Top Forex Trading Sites in France
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CFDs are complex instruments and present a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail customer accounts lose money when trading CFDs. You need to make sure that you understand how CFDs work and that you can afford to take the high risk of losing your money.
Currency pairs are undoubtedly the most traded assets of the moment. Forex is the largest and most extensive market in the world, both in terms of liquidity and volume. And, today, with the existence of online trading tools, investing in Forex becomes even easier to access. Many online brokers offer, in addition, their services and offer various advantages to traders with also trading in the form of CFDs. So how do you choose the right intermediary? To make it easier for you, here is our selection of the best Forex brokers for the year 2018 (the ranking is updated with brokers to buy bitcoins and other cryptos):
Founded in 2007, eToro (our review) is simply the must-have in Forex trading. The trading platform is particularly renowned for its simplicity, flexibility, but also and above all for its reliability. eToro is regulated by the main regulatory bodies, including the ACPR Banque de France, and also complies with MiFID (European Directive on the markets in financial instruments).
Beginners and advanced alike can trade easily on this portal, especially since the trading interface is very ergonomic. As a No Dealing Desk, eToro also offers the advantage of transparent transactions with equally attractive spreads. Traders are free to determine the levers themselves, which allows them to better control their investment according to the strategies applied.
Moreover, as a matter of strategy, eToro has a social trading platform, the Open Book, on which you can discover the best transactions made and reproduce them in just a few clicks. An instant messaging system is also available on the portal, allowing real-time discussions with customer service. For beginner traders, eToro also provides trading training. In addition, mobile applications are also available for Smartphone or tablet holders. The minimum deposit at eToro is €50.
IQOption (our review) is today the leader in the cryptographic trading market in France. It is far ahead of all those competitors who are trying hard to outdo it. Ideal for beginners thanks to its demo version, IQ Option accompanies you throughout your trader training. Once the platform is well established, it is time to take action and define a budget to invest in the platform with short and long term objectives. What makes the platform even more accessible is that the minimum deposit is $10 and the minimum bet is $1. IQ Option offers a careful interface and responsive customer service. In addition, withdrawals are quick and easy. Today IQ Option offers 14 crypto to trade! So don’t wait any longer and go to IQ Option to make yourself an experienced trader.
Based in Poland, XTB (our review) was launched on the Forex trading market in 2002. With years of experience, this online broker has a solid foundation. It is regulated throughout the European Union, in particular by the ACPR Banque de France, the AMF (Autorité des Marchés Financiers) and MiFID.
XTB has about fifty tradable Forex pairs, with variable or fixed spreads depending on the type of account subscribed by the trader. Investors in the portal have a choice between different platforms, which are web and mobile compatible. A demo account is also available to all new XTB members, allowing them to test the tools for an unlimited period of time. Various options are also available to traders as part of their transactions, including Rollover, Hedging, Scalping and Trailing Stop.
And for those who have no trading knowledge yet, it is possible to register for the trading courses available on the portal. There is no minimum deposit required to trade at XTB.
The broker site comes in 4th place in this ranking: BDSwiss (our review). Very popular in Germany, Norway, Sweden and Switzerland, BDSwiss has also managed to make its mark in France. You will need to deposit €100 to fund your account and a minimum wager of €5. The customer service of this platform is impeccable and really takes care of itself with all its users. We know very well the high quality of Swiss banks, this also applies to this Swiss broker site!
Owned by Lionsman Capital Markets Ltd, which is also the creator of OptionWeb, NessFX is a reliable Forex broker. The broker gives priority to the protection of traders, whose funds are invested in segregated accounts. In the course of its activity, it also complies with the rules established by CySEC. In addition to the high security it offers, NessFX is also known for its speed. Orders are placed almost instantaneously thanks to the Straight Through Processing (STP) principle applied by the broker.
At the same time, traders have the possibility to place orders in delayed mode and to program conditional orders. Outside Forex, the broker offers a wide range of marketable assets, including commodities, stock market indices and equities. For those who wish to learn about trading, ebooks, as well as webconferences are available on the site, in addition to regular information on market movements.
The NessFX trading platform is very easy to use and a social trading platform is also available. Professionals and beginners alike can thus trade easily on the portal. The minimum deposit is 200 €.
BINCK was founded in 2000 in Holland by BinckBank and is one of Europe’s top brokers. Binck’s main strengths are that there are no hidden fees or unexpected pricing, high-performance trading tools and above all FREE, quick order placement, free online training for anyone who wants to trade. And finally, available advisors who can be contacted by phone. So if you are a beginner in this field this platform is for you! That is a certainty.
Alvexo is a broker specialized in Forex and CFD trading, having been created in 2014. It is regulated by CySEC in Cyprus and recognised by the Banque de France. At the same time, Alvexo allows you to trade precious metals, equities, indices and much more.
If you are a beginner in the process of exploring, Alvexo allows you to open a demo account with a fictitious capital of $50,000 for one month. Once the said month is over, you must switch to one of its real accounts with a minimum deposit of €500 to €20,000 depending on the type of account chosen. This broker supports your learning with free webinars and short videos and tutorials in the “Trading Academy” section.
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Plus500 (our review) is a broker specialized in Forex and CFD, created in 2008 and based in the United Kingdom, London. The company is listed on the London Stock Exchange and is regulated by the Financial Conduct Authority (FCA). It thus offers a fully secure trading platform to traders and, of the Dealing Desk type, also offers very competitive spreads on the market. Plus500 only offers one type of account and is particularly well known for its €25 bonus without a deposit.
It also offers a free demo account, allowing you to practice without risk for an unlimited period of time. As a bonus, novice traders can learn trading directly in the training centre offered by the broker. The trading platforms available on Plus500 are also very complete and can be adapted to traders of all levels.
Fundamental analysis enthusiasts are particularly well served on this portal, with the various tools at their disposal.
ETX Capital (our review) was founded in 2009 by the Monecor group. This broker mainly offers trading on Forex and CFD, but also allows you to speculate on cryptos. It is best known in the market for its wide range of assets, with more than 3,000 assets. ETX Capital has 4 complete trading platforms, dedicated to both novice and experienced traders.
All trading information is available to traders on the portal and they can also attend free webinars for professional advice. ETX Capital has, as an added bonus, a 24/7 customer service available. No minimum deposit is required for beginner traders.
Markets.com (our review) is a Forex broker launched in 2009 by Safecap Investments Limited. This broker is licensed by CySEC and is recognized by the Banque de France. It also operates in Europe in accordance with the MiFID Directive. Formerly known as GFC Markets, Markets.com is an experienced and highly respected broker in its field.
It welcomes both novice and experienced traders, with different tools adapted to each need. The broker offers 3 trading platforms, the Markets trader for beginners and intermediate levels, the MetaTrader 4 for advanced traders and the Market Mobile Trader for mobile investors.
Video training courses and informative texts are available on the site for new traders wishing to learn how to trade. The broker also broadcasts real-time signals, provided by Trading Central. Markets.com allows leveraged trading and spreads are also interesting. The broker requires a minimum deposit of €100 and gives a 10% welcome bonus.
IG Markets (our review), which is now called IG, is now one of the leaders in Forex and CFD trading in France. This broker has more than 40 years’ experience in its field and is present in various countries around the world, including the United Kingdom, Singapore and, of course, France.
It is recognized by the main regulatory authorities, in particular by the AMF and the FCA. More than 10,000 assets are available for trading through the broker, which offers multisupport platforms. Applying an internal quotation system, on a market-maker model, IG offers the possibility to invest at any time, even when the official market is already closed.
Demo accounts, assistance and trading training are also offered by the broker, which prides itself on following a strict policy of transparency. The minimum deposit on the platform is 100 €.
FXCM (our review) or Forex Capital Markets is a Forex and CFD broker operating since 1999. With more than 250 billion monthly transactions, it is virtually one of the largest brokers in the world, listed on the NYSE. This broker has offices in Paris and is regulated by the AMF, the FSA and the ACP. FXCM mainly offers a No Dealing Desk platform, with very competitive spreads.
It provides traders with high-tech tools, but adapted to all levels. In addition, FXCM offers in-depth support to beginner traders and gives them access, among other things, to a free demo account to train. The platforms available include the Trading Station, which is the broker’s official trading software, the famous MetaTrader 4, as well as the NinjaTrader which allows you to build strategies. It is possible to trade on the portal from only 50 €.
Trade.com (our review) is part of Leadcapital Markets Ltd. This broker has only a few years’ experience but already offers a wide range of assets ranging from currencies to commodities, indices, CFDs and bonds. Registered in Cyprus, it complies with the rules of the European financial authorities and therefore complies with the requirements of the AMF.
The site has a training portal that is accessible without registration. It is aimed at both beginner and advanced traders. The minimum deposit is $250. It offers both the webtrader and the metatrader 4 more suitable for professionals. Spreads are slightly higher than market leaders but there are no additional costs.
The right broker to trade on Forex
If Forex is a market of opportunities, the choice of a good broker is crucial to the success of investments. In order to make significant gains, but also and above all in order to be able to withdraw them without any problem, you must turn to a reliable broker. These 8 Forex brokers, described above, can meet everyone’s needs, whether in terms of security, service quality or trading tools. Traders can rely entirely on it for their investments in 2018.