BNP Markets Review: Is bnpmarkets.com Scam Broker?
BNP Markets is a new MetaTrader4 broker whose website was registered in January 2020.
BNPMarkets offers 4 account types for trading with minimum deposit starting at €2,500.
The broker’s other account types require a minimum deposit of € 5,000, €10,000 and €50,000 respectively.
Compared to the most popular brokers who are well-regulated, these minimums are very high and unrealistic.
Their Silver and Gold account types come with fixed spreads starting 0.7 pips and 1.2 pips respectively while other account types attract zero spreads.
Copy trading is available on Silver and Gold accounts. Leverage starts at 1.200 up to 1:500.
BNP Markets also promises no slippage on their trading accounts.
On top of this, their Platinum and VIP account types (with higher minimum deposit requirements) come with cash rebates, individual sessions with “professional traders”, fundamental and technical analysis and PAMM accounts.
We’re also learning that BNP Markets broker has an extra account type called “Elite Members”.
This account can be opened with 250,000 euros.
BNPMarkets.com is owned and operated by Smart Technology Services LTD which is incorporated at Majuro, REPUBLIC OF THE MARSHALL ISLANDS.
Unfortunately, we still have serious issues against this broker.
Is BNP Markets legit?
In as much as this broker has a professional website and a good deal of features that traders would find useful, the fact remains that they are unregulated.
It is not recommended to trade with a broker that does not hold a valid Forex broker’s license no matter how attractive their website looks like.
The main risk here is that the broker is likely to scam you.
Secondly, traders who choose to use BNP Markets will not enjoy any compensation in case the company goes under.
Thirdly, BNPMarkets.com is a brand new broker who has not established any reputation or garnered any customer reviews yet.
It would be risky and misleading recommending a broker like this one.
Conclusion
With the high minimum deposit, the risk is even greater.
As we conclude this review, we would like to let traders know that BNP Markets is not a broker to be trusted at this time.
Of course we’ll watch out for any further improvements or updates in their service so we can talk about it in this review.
Matthieu
Hi, bnpmarkets scam me and i dont know how to recover my money.
If you could help me i will be grateful.
Fred Geordo
I work with them from 2 month and i make few withdraws and all is okey. I received my money next day.
jack
For sure scam company . i can not withdraw my money. they don t wanna pay back.
BE CAREFULL
Mark Hobbs
how to make this company closed?
they take our money without pursuit !!!
i propose to give this affair to a financial lawyer .
Anshul
what is the guys name? They scammed me too.
Stephen spears
Another scam site is SWISSCAPITAL TRADING total scam avoid it you will lose your money.
Daniel Gor
My withdrawal request has been pending for almost a month now..AVOID BNP Markets by all means. These guys are supercons!!!!!!!!!!
They don’t reply to any of my mails!!!
carine
Yes they are scammer it is more than 0ne month that I am asking my money
Fxabakus
They Are 100% Scam Broker. Those agents are trained to get you to open an account as soon as possible, after you deposit money, they ask you to put more and more. They add a EA to trade on your account and the EA will lose all your money, after that, they ask for larger amount deposit.
KEEP IT DISTANCE FORM THIS SCAM BNP MARKET.
Fxabakus
They Are 100% Scam Broker. Those agents are trained to get you to open an account as soon as possible, after you deposit money, they ask you to put more and more. They add a EA to trade on your account and the EA will lose all your money, after that, they ask for larger amount deposit.
KEEP IT DISTANCE FORM THIS SCAM BNP MARKET.
carine
BNP Markets are the scammer it is more than 1 month that I am trying to take my money no issue. The customer service don’t answer. We are many like that please don’t put your money in this broker