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As a result of the increased level of complaints, the French authorities have taken a hard line stance against high-risk investments by banning all electronic advertisements of such products. Nevertheless, it is legal to trade forex in France although as a French trader, you need to conduct your own due diligence to find the best French forex brokers to work with. The French financial regulator AMF Autorité des Marchés Financiers has always maintained a strong stance against financial fraud of any kind.
It has always tried to encourage its citizens to invest in more conservative investments such as stocks. To protect its citizens from being lured into investing in high risks investment products, the AMF has totally banned all electronic advertisements of forex products due to the belief that most of the forex brokers in the industry have downplayed the risks involved in forex trading.
Consequently, the AMF has now maintained an official list of forex brokers that are unauthorized and unsafe to invest with. Because of the strict monitoring and actions taken by the AMF, most of the unauthorized brokers have moved their operations outside the reach of the AMF or have switched to other products. Established in under the Financial Security Act, Autorité des Marchés Financiers AMF is the main agency in France that is responsible for safeguarding the stability of the French financial markets.
The majority of the French forex brokers are actually local branches of forex brokerage firms that obtained their authorization from the Cyprus Securities Exchange Commission CySEC.
As the target markets of these brokerage firms are clients from all over the world, these brokers usually adopt the trading platforms that have the widest appeal. The most popular being the MetaTrader platform. Other trading platforms that are normally adopted by the forex brokers in France are the cTrader and the Sirix WebTrader.
It is the forex industry standard practice not to charge traders any commissions on the trades that they make. In lieu of commission charges, what forex brokers do is widen the spreads which traders have to pay on the assets that they are trading.
These spreads can be fixed or floating and typically range from 0. For forex brokers operating with a NDD Non Dealing Desk business model, only then will traders be required to pay a small commission for each lot traded. French forex traders are likely to encounter the same kind of trading conditions as other forex traders from other parts of the world since the forex market is a global market.
Forex brokers that cater to the retail forex market generally offer 3 types of trading accounts to their clients. The forex market has a lot of unique attributes that may come as a surprise for new traders.
Learn more about who trades foreign currencies and why. Trading foreign currencies can be lucrative, but there are many risks. Investopedia explores the pros and cons of forex trading as a career choice. The forex markets can be both exciting and lucrative. Find out what jobs exist in this space and how to get them. Even though the odds favor stock trading, forex trading has several advantages to offer a particular type of investor.
Every currency has specific features that affect its underlying value and price movements in the forex market.
Learn why these currencies are especially popular for trading. Discover the best ways to find a broker who will help you succeed in the forex market. Learn how these futures are used for hedging and speculating, and how they are different from traditional futures.
As market demand is not driven by individual geographies, many smart investors trade precious metals in order to diversify their portfolio and hedge their positions, even when the markets are down. Rates are updated tick-by-tick in periods of less than a second. Award winning broker for technology and client satisfaction Investment Trends Research Results. Advanced charting and free research tools.
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For more information refer to our regulatory and financial compliance section.