Are you looking for the best forex brokers in France to help you navigate the world of currency trading When trading forex anywhere, It’s imperative to ensure the safety of your funds and determine whether they can satisfy your trading requirements before you fund an account with a specific broker.
In order to help you make an informed decision, Benzinga has compiled a list of the best forex brokers in France based on factors such as reliability, trading platform features, customer service and more. Read on to find out which broker may be the best fit for your trading needs.
Quick Look: Best Forex Brokers in France
- Best for Fast Execution Speed: Blackbull Markets
- Best for Beginners: Capital.com
- Best for Traders of all Experience Levels: eToro
- Best for Educational Resources: AvaTrade
- Best for Educational Resources: FOREX.com
- Best for Global Forex Trading on MetaTrader 5: Eightcap
- Best for International Stocks and Funds: Interactive Brokers
Best Forex Brokers in France
As part of the European Union, French forex traders have plenty of choices in choosing a platform for trading forex. The five best brokers for forex trading in France are all tier-1 regulated and offer clients desktop and mobile trading platforms with French language options. Most operate on the popular MetaTrader4 or 5 platforms along with their proprietary software.
1. Best for Fast Execution Speed: Blackbull Markets
BlackBull Markets is a leading trading broker founded in 2014 with its headquarters located in New Zealand. As a No Dealing Desk (NDD) broker, BlackBull Markets is known for offering a wide range of trading options including forex, indices, commodities, energies, metals and CFDs.
One notable aspect of BlackBull Markets is its regulatory status. The company is regulated by both the Financial Markets Authority (FMA) in New Zealand and the Financial Services Authority (FSA) in the Seychelles. Over the years, BlackBull Markets has achieved notable success and has built a strong reputation in the industry.
Pros
- Fast execution speeds
- 24/7 customer support
- $0 minimum deposit
- 1:500 leverage
- 26,000+ assets across six asset classes
Cons
- Lacks additional Tier-1 regulatory licenses outside of New Zealand
- Lack of educational resources
2. Best for Beginners: Capital.com
78.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Capital.com is a platform that caters to both beginner and experienced traders. Beginners can use a user-friendly demo to learn about charts, positions and indicators. The platform also provides comprehensive educational resources and 24/7 support. Traders can manage their exposure comfortably with flexible position sizing.
Capital.com is also appealing to experienced traders. The platform offers intuitive charts, drawing tools and over 75 indicators to improve analysis skills. Leveraged trading allows you to control larger positions with low margins, but it comes with risks of amplified profits and losses. The broker has fast execution times averaging 0.032 seconds, swift withdrawal processing and quick customer service responses.
Pros
- 3,000+ CFD markets
- Intuitive mobile app available at Google Play and Apple App Stores
- 75+ technical analysis tools
- Helpful educational resources
- Multi-lingual support
Cons
- Price alerts only available on Capital.com's mobile app – not on the web platform
- Doesn’t offer MetaTrader 5
3. Best for Traders of all Experience Levels: eToro
CFD trading is not available to U.S. users. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro is a leading forex broker based in France that has become increasingly popular with both beginner and expert traders. The company was founded in 2006 and has since grown to become one of the largest social trading platforms available, offering its users access to over 1,000 financial markets, including Forex, stocks, commodities, indices, and ETFs. eToro also caters specifically to French clients, offering services in the French language and providing customer support for all of their traders.
The platform offers a variety of tools to help its users get started trading quickly and easily. Its platform is intuitive and user-friendly, making it suitable for even novice traders. eToro also boasts an array of features such as copy trading, automated trading, social trading, and more that allow users to take advantage of the markets without having to do all of the work themselves.
Pros
- 40+ currency pairs
- Demo account available
- Low trading costs
- No commissions on trades
- Competitive spreads on forex pairs
Cons
- Limited customer service
4. Best for Educational Resources: AvaTrade
AvaTrade is a broker with a large reach from Europe and South Africa to the Middle East, Australia, the Caribbean, Japan and much more. You can easily trade CFDs based on several assets like stocks, forex, indices, crypto and more.
AvaTrade is unique in that it works best for both beginners and advanced traders who want to volume trade. You can get service in 20 languages, and you will have more than enough variety to keep your portfolio both up-to-date and profitable.
Pros
- Services in 20 languages broadens the scope of the platform
- It’s easy to diversify with the number of assets featured for French traders
- Best in Class winner for educational resources
- Free deposit and withdrawal methods
Cons
- High inactivity fees
- CFD fees are average
5. Best for Educational Resources: FOREX.com
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
The products and services available to you at FOREX.com will depend on your location and on which of its regulated entities holds your account
FOREX.com is a secure platform regulated under four tier-1 authorities. The company offers easy entry into forex trading with a minimum deposit of just $100. Use the platform to trade in forex, spot metals, futures and options, but if you’re looking to trade in stocks and shares, FOREX.com is not for you.
Users have two account options and Direct Market Access (DMA). An Active Trader program offers rebates and personalized professional support. The educational resources start with basic forex concepts, through advanced advice for trading forex and include live webinars.
Pros
- Access more than 80 currencies
- Demo account available
- MT5 & MT4 broker
- Choose from 90 indicators for a thorough performance analysis
- An impressive array of training and educational materials
- A customizable proprietary platform and MetaTrader5
- Low spreads, commission-free on Standard accounts
Cons
- Doesn’t support trade in stocks and shares
- Limited instruments available
6. Best for Global Forex Trading on MetaTrader 5: Eightcap
Melbourne-based Eightcap forex is an award-winning forex trading platform operating off the MetaTrader4 and MetaTrader5 platforms. Users can trade in more than 1,000 financial instruments across several asset classes.
Two account types, Standard and Raw, allow traders to choose between a wider forex spread or commission per trade combined with a lower spread. Users have access to Capitalise.ai for automating and backtesting trading strategies. Eightcap also provides plenty of educational material for those new to trading forex.
Pros
- More than 1,000 financial instruments
- Easy to use MetaTrader4 and MetaTrader 5 platforms
- Access to Capitalise.ai for automation and analytic tools
- Multilingual customer service
Cons
- No exotic currency pair, as Eightcap has just one exotic currency pair
- Limited product selection
7. Best for International Stocks and Funds: Interactive Brokers
Multi-award-winning trading company, Interactive Brokers, offers traders an all-inclusive trading experience. Users can access a broad range of assets, including trading forex, options, futures and fund trading in 33 countries at affordable rates.
The Interactive Brokers software migrates seamlessly from laptop to smartphone, but it is geared more toward experienced traders. You need no minimum balance to open an Interactive Brokers account. Traders can choose between the Lite and Pro accounts and more than 100 different order types, including algorithmic trading.
Pros
- Free access to a wide range of assets
- Affordable rates
- A responsive mobile platform
- Professional tools for licensed advisors
- Zero minimum account balance
- Low forex spreads
Cons
- Beginners may find the platform confusing
- Mainly for active traders
Understanding Forex Trading in France
As part of the European Union, French traders may trade on any trading platforms authorized by EU member states that have the authorization of the French Financial authority Autorité Des Marchés Financiers (AMF).
The AMF is one of Europe’s most conservative financial authorities, aiming to guide traders away from high-risk investments. Here are some of the restrictions on forex trading in France:
- Guaranteed stop losses: All forex brokers in France must provide guaranteed stop losses.
- Negative balance protection: They must also offer negative balance protection, though it doesn’t apply to professional trading accounts.
- Leverage cap: The AMF puts a cap on leverage with a 20:1 limit on minor currencies and a 30:1 limit on major currency trades.
- Margin restrictions: FX brokers must close a trader’s open position when the margin drops below the 50% threshold.
Brokers that breach any of these regulations are blacklisted and their websites are blocked.
Trade Forex in France
The best forex brokers are those that can help you to meet your long-term financial plans. Forex trading is a well-developed industry, so you should find a broker that you can trust to keep your money safe and secure.
You need easy access to forex markets wherever you are. An interactive, user-friendly trading platform is your gateway to the world of forex trading. Keep an eye out for excessive trading costs as these can quickly erode profits made. Forex France, like other trading platforms, revolves around common-sense precautions.
Frequently Asked Questions
Can you trade forex in France?
Forex trading is very popular in France and any EU-accredited broker can do business in France.
Is France good for international trade?
France is a good country for international trade because it is a member of the European Union, has a well-developed infrastructure and is a major hub for international finance.
Which trading platform is best in France?
France’s top trading platform is MT4, followed by MT5 and cTrader which are also popular options. It ultimately depends on your trading needs and preferences, so it’s best to research and compare the different platforms to find the one that best suits your needs.
Get a Forex Pro on Your Side
FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade.
You can also tap into:
- EUR/USD as low as 0.2 with fixed $5 commissions per 100,000
- Powerful, purpose-built currency trading platforms
- Monthly cash rebates of up to $9 per million dollars traded with FOREX.com’s Active Trader Program
Learn more about FOREX.com’s low pricing and how you can get started trading with FOREX.com.