Best Day Trading Platforms and Brokers in France 2024
To actively trade popular financial markets in France like stocks and indices listed on the Euronext Paris, currency pairs involving the euro, or its prominent export commodities like steel, you’ll need to sign up with an online broker.
The Autorité des Marchés Financiers (AMF) regulates financial services providers in France, although other European-regulated brokers can also accept French day traders through the EU’s cross-border initiative.
We’ve pinpointed the best day trading brokers in France following rigorous tests. Many of these platforms cater specifically to active traders in France, offering short-term trading products on European markets, website support in French, and convenient deposits via EUR accounts.
Top 10 Platforms For Day Trading In France
Following our personal evaluations, these 10 trading platforms go the extra mile for French day traders:
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1Moneta Markets50% Cashback Bonus, Free VPS
Ratings
$500.01 Lots1:1000ASIC, FSCA, FSACFDs, Forex, Stocks, Indices, Commodities, ETFs, CryptoAppTrader, ProTrader, MT4, MT5, TradingCentralVisa, Bitcoin Payments, Mastercard, Wire Transfer, FasaPay, Sticpay, JCB Card, Credit CardUSD, EUR, GBP, CAD, NZD, JPY, HKD, SGD, BRL -
2AvaTrade79% of retail accounts lose money with this provider.
Ratings
$1000.01 Lots1:30 (Retail) 1:400 (Pro)ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFMCFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, FuturesWebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTradeSkrill, Wire Transfer, FasaPay, Mastercard, Perfect Money, Swift, MoneyGram, Credit Card, WebMoney, JCB Card, Debit Card, Neteller, BoletoUSD, EUR, GBP, CAD, AUD -
3IC Trading
Ratings
$2000.01 Lots1:500FSCCFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, FuturesMT4, MT5, cTrader, AutoChartist, TradingCentralPayPal, Neteller, Mastercard, Visa, Wire Transfer, Debit Card, Credit CardUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD -
4PepperstoneCFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.8% of retail investor accounts lose money when trading CFDs.
Ratings
$00.01 Lots1:30 (Retail), 1:500 (Pro)FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCBCFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread BettingMT4, MT5, cTrader, TradingView, AutoChartist, DupliTradeVisa, Mastercard, Credit Card, Debit Card, PayPal, Wire Transfer, POLi, UnionPay, BPAY, Neteller, Skrill, PIX PaymentUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD -
5XM74.12% of retail accounts lose money.
Ratings
$50.01 Lots1:30ASIC, CySEC, DFSA, IFSCCFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, EnergiesMT4, MT5, TradingCentralCredit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-PesaUSD, EUR, GBP, JPY -
6Eightcap
Ratings
$1000.01 Lots1:30ASIC, FCA, CySEC, SCB, CNMVCFDs, Forex, Stocks, Indices, Commodities, CryptoMT4, MT5, TradingViewNeteller, Skrill, Visa, UnionPay, Credit Card, Debit Card, Bitcoin Payments, Wire Transfer, FasaPay, BPAY, PayPal, Dragonpay, PIX PaymentUSD, EUR, GBP, CAD, AUD, NZD, SGD -
7LiteForex Europe
Ratings
$500.01 Lots1:30CySEC, AFMCFDs, Forex, Indices, CommoditiesMT4, MT5Neteller, Skrill, Visa, QIWI, Mastercard, Perfect Money, Western Union, Credit CardUSD, EUR, GBP, CHF -
8eToro51% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Ratings
$100$101:30FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMFCFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTseToro Web, CopyTrader, TradingCentralVisa, Skrill, Neteller, Wire Transfer, Rapid Transfer, Swift, Debit Card, iDeal, Klarna, Sofort, Trustly, Przelewy24USD, EUR, GBP -
9InstaForexCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.44% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the risk of losing your invested funds.
Ratings
€200 (€1 after account opening)0.01 Lots1:30 (Retail), 1:500 (Pro)CySECCFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares BasketsMT4, MT5Skrill, Mastercard, Visa, Neteller, Wire Transfer, Przelewy24, Giropay, Rapid TransferUSD, EUR, GBP, PLN, CZK -
10Trade Nation200 Sign-Up Reward Points84% of retail investor accounts lose money when trading CFDs with this provider.
Ratings
$00.1 Lots1:500 (entity dependent)FCA, ASIC, FSCA, SCB, FSAForex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)MT4Credit Card, Visa, Mastercard, Wire Transfer, Skrill, PayPal, Debit CardUSD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK
Here is a short summary of why we think each broker belongs in this top list:
- Moneta Markets - Founded in 2019 and headquartered in Johannesburg, South Africa, Moneta Markets offers over 1000 instruments for short-term trading. New traders can choose between STP and ECN accounts while the smooth sign-up process has helped attract 70,000 registered traders.
- AvaTrade - AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
- IC Trading - IC Trading is part of the established IC Markets group. Built for serious traders, it boasts some of the most competitive spreads, reliable order execution, and advanced trading tools. The catch is that it’s registered in the offshore financial centre of Mauritius, enabling it to offer high leverage but in a weakly regulated trading setting.
- Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
- XM - XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It’s also highly regulated, including by ASIC and CySEC and offers a comprehensive MetaTrader experience.
- Eightcap - Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
- LiteForex Europe - LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.
- eToro - eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 51% of retail CFD accounts lose money.
- InstaForex - InstaForex is a forex and CFD broker founded in 2010. The broker offers diverse market coverage to millions of clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs.
- Trade Nation - Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.
Best Day Trading Platforms and Brokers in France 2024 Comparison
Moneta Markets
"With ECN pricing featuring spreads from 0 and commissions from $1, high leverage of up to 1:1000, and the terrific ProTrader charting platform, Moneta Markets is an excellent broker for experienced day traders."
Christian Harris, Reviewer
Moneta Markets Quick Facts
Bonus Offer | 50% Cashback Bonus, Free VPS |
---|---|
Demo Account | Yes |
Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto |
Regulator | ASIC, FSCA, FSA |
Platforms | AppTrader, ProTrader, MT4, MT5, TradingCentral |
Minimum Deposit | $50 |
Minimum Trade | 0.01 Lots |
Leverage | 1:1000 |
Account Currencies | USD, EUR, GBP, CAD, NZD, JPY, HKD, SGD, BRL |
Pros
- The broker offers competitive leverage rates of up to 1:1000, allowing experienced day traders to amplify their positions and potentially increase their returns.
- The intuitive ProTrader web platform, powered by TradingView, performed brilliantly during testing, enabling trading directly from charts, plus the easy modification of orders using drag-and-drop functionality.
- Registering for an account with Moneta Markets is quick and easy through the digital sign-up process, taking just a few minutes with an accessible $50 minimum deposit.
Cons
- Although regulated by the ASIC, trading through the Seychelles-based entity may result in limited regulatory protections while Moneta Markets’ short track also means it hasn’t earned the reputation of the safest brokers.
- The best pricing is reserved for traders who deposit $20,000 for the ECN Ultra account, putting it out of reach for most retail investors.
- Clients need an account balance of at least $500 to access educational materials, a serious drawback for beginners who can get free materials from brokers like IG and eToro.
AvaTrade
"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."
Jemma Grist, Reviewer
AvaTrade Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures |
Regulator | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM |
Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail) 1:400 (Pro) |
Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- Recently introduced AvaFutures offers an alternative vehicle to speculate on over 35 markets with low day trading margins
- WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders
- There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill
Cons
- There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders
- A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
- There is no ECN account with raw spreads
IC Trading
"With superior execution speeds averaging 40 milliseconds, deep liquidity, and powerful charting software, IC Trading delivers an optimal trading environment tailored for scalpers, day traders, and algorithmic traders. "
Christian Harris, Reviewer
IC Trading Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures |
Regulator | FSC |
Platforms | MT4, MT5, cTrader, AutoChartist, TradingCentral |
Minimum Deposit | $200 |
Minimum Trade | 0.01 Lots |
Leverage | 1:500 |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- The simplified and digital account opening process saves time and effort, allowing traders to start trading sooner without extensive paperwork, taking just minutes during testing.
- IC Trading provides industry-leading spreads, including 0.0-pip spreads on major currency pairs such as EUR/USD, making it ideal for day traders.
- IC Trading offers unusual flexibility in its accounts, enabling traders to open up to 10 live and 20 demo accounts, meaning you can run separate profiles for different activities, such as manual trading and algo trading.
Cons
- Customer support performed woefully during testing with multiple attempts to connect via live chat and no one available to assist, plus unanswered emails, raising concerns about its ability to address urgent trading concerns.
- Unlike IC Markets, IC Trading does not support social trading through the group’s IC Social app or the third-party copy trading platform ZuluTrade.
- Despite being part of the trusted IC Markets group, IC Trading is authorized by a weak regulator - the FSC of Mauritius, with limited financial transparency and regulatory safeguards.
Pepperstone
"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."
Christian Harris, Reviewer
Pepperstone Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting |
Regulator | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB |
Platforms | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade |
Minimum Deposit | $0 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail), 1:500 (Pro) |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading.
- Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
- Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates of 25%+ through the Active Trader program.
Cons
- Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets, though it has introduced an intuitive copy trading app.
- Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
- Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.
XM
"With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years."
Christian Harris, Reviewer
XM Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
Regulator | ASIC, CySEC, DFSA, IFSC |
Platforms | MT4, MT5, TradingCentral |
Minimum Deposit | $5 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP, JPY |
Pros
- XM’s customer support has delivered over years of testing, with 24/5 assistance in 25 languages, response times of <2 minutes and now a growing Telegram channel.
- XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
- XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.
Cons
- While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
- XM is falling behind the curve by not offering cTrader and TradingView which are increasingly being favored over MetaTrader for their smoother user experience and superior charting packages.
- Although trusted and generally well-regulated, the XM global entity is registered with the weak IFSC regulator and UK clients are no longer accepted, reducing its market reach.
Eightcap
"Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."
Christian Harris, Reviewer
Eightcap Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
Regulator | ASIC, FCA, CySEC, SCB, CNMV |
Platforms | MT4, MT5, TradingView |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SGD |
Pros
- With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.
- After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
- Having excelled across all key areas for day traders, Eightcap outperformed every competitor to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title.
Cons
- The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
LiteForex Europe
"LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides. The forex copy system also lets you duplicate the positions of experienced traders."
William Berg, Reviewer
LiteForex Europe Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Indices, Commodities |
Regulator | CySEC, AFM |
Platforms | MT4, MT5 |
Minimum Deposit | $50 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP, CHF |
Pros
- LiteForex offers a range of proprietary mobile app tools which are ideal for traders who want to analyze the markets on the go
- LiteForex has been established for 15+ years and is regulated by a trusted regulator, CySEC
- A proprietary copy trading system is available which allows you to copy other trading patterns
Cons
- There is no swap-free trading account for Muslim day traders
- Fees are fairly high, with spreads starting from 2.0 pips in the Classic account and $10 forex commissions in the ECN account
- There are limited funding methods compared to other brands
eToro
"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."
Christian Harris, Reviewer
eToro Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs |
Regulator | FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF |
Platforms | eToro Web, CopyTrader, TradingCentral |
Minimum Deposit | $100 |
Minimum Trade | $10 |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP |
Pros
- Top copy traders can receive annual payments up to 1.5% of assets under copy in the broker's Popular Investor Program
- There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses
- The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat
Cons
- There are limited contact methods aside from the in-platform live chat
- There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital
- Traders will face currency conversion fees for account denominations other than USD
InstaForex
"InstaForex maintains its position as a top forex broker, with more currency products than most rivals. The tight spreads and low minimum deposits make it accessible to all experience levels, especially those familiar with the MT4 and MT5 platforms."
William Berg, Reviewer
InstaForex Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares Baskets |
Regulator | CySEC |
Platforms | MT4, MT5 |
Minimum Deposit | €200 (€1 after account opening) |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail), 1:500 (Pro) |
Account Currencies | USD, EUR, GBP, PLN, CZK |
Pros
- InstaForex delivers a superb day trading environment, with the powerful MT4 and MT5 platforms offering dozens of technical analysis tools, automation capabilities and multiple order types
- The broker is a particularly good pick for serious forex traders, with over 100 currency pairs, tight spreads from 0.0 pips and a market-leading selection of curated forex market resources
- The broker is accessible for beginners, with low minimum deposits and zero-commission trading available.
Cons
- Customer support is available only in EN, CZ, PL, and SK.
- The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers
- The broker provides trading instruments only in the form of CFDs.
Trade Nation
"Trade Nation is a good choice for newer traders looking for a wide range of financial markets on a user-friendly platform. There is no minimum deposit, free funding options and strong education."
William Berg, Reviewer
Trade Nation Quick Facts
Bonus Offer | 200 Sign-Up Reward Points |
---|---|
Demo Account | Yes |
Instruments | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) |
Regulator | FCA, ASIC, FSCA, SCB, FSA |
Platforms | MT4 |
Minimum Deposit | $0 |
Minimum Trade | 0.1 Lots |
Leverage | 1:500 (entity dependent) |
Account Currencies | USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK |
Pros
- Multiple account currencies are accepted for global traders
- The trading firm offers tight spreads and a transparent pricing schedule
- There is a low minimum deposit for beginners
Cons
- Fewer legal protections with offshore entity
Methodology
To find the best day trading platforms in France, we examined our database of 265 online brokers, focused on all those that accept French day traders, and ranked them by their overall rating.
Our ratings are derived from 100+ collected data points and our hands-on tests in key areas.
- We checked that each broker accepts French day traders.
- We only recommended brokers that our experts trust.
- We focused on brokers with a wide range of markets.
- We prioritized brokers with competitive day trading fees.
- We checked for reliable charting platforms and trading apps.
- We ensured each broker offers clear leverage requirements.
- We investigated the broker’s execution quality.
- We made sure each broker’s minimum deposit was accessible for French traders.
How To Choose A Day Trading Broker In France
There are several factors to consider when choosing a day trading platform:
Choose A Trusted Broker
A trusted, well-regulated broker will help ensure that your funds are held on a secure trading platform.
The Autorité des Marchés Financiers (AMF) is a ‘green tier’ regulator that investigates fraudulent investment schemes, taking enforcement action against unauthorized participants. For example, it blacklisted 14 illegal trading platforms in 2023, including one notable scheme that promised high returns through automated forex and crypto derivatives.
French traders can also sign up with other European-regulated brokers who operate under the EU’s passporting scheme. Participating regulators require that brokers provide the same safeguards to retail investors, including limiting leverage trading to 1:30 and offering negative balance protection so you can’t lose more than your balance when day trading volatile French stocks, for example.
- AvaTrade maintains its exemplary trust score, thanks to its multi-licensed status with respected regulators (including CySEC and CBI), plus its long track record since 2006. It also offers a fairly unique risk management tool, AvaProtect, effectively insuring against losses of up to $1 million.
Choose A Broker With A Wide Range Of Markets
It’s important to have access to the financial markets and vehicles you want to trade, with contracts for difference (CFDs) proving particularly popular with short-term traders.
French investors may be interested in popular currency pairs containing the euro (EUR), such as the EUR/USD and EUR/GBP, plus stocks and indices listed on the Euronext Paris, such as LVMH and the CAC 40 Index, with France ranking as the second-largest economy in Europe, trailing only Germany.
Major commodities like steel, gasoline and gold may also allow you to explore other short-term trading opportunities while helping to build a diverse portfolio.
- XM offers a superb range of local markets for French traders, including stock CFDs in 80 popular French companies, the CAC 40 Index, and the most widely traded EUR currency pairs. It’s also got one of the niftiest margin calculators I’ve used – great for helping day traders understand leverage requirements.
Choose A Broker With Competitive Day Trading Fees
Spreads and commissions are among the most frequent fees you will incur day trading. Fortunately, since some EUR currency pairs, notably the EUR/USD, are highly liquid, French traders can enjoy ultra-narrow spreads from 0.0 pips at leading platforms.
Weighing these against the overall day trading environment also allows you to determine whether higher costs are justified. For example, some brokers give you free access to filterable economic calendars or fiscal updates from key institutions, such as the Banque de France, potentially helping you identify and capitalize on intraday trading opportunities.
- Pepperstone’s raw spreads from 0.0 on EUR/USD and 1.0 on the CAC 40 index make it a great choice for French day traders. For no extra fee, I can also access an intuitive economic calendar where I can filter for major financial events in France, such as interest rate decisions from the central bank.
Choose A Broker With Reliable Charting Platforms
Day traders need a powerful and feature-rich environment to conduct technical analysis. Notable tools include indicators, graphical objects and short time intervals on charts.
From our years in the industry, it’s rare to find a broker that doesn’t offer either MetaTrader 4 or MetaTrader 5. However, their outdated designs are increasingly being outshined by more modern solutions like cTrader and TradingView.
I’ve found demo accounts, offered by the vast majority of our recommended brokers, are an excellent way to familiarize yourself with the platform’s features and test short-term trading strategies before registering for a live account.
- FxPro excels in this category, offering MT4, MT5, cTrader and a proprietary solution, which collectively delivers dozens of technical tools and integrated features. I particularly appreciate cTrader’s intuitive workspace, which allows me to view EUR/GBP and FRA40 charts alongside an economic calendar with an impact filter – great for staying abreast of market developments in France and further afield.
Choose A Broker With Reliable Order Execution
Fast and dependable order executions are vital for day trading, where any delays in filling orders on volatile French securities like Europlasma, for instance, can result in higher costs, eroding profit margins.
Leading brokers usually ensure that orders are filled at the best possible price while keeping delays to a minimum, preferably executing trades in less than 100 milliseconds.
- Moneta Markets is a very fast broker with order execution speeds of 15 milliseconds and connections to deep liquidity pools – creating an optimal environment for serious day traders. It also offers access to local and regional markets, from the France 40 to the Euronext index.
Choose A Broker With Clear Leverage Requirements
Leverage often plays an important role in day trading strategies – allowing you to increase the value of positions (and therefore any profits) while only putting down a small deposit (known as margin).
Let’s say I want to day trade the CAC 40 Index with leverage of 1:5. This means that if I put down €500, my trade will be magnified 5x, giving me buying power equivalent to €2,500.
However, leverage can also greatly magnify losses, so employing strict risk management and fully understanding your broker’s margin requirements is key.
- Eightcap offers sensible leverage up to 1:30, including on currency pairs like the EUR/USD and EUR/GBP. You can also easily adjust your leverage levels by contacting the broker – useful for beginners looking to lower their risk exposure.
Choose A Broker With An Affordable Minimum Deposit
After evaluating countless day trading platforms, we’ve found most brokers let you get started with up to 250 USD, approximately 230 EUR. That said, some brokers are geared towards beginners and budget traders with no minimum.
Depositing and withdrawing funds using popular payment methods in France can also help you minimize transaction costs and potentially enjoy faster processing times. Aside from card payments, digital wallets like PayPal and Apple Pay are leading funding options in France, according to research by Pay.com.
- eToro’s minimum deposit is an accessible $100, which can be deposited into a EUR-based account using convenient payment methods like PayPal. eToro also offers a fantastic roster of tradable assets that may be of interest to day traders in France, notably 128 French securities like Air France and BNP Paribas.
FAQ
Who Regulates Day Trading Platforms In France?
The Autorité des Marchés Financiers (AMF) regulates financial services providers in France, such as day trading platforms.
However, other European-regulated brokers can also onboard French day traders through the EU’s passporting scheme. Among the most prominent and respected financial authorities in Europe are the BaFin (Germany) and CySEC (Cyprus). It’s important to adhere to French tax rules if you do go down this route.
Which Is The Best Broker That Accepts Day Traders From France?
See our list of the top day trading platforms in France to find the broker that best ticks your boxes.
For example, XM is a terrific pick if you want low fees on a range of French markets. It also offers some of the highest-quality and easiest-to-digest education and research tools that I’ve seen – perfect for newer traders.
Recommended Reading
Article Sources
- Autorité des Marchés Financiers (AMF)
- Euronext Paris
- French Regulators Flag 14 Illegal Forex Platforms - Finance Magnates
- LVMH - Euronext Paris
- Europlasma - Euronext Paris
- Banque de France
- 6 Top Payment Methods In France - Pay.com
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