BNP Paribas Review for 2019

BNP Paribas Rated 3/5
BNP Paribas have a low rating. We recommend you look at one of their alternative brokers.
Good alternatives to BNP Paribas

BNP Paribas Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of BNP Paribas we break down the pros and cons. What BNP Paribas are able to offer, what countries BNP Paribas are available in. Who BNP Paribas are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open BNP Paribas's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to BNP Paribas

With this review we hope to help you see if BNP Paribas is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding BNP Paribas that will help you get off to a good start in the world of online trading.

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.

What we like

  • Used by over 10,000 traders
  • Established in 2004
  • Regulated by Financial Conduct Authority
  • Min. deposit from $varies
  • unlimited demo account

What we don't like

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
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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 platforms

BNP 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.

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.