5 Best Online Forex Brokers in France – In Depth Review 2023

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.

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.

#5. Best for Forex Trading: HYCM

HYCM is a worldwide CFD and forex broker with an industry-leading strategy integration. The review we present covers the necessaries of HYCM trading. It includes minimum deposit requirements, deposits bonus offers, spreads, and login process.

This is an asset platform that has over 100 tradable assets. The assets that are available on HYCM include CFDs, Forex. There are also many financial assets in which HYCM trades. The assets in financial investments are assets or security, intangible or tangible, which have some financial value. It means that the CFDs, Forex are one of the financial assets.

How does it work?

When your money is deposited with HYCM, the funds are in the bank, and safe, which has capital for accomodating withdrawal wishes even if it is out of business for any reason. Hence, in conclusion, we know that HYCM is safe and secure.

HYCM provides Advanced Financial Chart tools for comparison and researched-backed analysis over financial investments and markets by top analysts.

The platform is accessible on various devices from Windows P.C. to IOS devices and online by Web Browser. Moreover, the platform is for Seasoned experts and New Traders. The users also get benefits from the use of languages.

Pros

• In the use of 10,000+ HYCM traders and users
•   Founded in 1977
• Minimum deposit by $100
• Regulated through FCA

Cons

• Not ASIC Regulated
• It doesn’t offer VPS

Price

Brokers provide state-of-the-art mobile trading apps, educational resources, financial tools, and online trading platforms. For brokerages for maintaining such services and reap revenue in the form of a company.

Brokers might cost clients multiple trading charges, which you must be aware of because they can affect the bottom line. The withdrawal fees differ depending upon the selected payment method for withdrawing. All brokers have specific withdrawal rules on withdrawing funds from the trading account. Although, it costs fees on the inactive accounts.

An inactivity fee for the account means the price charged to a registered brokerage customer. However, there aren’t any deposit fees. But bank/3rd party trader fees can apply, and there isn’t any commission fee over CFD instruments.

How we rank the Best Online Forex Brokers in France?

Do you know different options of retail CFD accounts lose money? Basically, accounts lose money when you make a purchase.

CFDs are complex instruments and come with a high-risk option to offer swap-free services. Choose whether you can afford to take the risk or not. Let’s see how we can rank the best Forex broker!

Account Types

Different retail investor accounts lose money if not operated carefully. The Cyprus Securities and exchange in France aims to take the high risk of losing your money among a maximum of retail investor accounts. Different account types include:

• Variable Spread Account Types: fluctuates with the demands conditions.
•   Commission Accounts: ECN-style accounts that have low spreads with commission fees of flat-rate.
• No Commission Standard Accounts: There are no commission charges on the top of spreads.
• Fixed Spread Accounts(micro accounts): Fixed spreads are predetermined and remain the same regardless of the situations in the market.

Order Execution

Execution speed is the most vital factor for picking out a broker. Inefficiently executed orders may result in traders facing vast amounts of slippage, further losing money. The table you can see below compares execution speeds among the best brokers globally.

Value-Added Services

In a competitive online trading forex industry, some brokers try to distinguish themselves among other brokers. It occurs while offering more valuable news feeds for actual times, trading signals, and free market analysis.

Spreads, Costs And Trading Conditions

The most important thing to consider when choosing a broker is transaction costs and pricing. Due to the tough competition between some of the best brokers worldwide, accounts for retail investors are very tight institutional-grade charges.

Most brokers provide the traders an option of variable and fixed commission fees and spread patterns when you trade Forex.

How to choose the Best Online Forex Brokers in France?

Choosing the best brokers in France is a daunting task, seriously. You should know how CFDs work and whether you can trade easily or not. Let’s choose the best forex brokers in France!

Range of instruments

We ranked the Forex traders regarding the range of products it offers. The Forex brokers varied and mentioned a broker that includes a broad range of offerings, currency pairs, shares, commodities, and other cryptocurrencies to get the beneficial advantage.

Evaluate Trading Conditions 

An effective forex broker should include consistent and smooth execution with high-grade support to provide good trading conditions.

Do you know trading is the most reliable and most accessible to offer exclusive options and reliability? That’s how essential are the evaluated trading conditions.

Comprehensive Tools

If you are an experienced forex trader, it is preferable to pick the broker that provides an alternative to implement a strategy for trading.

The feature means that you shall be asking for different tools such as complex live chats, an economic calendar, and a calendar for commodity futures trading commission.

Ease of Trading Platform Use

Whether you focus on social trading or develop complicated algorithmic ways, it’s paramount to choose a trading platform that offers market access and tools for trading needed for achieving investment objectives.

It is vital to rely upon the confidence given by the broker’s trading platform. Due to this, most of the traders pick the brokers that provide third-party platforms along with an established community to trade and a massive range of tools to deal with.

Trading Platform and Software

A trading platform is a gateway to you for entering the market, and you should ensure the trading platform in your use must be reliable. Many brokers provide the traders to select a trading platform. Often, a third party offers a trading platform for trading solutions like MetaQuote Software.

At the same time, other brokers take to develop a proprietary trading platform of their own for comparing themselves to another broker. Although, such proprietary platforms are incredibly remarkable for trading because they are made through a broker’s customer case.

Conclusion: Best Online Forex Brokers in France

You can find many best French forex traders, not only the ones who are French residents or French citizens but also the ones who only live in France. Most probably you want a forex broker for trading Forex. Unfortunately, there aren’t that many forex brokers based in France.

A forex broker that regulates through an EU country, including the United Kingdom is enabled for accepting French traders, without being authorized through the financial regulatory body pf France AMF. It is imperative for ensuring the fund’s safety and also determine that they are satisfying trading requirements before accounting funds with a particular broker.

You can pick a reputable broker given above for opening an account only through a website visit. These brokers enable you to see their trading platform and services through opening a demo account.

AvaTrade is a leading platform that offers different payment options with an option of not losing money when trading CFDs. 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.

Best Online Forex Brokers in France FAQs

Is Forex trading legal in France?

The trading of different currencies against one another over Forex market are legal in France right now, given that the brokers provide the services obtained authorization by domestic regulator, the AMF. Before the traders open positions, they should inevitably enter the stop loss.

When the it is legal to trade forex, the industry rifes through bad actors and scams. Investors need their due diligence before they venture into a Wild Wesr version of the financial markets all around the world. Every firm that wills for doing a business with the citizens of France are expected to give guaranteed for stopping losses on positions of customers.

What are retail investor accounts?

Retail investing is said to be a non-professional investor or an individual who sells or buys securities through savings accounts or firms such as 401(k)s. The institutional investors don’t use the money of their account but invest the money of others on their own behalf.

Retail investors execute trades by online or traditional firms of brokerages or other investment accounts. All the retail investors buy securities of personal accounts and mostly trade in smaller accounts in comparison to institutional investors.

Does forex broker lose money?

The consensus over the conservative is 70-80 percent of the traders lose money when trading forexand the number can also increase to 90 percent. A person should be dedicated to learn when Forex trading or any other type trading and also develop a solid base of Forex knowledge.