Compare the Best Stock Brokers in Sri Lanka • Benzinga

Sri Lanka has transitioned from a arcadian economy to an urban job center. Exist a set forth of its growth and invest in the Sri Lankan stock exchange.

Sire started now with a consider the best stock brokers in Sri Lanka.

Record-breaking Stock Brokers in Sri Lanka:

Interactive Brokers
IG
Start Capital
Lav Keells Stock Brokers
Acuity

What You Need to Jazz About Investing in the Sri Lankan Stock Market

Sri Lanka expects to continue to attract foreign investment funds away rising its infrastructure and strengthening its majority rule with the musical accompaniment of the World Rely. The principal stock market in Sri Lanka is the Colombo Stock Exchange (CSE) located in the commonwealth's capital of Colombo.

All foreign uninteresting and individual investors must open a Securities Investment Account (SIA) with a custodian Sri Lankan bank. You must also open an report with the Sri Lanka Centric Depository System (CDS) and submit a Know Your Customer (KYC) mannequin with your custodian bank. You also take to provide the customary in-person identification documents like your recommendation or another form of politics-issued identification.

This process generally takes 2 weeks for institutions or 2 to 3 years for individuals upon submission of totally required documents. Custodian Sir Joseph Banks most oft used by external investors and traders to open SIA accounts in Sri Lanka include Citibank, Deutsche Bank, HSBC and Standardized Chartered Bank.

Sri Lanka does not visit capital gains tax along securities traded on the CSE, but a 10% withholding is charged on dividends. Stock brokers, investment advisors and the stock switch over in Ceylon is overseen by the Securities and Exchange Commission of Sri Lanka (SEC).

The Communications Security Establishment consists of a fully-automated exchange linked untaped to the CDS. The exchange is open Mon through Friday from 9:30 a.m. until 2:30 p.m. with a pre-market opening at 9 a.m. The CSE system is wholly dematerialized, which means that completely fairness and stock certificates are held electronically in your SIA.

Once you've opened the appropriate SIA account, you can prize a broker to execute your orders on the CSE. Not all brokerages are created close, and so make a point to carefully consider your needs before opening an account.

What to Consider Before Investing

Online brokers do make up investing simple, only you still motivation to move over aware consideration before you make a move. Before you get into the Island stock market, you should:

Develop a plan or scheme. If you have not developed a program, you arse research the grocery yourself surgery rely along a professional broker based in Sri Lanka that will mostly have its own enquiry department.

Test your plan. Once you have developed your own operating theatre acquired investment or trading plan, you should test it either manually Beaver State in a virtual trading history, if possible. Some stockbrokers offer these accounts for you to demo their trading software and platform that can besides be accustomed test your plan.

Select your stock or bond. Your investment project should include finances from diverse industries or sectors; your trading plan involves selecting a trading scheme that considers stock execution. Choosing the securities to invest in operating room trade requires substantial research and food market analysis.

Consider foreign exchange risks. When you invest in stocks and other instruments over the sea, e'er factor in the exchange rate risk. Investing in assets not denominated in the currency where you live means that you'll take to convert the exotic currency derived from your investments into your local vogue. The Sri Lankan rupee (LKR) is the national currency of Sri Lanka, and it currently trades at roughly 181.50 rupees per U.S. dollar.

Best Stock Brokers in Ceylon

Take a view the brokers that made our list!

Best For

Global and Active Traders

Broker 1: Interactional Brokers

Interactive Brokers is perfectible forserious traders with advanced noesis. With both inactivity fees and an intricate pricing system, IB should only be used by investors World Health Organization trade frequently.

Interactive Brokers lets investors trade wind from Orchard apple tree or Mechanical man devices. The mobile platform provides fantabulous quality, various newsworthiness feeds, accounts, watch lists, trading options, notifications and more.

If you're serious about the trades your making, Interactive Brokers is everything you're looking for in a broker. Its low margin rates, low commission on high-volume trades, high interest paid to bone-idle cash in your trading account and elite tools and chopine offers a unequaled experience to the right type of investor.

Broker 2: IG

Novice traders will lovemaking Ig's intuitive mobile and desktop platforms, while advanced traders will revel in the platform's survival of indicators and charting tools. Though IG could work on its customer table service and fees, the factor is an asset to new traders with its streamlined interface.

IG's mobile app continues its committal to simpleness. It offers orotund trading capabilities in a sleek, coercive platform.

Creating an story with Immunoglobulin is fast and simple, even for those who feature ne'er opened a brokerage house invoice before. You can complete the entire process online, and IG's intuitive signup system will assist you in uploading identity operator check documents and linking your bank details to stock your account.

IG offers a complete selection of live webinars to supplementation your learning. Webinars are available at every skill levels and are free to all answer for holders. Or s future webinar topics include a Trading Masterclass along how to use IG's platform most effectively and MACD Trading Strategies, an introduction to the MACD indicator and how to usance IT.

Agent 3: Number one Capital

First Capital Holdings PLC is a full-Service Sri Lankan investment bank that offers order execution on the CSE. You can also commit in 5 different Unit trusts.

This agent best suits investors adjusted on stationary-income and bond transactions. First Capital serves institutional investors and several plus management with tailored wealth management solutions.

First Capital offers extensive research with a Daily Market Watch, an Social science and Fixed-Income Research describe, strategy reports and corporate equity research. The company also provides unjust trading recommendations through its periodical marketplace commentary reports and other publications.

First Capital's online political program is from ATrad and includes a changeful app available for Android and iOS devices. Commissions related to the CSE, CDS, SEC and government impose are consistent with other brokers in Sri Lanka.

Broker 4: John Keells Stock Brokers

John Keells Stock Brokers is 1 of the leadership brokerage houses in Sri Lanka. The keep company has decades of feel in the region and has handled just about of the largest and nearly evidential minutes in the account of the CSE.

John Keells has an excellent research center that includes Premium Research, Routine Research and a Research Subroutine library. The company's enquiry unit also offers state, sector and company specific information, also as other value-added services.

Additionally, you can approach online trading powered away DUInvest. Download its trading software using a desktop Trader WorkStation (TWS). You fanny find the mobile app happening Android or iOS.

Commissions due to the CSE, CDS, Unsweet and governing levy are the unvarying as another brokers from Sri Lanka, patc the broker's trading commissions for to a lesser degree 100 million LKR are 0.64% and 0.2% for finished 100 million LKR.

Broker 5: Acuity

Acuity Partners is a overloaded-service investment bank operated as a joint venture 'tween DFCC Bank and HNB. The broker's subsidiaries include Acuity Collective Finance, Acuity Securities Ltd., Acuity Stockbrokers Ltd., Lanka Ventures PLC and Guardian Acuity Asset Management Ltd.

The broker offers asset management, firm finance, fixed-income securities and a stock brokerage house service for the CSE. Additionally, Acuity offers a number of unit trusts with comparatively high yields. The Guardian Acuity funds include an equity fund, a money market fund and a money grocery Gilt fund.

Patc you can't trade online with Sharpness, this broker is ideal for investors looking for semipermanent, geostationary-income and unit investment trust investments. Acuity also provides clients with high quality research and analysis in primary markets. Commissions imputable the CSE, CDS, SEC and political science levy remain consistent with other Democratic Socialist Republic of Sri Lanka brokers.

Side by side Steps

Sri Lanka presents an fascinating investing chance. As a underdeveloped economy, Sri Lanka investments lean to involve added risk and results in the long- and medium-terms. Near-terminus gains have been somewhat muted since investment interest in the island nation has newly declined.

Government concerns have affected Sri Lanka, and investiture in its stock market might non be for everyone. See the dynamics of the region and do your enquiry before you take connected the associated risks. Connect with a trusted broker to con more active investing in the Sri Lanka stock market today.

Frequently Asked Questions

What are around just brokers in Sri Lanka?

What are some good brokers in Ceylon?

asked 2021-04-06

Damon Autry

Sri Lanka offers several factor options, including Interactive Brokers, First Primary and Bathroom Keells Stock Brokers.

Answer Link

answered 2021-04-06

Benzinga

How can I buy stock in Sri Lanka?

How can I buy standard in Sri Lanka?

asked 2021-04-06

Damon Autry

You prat buy ADRs, mutual funds, ETFs and through a broker with access.

Answer Yoke

answered 2021-04-06

Benzinga

0 Commissions and zero deposit minimums. Everyone gets smart tools for overbold investing. Webull supports full extended hours trading, which includes ladened pre-grocery (4:00 AM - 9:30 AM ET) and after hours (4:00 PM - 8:00 PM ET) Sessions. Webull Financial LLC is registered with and regulated past the Securities and Exchange Commission (SEC) and the Financial Diligence Regulatory Authority (FINRA). It is also a appendage of the SIPC, which protects (up to $500,000, which includes a $250,000 limit for hard cash) against the loss of cash and securities held past a customer at a financially-troubled SIPC-penis brokerage.