French forex companies

This is, after all, what being European is all about. MiFID Markets in Financial Instruments Directive make this even more apparent, as it is a European Union law that is designed to ensure harmonised regulation for investment services across all European member states.

But does that mean a Forex broker regulated by the Banque de France is less or more reliable than one regulated somewhere else? As such, the whole of the EU relies on their effectiveness. It means that Banque de France-regulated brokers are committed to providing the best-quality financial services for their customers. There are very strict protocols put in place by the Banque de France that are designed to ensure consumer protection.

Should a Forex trader have an issue with a particular regulated Forex broker there is a complaints procedure that has been adopted by most EU countries. The first port of call with regard to any complaint is to approach the broker concerned.

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Should a suitable response not be forthcoming then it is down to the Financial Ombudsman, or as a last resort the Court. This is a set procedure that traders have to follow. But the best place to start searching is the website of the Central Bank. It offers multiple trading platforms and earns mainly through spreads. France has a long history of involvement in the financial markets, and the French enjoy the opportunities made available by being part of the European Union EU.

The consolidated currency was also ranked second among the most actively-traded currencies of This marketing restriction includes forex, CFD and binary options trading, and it was done in response to an AMF report about disreputable online forex and binary options brokers which fraudulently take advantage of French traders. The ESMA recently rolled out new regulations that impose leverage limits of for forex trading at EU-based brokers. They also prohibit binary options trading and require brokers to offer negative balance protection to prevent EU clients from losing more than their deposits.

All forex brokers are not created equal, so you need to make sure a broker will keep your money safe and has the services you need as a trader operating from France.

Here are some important considerations to keep in mind before choosing to trade through an online broker:. Make sure any broker you decide to trade through is well regulated, ideally with oversight by the AMF. Many traders want to see support for MetaTrader 4 or 5. A list of our picks for the best online brokerage firms that provide services to French traders appears below.

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Choosing a broker with an office in France — or at least the EU — might be ideal in case you ever need to solve a dispute. A local presence also tends to encourage brokers to meet regulations so they can avoid customer complaints to their regulators.

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Many major online forex brokers offer customer service in French. They may even have their website and trading platform translated into the language, especially advantageous for you if you prefer to do business in French rather than English.

Note that the maximum leverage ratios permitted for EU-based clients dealing through ESMA-regulated providers like the EU-based subsidiaries of the brokers listed below are:. This broker ranks as the top forex broker measured by client assets.

The broker is also regulated in another seven jurisdictions, including the U. You will also enjoy the security of negative balance protection. With 10 million account holders worldwide, eToro allows users to be a part of the trading community. It is also true though that most of those losses were to unlicensed Fx brokerages located outside the jurisdiction of the AMF. There are a fair number of Fx brokers authorized by the AMF to offer financial intermediary services in France. Read our reviews of more forex brokers that did not make our top list above:. Sign Up. Read ForexTime Review. Read Tickmill Review.

Read Plus Review. Read BlackBull Markets Review.

Read InstaForex. Read Pepperstone Review. Read SquaredFinancial Review.

Read eToro Review. Read Trade Review.

Read VT Markets Review.