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No Regulation
Score
1.55 /10
Danger
BSPL
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.29
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
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Warning: Low score, please stay away!
2
Previous Detection :
2025-08-22
- 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
| BSPLReview Summary | |
| Founded | 2016 |
| Registered Country/Region | Pakistan |
| Regulation | No regulation |
| Market Instruments | Stocks, equities |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | / |
| Minimum Deposit | / |
| Customer Support | Contact form, 24/7 customer support |
| Tel: +923218400111 | |
| Email: accounts@bspl.com.pk | |
| Social Media: Facebook, Instagram, Twitter | |
| Address: Room No. 214, 2nd Floor, LSE Plaza, 19 Khayaban-e-Aiwan-e-Iqbal, Lahore. | |
| Regional Restrictions | / |
BSPL Information
BSPL is an unregulated broker, offering trading on stocks and equities. However, in terms of some information such as leverage, spread, and minimum deposit, BSPL does not explicitly provide.
Pros and Cons
| Pros | Cons |
| Specialized in stock trading | No regulation |
| Various contact channels | Lack of transparency |
| Limited payment options |
Is BSPL Legit?
No. BSPL currently has no valid regulations. Please be aware of the risk!
What Can I Trade on BSPL?
| Tradable Instruments | Supported |
| Equities | ✔ |
| Stocks | ✔ |
| Forex | ❌ |
| Bonds | ❌ |
| Cryptos | ❌ |
| Options | ❌ |
| Commodities | ❌ |
Account Type
BSPL offers individual accounts and joint accounts.
| Account Type | Minimum Deposit | Maximum Leverage | Currency |
| Individual Account | / | / | / |
| Joint Account | / | / | / |
Deposit and Withdrawal
BSPL accepts payments from cheques, bank drafts, pay orders or any other banking channels. BSPL does not provide information regarding accepted currencies, processing time, and commission fees.
Other Information
BSPL's website has not clearly provided information about trading platform or deposit/withdrawal amount. It might be a scam. Take care!
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