Is TradeBNP Scam or Legit Broker?

No, it is not safe to trade with TradeBNP. TradeBNP is owned by Silver Wolf Limited which is an offshore company registered in the Marshall Islands.

  • The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the low setup cost, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Dax300, Finbitex, and more. 

About TradeBNP
🗺️ Registered inMarshall Islands
🗺️ Type of LicenseOffshore License
🛡️ Is TradeBNP safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerIC Markets - licensed by ASIC in Australia

What is TradeBNP?

TradeBNP claims to be one of the most innovative brokers in the Forex market, offering advanced solutions for new and experienced traders. 

  • Although TradeBNP states it be located in Belfast, United Kingdom, and regulated by the Financial Conduct Authority (FCA) in the UK. Although there are no records of the company being licensed in the UK or any other European country. Moreover, the broker has been blacklisted by the FCA in December 2018:

    “TradeBNP is not authorized by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorization.”

  • Also, earlier in August 2018, Italy’s regulator CONSOB issued a warning against TradeBNP:

    “The National Commission for Companies and the Stock Exchange has ordered the following company (TradeBNP, through the website www.tradebnp.com) to cease the infringement of art. 18 of the Consolidated Law on Finance – TUF consisting of the provision of unauthorized investment services and activities to the Italian public.”

  • In addition, we have previously reviewed a company (FXtrade777) affiliated with Silver Wolf Limited that has been warned against by several regulators, which doesn’t look trustworthy at all.

 

TradeBNP

 

 

TradeBNP  Review Conclusion

We strongly advise all investors and traders to avoid TradeBNP and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and BlackBull Markets.


TradeBNP Update

We found that the TradeBNP website is inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.

No news available.

One response to “TradeBNP”

  1. How can you say that TRADE BNP is owned by SILVER WOLF LTD? How can you link the two companies?
    I haven’t found any other information confirming that. From other sources TRADE BNP is linked to companies based in Vanuatu island.
    Please let me know how I can check it.
    Thanks

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