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Not Regulated
Score
1.57 /10
Danger
MFIS
5-10 yearsQuestionable Regulatory License
Suspicious Operational Region
High Potential Risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.45
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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
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Warning: Low score, please stay away!
2
Previous Detection :
2026-04-25
- This broker lacks valid forex regulation. Please be aware of the risk!
- Current data indicates that this broker does not have trading software. Please be aware of the risk.
WikiFX Verification
| MFIS Review Summary | |
| Founded | 2009 |
| Registered Country/Region | Bangladesh |
| Regulation | No regualtion |
| Services | Securities brokerage, IPO application processing, research & analysis, BO account opening, buying and selling of shares, dematerialization of shares, re-materialization of shares, pledge & un-pledge of shares, transfer & transmission of shares |
| Trading Platform | DSE Mobile, DSE Web |
| Minumum Deposit | / |
| Customer Support | Contact form |
| Tel: +88-01713057701, 02222292937, 02222293439 | |
| Email: info@fisbd.com, fisbdltd@gmail.com | |
| Social media: Facebook, X, Youtube, Linkedin | |
MFIS Information
MFIS is an unregulated broker, offering services in securities brokerage, IPO application processing, research & analysis, BO account opening, buying and selling of shares, dematerialization of shares, re-materialization of shares, pledge & un-pledge of shares, transfer & transmission of shares on DSE Mobile and Web trading platform.
Pros and Cons
| Pros | Cons |
| Various financial services offered | No regulation |
| Social media support | Unclear fee structure |
| No info on deposit and withdrawal |
Is MFIS Legit?
No. MFIS currently has no valid regulations. Please be aware of the risk!
Services
MFIS offers services in securities brokerage, IPO application processing, research & analysis, BO account opening, buying and selling of shares, dematerialization of shares, re-materialization of shares, pledge & un-pledge of shares, transfer & transmission of shares.
Account Type
MFIS offers several BO accounts, including Regular, Omnibus, and Clearing. However, detailed account features are not disclosed.
Trading Platform
| Trading Platform | Supported | Available Devices |
| DSE Mobile | ✔ | Mobile |
| DSE Web | ✔ | Web |
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