Quick Overview Of The Best Online Brokers In France

  1. Interactive Brokers is easily the best online broker in France. Low trading costs.
  2. DEGIRO – One of the market’s lowest fees. 
  3. Saxo Bank – Great trading platform. 
  4. XTB – Commission-free stocks/ETFs for some. 
  5. eToro – Free stock and ETF trading.

While many international online trading brokers provide excellent service, the ones on our list go above and beyond. These international online trading platforms provide a diverse range of asset and market classes and are appropriate for novice and experienced traders.

Interactive BrokersDEGIROSaxo BankXTBeToro
Broker introInternational broker providing all asset classesGerman-Dutch discount brokerDanish investment bankGlobal CFD brokerGlobal social trading broker
Overall score4.9stars4.9stars4.8stars4.8stars4.8stars
Minimum deposit€0€0€2,000€0€50
Account opening score3.2stars5.0stars3.8stars5.0stars5.0

Trading Fees

In most cases, the most important broker selection criteria are how much money you have to spend for trade in commissions, spreads, and other trading costs. So we compiled the most significant fees for you in the table below.

Interactive BrokersDEGIROSaxo BankXTBeToro
US stock€1.0€1.0€10.0€0.0€0.0
UK stock€3.4€3.1€9.0€0.0€0.0
EURUSD benchmark fee€14.7€14.6€17.7€15.6
US stock index options€6.5€7.5€30.0
Mutual fund€15.0€3.9€0.0
S&P 500 index CFD fee€3.3€3.1€4.0€3.1

All commission spreads and financing rates (if applicable) for opening, holding, and closing positions.

Other Fees At International Online Brokers

Non-trading fees are charges that are not directly linked to a specific trade. Account maintenance fees, deposit/withdrawal fees, and inactivity fees are common.

Interactive BrokersDEGIROSaxo BankXTBeToro
Account feeNoNoNoNoNo
Inactivity feeNoNoYesYesYes
Withdrawal fee€0€0€0€0€5
Deposit fee€0€0€0€0€0

Our Assessment Of The Best Online Brokers In France

We strive to make it easy for you to compare and select the best broker in France for your needs. Below is a summary of our results in the most important aspects of the services provided by these trading platforms.

Interactive BrokersDEGIROSaxo BankXTBeToro
Overall score4.9stars4.9stars4.8stars4.8stars4.8stars
Fees score4.5stars4.5stars3.0stars4.2stars4.3stars
Mobile platform score3.5stars4.5stars5.0stars4.4stars4.9stars
Deposit and withdrawal score3.0stars3.0stars4.8stars4.5stars3.8stars
Account opening score3.2stars5.0stars3.8stars5.0stars5.0

Interactive Brokers

Traders searching for broad market access and a professional trading environment should consider this broker.

  • Best online broker
  • Best broker for day trading
  • Best broker for investing

Interactive Brokers, one of the biggest discount brokers in the United States, was founded in 1977. Several financial authorities worldwide regulate the broker, including top-tier entities like the UK’s FCA (Financial Conduct Authority) and the United States Securities and Exchange Commission.

Given that the broker has multiple top-tier regulator licences, a long track record, and publicly disclosed monetary info while being listed on a stock exchange, everything points to IB being a safe service provider.

Best Online Broker In France 1
Interactive Brokers Snapshot
Minimum deposit€0
Fees classLow
Deposit methodBank transfer
Withdrawal methodBank transfer
Withdrawal fee€0
Time to open account1-3 days
Inactivity feeNo

Pros And Cons

Interactive Brokers has some of the market’s lowest trading fees. It covers various markets and products and offers several useful research tools.

On the downside, the account opening process is difficult, and customer service could improve. Furthermore, the desktop trading platform may need to be simplified for newcomers.

ProsCons
• Low trading fees• Complicated account opening process
• Wide range of products• Complex desktop trading platform
• Many great research tools• Understaffed customer service

Main Features And Highlights

Country of regulationUSA, Ireland, UK, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore
Trading fees classLow
Inactivity fee chargedNo
Withdrawal fee amount€0
Minimum deposit€0
Time to open an account1-3 days
Deposit with bank cardNot available
Depositing with electronic walletNot available
Number of base currencies supported23
Demo account providedYes
Products offeredStock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured Products

Fees Snapshot

AssetsFee levelFee terms
US stockLow€0.005 per share, min. €1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.
EURUSDLowTrade value less than €1 billion: 0.2 bps * trade value; min. €2
Mutual fundAverage€14.95 per transaction or 3% of trade value, whichever is lower
Inactivity feeLowNo inactivity fee

Trading Fees

Trading commissions at Interactive Brokers are low. This is ideal if you frequently conduct a large number of trades.

The IBKR LITE plan is only available to clients in the United States. They can trade US-listed stocks and ETFs commission-free with this service plan.

Clients from any country can choose the IBKR Pro plan, which has two pricing options.

  • The fixed-rate price plan usually charges a set fee per contract or share. This fee includes all commissions and exchange fees.
  • Fees for the tiered pricing plan are calculated based on your monthly trading volume. The lower the commissions, the more you trade. On the other hand, exchange, regulatory, and clearing fees may also be charged.
Best Online Broker In France 2

Stock And ETF Fees

The stock and ETF commissions at Interactive Brokers are generally low.

SMART routing for IBKR Pro clients continuously scans competing markets. It automatically routes orders directly to the best available market based on price while also considering factors such as the availability of automatic order execution.

 Interactive BrokersSaxo BankDEGIRO
US stock€1.0€10.0€1.2
UK stock€3.4€11.2€3.9
German stock€3.0€12.0€5.9

At Interactive Brokers, the stock trading fee is volume-based: it is calculated either per share or as a part of a percentage of the trade value, with a minimum and maximum. Fees for ETFs are the same as those for stocks.

It’s also great that Interactive Brokers allows you to trade fractional shares of US and European stocks and ETFs.

MarketCommissionMinMax
US€0.005 / share€11% of the trade value
CanadaCAD 0.01 / shareCAD 10.5% of the trade value
Mexico0.1 % of the trade valueMXN 60No
UK 0.05% of the trade value£3No
Belgium, France, Germany, Spain, Italy, Netherlands0.05% of the trade value€3No

You should look into Interactive Brokers’ margin rates if you prefer margin trading. How much is the margin rate? When you trade on margin, you are charged margin rates. This means you borrow money from your broker to trade and must pay interest.

Margin rates differ depending on the amount and currency of the borrowed funds. For IBKR Pro customers, Interactive Brokers’ margin rates are among the best in the industry. However, if you choose the IBKR Lite plan, you will be charged a higher annual rate – for example, the markup for IBKR Lite under €100k is 2.5%, whereas it is 1.5% for IBKR Pro.

Annual Margin Rates

 Interactive BrokersSaxo BankDEGIRO
USD margin rate5.3%4.0%
GBP margin rate4.5%4.0%
EUR margin rate2.8%4.0%

DEGIRO

It is recommended for traders and investors who want only execution.

  • Best discount broker
  • Best broker for stock trading

DEGIRO is an online discount broker based in Germany and the Netherlands. Former employees of another brokerage firm in the Netherlands founded it in 2008. In early 2021, DEGIRO merged with flatexDEGIRO Bank AG, forming Europe’s largest online execution-only broker with its banking licence.

DEGIRO is governed by top-tier financial regulators such as Germany’s Federal Financial Supervisory Authority (BaFin).

Best Online Broker In France 3
DEGIRO snapshot
Minimum deposit€0
Fees classLow
Deposit methodBank transfer
Withdrawal methodBank transfer
Withdrawal fee€0
Time to open account1 day
Inactivity feeNo

Disclaimer: There is a risk of loss when investing.

Disclaimer for UK customers: The Financial Conduct Authority considers it to be authorised and regulated. Consumer protections can vary from those applicable to firms in the United Kingdom. The FCA’s website contains information about the Temporary Permissions Regime, which permits EEA-based firms to work in the UK for a limited time while seeking full authorisation.

Pros And Cons

DEGIRO has one of the lowest fees on the market across all asset classes and is governed by several top-tier regulators. Its web and mobile trading platforms are attractive and straightforward to use.

On the negative side, forex trading is unavailable, research tools are limited, and credit/debit card deposits are not accepted.

ProsCons
• It has one of the lowest fees on the market• Forex not available
• Regulated by top-tier authorities• Limited research tools
• Easy-to-use web and mobile platform• No credit/debit card deposit

Main Features And Highlights

Country of regulationGermany
Trading fees classLow
Inactivity fee chargedNo
Withdrawal fee amount€0
Minimum deposit€0
Time to open an account1 day
Deposit with bank cardNot available
Depositing with electronic walletNot available
Number of base currencies supported9
Demo account providedNo
Products offeredStock, ETF, Fund, Bond, Options, Futures

Fees Snapshot

AssetsFee levelFee terms
US stockLow€1 per trade (€0.00 commission plus a €1 handling fee)
EURUSDNot available
Mutual fundLow€3.9 and 0.2% annual administration fee
Inactivity feeLowNo inactivity fee

Trading Fees

DEGIRO charges low trading fees across all asset classes. We examined DEGIRO France fees; however, fees vary slightly from country to country.

Stock Fees And ETF Fees

DEGIRO charges low commissions on stocks and ETFs. If you trade on the US and Canadian stock exchanges, DEGIRO does not charge a commission.

However, a €1 fee per trade handling charge remains in effect.

There is also a list of ETFs that can be traded for free once a month (conditions apply; more information is available at DEGIRO), implying one buy or sell transaction. Additional transactions for the same ETF product within the same month may be free as long as they are the same type of transaction (sell or buy) as the first one and the trade is worth at least €1,000.

 DEGIROInteractive BrokersSaxo Bank
US stock€1.0€1.0€10.0
UK stock€3.1€3.4€9.0
German stock€4.9€3.0€9.9

If you own dividend-paying stocks, you should avoid opening a custody account because the dividend processing fee is very high: €1 + 3% of the dividend amount.

DEGIRO now has fixed commission and handling fees on all stock exchanges, regardless of trade volume.

Please keep in mind that the table below refers to charges for French customers and that there is usually a discount for trading in your home market.

MarketCommission+Handling fee
UK£1.75 + €1 handling fee
US, Canada€0.00 + €1 handling fee
Germany – XETRA, Frankfurt, Austria, Belgium, Denmark, Finland, France, Italy, Ireland, The Netherlands, Norway, Portugal, Spain, Sweden, Switzerland€3.90 + €1 handling fee
Czech Republic, Greece, Hungary, Turkey, Poland€3.90 + €1 handling fee
Australia, Hong Kong, Japan, Singapore€5.00 + €1 handling fee
ETFs€2.00 (Tradegate: €3.90) + €1 handling fee
Free ETFs1 free trade/month

*An exchange connection fee of €2.50 may apply if you purchase outside your home market. Also, if your account currency differs from the currency of the product, currency FX fees may apply.

Best Online Broker In France 4

If you prefer to trade stocks on margin, you should look into DEGIRO’s margin rates.

When you trade on margin, you are charged margin rates. This means you borrow money from your broker to trade and must pay interest.

The annual margin rate is 3%, and it is charged monthly.

 DEGIROInteractive BrokersSaxo Bank
USD margin rate3.0%5.3%
GBP margin rate3.0%4.5%
EUR margin rate3.0%2.8%

Fund Fees

DEGIRO has low fees for funds.

 DEGIROInteractive BrokersSaxo Bank
Mutual fund€3.9€15.0€0.0

DEGIRO charges a flat fee of €3.90 for investment funds. DEGIRO passes on any entrance or exit fees imposed by the fund provider to the client.

Custody fees (called “service fees” by DEGIRO) are charged monthly. They depend on the value of your investment-fund portfolio on the last day of the month. It amounts to 0.2% per year, except FundShare Cash Funds and Morgan Stanley Liquidity Funds, which have no such charge.

Saxo Bank

Traders and Investors searching for a great trading platform and robust research should consider this option.

  • Best forex broker
  • Best trading platform
  • Best app for stock trading

The Danish investment bank Saxo Bank, founded in 1992, offers online trading and investment services. Several financial authorities worldwide regulate the company, including the Danish FSA (Financial Services Agency) and the UK’s Financial Conduct Authority.

As a global service provider, Saxo Bank operates several separate legal entities in various parts of the world. The services the various entities provide may differ slightly, particularly in terms of fees and product portfolios. We tested Saxo Markets UK in this review.

Saxo Bank’s safety is enhanced because top-tier financial authorities regulate it, it has a long track record, and it has a banking background.

Saxo Bank Snapshot
Minimum deposit€2,000
Fees classAverage
Deposit methodBank transfer, Credit/debit cards
Withdrawal methodBank transfer
Withdrawal fee€0
Time to open account1 day
Inactivity feeYes

Pros And Cons

An excellent and well-designed trading platform drives the Saxo trading experience. Saxo’s research team constantly provides trading ideas, so research services are also excellent. Saxo has a diverse product portfolio that can meet the needs of even the most seasoned traders.

On the negative side, Saxo’s trading fees for bonds, options, and futures are high. The minimum deposit is relatively high, ranging from €600-€2,000, depending on where you live. There is also no live chat customer service or 24/7 availability.

Best Online Broker In France 5
ProsCons
• Great trading platform• High bond, options and futures fees
• Outstanding research• High minimum deposit
• Broad product portfolio• Lacks live chat and 24/7 availability

Main Features And Highlights

Country of regulationDenmark, UK, France, Italy, Switzerland, Singapore, Japan, Hong Kong, Australia
Trading fees classAverage
Inactivity fee chargedYes
Withdrawal fee amount€0
Minimum deposit€2,000
Time to open an account1 day
Deposit with bank cardAvailable
Depositing with electronic walletNot available
Number of base currencies supported26
Demo account providedYes
Products offeredStock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, SaxoSelect

Fees Snapshot

AssetsFee levelFee terms
US stockAverage€0.02/share; min €10, but using VIP pricing the minimum can be as low as €3
EURUSDLowClassic account: the fees are built into the spread, 0.7 pips is the average spread cost during peak trading hours. Using VIP pricing the spread can be as low as 0.4 pips.
Mutual fundLowMutual funds are available only in certain countries. The broker doesn’t charge any fee for mutual fund trading.
Inactivity feeHighIn the UK, £25 after one quarter of inactivity. SIPP and ISA accounts are exempt from this fee. In non-UK countries, up to €150 after 6 months of inactivity.

Trading Fees

Overall, Saxo Bank charges average trading fees. Although the fee structure varies by account type, it is transparent and easy to calculate costs. We investigated the Classic account’s fee structure. The pricing structure for Saxo’s Platinum and VIP accounts is more favourable.

If you want high-quality service and are willing to pay slightly higher fees, we recommend Saxo. Discount brokers are a better option if you want to save money. Look at the breakdown of Saxo’s fees for various asset classes.

Fund Fees

The mutual fund fees at Saxo are low. Although Saxo does not charge a fee to trade mutual funds, these assets have annual maintenance fees charged by the fund manager rather than the broker.

Saxo only offers mutual funds in a few countries, including Germany, Denmark, and Poland. Throughout this review, we looked at the fees for Saxo’s UK product selection. Still, because mutual funds are not available in the UK, the following benchmark comparison only serves as a general comparison.

 Saxo BankSwissquoteInteractive Brokers
Mutual fund€0.0€9.0€15.0

XTB

It is recommended for forex and CFD traders seeking low fees and excellent deposit and withdrawal services.

  • Best CFD broker

Founded in 2002, XTB is a global CFD broker with offices in London and Warsaw. Several financial authorities worldwide regulate the company, including the top-tier UK Financial Conduct Authority (FCA). Furthermore, because XTB is listed on the Warsaw Stock Exchange, it must disclose its financials regularly.

XTB is regarded as safe because it has an extensive track record, is present on a stock exchange, and publishes transparent financial statements.

Best Online Broker In France 6
XTB Snapshot
Minimum deposit€0
Fees classLow
Deposit methodBank transfer, Credit/debit cards, Paysafe, Skrill
Withdrawal methodBank transfer
Withdrawal fee€0
Time to open account1 day
Inactivity feeYes

HEADS UP: Recent feedback on deposit and withdrawal – According to recent feedback, the details of depositing by wire transfer may need to be clarified for some of our users. 

Disclaimer: CFDs are complex instruments with a high risk of quickly losing money due to leverage. So, 76% of retail investor accounts lose their money when trading CFDs with this provider. It would help if you thought about whether you understand how CFDs work and whether you can afford to lose your money.

Pros And Cons

XTB offers commission-free stocks and ETFs with a monthly trade volume of up to €100,000. Deposits and withdrawals are quick and mostly free, and various options are available, including debit/credit cards and electronic wallets. Account creation is also quick and straightforward.

On the downside, XTB has a limited product portfolio consisting primarily of CFDs, though real stocks and ETFs are also available to some European clients. Furthermore, XTB charges an inactivity fee.

ProsCons
• Commission-free stocks/ETFs for some• Product portfolio limited mostly to CFDs
• Free and fast deposit and withdrawal• Inactivity fee charged
• Easy and fast account opening

Main Features And Highlights

Country of regulationUK, Poland, Cyprus, Spain, Belize, Dubai
Trading fees classLow
Inactivity fee chargedYes
Withdrawal fee amount€0
Minimum deposit€0
Time to open an account1 day
Deposit with bank cardAvailable
Depositing with electronic walletAvailable
Number of base currencies supported5
Demo account providedYes, 76% of retail CFD accounts lose money
Products offeredReal stocks and ETFs (only for some European clients), CFD (forex, equity, indices, crypto, commodity)

Fees Snapshot

AssetsFee levelFee terms
S&P 500 CFDAverageThe fees are built into the spread, 0.6 points is the average spread cost during peak trading hours.
Europe 50 CFDAverageThe fees are built into the spread, 2.4 points is the average spread cost during peak trading hours.
EURUSDAverageThe fees are built into the spread, 0.9 pips is the average spread cost during peak trading hours.
Inactivity feeLow€10 per month after 1 year of trading inactivity and if no deposit was made in the last 90 days

Trading Fees

Many European customers can trade commission-free with XTB. FX and CFD fees, on the other hand, are standard.

We understand how difficult it is to compare trading fees for CFD brokers. So, how did we go about making their fees transparent and comparable? We compare brokers by calculating the fees associated with a typical trade for specific products.

Within each asset class, we have chosen popular instruments:

  • Stock index CFDs: SPX and EUSTX50
  • Stock CFDs: Apple and Vodafone
  • Forex CFDs: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

Buying a leveraged position, saving it for one week, and then selling is a typical trade. We chose a €2,000 position for these stock indexes and CFDs and a €20,000 position for forex CFD transactions. We used the following leverage:

  • 20:1 for stock index CFDs
  • 5:1 for stock CFDs
  • 30:1 for forex CFDs

Spreads, commissions, and financing costs are all included in these all-inclusive benchmark fees for all brokers. Let’s wait and see what the verdict is on XTB fees.

Stock And Stock Index Cfd Fees

XTB generally has average CFD trading fees.

 XTBeToroCapital.com
S&P 500 index CFD fee€4.0€1.5€3.6
Europe 50 index CFD fee€3.3€2.3€5.5
Apple CFD fee€10.1€4.8€2.2
Vodafone CFD fee€10.6€3.4

eToro

It is recommended for traders interested in social trading (copying the trades of other investors) and zero-commission stock trading.

  • Best broker for cryptos
  • Best broker for social trading

eToro is a well-known Israeli fintech firm and social trading broker founded in 2007. eToro serves clients from the UK through a unit regulated by the FCA (Financial Conduct Authority) and Australians through an entity regulated by the ASIC (Australian Securities and Investment Commission). All other customers are served by a Cyprus-based unit governed by the Cyprus Securities and Exchange Commission.

eToro does not have a stock exchange listing nor publish its annual report on the website. It does not have a bank parent.

Best Online Broker In France 7

The fact that eToro is regulated by the FCA and ASIC is a good sign of its security.

eToro Snapshot
Minimum deposit€50
Fees classLow
Deposit methodBank transfer, Credit/debit cards, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL
Withdrawal methodBank transfer, Credit/debit cards, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL
Withdrawal fee€5
Time to open account1 day
Inactivity feeYes

WARNING: Minimum deposit varies depending on residency and account activation – Check to see what the minimum deposit is to activate your account. A deposit is required after uploading your documents to make trades. Your residency and ranges determine the deposit amount from €10 to €10,000. More information can be found in the review’s Account opening section.

eToro USA LCC does not provide CFDs, only real Crypto assets.

Disclaimer: CFDs are complex instruments with a high risk of quickly losing money due to leverage. So, 79% of retail investor accounts lose their money when trading CFDs with this provider. It would help if you thought about whether you understand how CFDs work and whether you can afford to lose your money.

Pros And Cons

eToro provides commission-free stock trading, and the account registration process is quick and easy. It has novel features, such as social trading, allowing you to mimic other traders’ strategies.

On the negative side, eToro has high non-trading fees and withdrawal and inactivity fees. Withdrawals can sometimes be slow, and USD is the only currency in which you can keep your money. Finally, contacting customer service is challenging.

ProsCons
• Free stock and ETF trading• High non-trading fees
• Seamless account opening• Only one account base currency
• Social trading• Customer support should be improved

Main Features And Highlights

Country of regulationUK, Cyprus, Australia
Trading fees classLow
Inactivity fee chargedYes
Withdrawal fee amount€5
Minimum deposit€50
Time to open an account1 day
Deposit with bank cardAvailable
Depositing with electronic walletAvailable
Number of base currencies supported1
Demo account providedYes79% of retail CFD accounts lose money
Products offeredStock, ETF, Forex, CFD, Crypto

Fees Snapshot

AssetsFee levelFee terms
S&P 500 CFDLowThe fees are built into the spread, 0.75 points is the average spread cost during peak trading hours.
Europe 50 CFDAverageThe fees are built into the spread, 3 points is the average spread cost during peak trading hours.
EURUSDLowThe fees are built into the spread, 1 pip is the average spread cost during peak trading hours.
Inactivity feeLow€10 per month after one year of inactivity. Inactivity means that you don’t log in to your account.

Trading Fees

Is eToro a good investment? eToro trading commissions are low.

We understand how difficult it is to compare trading fees for CFD brokers. So, how did we go about making their fees transparent and comparable? We compare brokers by calculating the fees associated with a typical trade for specific products.

Within each asset class, we chose popular instruments:

  • Stock index CFDs: SPX and EUSTX50
  • Stock CFDs: Apple and Vodafone
  • Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

Buying a leveraged position, keeping it for one week, and then selling is a typical trade. We chose a €2,000 position for the stock index and CFDs and a €20,000 position for the forex transactions. We used the following leverage:

  • 20:1 for stock index CFDs
  • 5:1 for stock CFDs
  • 30:1 for forex

Spreads, commissions, and financing costs are all included in these all-inclusive benchmark fees for all brokers. Let’s see the verdict for eToro fees.

Stock And ETF Fees

eToro provides no-commission real-time stock trading. Since May 2020, this has applied to all countries, but commission-free trading is limited to US stocks for Australian clients. It will help if you remember that when using the free feature, you are purchasing an accurate stock rather than a CFD product, and you will not be able to use leverage.

eToro used to be fundamentally a CFD broker, allowing you to trade stocks and ETFs as CFDs if you apply the leverage to greater than one.

Trades involving stocks not traded in USD (such as UK or European) will be converted to USD at the current market price by eToro, with no commission or markup. Furthermore, eToro will absorb any tax duty that may be due if you trade on the UK market.

Conclusion

We have summarised all the essential information for you to make a final decision here.

  1. Interactive Brokers is easily the best online broker in France. Low trading costs. A diverse range of products. There are numerous excellent research tools.
  2. DEGIRO – One of the market’s lowest fees. Top-tier authorities regulate—web and mobile platforms that are simple to use.
  3. Saxo Bank – Great trading platform. Outstanding research. Broad product portfolio.
  4. XTB – Commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
  5. eToro – Free stock and ETF trading. Seamless account opening. Social trading.