Best FOREX Brokers in France 2024

Checker: Bahaa Khateeb
Last Update: 2024-11-26

With many years of meticulous FOREX broker testing, Arincen stands out as a voice of authority. Our analyses, shaped by exhaustive data collection, are trusted by many. Each year, we gather 120 data points from more than 100 brokers. Our team of more than 20 people collaborate extensively to produce high-quality broker reviews like this one. For a detailed explanation of how we test brokers, navigate to the bottom of this article.

As a new trader in France, it's important to understand who the best FOREX brokers are in the country. With the vast increase in the number of viable brokers, you have so much to choose from. Selecting from hundreds of the best FOREX brokers in France is a daunting task, but it is also exciting, as you are one step closer to enjoying a satisfying FOREX trading career.
At Arincen, we believe every trader should be able to work with a broker of their choice, safe in the knowledge that their funds are being well managed, and they are getting the best deal possible. For this reason, we will be listing the best FOREX brokers in France today. This list is the result of a detailed review process carried out by experts Arincen. We will share our review methodology so you can understand why we chose the companies we did. 

Best FOREX Broker in France for 2024

Company NameICM Capital
Regulations

FCA

Minimum Deposit$500
Main BranchUnited Arab Emirates
Company NameTradeview
Regulations

FCA

Minimum Deposit$250
Main BranchUSA
Company NameXTB
Regulations

FCA

Minimum Deposit$500
Main BranchUK
Company NameIG
Regulations

FCA

Minimum Deposit$500
Main BranchUK

Top Tips for Choosing the Best FOREX brokers in France

There are so many outstanding FOREX brokers operating in France. As always, it's important to safeguard your investments by partnering with a broker who has a proven history of success in this market. Undertaking thorough research is the key. Here are some of the most crucial elements to keep in mind when choosing a broker in France:
• The broker must be supervised by a high-tier regulatory body, which could be a local French regulator or an international one
• The broker's fee structure must be competitive
• The broker must provide a wide range of financial assets for trading
• The broker must boast a customer service team that responds promptly and efficiently
• The broker should have a comprehensive package of research tools and educational resources available.

Best Broker and Platform for Beginners in France 2024

After a thorough review, we're happy to present our experts' top 7 FOREX brokers in a variety of categories in France for 2024:

  1. ICM - Capital 91.10: Best Deposit and Withdrawal Broker

  2. Tradeview: 90.00: Trusted broker that offers very low trading costs as well as comprehensive financial literacy materials for its clients.

  3. XTB - 85.55: Best Customer Service Broker

  4. IG - 85.45: Best Regulations Broker plus Convenient Platform

  5. Saxo Bank - 80.09: Excellent Private Trading Platform

  6. CMC Markets - 80.07: More than 9,000 Assets

  7. ThinkMarkets - 80.05: Aimed at the Audience of Traders

ICM Capital

ICM Capital is considered the industry leader in deposits and withdrawals, whereby each withdrawal does not take more than five business days. Moreover, the company offers its customers a handy credit card to withdraw their profits, in addition to enabling customers to use various deposit methods. The company, which is licensed by the UK's FCA, has several branches around the world. Among other things, it has a rich portfolio of assets, especially stocks, offers a low spread, as well as the ability to use MT4.

Broker Evaluation8.11
Regulations
Minimum Deposit$500
Islamic AccountYes
Payment MethodsBank transfer, credit card, electronic payment providers, crypto
Main BranchUnited Kingdom
Customer Service24/5
Demo AccountYes
Trading PlatformsMT4, MT5, cTrader, Web Platform

Pros

  • Segregated client funds.
  • Regulated by the UK’s FCA.
  • Established in 2009.
  • More than 10,000 ICM Capital users and traders.
  • Reasonable minimum deposit from $500.
  • Decent funding options.
  • No swaps.
  • MetaTrader4 (MT4) desktop and mobile download.

Cons

  • Does not allow scalping.
  • Not ASIC-regulated.
  • Relatively limited range of instruments.
  • Slow live-chat service.
  • Relatively high trading fees.

Tradeview Markets

Tradeview Forex, interchangeably known as Tradeview Markets, was established in 2004 and is headquartered in the Cayman Islands, setting itself up as a significant player in the online FOREX and CFD trading world. Regulated by the Cayman Island Monetary Authority (CIMA) and the Malta Financial Services Authority (MFSA), Tradeview Forex is a reliable platform in a competitive market​​​​. The broker’s commitment to offering a broad and accessible trading environment shines through with its low deposit requirement and how it provides various advanced trading platforms to clientele.

Broker Evaluation7
Regulations
Minimum Deposit$450
Islamic AccountYes
Payment MethodsBank transfer, credit card, electronic payment providers, crypto
Main BranchCayman Islands
Customer Service24/5
Demo AccountYes
Trading PlatformsProprietary Platform, MT4, MT5, Web Platform

Pros

  • Established in 2004.
  • Variety of trading platforms, such as MT4, MT5, cTrader, and Currenex, catering to different trading preferences and strategies.
  • Low minimum deposits.
  • Beginners and experienced traders looking to refine their strategies.
  • Supports automated trading through the use of Expert Advisors (EA) on MT4 and MT5 platforms.
  • Decent leverage levels of 1:400 available in some jurisdictions.
  • Regulated by CIMA, MFSA, and will soon be regulated by the UK’s Financial Conduct Authority (FCA).

Cons

  • While regulated by CIMA and the MFSA, the broker is still in the final stages of becoming regulated by the tier-one FCA.
  • Trades on the Innovative Liquidity Connector® account are subject to commission charges, which may add to trading costs.
  • While offering high leverage up to 400:1 can be an advantage, it also introduces significant risks, especially for new traders.

XTB

What distinguishes XTB from other brokers is the fact that it offers the best customer experience among all the companies we have surveyed. Indeed, it boasts the fastest response rate from all the companies under investigation. This is especially relevant since the market is always on-the-go, and so you need to act fast. XTB offers lots of asset classes, as well as the ability to use the MT4 trading platform. Finally, it maintains a relatively low spread, which is suitable for quick deals.

Broker Evaluation8.55
Regulations
Minimum Deposit$500
Islamic AccountYes
Payment MethodsBank transfer, credit card, electronic payment providers
Main BranchUnited Kingdom
Customer Service24/5
Demo AccountYes
Trading PlatformsMT4, MT5, Web Platform

Pros

  • Long history of operation.
  • Globally recognized, having won multiple awards.
  • Some of the lowest FOREX spreads in the market.
  • Regulated by the FCA (UK).
  • Offers protection for client accounts.
  • Emphasis on customer service.
  • Excellent support, learning and research tools.

Cons

  • Does not accept US clients.
  • Non-FOREX spread costs are relatively high.
  • No GSLO.
  • No back-testing or automated trading capabilities.
  • Conditions vary according to regulation and entity.

IG

IG is arguably the best broker when it comes to security and trust, boasting, as it does, licenses from 10 regulatory bodies, including the all-important FCA from the UK. The company is also a bank and is a publicly traded company in London. It is known for offering more than 10,000 asset classes of currencies, commodities, future contracts, ETFs, indices, cryptocurrencies etc. Further, it has its own state-of-the-art trading platform and offers a relatively low spread.
Broker Evaluation7.54
Regulations
Minimum Deposit$250
Islamic AccountYes
Payment MethodsBank transfer, credit card, electronic payment providers
Main BranchUnited Kingdom
Customer Service24/5
Demo AccountYes
Trading PlatformsProprietary Platform, MT4, Web Platform

Pros

  • Easy-to-navigate platform that is simple for beginners to master.
  • Margin rates are easy to understand and affordable.
  • Mobile and tablet platforms offer full functionality of the desktop version.
  • Accepts US clients.
  • Access to more than 100 currency pairs
  • Emphasis on education and research.
  • Regulated by the FCA (UK), as well as the CFTC and the NFA (US).
  • Offers protection for UK/EU client accounts.

Cons

  • US traders can currently only trade FOREX.
  • No GSLO for US-based traders.
  • No account protection for US clients.
  • Relatively high share-CFD fees.
  • No copy trading or back-testing integration on IG platform.

Saxo Bank

Saxo Bank is considered one of the best investment banks in financial markets and currencies, as it offers the very best trading platform and tools from all the companies we have reviewed. Meanwhile, its spreads are very low and, as such, suitable for short-term deals; and it offers a large number of asset classes, including currencies, commodities, indices etc. Finally, its customer service is excellent and very responsive to traders' needs.

Broker Evaluation6.09
Regulations
Minimum Deposit$5000
Islamic AccountNo
Payment MethodsBank transfer, credit card
Main BranchCopenhagen, Denmark
Customer Service24/5
Demo AccountYes
Trading PlatformsSaxoTrader

Pros

  • Extensive range of offerings.
  • Regulated by the FCA (UK) and other top regulators.
  • Great trading platform.
  • Among the industry’s best research.
  • Superior user interface.
  • Offers protection for client accounts.

Cons

  • High bond, options and futures fees.
  • Confusing instrument fee structures.
  • High minimum deposit.
  • Does not accept US clients.
  • No MT4.
  • Lacks live chat.

CMC Markets

CMC Markets is a well-regarded broker offering some 9,000 asset classes that encompass currencies, commodities, indices, cryptocurrencies, bonds, and stocks. The company offers relatively low spreads, access to MT4, and fast customer service. It is most suited for traders looking for diversity in asset classes.

Broker Evaluation7.07
Regulations
Minimum Deposit$0
Islamic AccountNo
Payment MethodsBank transfer, credit card, electronic payment providers
Main BranchUnited Kingdom
Customer Service24/5
Demo AccountYes
Trading PlatformsProprietary Platform, MT4, Web Platform

Pros

  • Extensive range of offerings.
  • Regulated by the FCA (UK).
  • Low FOREX fees.
  • Emphasis on education and customer service.
  • Great Web and mobile platforms.
  • Offers protection for client accounts.
  • Research amenities are industry leading.

Cons

  • Does not accept US clients.
  • High stock CFD fees.
  • High CFD spreads for certain indices.
  • Differences between Next Generation and MT4.
  • Complicated account verification.
  • No back-testing or automated trading capabilities.

ThinkMarkets

Originally founded in New Zealand in 2010, and moving to Australia within the space of their first two years, ThinkMarkets is a global online brokerage focusing on FOREX and CFD trading. In addition to a range of major and minor currency pairs. ThinkMarkets has an array of CFDs on offer. This includes indices, as well as hard and soft commodities.

Broker Evaluation8.05
Regulations
Minimum Deposit$0
Islamic AccountYes
Payment MethodsBank transfer, credit card, electronic payment providers, crypto
Main BranchAustralia
Customer Service24/7
Demo AccountYes
Trading PlatformsProprietary Platform, Web Platform, MT4, MT5

Pros

  • Beginner assistance offered through 24/6 channels.
  • Spreads are as low as 0.0 pips.
  • 24/7 expert customer service.
  • CFD shares and indices come at no extra fee.
  • Zero broker fees for FOREX trading.
  • Technical analysis and quality market information.
  • Percentage allocation management module (PAMM) and Multi-account manager (MAM) accounts available.

Cons

  • Direct share trading is on a separate platform.
  • No binary options offered.
  • Commissions charged for two account types.
  • After a strong early start, ThinkTrader user ratings have slid to 3.4 stars.
  • No US, Canada, or Japan clients allowed.

There is a high degree of risk involved in trading securities like FOREX, or CFDs, which are highly complex instruments. As a trader, you could be exposed to excessive leverage, questionable broker tactics, market volatility, and limited regulatory protection. Despite your best trading techniques and risk management strategies, your efforts may not be profitable, and you could suffer losses.

What Is FOREX and Why Do We Need a Broker to Trade?

If you are a new trader, you need to know that the FOREX market is the largest financial market in the world at some six trillion dollars daily. The FOREX market operates 24 hours a day and five days a week (Monday through Friday), except for international holidays. It's a place where retail traders like you can buy, sell, exchange, and speculate on currencies. Here are some key aspects:

  • Global currency trading: Get access to world currencies

  • High liquidity and volatility: Large volumes of currencies can be traded in a bustling online market

  • Leverage: It can amplify profits, but it also increases the risk of substantial losses

  • Speculation and analysis: Retail FOREX trading is mostly speculative, but you can improve your chances through research and study

Brokerage firms play a key role in this regard by enabling clients to buy and sell through a trading platform. It is for this reason that we are closely investigating the best online trading brokers in France.

Tip: Invest in Your knowledge
For every aspiring retail trader, knowledge is key to a successful trading journey. We invite you to delve into Arincen's goldmine of insights, strategies, and expert analyses. Whether you're just embarking on your trading venture or trying to level up your trading game, our resources are designed to give you all the information you need. Visit our educational resources here.

How Do I Choose the Best FOREX Broker in France?

France is a dynamic economy that hosts one of the most vibrant FOREX markets in Europe. This market has continued to thrive despite the fact that France has a conservative personal investment outlook and is heavily regulated.
In France, retail traders’ exposure to risk is heavily ring-fenced to prevent them from suffering bad losses. The country’s regulators have tried to keep citizens far away from dangerous investments. FOREX trading is legal in France provided that brokers are regulated by the local regulator, the Autorité des Marchés Financiers (AMF).  Therefore, choosing a broker is made that much easier because you do not have to worry about being overly exposed to risk. All brokerage firms doing business with French citizens are expected to provide guaranteed stop losses. They must also offer negative-balance protection. This leaves you to select a broker based on other factors such as:
  • Platform strength
  • The number of accounts the broker offers
  • The broker's market depth and variety, and
  • The performance of its trade execution.
Best FOREX Brokers in France

Regulation and Licensing in France

As we have said, FOREX brokers who offer their services to French citizens must be regulated by the local regulator, the AMF. Regulated brokers are compelled to stick to common best practices, like keeping their operating funds separate from client funds, complying with strict leverage rules, and staying away from offering bonuses and overly generous promotions.

The broader financial sector in France is supervised by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). This independent administrative body works closely with the French central bank to ensure oversight of banks, pension funds, and insurance companies operating in France. All these agencies work in concert with the European Securities and Markets Authority (ESMA), headquartered in Paris, which acts as an EU-wide financial market regulator.

It is always a good sign if your broker is active in other countries and has been regulated by other tier-1 bodies like the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), which are considered to be two of the best regulators in the world.

The regulators that oversee FOREX trading also regulate other financial assets, such as crypto, commodities, and indices. If you want to learn more about some of the best-regarded regulators, read our article on regulation here. Remember that you do not have to use a broker with international regulation if your local broker is regulated by a solid local regulator.

To ensure that your broker is legit, you can follow these steps:

  • Ask if the broker is licensed to sell you FOREX

  • Check if the broker is registered with a top-tier regulator or at least the applicable regulator in your area. You can do this by verifying the broker’s good standing on the website of the regulator

  • Ask if your broker is part of a compensation scheme

  • Check your statements regularly to ensure that everything is in order

Remember that it's important to comply with all applicable requirements, including any self-regulatory organizations to which brokers belong, and not just those mentioned here.

Be Careful of Non-Regulated Brokers
Your broker should be regulated by a reputable authority who has a history of strong oversight. Your broker does not have to be regulated by an overseas watchdog, you can also go with a regulator in your jurisdiction. To check if your broker is registered with a regulator, navigate to the regulator’s official website.

Leverage

Depending on how your broker operates within the regulatory system, you'll come across different rules regarding leverage. Several major regulators have set out specific guidelines to protect individual traders.

Besides being regulated by the AMF, brokers in France must fall in line with ESMA guidelines and the Markets in Financial Instruments Regulation (MiFIR). Let's take a look at selected leverage rules around the world:

The AMF in France:

30:1 for major currency pairs 

20:1 for non-major currency pairs

2:1 for cryptocurrencies 

Swiss Financial Market Supervisory Authority (FINMA) in Switzerland:

FINMA doesn't specify leverage limits like ASIC. However, Swiss brokers must strictly adhere to robust capital and risk management requirements, ensuring that they do not offer excessively high leverage that could endanger their financial stability or their clients' funds.

Australian Securities and Investments Commission (ASIC) in Australia:

30:1 for major currency pairs

20:1 for non-major currency pairs

2:1 for cryptocurrencies

The FCA in the UK:

30:1 for major currency pairs

20:1 for non-major currency pairs

2:1 for cryptocurrencies

It's worth mentioning that these rules mainly target regular individual clients. If you're a professional trader, your access to leverage might vary depending on both the rules in place and the policies of your broker. As you can tell, diligent regulators keep a close eye on how much leverage is allowed. Nevertheless, you can still use a regulator from your own country, even if it doesn't fall under the category of a top-tier regulator.

Leverage, while offering handsome profits, significantly increases potential losses. Engaging in high leverage trading without a robust risk management strategy is like navigating treacherous financial waters without a safety net. Approach leverage with caution, employ sound trading strategies, and always try to develop a comprehensive understanding of market behaviors and how they affect your portfolio when you trade on leverage.

Stop Out

As a FOREX trader, it's crucial to understand the most important terms you'll encounter to avoid going into a negative balance. One of these terms is "stop out," which refers to a situation where a broker automatically closes some or all of your open positions to prevent your account from going into a negative balance. 

This is especially relevant for traders using leverage. The stop-out level is typically expressed as a percentage, representing the margin level at which the broker starts to close out open trades.

Here are the three most common stop-out levels:

0% Stop-Out Level

At this level, when the margin level of the account drops to 0%, the broker will automatically close all open positions. This is the most aggressive stop-out level, and it gives no room for your positions to recover, even if the market turns in your favor immediately after reaching this level.

Here's how it works:

Imagine you have a trading account with a balance of $10,000, and you've opened several positions in the market. Your broker has a 0% Stop-Out Level policy, which means that if your margin level drops to 0%, they will automatically close all your open positions to prevent further losses.

  • You start with a $10,000 trading account balance

  • Using 30:1 leverage, you can control $300,000 worth of currency with your $10,000 account

  • You open a position in EUR/USD with a notional value of $300,000, and the margin required for this trade is $10,000 (3.33% of the notional value)

  • The market moves against your position, causing your account balance to drop to $9,000

  • If your losses accumulate, your account balance decreases and your margin level (account equity divided by used margin) drops accordingly 

  • When it reaches 0%, the broker's 0% Stop-Out Level policy comes into play.

50% Stop-Out Level

Here, if the margin level drops to 50%, the broker will start closing out positions. It offers a bit more flexibility compared to the 0% level. The broker will typically close the most unprofitable positions first, and if that's not enough to bring the margin level back above 50%, more positions will be closed until it's achieved.

100% Stop-Out Level

A 100% stop-out level means that when a trader's equity equals the margin required for the open positions, the broker will start closing those positions. It's important to know that this is similar to the 0% level but might be worded differently based on broker terminology.

It's worth noting that while stop-out procedures are meant to protect traders from negative balances, they can lead to significant losses in volatile markets if positions are closed automatically, especially if the market quickly reverses after the stop out. As such, using protective measures, like stop-loss orders and not over-leveraging, is always a good idea. Additionally, the specific percentage and the order in which positions are closed can vary among brokers, so it's essential for traders to be aware of their broker's policy on stop-out levels.

Commissions and Fees

Trading fees can sometimes be difficult to track. Be sure to check how these fees compare with industry standards:

Spreads: There are two main kinds of spread, one is fixed and the other is variable. Generally, the spread refers to the difference or gap between two prices, such as the bid/ask rate in a currency exchange rate. An example of a good spread is 1.4 pips for the EUR/USD (the narrower the better, this means that a spread of 1.4 pips is better than a spread of 2 pips). This article explains more about this important concept.

Commission: This is nothing more than the service charge that brokers require for carrying out transactions on behalf of their clients.

Rollover fees: When you leave a trade open overnight, the broker normally charges a rollover fee for the facility of holding your trade open for that period. This is because they assume the risk of the market changing adversely.

Withdrawal and Deposit Fees: Some platforms might charge fees for depositing or withdrawing funds. Pay attention to this. It's important to be aware of these and any associated limits or conditions.

Subscription or Inactivity Fees: Certain platforms have monthly charges or fees for inactive accounts. Ensure you're aware of these potential costs.

ICM Capital
Tradeview
XTB
IG
Saxo Bank
CMC Markets
Think Markets
SpreadCommission SwapIslamic Account
CurrenciesStarting from 1.3 Pips0$NoAvailable
StocksStarting from 18 Pips0$YesUnavailable
CommoditiesStarting from 2.3 Pips0$NoAvailable
IndicesStarting from 4 Pips0$YesUnavailable

Tradable Assets and Instruments

FOREX trading remains popular among French traders, even though they work within a restrictive regulatory environment. The instruments that brokers can offer are impacted by the stringent rules put in place by French authorities. As we have mentioned, these include guaranteed stop losses, negative balance protection, and tightly controlled leverage.
Retail trading offers a diverse range of financial instruments, each with its own set of opportunities and challenges. Here are the most common tradable assets and instruments to which you should have access:
FOREX
With the largest trading volume globally, the FOREX market allows traders to speculate on the future movements of currency prices, trading pairs like EUR/USD, GBP/JPY, and many more.
Cryptocurrencies
Digital coins like Bitcoin, Ethereum, and countless altcoins offer both high rewards and volatility.
Bonds
These debt securities offer periodic interest to holders and return the principal amount at maturity. Bonds are best for those interested in fixed returns.
Commodities
Whether it's precious metals like gold and silver, or energy commodities like oil and natural gas, commodities trading offers a chance to profit from the tangible assets that drive global economies.
CFDs
CFD trading allows you to speculate on the rising or falling prices of fast-moving global financial markets, such as shares, indices, commodities, currencies, and treasuries. You don’t own the underlying asset and you can go short or long. CFDs are traded on margin, meaning the broker allows investors to borrow money to increase leverage or the size of the position to amplify gains. Brokers will require traders to maintain specific account balances before they allow this type of transaction. CFD brokers typically provide a wide range of financial instruments across different asset classes, allowing traders to diversify their portfolios with ease.
Equities or Stocks
These represent ownership in a company and constitute one of the most popular avenues for retail traders, given their potential for substantial returns and the thrill of being a part of the corporate world.
Indices
These are baskets of stocks representing a particular market or sector, like the EuroNext Paris or the Nasdaq, giving traders exposure to broader market movements.
Options and Futures
These derivative products allow traders to hedge against potential losses or speculate on price movements without owning the underlying asset.
BrokersCurrency pairsStocksIndicesCommoditiesCryptoETFs
ICM Capital 67 Pairs89 Shares17 Indices12 Commodity6 CoinsUnavailable
Tradview80 Pairs5000 Shares10 Indices10 Commodity30 CoinsUnavailable
XTB57 Pairs1848 Shares36 Indices22 Commodity22 Coins135 ETFs
IG 81 Pairs21714 Shares49 Indices39 Commodity11 Coins12858 ETFs
Saxo Bank 320 Pairs22000 Shares49 Indices39 Commodity9 Coins6700 ETFs
CMC Markets330 Pairs8000 Shares80 Indices100 Commodity18 Coins 200 ETFs
Think Markets46 Pairs 3750 Shares15 Indices11 Commodity21 Coins 350 ETFs

Payments, Deposits, and Withdrawals in France

Different brokers have their own rules and limits on the size of the deposits and withdrawals that traders can process. Most France-based FOREX brokers offer all the regular payment methods, such as bank transfers and credit or debit cards offered by popular carriers. E-wallets are a convenient way for French traders to transact online. Common methods, like Skrill, Neteller, and Paypal are supported with ease.
ICM Capital
Tradeview
XTB
IG
Saxo Bank
CMC Markets
Think Markets
MethodCredit CardWire TransferSkrillNetellerCryptocurrencyPayPal
Deposit fee0$$0 + Bank commission1.9% 2.5%Unavailable3.75%
Withdrawal fee0$$151%$0Unavailable2%

FOREX Trading Customer Service

Don't let your broker let you down just when you need them. Before signing up, ask the broker about their customer service desk. The best FOREX brokers must be able to provide good customer support around the clock, or as close to it as possible. This most notably includes the company representatives being easy to reach, fast and polite, which will, in turn, spare you from having to worry about problems down the road. 
ICM Capital
Tradeview
XTB
IG
Saxo Bank
CMC Markets
Think Markets
EmailLive ChatPhoneWhatsApp
AvailableAvailableAvailableAvailableAvailable
Quick responseVery FastVery FastVery FastVery Fast

Technical Aspects of the Broker’s Website

When it comes to sharing sensitive personal information online, such as a credit card, cyber security is paramount. You should, therefore, always look for SSL certification and two-factor authentication (especially when registering with a new site). When signing up, remember to use a strong password and keep it where it cannot easily be found.

Trading Platforms, Tools, and Features

FOREX brokers in France offer the same set of tools you can find in any developed market. The best brokers offer advanced algorithmic trading that can support large volumes of trades with high uptime and little lag. Brokers can also offer electronic assistance (EA) and high-end market analysis and insights.

When picking a trading platform, it's crucial to consider what works for both beginners and experienced traders. Here are some things to think about:

Platform Accessibility: Whether it's web-based or downloadable, a good platform should give you options to trade at your convenience at any time, on any device.

Technical Analysis Tools: Look for a platform that has solid technical indicators. They are useful for making smart trading decisions.

Risk Management Tools: Trading is risky. A top-notch platform should allow you to set stop-losses and take-profits to manage those risks.

Customization and User-Friendliness: You should be able to tweak the platform to match your style. Within the MetaTrader product family, both MT4 and MT5 are known for their excellent customization features. Here’s a comparison between the two.

Performance and Reliability: As a newcomer, you should be looking for a platform that runs smoothly when called upon.

Learning and Help Resources: It's a boost if the platform is not only visually pleasing and customizable, but also comes with guides and support to help you when you're stuck.

To choose the perfect trading platform, here's what you can do:

  • Determine your trading style and needs.

  • Research different platforms and compare their features.

  • Test the platforms with a demo account to see which one suits you best.

  • Choose a platform that offers the features you need and is user-friendly.

  • Ensure that the platform is reliable and has a good reputation in the industry.

Remember that the trading platform you choose can have a significant impact on your trading success, so it's important to choose wisely.

Ask Other Traders on Our Network

Arincen is where traders meet to sample a social trading environment where every investor is welcome. Traders can benefit from powerful communities and learn from each other. Even beginner traders find a home here, as they can study the moves made by successful traders with long track records. We encourage you to ask other traders on our network about their experience of working on our website. 

Which FOREX Broker Has the Best Platform?

MetaTrader’s MT4 platform is a highly regarded third-party interface used by many FOREX traders around the world. Its features are well-recognized and are known by many. However, if you want to try something different, you may consider a proprietary platform. We recommend you try Saxo Bank for its advanced trading features and high-performance tools with in-depth market analysis.

Which is the Best FOREX Broker for Low Fees?

After conducting thorough research, we can confidently say that ICM’s ECN account offers the lowest fees for any kind of trader.

Which FOREX Broker Offers the Most CFDs?

If trading CFDs is your preference, and you are looking for a broker with a wide range of CFD instruments in which to invest, try CMC Markets or IG, both of which offer a vast array of CFDs to invest in.

Which is the Best FOREX Broker for the Most Assets?

If you are the type of trader who is always on the lookout for new assets to try and you are frustrated by the limited range offered by your broker, spend some time looking into the extensive range of assets on offer from CMC and IG, two brokers synonymous with endless asset class choice.

Which is the Best FOREX Broker for Professionals?

Professional traders can be hard to please. They have learned the ropes and know what they want. They do not settle for platforms that offer unresponsive execution times or limited functionality. They are also on the lookout for a platform that features in-depth market analysis that comes with insightful and advanced indicators. In this case, you should look to MT4, an industry staple that offers all of the above.

FOREX Trading Scams and How to Avoid Them

The financial system in France is designed to ensure that it is very difficult to conduct fraudulent activity in the system. Brokers that violate France’s regulatory guidelines do so at their peril as they quickly discover the AMF will not hesitate to add them to a blacklist. The AMF has the power to block their websites to prevent access from any resident of France.
In one example of how fast the system moves to shut down non-compliance, the AMF banned binary options trading for France FOREX brokers and within three years of the announcement had closed down over 138 illegal binary options and foreign exchange Websites. As such, many of the common FOREX trading scams perpetuated by illicit websites swiftly get identified, reported and shut down.

A regulated broker adheres to a stringent set of guidelines and operational standards, designed to ensure transparency, security, and integrity in all transactions. Electing to trade with an unregulated broker amplifies the risk of financial loss, fraud, and exposure to unethical practices. For a list of the best regulators, read our article here.

Will Your Money Be Protected if Your Broker Becomes Insolvent?

The AMF takes a keen interest in how French traders are treated by FOREX brokers and financial services firms of all kinds. If you have a genuine grievance and can prove that you were defrauded by an AMF-licensed broker, you are eligible for compensation of up to $200,000. The same applies to broker insolvency. You must lodge a complaint with the AMF to get the process started.

The Dos and Don’ts of FOREX Brokers

One of the first things a new FOREX trader ought to do is to check the extent to which the FOREX company abides by the rules and regulations governing its operation. Emphasis must be placed on what it can and cannot do.
There are seven things brokerage firms cannot do:
The FOREX brokerage firm cannot recommend a buy or sell;
  1. The FOREX brokerage firm must not provide price or market expectations (rise/fall);  
  2. The FOREX firm cannot control your financial dealings (deposit/withdrawal);
  3. The FOREX brokerage firm should not “manage” your portfolio under any circumstance;
  4. The FOREX brokerage firm cannot grant a client a bonus unless clear terms are guiding it beforehand;
  5. The brokerage firm must not use bank accounts not under its name; and
  6. FOREX brokerage firms cannot have or offer the service of account managers.
In short, the role of brokerage firms is strictly confined to facilitating buyers and sellers to come together toward an agreed-upon commission. FOREX brokerage firms that violate any of the seven rules should be avoided.   

Who is Arincen and What Do We Do?

Put simply, Arincen is a social networking platform that brings together traders and experts to exchange expertise and ideas. We evaluate the best FOREX companies in the world while offering a comprehensive suite of services and tools, all in one place, either via a computer or a mobile app. The platform is so rich, that you can create your own private portfolio of traders and experts you like and, at the same time, follow their recommendations and investment sentiments.            
Further, thanks to Arincen, users can keep an eye on market-price developments, as well as the latest news. Users can also benefit from the network’s educational courses on offer, to say nothing of exciting webinars – all done in a modern and fast-paced work environment. Get all that you need in one place. Our motto at Arincen: We Meet to Simplify the Trading World.    

Conclusion

Choosing from the long list of the best FOREX brokers in France is not a small task. It is a hyper-competitive market and if you don't pay attention, you can easily miss the false claims made by some brokers.
As always, our key message when looking through the best FOREX brokers is that the trading company you pick must be legally licensed and well-regulated. Remember, some regulation is far better than no regulation. A regulated broker has no choice but to deal with you in good faith and adopt the best practices set out by the regulator, such as those around leverage and negative balances. As your search continues, remember to refer back to this article to remind yourself about the broker features you must look out for. Above all, happy trading!

Arincen’s Review Methodology

The team at Arincen collected more than 120 pieces of data covering in excess of 100 licensed FOREX companies. Data collection was conducted in three ways:

  1. Companies’ Websites.

  2. Other Websites that have ranked FOREX companies.

  3. A survey questionnaire (referred to here as Survey “1”) was sent to the companies invited to participate in the exercise. We have identified 13 criteria for our assessment, each containing several aspects and carrying its relative weight. These include licensing, deposits and withdrawals, number of assets, etc.     

Afterwards, we validated the data by:

  1. Registering with FOREX companies as a secret shopper and/or as Arincen.

  2. Survey number “2,” in which we asked these companies’ customers for important feedback and experience.

The next step saw us evaluate and rank each company, relying on the hard work of 15 Arincen employees. We were very careful in ensuring the most accurate assessment possible, including considering different languages, as well as the various mobile-app operating systems, e.g., Apple, Samsung, etc.

To add credibility to our research project, we sent a final and third survey (referred to here as Survey “3”) to enable participating FOREX companies to evaluate our own research and whether it accurately reflects the realities on the ground. We were fortunate enough to receive a mark of 9.9 out of 10! We have kept to a minimum the margin of error, which stood at a measly 1%. To learn more about how we came up with the evaluation, please click here.

Forex Risk Disclaimer
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could 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.

FAQ

Is FOREX trading legal in France?

Yes, FOREX trading is legal in France. Brokers must be licensed by the AMF and must provide guaranteed stop losses and negative-balance protection, all the while abiding by strict leverage guidelines.

What is FOREX?

The FOREX market is where global currencies are traded and exchanged. It is a large and fast-moving market that requires sophisticated and up-to-date tools if you are to participate. The market operates 24 hours a day and five days a week (Monday through Friday), except international holidays.

What is FOREX trading?

FOREX trading is all about buying and selling different currencies for a profit. FOREX trading was started by large institutions with professional traders. Nowadays, with the advent of personal computing and a range of online brokers from which to choose, retail FOREX trading has taken off in a big way.

What costs and commissions are associated with FOREX trading?

To understand FOREX, you first need to get to grips with the spread, which represents the difference between the buying price and the selling price. You may also have to pay a commission on each trade, which is another way for FOREX traders to make money.

How important is good customer service in FOREX trading?

As high market availability is key to FOREX trading, you must pick a brokerage firm that is able to provide good customer support around the clock. Company representatives must be easy to reach, well-trained and knowledgeable enough to be of use in times of difficulty.

Is FOREX trading taxable in France?

In short, yes, FOREX trading is taxable in France. However, it is difficult to gain definitive guidance on how French authorities deal with taxation of FOREX trading earnings, which is why we would encourage you at the outset to consult a tax expert. The tax rate for capital gains from securities in France is roughly 36%. FOREX is considered one such security, meaning that traders must be prepared to pay that amount of tax as a guideline.
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