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Trading forex (currencies) internationally is popular among traders in France. Before any fx broker in France can accept forex and CFD traders as clients, they must 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.
Best France Forex Brokers List
To find the best forex broker regulated in France, we created a list of all AMF authorised brokers, then ranked brokers by both trustworthiness, as well as their Overall ranking from the ForexBrokers.com 2018 Review. The result is our top forex brokers list for France.
|Authorised in the European Union||Average Spread EUR/USD - Standard||Minimum Initial Deposit||Trust Score||Overall|
|AxiTrader||Yes||1.24||$0.00 - $1000||75|
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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