Best Forex proprietary trading companies in France
Best Forex prop trading firm in France is TopStep
TopStep - Best funding conditions overall
FTMO - 44 supported currency pairs
SurgeTrader - Only 1 stage evaluation process
Fidelcrest - Best for experienced traders
E8 Funding - Scaling plan up to $1.000.000
Funded Next - Best in terms of the price points
Earn2Trade - 20+ trading platforms
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Forex proprietary (prop) trading firms are a great way for experienced traders to access large amounts of capital and trade with other experienced traders. However, with so many different firms to choose from, it can be difficult to know which one is right for you.
In this blog post, we will discuss the best Forex proprietary trading firms in France. We will look at factors such as the firm's reputation, trading rules, and fees and provide some tips on how to choose the right prop firm for you.
Is Forex prop trading a good idea in France?
A Forex prop firm provides capital to traders to allow them to trade the foreign exchange market (Forex). In return, the prop firm takes a share of the trader's profits.
Prop firms typically have high standards for entry, requiring traders to pass a rigorous trading challenge or demonstrate their trading skills through a live trading account. Once accepted, traders are provided with a funded account that they can use to trade Forex. The prop firm then takes a share of the trader's profits, typically ranging from 50% to 90%. Read also about the best funded trader programs in France in the TU article.
Here are some advantages of Forex prop trading:
One significant advantage of Forex prop trading is the access to substantial trading capital provided by the prop trading firm. This allows traders to take larger positions and potentially generate higher profits compared to trading with limited personal funds
Prop trading firms typically offer traders access to leverage, which allows them to control larger positions with a smaller amount of capital. Leverage amplifies potential gains, enabling traders to maximize their profitability
Forex prop trading can offer a level of risk reduction compared to trading with personal funds. Prop trading firms often have risk management measures and tools in place to protect both the trader and the firm from excessive losses
Prop trading firms usually provide traders with access to sophisticated trading platforms, advanced analytical tools, and high-speed execution infrastructure. These resources can help traders make more informed decisions, analyze market trends, and execute trades quickly and efficiently
Forex prop trading often involves working within a team of experienced traders and professionals. Traders may receive mentorship and guidance from seasoned professionals, which can enhance their trading skills and knowledge
Here are some drawbacks of Forex prop trading:
Forex trading involves a significant level of risk. While prop trading firms provide access to capital, traders are still exposed to potential losses. If traders incur substantial losses, they may be liable to repay the trading firm for those losses, which can have financial consequences
Prop trading firms often have performance-based compensation structures, where traders earn a percentage of the profits they generate. This can create a high-pressure environment, as traders may feel the need to consistently deliver profitable results. This can increase stress and emotional decision-making, which can negatively impact trading outcomes
Prop traders are typically bound by the rules and guidelines set by the trading firm. These rules may restrict certain trading strategies, impose risk management limits, or require adherence to specific trading hours
Profit-sharing means that a portion of the profits generated by a trader will go to the prop trading firm. This arrangement reduces the total profits that traders can retain for themselves, potentially affecting their overall earning potential
Top 5 prop trading accounts
TopStep
Topstep has established itself as a trusted and innovative leader in the industry. To participate in Topstep's funded account program, all traders begin by completing the Trading Combine stage. This allows you to open a real-time simulated futures account with buying power options of $150,000, $200,000, or $300,000.
During the Trading Combine, you have the opportunity to earn a funded trading account by showcasing consistent profitability and effectively managing risk. Once you qualify, you can trade in real time using Topstep's capital, eliminating the personal financial risk. Impressively, traders can qualify for a funded account in as little as eight trading days, with the amount of funding provided determined by the selected Trading Combine plan.
When it comes to profit withdrawals, you can withdraw the first $5,000 in profits in full, and 90% of any profits exceeding that amount are also available for withdrawal.
Topstep's commitment to trader development is evident through their range of services. They provide instruction from professional traders, offer tools and daily live videos, deliver personalized analytics on performance, and even provide bonuses to traders. Topstep supports a variety of trading platforms, including TradingView, NinjaTrader, Sierra Chart, TSTrader, MultiCharts, and many more. This allows traders to choose the platform that best suits their preferences and trading strategies.
Pricing for Topstep varies depending on the account size. For a $50,000 account, pricing starts at $165 per month. $100,000 accounts cost $325 per month, and $150,000 accounts are priced at $375 per month. Additionally, Topstep offers a 14-day free trial, allowing traders to experience their services before committing.
FTMO
To qualify for a funded trading account at FTMO, you will need to successfully complete a rigorous three-step process designed to evaluate your trading abilities:
Step 1:
FTMO Challenge - In this initial phase, you are required to meet specific profit targets within a 30-day period. The aim is to demonstrate consistent profitability and trading skills
Step 2:
Verification Procedure - After successfully completing the FTMO Challenge, you progress to the 60-day Verification Procedure. During this phase, you must show that you can replicate your trading success from the previous step, further validating your trading abilities
Step 3:
Account Offering - Upon successful completion of the FTMO Challenge and Verification Procedure, FTMO will contact you with an offer to trade their capital. Account sizes range from $10,000 to $400,000, providing traders with opportunities at different funding levels
One notable strength of FTMO lies in its focus on currencies, making it an excellent choice for traders interested in Forex trading. With FTMO, you have access to trade 44 currency pairs and 10 cryptocurrencies. Additionally, you can also trade cash indices, commodities, and stock CFDs, diversifying your trading portfolio.
FTMO supports the three most popular Forex trading platforms, namely MetaTrader 4, MetaTrader 5, and cTrader, offering free versions for traders to utilize.
The participation fee varies depending on the account size. For instance, the fee for the 10k account starts at 155 EUR, while the 25k account is 250 EUR, the 50k account is 345 EUR, the 100k account is 540 EUR, and the 200k account is 1,080 EUR. Traders receive capital ranging from $10,000 to $400,000 and benefit from an 80/20 profit split, where they receive 80% of the profits they generate with the provided capital.
Furthermore, FTMO offers a Scaling Plan for funded accounts, allowing traders to enhance their Profit Split in their favor. This plan enables profit splits of up to 90:10, favoring the trader, for account sizes up to $2,000,000.
SurgeTrader
SurgeTrader is an excellent choice for Italian traders looking for the leading prop firm. This prop firm offers a competitive profit split up to 75% to funded traders who meet their trading criteria. Unlike many other prop trading entities, SurgeTrader follows a streamlined evaluation process with only one phase.
Traders of all skill levels can select from six different packages offered by SurgeTrader. The Starter Package, ideal for beginners, provides $25,000 in instant funding and sets a 10% profit target. With a maximum trailing drawdown of 5%, this package offers a more conservative approach.
On the other hand, the Master Package, which is the highest-tier account, comes with a funding size of up to $1 million and a 75% profit split. It sets a 10% profit target, a four-percent daily loss limit, and a five-percent maximum trailing drawdown. This package is suitable for experienced traders.
SurgeTrader provides a wide variety of tradable securities, including cryptocurrencies, gold, and popular stock indices. Traders have the flexibility to leverage up to 1:20, allowing them to amplify their trading positions.
To become a part of SurgeTrader, all clients are required to undergo evaluations. The SurgeTrader Audition process consists of a single phase, and there is no specific requirement to earn over 10% of your account balance to pass the audition.
The audition fees range from $250 (Starter package) to $6,500 per account, and there is no limit to the number of times you can take the audition. Payments and withdrawals can be made conveniently using credit/debit cards and PayPal.
Fidelcrest
With more than 6,000 traders worldwide, Fidelcrest has a strong reputation. The company offers performance coaching, million dollar account sizes, and up to a 90% profit split. During a limited time, Fidelcrest is also offering three bonuses, including a second chance challenge, fast track qualification, and double assets.
With Fidelcrest, you can trade real capital, with the industry’s highest profit split. Fidelcrest will invest real money after your two phases of evaluation.
In terms of tradeable assets, Fidelcrest also stands out. In addition to forex, you can also trade, commodities, indices, and stock shares.
Fidelcrest is one of the prop firms that pays you a commission during the evaluation process. You can receive up to 50% of your earnings after you pass the second evaluation stage. As a funded Findelcrest trader, you’ll make an additional 80-90%.
The number of account options Fidelcrest offers is unmatched by any other company. There is an account that will meet your needs regardless of your risk tolerance, trading strategy, level of experience, or budget. There are three types of accounts: Pro Accounts, Aggressive Accounts, and Micro Accounts. You can open an account with funding of $10,000, all the way up to an account worth $1 million.
E8 Funding
Another top Forex prop firm in France that offers traders an opportunity to trade Forex and CFDs is E8 Funding. This prop firm is well-known for its distinctive funding options, approachable trading environment, and accessibility to tier-1 liquidity.
The profit split is up to 90%, and traders can cash out after eight days of successfully managing a funded account. There is no minimum requirement for trading days, and traders can raise the drawdown by 1% with each withdrawal up to a maximum of 14% overall.
E8 typically allows French clients to trade without having to risk their own money. They are among the prop companies with which to secure funding quickly. Each evaluation phase has a unique charge that is applied to variously funded trader accounts.
Traders can access the desired account size by completing the 2-phase evaluation process. Additionally, a trader can manage an E8 Track Funded account with up to $250,000 thanks to a special 3-phase evaluation.
E8 funding offers accounts with balances ranging from $25,000 to $250,000 that can be increased to $1 million. There are no ongoing fees; only the initial fee of $138 (based on the type of account) is charged.
E8 funding provides a huge selection of trading pairs, FX majors & minors, and stocks. An E8 account, which provides traders with the highest payouts available by any company in the industry, offers traders the most profitable trading conditions.
Are international prop trading firms legit in France?
In France, the regulation of prop trading firms and their activities is overseen by the Autorité des Marchés Financiers (AMF), a financial markets regulator. The AMF regulates investment services providers, including prop trading firms, to ensure compliance with applicable laws and regulations.
In general, Forex trading firms can operate in France if they meet the AMF’s regulatory requirements. These firms need to adhere to specific licensing, registration, and compliance procedures to ensure they are legal and legitimate.
Factors to consider regarding the legality and legitimacy of Forex prop firms in France include:
Prop trading firms operating in France must obtain proper authorization from the AMF to offer their services to clients in the country. The AMF ensures that these firms comply with regulations related to capital requirements, risk management, transparency, investor protection, and more
The Markets in Financial Instruments Directive (MiFID II) is a European Union (EU) regulation that governs EU investment services. Forex prop trading firms operating in France must comply with the provisions of MiFID II, which includes requirements for transparency, investor protection, reporting, and more
Prop trading firms operating in France must also adhere to regulations that protect client funds and ensure fair treatment of clients. This includes maintaining segregated client accounts, providing clear disclosure of risks and fees, and following best practices for handling client assets
How to choose a prop trading account in France?
When choosing a prop trading account in France, traders should consider several factors including:
Verify that the prop trading account and the firm offering it are regulated and authorized by the AMF. Check the firm's registration or authorization status with the AMF to ensure it operates within the legal framework
Research the reputation of the prop trading firm. Look for reviews, testimonials, and feedback from other traders to gain insights into their experience with the firm
Understand the capital allocation and leverage provided by the prop trading account. Assess the amount of capital available for trading and the leverage ratios offered
Evaluate the trading costs and fees associated with the prop trading account. This includes commissions, spreads, financing costs, and any other charges. Compare the fee structure with other prop trading firms to ensure competitive and transparent pricing
Review the risk management and compliance policies of the prop trading firm. Understand the risk controls, position sizing limits, and risk management tools they have in place to protect traders from excessive losses. Additionally, assess their compliance procedures and protocols to ensure they follow regulatory requirements
Determine the range of asset classes and instruments available for trading through the prop trading account. Consider whether the account offers access to Forex, stocks, commodities, futures, options, or any other instruments you are interested in trading
Evaluate the level of support and training provided by the prop trading firm. Look for firms that offer educational resources, training programs, mentoring, and access to experienced traders
Understand the withdrawal policies and procedures of the prop trading account. Review the terms and conditions related to fund withdrawals, including any restrictions, fees, or processing times
Is prop trading in France free?
Here is a detailed breakdown of the potential costs and fees associated with prop trading in France:
Prop trading firms often charge trading commissions for executing trades on behalf of traders, typically a percentage of the trade value or a fixed fee per trade. The commission structure may vary depending on the prop trading firm and the specific trading account
When trading Forex or other financial instruments, traders encounter bid-ask spreads. The spread represents the difference between the buying price (ask) and selling price (bid). Traders should be aware that they will incur costs in the form of spreads, which are a component of the transaction cost
If traders engage in leveraged positions and hold them overnight, they may be subject to financing costs, also known as overnight interest or swap rates. These costs are associated with the borrowing or lending of funds required to maintain leveraged positions. The financing costs vary depending on the currency pair and the interest rate differentials between them
Some prop trading firms may charge platform fees for providing access to their trading platform and technology. These fees can be either a monthly subscription fee or a fee per trade
Traders may need to pay fees for accessing real-time market data and news feeds. These fees can vary depending on the data provider and the level of market data required
Some prop trading firms may require traders to provide a risk deposit or make a capital contribution. This is a sum of money that serves as collateral and provides a buffer against potential trading losses. The risk deposit or capital contribution may be returned to the trader upon the termination of the trading relationship, subject to certain conditions
Traders should review the prop trading firm's policies regarding fund withdrawals. There may be fees associated with withdrawing funds from the trading account. These fees can vary and may be charged as a fixed fee or as a percentage of the withdrawn amount
Traders should be aware of the tax implications associated with prop trading in France. Depending on the trader's individual circumstances and the nature of the trading activity, there may be tax obligations, such as income tax or capital gains tax, that need to be considered
Methodology for compiling our ratings of prop firms
Traders Union applies a rigorous methodology to evaluate prop companies using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
Trader Testimonials and Reviews. Collecting and analyzing feedback from existing and past traders to understand their experiences with the firm.
Trading instruments. Companies are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Challenges and Evaluation Process. Analyzing the firm's challenge system, account types, evaluation criteria, and the process for granting funding.
Profit Split. Reviewing the profit split structure and terms, scaling plans, and how the firm handles profit distributions.
Trading Conditions. Examining leverage, execution speeds, commissions, and other trading costs associated with the firm.
Platform and Technology. Assessing the firm's proprietary trading platform or third-party platforms it supports, including ease of use, functionality, and stability.
Education and Support. Quality and availability of training materials, webinars, and one-on-one coaching.
FAQs
What are the best Forex prop firms in France?
Is prop trading legal in France?
Prop trading is legal in France. It is regulated by the Autorité des Marchés Financiers (AMF), the financial markets regulator in the country. Prop trading firms operating in France are also subject to regulatory requirements, including compliance with Markets in Financial Instruments Directive II (MiFID II) regulations and investor protection measures, to ensure a transparent and fair trading environment.
How can traders withdraw funds from a prop trading account?
Traders can typically withdraw money from a prop trading account by submitting a withdrawal request through the trading firm's designated process, which may involve filling out a form or submitting an online request. The withdrawal is typically processed by the prop trading firm's back-office team, who verify the request and initiate the transfer of funds.
Is prop trading difficult?
Prop trading can be challenging due to the inherent risks and competitive nature of the industry. It requires a high level of skill, discipline, and market knowledge to navigate the complexities of trading successfully. However, with dedication, expertise, and the ability to adapt to market conditions, it is possible to achieve profitability and success in prop trading.
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Team that worked on the article
Thomas Wettermann is an experienced writer and a contributor to the Traders Union website. Over the last 30 years, he has written posts, articles, tutorials, and publications on several different high tech, health, and financial technologies, including FinTech, Forex trading, cryptocurrencies, metaverses, blockchain, NFTs and more. He is also an active Discord and Crypto Twitter user and content producer.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).