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Forex brokers in France

The public authority in charge of the supervision of the financial markets in France is the Autorité des Marchés Financiers (AMF). It licenses financial service providers, sets industry rules, and monitors whether the entities comply with them. 
 
As in any EU Member State, investment services providers must comply with a set of rules with regard to transaction reporting, client asset protection, risk management, conflicts of interest, client categorization and information, etc. Besides, the AMF makes sure French citizens receive adequate information and safeguards on their investments in financial products. It regularly publishes reports, analysis and guides on financial services and the risks associated with them, as well as warnings against unlicensed investment firms. In fact, the AMF maintains an official blacklist of forex companies, which is constantly updated.
 
It would not be an exaggeration if we say that the AMF has a negative stance towards high-risk investments such as the ones offered by forex and binary options brokers. In September 2016 the French financial watchdog banned the advertising of over-the-counter (OTC) derivatives such as forex, binary options and contracts for difference (CFDs) with leverage greater than 1:5. As most of you know, 99% of all brokerages offer leverage ratios way higher than that. This ban applies even to sponsorship deals.
 
The move aims to protect French investors against aggressive marketing techniques and was prompted by an AMF report, according to which fraudulent forex and binary options brokerages have solicited almost to €4 billion from French residents over the past 6 years. 
 
Considering the above said,  it is not surprising that most brokers operating in France are not licensed by the AMF, but are instead regulated in another EU member state and provide financial and investment services under the MiFID passporting rules. You may easily check whether a broker is regulated by AMF or in the EU in the register of financial firms (REGAFI).
 


Forex

Forex brokers in France

Broker Country Regulation Platforms Min.deposit Review
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Cyprus CySEC in-house mobile
app
$50 Review Website
France AMF MT4, TradeBox $0 Review
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