BGL BNP Paribas vs IG compared

BGL BNP Paribas
IG
76% of retail CFD accounts lose money
Key differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Customer service score
    1.1
    /5
  • Fees score
    0.7
    /5
  • Account opening score
    2.0
    /5
  • Customer service score
    4.6
    /5
  • Fees score
    3.5
    /5
  • Account opening score
    4.2
    /5
Recommended for
  • Investors and traders from Europe
  • Forex
    4
    /5
You can't open an account in United States
You can open an account in United States
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Basic data of broker

Overall Score
3.1

Recommended for Investors appreciating personal advisory services and other benefits offered by a large banking group

Overall Score
4.6

Recommended for Traders of any experience level looking for an easy-to-use trading platform

Country of origin

Luxembourg

Country of origin

UK

Fees

Fees score
0.7
Fees score
3.5
Fees summary

High trading and non-trading fees, transparent fee structure

Fees summary

High trading fees, average non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
3.8
Deposit and withdrawal score
4.5
Number of base currencies

11

Number of base currencies

6

Deposit type

Withdrawal type

Account opening

Account opening score
2.0
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$49500

*
Minimum deposit
*

$0

*
Time to open account

>3 days

Time to open account

1-3 days

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
2.6
Web platform score
5.0
Mobile platform score
3.1
Mobile platform score
5.0
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
3.4
Markets and products score
4.7
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

CFD disclaimer

Disclaimer: 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.

Research, education

Research score
1.5
Research score
3.5
Charting quality

Great

Charting quality

Great

Education score
0.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
1.1
Customer service score
4.6
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

€20,000

Investor protection amount

£85,000 in the UK, €20,000 in the rest of Europe excl. Switzerland, no protection in the US and many other countries

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1919

Foundation date

1974

Country of regulation

Luxembourg

Country of regulation

UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand

BGL BNP Paribas

For detailed information and hands-on experience, read our review of this broker.

IG

For detailed information and hands-on experience, read our review of this broker.

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.

BGL BNP Paribas's service is weaker than IG's and a comparison of their fees shows that BGL BNP Paribas's fees are much higher than IG's.

Account opening takes more effort at BGL BNP Paribas compared to IG, deposit and withdrawal processes are somewhat more complicated at BGL BNP Paribas, while customer service quality is considerably lower than IG's.

Our experts rated the trading platform of BGL BNP Paribas as less user-friendly than the platform of IG, found that clients have access to less markets and products with BGL BNP Paribas, while IG provides better research and education.

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