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BGL BNP Paribas Logo

Summary

Recommended for investors appreciating personal advisory services and other benefits offered by a large banking group

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.

Overall Rating
2.7
Fees
1.0
Account opening
0.0
Deposit and withdrawal
2.0
Trading platform
3.0
Markets and products
3.0
Research
2.0
Customer service
2.0
Education
0.0

BGL BNP Paribas pros and cons

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.

Pros Cons
Good stock market coverage High fees
High investor protection Complicated account opening
Limited research tools
BGL BNP Paribas main features and highlights
🗺️ Country of regulation Luxembourg
💰 Trading fees class High
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $1
💰 Minimum deposit $55,000
🕖 Time to open an account >3 days
💳 Deposit with credit card Not available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 4
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Fund, Bond, Options
Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this review

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

BGL BNP Paribas review
Fees

1.0
BGL BNP Paribas has high trading and non-trading fees. As a plus, it has a transparent fee structure.
Pros Cons
Transparent fee structure High trading fees
High non-trading fees
BGL BNP Paribas fees snapshot
Assets Fee level Fee terms
US stock High 1.00-1.50% depending on the invested amount with min €74
EURUSD - Not available
Mutual fund Average 0.5% of trade value, min €13
Inactivity fee Low €117 per half month after 18 months of inactivity

How we ranked fees

We ranked BGL BNP Paribas's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let's go over some lingo 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, Saxo Bank and Internaxx. 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 fees

BGL BNP Paribas trading fees are high.

Stock fees and ETF fees

BGL 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
  BGL BNP Paribas Saxo Bank Internaxx
US stock $81.4 $10.0 $18.4
UK stock $81.4 $9.6 $18.4
German stock $81.4 $11.0 $29.4

Bond fees

BGL BNP Paribas has about the same high bond fees as Saxo Bank.

BGL BNP Paribas commission of a $10,000 government bond trade
  BGL BNP Paribas Saxo Bank Internaxx
EU government bond $82.5 $88.0 -

Non-trading fees

BGL BNP Paribas has high non-trading fees.

€117 per half month after 18 months of inactivity

BGL BNP Paribas non-trading fees
  BGL BNP Paribas Saxo Bank Internaxx
Account fee Yes No No
Inactivity fee Yes Yes Yes
Deposit fee $0 $0 $0
Withdrawal fee $1 $0 $0

BGL BNP Paribas review
Account opening

0.0
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.
Pros Cons
Multicurrency account with access to banking products (card, insurance, term deposits) Slow
Not fully digital
Minimum deposit is higher than $500

Can you open an account?

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BGL BNP Paribas review
Deposit and withdrawal

2.0
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.
Pros Cons
No deposit fee Not user-friendly
Only bank transfer

Compare to other brokers

BGL BNP Paribas review
Web trading platform

2.0
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.
Pros Cons
Two-step (safer) login Not user-friendly
Good search function No clear fee report available
Order confirmation Limited customizability (for charts, workspace)
BGL BNP Paribas platforms to choose from
Trading platform Score Available
Web 2 / 5 stars Yes
Mobile 3 / 5 stars Yes
Desktop - No

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BGL BNP Paribas review
Mobile trading platform

3.0
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.
Pros Cons
Two-step (safer) login Not user-friendly
Good search function Limited order types
No price alerts

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BGL BNP Paribas review
Desktop trading platform

BGL BNP Paribas review
Markets and products

3.0
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 Saxo Bank Internaxx
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex No Yes Yes
Fund No No Yes
Bond Yes Yes No
Options No Yes Yes
Futures No Yes Yes
CFD Yes Yes Yes
Crypto No Yes Yes

BGL BNP Paribas review
Research

2.0
You can read analysis and use a good interactive charting. However, there are limited research tools and the available fundamental data is very basic.
Pros Cons
Good interactive chart No/limited set of analytic tools
Trading ideas Basic fundamental data missing for most stocks

Compare research pros and cons

BGL BNP Paribas review
Customer service

2.0
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.
Pros Cons
English, French and German customer support No live chat
Irrelevant answers
Not reliable email support

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BGL BNP Paribas review
Education

0.0
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.
Pros Cons
Majority of clients belong to a top-tier financial authority Not listed on stock exchange
High level of investor protection Financial information is not publicly available
Banking background

Find your safe broker

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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