BNP Groups LLC, registered number 919912, claims to own the platform and has an office in the UK. However, there is no information about the UK license on the website. As for the project’s history, the site’s owners report it started in 2011. It is worth noting that the company lists its annual awards as the best financial organization from the global forex communities for 2018-2021.
Is it safe for you to trade on this platform? We will conclude about the reliability of this broker in our site review.
How to Trade
BNP Groups offers clients to invest in financial instruments such as forex currency pairs, CFDs on indices, stocks, bonds, commodities, and cryptocurrencies. The company claims that traders’ funds are kept in segregated accounts, separate from broker funds.
The company’s website publishes a lot of unnecessary information that doesn’t tell traders anything. Meanwhile, the broker does not disclose the indicators of trading plans and technical parameters that clients need. You will find the following tabs:
- Trading conditions with concise text about the possibility of opening accounts/wallets in different currencies.
- Training outlining BNP Group priorities to enable clients to make informed decisions.
- Program analytics and security guarantees with a declaration of minimal delays and better execution of transactions.
The BNP Group security service will block the client’s account without the possibility of withdrawal and prior notice in case of suspicion of fraudulent trading. If you register an account, you will agree to the provisions that the company charges an upfront commission from 12% to 24.5% on customer accounts.
BNP Groups Vital Info
Project representatives claim many years of experience in international financial markets. However, the date of domain registration in November 2023 tells us that the platform was founded only a couple of months ago. Accordingly, we have great doubts about the history of the company’s development from its start in 2011 to the largest broker in Europe currently.
Regarding the authenticity of this firm’s registration, we checked the register of legal entities in the UK and other suitable countries, but we did not find BNP Groups LLC anywhere. Moreover, the company with registered number 919912 has nothing to do with brokerage activities and it has a different address. We have a natural question for the site owners: why are there no photocopies of the registration certificate, license of the British regulator on the site, and whether this legal entity really exists?
I invested 6,000 dollars into the account and traded on signals that didn't give any profit, and in the end, I almost lost everything. I have only 780 dollars left and I wanted to withdraw it to my cryptocurrency wallet. However, the broker does not let me withdraw it, the technical support writes me that I need to verify again. I sent the documents, but the security service does not check them.
The broker has a huge security hole. I registered an account and specified an email, but I never received an email to confirm that it was my email - the contact information the platform owners just made up. The phone number given for contacting bnp groups is invalid, as is the email address.
Now I already understand very well what this garbage dump is. It's clear that it is an unregulated organization, it's clear that it is a scam, that there is no insurance for client deposits, that there is no passed audit, that there are no financial statements, that it is a forex scam and not a real intermediary. All of this made sense to me. But unfortunately, I did not know any of this at the moment when I deposited with bnp groups for the first time ☹️ I thought that this is an experienced broker, which has been working for more than 10 years, and I can entrust my funds to this company, I thought that professionals work here because there is analytics, there is support for traders, there are training courses. In general, I was inexperienced and stupid. As a result, I lost the accumulated 3,000$ that I had deposited. At first, the managers just helped me drain my money, they drew any charts they wanted and gave me unprofitable signals. I tolerated all this with the hope that soon I would start earning. But the deposit was getting smaller and smaller, and finally, I stopped when I had about 350$ left. But these scoundrels didn't let me withdraw even this small amount. I can't even withdraw the rest of my money from this scam. Know that bnp groups is a collection of scammers who won't refund you a single cent ❌
Two months have passed since I became a client of this company. During this period I deposited 400 USDT. The amount I have withdrawn during this time is 1,200 USDT, as you can see, this amount is 3 times more than my initial deposit. I can't call this broker a scammer, because scammers don't let clients earn and withdraw money, and especially such sums, which are more than you deposited, otherwise it turns out that they work at a loss! I definitely trust BNP groups and will continue to trade here. The trading environment here's comfortable, spreads aren't very high, leverage can be changed, all assets are available, at least the most basic ones, and I don't even look at some exotic ones, as the price behaves unpredictably there, fluctuating from one side to another, I like to trade with traditional instruments. Managers behave correctly, I have no questions for them, they don't interfere and I welcome it. The company makes withdrawals of my funds in the terms specified in my personal cabinet and there are no hidden commissions, although the fees, unfortunately, are high.
I traded here, and I got only losses. I am still an inexperienced trader who doesn't understand the basics. So I believed in all this nonsense that bnpgroups.co promises. I still managed to stop in time to prevent my deposit completely draining. I wanted to withdraw the balance, about 250 euros, but I did not succeed in this venture - I was refused to withdraw my money, just like that, for no reason. This broker simply does not withdraw funds and is not going to explain to me the reason for freezing the account, this is the kind of rights the administration has. I, like any client, have the right only to deposit funds to this scam. I don't even know how I can get money from these crooks.
On the one hand, I see that the broker seems to have a great experience of doing business, the developers offer excellent help in the form of analytics, training courses, and signals. On the other hand, I know that brokers must have a license, and I didn't see a license on bnpgroups.co. So the number of pluses does not exceed this one minus and I do not want to risk my money
Hi everyone! Guys, what do you think, if I invest 2,000$, will the broker give me the money back? This question is very urgent for me, because I didn't find any regulation for the company, and this is what makes me doubt and suspicious :( The broker says it has been working for more than 10 years, has bnp groups not received any license during this time!?? I don't believe this, I think it's more likely that there are some problems on the platform that either cause the company to not apply for a license or the regulators deny it :( What do you advise me? I would hate to lose money by blindly believing the promises of this broker, although I don't see any reason to claim that it is a scam and scammers run it. Is it possible that it is a reliable resource?
There is a terrible brokerage company. First of all, the BNP operates illegally. Any broker is obliged to get permission to conduct financial activities, in Europe and in particular in the UK there are very strict requirements for licensing. And since there is no regulation for the broker, it means that there is no legality of activity for this company. Secondly, I see a conflict of interest on the platform. Bnp groups benefits from the fact that traders drain their money. In fact, traders' money is income for the company. You should avoid such places for cooperation. It is not for nothing that any activity with an element of conflict of interest in the United States of America is prohibited and severely prosecuted by law. In fact, such "false brokers" are put in jail. And those who created this company should also be put in jail because they violate many laws, as well as steal the wallets of their clients by playing unfair game towards them. Therefore, you should think carefully when you plan to trade here and soberly assess all the risks I wrote above. If there are, if you decide to cooperate with this scam, you will definitely be a loser.
I decided to trade on this platform, because overall I liked the official website and a lot of additional features the company offers. I opened an account and deposited bitcoins in the equivalent of €300. In my account, there is information that spreads are low, but I never saw less than 4 pips, and this is on EUR/USD. Spreads on other assets other than currency pairs are even higher and deposit/withdrawal fees are almost 25%. I didn't get any benefit from trading. The trading terminal is another sad story. I went to the site on a working day, the market seems to be working, but the bnp groups quotes are not showing. That is, the price is in one place. This state can last for several hours, and you can do nothing about it, it is an unpleasant situation. The platform itself is not very functional. You will not be able to download your own indicators, create your own settings and save them later, the terminal does not support autotrading, there are no functions necessary for work. The conditions are terrible, the terminal is miserable, and finally the broker does not return to me even my remaining from the deposit €89.
beware...everything about this bnp' scam' groups is a huge lie. no one ever got his money back...its not meant to be! when will some one go after these scammer brokers? they are working together with refund scammers worldwide. beware! these people have no soul! they are devils!