Reply To: How can I spot scam brokers?

#197050
James Barra
Moderator
    DayTrading.com Team

    Hi Oak2Smoke,

    Choosing a broker regulated by the French AMF is sensible. See our pick of the top AMF-regulated brokers.

    Alternatively, you could choose a broker authorized by another comparable European regulator, such as the BaFin (Germany) or CySEC (Cyprus).

    These regulators operate under the framework of the Markets in Financial Instruments Directive (MiFID II), which ensures a high standard of investor protection, transparency, and financial stability across the European Economic Area (EEA).

    By selecting a trading platform regulated by one of these authorities, you can still benefit from passporting rights, which allow financial services firms authorized in one EU member state to operate freely across others, this case France.