BCEL

Laos

Who withdrew it for me?

Exposure

2022-08-11

FX3660911861

Mexico

I invested $132.96 and operated as a professional trader. I can say that the black market is being manipulated, so that any type of operation that I carry out goes to negative and loses everything.

Exposure

2022-01-13

FX2704492760

Argentina

The operations are completely false. In addition to the fact that once you reach the minimum of $1500, they tell you that the payment will arrive within a period of 3 weeks, but it is not in reality. They only tell you that to calm you down and do not report, but they make me angry anyways. They scammed me $370

Exposure

2022-01-07

卢付祥

United States

I am so glad to have been referred to BCEL by my friend, who is into Forex trading as well. They are very proficient at monitoring the system, implementing the Forex trades and being constantly supportive whenever I requested additional information or assistance. Now, all I do is just have a quick look at their daily report. Thanks a lot!

Positive

2023-03-08

Biz Area

Website

Company Summary

Wiki Q&A

Comment

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Official website

Website

bcel.com.la

103.138.142.2

Server Location

Laos
ICP registration

--
Most visited countries/areas

--
Domain Effective Date

2000-11-20
Website

WHOIS.NIC.LA
Company

LANIC

Company Summary

BCEL Review Summary
Founded	1975
Registered Country/Region	Lao PDR
Regulation	Not regulated
Products and Services	Deposits, Loans, Cards, Fund Transfers, Electronic Banking, Trade Finance, Utilities Payment
Demo Account	❌
Spread	USD ~270, EUR ~480 (approx. FX spread)
Trading Platform	BCEL One, BCEL i-Bank, FastTrack, BCEL OneProof
Customer Support	Tel:(+856-21)213200
	Fax:(+856-21) 213202
	bcelhqv@bcel.com.la

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

Pros	Cons
Broad range of personal and business banking services	Not regulated
Multiple digital banking tools and platforms	No demo or Islamic accounts
FX exchange service available with multiple currencies	No leverage for active trading

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.

Product/Service	Available
Deposits	✅
Loans	✅
Cards	✅
Electronic Banking	✅
ATMs	✅
Fund Transfers	✅
Trade Finance	✅
Utilities Payment	✅
Other Services	✅

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.

Currency	Buy Rate (EFT)	Sell Rate
USD (1–100 Notes)	21,345	21,615
EUR (1–500 Notes)	24,056	24,534
GBP	28,179	28,740
AUD	13,709	14,118
JPY	148.18	151.08
SGD	15,150	15,451
CNY	2,903	2,958

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.

Account Type	Description	Suitable For
Saving Account	Standard interest-bearing account	General users
Fixed Deposit Account	Time-bound savings with fixed interest	Long-term savers
Current Account	For frequent transactions, includes checkbook services	Business users, professionals
Kid Saving Account	Savings product for children	Parents saving for children
Pension Saving Account	Long-term retirement savings	Individuals planning for retirement
Deposit Protection Office	Coverage under deposit insurance scheme	All eligible account holders

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for What Kind of Traders
BCEL One	✔	Smartphone (iOS/Android)	Retail clients seeking mobile banking convenience
BCEL i-Bank	✔	Desktop, Tablet	Users preferring online banking via browser
FastTrack	✔	Smartphone	Fast access users for regular transactions
BCEL OneProof	✔	Smartphone	Users needing proof of transactions digitally

Keywords

5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Wiki Q&A

Xxpro

1-2 years

Can I learn more about BCEL’s fees?

BCEL’s fees are primarily associated with banking and foreign exchange services. While there are no fees for deposits or withdrawals, the spreads on currency exchange, such as USD (~270) and EUR (~480), can impact the profitability of forex traders. Since BCEL is not a broker for BCEL stock trading or other asset classes, users should be aware that its fee structure is not designed for active trading or investments in equities. Clients accessing the BCEL platform should inquire directly about any additional fees for services beyond banking and foreign exchange.

What assets can I trade on BCEL?

BCEL provides foreign exchange services but does not offer a full range of tradable assets. Users can exchange major currencies like USD, EUR, and JPY, but BCEL does not offer access to stocks, commodities, or other investment instruments. For investors looking to trade BCEL stock or other assets, BCEL will not meet their needs, as it is primarily focused on banking and foreign exchange. Clients seeking more advanced trading options should consider other platforms.

What is the spread for foreign exchange on BCEL?

BCEL’s spread for foreign exchange services is approximately USD ~270 and EUR ~480 for major currencies. These spreads are fairly typical within the regional banking market. However, for active traders or those looking to use leverage or trade more volatile currency pairs, the spread might be higher than that offered by dedicated forex brokers. BCEL stock traders or those interested in equities should note that BCEL does not provide stock trading services, so those users will need to seek other platforms that offer competitive spreads for stock transactions.

Can I find detailed information about BCEL’s fees?