BGL BNP Paribas Logo
Fact checked by:
Bence András Rózsa
Updated:
Dec 2022
Recommended for
  • Investors and traders from Europe
Trusted broker
  • Top-tier regulation
  • Compensation in case of broker bankruptcy (terms apply)
  • Long track record - founded in 1919
Popularity
52 people chose this broker in the last 6 months

Our take on BGL BNP Paribas

BGL BNP Paribas is a Luxembourg-based broker. 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. BrokerChooser gave BGL BNP Paribas a 3.1/5 rating based on analyzing 500+ criteria and testing via opening a live account.

BrokerChooser score
3.1 /5
Visit broker
BGL BNP Paribas is not available in United States
Check out the best alternatives
Stock fee
High
Fractional shares
No
Minimum deposit
$49500
Inactivity fee
$1
Pros
Cons
Good stock market coverage
High fees
High investor protection
Complicated account opening
Limited research tools
Expert opinion
“I recommend BGL BNP Paribas for investors appreciating personal advisory services and other benefits offered by a large banking group.”
Gergely Korpos
Co-founder / CPO

BGL BNP Paribas main highlights

🗺️ Country of regulation Luxembourg
💰 Trading fees class High
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $0
💰 Minimum deposit $49,500
🕖 Time to open an account >3 days
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 11
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Fund, Bond, Options

BGL BNP Paribas summary

To read much more details about the broker's services and features, expand on the sections below.

BGL BNP Paribas review
Fees

Score: 0.7/5
+
BGL BNP Paribas has high trading and non-trading fees. As a plus, it has a transparent fee structure.
Read more

BGL BNP Paribas review
Account opening

Score: 2/5
+
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.
Read more

BGL BNP Paribas review
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.
Read more

BGL BNP Paribas review
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.
Read more

BGL BNP Paribas review
Mobile trading platform

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.
Read more

BGL BNP Paribas review
Desktop trading platform

+
Read more

BGL BNP Paribas review
Markets and products

Score: 3.4/5
+
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

BGL BNP Paribas review
Research

Score: 1.5/5
+
You can read analysis and use a good interactive charting. However, there are limited research tools and the available fundamental data is very basic.
Read more

BGL BNP Paribas review
Customer service

Score: 1.1/5
+
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.
Read more

BGL BNP Paribas review
Education

Score: 0/5
+
BGL BNP Paribas does not provide education tools or a demo account.
Read more

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.
Read more

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.

Visit broker

BGL BNP Paribas review
FAQ

+
Read more

Author of this review

Gyula Lencsés, CFA

Author of this review

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés, CFA

Head of Content

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

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

Share

Comments

×