Best Forex Broker in France (FR) – Reputed & Trustworthy

Best Forex Broker in France (FR) – Reputed & Trustworthy

Trading in Foreign Exchange has become the newest rage in the global market. Foreign exchange trading has literally taken the world by storm. That which was just another form of investing for big companies and high net worth individuals with a huge amount of liquidity, just a few years ago, has now opened up and almost anyone can participate with the potential to earn huge amount of money.

As with all forms of investment, the value of currencies can go up as well as down to the possibility of making huge losses cannot be ruled out completely. Therefore, it is always advisable to be cautious while investing in the foreign exchange market.

Hence it is a no-brainer for new investors to be very careful while trading in the forex market. Only when one has gained enough experience, working with a demo account, should one consider it worthwhile to start investing in the foreign exchange market.

France, like many other countries, has embraced the world of Foreign exchange trading, and there are plenty of opportunities for French citizens to participate.

The Regulating Authority in France

Best Forex Broker in France (FR)

The Autorite des marches financiers (AMF) is an independent body, responsible for safeguarding investments in financial instruments and all other savings, which is the financial regulator in France.

It is always advisable to make sure trading is done with a regulated Forex broker. Trading in foreign exchange (currencies) internationally is popular among traders in France. But before any foreign exchange broker in France can accept forex and CFD traders as clients, they must become authorized by the Autorite des marches financiers.

It was established by the Financial Security Act of August 1st, 2003 and was the result of the consolidation of three national regulatory bodies of the time that merged to become theAutorite Des marches financiers.

As a member of the European Union (EU), France’s Autorite Des Marches Financiers includes MiFID regulation. Autorite Des Marches Financiers is the main agency in France that is responsible for safeguarding the stability of the French financial markets.

Market Penetration of BlackBull Markets in France

BlackBull Markets till now do not have a presence in France but are keen on venturing into foreign exchange markets worldwide. France is a new market for them where they are keen to establish their dominion in the near future.

History of the Forex Market in France

Before France joined the European Union, the official currency was the French Franc. But once it joined the European Union, the official currency became the Euro. Ever since it was introduced in 2002, it has been used in most money operations carried out in France.

Trading in the foreign exchange markets has been taking place for years, but it was not until the advent of online Forex trading that its horizons broadened and it became easily accessible to everyone.

Now a number of foreign exchange brokers are offering their services to Residents of France, and there are also a number of local French Forex brokers to choose from. Since the French foreign exchange markets have largely expanded and are ever growing, BlackBull Markets are looking to venture in, in order to capture it significantly.

The Bank of France is one of the biggest influences on the foreign exchange market in France. There are very few other Foreign exchange markets who are as dependent as the one in France.

The aim of the bank in France is to stabilize the market, introduce new fiscal and foreign exchange policies, thereby, helping in its growth.

Conclusion

France is not one of the major players in the Forex market but is still responsible for a large part of the trading volume. The reasons for the popularity of the Forex market are the liquidity of the Euro. Euro is used all over the world which makes it very volatile as well.

The Forex market is very important for the growth of the French economy, and regulatory bodies are doing everything to make the market failsafe for the investors.

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