BGL BNP Paribas Alternatives

May 2019
Our top picks for BGL BNP Paribas alternatives
Saxo Bank Internaxx

The best alternatives to BGL BNP Paribas are

  1. Saxo Bank - Danish investment bank
  2. Internaxx - Luxembourgish online broker
  3. DEGIRO - Dutch discount broker

Let's see in a bit more detail how the BGL BNP Paribas alternatives compare to BGL BNP Paribas and each other:

BGL BNP Paribas alternatives comparison
BGL BNP ParibasSaxo BankInternaxxDEGIRO
Overall score2.84.73.64.6
Fees score 1 stars 3 stars 1 stars 5 stars
Account opening score 0 stars 3 stars 1 stars 5 stars
Deposit and withdrawal score 1 stars 5 stars 3 stars 3 stars
Web platform score 2 stars 5 stars 3 stars 4 stars
Markets and products score 2 stars 4 stars 2 stars 3 stars
Visit broker Visit broker Visit broker Visit broker

Why are these brokers considered good alternatives to BGL BNP Paribas? There are many areas based on which BGL BNP Paribas can be compared with others. When we say a given online broker is a good alternative to BGL BNP Paribas we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

BGL BNP Paribas alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • BGL BNP Paribas is recommended for requires account with large banking group and personal advisory services
  • Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research
  • Internaxx is recommended for beginners and buy and hold investors
  • DEGIRO is recommended for price-sensitive buy and hold investors and traders looking for only execution

Important factors of finding BGL BNP Paribas alternatives

So far Brokerchooser has reviewed 29 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether BGL BNP Paribas or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. BGL BNP Paribas is considered to be a rather expensive broker. This gives you a good chance to cut your costs by choosing a cheaper BGL BNP Paribas alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At BGL BNP Paribas, the account opening is slower than average, so if you consider this important some BGL BNP Paribas alternatives can be a good choice.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at BGL BNP Paribas, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given BGL BNP Paribas alternative is a must.


Now let's dive into the details of how BGL BNP Paribas and its alternatives perform in the most important areas!


BGL BNP Paribas

BGL BNP Paribas logo

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 requires account with large banking group and personal advisory services

Pros
  • Good stock market coverage
  • High investor protection
Cons
  • High fees
  • Complicated account opening
  • Limited research tools

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BGL BNP Paribas
Fees 1 stars

BGL BNP Paribas has high trading and non-trading fees. As a plus, it has a transparent fee structure.
Pros
  • Transparent fee structure
Cons
  • High trading fees
  • High non-trading fees
  • Withdrawal fee
  • Inactivity fee
BGL BNP Paribas alternatives trading fees
BGL BNP ParibasSaxo BankInternaxxDEGIRO
Apple benchmark fee$168.9$20.0$38.3$1.4
Vodafone benchmark fee$169.2$15.0$38.6$11.1
EURUSD benchmark fee-$58.4$57.9-

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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BGL BNP Paribas
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.
Pros
  • Multicurrency account with access to banking products (card, insurance, term deposits)
Cons
  • Slow account opening
  • Not fully digital
  • Minimum account balance is higher than $500
BGL BNP Paribas alternatives minimum deposit and account open times
BGL BNP ParibasSaxo BankInternaxxDEGIRO
Minimum deposit$57,000$725$0$0
Time to open account>3 days1-3 days>3 days1 day

Learn more about the BGL BNP Paribas minimum deposit here.

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BGL BNP Paribas
Deposit and withdrawal 1 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.
Pros
  • No deposit fee
Cons
  • Not user-friendly
  • Only bank transfer
BGL BNP Paribas and alternatives withdrawal options and fees
BGL BNP ParibasSaxo BankInternaxxDEGIRO
Bank TransferYesYesYesYes
Credit/Debit cardNoNoNoNo
Electronic walletsNoNoNoNo
Withdrawal fee$1$0$0$0

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BGL BNP Paribas
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.
Pros
  • Two-step (safe) login
  • Good search function
  • Order confirmation
Cons
  • Not user-friendly
  • No clear fee report available
  • Limited customizability (for charts, workspace)
BGL BNP Paribas and alternatives trading platform scores
BGL BNP ParibasSaxo BankInternaxxDEGIRO
Web platform score 2 stars 5 stars 3 stars 4 stars
Mobile platform score 3 stars 5 stars 3 stars 4 stars
Desktop platform score- 5 stars --

Learn more about BGL BNP Paribas's web trading platform in the detailed BGL BNP Paribas review.

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BGL BNP Paribas
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 and alternatives markets and products
BGL BNP ParibasSaxo BankInternaxxDEGIRO
StockYesYesYesYes
ETFYesYesYesYes
ForexNoYesYesNo
FundNoNoYesYes
BondYesYesNoYes
OptionsNoYesYesYes
FuturesNoYesYesYes
CFDYesYesYesYes
CryptoNoYesYesYes

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#1 BGL BNP Paribas alternative - Saxo Bank
Saxo Bank

Saxo Bank logo

Saxo Bank is a Danish investment bank providing online trading and investments. It is a leading European retail brokerage innovator. Saxo is privately owned, established in 1992, and headquartered in Copenhagen.

Saxo is considered safe as it is regulated worldwide by more than 10 financial regulators, including top-tier regulators, like the UK FCA.

Best trading platform

Recommended for investors and traders looking for a great trading platform and solid research

Pros
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
Cons
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat

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Saxo Bank
Fees 3 stars

Saxo Bank has average trading and non-trading fees.
Pros
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
Cons
  • Inactivity fee
  • High financing rate
  • High forex, bond, options, and futures fees
BGL BNP Paribas vs. Saxo Bank: Trading fees
Saxo BankBGL BNP Paribas
Apple benchmark fee$20.0$168.9
Vodafone benchmark fee$15.0$169.2
EURUSD benchmark fee$58.4-

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker

Saxo Bank
Account opening 3 stars

Account opening is available for almost all residents and is fully digital.
Pros
  • Fast account opening
  • Fully digital account opening
  • Available for almost all residents
Cons
  • Minimum account balance is higher than $500
  • Sales team pushy
  • Only single currency account available at classic accounts
BGL BNP Paribas vs. Saxo Bank: Minimum deposit, time to open an account
Saxo BankBGL BNP Paribas
Minimum deposit$725$57,000
Time to open account1-3 days>3 days

If you are interested more in Saxo Bank minimum deposit, this overview will help you.

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Saxo Bank
Deposit and withdrawal 5 stars

Saxo provides multiple deposit and withdraw options free of charge on a user-friendly interface.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card deposit and withdrawal not available
BGL BNP Paribas vs. Saxo Bank: Withdrawal options
Saxo BankBGL BNP Paribas
Bank TransferYesYes
Credit/Debit cardNoNo
Electronic walletsNoNo
Withdrawal fee$0$1

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Saxo Bank
Web trading platform 5 stars

Saxo Bank's web trading platform is easy-to-use and well-designed. However, it doesn't provide a two-step login and the customizability is limited.
Pros
  • User-friendly
  • Good search function
  • Looks nice
Cons
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
Web trading platform of Saxo Bank, a BGL BNP Paribas alternative
BGL BNP Paribas vs. Saxo Bank: Trading platform scores
Saxo BankBGL BNP Paribas
Web platform score 5 stars 2 stars
Mobile platform score 5 stars 3 stars
Desktop platform score 5 stars -

Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.

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Saxo Bank
Markets and products 4 stars

At Saxo Bank you can reach many markets and trade with a lot of different products except for funds.
BGL BNP Paribas vs. Saxo Bank: Markets and products
Saxo BankBGL BNP Paribas
StockYesYes
ETFYesYes
ForexYesNo
FundNoNo
BondYesYes
OptionsYesNo
FuturesYesNo
CFDYesYes
CryptoYesNo

More Visit broker

#2 BGL BNP Paribas alternative - Internaxx
Internaxx

Internaxx logo

Internaxx is a Luxembourg-based online broker specialized in international investors and expats. It was established in 2000. It is regulated by CSSF, the Luxembourg financial regulator. 

Internaxx 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 beginners and buy and hold investors

Pros
  • Great research by Morningstar
  • Outstanding investment fund offering
  • Banking license and high investment protection
Cons
  • High fees
  • Slow and not fully digital account opening
  • Limited education materials

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Internaxx
Fees 1 stars

Internaxx offers high trading fees and average non-trading fees. It has an easy to understand fee structure.
Pros
  • Transparent fee structure
Cons
  • High trading fees
  • Inactivity fee
  • High financing rate
BGL BNP Paribas vs. Internaxx: Trading fees
InternaxxBGL BNP Paribas
Apple benchmark fee$38.3$168.9
Vodafone benchmark fee$38.6$169.2
EURUSD benchmark fee$57.9-

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker

Internaxx
Account opening 1 stars

You can open an account without a required minimum amount. However, the process is not fully digital, you need to submit the docs by post.
Pros
  • No minimum account balance
Cons
  • Slow account opening
  • Not fully digital
  • Not user-friendly
BGL BNP Paribas vs. Internaxx: Minimum deposit, time to open an account
InternaxxBGL BNP Paribas
Minimum deposit$0$57,000
Time to open account>3 days>3 days

If you are interested more in Internaxx minimum deposit, this overview will help you.

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Internaxx
Deposit and withdrawal 3 stars

At Internaxx you can have your account in 9 different currencies. This is convenient. On the other side, you can deposit and withdraw only via a bank transfer.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card deposit and withdrawal not available
BGL BNP Paribas vs. Internaxx: Withdrawal options
InternaxxBGL BNP Paribas
Bank TransferYesYes
Credit/Debit cardNoNo
Electronic walletsNoNo
Withdrawal fee$0$1

More Visit broker

Internaxx
Web trading platform 3 stars

Internaxx has a well-designed and user-friendly web trading platform. However, it lacks the customizability, the two-step login and order types are limited.
Pros
  • User-friendly
  • Innovative functions (i.e. Chatbot)
  • Looks nice
Cons
  • No two-step (safe) login
  • Limited order types
  • No order confirmation
Web trading platform of Internaxx, a BGL BNP Paribas alternative
BGL BNP Paribas vs. Internaxx: Trading platform scores
InternaxxBGL BNP Paribas
Web platform score 3 stars 2 stars
Mobile platform score 3 stars 3 stars
Desktop platform score--

Learn more about Internaxx's web trading platform in the detailed Internaxx review.

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Internaxx
Markets and products 2 stars

At Internaxx you can trade with almost all asset classes except for bonds. You will have access to a great investment fund list while other asset classes are mid-range.
BGL BNP Paribas vs. Internaxx: Markets and products
InternaxxBGL BNP Paribas
StockYesYes
ETFYesYes
ForexYesNo
FundYesNo
BondNoYes
OptionsYesNo
FuturesYesNo
CFDYesYes
CryptoYesNo

More Visit broker

#3 BGL BNP Paribas alternative - DEGIRO
DEGIRO

DEGIRO logo

DEGIRO is a trending Dutch online discount broker. It is privately owned and was established in 2013 by former employees of another brokerage company.

DEGIRO is considered safe as it is regulated by top-tier financial regulators, the Dutch AFM and DNB. It is registered with the Chamber of Commerce and Industry in Amsterdam under number 34342820.

Best discount broker

Recommended for price-sensitive buy and hold investors and traders looking for only execution

Pros
  • One of the lowest fees in the market
  • Broad access to international markets
  • Easy to use web and mobile platform
Cons
  • Limited research and no education
  • No forex trading
  • No credit/debit card deposit and withdrawal

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DEGIRO
Fees 5 stars

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best in the market. There is one free ETF trading per month, a great offer for buy-and-hold investors.
Pros
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
  • One free ETF trade per month
Cons
  • Yearly service fee for mutual funds
  • Higher trading fees for Asian and smaller European stock exchanges
BGL BNP Paribas vs. DEGIRO: Trading fees
DEGIROBGL BNP Paribas
Apple benchmark fee$1.4$168.9
Vodafone benchmark fee$11.1$169.2
EURUSD benchmark fee--

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker

DEGIRO
Account opening 5 stars

DEGIRO has an easy and fast account opening process. Also, there is no minimum deposit.
Pros
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
Cons
None
BGL BNP Paribas vs. DEGIRO: Minimum deposit, time to open an account
DEGIROBGL BNP Paribas
Minimum deposit$0$57,000
Time to open account1 day>3 days

If you are interested more in DEGIRO minimum deposit, this overview will help you.

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DEGIRO
Deposit and withdrawal 3 stars

DEGIRO deposit and withdrawal is free of charge via bank transfer and SOFORT. On the other hand, you cannot deposit with credit or debit card.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card deposit and withdrawal not available
BGL BNP Paribas vs. DEGIRO: Withdrawal options
DEGIROBGL BNP Paribas
Bank TransferYesYes
Credit/Debit cardNoNo
Electronic walletsNoNo
Withdrawal fee$0$1

More Visit broker

DEGIRO
Web trading platform 4 stars

DEGIRO’s web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, it is a bit complicated to customize.
Pros
  • User-friendly
  • Two-step (safe) login
  • Looks nice
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts
Web trading platform of DEGIRO, a BGL BNP Paribas alternative
BGL BNP Paribas vs. DEGIRO: Trading platform scores
DEGIROBGL BNP Paribas
Web platform score 4 stars 2 stars
Mobile platform score 4 stars 3 stars
Desktop platform score--

Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.

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DEGIRO
Markets and products 3 stars

At DEGIRO you can access many markets and trade with a lot of different products, except for forex.
BGL BNP Paribas vs. DEGIRO: Markets and products
DEGIROBGL BNP Paribas
StockYesYes
ETFYesYes
ForexNoNo
FundYesNo
BondYesYes
OptionsYesNo
FuturesYesNo
CFDYesYes
CryptoYesNo

More Visit broker

BGL BNP Paribas alternatives
Bottom line

Based on our analysis, there are several good alternatives to BGL BNP Paribas. They all offer similar products and target similar customers. Here's a recap of the results in a table.

BGL BNP Paribas alternatives
BrokerInfoRecommended for
BGL BNP ParibasLuxembourgish investment bankRequires account with large banking group and personal advisory services
Saxo BankDanish investment bankInvestors and traders looking for a great trading platform and solid research
InternaxxLuxembourgish online brokerBeginners and buy and hold investors
DEGIRODutch discount brokerPrice-sensitive buy and hold investors and traders looking for only execution

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

AUTHOR

Dan Sallai
Dan Sallai
CMO
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
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