In order to trade successfully, it is very important to choose the right broker. in France, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best crypto brokers for beginners in France 2024. You can compare their features and trading conditions.
1
TeleTrade - Best for beginners in France
TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.
👍 Advantages of trading with TeleTrade for traders from France:
•detailed analytical section;
•informative educational section.
👎 Disadvantages of TeleTrade for traders from France:
•no PAMM accounts or other money management options;
•a small range of trading instruments;
•few withdrawal options;
•support is available 24/5;
•withdrawals delayed;
•technical support responds slowly;
•sometimes it takes a long time to verify data.
2
Bybit - Best for beginners in France
Bybit is a leading cryptocurrency exchange specializing in derivatives trading. Its proprietary trading platform is user-friendly but caters primarily to experienced traders who are comfortable with advanced financial instruments. Integration with TradingView provides seamless market analysis and trade execution.
Bybit allows highly leveraged trading of up to 100x with a clear and transparent fee structure. For those seeking alternative investment strategies, Bybit offers copy trading programs for both derivatives and spot markets, enabling users to automatically replicate the trades of successful investors.
The exchange provides 24/7 customer support, a safe banking environment, and instant deposits/withdrawals. Additionally, Bybit offers a crypto debit card, allowing users to spend their digital assets on everyday purchases.
👍 Advantages of trading with Bybit for traders from France:
•It has a convenient, intuitive proprietary trading platform that is presented in the browser version, which eliminates conflicts with the operating system and braking when sending orders;
•Integration with TradingView allows users to simplify crypto market analysis and trading via a single platform;
•Combination of futures and perpetual contracts trading;
•There is an order book that allows you to assess the depth of the market and current trading volumes;
•It has a minimum entry threshold. The cost of a BTC/USD futures contract is USD 1;
•It is possible to open long and short positions with subsequent mutual recalculation.
👎 Disadvantages of Bybit for traders from France:
•It has conditions for trading futures that are difficult for beginners, such as the formula for calculating the leverage, the terminology of the funding size and the premium index, funding rates, etc.;
•Lacks a mechanism to protect the interests of traders in the event of controversial issues;
•The mechanism of classic cryptocurrency trading is almost undeveloped. Only USDT, ВТС, and ЕТН are available for purchase.
3
MEXC - Best for beginners in France
The MXC cryptocurrency exchange (MXC.com) has been operating since 2018. The company is registered in Singapore, which is a loyal digital asset jurisdiction. The platform offers clients trading and P2P exchange services. The main specialization of the trading platform is to provide clients with crypto/crypto trading services with currencies such as Bitcoin (BTC), Ethereum (ETH), and Tether USD (USDT). The undoubted bright side of the platform is access to cryptocurrency ETF funds.
👍 Advantages of trading with MEXC for traders from France:
•120+ cryptocurrencies for trading;
•receive additional income through staking and holding;
•an affiliate program with income up to 80% of the deposit of the invited trader.
👎 Disadvantages of MEXC for traders from France:
•commissions of 0.2% per trade;
•withdrawal fees (0.0005 BTC for Bitcoin);
•lack of support for fiat currencies for trading;
•no MAM or PAMM accounts;
•mandatory verification.
4
SimpleFX - Best for beginners in France
The SimpleFX broker was registered in the state of Saint Vincent and the Grenadines in 2014 and provides services to traders globally. A distinctive feature of this company is that the broker provides its clients with the opportunity to open accounts and withdraw funds in cryptocurrency. The SimpleFX broker is registered as an international financial company (IBC), but its activities are not subject to the financial regulator. At the moment, there are no awards in the SimpleFX asset.
👍 Advantages of trading with SimpleFX for traders from France:
•the ability to open an account in cryptocurrency;
•the minimum deposit amount is $1;
•its trading platform is the Metatrader 4.
👎 Disadvantages of SimpleFX for traders from France:
•the inability to withdraw funds to a bank card;
•no multilingual technical support;
•the broker doesn't have a financial regulator;
•the broker provides only one account type.
5
Deriv - Best for beginners in France
Deriv is a brokerage company that started its activities in 1999. Deriv's mission is to make trading accessible. For this reason, the company has low minimum deposit requirements, but high-quality working conditions. DTrader is one of the broker's several proprietary trading platforms. Two others are Deriv bot and Deriv MT5. Deriv offers its clients to trade Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. Deriv is an international broker licensed and regulated by the following bodies: Vanuatu Financial Services Commission (VFSC, 14556), Malta and Labuan Financial Services Authority (MFSA, 71479 and Labuan FSA, MB/18/0024), BVI FSC (SIBA/L/18/1114). The rights of traders are guarded by the Financial Commission, of which Derive is also a member.
👍 Advantages of trading with Deriv for traders from France:
•Low level of the minimum deposit.
•A wide range of payment agents for replenishment of the deposit and withdrawal of earned funds.
•Availability of trading instruments of different groups: currency pairs, stocks, indices, metals, etc.
•Broker regulation by several authorities from different countries.
•Round-the-clock client support.
•Choice of three convenient trading platforms.
•No commission for maintaining a trading account and using its platforms.
👎 Disadvantages of Deriv for traders from France:
•The tutorials provided on the site may not be enough for novice traders.
•Deriv has only a few ways to contact support.
•The broker does not serve clients from several countries, such as the USA, Canada, Malaysia, Israel, and others.
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
TeleTrade Commissions and Fees
Our analysts analyzed the broker’s trading and non-trading fees. The first was the company's spread, the second was additional fees for withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard ECN |
$17 |
No |
|
Professional NDD |
$9 |
No |
|
Sharp ECN CENT |
$2 |
No |
|
Cryptocurrency account |
$3 |
No |
Bybit Commissions and Fees
The Traders Union experts analyzed the Bybit platform documents regulating the trading conditions for differentiation of commissions. The commission depends on which category is assigned to the trader: Maker or Taker. The Taker commission is 0.075%; whereas the Maker commission is 0.025%.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
From $ 20 |
No |
MEXC Commissions and Fees
The experts at Traders Union analyzed the policy of commissions of the MXC.com cryptocurrency exchange. The platform offers a single commission for all traders. It is fixed at 0.2% per trade. This commission is applied regardless of the trading volume or other trading metrics of the trader. There are also withdrawal fees on the platform. Deposits and withdrawals are carried out only using cryptocurrencies, and each type of digital asset has its own commissions and limits.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
0.2% |
Yes |
SimpleFX Commissions and Fees
The SimpleFX broker was analyzed by the Traders Union experts for any hidden commissions. The broker charges commissions: when withdrawing money to the FasaPay e-wallet in the amount of 1% of the withdrawal amount, and when withdrawing money to Skrill and Neteller – 3%. When withdrawing money to personal wallets in cryptocurrency, no commission is charged.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
from $9 |
1% when withdrawing money to the FasaPay e-wallet; 3% when withdrawing money to Neteller or Skrill |
Deriv Commissions and Fees
Deriv was analyzed by the experts at the Traders Union to establish the amounts and types of fees that the broker charges its clients. It was not possible to establish exact data on the size of the spread because Deriv offers a fixed commission and a floating spread, so the commission size for different assets and different types of accounts may differ. There are no fees for maintaining a trading account, however, for inactivity, the broker may charge an additional commission. Withdrawing funds and replenishing an account with Deriv are free. Any commission, in this case, is set by the payment agent. No hidden fees were found.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Real account |
From $1 |
Yes - established by trading platform and payment system |
Summary
Many brokers are available for traders from France, but not all of them offer good conditions. In this review, TU experts chose the Best crypto brokers for beginners in France 2024. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Crypto Brokers For Beginners in France
| TeleTrade | Bybit | MEXC | SimpleFX | Deriv | |
|---|---|---|---|---|---|
|
Overall score |
8.92 |
9.8 |
9.68 |
6.48 |
8.42 |
|
Execution of orders |
3.21 |
9.62 |
8.5 |
3.43 |
9.55 |
|
Investment instruments |
6.7 |
6.26 |
3.28 |
3.05 |
8.73 |
|
Withdrawal speed |
7.79 |
8.28 |
9.02 |
7.43 |
9.54 |
|
Customer Support work |
8.41 |
7.52 |
7.25 |
5.9 |
5.94 |
|
Variety of instruments |
8.75 |
9.41 |
7.1 |
8.02 |
9.27 |
|
Trading platform |
8.29 |
8.09 |
6.98 |
4.92 |
7.82 |
|
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FAQ
How much money do I need in order to start working in the financial markets?
The initial capital depends on the assets you plan to trade. However, in the majority of cases, $300-500 is a good amount for a start.
What factors are important when you are choosing a broker?
When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
Best Crypto Brokers For Beginners by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.