Financial Markets Authority (AMF) Brokers 2024

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Royston Wild
Royston is an experienced investor and writer. His expertise includes stock recommendations through to commodities, forex, and macroeconomic news. Royston's background includes roles as a stocks and commodities reporter, and editor of forex coverage at Shares Magazine.
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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In France, the Financial Markets Authority (AMF) – known locally as the Autorité des Marchés Financiers – regulates the country’s financial system and authorizes the activities of online brokers.

The AMF is considered a ‘green-tier’ regulator under our Regulation & Trust Rating, meaning that day traders can expect a high level of protection. Helpfully for investors, it regularly updates a warning list of unauthorized brokers that traders should avoid.

The French regulator is also relatively active, making 17 enforcement decisions in 2023, resulting in total financial penalties of €34.94 million. It also settled 10 cases which generated another $1.35 million in fines.

Here you’ll find a selection of the best brokers regulated by the AMF. Each one can be found on REGAFI’s database of authorized companies.

Best AMF Brokers

Following testing, these 3 AMF-regulated trading platforms stood out from the crowd:

Click a broker for details
  1. 1
    XM
    $30 No Deposit Bonus When You Register A Real Account

    Ratings
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4.3 / 5
    4 / 5
    4.5 / 5
    4.5 / 5
    4.5 / 5
    4.7 / 5
    3.9 / 5

    $5
    0.01 Lots
    1:1000
    ASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF
    Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
    MT4, MT5
    Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-Pesa
    USD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF
  2. 2
    eToro
    51% 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
    4.8 / 5
    4 / 5
    4.5 / 5
    3 / 5
    4 / 5
    3.5 / 5
    4.5 / 5
    4.5 / 5
    4.8 / 5
    4 / 5

    $10
    $10
    FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF
    Stocks, ETFs, Options, Crypto
    eToro Web, CopyTrader, TradingCentral
    Visa, Skrill, Neteller, Wire Transfer, Rapid Transfer, Swift, Debit Card, iDeal, Klarna, Sofort, PayPal, Trustly, Przelewy24
    USD
  3. 3
    Saxo Bank
    66% of retail accounts lose money.

    Vary by asset
    1:30
    DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB
    Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
    TradingView
    Wire Transfer, Credit Card, Visa, Mastercard
    USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF

Here is a summary of why we recommend these brokers:

  1. XM - XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.
  2. 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. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US 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 accounts lose money.
  3. Saxo Bank - Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.

AMF Brokers Comparison

AMF Brokers Comparison
Broker Minimum Deposit Markets Platforms Leverage
XM logo
$5 Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures MT4, MT5 1:1000
eToro logo
$10 Stocks, ETFs, Options, Crypto eToro Web, CopyTrader, TradingCentral -
Saxo Bank logo
- Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs TradingView 1:30

XM

"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."

William Berg, Reviewer

XM Quick Facts

Bonus Offer$30 No Deposit Bonus When You Register A Real Account
Demo AccountYes
InstrumentsForex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
RegulatorASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF
PlatformsMT4, MT5
Minimum Deposit$5
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF

Pros

  • XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights
  • The broker offers premium research including market sentiment, fundamental insights and strategy builders
  • Accessible trading accounts with a $5 minimum deposit and fast account opening

Cons

  • There's $5 inactivity fee after only 3 months, though this won't affect active traders
  • There is weak regulatory oversight through the global entity
  • PayPal deposits are not supported

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 AccountYes
InstrumentsStocks, ETFs, Options, Crypto
RegulatorFCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF
PlatformseToro Web, CopyTrader, TradingCentral
Minimum Deposit$10
Minimum Trade$10
Account CurrenciesUSD

Pros

  • Exciting investment portfolios are available covering traditional market trends as well as tech, crypto and more
  • The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat
  • The broker's services are great for beginners, with commission-free stock trading, a low minimum deposit and an unlimited demo

Cons

  • The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software
  • There are limited contact methods aside from the in-platform live chat
  • There are no guaranteed stop loss orders which would be a useful risk management feature for beginners

Saxo Bank

"Saxo is best for active traders and high-volume investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders."

Tobias Robinson, Reviewer

Saxo Bank Quick Facts

Demo AccountYes
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
RegulatorDFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB
PlatformsTradingView
Minimum TradeVary by asset
Leverage1:30
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF

Pros

  • Heavily regulated and trustworthy brand based in Switzerland
  • Low fees with premium account tiers
  • High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions'

Cons

  • Access to Level 2 pricing requires a subscription
  • Clients from some jurisdictions not accepted including the US and Belgium
  • High funding requirements for the trading accounts

Methodology

To locate the top brokers that are regulated in France, we:

  • Consulted our database of around 500 brokers to identify those claiming to be authorized by the AMF.
  • Punched their details into the regulator’s online search facility to confirm their credentials.
  • Blended the findings of our hands-on testers with 100+ data points to compile a list of the best brokers.

How Can I Check If A Broker Is Regulated By AMF?

There are three simple steps you can take to ascertain whether a broker has AMF authorization:

  1. Go to REGAFI’s register of approved financial companies.
  2. Type the broker’s name into the search field.
  3. If the company appears, click on the details in the ‘REGAFI Identifier’ or ‘Name’ fields to see additional details (like business address and regulated activities).

Here you can see the results of a search I ran on eToro, revealing that the company is AMF-authorized through the EU’s cross border initiative.

author image
Royston Wild
Author
eToro authorization on French AMF database
eToro – AMF License

What Rules Must AMF-Regulated Brokers Follow?

Online brokers in France must follow a strict framework of rules designed to protect retail investors and the broader financial system.

France’s membership of the European Union means that the AMF follows many requirements demanded by the European Securities and Markets Association (ESMA).

One important piece of legislation is the Markets in Financial Instruments Directive II (MiFID II), which was introduced in 2018 to safeguard investors and boost the efficiency, transparency and strength of financial markets across the European Union.

Key rules that brokers regulated in France must follow include:

The AMF can issue financial penalties, and/or suspend or revoke a trading platform’s authorization to deal if they violate regulations.

💡
In 2021, the regulator fined broker X-Trade €300,000 on multiple grounds, including failure to properly disclose risks associated with trading Contracts for Difference (CFDs).

Bottom Line

A strict regulatory regime makes France a great place for day traders to set up shop. But as with any territory, investors need to be on the lookout for fraudulent actors. The AMF says that 15% of the French population have been victims of a financial scam at one time or another.

It’s therefore important that traders only use a brokerage that has regulatory approval to do business. This can be checked in just a few minutes through the AMF website. Alternatively, use our list of the best brokers regulated in France.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com