BGL BNP Paribas is a Luxembourgish investment bank providing online trading and investments. BNP is privately owned, established in 1919, and headquartered in Luxembourg city. BGL BNP Paribas is considered safe because it is regulated by the top-tier Luxembourg regulator, it has a banking license, and the investor protection amount is high. Recommended for investors
appreciating personal advisory services and other benefits offered by a large banking group You can't open an account at BGL BNP Paribas if you live in Australia. See the best alternative available in your country. BGL BNP Paribas gives you access to a ~20 stock markets which is a good coverage. It also offers a high investor protection, €100,000. It has very high fees. The account opening is
not user-friendly and it has also a high €50,000 minimum account balance, The research tools are limited.
BGL BNP Paribas main features and highlights
Our overall BGL BNP Paribas ratingBGL BNP Paribas review FeesBGL BNP Paribas has high trading and non-trading fees. As a plus, it has a transparent fee structure.
How we ranked feesWe ranked BGL BNP Paribas's fee levels as low, average or high based on how they compare to those of all reviewed brokers. First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.
In the sections below, you will find the most relevant fees of BGL BNP Paribas for each asset class. For example, in the case of stock investing the most important fees are commissions. We also compared BGL BNP Paribas's fees with those of two similar brokers we selected, flatex and LYNX. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of BGL BNP Paribas alternatives. To have a clear overview of BGL BNP Paribas, let's start with the trading fees. BGL BNP Paribas trading feesBGL BNP Paribas trading fees are high. Stock fees and ETF feesBGL BNP Paribas stock and ETF fees for a typical trade are very high compared to other stockbrokers. BGL BNP Paribas stock and ETF commission of a $2,000 trade
Bond feesBGL BNP Paribas has about the same high bond fees. BGL BNP Paribas commission of a $10,000 government bond trade
Non-trading feesBGL BNP Paribas has high non-trading fees. There is an inactivity fee charged: €117 per half month after 18 months of inactivity. BGL BNP Paribas non-trading fees
BGL BNP Paribas review Account openingBGL BNP Paribas account opening needs improvement. It is user-friendly and fully digital. you can choose from accounts giving you access to banking products as well. However, the minimum deposit is very high.
Can you open an account?Visit broker BGL BNP Paribas accepts clients from few countries. You can't open an account for example if you are a resident of the US, Iran, Cuba, Switzerland for example. What is the minimum deposit at BGL BNP Paribas?The required BGL BNP Paribas minimum deposit is €50,000.
At BGL BNP Paribas you can choose from an individual account or a joint account, in which the followings are available:
Corporate accounts are not available at BGL BNP Paribas. How to open your accountBGL BNP's account opening is fast and fully digital. Online registration takes only 10 minutes. Our account was only verified after three business days. Saxo's account opening process consists of three steps:
To verify your identity and residency, you have to upload the following documents:
Lost finding a broker?Take your time and compare at your own pace. Sign up to receive bite-sized emails on specific account opening processes, fee calculation, brokerage comparison and more. BGL BNP Paribas review Deposit and withdrawalYou can use only bank transfer for ingoing and outgoing payments. As a plus, BGL BNP Paribas deposit is free of charge. However, it is not user-friendly.
BGL BNP Paribas review Web trading platformThe web trading platform offers a safe two-step login. It has also good search function and you can set order confirmation. But, it is not user-friendly and customizable. There is no clear fee report either.
Visit broker BGL BNP Paribas review Mobile trading platformBGL BNP Paribas mobile trading platform offers two-step login and has a good search function. However, it has limited order types, there are no price alerts and the user-friendliness can be improved.
 Visit broker BGL BNP Paribas review Desktop trading platformBGL BNP Paribas review Markets and productsBGL BNP Paribas gives you access to ~20 stock markets which is a good coverage. It also offers a wide range of mutual funds. Furthermore, you can trade with European bonds and options. On the flip side, there is no FX or CFDs.BGL BNP Paribas asset classes
BGL BNP Paribas review ResearchYou can read analysis and use a good interactive charting. However, there are limited research tools and the available fundamental data is very basic.
Compare research pros and cons BGL BNP Paribas review Customer serviceBGL BNP Paribas customer service needs improvement. There is no live chat and they give irrelevant answers. Furthermore, we have not received answers for our emails.
Visit broker BGL BNP Paribas review EducationBGL BNP Paribas does not provide education tools or a demo account. Visit broker BGL BNP Paribas review SafetyBGL BNP Paribas is regulated by the top-tier CSSF, the Luxembourgish financial regulator. It has a banking license and provides a €100,000 account protection. It is not listed on any stock exchange.
Find your safe broker BGL BNP Paribas review Bottom lineBGL BNP Paribas has a good stock market coverage. It also offers a high investor protection amount which is a great sign for its security. On the other hand, it has very high fees. The account opening is complicated and there is a €50,000 minimum required balance. Lastly, the research tools are limited. Choose BGL BNP Paribas if you are an investor with higher amounts to invest and you want a broker from a top-tier financial jurisdiction. Visit broker BGL BNP Paribas review FAQ
Author of this reviewGergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager. Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager. Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology How prestigious is BNP Paribas?Euromoney's Awards for Excellence 2022 named BNP Paribas for 12 prestigious accolades across businesses and geographies.
What type of bank is BNP Paribas?Paribas, the premier French investment bank
Founded in 1872, Paribas (then called the Banque de Paris et des Pays-Bas) rapidly became the leading French investment bank. It held stakes in a large number of companies and specialised in the financial markets and in infrastructure finance.
Is it good to join BNP Paribas?BNP is an overall good employer. The salary is not great but the benefits definitely complement it. The work environment is definitely a plus; with good team-spirit and a lot of solidarity amongst team members. Management is often involved.
Is BNP Paribas a big bank?BNP Paribas is the second largest banking group in Europe, after HSBC, and ninth largest Banking group in the world. It became one of the five largest banks in the world following the 2008 financial crisis.
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