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Best Forex Brokers France for 2023

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

January 11, 2023

ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's 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 Financiers (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.

Autorite Des Marches Financiers (AMF) logo

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 Financiers'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:

  • IG
    - Best overall broker, most trusted
  • Saxo Bank - Best web-based trading platform
  • CMC Markets - Excellent overall, best platform technology
  • XTB - Great research and education
  • eToro - Best for copy and crypto trading
  • AvaTrade - Great for beginners and copy trading
  • FXCM - Excellent trading platforms and tools

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.

Company Accepts FR Residents Authorised by EU-Member State Average Spread EUR/USD - Standard Minimum Initial Deposit Overall Rating Visit Site
IG logoIG check check 0.86 (September 2022) £250.00 5/5 Stars Visit Site
Saxo Bank logoSaxo Bank check check 0.9 (September 2022) €2,000 5/5 Stars
CMC Markets logoCMC Markets check check 0.51 (August 2022) $0 5/5 Stars
XTB logoXTB check check 1.07 (Q3 2022) $0 5/5 Stars
eToro logoeToro check check 1 (August 2021) $10-$10,000 4.5/5 Stars
AvaTrade logoAvaTrade check check 0.91 (Aug 2020) $100 4.5/5 Stars
FXCM logoFXCM check check 1.38 (Q2 2022) Starts from $50 4.5/5 Stars
Capital.com logoCapital.com check check 0.6 (July 2021) $20 4.5/5 Stars
XM Group logoXM Group check check 1.6 (Aug 2020) $5 4.5/5 Stars
Pepperstone logoPepperstone check check 0.77 (September 2022) $200 4.5/5 Stars
Admiral Markets logoAdmiral Markets check check 0.8 (July 2021) $100 4.5/5 Stars
FP Markets logoFP Markets check check 1.2 (August 2022) $100 AUD 4.5/5 Stars
Tickmill logoTickmill check check 0.51 (August 2022) $100 4/5 Stars
HFM logoHFM check check 1.2 (August 2021) $5 4/5 Stars
Vantage logoVantage check check 1.22 (August 2021) $50 4/5 Stars
Eightcap logoEightcap check check 1.0 (Aug 2022) $100 4/5 Stars
easyMarkets logoeasyMarkets check check 0.9 (as of Mar 2020) $100 4/5 Stars
IC Markets logoIC Markets check 0.62 (August 2022) $200 4.5/5 Stars
BlackBull Markets logoBlackBull Markets check 0.827 (August 2022) $0 4/5 Stars
FlowBank logoFlowBank check N/A $0.00 4/5 Stars
Trade Nation logoTrade Nation check 0.6 $0 4/5 Stars
ACY Securities logoACY Securities check 1.2 (Sept 2021) $50 4/5 Stars

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

At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

Read our full explanation and accounting of our research and testing process to 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. Read more on forex trading risks.

About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).


John Bringans
John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.


Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.


Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.
Reink Media Group is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

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