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 online brokers for beginners in France 2024. You can compare their features and trading conditions.
1
eToro - Best for beginners in France
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.
👍 Advantages of trading with eToro for traders from France:
•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
•An opportunity to combine active trading with social trading and passive investing.
•Zero-fee trading of a number of stocks.
•Access to ready-made diversified asset portfolios with various risk levels.
•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
•Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro for traders from France:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
2
DEGIRO - Best for beginners in France
DEGIRO is a Dutch investment company operating since 2008. The broker has been providing online services since 2013. Today DEGIRO is headquartered in Amsterdam and has offices in 18 European countries. Its activities are controlled by the Financial Conduct Authority (FCA, 574048), as well as regulators in the Netherlands: Financial Markets Authority (AFM, 12048408) and Central Bank (DNB, R128868). DEGIRO was awarded over 86 international awards: financial publications of Germany, France, Denmark, and the Netherlands have repeatedly recognized the company as the best stock market broker. How to open a DEGIRO account
👍 Advantages of trading with DEGIRO for traders from France:
•Low brokerage fees for trading stock market assets;
•The ability to open transactions on European and American exchanges;
•Simple trading platform functionality.
👎 Disadvantages of DEGIRO for traders from France:
•There is no online chat on the company's website.
3
Fidelity - Best for beginners in France
Fidelity Investments is a large American financial services company. It was founded in 1946 by American businessman and lawyer Edward Crosby Johnson II. It provides services to traders in trading securities and commodity assets and allows investors to invest in mutual funds and investment funds, form portfolios for a variety of instruments, including bonds and annuities with fixed income. The company has received several awards: according to Barron's, Investors Business Daily, Kiplinger, and Stock Brokers. Fidelity Investments is recognized as the best online broker of 2020.
👍 Advantages of trading with Fidelity for traders from France:
•availability of its own trading terminal for active trading, Active Trader Pro, with advanced analytics from experts and a wide range of technical analysis tools;
•no brokerage fee for consulting services with an account balance of up to $10,000, and only $3 if a larger deposit is made;
•there is the possibility of individual planning for investors, while the cost of the service is 0.5% of the size of the deposit for each month of use.
👎 Disadvantages of Fidelity for traders from France:
•lack of localization;
•there are no active bonus programs; nor is there an opportunity to receive additional profit for attracting new customers;
•margin trading is possible if the account balance exceeds 250 thousand dollars;
•the demo account is limited in functionality and involves working only with investment portfolios.
4
Lightspeed - Best for beginners in France
Lightspeed is an American stockbroker for experienced investors. The company is overseen by the US Securities and Exchange Commission (SEC, 0001122636 ), the US Financial Industry Regulatory Authority (FINRA) and NFA (0330872). The SIPC, the Securities Investor Protection Corporation, is responsible for compensating Lightspeed customers in the event the broker files for bankruptcy. Lightspeed specializes in providing investors with access to the stock markets, offering multi-ownership accounts and instant order execution.
👍 Advantages of trading with Lightspeed for traders from France:
•A wide selection of trading platforms for the different needs of a trader.
•The ability to test the trading conditions of the broker without financial risks, on a virtual account.
•The company offers accounts for trading different assets and with different forms of ownership.
•A Lightspeed customer can earn additional income by participating in the affiliate program.
•Basic training materials for working on the Lightspeed platforms are available on the broker's website
👎 Disadvantages of Lightspeed for traders from France:
•Expensive minimum deposits.
•Lack of investment programs and other ways to generate passive income.
•The broker charges clients a commission for non-trading operations like holding positions, closing an account, maintaining an account, etc.
5
Infinity Futures - Best for beginners in France
Infinity Futures is an American broker that specializes in futures and micro-futures trading. The broker is regulated by the US Commodity Futures Trading Commission (CFTC, 0339976), and there is no cooperation with compensation funds. The company's clients have access to commodity, foreign exchange, energy futures, as well as interest rate futures and stock indices.
👍 Advantages of trading with Infinity Futures for traders from France:
•Free demo account.
•A wide range of trading accounts for individual and joint trading.
•The broker's trading conditions give advantages to traders who choose a scalping strategy.
•The company holds weekly online lectures on the topic of trading.
•Regardless of the level of professionalism, the user can get access to professional sources of market data.
👎 Disadvantages of Infinity Futures for traders from France:
•There are no bonuses and no affiliate program.
•In the case of bankruptcy of the broker, financial compensation for traders is not provided.
•The company does not provide an opportunity to replenish the account and withdraw funds through electronic payment systems.
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.
eToro Commissions and Fees
Registration on the eToro platform is free. The broker does not charge a fee for opening and closing long positions on stocks quoted at the US stock exchanges. The stocks of other markets are available as derivatives, with eToro charging a trading fee on them in the form of the spread. Also, the fees are applied to short positions and leveraged orders. The company accepts and allows withdrawals of only US dollars. If a client deposits or withdraws another currency, it is converted into USD at a fee of 0-50 pips. Members of eToro club get a 50-100% fee reduction on conversion. If a client shows no activity for a period of 12 month, the broker charges the inactivity fee of $10. There is no deposit fee. eToro charges $5 on each withdrawal.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
$5 |
Yes |
|
Pro |
from $1.1 |
$5 eToro’s fee + the fees of payment systems |
DEGIRO Commissions and Fees
DEGIRO trading terms were analyzed by Traders Union analysts for the explicit and hidden commissions. There is a fee for buying and selling instruments, as well as tax on income from dividends. All DEGIRO Fees for trading stock market assets are listed in the Compare Fees section. There is also a comparison of fees between DEGIRO and other stock brokers. The company doesn’t charge a commission for funds replenishment and withdrawal, but it is charged by the bank making the transfer. DEGIRO has no commission for opening and maintaining accounts.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
All the accounts for trading in the stock market. |
1.5$ |
There is a bank commission |
Fidelity Commissions and Fees
The size of commissions for this broker varies depending on the traded instrument and for all types of accounts, ranging from 0 to 0.03% from every $1000 of turnover, plus $0.65 for each option contract. When trading medium-term and long-term US government bonds, a brokerage fee of $19.95 to $250 is charged for the entire volume of the trade. For Treasury securities maturing within a year, the commission is a maximum of $50.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Traditional IRA |
From $2 |
No |
|
Rollover IRA |
From $2 |
No |
|
ROTH IRA |
From $2 |
No |
|
Brokerage Account |
From $2 |
No |
|
Brokerage and fund management |
From $2 |
No |
|
Account «529» |
From $2 |
No |
|
Fidelity Go |
From $2 |
No |
|
Fidelity personalized management and consulting |
From $2 |
No |
Lightspeed Commissions and Fees
The experts at Traders Union have analyzed the trading conditions of the Lightspeed broker for the existence of explicit and hidden commissions. Information about fees is publicly available on the company's website. Trading fees depend on the trading asset and the client's trading volume. Non-trading fees include account maintenance and closing fees, inactive account, additional security measures, transaction cancellations, refunds, etc.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Individual Account |
From $2.50 per trade |
$25 internal bank transfer, $50 external bank transfer, $25 check |
|
Joint Account |
From $2.50 per trade |
$25 internal bank transfer, $50 external bank transfer, $25 check |
|
Corporate Account |
From $2.50 per trade |
$25 internal bank transfer, $50 external bank transfer, $25 check |
|
LLC Account |
From $2.50 per trade |
$25 internal bank transfer, $50 external bank transfer, $25 check |
|
Partnership Account |
From $2.50 per trade |
$25 internal bank transfer, $50 external bank transfer, $25 check |
|
Trust Account |
From $2.50 per trade |
$25 internal bank transfer, $50 external bank transfer, $25 check |
|
Retirement Account |
From $2.50 per trade |
$25 internal bank transfer, $50 external bank transfer, $25 check |
Infinity Futures Commissions and Fees
Experts at the Traders Union examined Infinity Futures for trading and non-trading fees. There is no data on commissions for the execution of trades or account maintenance and other non-trading operations. Information is available on a monthly subscription basis for various market data sources.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Individual |
From $1 |
No |
|
Joint |
From $1 |
No |
|
LLC |
From $1 |
No |
|
Corporate |
From $1 |
No |
|
Partnership |
From $1 |
No |
|
Trust |
From $1 |
No |
|
IRA |
From $1 |
No |
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 online 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 Online Brokers For Beginners in France
| eToro | DEGIRO | Fidelity | Lightspeed | Infinity Futures | |
|---|---|---|---|---|---|
|
Overall score |
7.75 |
7.57 |
7.21 |
5.95 |
6.07 |
|
Execution of orders |
9.1 |
9.3 |
8.4 |
6.94 |
7.04 |
|
Investment instruments |
9.7 |
9.9 |
9 |
7.36 |
7.46 |
|
Withdrawal speed |
9.5 |
9.7 |
8.8 |
7 |
7.1 |
|
Customer Support work |
9.3 |
9.5 |
8.6 |
7.3 |
7.4 |
|
Variety of instruments |
9 |
9.2 |
8.3 |
6.78 |
6.88 |
|
Trading platform |
9.8 |
10 |
9.1 |
7.52 |
7.62 |
|
|
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|
|
FAQ
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
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 learning instruments can a broker offer?
Brokers offer various educational options. These include full-fledged educational courses, or video tutorials, articles, and books. Companies also often hold seminars and webinars.
Can you earn passive income in the financial markets?
Yes, the best brokers in France offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
Best Online 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.