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Trading Forex in France

If you are eager to trade forex in France, the quickest way to proceed is to select a broker from the list that we provide below. There are hundreds of legitimate brokers across the globe. The ones listed below have proven track records, are heavily regulated, and are worthy of your consideration. While there are many characteristics to consider, we have also provided some helpful tips, and we can also help you compare the offerings of your final candidates.

France has always been a financial power in the European region and ranks third economically behind Germany and the UK. Forex trading is a legal activity, and the community of forex traders within France is estimated to be 130,000, nearly 10% of the 1.5 million traders in all of Europe. The Autorité des marchés financiers (AMF) encourages French citizens to trade only with AMF-regulated brokers and has been known to block websites and prepare blacklists of any offending brokers operating from offshore.

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Forex Brokers France

3.8
Pros
  • Easy to understand spread prices
  • No minimum deposits
  • In-depth FAQ section to help new traders
  • Excellent customer support
Cons
  •  UK traders can’t use the rewards programme due to regulation
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Pros
  • Easy to understand spread prices
  • No minimum deposits
  • In-depth FAQ section to help new traders
  • Excellent customer support
Cons
  •  UK traders can’t use the rewards programme due to regulation
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Tickmill Review
3.3
Pros
  • Low-cost and super-fast trading
  • Lots of third-party trading signal services
  • Strong regulatory framework
  • Gets the most out of the MetaTrader platforms
Cons
  • A relatively limited number of markets
  • It doesn’t accept clients from the USA
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Pros
  • Low-cost and super-fast trading
  • Lots of third-party trading signal services
  • Strong regulatory framework
  • Gets the most out of the MetaTrader platforms
Cons
  • A relatively limited number of markets
  • It doesn’t accept clients from the USA
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Risk Warning: Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Losses can exceed the initial investment. Please ensure you fully understand the risks and take appropriate care to manage your risk.

4.2
Pros
  • An experienced broker with offices in 11 countries and complies with seven regulatory agencies
  • Over 1,000+ tradable instruments in portfolio
  • MT4 and proprietary trading platforms
  • Excellent award-winning training materials and a YouTube channel for beginners

 

Cons
  • Professional spreads are competitive, but retail spreads could be better
  • Inactivity fees apply
  • Research could be improved

 

 

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Read Full Review
Pros
  • An experienced broker with offices in 11 countries and complies with seven regulatory agencies
  • Over 1,000+ tradable instruments in portfolio
  • MT4 and proprietary trading platforms
  • Excellent award-winning training materials and a YouTube channel for beginners

 

Cons
  • Professional spreads are competitive, but retail spreads could be better
  • Inactivity fees apply
  • Research could be improved

 

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4.6
Pros
  • High levels of regulatory compliance and customer protection
  • Excellent customer support
  • Huge range of high-quality learning and research resources
Cons
  • Relatively few advanced trading courses offered
  • Limited social and copy-trading features
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Pros
  • High levels of regulatory compliance and customer protection
  • Excellent customer support
  • Huge range of high-quality learning and research resources
Cons
  • Relatively few advanced trading courses offered
  • Limited social and copy-trading features
Take Me Broker Read Full Review

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

4
Pros
  • Fin-tech background provides a cutting edge
  • Institution grade trading infrastructure
  • Well-regulated with 24/5 customer support
  • 0.0 pips spreads and leverage up to 1:500

 

Cons
  • No crypto
  • Some cash withdrawal methods incur fees.

 

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Pros
  • Fin-tech background provides a cutting edge
  • Institution grade trading infrastructure
  • Well-regulated with 24/5 customer support
  • 0.0 pips spreads and leverage up to 1:500

 

Cons
  • No crypto
  • Some cash withdrawal methods incur fees.

 

Read Full Review

4.6
Pros
  • Market leading trading commissions
  • Excellent market flow and trading speeds
  • Very strong in forex markets
  • Various methods of automated trading are possible
Cons
  • Limited range of non-forex products
  • Mobile trading app could be improved
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Pros
  • Market leading trading commissions
  • Excellent market flow and trading speeds
  • Very strong in forex markets
  • Various methods of automated trading are possible
Cons
  • Limited range of non-forex products
  • Mobile trading app could be improved
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Degiro logo
4.2
Pros
  • Largest online low-cost/commission stockbroker in the EEA
  • Listed on the SDAX in Germany (70 small to mid-cap stocks)
  • Broad access to global stock exchanges, ETFs, bonds, futures and options
  • Garnered many awards, especially for Customer Service

 

Cons
  • No trading in forex except for experienced option traders
  • No demo account
  • Restricted crypto offering
  • No US citizens accepted

 

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Pros
  • Largest online low-cost/commission stockbroker in the EEA
  • Listed on the SDAX in Germany (70 small to mid-cap stocks)
  • Broad access to global stock exchanges, ETFs, bonds, futures and options
  • Garnered many awards, especially for Customer Service

 

Cons
  • No trading in forex except for experienced option traders
  • No demo account
  • Restricted crypto offering
  • No US citizens accepted

 

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Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products which match your knowledge and experience.

4.7
Pros
  • Meta Trader MT4 and MT5 platforms
  • Excellent and engaging research materials
  • Negative Balance Protection
  • A global outlook – regulatory framework includes ASIC and CySec
  • Automated trading via MetaTrader
Cons
  • A mediocre number of markets to trade
  • Pricing at times wider than it might be
  • Not a publicly listed company
  • No Crypto offering
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Pros
  • Meta Trader MT4 and MT5 platforms
  • Excellent and engaging research materials
  • Negative Balance Protection
  • A global outlook – regulatory framework includes ASIC and CySec
  • Automated trading via MetaTrader
Cons
  • A mediocre number of markets to trade
  • Pricing at times wider than it might be
  • Not a publicly listed company
  • No Crypto offering
Take Me Broker Read Full Review

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4.6
Pros
  • Knowledgeable and responsive customer support
  • Tight spreads
  • Low deposit requirements
  • Good sign up bonus and other promotions
Cons
  • Limited deposit and withdrawal options
  • Customer support not 24/7
  • Regulatory framework not the strongest
  • Limited range of instruments and markets
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Pros
  • Knowledgeable and responsive customer support
  • Tight spreads
  • Low deposit requirements
  • Good sign up bonus and other promotions
Cons
  • Limited deposit and withdrawal options
  • Customer support not 24/7
  • Regulatory framework not the strongest
  • Limited range of instruments and markets
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Saxo Broker Review
4.6
Pros
  • Extensive product range
  • Research and analysis tools
  • Quality trading platform
  • Competitive spreads
  • Regulatory framework
Cons
  • Standing charges
  • Limited automated trading
  • Lack of Live Chat support
  • High minimum deposit
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Pros
  • Extensive product range
  • Research and analysis tools
  • Quality trading platform
  • Competitive spreads
  • Regulatory framework
Cons
  • Standing charges
  • Limited automated trading
  • Lack of Live Chat support
  • High minimum deposit
Read Full Review

5
Pros
  • Transparent and competitive pricing
  • High quality trading experience
  • Great charting package
  • Extensive range of markets and instruments
  • Regulatory and operational strength
Cons
  • Limited research on some instruments
  • Few promotions / bonus schemes
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Pros
  • Transparent and competitive pricing
  • High quality trading experience
  • Great charting package
  • Extensive range of markets and instruments
  • Regulatory and operational strength
Cons
  • Limited research on some instruments
  • Few promotions / bonus schemes
Take Me Broker Read Full Review

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

4.3
Pros
  • Competitive tight spreads, zero commissions on stocks
  • MetaTrader4 and 5 trading platform products and superior web version and mobile app
  • CySEC regulatory oversight
  • 250+ focused product offerings of popular assets for trading
Cons
  • Education support could be broader than videos and FAQs
  • The product portfolio may appear limited to some investors and traders
  • No copy-trading alternative
  • Customers from the US are not accepted
Fees
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Read Full Review
Pros
  • Competitive tight spreads, zero commissions on stocks
  • MetaTrader4 and 5 trading platform products and superior web version and mobile app
  • CySEC regulatory oversight
  • 250+ focused product offerings of popular assets for trading
Cons
  • Education support could be broader than videos and FAQs
  • The product portfolio may appear limited to some investors and traders
  • No copy-trading alternative
  • Customers from the US are not accepted
Take Me Broker Read Full Review

Trading CFDs involves substantial risk of loss and may not be suitable for all investors. Trading such high-risk financial contracts may result in the loss of all the client's invested capital. 62.2% of retail investors lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and can afford to take the high risk of losing your money.

3.9
Pros
  • Major focus on social and copy trading with community of one million clients
  • More than 1,000 tradable asset choices
  • Professional trading tools and multiple funding methods
  • BaFin/CySEC regulatory oversight of German-based firm on Frankfurt Stock Exchange

 

Cons
  • Spreads and fees could be more competitive at basic retail levels
  • Withdrawal fee of $5 with complicated process
  • Does not offer service to residents of UK (terminated December 2021), US or Canada

 

 

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Read Full Review
Pros
  • Major focus on social and copy trading with community of one million clients
  • More than 1,000 tradable asset choices
  • Professional trading tools and multiple funding methods
  • BaFin/CySEC regulatory oversight of German-based firm on Frankfurt Stock Exchange

 

Cons
  • Spreads and fees could be more competitive at basic retail levels
  • Withdrawal fee of $5 with complicated process
  • Does not offer service to residents of UK (terminated December 2021), US or Canada

 

 

Take Me Broker Read Full Review

RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading derivatives with this provider. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.

4.1
Pros
  • Heavily regulated, safe and secure broker (FCA, CySEC, FSCA)
  • Competitive spreads in currency pairs – 0.6 pips EUR/USD
  • MT4 and user-friendly proprietary OvalX platform
  • Experienced staff, over two decades in the forex space

 

Cons
  • Limited copy trading offering – MT4 only via EAs
  • Research could be better
  • No US or Canada customers accepted at this time

 

Fees
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Read Full Review
Pros
  • Heavily regulated, safe and secure broker (FCA, CySEC, FSCA)
  • Competitive spreads in currency pairs – 0.6 pips EUR/USD
  • MT4 and user-friendly proprietary OvalX platform
  • Experienced staff, over two decades in the forex space

 

Cons
  • Limited copy trading offering – MT4 only via EAs
  • Research could be better
  • No US or Canada customers accepted at this time

 

Take Me Broker Read Full Review

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.2% of retail investor accounts lose money when spread betting or trading CFDs with OvalX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.

spreadex broker logo
4
Pros
  • Low fee/cost provider
  • Responsive customer service
  • A proprietary web-based platform is easy to use
  • Top-Tier regulation from the FCA
Cons
  • No MetaTrader platform products
  • No traditional trading in stocks, only CFDs
  • Only Professional clients can trade cryptocurrencies
  • Minimum support for beginners
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Pros
  • Low fee/cost provider
  • Responsive customer service
  • A proprietary web-based platform is easy to use
  • Top-Tier regulation from the FCA
Cons
  • No MetaTrader platform products
  • No traditional trading in stocks, only CFDs
  • Only Professional clients can trade cryptocurrencies
  • Minimum support for beginners
Read Full Review

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can result in losses larger than your initial stake or deposit.

4.2
Pros
  • No commissions on stocks or ETFs
  • Easy account opening process with minimum deposits of £1 or €1
  • Intuitive, easy-to-use trading app
  • Low fees and tight spreads
Cons
  • No trading in cryptocurrencies
  • No social or copy-trading
  • No phone support
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Pros
  • No commissions on stocks or ETFs
  • Easy account opening process with minimum deposits of £1 or €1
  • Intuitive, easy-to-use trading app
  • Low fees and tight spreads
Cons
  • No trading in cryptocurrencies
  • No social or copy-trading
  • No phone support
Take Me Broker Read Full Review

CFDs are complex instruments and come with a high degree of risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

oanda broker platform review
4
Pros
  • Low trading costs, high transparency, and a choice of trading platforms.
  • Best Forex Trading Technology at the UK Forex Awards, 2017.
  • Excellent proprietary platform.
  • Only 52 CFD’s
Cons
  • Not the cheapest broker out there.
  • Intensive FAQ section.
  • Customer support could use some improvement.
  • No negative-balance protection.
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Read Full Review
Pros
  • Low trading costs, high transparency, and a choice of trading platforms.
  • Best Forex Trading Technology at the UK Forex Awards, 2017.
  • Excellent proprietary platform.
  • Only 52 CFD’s
Cons
  • Not the cheapest broker out there.
  • Intensive FAQ section.
  • Customer support could use some improvement.
  • No negative-balance protection.
Read Full Review

We do not recommend Oanda at this time. Why not try XM

XM Broker Review

fxpro broker platform review
4.3
Pros
  • FxPro is a fully regulated, award-winning, online broker offering a wide range of tradable instruments via CFDs.
  • Customer support is responsive, easy to access, and available in several languages.
  • Wide range of trading instruments offered.
  • Large client base from 170 countries.
Cons
  • All fees and charges are displayed on the website, but the fee structure is a little complex.
  • Not many funding options offered.
  • Some complains about trade execution.
  • No Crypto.
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Pros
  • FxPro is a fully regulated, award-winning, online broker offering a wide range of tradable instruments via CFDs.
  • Customer support is responsive, easy to access, and available in several languages.
  • Wide range of trading instruments offered.
  • Large client base from 170 countries.
Cons
  • All fees and charges are displayed on the website, but the fee structure is a little complex.
  • Not many funding options offered.
  • Some complains about trade execution.
  • No Crypto.
Read Full Review

FXCM broker review
4
Pros
  • Choose from the best trading platforms on the market
  • System upgrades and institutional grade quality of execution
  • Excellent client support in terms of research, analysis and customer services
  • Strong regulatory framework
  • High-spec mobile trading functionality
Cons
  • Limited number of markets to trade
Fees
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Read Full Review
Pros
  • Choose from the best trading platforms on the market
  • System upgrades and institutional grade quality of execution
  • Excellent client support in terms of research, analysis and customer services
  • Strong regulatory framework
  • High-spec mobile trading functionality
Cons
  • Limited number of markets to trade
Read Full Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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What to look for when choosing a forex broker in France

It is best to take your time when choosing your forex broker. We can save you time in that regard. Foreign-based brokers trying to win your patronage will also bombard you on the internet with offers that will tempt you. While many of these brokers will be legitimate, some may be fraudulent. It is always best to select a reliable, safe and trustworthy forex broker from the list provided above to avoid any scams or brokers that do not deal in good faith. Consider the following:

  • Fees and commissions: The best brokers in France tend to be transparent regarding fees, offering low to tight spreads. The ‘EUR/USD’ currency pair can often be used as a barometer of the fee profile for a broker.
  • Regulation – are they safe? There are some fraudulent brokers in the forex universe that operate in unregulated jurisdictions. Choose only a regulated broker, preferably one from our list above.
  • Forex trading platform: To be an effective trader, you must access the forex market through a trading platform. You will want a broker that offers simple, intuitive and straightforward forex platforms. Most brokers will permit you access to a demo system to give their service a test ride before you even fund your account. Your goal here is to find a platform that is comfortable for your trading style.
  • Customer service: Access to professional support is important. Try out the broker’s modes of contact, typically live chat, phone or email.

FAQs:

Can you trade forex in France?

Yes, in France FX trading is legal, but the local regulator tends to be more conservative than most due to the large losses sustained by French citizens when binary options were the rage and scandal ridden. Examples are mandatory guaranteed stop losses and negative balance protection. The local regulator is the Autorité des marchés financiers (AMF), but this agency also follows the edicts issued by the European Securities and Markets Authority (ESMA).

Do forex traders pay tax in France?

Yes, forex traders in France do pay taxes on their net gains, but different rules may apply to the amount that is taxable, and new rules have modified how gains from cryptocurrencies are treated under the law. It is always wise to check with a tax professional to determine how compliance applies to your individual situation.