Score

1.23 /10
Danger

BNP

United Kingdom

1-2 years

Suspicious Regulatory License

High potential risk

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Score

Regulatory Index0.00

Business Index4.46

Risk Management Index0.00

Software Index4.37

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

BNP Company

Company Abbreviation

BNP

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

BNP · Company summary
Aspect Information
Company Name BNP
Registered Country/Area United Kingdom
Founded Year 2023
Regulation Unregulated
Market Instruments N/A
Account Types N/A
Minimum Deposit N/A
Maximum Leverage N/A
Spreads N/A
Trading Platforms N/A
Customer Support +44 7418359202support@bnpgroups.com

Overview of BNP

BNP, headquartered in the United Kingdom, operates in the financial realm without regulatory oversight, raising red flags for potential investors.

With an inaccessible website, limited customer support, and a lack of regulatory supervision, clients face significant risks. The absence of regulatory scrutiny heightens risks about the safety of investments and the integrity of market practices.

These factors, coupled with the warning issued by the Financial Conduct Authority, underscore the need for caution when considering BNP as an investment option.

Overview of BNP

Regulatory Status

BNP operates without regulatory oversight.

This lack of supervision raises risks like financial instability and unfair practices. Customers face uncertainty regarding their investments and protection of their funds. Without regulation, there's no guarantee of fair market conduct or adherence to ethical standards. This can lead to increased instances of fraud, manipulation, and misuse of customer assets.

Pros and Cons

Pros Cons
N/A Official website inaccessible
Lack of regulatory oversight
Limited customer support
FCA warns the public to avoid BNP Groups

Cons:

  1. Official website inaccessible: BNP's website, crucial for accessing information and services, is often inaccessible. This lack of online presence undermines transparency and customer trust.

  2. Lack of regulatory oversight: BNP operates without regulatory supervision, exposing investors to significant risks. Regulatory oversight ensures compliance with legal standards, protects customer interests, and maintains market integrity.

  3. Limited customer support: BNP's customer support is inadequate, failing to address client inquiries and risks effectively. Limited support channels, delayed responses, and unresolved issues contribute to customer dissatisfaction and frustration.

  4. FCA warns the public to avoid BNP Groups: The Financial Conduct Authority (FCA) has issued a warning against BNP Groups, advising the public to avoid engaging with this entity. Such warnings signal serious regulatory risks and highlight potential risks associated with BNP's operations.

Customer Support

BNP's customer support is abysmal, lacking responsiveness and reliability.

Contact numbers like +44 7418359202 lead to frustration, with unresolved issues and unreturned calls. Emails tosupport@bnpgroups.comoften go unanswered, leaving clients in the dark about their risks.

Customer Support

Risk Warning

FCA warns the public to avoid BNP Groups.

Avoid BNP (bnpgroups.co.uk) as it lacks authorization from the UK's Financial Conduct Authority (FCA). Despite FCA's warning, BNP continues to offer financial services, posing significant risks to investors. Unauthorized entities like BNP may engage in fraudulent activities, leading to financial losses and legal complications for clients.

Risk Warning

Conclusion

BNP falls short due to its lack of regulation, limited educational resources, and subpar customer support.

The absence of regulatory oversight raises risks about the safety of investments and the reliability of market practices.

Additionally, the company's inadequate educational resources hinder clients' ability to make informed trading decisions, potentially leading to financial losses.

FAQs

Question: Is BNP regulated?

Answer: No, BNP operates without regulatory oversight.

News

NewsStay away from BNP

The UK's watchdog, the Financial Conduct Authority (FCA), issued a warning against BNP, which is also known as bnpgroups.co.uk. The authority warned BNP last month. But still, this unauthorized entity is providing financial services to people.

WikiFX
2024-04-10 14:38
Stay away from BNP

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