BCEL

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.

Pros and Cons

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).

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.

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.

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.

Trading Platform