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• Our Review Method

• Is TradeBNP Scam or Legit Broker?

• What is TradeBNP?

Pros

Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding TradeBNP due to the issues we've identified.

Is TradeBNP Scam or Legit Broker? ▲

It has come to our attention that trading with TradeBNP carries a significant risk. Owned by Silver Wolf Limited, a company incorporated in the Marshall Islands, TradeBNP lacks the robust regulatory oversight that traders should seek in a Forex broker. The Marshall Islands is known for its minimal regulatory requirements and oversight in the Forex market, making it a haven for brokers that may not have the best interests of traders at heart. This lack of regulation is a red flag, as it places traders at risk without the necessary protections typically afforded by more stringent regulatory bodies such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC).

What is TradeBNP? ▲

Claiming to be at the forefront of innovation within the Forex market, TradeBNP presents itself as a broker offering cutting-edge solutions for both novice and seasoned traders. Despite its assertions of being based in Belfast, United Kingdom, and regulated by the Financial Conduct Authority (FCA), our investigations reveal no such licensing or regulatory approval in the UK or any other European jurisdiction. Furthermore, the FCA issued a warning against TradeBNP in December 2018, stating that the broker was not authorized and was targeting UK residents without the requisite authorization. Similar warnings have been issued by Italy's CONSOB, further calling into question the legitimacy and safety of trading with TradeBNP. These regulatory warnings, coupled with its affiliation with Silver Wolf Limited—a company previously flagged by regulators—paint a concerning picture of TradeBNP's reliability and trustworthiness.

Pros ▲

• Not applicable due to the significant risks and warnings associated with TradeBNP.

Cons ▲

• Offshore Registration: TradeBNP is registered in the Marshall Islands, known for its lax regulatory environment. This raises concerns about the safety and security of traders' funds.

• Lack of Regulation: Despite claims of being regulated by the FCA, there is no evidence to support TradeBNP's regulatory status in the UK or any other reputable jurisdiction.

• Regulatory Warnings: Both the FCA and CONSOB have issued warnings against TradeBNP, indicating it is operating without proper authorization and targeting investors unlawfully.

• Affiliation with Questionable Entities: TradeBNP's connection to Silver Wolf Limited, a company linked to other brokers that have faced regulatory warnings, further diminishes its credibility.

Conclusion ▲

After a thorough review of TradeBNP, it is clear that traders should exercise caution and steer clear of this broker. The combination of offshore registration, lack of verifiable regulation, regulatory warnings, and questionable affiliations makes TradeBNP a risky choice for traders seeking a reliable and secure trading environment. Investors are advised to opt for brokers regulated within reputable jurisdictions that offer greater transparency, security, and protection for their investments. It is always better to err on the side of caution and choose brokers with a proven track record of reliability and regulatory compliance.