Best Forex Brokers in France for 2024 (Top10) - Online Forex Rating

　　The trading landscape in France, one of Europe's largest economies, is continually evolving, and Forex trading is no exception. This article presents a well-researched and comprehensive guide to the best Forex brokers in France for the year 2024, stemming from a detailed analysis of various factors including regulatory adherence, trading conditions, customer service and more. It serves as a reliable starting point for both amateur and seasoned traders enthusiastic about finding an adaptable, reliable and innovative Forex broker.

Best Forex Brokers in France

Superior execution speed, ideal for scalpers and high-frequency traders

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Wide range of markets and well-rounded trading platforms

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Extensive access to international markets, excellent for experienced traders

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Comparison of Best Forex Brokers in France

Forex Broker

License

Minimum Spread

Maximum Leverage

Minimum Deposit

Open account

Details

Compare

IC Markets

8.92

Regulated

0.0

1:500

$200

Open account

Details

+ Compare

8.49

Domestic Regulation

1:200

8.24

Regulated

0.1

1:30/1:100

$2,000

7.89

Regulated

0.0

1:400

$100

8.30

Regulated

0.9

1:400

$100

7.79

Regulated

0.0

1:500

$/€/£/R100

9.46

Regulated

1.3

1:1000

$50

7.53

Regulated

0.75

1:30

$10

Open account

Details

+ Compare

9.04

Regulated

0.6

1:1000

Open account

Details

+ Compare

XTB

6.66

Regulated

0.35

1:30

Open account

Details

+ Compare

Best Forex Brokers in France Reviewed

① IC Markets

　　IC Markets is an Australian broker known for its high-speed trade execution. It provides traders access to the forex market through top-tier liquidity providers.

	⭐⭐⭐⭐⭐
Min Deposit	$200
Tradable Instruments	1780+, forex pairs, commodities, stocks, cryptocurrencies, indices, bonds, futures
Demo Account	Yes
Costs	From 0.6 pips & no commission (Std)
Trading Platforms	MT4, MT5, cTrader
Deposits & Withdrawals	Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, Wire Transfer, Bpay, Broker to Broker, POLI, Thai/Vietnamese Internet Banking, Rapidpay, Klarna
Customer Support	24/7 live chat, phone, email

　　Pros:

　　√ Provides superior trade execution speed.

　　√ Has deep liquidity, resulting in tight spreads.

　　√ Offers the MetaTrader4/5 and cTrader platforms.

　　Cons:

　　× High-speed trading is not beneficial for beginners or long-term traders.

　　× Limited educational resources as compared to other brokers.

② IG

　　IG is a UK-based broker offering a wide range of markets in addition to forex. It is well known for its innovative trading platform.

	⭐⭐⭐⭐⭐
Min Deposit	0
Tradable Instruments	17,000+, forex, indices, cryptocurrencies, shares, commodities, ETFs, options, interest rates, bonds
Demo Account	Yes
Costs	Average 1 pip in EUR/USD
Trading Platforms	Online trading platform, Mobile trading app, Progressive web app, ProRealTime, MT4, L2Dealer
Deposits & Withdrawals	Credit/debit cards (MasterCard/Visa), bank transfer
Customer Support	24h/day, except from 6 am to 4 pm on Saturday (UTC+8)-live chat, phone, email

　　Pros:

　　√ Broad choice of markets and products.

　　√ Proprietary and third-party trading platforms are available.

　　√ Comprehensive educational resources.

　　Cons:

　　× Limited payment options.

　　× No 24/7 customer support.

③ Saxo

　　Saxo Bank is a Denmark-based investment bank providing online trading and investment capabilities with a focus on forex trading.

	⭐⭐⭐⭐⭐
Min Deposit	HKD10,000
Tradable Instruments	Stcoks, ETFs, bonds, mutual funds, IP0, forex, futures, forex options, listed options
Demo Account	Yes
Costs	Around 0.4 pips on EUR/USD & commission-free (forex)
Trading Platforms	SaxoInvestor, SaxoTraderGO, SaxoTraderPRO
Deposits & Withdrawals	Free, Visa, MasterCard, Visa Debit, Visa Electron, MasterCard Debit, Maestro (for UK residents), Visa Dankort (for Denmark residents), Carte Bleue (for France residents)
Customer Support	24/5 phone, email

　　Pros:

　　√ Premium trading platforms with extensive features.

　　√ Provides access to international markets.

　　√ Excellent customer service.

　　Cons:

　　× The account opening process is slow.

　　× High minimum deposit for certain accounts.

④ Eightcap

　　Eightcap is an award-winning forex and CFD broker known for competitive pricing and a broad range of trading instruments.

	⭐⭐⭐⭐⭐
Min Deposit	＄100
Tradable Instruments	Forex, commodities, cryptocurrencies, indices, shares
Demo Account	Yes
Costs	From 1 pip in EUR/USD & commission-free (Std)
Trading Platforms	TradingView, MT4, MT5
Deposits & Withdrawals	MasterCard, Visa, PayPal, wire transfer, B-PAY, UnionPay, Skrill, Neteller, Bitcoin, Tether, Ibnterac, fasapay, pix, dragonpay, PSP (Virtual account)
Customer Support	24/5 live chat, phone, email

　　Pros:

　　√ Competitive spreads and low fees.

　　√ Provides MetaTrader4/5.

　　√ Multiple payment options.

　　Cons:

　　× Limited educational resources.

　　× No 24/7 customer support.

⑤ AvaTrade

　　AvaTrade is an international broker offering forex and CFD trading on a wide array of financial instruments.

	⭐⭐⭐⭐⭐
Min Deposit	$100
Tradable Instruments	1250+, stock index, stock, commodities, ETF
Demo Account	Yes
Costs	Typical 0.9 pips on EUR/USD & commission-free
Trading Platforms	MT4, MT5, WebTrader, AvaTrade Go
Deposits & Withdrawals	MasterCard, Visa, PayPal, Skrill, Neteller, Wire Transfer, etc.
Customer Support	Mon - Fri 8:00 - 23:00 live chat, phone, email

　　Pros:

　　√ Extensive trading tools and features, with unique offerings like AvaProtect.

　　√ Robust educational resources are good for beginners.

　　√ Highly regulated and trustworthy.

　　Cons:

　　× Does not offer binary options for trading.

　　× Limited customer service time.

⑥ Tickmill

　　Tickmill is a global forex broker known for its low trading costs and high-speed execution.

	⭐⭐⭐⭐
Min Deposit	100 USD/EUR/GBP/ZAR
Tradable Instruments	Forex, stock indices, stocks & ETFs, bonds, commodities, cryptos, futures & options
Demo Account	Yes
Costs	From 1.6 pips & commission-free (Classic account)
Trading Platforms	MT4, MT5, Tickmill Mobile App
Deposits & Withdrawals	Bank transfer, crypto payments, Visa, MasterCard, Skrill, Neteller, Sticpay, Fasapay, UnionPay, Webmoney
Customer Support	Mon-Fri 7:00 - 16:00 GMT during Daylight Saving Time-live chat, phone, email

　　Pros:

　　√ Wide scope of trading instruments.

　　√ Offers MetaTrader4/5 platform.

　　√ Advanced research tools.

　　Cons:

　　× High spreads on the Classic account.

　　× No 24/7 customer support.

⑦ FXCM

　　FXCM is a global forex broker focused on providing trading solutions to both novice and expert traders.

	⭐⭐⭐⭐
Min Deposit	$50
Tradable Instruments	currency pairs, precious metals, commodities, global stock indices, treasury bonds
Demo Account	Yes
Costs	Typical 1.3 pips on EUR/USD
Trading Platforms	MT4, FXCM Hub
Deposits & Withdrawals	Online banking payments, bank transfers, etc.
Customer Support	24/5 live chat, phone, email
Bonus	Up to $500 welcome bonus

　　Pros:

　　√ Extensive educational resources are ideal for beginners.

　　√ Offers multiple trading platforms including FXCM Hub and MT4.

　　√ Broad product range.

　　Cons:

　　× Limited payment options.

　　× Limited customer service time.

⑧ eToro

　　eToro is a social trading platform that allows traders to mimic the trades of successful colleagues, making it a solid choice for beginners or those who prefer passive trading.

	⭐⭐⭐⭐
Min Deposit	$10
Tradable Instruments	3000+, Stocks, Cryptocurrencies, Currencies, Commodities, ETFs
Demo Account	Yes
Costs	Around 3 pips on EUR/USD & commission-free
Trading Platforms	MT4, eToro proprietary platform
Deposits & Withdrawals	＄5 withdrawal fee for ＄30 withdrawal amount, eToro Money, credit/debit cards, PayPal, Neteller, Skrill, Rapid transfer, iDEAL, Klarna / Sofort Banking, bank transfer, Online Banking – Trustly (EU region), Przelewy 24
Customer Support	24/5 live chat, email

　　Pros:

　　√ Unique social trading platform.

　　√ Wide range of active traders to follow.

　　√ Variety of assets to trade, including Stocks, Cryptocurrencies, Currencies, Commodities, and ETFs.

　　Cons:

　　× Higher spreads compared to some other brokers.

　　× The platform is overwhelming for beginners due to the social elements.

⑨ XM

　　XM is known for its comprehensive trading offerings catered to traders of different experience levels.

	⭐⭐⭐⭐
Min Deposit	$5
Tradable Instruments	1000+
Demo Account	Yes
Costs	From 1 pip & commission-free (Std)
Trading Platforms	MT4, MT5, XM WebTrader
Deposits & Withdrawals	Credit/debit cards, Paypal, Skrill Moneybookers, Neteller, WebMoney, CashU, GiroPay
Customer Support	24/7 live chat, phone, email
Bonus	Up to $2,000

　　Pros:

　　√ Wide range of account types.

　　√ Offers both MetaTrader4 and Metatrader5 platforms.

　　√ High-quality educational tools.

　　Cons:

　　× High spreads on some account types.

　　× Commissions are applied to the share account.

⑩ XTB

　　XTB is an online broker that offers a range of instruments including forex, indices, commodities, shares, ETFs, stock CFDs, and ETF CFDs.

	⭐⭐⭐⭐
Min Deposit	0
Tradable Instruments	5400+, Forex, Commodities, Indices, Shares, ETFs, Stock CFDs, ETF CFDs
Demo Account	Yes
Costs	From 0.1 pips & commission-free
Trading Platforms	xStation 5, xStation Mobile
Deposits & Withdrawals	Free deposits, Bank transfers, credit/debit cards (MasterCard/Maestro/Visa)
Customer Support	24/5 live chat, phone, email

　　Pros:

　　√ Multiple award-winning trading platforms, including proprietary xStation 5.

　　√ Excellent educational and market analysis tools.

　　√ A broad selection of instruments for trading.

　　Cons:

　　× Spreads can be higher in some instances.

　　× Limited range of exotic FX pairs.

Forex Brokers in France FAQs

Is Forex Trading Legal in France?

　　Yes, Forex trading is legal in France. The financial markets, including Forex, are regulated by the Autorité des Marchés Financiers (AMF), France's primary financial regulatory authority. It ensures the protection of savings invested in financial products, the provision of investors with adequate information, and the proper functioning of financial markets.

　　Apart from AMF, the Autorité de Contrôle Prudentiel et de Résolution (ACPR) also plays a crucial role in regulating the banking and insurance sectors in France.

　　Being a part of the European Union, France also falls under the regulatory scope of the European Securities and Markets Authority (ESMA), which sets harmonized regulations for securities markets, financial intermediaries, and financial products across the EU.

Is Forex Trading Safe in France?

　　Forex trading in France, as in any country, involves a significant amount of risk due to the volatility and complexity of the forex markets. However, the safety of your investment largely depends on the forex broker you choose.

　　Always opt for a broker that is regulated by a reputable authority, such as the Autorité des Marchés Financiers (AMF) in France. Regulated brokers are held to high standards of conduct and are required to ensure transparency and fairness in their dealings. They also provide some level of protection for your funds in the case of the broker's insolvency.

　　It's also important to educate yourself about the market, have a clear trading strategy, use risk-management tools, and never invest more than you can afford to lose. Keep in mind that even experienced traders can face losses in Forex trading due to the unpredictable nature of financial markets.

Can I Make Money with Forex Trading in France?

　　Yes, it is possible to make money with Forex trading in France. Many traders do make profits, but Forex trading is not an easy way to make quick profits.

　　Success in Forex trading requires extensive market knowledge, a solid trading plan, emotional control, and disciplined risk management. Even with all of these, there is still a risk of loss due to the volatile nature of the currency markets. Never invest money that you can't afford to lose, and consider seeking guidance from financial advisors or professional traders.

　　It's also crucial to choose a reputable Forex broker regulated by a top-tier regulatory body like the Autorité des Marchés Financiers (AMF) in France. Such brokers adhere to strict regulations to protect traders and offer transparent trading conditions.

　　Remember, while it is possible to make significant profits in Forex trading, it comes with a high level of risk. It's advisable to spend time learning about the Forex markets, practising trading on a demo account, and understanding the dynamics that influence currency price movements before you start trading with real money.

Do I Pay Taxes for Forex Trading in France?

　　Yes, if you are resident in France and making profits through Forex trading, you are generally required to pay taxes on those earnings. Forex trading profits are usually subject to Capital Gains Tax. However, the specific tax rate and regulations can vary depending on individual circumstances, such as your total income and tax bracket.

　　It's important to keep detailed records of your Forex transactions for tax reporting purposes. Please consult a tax advisor or professional to get accurate information and ensure you are in full compliance with the French tax requirements.

What is the Best Time to Trade Forex in France?

　　The best time to trade Forex in France generally aligns with the major trading sessions when the markets are most active. These are:

　　The London session: This session begins at 8:00 GMT (10:00 in France) and ends at 16:00 GMT (18:00 in France). The London session is one of the most volatile trading sessions due to the amount of transactions taking place.
　　The U.S. session: This trading session starts at 13:00 GMT (15:00 in France) and closes at 22:00 GMT (midnight in France). It sees a high volume of trading activity due to the U.S. economic data releases.
　　The overlap of London and U.S. sessions: This period happens between 13:00 GMT (15:00 in France) and 16:00 GMT (18:00 in France) and is often one of the most active trading periods due to the high volume of transactions from both the European and American traders.

　　These times offer the most potential for opportunity, as there is a higher likelihood of price movements in the market. Consider that times are subject to Daylight Saving Time changes.

Which Forex Broker is Best for Beginners in France?

　　eToro is the best choice for beginners in France. eToro is well-known for its social trading features, providing an ideal platform for beginners to learn from successful experienced traders. By replicating the trading strategies of seasoned traders, beginners can gain valuable insights and build up their trading knowledge. Most notably, eToro prides itself on a user-friendly platform, which is perfect for beginners who are still getting accustomed to Forex trading. As a beginner, it also wouldn't hurt to make the most of eToro's educational resources to enhance trading knowledge over time. Investing time in learning can lead to better trading decisions.

Which Forex Broker is Best for Professionals in France?

　　Saxo is a suitable choice for professional traders in France. Saxo is unique for its broad access to international markets, making it a beneficial service for experienced traders aiming to expand their portfolio and dive into a wide range of market opportunities. Furthermore, a robust trading platform enhances Saxo's offerings, allowing the catering of varied and complex requirements of a professional trader.

Factors to Consider When Choosing a Forex Broker in France

　　Regulation: Ensure the broker is regulated by a legitimate financial authority, such as the Autorité des Marchés Financiers (AMF) in France or a recognized international body.
Reputation and Reviews: Always take time to verify the broker's reputation among other traders and read authentic broker reviews.
　　Availability of Currency Pairs: The broker should offer the currency pairs you wish to trade.
　　Demo Account: Brokers that provide demo accounts are highly desirable as they give you a risk-free platform to practice your trading strategies and understand the trading platform.
　　Fees & Commissions: Understand the broker's pricing structure such as spreads, commissions, and extra charges like withdrawal or inactivity fees.
　　Trading Platform: The platform should be user-friendly, reliable, and packed with essential tools and charts for effective market analysis.
　　Speed of Execution: The forex market moves rapidly, so it's important to team up with a broker that executes trades quickly and accurately.
　　Deposit & Withdrawals: Deposit and withdrawal processes should be efficient and hassle-free.
　　Customer Service: The broker should provide prompt, reliable, and helpful customer service to handle any queries or problems.
　　Educational Resources: Especially if you're a beginner, the availability of educational materials, webinars, and guides can be very advantageous.

　　There's no hard and fast rule when it comes to the perfect broker selection. What works best for you would rely significantly on your trading needs and goals. Once you figure out your trading preferences, you can then decide on a broker that can best cater to your requirements.

Final Thoughts

　　We have come to the finish line of our journey through the landscape of Forex brokers in France for 2024. This article presented here is aimed at empowering you to make a well-informed decision about choosing a partner in your Forex trading journey.

　　However, the ultimate decision rests in your hands. You need to evaluate potential brokers based on your trading strategy, risk tolerance, and overall trading goals. We wish you successful trading ventures and hope this guide sets you on the right path to finding a broker that best meets your trading requirements. Remember, knowledge is power and ensuring you equip yourself with comprehensive market knowledge will be key in navigating the challenging but thrilling world of Forex trading.

Disclaimer

　　Trading Forex (foreign exchange) carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, risk appetite, and the possibility of incurring losses. There is a possibility that you may sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.