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BGL BNP Paribas Review 2024

Written by
Gyula L.
Fact checked by
Adam N.
Updated
4d ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Web trading platform
Product selection
Regulated and trusted. Tested via live trading.
703 people chose this broker
Not available in United States; see best alternatives

Why choose BGL BNP Paribas

BGL BNP Paribas is a Luxembourg-based broker. It gives you access to a around 20 global stock markets, which is a good coverage. It also offers high investor protection of €100,000.

However, it has very high fees. The account opening is not user-friendly and there is also a high, €50,000 minimum account balance requirement. The research tools are limited.

BrokerChooser gave BGL BNP Paribas a 3.2/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • Good stock market coverage
  • High investor protection
Overall score
3.2/5
Minimum deposit
$54,000
Stock fee
High
Fund fee
Average
Inactivity fee
yes
Account opening
>3 days

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See how the best brokers in the United States compare to BGL BNP Paribas

US stock fee
Estimated commission of a $2,000 trade, assuming a $50 stock price

Fees

Score: 1.3/5
BGL BNP Paribas has high trading and non-trading fees. As a plus, it has a transparent fee structure.
  • Transparent fee structure

We compared BGL BNP Paribas's fees with two similar brokers we selected, LYNX and DEGIRO. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of BGL BNP Paribas alternatives.

High stock and ETF commission

BGL BNP Paribas US stock fees are much higher than the industry average. US stock fees are calculated as follows: Self Invest International: 0.5% of trade value, min €15

Broker
US stock
BGL BNP Paribas
$16.2
LYNX
$5.0
DEGIRO
$2.2
BGL BNP Paribas stock and ETF commission

Average mutual fund commission

BGL BNP Paribas Mutual fund fees are higher than the industry average. Mutual fund fees are calculated as follows: Self Invest International: 1.0%-2.0% of trade value for buy orders, exit orders are free

Broker
Mutual fund
BGL BNP Paribas
$15.0
LYNX
$6.5
DEGIRO
$4.2
BGL BNP Paribas mutual fund commission

High bond commission

BGL BNP Paribas EU/UK government bond fees are much higher than the industry average. EU/UK government bond fees are calculated as follows: Self Invest International: 0.65% of trade value, min €50

Broker
EU/UK government bond
BGL BNP Paribas
$65.0
LYNX
$15.1
DEGIRO
$3.2
BGL BNP Paribas bond commission

High custody fee, no withdrawal fee

Broker
Custody fee
Withdrawal fee
BGL BNP Paribas
$0
LYNX
$0
DEGIRO
$0
BGL BNP Paribas custody, withdrawal and other fees

There is an inactivity fee charged: €117 per half month after 18 months of inactivity.

Safety

BGL 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.
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
Read more

Deposit and withdrawal

Score: 3.8/5
You 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.
  • No deposit fee
Read more

Account opening

Score: 2.5/5
BGL 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.
  • User-friendly
  • Multicurrency account with access to banking products (card, insurance, term deposits)
Read more

Mobile app

Score: 3.1/5
BGL 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.
  • Two-step (safer) login
  • Good search function
Read more

Web trading platform

Score: 2.6/5
The 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.
  • Two-step (safer) login
  • Good search function
  • Order confirmation
Read more

Product selection

Score: 2.4/5
BGL 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.
Read more
“I recommend BGL BNP Paribas for investors appreciating personal advisory services and other benefits offered by a large banking group.”

FAQ

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Author of this review

Gyula Lencsés, CFA
Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.

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.

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