10 Best Forex Brokers in France for 2025

Yes, Forex trading is legal in France. The French Forex trading market is regulated by the Autorité des Marchés Financiers (AMF). The AMF ensures that Forex brokers engage with French traders legally by checking their compliance with laws (like AML regulations), ensuring the safety of clients’ funds (such as segregated bank accounts), and promoting transparency in their operations.

The AMF upholds the legality of the French Forex trading market. Established in 2003, succeeding the Commission des Opérations de Bourse (COB), the AMF collaborates with the European Securities and Markets Authority (ESMA) to harmonize financial regulations between the Forex market in France and the broader European market. As a member of the European Union, France follows ESMA’s regulations and directives regarding financial markets.

The legality of Forex trading in France is governed by the Monetary and Financial Code, which provides the foundation for the AMF’s regulatory framework. The AMF enforces Anti-Money Laundering (AML) regulations to prevent illicit activities in the Forex market. The AMF also promotes investor protection through strict guidelines on how brokers should treat their customers.

The AMF has taken action against over 2700 Forex brokers and other financial institutions breaching French financial laws. The AMF regularly updates a blacklist of unauthorized websites offering Forex trading services to protect French investors from potential fraud and malpractice.

To verify AMF authorization of Forex brokers in France, first, search for the broker’s business name on their website. Second, visit the Regafi official website and use the search tool provided in the homepage. Third, enter the broker’s brand name or business name into the search tool. Finally, match the broker’s information with the Regafi database to ensure it is authorized to operate in France.

First, search for the Forex broker’s business name used to operate in France. The business name of a forex broker is often found in the footer of the broker’s homepage or the “About Us” section. The forex brokers have multiple business names, meaning it’s important to locate the European business name used to carry out trading services in France. For instance, the eToro business name in Europe is “eToro (Europe) Ltd”.

Second, visit the Regafi official website and use the search tool in the top-right corner of the homepage. Third, enter the Forex broker’s name or registration number into the database.

Finally, verify the details of the Forex broker in the AMF database. If the AMF database can’t find results, it means the broker doesn’t hold an AMF regulation. Select the right forex broker entry displayed by the AMF Regafi database, and check if the information matches with the ones provided by the Forex broker on their website.

The Autorité des Marchés Financiers is important because it ensures fair market conditions, oversight, and protection for Forex traders in France. The AMF requires Forex brokers operating in France to treat customers fairly, maintain clients’ funds in segregated accounts, and provide transparent Forex trading services.

The AMF regulation is important as it enforces strict leverage limits to protect inexperienced traders, provides compensation up to €100,000 for broker insolvencies through the Fonds de Garantie des Dépôts et de Résolution (FGDR), and has the authority to sanction and ban fraudulent brokers from the French market. The AMF ensures that Forex brokers in France comply with local laws such as the Monetary and Financial Code, ensuring minimum standards, transparency, fairness, and the efficiency of financial markets in France.

The AMF’s commitment to investor protection plays an important role for Forex traders in France. The AMF promotes transparency by ensuring that traders receive clear communication and appropriate disclosures from their Forex brokers. The AMF ensures that the forex brokers advertising trading products in France must follow strict advertising rules to protect the interests of inexperienced forex traders.

There are six factors to consider when choosing the best Forex broker in France. The factors to choose the best Forex broker in France are listed below.

1. Check the AMF Regulation of the Broker: Check the AMF regulation to understand if a broker is authorized to offer Forex and CFD trading services in France, and make sure that the broker respects traders’ privacy when complying with KYC laws.
2. Check the Broker’s Reputation in France: Check if the Forex broker has negative reviews from French users on websites like Trustpilot or local forums, and verify on the AMF official website if the broker has received complaints or warnings in the past.
3. Check the Spreads: Review the minimum and average spreads of the Forex broker in France. The average spread in the trading industry is around 1 pip on the EUR/USD Forex pair.
4. Check Technical Features: Verify if the Forex broker has servers located in France or nearby European countries. Trading servers located close to France help French traders reduce latency times, improving execution speed and reducing slippage in Forex trades.
5. Check the Broker’s Presence in France: Check if the Forex broker has offices in France. Having a physical presence in France ensures that the broker is more accountable to French authorities and can provide better customer support to local clients.
6. Check for Liquidity Providers: Examine the broker’s liquidity providers and their quality. High-quality liquidity providers allow Forex brokers to offer lower and more stable spreads, even during periods of high market volatility.

The table to compare Forex Brokers in France is shown below.

brokers	Spreads From	Minimum Deposit	Bonus	Accepts French Traders
Pepperstone	0 pips	$0	No	Yes
Saxo	0.60 pips	$0	No	Yes
IG Markets	0,6 pips	$300	No	Yes
IC Markets	0 pips	$0	No	Yes
XM	0 pips	$5	No	Yes

The table to compare Forex Brokers in France for spread is shown below.

brokers	EUR/USD Avg Spread	GBP/USD Avg Spread	EUR/GBP Avg Spread
Pepperstone	0.09 pips	0.38 pips	0.41 pips
Saxo	0.60 pips	0.80 pips	0.75 pips
IG Markets	0.7 pips	1.52 pips	0.9 pips
IC Markets	0.62 pips	0.82 pips	0.27 pips
XM	0.1 pips	0.2 pips	0.2 pips

How is the Comparison of Forex Brokers for Commission?

The table to compare Forex Brokers in France for commission is shown below.

brokers	Commission per Lot Traded	Inactivity Fee	Currency Conversion Fee
Pepperstone	$7 round turn	No	Yes
Saxo	No	No	No
IG Markets	No	$12/month	Yes
IC Markets	$7 round turn	No	No
XM	$7 round turn	$5/month ($15 for the first month)	No

The table to compare Forex Brokers in France for popularity is shown below.

brokers	Number of Customers	Number of App Downloads
Pepperstone	~300,000+	~500,000+
Saxo	N/A	100,000+
IG Markets	~300,000+	~1,000,000+
IC Markets	N/A	500,000+
XM	N/A	1.000.000+

The table to compare Forex Brokers in France for inactivity fee is shown below.

brokers	Inactivity Fee	Inactivity Fee Activation Time
Pepperstone	No	No inactivity fee
Saxo	No	No
IG Markets	$12/month	24 months
IC Markets	No	No
XM	$5/month ($15 for the first month)	12 months

The table to compare Forex Brokers in France for currency pairs is shown below.

brokers	Number of Currency Pairs
Pepperstone	70
Saxo	182
IG Markets	90
IC Markets	63
XM	57

The table to compare Forex Brokers in France for minimum deposit is shown below.

brokers	Minimum Deposit
Pepperstone	$0
Saxo	$0
IG Markets	$300
IC Markets	$0
XM	$5

The best Forex broker for beginners in France is eToro. eToro is considered the best French Forex broker for beginners due to its unlimited demo account, low minimum deposit of $100, and advanced social and copy trading features. These features help traders develop their skills and knowledge by learning from other Forex traders globally, including those in France.

Alternatives to eToro as the best Forex brokers for beginners in France are AvaTrade for its fixed spreads policy (starting from 0.9 pips), XTB for its no minimum deposit requirement, and IG Markets for its comprehensive educational resources and range of tradable assets.

Criteria for ranking Forex brokers for beginners in France include regulation, platform availability, customer support, and low minimum deposit.

The best Forex broker for volume ranking in France is Saxo. Saxo has a significant presence in France and handles an average daily transaction volume (ADTV) of 12.3 billion USD, managing approximately 4,5 billion in Forex transactions annually.

Other Forex brokers in France with high ADTV include IG Markets with an ADTV of 6.8 billion USD, and Pepperstone with an ADTV of 6.7 billion USD.

Criteria for ranking Forex brokers for volume in France is the average daily transaction volume (ADTV). The ADTV is a metric showcasing the total value of all Forex transactions and trades processed daily by the broker’s servers.

To open a Forex trading account with a broker in France, first, visit the official website of the French Forex broker to ensure it is legitimate. Second, open a trading profile. Third, verify your identity. Fourth, make your first deposit. Finally, wait for the transaction to be processed.

The first step to open a Forex trading account as a trader in France is to visit the broker’s official homepage. Ensure that the broker is regulated by the Autorité des Marchés Financiers (AMF) before creating an account.

Secondly, open a trading profile. Opening a demo account in France with a Forex broker requires an email address, a password, and sometimes a valid phone number.

Thirdly, verify your identity with the Forex broker. Brokers in France adhere to international Anti-Money Laundering (AML) laws and follow Know Your Customer (KYC) guidelines. These require Forex traders based in France to submit proof of address with utility bills or bank statements and proof of identity with an ID card or passport. The KYC verification process in France typically takes between 1 to 5 business days.

Fourth, deposit money into your account. Forex brokers in France require traders to meet the minimum deposit amount required to set up a Forex account. The minimum deposit is often expressed in Euros (EUR).

Finally, wait for the deposit to be processed. The deposit processing time with French Forex brokers varies between a few hours and a couple of days, depending on the chosen method.

The amount of money needed to start a Forex trading account in France ranges from €10 to €1,000. The minimum amount to open a Forex trading account in France is €10 with a cent or nano account, increasing to €1,000 for traders wanting to trade with lower or no leverage.

The minimum amount needed to open a Forex trading account in France is €10 with a Cent Account with brokers like FXTM. Forex Cent trading accounts measure the account balance in cents and allow traders to open trades with less than €1.

The minimum amount required to trade on a Standard Forex trading account with an AMF-regulated Forex broker is approximately €33. Forex trading accounts in France are limited to 1:30 leverage (approximately 3.33% margin), and standard trading accounts don’t allow traders to open trades with volumes below 1 micro lot, or €1,000. The margin needed to open a Forex trade with a standard trading account in France is about €33 (3.33% of €1,000). AMF-regulated Forex brokers like IG Markets suggest a minimum deposit of at least €200 for sustainable trading.

The minimum amount to open a Forex trading account with no leverage in France is €1,000, as it allows for trading with 1 micro lot. Micro lots are available with most of the best Forex brokers in France, such as Pepperstone.

The payment options accepted by Forex brokers in France are listed below.

• Wire Transfers: Wire transfers are always available with regulated Forex brokers in France. They are the most common and reliable deposit method for traders based in France.
• Credit Cards: Credit cards are a fast method to deposit money with French Forex brokers. Traders in France can choose between Visa and Mastercard credit card deposits.
• Debit Cards: Debit cards are a flexible deposit method in France, allowing deposits and withdrawals of any amount. Debit card deposits are available with Visa and Mastercard.
• eWallets: eWallets for Forex trading deposits in France are available in the form of Skrill, Neteller, and PayPal.

Wire transfers are reliable and available worldwide, including in France, but they are slower and may incur fees for international transfers. Wire transfers are considered international when processed outside the region or country where the Forex broker operates. For instance, a trader based in Vietnam may be charged international wire transfer fees when opening an account with a French Forex broker.

Debit card deposits are a flexible deposit method in France as they are fast and usually charge low fees. The main difference between depositing with credit cards and debit cards in France is that credit card deposits are faster but may require traders to comply with additional withdrawal rules.

eWallets are the fastest deposit method to process in France but, compared to wire transfers and debit/credit cards, they may come with higher fees between 1-3% of the deposit.

The disadvantages of Forex brokers in France are listed below.

• Higher Trading Costs: The French market may be less profitable for Forex brokers due to high regulatory compliance costs, taxes, limitations on leverage, and operational expenses to run local businesses in France.
• Limited Leverage: The Forex trading market in France is regulated by the AMF and adheres to European Securities and Markets Authority (ESMA) guidelines, imposing strict leverage limits of 1:30 for major currency pairs. These leverage limits serve to protect retail investors from excessive risk but also reduce flexibility for experienced traders.

Yes, Forex Traders pay taxes in France. Forex trading taxes in France are treated as Capital Gain Tax (CGT) for retail Forex traders, or Income Tax if treated as business income.

The Forex Capital Gain Tax in France varies depending on the trader’s total taxable income. For example, if a trader in France has a €10,000 trading account and doubles the equity to €20,000, the trader must pay the applicable CGT rate on the €10,000 profit.

The Forex Income Tax in France follows the country’s progressive tax system, which ranges from 11% to 45% based on the taxable income bracket. For example, income between €10,777 and €27,478 is taxed at 11%, while higher rates of 30%, 41%, and 45% apply to higher income brackets. Forex trading classified as a business income in France will be taxed accordingly.

The table with the best MetaTrader brokers in France is shown below.

brokers	MT4 Availability	MT5 Availability	Premium Tools for MetaTrader	MetaTrader Demo	Minimum Deposit
Pepperstone	Yes	Yes	Yes	Yes	$0
IG Markets	Yes	No	Yes	Yes	$300
IC Markets	Yes	Yes	Yes	Yes	$0
XM	Yes	Yes	No	Yes	$5
AvaTrade	Yes	Yes	No	Yes	$100

MetaTrader is a trading platform owned by MetaQuotes, and is common among Forex brokers regulated in France. MetaQuotes provides two MetaTrader platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both available for Forex traders in France.

The Forex trading statistics for France are listed below.

• Retail French Traders Losses: French traders average a loss of approximately 75% according to disclosures by AMF-regulated brokers.
• French Forex Average Daily Trading Volume (ADTV): The Euro (EUR) is actively traded in France, with an estimated average daily trading volume of around $200 billion.
• Number of French Forex Traders: In France, there are approximately 140,000 retail Forex traders, according to industry reports.
• Paris Global Trading Volume: Paris is a significant financial center in Europe, accounting for about 3% of the global Forex trading volume.

The terms of France-specific Forex terminology that traders should learn are listed below.

• Fiber: Fiber refers to the EUR/USD currency pair. The term “Fiber” is used by traders because the Euro is relatively newer compared to other major currencies, symbolizing high-speed fiber-optic communication between Europe and the United States.
• AMF (Autorité des Marchés Financiers): AMF refers to France’s financial regulatory authority that oversees Forex brokers and ensures they comply with strict standards to protect traders.
• CAC 40: CAC 40 is the benchmark French stock market index. While not a currency pair, Forex traders monitor the CAC 40 as it influences the strength of the Euro, particularly during economic or political events in France.
• OAT (Obligations Assimilables du Trésor): OAT refers to French government bonds. Forex traders watch OAT yields as they can impact the Euro’s value, especially during periods of fiscal policy changes.
• TTF (Taxe sur les Transactions Financières): TTF refers to the Financial Transaction Tax in France. This tax applies to certain financial transactions and can affect trading costs for traders operating in France.

Yes, French Forex traders can use various trading strategies permitted under French and European regulations. However, certain trading methods like high-frequency scalping may be restricted by some french forex brokers due to regulatory guidelines.

Forex traders based in France should verify with their broker if they allow specific types of trading strategies. Some AMF-regulated Forex brokers may not permit strategies like scalping or hedging.

French Forex traders should monitor economic news related to France and the Eurozone to assess the impact of geopolitical and economic events on the EUR/USD exchange rate and their trading strategies.

The countries similar to France for Forex trading are Germany, Spain, and Italy, considering leverage ratios, CFD trading status, investor compensation schemes, negative balance protection availability, and the presence of retail/professional Forex trader status.

The most similar countries to France for Forex trading are listed below.

• Germany: Germany shares similar Forex trading conditions with France, including adherence to ESMA regulations, leverage limits of 1:30, and investor protection schemes. Forex brokers in Germany are regulated by BaFin and offer similar trading conditions to those in France.
• Spain: Spain is similar to France in terms of Forex trading regulations and advertisement rules to retail traders. Spanish Forex brokers are regulated by the CNMV and comply with ESMA guidelines, offering leverage limits and compensation schemes akin to those in France.
• Belgium: Belgium, like France, has a strict oversight on forex trading and operates under ESMA regulations. The oversight upon forex brokers in Belgium is even stricter than in France, as only experienced and professional traders are allowed to trade forex.