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There are very few other Forex markets who are dependant as the one in France. One of the reasons for the popularity of the Forex market is the liquidity of the Euro.
And also the fact that the Euro is used all over the world. The Forex market is also important for the French economy, and regulatory bodies are doing everything they can to make this form of trading as safe for consumers as possible.
In , they blacklisted more than 70 unauthorized Forex brokers in France, as the regulators became increasing concerned about fraudulent brokers targeting French investors. Many of the firms blacklisted were located overseas, outside of the European Union, and were benefiting from the fact that Forex trading can be offered online. Numerous other warnings have been issued in recent years regarding unauthorized Forex brokers, as well as informing investors of the risks involved in Forex trading.
A recent watchdog campaign organized by the Authority showed some stunning results. The clients of some Forex companies were able to open an account and trade without providing any form of identification, and when it came to withdrawing funds things proved to be very difficult.
Finding the right broker, and one that is reliable and trustworthy, is an important step to make when starting out in the Forex market. But there are a number of other factors to bear in mind before making a choice.
Best French Forex Brokers Forex trading has taken the world by storm. Was the information useful? Get the latest Forex updates now! For traders who prefer to trade with a fixed spread there is a Fixed account. Social trading has become a very popular option, and with HotForex, traders can connect with more than quarter of a million other traders, following and copying their successful trades. The trading platform that is used is the very popular FxStat. With HotForex there are a number of different options, depending on the way you prefer to trade.
This platform is also available in smartphone, PDA, and iPhone versions. In fact, if you prefer to trade while travelling to work, or while sitting in the garden HotForex is very mobile friendly. Many of the most popular broker websites offer an education program that is second to none. While HotForex may not concentrate all their efforts on trader education, there is still a more than ample education center, which includes a number of well known trading tools. The benefits of using HotForex.
There is no additional cost to our clients for this cover. Not available for EU clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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