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341 firms on file · 202 identified entity records 73 carry a published regulator notice

COUNTERPARTY FILE · last re-checked 2026-09

BNP Paribas FX (Global Markets) — institutional liquidity provider

This record reflects the current status of BNP Paribas FX, emphasizing transparency and performance claims.

BNP Paribas SA (FX via Global Markets); UK dealing via BNP Paribas London Branch · Paris, France

evidence score
98/100

Licence, read literally

RegulatorLicence numberJurisdictionTierSource
ACPR (ECB lead supervisor)not verifiedFranceT1open source
FCA (BNP Paribas London Branch)not verifiedUKT1open source
SEC/FINRA (BrokerCheck, BNP Paribas Securities Corp.)8-32682UST1open source
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.

Residuals a counterparty carries

2

  1. R01

    Unpublished banking licence numbers

    BNP Paribas' ACPR licence number is not published, raising transparency concerns.

    Source: firm disclosures page

  2. R02

    Self-measured performance claims

    BNP Paribas claims to be a global leader in FX, but these claims are self-measured and unverified.

    Source: self-measured

The claims ledger

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

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)

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

Perimeter and coverage

Asset classes
FX spot, FX forwards, FX swaps, NDFs, FX options, FX derivatives
Venues
CME FX, EBS, Reuters, CLS
Connectivity
FIX, REST/API (BNP Paribas Markets API), Cortex FX platform
Clients accepted
Corporates, Financial institutions, Asset managers, Banks
Explicitly refused
Retail 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 disclosure, not as a defect.