This agreement outlines the terms and conditions for using Mika Securities Limited’s brokerage services and the Amar Biniyog trading app. By opening an account with us and/or using the app, you agree to be bound by these terms. This document covers our mutual rights and obligations.
Account Opening and Management
To open an account, you must be a resident of Bangladesh with a valid National Identity Card (NID) and a Bank account. You are responsible for providing accurate and complete information during the registration process. You must keep your account information, including your password, confidential. You are fully responsible for all activities that occur under your account. You agree to notify us immediately of any unauthorized use or security breach.
Services Offered
Mika Securities is a licensed brokerage firm regulated by the Bangladesh Securities and Exchange Commission (BSEC). Our services include:
- Brokerage services for buying and selling securities on the Dhaka Stock Exchange (DSE).
- Providing the Amar Biniyog trading app for online trading.
- Maintaining BO (Beneficiary Owner) accounts for clients.
- Providing periodic statements and trade confirmations.
- Facilitating fund transfers to and from your trading account.
Trading Rules and Regulations
All trades executed through Amar Biniyog must comply with the rules and regulations of the DSE and BSEC. You are responsible for understanding the risks associated with investing in the stock market. You acknowledge that Mika Securities is not an investment advisor and does not provide financial advice. All investment decisions are your sole responsibility. We reserve the right to suspend or terminate your account if we suspect any fraudulent or manipulative trading activity.
Fees and Charges
You agree to pay the following fees and charges:
- Brokerage commission on all trades, as determined by the BSEC.
- DSE transaction fees.
- Central Depository Bangladesh Limited (CDBL) fees.
- Any other taxes, duties, or charges levied by the government or regulatory bodies.
- A schedule of our current fees is available on our website and within the app.
Fund and Securities Transfer
Funds deposited into your trading account will be held in a segregated client bank account, as required by BSEC regulations. You can deposit funds via bank transfer or other approved methods. Withdrawals can only be made to the bank account linked to your trading account. Securities bought will be credited to your BO account, and securities sold will be debited.
Data Privacy and Security
We are committed to protecting your personal and financial data. We will use your information to provide our services, process transactions, and comply with legal and regulatory obligations. We will not share your information with third parties without your consent, except as required by law. While we implement security measures to protect your data, you acknowledge that no system is completely immune to cyber threats.
Disclaimer of Warranties
Mika Securities and the Amar Biniyog app are provided on an “as is” and “as available” basis. We do not guarantee that the app will be uninterrupted, error-free, or free of viruses or other harmful components. We are not liable for any losses or damages arising from the use or inability to use the app, including but not limited to, delays in trade execution, system failures, or data loss.
Limitation of Liability
Mika Securities’ total liability for any claim arising out of this agreement will not exceed the amount of the fees paid by you for the services during the six (6) months preceding the event giving rise to the claim. We will not be liable for any indirect, incidental, consequential, or punitive damages.
Governing Law and Jurisdiction
This agreement is governed by the laws of Bangladesh. Any dispute arising out of this agreement shall be subject to the exclusive jurisdiction of the courts of Bangladesh.
Amendments
Mika Securities reserves the right to amend these terms and conditions at any time. We will notify you of any changes through the app, our website, or via email. Your continued use of our services after such changes constitutes your acceptance of the new terms.