Research firm Investment Trends issued a detailed report on the Forex and CFD market in France (to see their news release click here). Among the key findings were that France is a fairly young and small market, but has the capacity to grow.
The report estimates there to be about 20,000 total active CFD and FX traders in France, which we believe to be a very small number relative to the country’s size. By comparison, leading UK firm IG Group opened more than 25,000 new accounts in the UK last year alone. France and the UK are similar in size, each with a population of about 60-65 million people.
The three leading FX and CFD brokers in France, according to the report, are Saxo Bank, IG Group, and FXCM, each members of LeapRate’s Approved List of global Forex firms.
For more on the global Forex industry see the LeapRate Dow Jones Forex Industry Report.