Minimum account balance and deposit at BGL BNP Paribas as of September 2024
This article discusses what the minimum account balance (if required) and the minimum deposit (if required) at BGL BNP Paribas stand for. Find out in which cases you must have a minimum balance at BGL BNP Paribas.
Have you ever accidentally mixed up the minimum account balance with the minimum deposit? Rest assured, you’re not the only one. To prevent any confusion, we'll tell you what they are and how they differ from each other.
BGL BNP Paribas does not offer margin or derivative trading: you can’t trade stocks/ETFs on margin and derivative products, such as futures or options, are also unavailable. In this case, no minimum account balance is required, you only have to fund your regular brokerage account with the minimum deposit.
The minimum deposit is the minimum amount required for opening an online brokerage account. While some brokers do not require a minimum deposit, others do. The minimum deposit requirement means that you will need to transfer this amount to your brokerage account from your bank account in order to start trading. You can check the minimum deposit at BGL BNP Paribas here.
Minimum account balance for stock/ETF margin trading
When trading stocks and ETFs on margin, the broker itself determines the minimum account balance you must always maintain in your BGL BNP Paribas margin account.
Minimum account balance for derivative products
BGL BNP Paribas offers derivative products to its clients:
Minimum amount to open an account at BGL BNP Paribas
The minimum amount needed to open a BGL BNP Paribas account is $54,000. You can see in the table below how this amount stacks up against the competitors of BGL BNP Paribas.
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Minimum deposit
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$54,000
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$3,240
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$0
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Data updated on September 23, 2024
Bottom line
Now you know what the minimum deposit and the minimum balance are at BGL BNP Paribas and you understand the difference between the two. If you want to dig deeper, read our article on margin calls and short selling.
The minimum deposit is the minimum amount required to open a new online broker account.
The minimum account balance is not relevant at BGL BNP Paribas as it doesn't provide stock/ETF margin trading or derivative products.
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