BNP Paribas what you should know
BNP Paribas offer three ways to trade: Forex trading, Social trading, Share Dealing.
With BNP Paribas you will need a minimum deposit of $varies. You can sign up for a demo account to acquaint yourself with BNP Paribas platform.
BNP Paribas are able to accommodate various levels of traders whether you are experienced or a beginner.
Are BNP Paribas safe?
When choosing a broker like BNP Paribas the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.
Established in 2004, and in operation for 15 years BNP Paribas have a head office in UK.
BNP Paribas is regulated. This means BNP Paribas are supervised by and is checked for conduct by the Financial Conduct Authority regulatory bodies.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to BNP Paribas, this will be honored. If BNP Paribas violate any regulatory rules their regulated status could be stripped.
Any payments funded to BNP Paribas accounts by traders are held in a segregated bank account.
For added security BNP Paribas use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
Try creating two accounts when you are working with BNP Paribas. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.
Open a demo account Visit BNP Paribas
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
BNP Paribas General Fees
- BNP Paribas withdrawal fees varies on payment method
- BNP Paribas does charge inactivity fees
BNP Paribas Commissions
- BNP Paribas does charge commission on CFD shares
What can you trade with BNP Paribas?
You can trade a wide variety of instruments with BNP Paribas over 60 instruments infact.
If you are looking at trading currency pairs BNP Paribas offer over currency pairs.
Compare BNP Paribas with Interactive Brokers and XTB below.
| FX / Currencies | bnpparibas | IB | XTB |
|---|---|---|---|
| # of forex pairs offered | 10 | 50 | |
| Major forex pairs | No | Yes | Yes |
| Minor forex pairs | No | Yes | |
| Exotic forex pairs | NO | Yes | |
| Cryptocurrencies | NO | No | Yes |
| Commodity CFDs | BNP Paribas | Interactive Brokers | XTB |
|---|---|---|---|
| # of commodities offered | 0 | ||
| Metals | No | Yes | Yes |
| Energies | No | Yes | Yes |
| Agricultural | No | Yes | Yes |
| Indiced & Stock CFDs | BNP Paribas | Interactive Brokers | XTB |
|---|---|---|---|
| # of Stocks offered | 1500 | ||
| UK Shares | No | Yes | Yes |
| US Shares | NO | Yes | Yes |
| German Shares | No | Yes | Yes |
| Japanese Shares | No | Yes | Yes |
|
bnpparibas's
Instruments |
IB's
Instruments |
XTB's
Instruments |
Trading on BNP Paribas web platforms and other applications
BNP Paribas offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.
An BNP Paribas IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device
BNP Paribas also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.
See bnpparibas's platformsBNP Paribas Trading benefits :
- Low min deposit
BNP Paribas Trading Accounts offered:
Can I try BNP Paribas before I buy?
BNP Paribas offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade
What funding methods do BNP Paribas accept?
BNP Paribas offer the below funding payment methods. learn more about BNP Paribas
- Credit cards
How can I start trading with BNP Paribas?
When opening a trading account with BNP Paribas, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on BNP Paribas trading platforms here.
Performing trades with BNP Paribas
BNP Paribas allow you to execute a minimum of trade of $6.95. This may vary depending on the account you open. BNP Paribas allow you to execute a maxium trade of varies.
As a market maker, BNP Paribas may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, BNP Paribas offer margin up to % on currencies.
Support at BNP Paribas
BNP Paribas support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
What you will need to open an account with BNP Paribas
As BNP Paribas is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore BNP Paribas's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with BNP Paribas you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.bnpparibas.co.uk/ on 12th August 2018.
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BNP PARIBAS Frequently Asked Questions
Can I try BNP Paribas before I buy?
BNP Paribas do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here
What funding methods do BNP Paribas accept?
BNP Paribas offer the below funding payment methods accept Credit cards, among other payment methods. Learn more here
How can I start trading with BNP Paribas?
When opening a trading account with BNP Paribas, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on BNP Paribas trading platforms here.
Is my money safe with BNP Paribas?
BNP Paribas is regulated by Financial Conduct Authority. One of the most important criteria for traders when choosing a broker like BNP Paribas is the regulatory body and regulatory status of the broker.
Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to BNP Paribas, this will be honored.
If they violate any regulatory rules their regulated status can be stripped.