The ForexBrokers.com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.
Trading forex (currencies) internationally is popular among traders in France. While any forex broker authorised in Europe (EU) can accept clients from France, it is an additional benefit to also become authorised by the Autorite Des Marches Fianciers (AMF), which is the financial regulatory body in France. The AMF's website is amf-france.org. We recommend French residents also follow the AMF on Twitter, @AMF_actu.
The AMF was established by the Financial Security Act of August 1st, 2003 and was the result of the consolidation of three national regulatory bodies at the time that merged to become the AMF. As a member of the European Union (EU), France's AMF includes MiFID regulation. For a historical breakdown, here's a link to the Autorite Des Marches Fianciers's webpage on Wikipedia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Best Forex Brokers France
To find the best forex brokers in France, we created a list of all EU authorised brokers, then ranked brokers by their Overall ranking. Here is our list of the top forex brokers in France.
- Saxo Bank - Best for research, trusted global brand
- CMC Markets - Best web platform, most currency pairs
- XTB - Best customer service, great trading platform
- eToro - Best copy trading platform
- FXCM - Excellent platforms, great mobile app
- AvaTrade - Multiple trading platform options
- XM Group - Well-rounded offering
France Forex Brokers Comparison
Compare authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Overall ranking.
| Forex Broker | Accepts FR Residents | Authorised by EU-Member State | Average Spread EUR/USD - Standard | Minimum Deposit | Overall | Visit Site |
|---|---|---|---|---|---|---|
| Saxo Bank | Yes | Yes | 0.800 | $10,000.00 | N/A | |
| CMC Markets | Yes | Yes | 0.740 | $0.00 | N/A | |
| XTB | Yes | Yes | 0.860 | $0.00 | N/A | |
| eToro | Yes | Yes | 1.00 | $50-$200 | N/A | |
| FXCM | Yes | Yes | 1.400 | Starts from $50-£300 (depending on location) | N/A | |
| AvaTrade | Yes | Yes | 0.910 | $100.00 | N/A | |
| XM Group | Yes | Yes | 1.600 | $5-100 | N/A | |
| FP Markets | Yes | Yes | 1.140 | $100 AUD | N/A | |
| Tickmill | Yes | Yes | 0.530 | $100.00 | N/A | |
| Vantage FX | Yes | Yes | 1.100 | $200 | N/A | |
| IC Markets | Yes | 0.800 | $200 | N/A | ||
| Eightcap | Yes | $100 | N/A | |||
| VT Markets | Yes | 1.30 | $200 | N/A | ||
| BlackBull Markets | Yes | 0.76 | $200 | N/A |
How to Verify AMF Authorisation
To identify if a forex broker is regulated as an Investment Service Provider (ISP) by AMF and administered by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the first step is to identify the register number from the disclosure text at the bottom of the broker's homepage. For example, here's the key disclosure text from FXCM's website,
FXCM France is subject to the control of: The Autorité de contrôle prudentiel et de résolution (ACPR) in matter of fight against money laundering and the financing of terrorism. The Autorité des marchés financiers (AMF) - Règles de conduite et Principes d'Exécution (Rules of Conduct and Principles of Implementation). Interbank Code: 19843. .
Next, look up the firm name on the financial register (REGAFI) available on the Bank of France's website to validate the current status of the broker such as its ability to provide cross border services or operate a branch office. Here is the official page for FXCM (Forex Capital Markets).
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Methodology
For our 2021 Forex Broker Review we assessed, rated, and ranked 27 international forex brokers over a three-month time period resulting in over 50,000 words of published research.
Each broker was graded on 108 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure (read about Trust Score here).
As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.
