Introduction of BSC

BSC Information

BIDV Securities Company (BSC), established on November 26, 2011, calims to be a pioneering entity in Vietnam's stock market, being one of the first securities firms in the country. BSC offers a comprehensive range of services, including brokerage, financial services, and advisory for individual, institutional, and corporate clients. The company provides various trading platforms like WEBTrader and its mobile app, although a demo account is not available. Currently, it is not regulated.

Pros & Cons

Pros of BSC:

Comprehensive Services: BSC offers a range of financial services including brokerage, advisory, asset management, and transactional services.

Diverse Client Base: They serve a diverse clientele, which includes individual investors, institutional clients, and corporations.

A Range of Advisory Services: They offer advisory services covering equitization, IPOs, M&A, and corporate restructuring.

Cons of BSC:

Unregulated Environment: Operating in an unregulated space can pose risks for investors. The lack of regulatory oversight may lead to concerns about investor protections and transparency.

Demo Account Unavailability: The absence of a demo account restricts potential clients from familiarizing themselves with the platform and services before committing real funds. This could be a barrier for new investors or those seeking to test the platform.

Complex Fee Structure: BSC has rather a complex fee structure that could potentially be confusing for clients. This complexity might lead to misunderstandings or unexpected costs for investors.

Is BSC Legit？

BSC currently operates without valid regulation, implying that no governmental or financial authority is overseeing its operations. This situation poses significant risks for investors who choose to engage with the platform. The absence of regulatory oversight means that the individuals managing BSC have the potential to misappropriate funds without facing any legal repercussions. Such a lack of accountability allows for the possibility of fraudulent activities, including the unauthorized use of investors' money for personal gain.

Additionally, the absence of regulation means that the operators of BSC could disappear without any notice, leaving investors with little recourse to recover their investments. This risk is heightened by the fact that BSC is not subject to the same legal and regulatory frameworks that protect investors in traditional, regulated financial markets.

Services

BSC offers a wide range of services tailored to individual, institutional, and corporate clients:

• For Individual Investors:

Brokerage Services:

Consulting and Placing Stock Orders: Assisting clients with stock trading decisions and executing their orders.

Private Asset Management: Providing personalized management of individual investment portfolios.

Analysis Reports and Security Services:

Market Analysis: Offering detailed analysis and reports on stock market trends and opportunities.

Security Services: Ensuring the safety and confidentiality of transactions and market activities.

Transaction and Financial Services:

Transaction Services: Handling stock and bond transactions efficiently.

Financial Services: Including deposit registration and bond payment services.

• For Institutional Investors:

Brokerage Services:

Financial Products and Services: Including investment banking, portfolio management, investment consulting, and in-depth analytical reporting.

Trading Methods: Executing orders through platforms such as Bloomberg, Internet Trading, and Home Trading.

Broker Support: A team dedicated to serving institutional clients with quick searches, information security, and handling large transactions.

Capital and Bonds Trading:

Primary Market Bidding: Bidding for non-bidding investors as per Ministry of Finance requirements.

Secondary Market Orders: Placing orders through various online platforms (Bloomberg, e.BTS, BTS).

Agency Services: Finding buyers/sellers, advising on trading strategies, and providing market information.

Underwriting Services:

Customer Issuer Transactions: Conducting transactions related to government bond bidding.

Analysis Reports:

Regular and Spontaneous Reporting: Providing fast and quality reports on financial market dynamics.

• For Corporate Clients:

Equitization Advisory:Guidance on converting state-owned enterprises into joint-stock companies.

Listing Advisory: Assistance with listing companies on stock exchanges.

Capital Arrangement Advisory: Helping in arranging capital for corporate needs.

Initial Public Offering (IPO) Advisory: Advising companies on the IPO process.

Corporate Re-Structuring Advisory: Consulting on reorganizing company structures for improved efficiency.

M&A Advisory: Providing expertise on mergers and acquisitions to enhance corporate growth and strategy.

Account Types

BSC offers two main types of accounts to cater to the diverse needs of investors: stock trading accounts and derivatives trading accounts.

For opening a stock trading account, investors can visit the BSC head office or any of its branches or transaction points across Vietnam. The required documents include a valid ID card for local investors and more extensive documentation for local institutional investors, such as business registration licenses and authorization letters. Foreign investors are advised to contact BSCs call centers for specific support, as their requirements may vary.

To open a derivatives trading account, investors must first have an existing stock trading account with BSC. This account is suitable for investors aged 18 years or older. Once the application is processed, the derivatives account can be activated within one working day of BSC‘s confirmation of the account’s successful opening on their system.

Trading Platforms

BSC offers two primary trading platforms for investors: WEBTrader and the BSC mobile app, available on both Apple Store and Google Store.

WEBTrader is a web-based platform designed to be compatible with major browsers such as Internet Explorer, Firefox, and Chrome. This accessibility allows investors to trade online without the need for complex installations. The platform supports a comprehensive set of functionalities essential for professional investors, including real-time price charts, price movement analyses, and technical charts.

For mobile users, BSC provides the BSC mobile app, which is optimized for popular devices like iPhones, iPads, and Android smartphones. This app enables traders to stay connected and manage their investments while on the move. It offers essential features like order placement, technical charting, market information updates, and money transfers directly from their handheld devices.

Moreover, while BSC does not offer dedicated apps for all custom handheld or tablet devices, traders can still access their accounts using Mobile Wap. This web-based mobile solution allows them to view and manage existing trades, as well as execute new trades, through their mobile browsers.

Fees

BSC charges various fees tailored to different types of transactions and services for investors. For listed securities, such as stocks and bonds, transaction fees are structured based on the amount involved. Stock transactions incur fees ranging from 0.18% for amounts up to 2 billion VND, down to 0.10% for transactions exceeding 5 billion VND. Similarly, fees for listed bonds vary from 0.1% to 0.02% depending on transaction size.

For derivatives trading, fees are based on the number of contracts per day, ranging from 3,000 VND per contract for up to 5 contracts, to 1,000 VND per contract for over 100 contracts.

Additional charges apply for services like cash advances against stocks, where an annual fee of 12% is levied on the advanced amount. Moreover, fees are imposed on the transfer of unlisted securities, with rates varying based on transaction value and the involvement of BSC as a shareholder management or depository agent.

Furthermore, BSC imposes fees for other services such as securities blockade confirmation, inheritance or donation of securities, and transferring rights to buy additional shares. These fees are structured to cover administrative costs and regulatory requirements associated with managing securities transactions in Vietnam.

For a detailed breakdown of fees applicable to individual investors, you can refer to the BSC website or click directly: https://www.bsc.com.vn/en/individual-services/trading-fee and https://www.bsc.com.vn/en/institution-services/trading-fee .

Deposits & Withdrawals

BSC provides several options for depositing and withdrawing funds to and from their trading accounts. For transferring funds to a BIDV (Bank for Investment and Development of Vietnam) account, customers can do so free of charge, facilitating seamless movement of funds between their securities and deposit accounts.

When transferring funds to bank accounts outside of the BIDV system within the same province or city, BSC applies a fee of 0.012% of the transfer amount, with a minimum charge of 10,000 VND and a maximum of 500,000 VND, excluding VAT. For transfers to bank accounts in another province or city, the fee increases to 0.05% of the transfer amount, with a minimum fee of 20,000 VND and a maximum of 1,000,000 VND, also excluding VAT.

Negative BSC Reviews on WikiFX

On our website, you can see a report of unable to withdraw. Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: (008424) 3935 2722/ (008424) 3926 4660/ (008424) 3821 8889

Fax: (008424) 2220 0669

Email: services@bsc.com.vn

Address: 8th, 9th floor, ThaiHoldings Tower, 210 Tran Quang Khai street, Hanoi, Vietnam

BSC offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform.

Conclusion

BSC presents itself as a robust player in the Vietnamese financial market, offering a comprehensive range of services. This integration of technology enhances accessibility and convenience for managing investments. However, BSC operates in an unregulated environment.

Frequently Asked Questions (FAQs)

Is BSC regulated by any financial authority？

No. It has been verified that this broker currently has no valid regulation.

How can I contact BSC ？

You can contact via phone, (008424) 3935 2722/ (008424) 3926 4660/ (008424) 3821 8889, fax: (008424) 2220 0669, email: services@bsc.com.vn and online messaging.

What platform does BSC offer？

It offers WEBTrader and the BSC mobile app.

Are there any fees for withdraw my BSC trading account？

Yes. BSC applies a fee of 0.012% of the transfer amount, with a minimum charge of 10,000 VND and a maximum of 500,000 VND, excluding VAT. For transfers to a bank account in another province or city, the fee increases to 0.05% of the transfer amount, with a minimum fee of 20,000 VND and a maximum of 1,000,000 VND, excluding VAT.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.