Best Financial Markets Authority (AMF) Regulated Brokers 2025
We’ve tested and ranked the top brokers regulated by the Financial Markets Authority (AMF) in France, ensuring high standards of trust and reliability.
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1eToro is a leading platform for trading various assets like CFDs, stocks, and cryptocurrencies. Established in 2007, it has millions of users worldwide and is regulated by top authorities like the FCA and CySEC. The brand is well-known for its social trading features. Crypto Trading is offered through eToro USA LLC; investments involve market risk, including potential loss of principal. CFDs are not available in the US. Crypto investments are risky and highly volatile. Taxes may apply. Understand the risks here. 61% of retail accounts lose money.
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.0 Saxo Markets is a renowned trading brokerage, investment firm and bank. It offers over 72,000 trading instruments, investment products, and managed portfolios, ensuring ample opportunities for clients. It operates under the regulation of more than ten agencies including FINMA, FCA & ASIC, thus providing the best protection. The firm is well-known for its transparent pricing.
Compare the Best AMF-Regulated Brokers
Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Comparison for Advanced Traders
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Accounts Comparison
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Detailed Rating Comparison
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Fee and Cost Comparison
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Broker Popularity
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Why Trade With eToro?
eToro's social trading platform ranks highly due to its excellent user experience and active community chat, useful for beginners seeking trading opportunities. The platform also offers competitive fees on a vast selection of CFDs and actual stocks, alongside beneficial rewards for skilled strategy contributors.
Pros
- eToro is a well-known brand with strong global regulation and a community of over 25 million users.
- There is a complete online training academy offering easily accessible resources, including short articles and detailed courses.
- Top copy traders can earn up to 1.5% annually on copied assets in the broker's Popular Investor Program.
Cons
- The minimum withdrawal amount is $30 with a $5 fee, impacting beginners with little capital.
- Contact options are limited, except for the in-platform live chat.
- The absence of extra charting platforms like MT4 may reduce the appeal for experienced traders used to third-party software.
Why Trade With Saxo Bank?
Saxo is ideal for frequent traders and large-scale investors due to its extraordinary range of tools, high-quality market research, and fee discounts. Moreover, its offering of 190 currency pairs with narrow spreads makes it suitable for forex traders.
Pros
- Sophisticated proprietary trading platforms with extensive charting options and advanced analytical tools.
- You can use thorough analysis tools like TradingView and Updata for trading.
- The ISA account is easily available and adaptable, without any charges for initiating or concluding transactions.
Cons
- To view Level 2 pricing, a subscription is necessary.
- The trading accounts require substantial funding.
- Do not accept clients from certain regions, specifically the US and Belgium, for trading activities.
Filters
How BrokerListings.com Selected the Top AMF Brokers
To determine the best brokers regulated by the AMF (Autorité des Marchés Financiers), France’s primary financial regulator, we followed three key steps:
- Regulatory Verification: We confirmed each broker’s AMF registration via the official database, ensuring compliance with French financial regulations and the broader MiFID II framework.
- Broker Evaluation: Using our in-house broker assessment model, we analyzed over 200 criteria, from execution quality and fee structures to platform stability and client fund protections.
- Practical Testing: Beyond regulatory checks, we carried out hands-on testing to evaluate how these AMF-regulated brokers perform in actual trading conditions.
What Is The AMF?
France’s financial markets are tightly supervised and regulated by the Autorité des Marchés Financiers, or AMF for short.
Translated as the Financial Markets Authority in English, the AMF was created in 2003 to unify the powers of three separate organizations – the Conseil des Marchés Financiers (CMF), the Commission des Opérations de Bourse (COB), and the Conseil de Discipline de la Gestion Financière (CDGF) – under a single body.
The AMF’s remit covers three main areas: “to safeguard investments in financial instruments and other publicly issued securities, to ensure that investors receive material information, and to maintain orderly financial markets.”
Under BrokerListings’ broker regulator classification system, the AMF is categorized as a Category A outfit. This means traders and investors can expect high levels of protection from bad business practices and fraudulent actors.
Part of the regulator’s mandate involves issuing licenses to financial services companies including online brokerages, monitoring their activities, and taking enforcement action if it deems that rules have been broken.
What Powers Does The AMF Have?
The AMF says that its investigators and inspectors “work closely with other French and foreign authorities that supervise the banking and finance industries.” Based on their findings, they can implement settlement proceedings or slap sanctions on individuals and financial services providers.
It has wide ranging powers to make its conclusions, and can seize documents and conduct home visits subject to approval from the custodial judge of the competent court.
The regulator has a range of actions it can initiate based on the outcome of its investigations. These include:
- Serving a statement of objections to the defendant and proposing a settlement.
- Serving a statement of objections to the defendant and opening sanction proceedings.
- Assigning the case to other French or foreign administrative authorities for matters within their jurisdiction.
- Transferring the case to the Public Prosecutor’s Office if the report suggests a criminal offence has taken place.
- Sending a letter of observations to the defendant to remind them of their obligations.
One of the AMF’s most notable cases involved Polish broker X-Trade Brokers Dom Maklerski. In November 2021, it fined the company €300,000 for failures in the marketing and dealing of contracts for difference (CFDs) by its French branch between 2013 and 2020.
Breaches included failing to include clear risk warnings in Google advertisements, and asking insufficient questions about clients’ knowledge and experience.
In 2024, the AMF successfully executed 12 enforcement decisions, resulting in total fines of €34.94 million. It also had the same number of settlement agreements approved, amounting to a total of €2.39 million.
What Rules Must An AMF Broker Follow?
AMF’s regulatory principles follow those laid down in the Markets in Financial Instruments Directive II (MiFID II).
This piece of legislation was introduced by the European Securities and Markets Association (ESMA) during the late 2010s, and was designed to harmonize the regulatory regimes of European Union members including France.
MiFID II rules require that “member States shall require that, when providing investment services or, where appropriate, ancillary services to clients, an investment firm act honestly, fairly and professionally in accordance with the best interests of its clients.”
In practical terms, this means brokerages should strive to:
- Achieve the best result for their customers. This is based on a range of factors including asset prices and trade execution speed.
- Ask appropriate questions to ensure that the product or service discussed is suitable based on the customer’s knowledge and experience.
- Clearly communicate the risks that online trading poses to individuals’ money.
- Ensure that all advertising and marketing material is transparent, fair, and not misleading.
- Separate the firm’s assets from those of the client, so that customers’ capital is protected should the company go bust.
- Establish clear and effective procedures if customers wish to raise a complaint.
- Maintain comprehensive records of the services, trades and other activities conducted on behalf of the client.
How Can I Check If A Brokerage Is AMF Regulated?
The regulator doesn’t itself operate a catalogue of companies that are licensed to trade. Instead, individuals can check a broker’s regulatory status by using the Registre des Agents Financiers (REGAFI).
The catalogue is maintained by the Autorité de contrôle prudentiel et de resolution (ACPR), which translates as the French Prudential Supervision and Resolution Authority in English. This is an independent administrative authority that receives backing from the Banque de France.
For example, I wanted to check that a brokerage I’m considering – eToro – is authorized by the AMF. I can carry out a quick search, or a more advanced one, using the options below:

The homepage of REGAFI’s online database. Source: ACPR
In this case, I used the Quick Search option, punching in the company’s name and then hitting Submit. My investigation yields the following result:

Finding eToro. Source: ACPR
After clicking on ‘Etoro (Europe) limited’ in the name field, I’m greeted with a Company Description providing basic details including date of registration. I can also click on the Activities Based In France tab to find out what functions the broker is authorized to carry out:

eToro’s profile on the REGAFI catalogue. Source: ACPR
The whole process was simple to conduct, and took less than a minute to complete.
Pro tip: The AMF also publishes blacklists of companies and websites online. Individuals can check up-to-date additions to these lists on its webpage, as well as download full lists according to asset class (such as forex and cryptocurrency assets).
The regulator also maintains a warnings page to keep the public informed about possible scams and suspicious activities.
Bottom Line
France’s robust regulatory landscape means investors can expect high levels of protection from AMF-approved brokers. Checking a brokerage’s approval status is simple and quick, and an essential step given the rising threat of financial services fraud.
Article Sources
Autorité des Marchés Financiers (AMF)
Creation of the Autorité des marchés financiers – AMF
The AMF publishes its 2024 Annual Report – AMF
European Securities and Markets Association (ESMA)
Registre des Agents Financiers (REGAFI)