The Financial Authority (Autorité des Marchés Financiers, AMF) and the Prudential Authority (Autorité de Contrôle Prudentiel et de Résolution, ACPR) are the primary financial regulators in France. In its capacity as the stock market regulator, the AMF is responsible for the supervision of financial markets and investment firms. The ACPR, an independent administrative authority under the central bank, the Banque de France, supervises the banking and insurance sectors.
France is an EU member state, and financial regulations and operations in France comply with the European MiFID financial harmonization law.
1. Safety of Client Funds：
Clients funds should be put into segregated accounts.
2. Requirement on Forex Brokers' Reports：
Audit Reports; Anti-money laundering Reports.
Generally speaking, AMF-regulated broker profile will be found at the Financial Firms Register page on AMF website. Try to find it and check if it will match the info from the broker website.
The detailed steps are as below:
1. Find the name of the forex broker, which you can get from the broker's website;
2. Enter the name into the search bar on https://www.regafi.fr/spip.php?rubrique3 ;
3. And you'll get the broker's contents on AMF website. At this time you will click the 'Activities based in France' and check if the broker has the authorization to provide 'C9 - Financial contracts for differences' or 'B4 - Foreign exchange services where these are connected to the provision of investment services';
4. If all the above steps have been done, don't forget to check the most important information: check if the firm details published on AMF website matches the ones you'll go to trade with. If no, please keep away the broker because it's probably an unauthorized firm and your money will fall in danger.
If the broker is an EEA authorised firm, you need to check further information in its home state regulator.
When you have disputes with a AMF-regulated broker, you can proceed the following ways:
1st way: The recommended way is to contact the broker directly and discuss with them to find a solution.
2nd way: If you're not satisfied with the broker's solution, try to contact the AMF Ombudsman in France, which helps to solve the disputes between the forex broker and the investor.
You can make an online complaint form and submit it: https://www.amf-france.org/en/amf-ombudsman/mediation-file/request-mediation
3rd way: If the first 2 ways above can't solve the dispute, the last way is to issue a case to the court in France.
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