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.
