The best alternatives to BGL BNP Paribas are
- LYNX - Netherlands-based stockbroker
- DEGIRO - German-Dutch discount broker
- flatex - Germany-based stockbroker
- Comdirect - German investment bank
Let's see in a bit more detail how the BGL BNP Paribas alternatives compare to BGL BNP Paribas and each other:
|
Overall score
|
3.4 stars | 4.1 stars | 4.8 stars | 4.3 stars | 4.1 stars |
|---|---|---|---|---|---|
|
Fees score
|
1.8 stars | 3.4 stars | 4.4 stars | 3.3 stars | 2.0 stars |
|
Account opening score
|
2.0 stars | 2.0 stars | 5.0 stars | 2.8 stars | 2.8 stars |
|
Deposit and withdrawal score
|
3.8 stars | 3.0 stars | 3.0 stars | 3.0 stars | 3.5 stars |
|
Web platform score
|
2.6 stars | 3.8 stars | 4.0 stars | 3.5 stars | 4.4 stars |
|
Markets and products score
|
3.0 stars | 5.0 stars | 3.8 stars | 4.6 stars | 5.0 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 investors appreciating personal advisory services and other benefits offered by a large banking group
- LYNX is recommended for any european traders looking for low stock and etf fees and a good mobile trading platform
- DEGIRO is recommended for traders and investors looking for execution only
- flatex is recommended for investors and traders speaking german and focusing on european securities
- Comdirect is recommended for investors speaking german and focusing on european securities
Important factors of finding BGL BNP Paribas alternatives
So far BrokerChooser has reviewed 102 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 can make a deposit with a credit card at BGL BNP Paribas, this might not be the case at its alternatives.
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!
LYNX
LYNX is a Dutch stockbroker established in 2006. LYNX's market and product range is great, giving you access to most stock exchanges a global investor might be interested in. Stock and ETF trading fees are low, and the research tools provided are great. LYNX deposit and withdrawal options are somewhat limited, as you can only use bank transfer. There is a hefty €3,000 minimum deposit, and the desktop trading platform is not particularly user-friendly. BrokerChooser gave LYNX a 4.1/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Recommended for any european traders looking for low stock and etf fees and a good mobile trading platform
|
US stock
|
$5.0
|
$16.1
|
|---|---|---|
|
UK stock
|
$11.2
|
$21.4
|
|
German stock
|
$6.4
|
$21.4
|
|
Minimum deposit
|
$3,210
|
$53,500
|
|---|---|---|
|
Time to open account
|
>3 days | >3 days |
If you are interested more in LYNX minimum deposit, this overview will help you.
|
Bank transfer
|
Yes | Yes |
|---|---|---|
|
Credit/debit card
|
No | Yes |
|
Electronic wallets
|
No | No |
|
Withdrawal fee
|
$0
|
$0
|
|
Web platform score
|
3.8 stars | 2.6 stars |
|---|---|---|
|
Mobile platform score
|
3.5 stars | 3.1 stars |
|
Desktop platform score
|
3.8 stars | - |
Learn more about LYNX's web trading platform in the detailed LYNX review.
|
Stocks
|
Yes | Yes |
|---|---|---|
|
ETFs
|
Yes | Yes |
|
Forex
|
Yes | No |
|
Funds
|
Yes | No |
|
Bonds
|
Yes | Yes |
|
Options
|
Yes | No |
|
Futures
|
Yes | No |
|
CFDs
|
Yes | No |
|
Crypto
|
Yes
|
No |
DEGIRO
If you’re looking for safe, easy, cheap and no-frills stock trading on the biggest global markets, DEGIRO may just be the perfect choice for you.
It offers inexpensive stock trading on many US and European exchanges, and there are very few extra fees. Its wide ETF selection makes it a great choice for long-term investors, while opening an account is a breeze, with no minimum deposit required.
DEGIRO’s basic but easy-to-use trading platforms are suitable even for those with little trading experience, though its research offering is a little thin.
Simply put, DEGIRO is among the very best stockbrokers out there.
Recommended for traders and investors looking for execution only
|
US stock
|
$2.1
|
$16.1
|
|---|---|---|
|
UK stock
|
$3.4
|
$21.4
|
|
German stock
|
$5.2
|
$21.4
|
|
Minimum deposit
|
$0
|
$53,500
|
|---|---|---|
|
Time to open account
|
1 day | >3 days |
If you are interested more in DEGIRO minimum deposit, this overview will help you.
|
Bank transfer
|
Yes | Yes |
|---|---|---|
|
Credit/debit card
|
No | Yes |
|
Electronic wallets
|
No | No |
|
Withdrawal fee
|
$0
|
$0
|
|
Web platform score
|
4.0 stars | 2.6 stars |
|---|---|---|
|
Mobile platform score
|
4.5 stars | 3.1 stars |
|
Desktop platform score
|
- | - |
Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.
|
Stocks
|
Yes | Yes |
|---|---|---|
|
ETFs
|
Yes | Yes |
|
Forex
|
No | No |
|
Funds
|
Yes | No |
|
Bonds
|
Yes | Yes |
|
Options
|
Yes | No |
|
Futures
|
Yes | No |
|
CFDs
|
No | No |
|
Crypto
|
No
|
No |
flatex
Flatex is a German broker regulated by top-tier authorities such as the German BaFin. flatex has low fees for popular asset classes like stocks and ETFs. It holds a banking license, is listed on several stock exchanges and has a strong parent company. Its educational tools are also varied and of high quality. It is a good choice for beginner investors. On the other hand, forex fees are high. The account opening for non-German residents is overly complicated and can take even weeks. You can use only use bank transfer for deposits and withdrawals. Lastly, a good knowledge of German is required as the services are all in German. BrokerChooser gave flatex a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Disclaimer: Investments involve risks
Recommended for investors and traders speaking german and focusing on european securities
|
US stock
|
$6.3
|
$16.1
|
|---|---|---|
|
German stock
|
$6.3
|
$21.4
|
|
Minimum deposit
|
$0
|
$53,500
|
|---|---|---|
|
Time to open account
|
>3 days | >3 days |
If you are interested more in flatex minimum deposit, this overview will help you.
|
Bank transfer
|
Yes | Yes |
|---|---|---|
|
Credit/debit card
|
No | Yes |
|
Electronic wallets
|
No | No |
|
Withdrawal fee
|
$0
|
$0
|
|
Web platform score
|
3.5 stars | 2.6 stars |
|---|---|---|
|
Mobile platform score
|
4.2 stars | 3.1 stars |
|
Desktop platform score
|
2.8 stars | - |
Learn more about flatex's web trading platform in the detailed flatex review.
|
Stocks
|
Yes | Yes |
|---|---|---|
|
ETFs
|
Yes | Yes |
|
Forex
|
Yes | No |
|
Funds
|
Yes | No |
|
Bonds
|
Yes | Yes |
|
Options
|
No | No |
|
Futures
|
No | No |
|
CFDs
|
No | No |
|
Crypto
|
Yes
|
No |
Comdirect
Comdirect is a German investment bank offering online banking and brokerage services. Comdirect provides access to several German, European and overseas markets. You can trade with all types of products and there is also a great mobile platform. The broker is regulated by a top-tier authority, is listed on a stock exchange and has a banking background. It is a good choice for beginner investors. Comdirect has high trading fees, especially for stocks. The account opening process for non-German/Austrian residents is complicated and can take several weeks, while there is no live chat and phone support is a bit slow. Lastly, a good knowledge of German is required as the services are all in German. BrokerChooser gave Comdirect a 4.1/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Recommended for investors speaking german and focusing on european securities
|
US stock
|
$13.8
|
$16.1
|
|---|---|---|
|
UK stock
|
$13.8
|
$21.4
|
|
German stock
|
$10.6
|
$21.4
|
|
Minimum deposit
|
$0
|
$53,500
|
|---|---|---|
|
Time to open account
|
>3 days | >3 days |
If you are interested more in Comdirect minimum deposit, this overview will help you.
|
Bank transfer
|
Yes | Yes |
|---|---|---|
|
Credit/debit card
|
No | Yes |
|
Electronic wallets
|
No | No |
|
Withdrawal fee
|
$0
|
$0
|
|
Web platform score
|
4.4 stars | 2.6 stars |
|---|---|---|
|
Mobile platform score
|
4.7 stars | 3.1 stars |
|
Desktop platform score
|
3.5 stars | - |
Learn more about Comdirect's web trading platform in the detailed Comdirect review.
|
Stocks
|
Yes | Yes |
|---|---|---|
|
ETFs
|
Yes | Yes |
|
Forex
|
Yes | No |
|
Funds
|
Yes | No |
|
Bonds
|
Yes | Yes |
|
Options
|
Yes | No |
|
Futures
|
Yes | No |
|
CFDs
|
No | No |
|
Crypto
|
Yes
|
No |
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 3.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Recommended for investors appreciating personal advisory services and other benefits offered by a large banking group
|
US stock
|
$16.1
|
$5.0
|
$2.1
|
$6.3
|
$13.8
|
|---|---|---|---|---|---|
|
UK stock
|
$21.4
|
$11.2
|
$3.4
|
-
|
$13.8
|
|
German stock
|
$21.4
|
$6.4
|
$5.2
|
$6.3
|
$10.6
|
|
Minimum deposit
|
$53,500
|
$3,210
|
$0
|
$0
|
$0
|
|---|---|---|---|---|---|
|
Time to open account
|
>3 days | >3 days | 1 day | >3 days | >3 days |
Learn more about BGL BNP Paribas minimum deposit here.
|
Bank transfer
|
Yes | Yes | Yes | Yes | Yes |
|---|---|---|---|---|---|
|
Credit/debit card
|
Yes | No | No | No | No |
|
Electronic wallets
|
No | No | No | No | No |
|
Withdrawal fee
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
Web platform score
|
2.6 stars | 3.8 stars | 4.0 stars | 3.5 stars | 4.4 stars |
|---|---|---|---|---|---|
|
Mobile platform score
|
3.1 stars | 3.5 stars | 4.5 stars | 4.2 stars | 4.7 stars |
|
Desktop platform score
|
- | 3.8 stars | - | 2.8 stars | 3.5 stars |
Learn more about BGL BNP Paribas's web trading platform in the detailed BGL BNP Paribas review.
|
Stocks
|
Yes | Yes | Yes | Yes | Yes |
|---|---|---|---|---|---|
|
ETFs
|
Yes | Yes | Yes | Yes | Yes |
|
Forex
|
No | Yes | No | Yes | Yes |
|
Funds
|
No | Yes | Yes | Yes | Yes |
|
Bonds
|
Yes | Yes | Yes | Yes | Yes |
|
Options
|
No | Yes | Yes | No | Yes |
|
Futures
|
No | Yes | Yes | No | Yes |
|
CFDs
|
No | Yes | No | No | No |
|
Crypto
|
No |
Yes
|
No
|
Yes
|
Yes
|
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.
|
Broker intro
|
Recommended for
|
|
|---|---|---|
| Luxembourg investment bank | Investors appreciating personal advisory services and other benefits offered by a large banking group | |
| Netherlands-based stockbroker | Any European traders looking for low stock and ETF fees and a good mobile trading platform | |
| German-Dutch discount broker | Traders and investors looking for execution only | |
| Germany-based stockbroker | Investors and traders speaking German and focusing on European securities | |
| German investment bank | Investors speaking German and focusing on European securities |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
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