BGL BNP Paribas Review 2019

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 aiming for an account with large banking group and personal advisory services

As a plus

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.

On the flip side

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.

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BGL BNP Paribas review
Fees 0 stars

BGL BNP Paribas has high trading and non-trading fees. As a plus, it has a transparent fee structure.

BGL BNP Paribas stock and ETF fees for a typical trade are high compared to other stockbrokers.

BGL BNP Paribas review
Account opening 0 stars

BGL BNP Paribas account opening needs improvement. On the bright side, you can choose from accounts giving you access to banking products as well. However, opening an account is not a piece of cake. It takes very long, even it can be two weeks. It is not user-friendly and not fully digital.

BGL BNP Paribas review
Deposit and withdrawal 2 stars

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.

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BGL BNP Paribas review
Web trading platform 2 stars

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.

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BGL BNP Paribas review
Mobile trading platform 3 stars

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.

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BGL BNP Paribas review
Markets and products 2 stars

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.

BGL BNP Paribas review
Research 2 stars

You can read analysis and use a good interactive charting. However, there are limited research tools and the available fundamental data is very basic.

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BGL BNP Paribas review
Customer service 1 stars

BGL 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.

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BGL BNP Paribas review
Education 0 stars

BGL BNP Paribas does not provide education tools or a demo account.

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BGL BNP Paribas review
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.

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BGL BNP Paribas review
Bottom line

BGL 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.

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