed Cheque Requisition Form to the brokerage firm.
BEFTN Deposit: The brokerage firm then directly deposits your requested funds into your bank account through the approved Bangladesh Electronic Fund Transfer Network, ensuring a secure and efficient transfer process.
Daily Emails:
Portfolio Updates: Clients receive daily emails with updates on the performance of their investment portfolio, allowing them to stay informed about how their investments are doing.
Ledger Statements: Ledger statements are provided to clients, detailing their account balances, transaction history, and other financial information.
Trading Confirmation: Confirmation emails are sent to clients following each trade, verifying the execution of their orders and providing transparency in their trading activities.
These comprehensive services are designed to offer a range of options to meet the diverse needs of investors, from active traders to those seeking professional portfolio management, all while ensuring convenience and transparency in financial transactions.
Customer Support
Greenland Equities appears to have a well-structured customer support network, with multiple branches located in key areas of Dhaka, Bangladesh. Here's a description of their customer support:
Head Office:
Located in Dhaka, Greenland Equities' head office serves as the central hub for their operations. It provides a physical address for clients to visit and inquire about their services, accounts, or any concerns they may have.
Contact Information:
The company offers various contact methods, including phone and email. They have multiple phone lines (+88 0241040142, 0241040143, 0241040144) for clients to reach their support team. Additionally, they provide an email address (greenlandequities20@gmail.com) for written communication, which can be useful for sending documents or inquiries.
Website:
Greenland Equities maintains a website (greenlandbd.com) that likely contains additional information about their services, market updates, and possibly a client portal for online account management. A website can be a valuable resource for clients to access information and support online.
Branches:
The brokerage firm has multiple branches in prominent locations around Dhaka, such as Uttara, Gulshan, Hatirpool, Shaymoli, and Motijheel. These branches are strategically situated to provide in-person support and assistance to clients living in different areas of the city.
Branch Contact Details:
Branch Personnel:
While not explicitly mentioned, these branches likely have trained personnel who can assist clients with various services, including account inquiries, trading support, and general information.
Cell Phone Contacts:
Overall, Greenland Equities appears to prioritize accessible and responsive customer support by offering various channels for clients to get in touch and by establishing multiple branches across Dhaka. This approach aims to cater to the diverse needs of their clients and ensure they can receive assistance promptly and conveniently.
Educational Resources
It appears that Greenland Equities does not explicitly mention providing educational resources as part of their services. Educational resources typically include materials like articles, webinars, tutorials, or workshops aimed at helping clients understand financial markets, investment strategies, and trading techniques better.
If you are a potential client seeking educational resources, you may want to explore other brokerage firms or financial institutions that offer such materials to help you make informed investment decisions and enhance your financial knowledge. Many reputable brokers and financial institutions provide educational resources to support their clients' financial literacy and investment skills.
Summary
Greenland Equities is an unregulated brokerage firm based in Dhaka, Bangladesh, which means it lacks oversight from recognized financial authorities, potentially posing risks to investors. While they offer a range of services, including brokerage accounts, portfolio management, IPO application support, unit fund transactions, and easy fund withdrawal, they do not provide explicit educational resources. However, they have a well-structured customer support network, with a central head office and multiple branches across Dhaka, making it convenient for clients to access assistance through various channels, including phone and email. Clients can also receive daily emails with portfolio updates, ledger statements, and trading confirmations. To mitigate risks, it is generally advisable to consider brokers regulated by reputable financial authorities for enhanced investor protection and accountability.
FAQs
Q1: Is Greenland Equities regulated by any financial authority？
A1: No, Greenland Equities is not regulated by any recognized financial authority, which means it operates without oversight.
Q2: What services does Greenland Equities offer？
A2: Greenland Equities offers a range of services, including brokerage accounts, portfolio management, IPO application assistance, unit fund transactions, and easy fund withdrawal.
Q3: How can I contact Greenland Equities for support？
A3: You can contact Greenland Equities by phone at +88 0241040142, +88 0241040143, +88 0241040144, or via email at greenlandequities20@gmail.com. They also have multiple branches in Dhaka for in-person support.
Q4: Do they provide educational resources for investors？
A4: No, Greenland Equities does not explicitly mention providing educational resources as part of their services.
Q5: Why should I choose a regulated broker over an unregulated one？
A5: Regulated brokers are subject to oversight and must adhere to industry standards, providing a higher level of investor protection and accountability. Unregulated brokers may carry significant risks, as there is no assurance of secure fund handling or regulatory recourse in case of disputes.
