CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data. *Availability subject to regulation.
IG Markets Limited is regulated and authorised by the Financial Conduct Authority (FCA). Under the MiFID (Markets in Financial Instruments Directive) passport arrangements, IG are permitted to offer their regulated services throughout Europe, including in Monaco, who participate in various EU policies through their territorial relationship with France. The French offering is additionally subject to supervision from French Prudential Supervision and Resolution Authority (ACPR) which operates under the Banque de France.
A French version of the website is useful for traders from Monaco who wish to access the full range of information available to IG clients. This includes information about the 15,000 financial markets that they operate, live market information, training and development tools and more.
IG mainly offers their financial markets through spread bets and contracts for difference (CFDs). The underlying instruments in these products can include popular indices (such as the FRANCE 40), stocks (such as BNP Paribas), cryptocurrencies and commodities. They also offer a range of common Forex pairs, such as EUR/USD and EUR/GBP.
The range of platforms available from IG offer clients the latest technology and can be used directly through a web browser, or for convenience, can be downloaded as an app for a variety of mobile devices. IG, in fact, pioneered both online trading and iPhone app trading, placing the company at the forefront of the industry on more than one occasion.
As an additional layer of protection and reassurance for traders from Monaco who wish to set up an account with IG, it should also be noted that they also voluntarily participate in the good practice guidelines set out by the FX Global Code of Conduct.
AvaTrade are one of the most well-established online brokerage companies in the world, with over 10 years of experience. The company was formed 2006 and has grown its customer base to over 200,000 registered users. With their head office in Ireland and authorisation from the Central Bank of Ireland, their services are provided in Monaco via the passport arrangements under the EEA Markets in Financial Instruments Directive (MiFID). The company’s website supports over 15 different languages, including French, which is the official language in Monaco. Customer helplines are available in the region in France, Italy, Spain, Portugal, and many other European countries.
AvaTrade’s platforms offer customers access to over 250 financial instruments across a variety of markets. These include stocks, shares, bonds, commodities, indices, and cryptocurrencies, many of which can be traded as contracts for difference (CFDs) or Exchange-Traded Funds (ETFs). Forex trading is available for customers through the MetaTrader 4 platform, or the options platform, AvaOptions. The trading platforms offered by AvaTrade are fully accessible via web browsers, and can also be downloaded as an app for mobile devices.
Many educational tools and resources are also offered. These resources include videos, eBooks, market analysis, in-depth articles, and webinars. The SharpTrader website is a dedicated learning platform provided for AVA Trade customers to help them develop their trading knowledge, and is also available in the French language. To develop trading skills, a demo account can be opened without an initial deposit. This allows clients to get a feel for the live trading environment whilst trading with virtual currency. Although the demo account is available for just 21 days, this period can be extended on request.
The minimum deposit values are €500 for a wire transfer and just €100 for credit and debit cards. E-wallets are not an accepted form of payment in Europe.
X-Trade Brokers were formed in 2002 in Poland as a leveraged Foreign Exchange broker – the first of its kind in the region. Their presence spread throughout Europe, with offices subsequently opened in France, Italy, the Netherlands, Sweden, Austria, Greece, and Bulgaria, amongst other locations. As such, they are regulated throughout Europe by some of the most well-trusted regulators, including Germany’s BaFin, the UK’s Financial Conduct Authority, and France’s l’Autorité des Marchés Financiers (AMF). Through a territory agreement with France, the Principality of Monaco is part of the EU’s customs territory. As such, it is subject to FCA regulation by virtue of the EEA’s passport arrangements under the MiFID regulatory regime.
The French language website is ideal for customers from Monaco, as it allows access to the information regarding the variety of markets, accounts, and platforms available in their first language. Furthermore, it enables an account to be opened in French.
XTB offer access to a wide range of markets that are popular for traders in Monaco, including Forex pairs, such as EURGBP and EURUSD; commodities, such as silver and gold; cryptocurrencies, which can be traded as currency pairs, such as BTCUSD and ETHUSD; Exchange-Traded Funds (ETFs) and equities – both of which are available to be traded as contracts for difference (CFDs).
The powerful proprietary trading platform, xStation 5, is one of the reasons that XTB are so widely known. The platform has won the ‘Best Trading Platform 2016’ awarded by Online Personal Wealth Awards. It allows execution speeds of on average 85 milliseconds, which enables traders to take positions quickly when markets are volatile. The platform is available as a downloadable app for mobile phones, tablets, and even smartwatches, so traders can keep track of their trading accounts whilst on the go. In addition to xStation 5, traders can also place trades through the MetaTrader4 platform when they sign up to an account with XTB.
Traders from Monaco can select Euros as the base currency for their account. Funds can be deposited using a bank transfer, debit and credit cards, Neteller and Paypal, as well as other e-payment wallets.
Forex.com scored best in our review of the top brokers for monaco , which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:
Forex.com offers one way to tradeForex . If you wanted to trade EURUSD
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
Forex.com have a AAA trust score . This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19
|Regulated by||Financial Conduct Authority|
|Uses tier 1 banks|
|Segregates client funds|
Want to see how Forex.com? We’ve compared their spreads, features, and key information below.
|USD/JPY Spread||0.90||DAX Spread||250.0|
|FTSE 100 Spread||150.0|
|Platform||MT4, Web Trader, NinjaTrader, Tablet & Mobile apps|
|Base currency options||USD, GBP, EUR|
|Funding options||Bank transfer, Cheque, DebitCard,|