| Updated: December 20, 2024- Jump to:
- Main features of the best France Forex brokers
- Forex Brokers in France Compared by Spread
- Account Types and Commissions
- Forex Legislation
- Financial Regulators
- Payment Methods
- Trading Software
- Mobile Trading
- FAQ
Our team of expert traders tested many regulated and trustworthy forex brokers that accept traders from France and compiled a toplist with the best among them. Each broker operating in France received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.
Fusion Markets74-89% of retail CFD accounts lose money- AxiThe vast majority of retail client accounts lose money
- FP Markets73.85% of retail investor accounts lose money
- Pepperstone75.5% of retail investor accounts lose money
- Global Prime74-89% of retail CFD accounts lose money
- XM Group72.82% of retail investor accounts lose money
Below you can find a comprehensive comparison table of forex brokers for traders in France. We rank them based on several factors including: regulation, spreads and commissions, Trustpilot rating, trading instruments, trading platforms, deposit and withdrawal methods.
Main features of the best France Forex brokers
- Min Deposit$0Trading InstrumentsForex, Commodities, Indices, Crypto, US StocksRegulatorsASIC, FSA (Seychelles), VFSC (Vanuatu)Trading PlatformsMetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade, TradingViewSpread0.9 pips Classic; 0.0 pips ZeroLeverage1:30 (1:500 for forex and metals via VFSC)Deposit MethodsVisa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wire, ZotaPay, VNPay, DuitNow, XPay, DragonPay, VAPay, FasaPay, AstroPay, PayID, Jetonbank, Sticpay, Interac, LuqaPay, Zotapay, MiFinityWithdrawal MethodsVisa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple, MiFinity, Interac, PayPal, AstroPay, Jetonbank, DragonPay74-89% of retail CFD accounts lose money
Great forex and CFD broker, operating in multiple regions thanks to licenses from ASIC, VFSC, and FSA. French traders can also access various tradable markets through Fusion Markets’ supported platforms, which include MT4, MT5, cTrader, and TradingView. To cater to preferences of different types of traders, Fusion Markets offers various types of accounts, which include Demo, Swap Free, ZERO, and Classic. French forex traders can enjoy commission-free trades if they opt for the Classic account version, with spreads on major pairs like the EUR/USD averaging around 0.93 pips. Meanwhile, the ZERO account will drastically reduce that spread to 0.03 pips but traders will be charged a small round-trip commission of $4.50.
- Min Deposit$50 (AU$100)Trading InstrumentsForex CFDs, Shares CFDs, Metals CFDs, Commodities CFDs, Indices CFDs, Crypto CFDs, ETF CFDsRegulatorsASIC, CySEC, FSA (Seychelles), FSCA, FSA (St. Vincent and the Grenadines)Trading PlatformsMetaTrader4, MetaTrader5, WebTrader, IRESS, cTrader, TradingViewSpread1.0 pips Standard; 0.0 pips RawLeverage1:30Deposit MethodsVisa, Mastercard, Neteller, Bank Transfer, Skill, Sticpay, Fasapay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, Crypto, Apple Pay, Google Pay, Online Banking, Broker to Broker, PayPal, XPay, RapydWithdrawal MethodsVisa, Mastercard, Bank Wire, Neteller, Skrill, Paytrust88, PayPal73.85% of retail investor accounts lose money
Broker accepting registrations from French traders, granting them access to various markets like Forex, Commodities, Shares, Indices, and more. Broker’s operations are authorized by ASIC, FSA (Seychelles), and FSCA. All assets can be traded as CFDs on platforms like MT4, MT5, cTrader, and WebTrader. Additionally, French traders can use TradingView for a more advanced market analysis. The broker offers two types of forex accounts, which include the Standard and Raw options. The former offers commission-free trading with spreads starting at 1 pip while the latter allows trading with spreads as low as 0.0 pips, with round-trip commissions per trade being $6.
- Min Deposit$100Trading InstrumentsForex, Major stock indices, Cryptocurrencies, Commodities, Bonds, Individual Shares, ETFsRegulatorsFFAJ (License No.1574),CySEC (No. 347/17) ISA (No. 514666577), IIROC, ADGM / FSRA (No.190018), CBI (No.C53877), BVIFSC (No. SIBA/L/13/1049), FSCA(No.45984), ASIC (No.406684), JFSA (No. 1662)Trading PlatformsMetaTrader4, MetaTrader5, WebTrader, AvaTadeGO, AvaSocial, AvaOptions, DupliTradeSpreadFrom 0.9 pips (retail), 0.6 pips (pro)Leverage1:30Deposit MethodsVisa, Mastercard, Skrill, WebMoney, Neteller, bank wireWithdrawal MethodsVisa, Mastercard, Skrill, WebMoney, Neteller, bank wire76% of retail investor accounts lose money
Trading services provider authorized by ASIC, FFAJ, CySEC, ISA, IIROC, ADGM / FSRA, CBI, BVIFSC, and FSCA. AvaTrade is also authorized by French authorities to offer trading products to French traders. The broker has added popular platforms like MT4 and MT5 to its software offerings, allowing its clients to place orders with ease and trade numerous CFD instruments. Low cost of trading is achieved through zero commission charged per trade and tight spreads. Retail French traders can trade the EUR/USD pair with a spread of 0.9 pips and a leverage of up to 1:30. Meanwhile, those who qualify for professional trading can reduce the spread to 0.6 pips and increase the leverage up to 1:400.
- Min Deposit$50Trading InstrumentsCFDs on Indices, Forex, Shares, Crypto, Futures, Commodities, Options, Interest Rates, Sectors, Bonds, Knock-out tradingRegulatorsASIC, FCA, DFSA, CFTC, FMA, FINMA, BaFin, MAS, JFSA, FSCA, BMA (Bermuda)Trading PlatformsMT4, L2 Dealer, ProRealTime, IG proprietary software, TradingViewSpread0.6 pips CFD trading; 0.165 pips DMA tradingLeverage1:30Deposit MethodsVisa, Mastercard, Bank Transfer, Wire Transfer, Visa Electron, Discover, PayPal, Apple Pay, BPAYWithdrawal MethodsVisa, Visa Electron, Mastercard, Discover, Bank Transfer70% of retail client accounts lose money
French traders are able to join the global broker operating under licenses from ASIC, FCA, DFSA, CFTC, FMA, FINMA, BaFin, MAS, JFSA, FSCA, and BMA (Bermuda). IG Europe has also been listed in the official register of financial service providers of French authorities. Traders from France will gain access to various CFD instruments through the popular platform MT4. Commission-free trades allow traders to reduce the fees they pay for the execution of their orders. Meanwhile, tight spreads like a minimum of 0.6 pips and an average of 0.70 pips on EUR/USD offer French traders some of the most competitive forex prices online.
- Min Deposit$100 ($1 for Invest MT5 Account)Trading InstrumentsCFDs on Forex, Indices, Stocks, Commodities, Bonds, ETFs, CryptocurrenciesRegulatorsCySEC (No. 201/13), ASIC (No. 410681), FCA (No. 595450), JSC (No. 57026), FSCA (No. FSP51311), EFSA (No. 4.1-1/46), CMA (No. 178), CIRO, FSA (No.SD073)Trading PlatformsMT4, MT5, WebTrader, MT Supreme Edition, StereoTraderSpreadFrom 0.0 pips (Invest and Zero Accounts), 0.5 pips (Trade Accounts)Leverage1:30Deposit MethodsVisa, Mastercard, Skrill, Klarna, Bank Transfer, PayPal, Neteller, iDeal, POLi, Perfect Money, CryptocurrenciesWithdrawal MethodsBank transfer, Visa, Mastercard, PayPal, Neteller, Skrill, Perfect Money73% of retail investor accounts lose money
Reputable broker, listed as an authorized financial service provider by the French Central Bank. Regulators monitoring the broker’s operations include CySEC, ASIC, FCA, JSC, and FSCA. Traders can trade CFDs on currency pairs, cryptocurrencies, metals, commodities, stocks, and cash indices through platforms like MT4 and MT5. Both software options allow French traders to open either a Trade or Zero account. While the Trade type of an account offers commission-free forex trades, the spreads on certain assets start at 0.5 pips. Zero accounts can reduce the starting spread to 0 pips but there will be a small commission of $1.80 to $3 charged per side per lot traded in Forex and Metals CFD orders.
- Min Deposit$0Trading InstrumentsCFDs on Forex, Indices, Shares, Commodities, Treasuries, Cryptocurrencies, Share baskets Investments on ETFs, Shares, Managed funds, Options, and moreRegulatorsASIC, MAS, FCA, BaFin, IIROCTrading PlatformsCMC Markets’ Next Generation, MetaTrader 4SpreadFrom 0.0 pips (UK), 0.3 pips (SG, AU), 0.2 pips (IE)Leverage1:30Deposit MethodsVisa, Mastercard, Maestro, Online Banking, Bank TransferWithdrawal MethodsVisa, Mastercard, PayPal, Bank Transfer71% of retail investor accounts lose money
Broker licensed by CIRO, BaFin, and other top-tier regulators, with the European entity also authorized to operate in France. Covered tradable markets include Forex, Commodities, Indices, Shares, and Treasuries. Trading is possible through the proprietary platform Next Generation as well as the well-known MT4 platform. French traders can enjoy cost-effective trading as they will not be charged any commission on their CFD forex trades. Meanwhile, a major pair like EUR/USD can be traded with a minimum spread of 0.5 pips and an average of about 1.06 pips.
- Min Deposit$100Trading InstrumentsForex CFDs, Commodity CFDs, Shares CFD's, Index CFDs, Crypto CFD'sRegulatorsSCB (No. SIA-F220), ASIC (No.391441), CySEC (No. 246/14), FCA (No. 921296)Trading PlatformsMT4, MT5, WebTrader, TradingView, Capitalise.ai, FlashTraderSpread0.1 pips on Standard and TradingView Accounts; 0.0 pips Raw AccountsLeverage1:30Deposit MethodsVisa, PayPal, Mastercard, Wire Transfer, Neteller, Skrill, Tether, Bitcoin, BPAY, Dragonpay, Fasapay, Interac, Pix, UnionPayWithdrawal MethodsMastercard, Visa, PayPal, Skrill, Neteller, Bitcoin, Tether, Wire Transfers, BPAY, Fasapay, Pix, Interac, UnionPay76.09% of retail investor accounts lose money
Clients of Eightcap can trade various CFD instruments, gaining access to markets like Forex, Commodities, Cryptocurrencies, Indices, and Shares. The broker operates under licenses from SCB (Bahamas), ASIC, FCA, CySEC, and FSA (Seychelles). Eightcap Europe Ltd is also authorized to operate in France, accepting registrants from the country. To enable smooth trading, the broker supports platforms like MT4 and MT5. TradingView is also available, offering an advanced market analysis. Traders can choose the commission-free Standard Account option that provides trades with a starting spread of 1 pip. Alternatively, they can reduce the spread to a minimum of 0.0 pips with the Raw Account and pay a small round-trip commission of $7.
- Min Deposit$250Trading InstrumentsForex, Stocks, Indices, Commodities, ETFs, Indices, CryptocurrenciesRegulatorsFCA (License No. FRN 522157), CySEC (License No.169/12), FSC (FSC License No.: 000302/438), IFSC (License No.: 000302/46.), KNF (N/A), CNMV (N/A), BaFin (registered), FSCA (N/A), FSA Norway (registration ID - FT00118162)Trading PlatformsxStation 5, xStation MobileSpreadFrom 0.1 pips (Pro Account), 0.5 pips (Standard Account)Leverage1:30Deposit MethodsVisa, Maestro, Mastercard, Bank Transfer, Neteller, Skrill, PayPal, Ecommpay, PayUWithdrawal MethodsBank Transfers, Visa, Mastercard, Skrill80% of retail investor accounts lose money
A brand operating under licenses from top-tier regulators like FCA, CySEC, FSC, IFSC, KNF, CNMV, BaFin, FSCA, and FSA. The French market is also available for operations thanks to an AMF license. Registration takes no time, allowing traders to open a demo or live account in a few simple steps. Through the proprietary platform of XTB, traders gain access to markets like Currency Pairs, Stocks, ETFs, Commodities, and more. Forex trades are extremely cost-effective, with spreads on major pairs starting at 0.8 pips. What is more, CFD trades on forex pairs impose no commissions.
- Min Deposit$0Trading InstrumentsForex, Indices, Commodities, Cryptocurrencies, Share CFDs, ETFsRegulatorsUK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMA, SCB (Bahamas)Trading PlatformsTradingView, MT5, MT4, cTraderSpreadFrom 0.0 pips (Razor Accounts), 1 pip (Standard Accounts)Leverage1:30Deposit MethodsVisa, Mastercard, PayPal, Bank Transfer, BPay, Neteller, SkrillWithdrawal MethodsVisa, Mastercard, PayPal, Bank Transfer, BPay, Neteller, Skrill75.5% of retail investor accounts lose money
The brand has gained legal access to multiple regions thanks to licenses issued from FCA, BaFin, CMA, DFSA, CySEC, and ASIC. The Central Bank of France has also listed Pepperstone’s European entity in its official register of financial service providers. French traders can easily open an account at Pepperstone and opt either for the Standard or Razor account route. No matter the account type, broker’s clients will be able to resort to platforms like MT4, MT5, cTrader, TradingView, and Pepperstone’s proprietary software. Tradable instruments include forex pairs, indices, commodities, cryptocurrencies, ETFs, and more. Standard accounts offer commission-free forex trading, with spreads on major pairs like EUR/USD averaging around 1.1 pips. Meanwhile, those who trade with Razor accounts can reduce the spread to an average of 0.1 pips and pay a small round-trip commission of $7 (MT4/MT5 and TradingView) or $6 (cTrader).
Forex Brokers in France Compared by Spread
| Broker | EUR/USD | USD/JPY | GBP/USD | USD/CHF | AUD/USD | EUR/GBP | USD/CAD |
|---|---|---|---|---|---|---|---|
| 1. Fusion Markets | 0.07 | 0.13 | 1.01 | 0.37 | 0.90 | 0.23 | 0.14 |
| 2. Admirals | 0.1 | 10 | 1.00 | 1.2 | 0.4 | 0.00003 | 1.1 |
| 3. CMC Markets | 0.5 | 0.7 | 0.9 | 1.2 | 0.6 | 1.1 | 1.3 |
| 4. IG | 0.85 | 0.9 | 1.40 | 1.95 | 1.01 | 0.9 | 2.1 |
| 5. AvaTrade | 0.9 | 1.3 | 1.3 | 1.3 | 1.1 | 1.2 | 1.8 |
| 6. XTB | 0.9 | 14 | 2.2 | 1.2 | 1.1 | 1.3 | 1.5 |
| 7. Eightcap | 1.00 (min) | 1.1 | 1 | 1.4 | 1.2 | 1 | 1.2 |
| 8. Pepperstone | 1.00 (min) | 1.0 | 1.00 (min) | 1.1 | 1.2 | 1.2 | 1.42 |
| 9. FP Markets | 1.1 | 0.30 | 1.2 | 1.8 | 1.2 | 0.20 | 1.5 |
Account Types and Commissions
| Broker | Min Deposit | Account Types | Commission per Lot | Trustpilot Rating |
|---|---|---|---|---|
| 1. Fusion Markets | $0 | Zero, Classic, Islamic, Demo, Professional | $0 Classic Account, $4.50 round turn on Zero Account | 4.9 |
| 2. FP Markets | $50 (AU$100) | Standard, Raw, Demo, Professional, Islamic | $0 Standard Account; $6 round turn on Pro Account | 4.7 |
| 3. Pepperstone | $0 | Standard Account, Razor Account | $0 (Standard Account), $7 round-turn (Razor Account) | 4.6 |
| 4. AvaTrade | $100 | Retail, Professional, Islamic, MAM | $0 | 4.4 |
| 5. CMC Markets | $0 | Standard Account, FX Active Account | $2.50 per lot (per side) | 4.2 |
| 6. Eightcap | $100 | Standard, Raw, TradingView Account | $0 on Standard and TradingView Accounts; $7 round turn on Raw Accounts | 4.2 |
| 7. Admirals | $100 ($1 for Invest MT5 Account) | Trade (Standard), Invest (MT5), Zero | $3 per lot | 3.9 |
| 8. IG | $50 | Spread Betting Account, CFD Trading Account, Limited Risk Account, Islamic, Professional, Demo, Options and Share Dealing Accounts* | $0 | 3.7 |
| 9. XTB | $250 | Standard, Pro, and Islamic Accounts | $0 | 3.7 |
With a gross domestic product of €2.3 trillion, France ranked as the third biggest European economy in 2018, surpassed only by the United Kingdom (2nd place) and Germany (1st place). The country has a long history of participation in the European and global financial markets, with French citizens enjoying numerous opportunities thanks to its membership in the European Union (EU).
France is also one of the founding states of the EU, alongside five other economic powers – Italy, the Netherlands, Luxembourg, Germany, and Belgium. The country ditched the French Franc back in 2002 and has been using the Euro as its national currency ever since.
Considering its economic background, it is not surprising France boasts one of the largest and most dynamic foreign exchange markets in Europe. Nevertheless, the country has adopted a rather conservative stance toward Forex trading where rules and regulatory frameworks are concerned.
Despite the strict regulations, foreign exchange trading remains quite popular among French traders. Brokers authorized to service this market provide customers with a broad choice of currency pairs alongside other financial instruments, including the notorious contracts for difference.
Tight restrictions were introduced to curb risk exposure and prevent French retail traders from suffering enormous losses. Historically, the country’s financial regulators have always tried to guide the general public away from higher-risk investments toward more conservative trading instruments such as the stock market.
In this article, we take a detailed look at France’s legal framework in regard to trading on the foreign exchange markets and the restrictions imposed by the draconian local regulator, the Autorité des Marchés Financiers (AMF). We also provide answers to common questions about payments and software that beginner traders from France may have.
France Forex Legislation
Trading currencies against each other on the Forex markets is currently legal on French soil, provided that the brokers offering the services have obtained authorization from the local regulator, the AMF. The Forex market is regulated under the provisions of the Financial Security Act of 2003 whose enforcement also led to the establishment of the AMF.
All brokerage firms willing to do business with French citizens are expected to provide guaranteed stop losses on customers’ positions. Before traders open a position, they must inevitably enter a stop loss for it. It is impossible to increase the stop-loss level once the order has been executed. This way, French customers can lose less than initially anticipated for the respective position.
Another condition set forth by the French regulator stipulates that authorized brokerages must provide negative balance protection to their clientèle. This policy prevents customers from losing more than the available balance they have in their trading accounts, particularly when investing in leveraged derivatives. The negative balance protection does not apply to professional trading accounts, however.
While we are on the subject of derivatives, buying contracts for difference (CFDs) is also legal in the country but with some restrictions due to the significant level of risk involved when trading with such volatile instruments. The restrictions entered into force at the beginning of August 2019.
The new protective measures are a continuation of the restrictions enforced by the European Securities and Markets Authority (ESMA) during the previous year. They apply to the advertising, distribution, and sale of CFDs to French retail investors.
The maximum leverage for foreign exchange CFDs should not exceed 20:1 for minor pairs and 30:1 for major ones. The limit for minor pairs is lower because the price movements here are much sharper.
The rule of thumb when it comes to leverage restrictions generally is the higher the volatility of a given financial instrument, the lower the maximum leverage that is permitted.
Furthermore, brokerages must be transparent about the percentage of customers that lose money to leveraged derivatives. They are expected to put said percentage on prominent display on their websites where all customers can see it.
The percentage of losers is important because it reflects on the brokerage firms’ trade execution, the level of education they provide to customers, and so on. In fact, this should be among the key factors to consider before one chooses a brokerage.
Certain conditions pertaining to margin also must be met. Brokers should close down their customers’ open positions whenever the account’s balance drops under the 50% minimum required margin threshold.
But this is not all. In 2017, the financial watchdog officially outlawed the advertising of over-the-counter derivatives with leverages that exceed 5:1. The marketing restrictions apply to all leveraged derivatives, including Forex, CFDs, and binary options.
Things may soon change, however, since the French regulator proposed to altogether ban the advertising of CFDs in March 2019. As for retail trading with binary options, this practice was is also outlawed in France.
It was established structurally this instrument offers negative expected returns, because of which, the binary options sector has been on the decline for the past several years. As a general rule, EU-regulated brokerage firms are not allowed to offer deposit bonuses or other promotional incentives to their customers.
Brokers that violate the French regulatory guidelines and target customers from the Hexagon country without the authorization of the local regulator are typically added to a blacklist. Their websites are blocked to prevent any access on the French residents’ side.
The same goes for those who continue to illicitly provide trading with binary options in spite of the prohibition. As of May 2018, the local regulator reported it has closed down over 138 illegal binary options and foreign exchange websites over a three-year period. The list is updated regularly as new unauthorized brokers are added.
France Financial Regulators
The main body that supervises the foreign exchange market in the Hexagon country is the Autorité des Marchés Financiers, or shortly AMF. This independent entity was established after the passage of the Financial Security Act, officially enforced at the beginning of August 2003.
The AMF has been mandated the role of regulating and safeguarding the investments in various financial instruments but it also has several other objectives. Among those are ensuring investors have access to sufficient information so they can make well-informed investment decisions. The entity is also tasked with maintaining orderly and balanced financial markets in the country.
Both locally based and foreign brokerage firms are required to apply for and obtain licenses issued by the AMF if they are looking to operate legally on French soil. To receive one such document, the firms must cover all of the requirements we discussed earlier.
In other words, they must store their clients’ funds in segregated accounts, offer negative balance protection, comply with the limits on maximum leverage, refrain from offering bonuses to French nationals, and undergo regular external audits. Additionally, the companies must provide evidence that they meet the minimum threshold for operational capital, which stands at €750,000.
As for those, who operate illegally in the country, they have their websites added to the constantly expanding blacklist. The French regulator holds official meetings with the High Court of Paris once every two months. During the meetings, the two entities review proposals to shut down brokerages that operate in the country without authorization.
It should be mentioned that the AMF falls under the umbrella of an important piece of legislation, known as the Markets in Financial Instruments Directive II (MiFID II). Enforced in 2018, it aims at increasing competition, boosting transparency, and ensuring investor protection in EU member states.
The purpose of this law is to provide unified regulations on investment services, carried out in the Union. Under this directive, all brokerages that operate in the EU must follow harmonized regulations.
Therefore, a license issued by entities like the AMF or the Cyprus Securities and Exchange Commission (CySEC) would provide a brokerage with the opportunity to offer its services in all other EU member states where foreign exchange and CFD trading are legal.
The financial sector in the country is also supervised by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). This is an independent administrative body under the auspices of the country’s central bank, Banque de France. The ACPR is tasked with the oversight of the banking institutions and insurance companies that operate on French soil.
Finally, there is the European Securities Markets Authority (ESMA), which has its headquarters in the French capital of Paris. The main idea behind the foundation of this supranational authority was to establish an EU-wide financial market regulator.
France Forex Payment Methods
When choosing a France foreign exchange brokerage, it is essential to consider what payment methods the company works with. Money transfers to and from your Forex account should be conducted easily, quickly, and above all, safely.
Each broker has its own list of payment methods as well as individual limits on deposits, withdrawals, and lot sizes. Many brokers offer multiple account types, including micro accounts with lower minimum deposit requirements and lot sizes.
Macro accounts are recommended for professional, high-net-worth traders who transfer more substantial amounts to their balance. Respectively, the minimum deposit limits for macro accounts are considerably higher, usually five-figure amounts.
As for the payment methods, these are broker-specific. The best way to get a good idea of what solutions are available is to visit the website of your chosen France-friendly brokerage and check the banking section. There, you will be able to see all the methods supported for your country.
With that said, some of the most common options French traders use to fund their Forex accounts include credit and debit cards like those by Mastercard, Maestro, and Visa. Figures provided by the German statistics portal Statista show the most popular payment methods in the country for 2017/2018 were debit and credit cards. Many French traders prefer to use them because there are generally no commission fees on card payments and processing times are short.
Bank transfers are also widely used by French traders although this option is significantly less time-efficient. There are discrepancies in the waiting timeframes at different brokerages but in many cases, you must wait for three to five business days until the funds hit your live account’s balance.
E-wallets are a convenient alternative for French traders who do not own credit or debit cards but still insist on time-efficient payments. These are essentially virtual wallets where you can store your trading money.
You must register and verify your account so you can take advantage of your e-wallet’s full capabilities. Then you can fund its balance with a card, a bank transfer or even another e-wallet. French traders can retain their confidentiality when paying with an e-wallet. Next to time-efficiency, this is yet another advantage of using this method.
The most popular e-wallet service in France is provided by PayPal although similar alternatives like Neteller and Skrill are also available.
Popular Trading Software in France
Another crucial aspect that bears consideration when choosing a France-friendly Forex broker is the trading platform it utilizes. A good brokerage should adopt a platform that ensures the convenience of the users.
Customers should be able to place orders quickly and without any hassles. A decent trading platform should be designed in a way that appeals to both beginner traders and professional investors.
This usually means the interface should be intuitive enough while at the same time offering additional functionalities for market analysis. Cross-compatibility is another desirable trait traders look for.
The most popular trading software used in France, MetaTrader 4 (MT4), is courtesy of the Russian company MetaQuotes Software, which licenses it to foreign exchange brokers worldwide. In turn, the licensed brokerages offer the platform to their customers. MT4 enables traders to see live quotes and prices as well as to execute orders with lightning speed.
Its uncluttered interface makes the platform friendly to novice traders. Meanwhile, seasoned professionals have the chance to analyze the markets in depth by taking advantage of different analytical tools like technical indicators, charts, and graphical objects. The platform supports multiple languages, including French.
Since MT4 was designed specifically with the needs of Forex traders in mind, some France-friendly brokers offer it in parallel with its successor, MetaTrader 5 (MT5). Some traders complain about this improved version of the software because they do not consider it as user-friendly as its predecessor.
Despite this, MT5 is not without its merits. It furthers trading with more financial instruments, including bonds, stocks, options, and futures. This renders it more suitable for professional traders, who will also benefit from more timeframes, graphical objects, and technical indicators.
Although less popular, the Sirix WebTrader is also available at some France-friendly brokerages. Courtesy of Leverate, the platform enables French users to execute foreign exchange and futures trades seamlessly, without the need for additional software installation.
The platform was created in HTML5 and works on both Windows-based and Mac computers. It comes with more than thirty technical indicators, including the popular Bollinger Bands and Ichimoku Clouds.
Traders can identify market trends with the help of the indicators and the featured tools for drawing and analysis. The Sirix WebTrader also enables automated trading. Users can copy the successful positions of fellow traders with more experience.
Mobile Trading in France
Smartphone penetration in the Hexagon country has experienced a significant increase over the past decade, with the percentage of smartphone owners rising from 17% to 75% for the period between 2011 and 2018. Owning one such device is no longer a privilege reserved for the wealthiest echelons of society.
The mobile scene of France is mostly dominated by the Android operating system, which boasted more than 27 million active users as of 2017. This corresponds to a significant market share that amounts to roughly 70%. By contrast, Apple’s iOS operating system had a market share of only 23% for the same year.
Considering this, it is only natural that mobile trading is rapidly gaining momentum in France. Trading companies are betting big on the progress in mobile technologies. Nearly all France-friendly brokers develop free native applications, compatible with the two operating systems that dominate the country’s mobile market, Android and iOS.
The developers of the apps no longer pay attention only to basic functionalities like maintaining a watchlist, viewing one’s trading portfolio, and executing trades. They concentrate their efforts on creating apps that bring the comprehensive desktop trading experience to mobile devices.
French mobile traders can now take advantage of a versatile set of features, including various tools for technical analysis, advanced order types, and customizable charts.