BNP Paribas
freetrade
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Overview
BNP Paribas was founded in 2004 and is headquartered in UK, while freetrade was established in 2016 and is based in United Kingdom. BNP Paribas holds licences including Financial Conduct Authority (FCA), while freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821) among others. BNP Paribas serves 10,000+ clients worldwide; freetrade has 890,000+. The minimum deposit is $100 at BNP Paribas and $0 at freetrade.
| Feature | BNP Paribas | freetrade |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority. Registered in England and Wales (no. 09797821) |
| Founded | 2004 | 2016 |
| Country | UK | United Kingdom |
| Clients | 10,000+ | 890,000+ |
Fees
Fees are a critical factor when choosing between BNP Paribas and freetrade, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $100 at BNP Paribas). Neither broker charges withdrawal fees. Overall, freetrade scores higher on fees in our assessment.
| Feature | BNP Paribas | freetrade |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
BNP Paribas offers MT4, MT5, cTrader, while freetrade supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | BNP Paribas | freetrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | iPhone/iPad,Mac,Desktop, | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how BNP Paribas and freetrade compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | BNP Paribas | freetrade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. BNP Paribas accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while freetrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). freetrade uniquely supports PayPal and Skrill and Neteller among the two brokers. freetrade scores higher on deposit and withdrawal flexibility.
| Feature | BNP Paribas | freetrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both BNP Paribas and freetrade offer live chat support. Both provide phone support. Email support is available at both brokers. BNP Paribas supports 2 languages and freetrade supports 8, giving freetrade broader global reach. Both brokers are comparable on support quality.
| Feature | BNP Paribas | freetrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |