Forex trading is legal and very well-regulated in France. The country is a member of the European Union (EU) and the European Economic Area (EEA). All Forex brokers that are regulated in the EU and EEA can accept clients from France. However, some of the brokers are regulated by France’s "Autorité de Contrôle Prudentiel et de Résolution" (ACPR) and the "Autorité des Marchés Financiers" (AMF). The AMF is also a primary regulator overseeing stock brokers and Forex markets.
Forex brokers who are regulated in Cyprus are also accepting clients from France under the CySEC regulations.
There are several restrictions when operating a trading account from France, the leverage for retail Forex traders is limited by the AMF to 1:30 for currency pairs, while professionals can enjoy the maximum leverage offered by the broker.
Investor Compensation Scheme in France will compensate eligible investors by up to 20,000 EUR in case of broker insolvency which is a nice extra layer of protection for FX traders there.
The investor compensation scheme is managed and regulated by ACPR and AMF.
Capital gains from financial instruments trading are typically taxed by 30% in France depending on the amount of income the tax rate increases.
Quick overview of the best Forex brokers in France
Here is a quick overview of the best Forex brokers available in France. All these brokers are regulated within the EU and Saxo is also regulated by the AMF of France.
XM
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Visit broker 8.4 8.34 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.03% 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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Tickmill
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Visit broker 7.6 6.29 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 Tickmill UK Ltd. You should consider whether you understand how CFDs or our other products work and whether you can afford to take the high risk of losing your money.
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AvaTrade
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Visit broker 8.8 7.63 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.
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Pepperstone
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Visit broker 8.2 7.75 Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.7% 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.
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Saxo Bank
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Visit broker 8.32 6.85 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits on some products.
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| Offers accounts in France under | CySEC, Cyprus | CySEC, Cyprus | CySEC, Cyprus | CySEC, Cyprus | AFM, France |
| Account entity for France | Trading Point of Financial Instruments Limited | Tickmill Europe Ltd | DT Direct Investment Hub Ltd | Pepperstone EU Limited | Saxo Bank A/S |
| Spreads on EURUSD | From 1 pip | From 1.6 pips | From 0.9 pips | From 1 pip | From 0.9 pips |
| Spreads on Crude Oil | from 0.02 | - | 0.03% over market | From 2.5 | From 0.05 USD |
| Spreads on Brent Oil | from 0.02 | From 0.04 | 0.01% over market | From 2.5 | 3 USD per contract |
| Spreads on Gold | From 2.6 pips | From 0.09 USD | 0.29 USD over market | From 0.5 USD | From 0.13 USD |
| Spreads on BTC/USD | From 46.00 | - | 0.15% Over-market | From 17 pips | From 108 USD |
| Maximum Leverage | 1:30 for retail (1:1000 for pros) | 1:30 for retails, 1:500 for professionals | 1:30 for retail traders, 1:400 for pros | 1:30 (1:400 for pro traders) | 1:30 |
| Minimum Deposit | 5 EUR | 100 EUR | 100 EUR | 0 EUR | 0 EUR |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade | MetaTrader 4 and 5, cTrader | SaxoTraderGO, SaxoTraderPro |
XM
XM is one of the best Forex brokers in the industry right now. It accepts clients from the EU including France. The entity operating within the EU and EEA is Trading Point of Financial Instruments Limited and it is regulated by the Cyprus Securities and Exchange Commission (CySEC) enabling it to enable French traders to access diverse markets for competitive spreads and low fees.
The exact list of tradable instruments provided by the XM is listed below:
- 50 Forex pairs
- 58 Cryptocurrencies
- 1000+ stock CFDs
- 7 turbo stocks
- 8 commodities
- 20 indices
- 3 precious metals
- 3 energies
- 26 stocks from the EU
The leverage for all retail fx traders in France is capped at 1:30 for major pairs and 1:20 for non-majors. While professional traders can enjoy up to a 1:1000 leverage. XM has very balanced offerings and is part of the investor compensation fund.
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8.4
8.34
| Micro | Standard | XM Ultra Low | |
|---|---|---|---|
| Spreads on EURUSD | From 1 pip | From 1 pip | From 0.6 pips |
| Spreads on Crude Oil | from 0.02 | from 0.02 | from 0.02 |
| Spreads on Brent Oil | from 0.02 | from 0.02 | from 0.02 |
| Spreads on Gold | From 2.6 pips | From 2.6 pips | From 1.5 pips |
| Spreads on BTC/USD | From 46.00 | From 46.00 | From 35.00 |
| Minimum Deposit | 5 USD, EUR, GBP | 5 USD, EUR, GBP | 5 USD, EUR, GBP |
| Minimum lot size | 0.01 lots | 0.01 lots | 0.01 lots |
| Maximum leverage | 1:30 for retail (1:1000 for pros) | 1:30 for retail (1:1000 for pros) | 1:30 for retail (1:1000 for pros) |
| Negative Balance Protection | Yes | Yes | Yes |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
Tickmill
Tickmill is a regulated and reliable broker that is available in France. The entity accepting French FX traders is called Tickmill Europe Ltd and it is regulated by the CySEC of Cyprus.
Tickmill offers access to diverse markets for Qatar residents including
- 62 Forex pairs
- 15 indices
- 7 commodities
- 500 stock and ETFs
- 15+ futures and options
Tickmill has a leverage of 1:30 for retail traders and 1:500 for professionals. It also offers EU stocks for low commissions and spreads.
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7.6
6.29
| Pro | Classic | VIP | |
|---|---|---|---|
| Spreads on EURUSD | From 0.0 pips | From 1.6 pips | From 0.0 pips |
| Commissions | 2 USD per side per lot | none | 1 USD per side per lot |
| Spreads on Crude Oil | - | - | - |
| Spreads on Brent Oil | From 0.04 | From 0.04 | From 0.04 |
| Spreads on Gold | From 0.09 USD | From 0.09 USD | From 0.09 USD |
| Spreads on BTC/USD | - | - | - |
| Minimum Deposit | 100 USD/EUR/GBP | 100 USD/EUR/GBP | - |
| Maximum Leverage | 1:30 for retails, 1:500 for professionals | 1:30 for retails, 1:500 for professionals | 1:30 for retails, 1:500 for professionals |
| Negative Balance Protection | Yes | Yes | - |
| Minimum Lot Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
AvaTrade
AvaTrade is a regulated broker that is available in France. The entity accepting traders from France is DT Direct Investment Hub Ltd regulated by the CySEC in Cyprus. The complete list of tradable instruments offered by AvaTrade is:
- 64 Forex pairs
- 629 shares as CFDs
- 19 cryptocurrencies as CFDs
- 30 indices
- 17 commodities
The leverage for retail Forex traders in France is limited to 1:30 for major pairs and 1:20 for non-major currency pairs, and professionals can get up to 1:400. AvaTrade also offers EU stocks for trading which can be very attractive for French stock traders who also search for broker that offers several other asset classes for trading.
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8.8
7.63
| Retail | Professional | |
|---|---|---|
| Spreads on EURUSD | From 0.9 pips | From 0.3 pips |
| Commissions | 0 USD | 0 USD |
| Spreads on DAX40 | 1.00 pips over the market | 1.00 pips over the market |
| Spreads on Crude Oil | 0.03% over market | 0.03% over the market |
| Spreads on Brent Oil | 0.01% over market | 0.01% over market |
| Spreads on Gold | 0.29 USD over market | 0.29 USD over market |
| Spreads on BTC/USD | 0.15% Over-market | 0.15% Over-market |
| Minimum Deposit | 100 EUR | 100 EUR |
| Maximum Leverage | 1:30 for retails, 1:400 for pros | 1:400 |
| Negative Balance Protection | Yes | Yes |
| Minimum Lot Size | From 0.01 lots | From 0.01 lots |
| Trading Platforms | MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade | MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
Pepperstone
Pepperstone is a reliable broker that is available in France. The branch accepting clients from France is Pepperstone EU Limited and it is regulated by the CySEC of Cyprus allowing it to operate within the EEA and the EU region.
Trading instruments offered by Pepperstone in a wide range of asset classes include
- 62 currency pairs
- 1,000+ share CFDs
- 23 crypto CFDs
- 32 commodities
- 23 indices
Pepperstone offers over 1000 shares including the EU stocks and has a leverage of up to 1:400 for professional traders. Retail Forex traders are limited when it comes to maximum leverage as per regulations of the EU and AMF, the maximum leverage is capped at 1:30 for major pairs and 1:20 for non-major currency pairs.
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8.2
7.75
| Razor account | Standard account | |
|---|---|---|
| Spreads on EUR/USD | From 0 pips | From 1 pip |
| Spreads on DAX40 | from 0.90 USD | from 0.90 USD |
| Spreads on Crude Oil | From 2.5 | From 2.5 |
| Spreads on Brent Oil | From 2.5 | From 2.5 |
| Spreads on Gold | From 0.5 USD | From 0.5 USD |
| Spreads on BTC/USD | From 17 pips | From 17 pips |
| Commissions | USD 3.50 (USD 7 round turn or equivalent in EUR) | No |
| Minimum Deposit | 0 EUR | 0 EUR |
| Minimum lot size | From 0.01 lots | From 0.01 lots |
| Negative Balance Protection | Yes | Yes |
| Maximum Leverage | 1:30 (1:400 for pro traders) | 1:30 (1:400 for pro traders) |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader | MetaTrader 4, MetaTrader 5, cTrader |
Saxo
Saxo is directly regulated by the French AMF making it a reliable choice for local FX traders. Saxo offers a multitude of trading asset classes for trading including
- 185+ Forex pairs
- 140+ forwards
- 8,800+ CFDs
- 45+ FX vanilla options
- 23,500 stocks
- 7,000 ETFs on 30+ exchanges
- 300+ futures
- Bonds from 26 countries and 21 currencies
- 3,200+ listed options
- 250 top-rated mutual funds
- 6 FX crypto pairs
Saxo’s list of instruments is truly abundant, as it offers thousands of instruments in around 10 different asset classes. Stocks include companies from the Netherlands which can be very attractive for local FX and stock traders. The list of stocks includes the majority of popular French stocks and commissions and spreads are low. Saxo offers low leverage when compared to other brokers on the list.
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8.32
6.85
| Classic | Platinum | VIP | |
|---|---|---|---|
| Spreads on EURUSD | From 0.9 pips | From 0.8 pips | From 0.7 pips |
| Commissions | 0 | 0 | 0 |
| Spreads on Crude Oil | From 0.05 USD | From 0.05 USD | From 0.03 USD |
| Spreads on Brent Oil | 3 USD per contract | 2 USD per contract | 1 USD per contract |
| Spreads on Gold | From 0.13 USD | From 0.12 USD | From 0.10 USD |
| Spreads on BTC/USD | From 108 USD | From 93 USD | From 71 USD |
| Minimum Deposit | 0 USD | 200,000 USD | 1,000,000 USD |
| Maximum Leverage | 1:30 | 1:1 | 1:1 |
| Negative Balance Protection | Yes | No | No |
| Minimum Lot Size | 0.01 lots | 0.1 lots | 1 lot |
| Trading Platforms | SaxoTraderGO, SaxoTraderPro | SaxoTraderGO, SaxoTraderPro | SaxoTraderGO, SaxoTraderPro |
Best choice of the broker in France for each Category
Depending on the trader’s preferred asset class different brokers may be more suitable. We are now filtering our top five brokers by categories to define which ones are better for specific assets including Forex trading, stocks, commodities, and cryptos. We take into account the number of instruments in the asset class, leverage, and spreads.
Best Broker in France for Forex Trading
| XM | Tickmill | AvaTrade | Pepperstone | Saxo | |
|---|---|---|---|---|---|
| Number of Forex pairs | 50 | 62 | 64 | 62 | 185+ |
| Typical spreads on EUR/USD | From 1 pip | From 1.6 pips | From 0.9 pips | From 1 pip | From 0.9 pips |
Saxo seems like the best choice for FX trading in France as not only offers it over 185 pairs, but the spreads are from 0.9 pips. AvaTrade has similar spreads on majors but a lower number of FX currency pairs.
Best Broker in France for Stock Trading
| XM | Tickmill | AvaTrade | Pepperstone | Saxo | |
|---|---|---|---|---|---|
| Number of stocks | 1000+ | 500 | 629 | 1,000+ | 23,500 |
| Spreads on stocks | From 0.01 USD | - | - | - | - |
| Commissions for stocks | 0 | 0 | - | 0.07% | - |
| Max leverage for stocks | - | 1:20 | - | 1:20 | - |
XM is the best choice despite Saxo offering the highest number of stocks across multiple exchanges. XM has low spreads and 0 commissions making it the perfect broker for scalping.
Best Broker in France for commodities Trading
| XM | Tickmill | AvaTrade | Pepperstone | Saxo | |
|---|---|---|---|---|---|
| Number of commodities | 14 | 7 | 17 | 32 | - |
| Typical spreads on Crude Oil | from 0.02 | - | 0.03% over market | From 2.5 | From 0.05 USD |
| Typical spreads on Brent Oil | from 0.02 | From 0.04 | 0.01% over market | From 2.5 | 3 USD per contract |
| Typical spreads on Gold | From 2.6 pips | From 0.09 USD | 0.29 USD over market | From 0.5 USD | From 0.13 USD |
XM offers the lowest spreads on the majority of commodities including Brent Oil and Crude Oil. For gold trading, Tickmill has the lowest spreads.
Best Broker in France for Crypto Trading
| XM | Tickmill | AvaTrade | Pepperstone | Saxo | |
|---|---|---|---|---|---|
| Number of crypto pairs | 58 | - | 19 | 23 | 6 |
| Spreads on BTC/USD | From 46.00 | - | 0.15% Over-market | From 17 pips | From 108 USD |
The lowest spreads is offered by Pepperstone and XM offers 58 crypto pairs for trading.
How do you check whether the broker is regulated by AMF the of France?
To ensure your broker is truly regulated in France there are a few steps to follow. The most obvious one is to check on the broker’s website for its regulations and then visit the French AMF and check the license. If you are trading with a broker that is regulated elsewhere ensure to check on the respective authorities websites.
Step One: Visit the webpage of the regulator
Visit the official website of the AMF (https://www.amf-france.org/en/homepage) and click on the language icon to switch between the French and the English language. After this, the second step is to navigate to the database where all licensed companies’ details are stored.
Step Two: Navigate to the database of the brokers
Click on the search icon and enter the name of your broker. You will be redirected to the advanced search page where you can search for brokers regulated by the AMF.
Step Three: Search for the broker in the registry
Click on the broker name in search results to see all the details about the broker.
All AMF-regulated brokers reviews in France
Below we have gathered all the brokers regulated in France and their full, unbiased reviews.
