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BGL BNP Paribas fees explained

Dec 2018
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Overview of BGL BNP Paribas fees and charges

BGL BNP Paribas logo

BGL BNP Paribas's fees are considered to be high. This is usually a result of high fees across multiple fee types. It's important to be aware of this and to decide whether other advantages of BGL BNP Paribas can still make it a good choice for you. These deciding features can be its research options, its education section or the general user experience you get on its trading platforms.

Here's a high level overview of BGL BNP Paribas's fees

BGL BNP Paribas Fees snapshot
Assets Fee level Fee terms
US stock fee High min €74
EURUSD fee - Not available
US tech fund fee High 0.5% of trade value, min €13
Inactivity fee Low No inactivity fee

BGL BNP Paribas fees
BGL BNP Paribas fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare BGL BNP Paribas fees with its closest competitors, Saxo Bank and Internaxx.

BGL BNP Paribas fees
BGL BNP Paribas trading fees

We see BGL BNP Paribas's trading fees to be high because they charge more than most of its competitors.

Let's break down the trading fees into the different asset classes available at BGL BNP Paribas.

Trading fees

BGL BNP Paribas's trading fees are high.

Stock fees and ETF fees

BGL BNP Paribas has high stock trading fees.

Stock fees of a $2,000 trade
BGL BNP Paribas Saxo Bank Internaxx
USA $84.4 $9.9 $19.0
UK $84.4 $7.2 $19.0
Germany $84.4 $11.4 $30.4

Bond fees

BGL BNP Paribas has high bond fees.

Bond fees of a $10,000 trade
BGL BNP Paribas Saxo Bank Internaxx
USA - $91.2 -
Europe $85.5 $91.2 -

CFD fees

BGL BNP Paribas has CFD trading fees.

CFD fees, commission of a $2,000 trade
BGL BNP Paribas Saxo Bank Internaxx
USA - $10.0 $20.0
UK - $11.6 $21.8
Germany - $11.4 $17.1

Financing rates

BGL BNP Paribas financing rates are high.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

BGL BNP Paribas yearly financing rates
BGL BNP Paribas Saxo Bank Internaxx
Apple financing rate 7.2% 7.1% 7.2%
Vodafone financing rate 5.5% 5.3% 5.7%
EURUSD financing rate - 15.5% 5.0%
EURGBP financing rate - 6.7% 5.0%

BGL BNP Paribas fees
BGL BNP Paribas non-trading fees

When it comes to looking at all the non-trading fees BGL BNP Paribas is an average broker. This means that some of the non-trading fees are high, but the others are low or not charged at all.

Non-trading fees include various brokerage fees and charges at BGL BNP Paribas that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how BGL BNP Paribas stacks up in non-trading fees
BGL BNP Paribas Saxo Bank Internaxx
Withdrawal fee $1 $0 $0
Deposit fee 0 0 0
Inactivity fee No Yes Yes
Account fee Yes No No

BGL BNP Paribas fees
BGL BNP Paribas deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and BGL BNP Paribas is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods BGL BNP Paribas offers.

BGL BNP Paribas deposit methods
BGL BNP Paribas Saxo Bank Internaxx
Bank transfer Yes Yes Yes
Credit/Debit card No Yes No
Electronic wallets No No No
Deposit fee 0 0 0

BGL BNP Paribas fees
BGL BNP Paribas withdrawal fee

Unfortunately, quite like the majority of the online brokers we have reviewed BGL BNP Paribas does charge a withdrawal fee of $1 for the bank transfer. This means that you need to pay this amount of money when you transfer your money back to your bank account. It's up to you to decide whether this is a high amount or not as it's dependent mostly on the size of the transferred amount.

BGL BNP Paribas withdrawal fees and options compared
BGL BNP Paribas Saxo Bank Internaxx
Bank transfer Yes Yes Yes
Credit/Debit card No Yes No
Electronic wallets No No No
Withdrawal fee with bank transfer $1 $0 $0

BGL BNP Paribas fees
BGL BNP Paribas inactivity fee

BGL BNP Paribas does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

AUTHOR

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
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