France Forex Trading Brokers

July 3, 2013 7:44 am

france_forexHere you will find a list with the most reputable forex brokers in France reviewd by BinaryTribune. The official currency in France was the Franc, but since the country joined the European Union, France’s official currency has been the Euro. It was first introduced in 2002 and since then it has been used in most money operations carried out in France.

The French foreign exchange market has been around for many years, but its expansion and rapid development started with the introduction of the new technologies that made online Forex trading possible.

All foreign exchange operations in France are carried out by banks and Forex trading agencies. The French Forex market is regulated by the Bank of France. This is institution is also responsible for setting the exchange rates, which by the way, are highly dependent on the Euro’s exchange rate with other currencies.

One of the most interesting facts about the foreign exchange market in France is that the Bank of France has the biggest influence in it. No other Forex market is as dependent as the one in France. The goal of the bank is to stabilize the market, help its development, and to introduce new fiscal nad foreign exchange policies.

Best Brokers for Traders from France

Although France isn’t considered to be one of the major players in the Forex market, its market is still responsible for a major part of the trading volume generated by the Forex market. One of the main reasons for this is the liquidity of the Euro, and the fact that this currency is used around the entire world. The French Forex market is very important for France’s economy, and the government is doing its best to help the market grow, in order to be able to make use of the money it brings.

France is one of the seven members of the G7 group, so it isn’t a surprise that the country works with a floating exchange rate system. This is a very good thing, because the French foreign exchange market can adapt itself to different economic and political climate, and stay stable even if the world economy is in a crisis situation.

The development of the French foreign exchange market attracted many investors and companies, and at the moment there are many Forex trading agencies and brokers that operate in the country. Other than that, there are also hundreds of websites and news portals that regularly provide the latest news regarding the market the country’s economy.

Where to Trade

BinaryTribune is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action, Binary Options and Social Trading.

Related