BNP Forex Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +852 27636555
Addresses: Unit 04 7/F Bright Way Tower No.33 Mong Kok Road KL This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.bnpforex.com.
I had a dispute with BNP Forex Limited and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Economic calendar|Quick verification|Detailed reporting|Tax reports included
Cons: Nothing significant|No dark mode on mobile
BNP Forex Limited has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Clean UI|High security standards
Cons: Onboarding videos are outdated
If you are reading this considering BNP Forex Limited - run. I wish I had read more negative reviews after reading several online reviews. I thought the positive ones were real. Maybe some are. My experience over for roughly four months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Stable platform|No hidden fees|Good analytical tools|Multi-device support
Cons: Withdrawal takes 1-2 business days|No integrated tax optimization
I signed up with BNP Forex Limited after a family member had a good experience and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Responsive team|API access|Segregated accounts
Cons: Wait times can be long during peak hours
Customer support at BNP Forex Limited seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Educational resources|Transparent fees
Cons: Account statements could be more detailed
The spread at BNP Forex Limited is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them from a review site like this one and initially thought the platform was good - until I started trading seriously.
Pros: Quick verification|Regular updates|Detailed reporting|Great customer service
Cons: Limited demo account features
I lost a significant amount because BNP Forex Limited did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Comprehensive tools|Helpful community forum|API access
Cons: Account statements could be more detailed|Minor UI glitches occasionally