5 Best Online Forex Brokers in France – In Depth Review 2022
France is the most dynamic, largest along with an extremely rewarding Forex market. It is also very conservative regarding regulations and rules that guide the activities.
At the center of the huge anti-Fx push, AMF, the domestic financial regulatory agency that is probably one of the most draconic and strict authorities in whole Europe. The traditional aim of AMF is for guiding the public of France away from investments that entail high reward and high risk, towards the extremely conservative stock market.
If you are in the search of the best forex brokers in France then you have come to the right place. We reviewed top brokers to choose from mainly when trading CFDs with this provider. It exactly creates a dominant forex trading experience in France, along with the brokers providing it.
All forex brokers given on the following page have a reputation and provide benefits to the traders, trading in France. This has a trustworthy European regulation that is an EEA authority like FCA and CySEC or AMF. All of these brokers are reliable and provide higher leverage and scheme to experienced traders.
Table of Contents
Best Online Forex Brokers in France
5 Best Online Forex Brokers in France
#1. Best Advanced for Non-US Traders: Avatrade
AvaTrade is one of the most reliable forex brokers in the world. The broker has a massive global reach and is regulated in up to seven tier-1 jurisdictions. AvaTrade is regulated by the Cyprus Securities and Exchange Commission CYSEC, the Financial Conduct Authority FCA, and the US Securities and Exchange Commission.
It is also regulated by other leading agencies including the Australian Securities and Investments Commission ASIC. This more or less makes AvaTrade a risk-free broker. There are also other incredible features to look forward to.
First, there is a good variety of trading platforms including the Metatrader 4 and 5 and of course the proprietary software offered by Ava. You also get to choose between different trading accounts, incredibly low fees, and one of the best customer support teams. If you are looking for one of the most respected forex brokers in France, then AvaTrade has to be top of your list.
How does it work?
Following transparency, the AvaTrade account also lists all the pertinent information in the ‘Trading info’ tab on the Avatrade website like “Stocks Earnings Releases. Moreover, the “Order Execution Policy,” “Economic calendar,” “CFD Rollover” information, and ‘holiday trading hour,’ aid the clients in the trading decision.
In addition, the forex calculator link will inform the dealers of the risk of losing money rapidly, how many trading costs, potential profits, and overnight interest calculations. Web trading platform offers three order types. It is a simple market order and two pending orders, with an option for attaching stop loss or taking profit orders.
The range of marketing is great, and it should also be good for traders. Avatrade is offering its clients worthy selections for trading platforms. Avatrade is one of the safest online brokers and is regulated by the top tier-one jurisdiction. This is the reason which makes it a trustful CFD and Forex broker.
Pros
- Fast and effortless account opening
- Different withdrawal and deposit issues
- Excellent research tools
- Effective and reliable functioning
Cons
- Incredible inactivity fees
- Average forex fees
Price
In non-trading fees, there is no fees withdrawal or minimum deposit and no account fees. All the brokerage accounts of AvaTrade are subject to inactivity fees, which is 50 dollars. Suppose you do not use it for three months, Followed by 100 dollars of administration fees if you stay inactive for a year. This amount is deducted from the trading account.
Typical spreads are suggestive amounts because they are largely powered by macroeconomic events and market conditions that impact markets’ financial futures association. In terms of margin trading, the requirements for margin are the subjects to be changed based on the new release, market volatile and trade size.
#2. Best Intermediate for Non-US Traders: FXCC
FXCC is rated one of the best France forex brokers for order execution, fast and efficient trading, and superior trading technology. The broker also has a wide range of tradable assets available and allows you to trade CFDs with leverage.
The brokerage has spread its reach and is available in several countries. FXCC is also regulated by the best tier 1 agencies including the Cyprus Securities and Exchange Commission CYSEC and others.
FXCC also delivers low fees and tight spreads, a leverage of 1:500, and a reliable customer support team that strives to offer the best customer service. The only downside with FXCC is the fact that it has a single trading platform. But other than that, it is one of the best forex brokers out there.
How Does it Work
One of the most liberal financial centers in the world, you can be sure opening an account with FXCC is a breeze. You only need to verify your identity and address and after that, you will be good to go.
Before you open a trading account here, it is important to remember that a huge percentage 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 money rapidly due to leverage.
Nonetheless, once you open an account, go ahead and fund it using the various deposit methods offered by FXCC. You can then access the Metatrader 4 trading platform and start to trade forex and other assets. France in essence is the leader when it comes to accommodative financial regulations. You should be able to trade at FXCC with minimal restrictions.
Pros
- Offers leveraged trading with max leverage of up 1:500 in some assets
- You get tight spreads on various assets for lower fees
- A wide range of tradable assets are also available here
Cons
- You only get the MT4 trading platform and nothing else
- The broker is not open to US investors
Pricing
Over the years, FXCC has built a reputation as one of the most affordable brokers in the world. As the best forex brokers in the market, FXCC uses a spread-based system to charge for its financial services. The great thing is that spreads on various assets are very low.
In fact, in the EUR/USD Pair, spreads are as low as 0.1 pips and this may even be lower if the trade volume is high. There are no fixed commissions here. Do not however forget that there will always be inactivity charges and a min deposit of USD 100 for new accounts.
#3. Best Overall Broker: Forex.com
FOREX.com offers customer support with the proprietary Web Trading Platform and Advanced Trading Platform. It is supporting well-known third-party platforms such as MetaTrader 4, MetaTrader 5, and MetaQuotes; moreover, it also supports NinjaTrader.
Though the website doesn’t have a French version right now, however, French traders can open FOREX.com accounts with the entity of French broker that regulates through EMSA. The parent company of this forex broker has been listed on the stock exchange.
Aside from the forex market, where derives the name, FOREX.com also offers indices, commodities, ETFs, bonds, individual stocks, silver, and gold.
It is a great fit for high-volume forex traders. Material offerings vary by place but still, it emphasizes reliable and fast execution, diversity of other and Forex platforms, and security accounts. In France, it’s geared to those interested in trading foreign exchange markets.
How does it work?
FOREX.com gives accessibility to more than 80 currency pairs along with a competitive spread over various types of accounts to clients. A navigable and well-organized website along with complete disclosure of fees and services, research, and education tools. Furthermore, multiple user interfaces are on par along with the industry’s standards and regulatory oversight place.
So it depends upon your location and the entity holding your account that what is available for you on FOREX.com. You can trade cryptocurrency using CFDs; also, underlying asset trading is not available, for instance, buying bitcoin. The web Trading Platform of FOREX.com is recommendable for casual traders because it is simple to browse through place trades and markets and conduct searches.
Within the forex platform, the investors can access economic calendars, positions, charts, news and order or trade history, access research reports and trade signals, and market analysis from the FOREX.com analysts.
Pros
- A wide variety of products
- TradingView charts
- Ideal for high-volume traders
- User-friendly and reliable
Cons
- No guaranteed for clients
- Lacks effective website maintenance
Price
The spreads vary depending upon the client that, which kind of account they choose. For instance, one pip is the least EUR/USD spread for clients from France on a ‘standard’ account. On the other hand, ‘STP Pro’ and ‘commission’ will show you spreads of 0.1 and 0.2.
Although the two that are latter have 50 dollars and 60 dollars per million commissions that are added to displayed spreads, the regions that are not in France.
It provides Direct Market Access accounts for bigger account sizes like 25000+. The DMA account does not charge any commission but does not offer markup on spreads.
#4. Best for International Forex Traders: eToro
eToro is one of the social trading platforms that gives forex materials and much more customer support to retail clients for more than 10 years. The best trading features of this forex trading platform are CopyPortfolios, Social News Feeds, and CopyTrader.
The CopyPortfolios and CopyTrader help you in locating the traders who are successful and use their strategy. The ability to copy about hundred traders such feature is easy to access and set up.
Whereas the Social News Feed makes you accessible to Twitter-esques fees to traders update. The traders, over here, tell about their strategies, markets, and get alerts based upon market factors.
The main point of your experience with eToro is the ease it provides to complete tasks and carry out basic operations. The more instruments include searching the market available, making watchlists, and directly placing trades from the watchlist.
How does it work?
EToro platform features investors who like to follow risk-control rules and want to be duplicated. The retail account holders are accessible to mimic trading strategies and trades of many successful customers in real-time and automatically.
Note that the copy trading in and itself does not hold a guarantee of losses or gains. This platform is a little pricier concerning its competitors for trading Forex and CFDs. Although the recent introduction of zero-dollars commission and cutting spreads for the trading stock is beneficial.
All the investors on the eToro are trading manually. EToro does not permit completely trading systems like those supported by M.T. Thus, when you copy trade the Etoro, it is guaranteed that every placed trade is manual.
Pros
- 15 cryptocurrencies options
- Easy-to-use website
- Great community for traders
Cons
- Broad Spreads for trading cryptocurrencies
- $25 minimum deposit
Price
The clients in France who trade cryptocurrencies have to pay 0.75 percent to 5.0 percent; this depends upon which currency you trade. In contrast, customers out of France don’t have to pay any commission to close or open a long position. Small sales invite 0.18 percent commission of the trade value.
The clients in France are not charged for withdrawal of funds, except you are supposed to have a minimum withdrawal of 30 dollars. The withdrawal fee for out of France customers is 5 dollars.