Best оnline Forex brokers in France

Top Forex Brokers Reviews

1

9.4/10

Go to broker

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

Minimum deposit:

$50, $100 (for UK clients)

Bonus for deposit:

0%

Regulation:

CySEC, FCA, ASIC

Review

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA. eToro Profile Details

Pros/Cons

•the minimum transaction amount for copying is $1;

•handy functionality for passive investing;

•regulated by independent monitors;

•it is possible to purchase contracts for fractional shares (that is, to invest amounts less than the cost of one share);

•it is possible to buy shares at once (not CFDs) on the US stock exchanges.

•high spreads;

•periodic technical failures in order execution;

•lack of the most popular platforms such as MetaTrader 4 and MetaTrader 5 in Europe and the CIS;

•no access to ECN systems, orders are processed only according to the STP (straight-through processing) scheme with access to specific liquidity providers;

•there is a commission for withdrawing funds;

•impolite support staff;

•inconvenient website.

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2

9.2/10

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Minimum deposit:

$1

Bonus for deposit:

0%

Regulation:

FCA, BaFin, ASIC, MAS, CySec, FINMA, BMA, CFTC, NFA

Review

IG Markets has been providing brokerage services for retail traders since 2014. It was established in 1974 in London to work with professional traders. It is a part of the IG Group with representative offices in 17 countries. IG Markets stocks are traded on the London Stock Exchange as a part of the FTSE 250 index. The broker is regulated by FCA (Financial Conduct Authority | the UK), CySec (Cyprus Securities and Exchange Commission), ASIC (Australian Securities and Investments Commission), BaFin (the Federal Financial Supervisory Authority | Germany), FINMA (Swiss Financial Market Supervisory Authority), and NFA (National Futures Association). The IG Group global representative office is supervised by BMA (the Bermuda Monetary Authority). The broker provides services of trading Forex and different CFDs through MetaTrader 4 and its in-house platforms for retail and professional traders.

Pros/Cons

•Regulated activities and participation in compensation funds;

•No minimum deposit requirements when opening an account with the international division;

•Leverage is available for trading currencies and CFDs;

•Wide range of trading assets and markets;

•Fee rebates for new and active existing clients with large trading volumes;

•Floating spreads from 0.6 pips for retail Forex traders;

•Bonuses for new clients and partnership programs for different client categories.

•The broker can reject opening accounts to traders with low capital or insufficient knowledge of derivatives trading;

•Deposits and withdrawals can’t be made with e-wallets, electronic payment systems, or cryptocurrencies;

•Trading conditions differ for various countries, so you have to look for the broker’s website in your country.

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3

9.1/10

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Minimum deposit:

$1

Bonus for deposit:

0%

Regulation:

–

Review

MEXEM is an investment company and an Interactive Broker and introducing broker (IB) that is licensed by CySEC. The company started its activity in 2018 and has a Cyprus registration. For trading, it offers a desktop platform from Interactive Brokers, as well as a web portal and proprietary mobile apps. The available assets include stocks (whole and fractional), funds, futures, options, and bonds. This broker also allows you to trade FX currency pairs and contracts for differences (CFDs) in prices, i.e., derivatives. MEXEM ensures the highest level of security for client funds and takes a responsible approach to fulfilling all contractual obligations for brokerage services.

Pros/Cons

•The company is monitored by several regulators and holds a license from the Cyprus Securities and Exchange Commission (CySEC).

•A wide range of markets and financial instruments, including stocks and derivatives.

•Low fees for trades with American stocks and ETF funds.

•Support for fractional stock trading.

•Ability to use margin to increase the return on investment.

•No fees for deposits, account maintenance, or the first withdrawal in each month.

•Free advanced analytics from Trading Central, fundamental data, news, forecasts, and trading ideas on various markets.

•The only way to deposit and withdraw funds is through a bank transfer, which is the slowest and most expensive method of sending and receiving payments.

•Because the broker doesn’t provide educational materials, a potential client with no trading experience should consult third-party websites.

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4

8.9/10

Go to broker

Your capital is at risk.
You can lose your money.

Minimum deposit:

$10

Bonus for deposit:

0%

Regulation:

FCA, CySEC, FSA (Seychelles), FSCA, BVI FSC, FSC (Mauritius), CBCS, and CMA

Review

Exness is one of the world’s largest brokers, known for its competitive trading conditions, high security, and wide selection of assets. The company serves over 700,000 active clients and processes a monthly volume exceeding $4 trillion.
While specializing in currency pairs, Exness also offers CFDs on stocks, commodities, indices, and cryptocurrencies. The broker caters to all experience levels with various account types – from cent accounts and social trading for beginners to high leverage and Expert Advisor support for seasoned professionals.
Exness holds multiple international licenses, including the stringent FCA and CySEC, ensuring trader funds are protected.
With features like 24/7 support, fast withdrawals, and analytics tools, Exness strives to provide an optimal trading experience.

Pros/Cons

•Availability of 8 licenses and a membership in the Financial Commission with its own compensation fund to insure traders against losses;

•Wide choice of account types — Standard, Pro, Cent, Swap Free, and Demo;

•Wide range of CFDs, including over 100 currency pairs;

•Zero deposit and withdrawal fees;

•Proprietary platforms for active and social trading, as well as all versions of classic MT4 and MT5.

•The broker’s website offers almost no educational materials;

•24/7 support isn’t available in all languages.

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5

8.7/10

Go to broker

Your capital is at risk.

Minimum deposit:

$100

Bonus for deposit:

0%

Regulation:

ASIC, SCB, CySEC, FCA

Review

Eightcap is a leading Forex and CFD broker, offering over 800 trading instruments, including currency pairs, cryptocurrencies, indices, stocks, and commodities. With tight spreads starting from 0 pips, leverage up to 1:500, and no withdrawal fees, Eightcap provides a competitive trading environment. The broker is regulated by top-tier authorities such as ASIC and FCA, ensuring a secure trading experience.
Comprehensive educational resources, advanced analytics, and innovative functionality such as code-free automated trading through Capitalise.ai and enhanced order execution with FlashTrader distinguish the platform from others.
Though Eightcap does not offer passive income opportunities or joint accounts, it is a popular choice for those seeking a reliable and feature-rich broker.

Pros/Cons

•The broker is registered in the Bahamas and Seychelles, and is regulated by the Securities Commission of the Bahamas (SCB, SIA-F220), ASIC (391441), FCA (921296), CySEC (246/14). Also, it partners with many proprietary firms;

•Traders need to deposit only $100 to open a live account, and the broker imposes few trading limits on its clients;

•Hundreds of the most popular CFDs are available, and the pool is constantly expanding;

•Eightcap provides one of the most profitable trading costs with really tight spreads;

•Almost all options for depositing/withdrawing funds are available and the broker does not charge a withdrawal fee;

•The broker’s clients can work through any of the three top trading platforms, including mobile versions of the MetaTrader solutions;

•The company provides high-quality training, extensive analytics, and its own developments for automated trading.

•No joint accounts, copy trading, referral program, or other options for passive income;

•Eightcap has some regional restrictions. For example, some services are not available in Australia;

•The broker's technical support is efficient and competent, but it is not available on weekends.

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6

8.6/10

Go to broker

Your capital is at risk.
76.5% of retail accounts lose money when trading ᏟᖴᎠs with this provider.

Minimum deposit:

€10

Bonus for deposit:

100%

Regulation:

CySEC

Review

FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.

Pros/Cons

•negative balance protection;

•a large selection of trading instruments;

•the support service works 24/7.

•no cryptocurrency;

•auto copying is not available;

•no PAMM accounts;

•not suitable for short-term trading, such as scalping;

•the support service works in a limited number of languages;

•only two real accounts.

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7

8.4/10

Go to broker

Your capital is at risk.

Minimum deposit:

$25

Bonus for deposit:

50%

Regulation:

FSCA, MISA, CySEC

Review

OctaFX is a reputable broker that offers competitive trading conditions on 300+ instruments, with spreads from 0.6 pips and zero non-trading commissions. The broker provides access to popular MT4/5 trading platforms and a proprietary OctaTrader platform with advanced features.
The company offers bonuses, contests, and a comprehensive education section to enhance traders' skills. With a strong focus on the Asia-Pacific region and a growing global presence, OctaFX has earned numerous awards for its services.
While passive investment options are limited to copy trading, OctaFX's overall trading environment and excellent customer support make it an attractive choice for traders seeking a reliable and user-friendly experience.

Pros/Cons

•Offers proven platforms for trading such as MetaTrader 4, MetaTrader 5.

•Tight spreads from 0.6 pips and no non-trading commissions from the broker for deposits or withdrawals of funds.

•Wide trading opportunities including a variety of assets and access to a service for copying trades.

•Available minimum deposit. To start trading, you need to deposit at least $25 into your account.

•Execution of more than 97% of orders without slippage.

•The ability to choose the type of spread (floating or fixed) on MT4 accounts and MT5.

•Octa provides its own trading platform - OctaTrader with Space, a smart feed with trading ideas and deep analysis. OctaTrader is powered up with price alerts and instant trading notifications.

•Limited choice of investment solutions to generate passive income.

•The list of payment systems changes regularly.

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8

8.3/10

Go to broker

Your capital is at risk.

Minimum deposit:

100$

Bonus for deposit:

0%

Regulation:

FCA, CYSEC, FSCA, SCB

Review

FxPro is a well-established broker offering traders access to over 2,100 financial instruments across multiple asset classes, including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable authorities – FCA, CySEC and others.
The broker stands out with its focus on technology and offers an average order execution speed of 14-30 ms, setting a market benchmark. FxPro also provides an impressive suite of trading tools and educational resources, such as Trading Central analytics. The minimum deposit of $100, however, is higher than some competitors.
With a company capital exceeding 100 million euro, and a track record of reliability, FxPro stands out as a top-tier choice for traders looking for a secure and dynamic trading environment.

Pros/Cons

•Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;

•insurance of client funds at the expense of the broker participation in an investor compensation fund;

•beginner traders will be able to access tested advisors;

•a full package of services is available to the client regardless of the balance of his account;

•VIP account holders are offered a personal manager and get a Free VPS;

•company capital exceeds 100 million euros;

•offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;

•the reliable trading environment provided by the competent educational and research department.

•it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;

•difficulties registering in an affiliate program.

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9

8.1/10

Go to broker

Your capital is at risk.
Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

Minimum deposit:

$200

Bonus for deposit:

0%

Regulation:

ASIC, CySEC, and FSA

Review

IC Markets stands out as a highly reputable broker offering trading with 2,250+ instruments across Forex, stocks, commodities, cryptocurrencies, and more.
The broker provides ultra-fast execution with order speeds up to 40 milliseconds facilitated by its top-tier liquidity partners and processes over $29 billion in Forex trades daily. With a strong focus on active traders, it offers ECN accounts with raw spreads from 0 pips and leverage up to 1:500 (based on which regulator's rules apply to a trader's account). Copy trading is also well-supported through integration with ZuluTrade, cTrader Copy, and other platforms.
IC Markets clients benefit from robust security and regulatory licenses from ASIC, CySEC, and others.

Pros/Cons

•Availability of three licenses;

•Wide range of assets;

•Standard and ECN account types for trading on different platforms;

•Mobile apps for Android and iOS-based devices;

•Scalping, hedging, and algorithmic trading are allowed;

•Minimum delay when executing orders and ultra-fast market execution;

•Competitive trading fees;

•Wide choice of social trading and copy trading platforms;

•24/7 support via live chat;

•Demo accounts on MT4, MT5, and cTrader;

•Swap-free accounts are available for Muslim traders.

•Education materials available on the website are not very informative or diverse;

•Rebates are available outside Australia and the European Economic Area;

•Not all clients are equally protected since compensation for investment is subject to the trader's country of residence.

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Useful Forex Facts & Insights

Top 3 Brokers For Scalping

Scalping is a trading strategy where tight spreads and minimal commissions are crucial for success, as it involves making numerous small profits from short-term price movements. TU has identified 3 forex brokers that support scalping and offer STP/ECN accounts for low-commission trading.

Is Forex trading legit in France?

France offers a well-regulated landscape for Forex trading, prioritizing investor protection and fostering a safe environment for market participants. This security is ensured through a robust framework:

• Trading currencies on the Forex markets is legal in France, provided that the Forex broker who is offering the service has obtained legal authorization from the local regulator, the Autorité des marchés financiers (AMF), or any EU regulator like the CySEC, FCA, Finma or BaFin.

• France adheres to the high regulatory standards set by the European Securities and Markets Authority (ESMA), further solidifying investor protection measures across the European Union.

Key Forex trading rules and limitations in the EU

The past few years have seen an evolution in the methods used by unscrupulous individuals to scam people in the Forex industry. As a result, a shift in how regulators combat such incidents has taken place, resulting in several changes across Forex domains in Europe.

Some new regulations to note include the following:

• Imposing a 30:1 leverage limit on major currency pairs and a 20:1 leverage limit on minor asset pairs. For a long time, the industry has been operating on a leverage limit of 200:1. Such limits intend to prevent traders from trading more than they can afford to lose or handle at a given time.

• Banning binary options and Forex bonuses, which are often fraudulent.

• Increase the bar for transparency and good protection measures against negative balances.

How to start trading Forex in France

TU analysts have created the following guide with every step you need to know to trade Forex in France.

What is the best time to trade Forex in France?

Based on research by a team of experts from the Traders Union, liquidity and price fluctuations are most active on Thursdays and Fridays, while Tuesdays and Wednesdays are most stable.

Trading activity on Mondays mostly depends on various economic factors and statistics published that day. If there are many actions, Tuesday and Wednesday will likely have an equal activity level. Thursdays and Fridays are the most volatile and liquid days.

TU experts were able to specify that the best time of day for Forex trading is between 6.00-12.00 GMT and 18.00-0.00 GMT. This is when the percentage of profitability is at its peak.

Best Forex pairs for clients from France

Trading Forex currency pairs allows you to make a healthy profit, but your experience, risk appetite, and trading strategy will determine the best pairs to trade. Nevertheless, trading major currency pairs like the EUR/USD, GBP/USD and USD/JPY is the best option for beginners, as they are the most actively traded pairs and have high liquidity.

What are the best Forex brokers for beginners in France?

For novice traders in France, beginning with a demo or cent account, or engaging in copy trading, can be an optima method to learn and acquire experience:

• Demo accounts provide a risk-free environment for practicing trading strategies using virtual funds. This allows French beginners to experiment with different strategies and market conditions without risking real capital.

• Cent accounts enable traders to trade with small amounts of actual money, typically measured in cents. This minimizes the financial risk while still offering a genuine trading experience with real market movements.

• Copy trading strategy involves mimicking the trades of experienced traders. By following the actions of successful individuals, French beginners can learn valuable insights and potentially improve their own trading decisions.

Do I pay taxes for Forex trading in France?

Gains from Forex trading in France are subject to capital gains tax. The applicable tax rate depends on your income level and the holding period of your Forex positions:

• Short-term holding (less than 2 years): The standard tax rate falls between 34% and 36.2%. This includes a combination of income tax and social security contributions.

• Long-term holding (over 2 years): A lower tax rate of 12.8% may apply, subject to specific conditions.

Flat Tax on Dividends:

• France also levies a flat tax of 30% on dividends received from investments, including potential dividends generated through certain Forex trading activities.

• This 30% rate comprises an 8% income tax component and 22% social security contributions.

Key Points:

• It's crucial to declare your Forex trading gains and any related dividends on your annual tax return.

• The specific tax implications may vary depending on your individual circumstances and the type of Forex trading activities you engage in.

Note!

It's recommended to consult with a French tax advisor or accountant for personalized guidance regarding your specific situation and potential tax liabilities associated with Forex trading.

Our Methodology

We evaluate and assess each broker using over 100 objective criteria, resulting in an average score for each Forex broker, which characterizes all aspects of its work. We also take into account its trading volume, which we have access to thanks to hundreds of thousands of traders of our Union. We also take into account reviews on brokers by their traders, which we curate on our website. As a result, according to our unique algorithmic matrix, which is applied to all companies, our program impartially calculates the overall average for each company and its position in the rating. This makes our rating system the most objective and independent in the Forex market.

Table of categories of criteria for evaluating Forex brokers