Skip to main content
fxproof.comBroker Data DeskSearch

2026 Annual Reviewv2026.2

2026 · Evidence audit

BNP Paribas FX (Global Markets) — institutional liquidity provider

BNP Paribas FX is a global markets dealer providing FX liquidity through its Cortex FX platform. The entity is licensed as a Tier-1 bank in France and the UK, with additional registration in the US. Self-measured claims regarding market leadership and automated trading performance require independent verification.

BNP Paribas SA (FX via Global Markets); UK dealing via BNP Paribas London Branch · Paris, France · last re-checked 2026-09 · evidence score 98/100

01

Licence, read on the register

RegulatorLicence numberJurisdictionTierSource
ACPR (ECB lead supervisor)not verifiedFrancetier-1open source ↗
FCA (BNP Paribas London Branch)not verifiedUKtier-1open source ↗
SEC/FINRA (BrokerCheck, BNP Paribas Securities Corp.)8-32682UStier-1open source ↗

Tier classification follows the same scale as the retail register: tier-1 = FCA/ASIC/CFTC-class supervision, tier-2 = CySEC/FSC-Mauritius/MFSA-class, tier-3 = offshore registration. A tier-2 licence is genuine supervision without an investor compensation scheme — never misread it as tier-1 protection.

02

What the firm commits to

Claims specific enough to be falsified — and the ones that remain the venue's own measurement.

A

Testable claims

  • Global FX leader across 75+ currency pairs and derivatives products (usa.bnpparibas Global Markets page)
  • Cortex FX is BNP Paribas' advanced multi-product forex trading platform (bnpparibas.bank.in global-markets page)
  • BNP Paribas London Branch is registered in the UK under number FC13447, UK establishment BR000170 (securities.cib.bnpparibas legal-information page)
B

Claims we cannot verify from outside

  • 'global leader in FX' rank/positioning (self-measured)
  • AI e-trading platform performance claims (self-measured)
  • Automated FX 61-currency scope reported by marketsmedia citing BNP Paribas — media-sourced, treated as unverified
03

Perimeter and coverage

Asset classesVenuesConnectivityClients acceptedExplicitly refused
FX spot, FX forwards, FX swaps, NDFs, FX options, FX derivativesCME FX, EBS, Reuters, CLSFIX, REST/API (BNP Paribas Markets API), Cortex FX platformCorporates, Financial institutions, Asset managers, BanksRetail clients

A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as a disclosure, not a defect.