Score

1.51 /10
Danger

BCEL

Thailand

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

C

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Comparison

Quantity 3

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.03

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Banque Pour Le Commerce Exterieur Lao Public

Company Abbreviation

BCEL

Platform registered country and region

Thailand

Company website

Facebook

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-07-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
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BCEL · Company summary
BCEL Review Summary
Founded1975
Registered Country/RegionLao PDR
RegulationNot regulated
Products and ServicesDeposits, Loans, Cards, Fund Transfers, Electronic Banking, Trade Finance, Utilities Payment
Demo Account
SpreadUSD ~270, EUR ~480 (approx. FX spread)
Trading PlatformBCEL One, BCEL i-Bank, FastTrack, BCEL OneProof
Customer SupportTel:(+856-21)213200
Fax:(+856-21) 213202
bcelhqv@bcel.com.la

BCEL Information

Founded in 1975, BCEL is a major commercial bank in Laos providing retail and corporate banking services. Though not a regulated broker, it offers various financial products including savings accounts, loans, fund transfers, and electronic banking tools.

BCEL Information

Pros and Cons

ProsCons
Broad range of personal and business banking servicesNot regulated
Multiple digital banking tools and platformsNo demo or Islamic accounts
FX exchange service available with multiple currenciesNo leverage for active trading

Is BCEL Legit?

BCEL (Banque Pour Le Commerce Exterieur Lao Public) is not a licensed or regulated financial broker under Thailands financial regulatory authorities. Although it operates financial services such as deposits, loans, and fund transfers, it does not hold a trading or brokerage license from regulatory bodies like the FCA (UK), ASIC (Australia), CySEC (Cyprus), or the SEC (Thailand).

Is BCEL Legit?

Products and Services

BCEL (Banque Pour Le Commerce Exterieur Lao Public) provides a range of banking products and services designed for personal as well as corporate use. Amongst these are utility payments, financial transfers, electronic banking, cards, loans, and deposit accounts.

Product/ServiceAvailable
Deposits
Loans
Cards
Electronic Banking
ATMs
Fund Transfers
Trade Finance
Utilities Payment
Other Services
Products and Services

BCEL Fees

BCELs trading-related fees, based on foreign currency exchange services, are generally competitive and in line with regional banking standards. Their exchange rates for major currencies such as USD, EUR, and JPY reflect standard banking spreads.

CurrencyBuy Rate (EFT)Sell Rate
USD (1–100 Notes)21,34521,615
EUR (1–500 Notes)24,05624,534
GBP28,17928,740
AUD13,70914,118
JPY148.18151.08
SGD15,15015,451
CNY2,9032,958
BCEL Fees

Account Types

BCEL offers several types of deposit accounts, each tailored to different customer needs. There is no indication of demo or Islamic (swap-free) accounts.

Account TypeDescriptionSuitable For
Saving AccountStandard interest-bearing accountGeneral users
Fixed Deposit AccountTime-bound savings with fixed interestLong-term savers
Current AccountFor frequent transactions, includes checkbook servicesBusiness users, professionals
Kid Saving AccountSavings product for childrenParents saving for children
Pension Saving AccountLong-term retirement savingsIndividuals planning for retirement
Deposit Protection OfficeCoverage under deposit insurance schemeAll eligible account holders
Account Types

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for What Kind of Traders
BCEL OneSmartphone (iOS/Android)Retail clients seeking mobile banking convenience
BCEL i-BankDesktop, TabletUsers preferring online banking via browser
FastTrackSmartphoneFast access users for regular transactions
BCEL OneProofSmartphoneUsers needing proof of transactions digitally
Trading Platform

User Reviews

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User comment

1

Comments

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卢付祥
more than one year
I am so glad to have been referred to BCEL by my friend, who is into Forex trading as well. They are very proficient at monitoring the system, implementing the Forex trades and being constantly supportive whenever I requested additional information or assistance. Now, all I do is just have a quick look at their daily report. Thanks a lot!
I am so glad to have been referred to BCEL by my friend, who is into Forex trading as well. They are very proficient at monitoring the system, implementing the Forex trades and being constantly supportive whenever I requested additional information or assistance. Now, all I do is just have a quick look at their daily report. Thanks a lot!
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2023-03-08 16:01
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