5 Best Forex Brokers in France 2024

To come up with this list, we have tested more than 15 forex brokers reguated and operating in France.

We opened a real account and deposited between €4,000 and €6,000 with each broker. We placed real trades in each popular market to get the real spreads.

We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers in France based on our trading data and experience as a trader.

AMF Regulated Forex Brokers

The Autorite des Marches Financiers (AMF) is overseeing the financial markets in France, and thus regulates the forex and CFDs brokers operating locally. It was established as an independent public agency in 2003 by the Financial Security Act.

The AMF’s official website is www.amf-france.org, which is available in both French and English. We highly recommend investors and traders follow the regulator on Twitter, @AMF_actu, for important regulatory updates.

Though the AMF regulates all forex and CFDs brokers operating in France, none of the popular trading platforms are directly licensed by the French regulator. Instead, brokers are operating in the country by passporting their licenses from other regulators within the European Economic Area. Still, they need to be authorized locally in France.

The AMF’s framework for the financial services industry falls in line with the European Market Infrastructure Regulation (EMIR). Thus, brokers are only allowed to offer a maximum leverage of up to 30:1 and need to provide negative balance protection.

Furthermore, the AMF acts as a market vigilant and actively flags brokers for non-compliance. It also holds the power of banning any broker from operating in France.

AMF provides protection of up to €20,000 to the deposits of every client of forex brokers.

Some of the key highlights of trading with AMF-regulated brokers:

🏦Regulator	Autorite des Marches Financiers (AMF)
📊Max. Leverage	30:1
🛡️Is It safe to trade	Yes
🔒Negative Balance Protection	Yes
💰Compensation Scheme	Yes (€20,000)

Best Forex Brokers in France

To select the best regulated forex brokers operating in France, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

• CMC Markets – Best Overall Forex Broker in France
• XM – Best Forex Broker for Beginners in France
• Capital Com – Best MT4 Forex Broker in France
• Saxo Markets – Best Forex Trading Platform in France
• Dukascopy – Best Forex Broker with Lowest Spread & Trading Fees in France

Best Overall Forex Broker in France

We picked CMC Markets as the overall best forex broker in France. 

Headquartered in London, CMC Markets is operating in France with its license obtained from Germany’s BaFin. The brokerage was founded in 1989 and is an extremely safe trading platform.

CMC’s offerings include around 10,000 trading instruments of currency pairs and CFDs of indices, stocks, commodities, cryptocurrencies and a few other asset classes. It provides deposit and withdrawal methods using several popular methods and also offers spreads much lower than the industry average.

The broker keeps its services simple, offering only one type of account to forex and CFDs traders, complementing by spread-betting and corporate accounts. It provides trading on industry-standard MT4 and proprietary Next Generation Platform and has excellent customer support.

Best Forex Broker for Beginners in France

We picked XM as the best forex broker for beginners in France. 

XM excels due to its versatile trading service and also a great library of educational resources. It is one of the brokers that offer trading tutorials for both beginner and advanced traders, covering the basic understanding of the asset classes to some of the advanced trading strategies. Newbies, as well as experts, can also test their skills on the demo account offered by the broker.

XM operates in France passporting its Cyprus Investment Firm (CIF) license, and is also regulated in the UK, Australia, UAE and Belize. Its offerings include trading pairs of forex and CFDs of stocks, indices and commodities.

Best MT4 Broker in France

We picked Capital.com as the best MT4 broker in France. 

Capital.com is one of the well-regulated and reputed brokers that offers trading services only on MetaTrader 4, so all of its resources are focused on one platform. It is licensed in the United Kingdom, Australia, Cyprus, and Belarus, and onboards French traders under the Cypriot entity.

Its offering includes trading services with forex and CFDs of indices, stocks, commodities and cryptocurrencies. It lists almost 4,000 trading instruments, providing trader access to several global markets. On MT4, the broker offers good indicators and excellent charting tools for market analysis, along with signals via Trading Central.

Best Forex Trading Platforms France

We picked Saxo Markets as the best forex trading platform in France.

Saxo Markets is a Danish brokerage and part of the broader Saxo Bank. It is licensed in the UK, Italy, Czech Republic, the Netherlands, and several other countries. The French operation of the broker is conducted under its Danish license.

For only forex trading, Saxo Markets is an excellent trading platform. It offers more than 180 currency pairs for trading and lists other popular assets like cryptocurrencies and commodities. It also offers forex options with 44 forex vanilla options with maturities from one day to 12 months, along with 6 FX touch options to only professional traders.

Lowest Spread & Trading Fee Forex Broker in France

We picked Dukascopy as the best forex broker with the lowest spread and trading fees in France.

Dukascopy is a Swiss forex and CFDs broker and is an excellent choice when it comes to tight spreads on currency pairs. The broker onboards French traders under its license from the Latvian regulator. It is also regulated in Japan.

According to our tests, the average USD/EUR spreads on the broker was at 0.8 pips, half of the industry-standard spread of 1.6 pips. Spreads on the trading pairs of other asset classes also remained below the industry average. The broker lists 750 instruments of currency pairs and CFDs of indices, stocks, commodities and cryptocurrencies.

AMF-Regulated Forex Brokers List & Review

Here is a list of the regulated forex brokers operating in France, which we have tested by opening real accounts, depositing real money, executing trades, and then withdrawing all funds.

Forex Broker	EU Regulated	About Our Test	Our Review
FBS	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	FBS Review
GO Markets	Yes	Deposit Amount: Over €4,500 Total Trade: 12 trades	GO Markets Review
Fortrade	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	Fortrade Review
RoboMarkets (RoboForex)	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	RoboMarkets Review
IC Markets	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
FXTM	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	FXTM Review
Capital.com	Yes	Deposit Amount: Over €3,500 Total Trade: 15 trades	Capital.com Review
FxPro	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
Pepperstone	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
Amana Capital	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	Amana Capital Review
FxPro	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
XTB	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	XTB Review
eToro	Yes	Deposit Amount: Over $6,000 Total Trade: 18 trades	eToro Review
Tickmill	Yes	Deposit Amount: Over $8,000 Total Trade: 12 trades	Tickmill Review
Plus500	Yes	Deposit Amount: Over €6,000 Total Trade: 18 trades	Plus500 Review

FAQ & More on Forex Trading in France

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to AMF-regulated brokers.

How to Verify AMF-Regulated Brokers?

It is very easy to verify the AMF authorization of any forex broker as the regulator maintains a database, called REGAFI.

To verify the broker, go to www.regafi.fr and type in the name of the broker in the search box. If any similarly named broker is registered with AMF, the database will show all the matched names. It will further show the registered address of the broker, license country, and AMF authorization date.

ECN Brokers in France

ECN brokers directly connect buyers and sellers and do not charge any spread. These brokers also do not take any positions against their clients. Some of the ECN brokers operating in France are (Also check ECN Trading Platforms):

• FBS
• GKFX
• FXTM

MT4 Forex Brokers in France

MT4 is the most popular platform for trading forex and CFDs instrument. Though the platform has many shortcomings, it has a massive user base and is still traders’ favorites. Some brokers offering the MT4 platform in France are:

• CMC Markets
• Pepperstone
• Tickmill

Low Spread Forex Brokers in France

Spread is the bid and ask difference on the quoted price on any trading instrument. Lower spreads offered by any broker attract more traders as they have to pay less trading fees as spreads. Some forex brokers offering low spreads in France are:

• IC Markets
• Capital.com
• CMC Markets

Swap Free Forex Brokers in France

Swap-free Forex Accounts are considered Halal by Sharia law. These accounts do not charge roll-over interest rates and are primarily targeted to Muslim traders. Almost all brokers now offer a swap-free Islamic account. Some of the brokers operating in France with swap-free accounts are:

• RoboMarkets (RoboForex)
• IC Markets
• Dukascopy

Best Online Stock Broker in France

Most online brokers are considered stock brokers. We have tried to find the best and most reliable forex stock brokers for beginners in France. Some of the forex stock brokers we have come up with are the following:

• XTB
• eToro
• IC Markets

Tax for Forex Trading in France

In France forex trading is taxable. The tax rate for capital gains in the country is 36,2%. The tax rate for Income differs. It is based on the income amount. For up to €10,084 there are no taxes. There is a 11% taxation for income between €10,085 – €25,710. For income higher than €25,710 annually the tax rate is 30%.

French forex traders should remember that they should be responsible for filing tax forms to the relevant institutions. In case of failing to do so, traders may face fines and penalties.