BNP Paribas Guide – Read our In-Depth BNP Paribas Review
This BNP Paribas review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this BNP Paribas review does not apply to US users.
If you're a new entrant in the world of trading and brokerage, so many details will be confusing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You will acquire adept at all the concepts of brokerage since you continue trading. For starters, you have to choose the right broker who'll be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan will create hefty returns. BNP Paribas is one such stage which will take you along with your investment to great heights. It's crucial to understand all about BNP Paribas before you trust them with your money.
Our full BNP Paribas Review covers all you need to learn about trading with BNP Paribas. A good broker can multiply your first investments and provide you favorable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; therefore, you must carefully assess your agent before you choose them. It is a common misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
BNP Paribas is a broker that has forged its way successfully to the brokerage world. In this review, we have tried to collate some of the important aspects of BNP Paribas. This review can help you to know whether BNP Paribas is a good fit for your own investments or not. We have attempted to breakdown all of the qualities and fees for your convenience.
BNP Paribas Review, Table Of Contents
- Who are BNP Paribas?
- Benefits Of Trading With BNP Paribas
- Everything you should know about trading with BNP Paribas
- Is BNP Paribas Safe To Trade With?
- Pro's & Con's Of Trading With BNP Paribas?
- Compare Brokers Similar To BNP Paribas
- Regulation And Licencing In More Detail
- BNP Paribas Awards
- Minimum Deposit Required For A Live Account With BNP Paribas
- BNP Paribas Commission And Fees Explained
- Compare broker fees against BNP Paribas
- BNP Paribas Withdrawal Fees Explained
- BNP Paribas Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With BNP Paribas?
- Alternatives To BNP Paribas
- Frequently Asked Questions About BNP Paribas
Who are BNP Paribas?
BNP Paribas is a foreign exchange broker headquartered in UK and provides a range of instruments for trading. Since its establishment in 2004, BNP Paribas has emerged as a leading player in the industry of online broker. BNP Paribas has an extremely competitive and full-featured trading website that's focused on currency, indices, metals, sharesand commodities.
Over the past 17 years, BNP Paribas has grown into one of the leading online brokers.
After launching in 2004, their client base has become as big as 10,000+ clients.
BNP Paribas is a favorite of many traders.. Our BNP Paribas review discovered that they're an excellent alternative for automated trading solutions. They're best suited for investors that are looking for a variety of assets. Social and automated trading options are the heart at BNP Paribas.
Technology plays a substantial role at BNP Paribas. BNP Paribas features trading on iPhone/iPad,Mac,Desktop,. BNP Paribas is honest, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA). Their outstanding variety of tools will be beneficial for most traders. Third-party partnerships also provide in-house research.
The trader resource department at BNP Paribas is quite insightful for new dealers as it permits them to have a closer look in the financial markets. BNP Paribas caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.
If you feel that BNP Paribas is not right for you then at the bottom of this BNP Paribas review you wil find a lot of alternatives to BNP Paribas.
What you should know about trading with BNP Paribas
BNP Paribas is a lively platform that offers various methods of online trading. These tools cover the financial markets substantially. Most of the broker platforms offer fewer procedures than BNP Paribas
If you want to trade with BNP Paribas, you'll need a minimum deposit of $100. This deposit is required if you wish to start trading using BNP Paribas. This 2021 BNP Paribas review will guide you easily about trading with them.
BNP Paribas is as flexible as another broker platform. BNP Paribas is great for traders who want a manageable array of low-cost services. The platforms supplied by BNP Paribas are third party, white-label offerings. All traders may pick from iPhone/iPad,Mac,Desktop,.
Along with everything, BNP Paribas has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a transaction has to be kept available. The brokers offer premium customer service that rewards clients with advantages.
Many unethical brokers try to pressurise users into larger financing for premium services. BNP Paribas, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the greater advantages will become available.
BNP Paribas accounts are available all over the world and provides outstanding service wherever they have customers. There are only a select few countries where BNP Paribas accounts are not available. Traders in the following countries cannot open or use a BNP Paribas account:
Is BNP Paribas Safe To Trade With?
Established in 2004, BNP Paribas has been open for 17 years, they are headquarted in UK.
BNP Paribas is regulated by Financial Conduct Authority (FCA). These figures have rules that make sure that trading platforms have steps in place to maintain investor's resources secured. This usually means that BNP Paribas users do not need to worry about their money since it is segregated and safely stored in banks that are established. SSL encryption simplifies each user's personal information also.
You can make use of a choice for 2 Factor Authentications (2FA) with BNP Paribas for increased safety. An SMS for the verification code will be sent to your mobile phone. You'll be asked to input this code to log in to your accounts.
Another concern with financial brokers with respect to security may be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is much more prevalent in the example of Market Maker agents who compete with users on the platform.
Pro's & Con's Of Trading With BNP Paribas
Every online trading platform will have some ups and downs, and no BNP Paribas review would be complete without having a balanced approach. This BNP Paribas review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
BNP Paribas Pro's
- BNP Paribas is trusted by 10,000+ clients
- BNP Paribas doesn't charge inactivity fees
- BNP Paribas doesn't charge deposit fees
- BNP Paribas doesn't charge CFD fees
- BNP Paribas offer trading on iPhone/iPad,Mac,Desktop,
- BNP Paribas offer 60 trading instruments
- BNP Paribas can communicate in
BNP Paribas Con's
- BNP Paribas does not offer Negative Balance Protection
- BNP Paribas does not offer Guaranteed Stop Loss
- BNP Paribas charge withdrawal fees
- BNP Paribas doesn't trade major forex pairs
- BNP Paribas doesn't trade minor forex pairs
- BNP Paribas doesn't trade exotic forex pairs
- BNP Paribas doesn't offer trading on cryptocurrencies
BNP Paribas Review - Compare Brokers Similar To BNP Paribas
|BNP Paribas||Ducascopy Bank||Alvexo||Bell Potter Securities|
|Regulated By||Financial Conduct Authority (FCA)||Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA)||Australian Securities and Investment Commission (ASIC), licenced in Australia and Hong Kong for stockbroking and corporate finance activities||Australian Securities and Investment Commission (ASIC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Your capital is at risk|
BNP Paribas Review - Regulation And Licencing In More Detail
BNP Paribas is regulated by Financial Conduct Authority (FCA).
BNP Paribas, as a business, has a powerful collection of rules for ensuring fair trading onto its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client data is never to be shared with some other institutions or individuals. Including credit history and other financial information.
BNP Paribas Review - Awards
- At the time of writing this BNP Paribas review, they had not received any awards.
BNP Paribas Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on BNP Paribas is $100. This is a decent amount for people just beginning. It's possible to create more complex deposits as you go along. However, make certain that you understand how to make the most of your cash before investing in larger amounts.
BNP Paribas Review - Commission And Fees Explained
BNP Paribas is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. That is, an online broker isn't necessarily influenced by the amount of customers they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In these instances, you're spending a spread, funding rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those that are charged when you hold a leveraged position for more than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake on your accounts. They are charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, BNP Paribas doesn't charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by BNP Paribas are relatively higher. As a result, you are billed more for non-trading activities in your trading account, such as withdrawal and deposits. These aren't about the purchase and sale of assets.
This BNP Paribas review breaks down every one of the applicable non-trading fees for you in detail.
Compare broker fees against BNP Paribas
|BNP Paribas||Ducascopy Bank||Alvexo||Bell Potter Securities|
BNP Paribas Review - Withdrawal Fees Explained
BNP Paribas charges a withdrawal fee when you make a bank transfer. Each time you transfer money into your bank accounts, these withdrawal charges become applicable.
Withdrawal of money is possible at any time from the BNP Paribas account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't necessarily have to have any cash in your account.
In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money is going to be sent into the card. BNP Paribas will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're opting to draw in.
BNP Paribas Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your head while open an account with BNP Paribas. An inactivity fee is an amount charged to registered dealers who haven't engaged in purchasing or selling for some time. The period regarded as inactive is decided by the agent.
The inactivity fee differs from 1 broker to another and is not standardized. If a dealers account doesn't have a purchasing or selling transaction, it is claimed by the agent as an inactivity charge. The traders have to pay this commission under conditions and terms they had agreed while enrolling.
BNP Paribas doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no charges have been implied by BNP Paribas, it's best that you close the account if you are inactive. Inactivity fees are not only charged by broker companies but also many financial services.
For other trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is exposed to many conditions and should be disclosed clearly by the agent beforehand.
BNP Paribas Review - Deposit Fees Explained
When you transfer money into your trading account from your bank account, a deposit fee can be charged by the broker. Most brokers do not charge an excessive amount of money for this operation.
BNP Paribas doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the BNP Paribas trading platform is simple. You just need to finish a single-user profile questionnaire to start depositing money into your trading account. You will need to give an identity evidence and proof of residency to deposit substantial sums.
BNP Paribas Review - Compare Broker Deposit Methods
|BNP Paribas||Ducascopy Bank||Alvexo||Bell Potter Securities|
What Can You trade With BNP Paribas?
Note: BNP Paribas provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered can be different depending on the country of residence of the client.
BNP Paribas has a wide variety of over 60 instruments available for you to trade with.
If trading forex pairs is of interest to you then BNP Paribas offer over forex pairs.
Compare BNP Paribas, Ducascopy Bank, Alvexo & Bell Potter Securities below.
Alternatives To BNP Paribas
If, after reading this BNP Paribas review, BNP Paribas doesn't quite fulfill your needs check out these BNP Paribas alternatives.
We have scoured the web to find the best alternatives to BNP Paribas. Click on the hyperlinks below to learn more.
Frequently Asked Questions about BNP Paribas
Can I try BNP Paribas before I buy?
Yes, you can most definitely try BNP Paribas before you buy. BNP Paribas provides demo accounts for the ease of new traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register to get a demonstration account on BNP Paribas, you will set out with a decent amount of virtual currency. It's to establish a sense of security and confidence in you until you decide to invest your own money.
With this digital BNP Paribasdemo account, you are able to experiment in any way, to whatever length you wish. You might even open positions, examine different trading approaches, and more.
BNP Paribas specifies on its official website which you are able to trade real time stocks in a demo account.
Is BNP Paribas safe?
It is possible to drop all your worries because we believe that BNP Paribas is totally safe to use. It's in compliance with the rules of Financial Conduct Authority (FCA).
Nevertheless, BNP Paribas does not provide assured stop-loss protection.
Why does BNP Paribas ask for my passport?
The reason that BNP Paribas asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, BNP Paribas has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, BNP Paribas must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with BNP Paribas?
The process to start trading withBNP Paribas is perhaps simple enough to be a cakewalk. You need to begin by signing up on the BNP Paribas website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with BNP Paribas is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with BNP Paribas.
The best way to kickstart your trading career with BNP Paribas is to open a demo account facility before risking any real money
What funding methods do BNP Paribas accept?
There are a number of ways to fund your account with BNP Paribas. The process is effortless and quick, with various payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to keep in mind that PayPal isn't available in all place. The monies BNP Paribas
Is my money safe with BNP Paribas?
Yes, your money is safe and protected with BNP Paribas. As you already know, BNP Paribas works with proper conformation to. It's established lots of measures to protect all its investors.
BNP Paribas protects its customers' private and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further protect your account, it is possible to empower Two-Step Verification as well. It requires an SMS affirmation for you to access your account.
Is BNP Paribas trading good?
Yes, trading through BNP Paribas is a nice and good experience indeed. It is a great and intuitive platform with helpful features for your ease. Moreover, you can also obtain access to a vast selection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries does BNP Paribas support?
BNP Paribas operates across the world. However, due to regulations there are some countries that BNP Paribas can't accept clients resident in
Is BNP Paribas legit?
BNP Paribas is a legit company headquarted in UK since 2004. They are regulated by Financial Conduct Authority (FCA). BNP Paribas is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is BNP Paribas a good broker?
BNP Paribas is a great agent, and its own users can vouch for this. The highlight of this platform is its quick order execution on transactions.
You'll find the clean layout of the platform along with the admirable features that a pleasure to work with.
Is BNP Paribas a trustworthy broker?
Yes, BNP Paribas is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for BNP Paribas?
The minimum deposit to open a live account with BNP Paribas is $100
How long do BNP Paribas withdrawals take?
Normally, withdrawal of money from BNP Paribas is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from BNP Paribas to show in your bank account.
Are BNP Paribas regulated?
BNP Paribas are regulated by Financial Conduct Authority (FCA)
Is BNP Paribas a market leading broker?
BNP Paribas is indisputably among the industry leaders. It supports over 10,000+ registered users and over 17 years of experience on its own record. They are one of the world's top trading platforms and also a dominant figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and broad range of resources plus tools so you may put money into capital markets.
Is BNP Paribas a con?
No, BNP Paribas is not a con. They are regulated by Financial Conduct Authority (FCA) and must adhere to their rules. Thus, it is safe to say that BNP Paribas is not a scam.
Can you make money with BNP Paribas?
Through BNP Paribas, many traders earn a lot of cash. But typically, through consistent trading, you can create between 2% - 10% profit a month.
This can look to be a small number, but within the year, this adds to a substantial amount of gains. While BNP Paribas provide you all the tools to earn money, they can't guarantee you will gain.
Does BNP Paribas have fees?
Yes. To start trading with BNP Paribas, you need to deposit $100. Certain commissions while trading additionally applies. Any processing fees from your bank might need to be incurred by you.
When was BNP Paribas founded?
BNP Paribas was founded in 2004 in UK. BNP Paribas is regulated by Financial Conduct Authority (FCA).
How many people use BNP Paribas?
BNP Paribas is a globally recognised agent with 10,000+ customers.
Where is the BNP Paribas head office?
BNP Paribas has its head office in UK
Does BNP Paribas offer negative balance protection?
No. BNP Paribas does not offer negative balance protection. If your balance is unfavorable, BNP Paribas suggests that you promptly contact customer services. With this, you can fix any imbalances within your own account.
Does BNP Paribas offer guaranteed stop loss?BNP Paribas regrettably, doesn't provide guaranteed stop loss. BNP Paribas provides a chance to its traders to close their trades in their specified price. Aside from this, BNP Paribas doesn't provide guaranteed stop loss.
Does BNP Paribas allow scalping?Yes, BNP Paribas do permit scalping. Many traders throughout the world select BNP Paribas for their services that are trading. They offer trading on iPhone/iPad,Mac,Desktop, which let this.
Does BNP Paribas allow hedging?
Yes, BNP Paribas does allow hedging.
Can you trade energies with BNP Paribas?
No, unfortunately you cannot trade energy stock with BNP Paribas
Can you trade agricultural shares with BNP Paribas?
No, unfortunately you cannot trade agricultural stock with BNP Paribas
Can you trade cryptocurrency with BNP Paribas?
No, unfortunately you cannot trade cryptocurrency with BNP Paribas
Can you trade metals with BNP Paribas?
No, unfortunately you cannot trade metals with BNP Paribas
Can you trade UK Shares with BNP Paribas?
No, unfortunately you cannot trade UK shares with BNP Paribas
Can you trade US Shares with BNP Paribas?
No, unfortunately you cannot trade US shares with BNP Paribas
Can you trade Japanese Shares with BNP Paribas?
No, unfortunately you cannot trade Japanese shares with BNP Paribas
Can you trade German Shares with BNP Paribas?
No, unfortunately you cannot trade German shares with BNP Paribas
Does BNP Paribas accept bank transfers?
No, BNP Paribas does not accept bank transfers.
Does BNP Paribas accept credit cards?
No, BNP Paribas does not accept credit cards.
Does BNP Paribas accept PayPal?
No, BNP Paribas does not accept PayPal.
Does BNP Paribas accept Skrill?
No, BNP Paribas does not accept Skrill.
Does BNP Paribas accept Payoneer?
No, BNP Paribas does not accept Payoneer.
Does BNP Paribas accept Neteller?
No, BNP Paribas does not accept Neteller.
Does BNP Paribas offer Live Chat customer support?
No, BNP Paribas does not offer customer support through live chat.
Does BNP Paribas offer phone customer support?
No, BNP Paribas does not offer customer support over the telephone.
Does BNP Paribas offer email customer support?
No, BNP Paribas does not offer customer support through email.
What languages can BNP Paribas communicate in?
BNP Paribas has the ability to communicate and support customers who speak:
Does BNP Paribas have a wikipedia page?
No, BNP Paribas does not have an official wikipedia page.
Does BNP Paribas offer demo accounts?
Yes, BNP Paribas offers demo accounts so you can learn their systems before risking any real money.