Bourse Direct Review
Bourse Direct is one of the leading French financial services companies, which among other things provides access to the forex market. While they may be better known for other parts of their business, this review will focus on the currency markets offer.
The Company. Security of Funds
Company Country Regulation
Bourse Direct France AMF
Bourse Direct was founded in 1996 and currently is a publicly-traded company, listed on the Euronext Exchange. It is regulated by the French regulatory body – the Autorité des Marchés Financiers (AMF) and as we mentioned in the beginning covers a lot more that the forex market. The company has an overall solid reputation, despite having a few issues with the regulators in the past.
You may or may not be aware of the importance of financial regulation, so we will reiterate the point for those who aren’t. If you trade with an unregulated company, they can simply take your money and only provide “monopoly money” trading. Later on, when you are willing to withdraw your funds, you may not be able to. There is no risk of a well-regulated company being such a scam.
The French AMF is one of the most reputable agencies, which enforces stringent rules upon the companies, it oversees. In order to register as a broker, a company must have capital holdings of at least €730,000. This alone prevents scammers from even attempting to register. One of the more unique rulings in France, is the fact, a company can’t advertise forex and CFD offers, which provide a leverage ratio greater than 1:5.
Bourse Direct provides its trading service from a separate platform called TradeBox, which is ran under a partnership with FXCM.
Minimum Initial Deposit
Bourse Direct does not have a minimum deposit level. This is done in order to attract more customers, and while it may seem like a loosing proposition, as opening a new account surely involves some costs, they are not the only company to do so. The FCA-regulated industry pioneers at IG also do not have an entry barrier.
Average spreads & Commissions
The average EUR/USD spread, as disclosed by Bourse Direct is 2.6 pips. While this is a very high level, we must mention the fact, the data has not been updated since 2013, so it may not be entirely accurate. We believe conditions may be a lot better, given the fact the EUR/USD spread provided by their partners at FXCM usually gravitates around 1.3 pips. Did you know, you can compare the spreads provided by some of the world’s leading brokers at our dedicated page?
The maximum leverage at Bourse Direct is 1:200. While this level is perfectly fine for all trading systems, which involve a form of risk management, a lot of brokers provide even higher ratios.
Of course, this level makes Bourse Direct unable to advertise their forex offering in France.
Bourse Direct offers its forex trading service through two platforms – MetaTrader4 (MT4) and TradeBox. We couldn’t get the TradeBox platform itself running, but judging by the screenshots, it is a re-branded version of FXCM’s award-winning Trade Station.
The MT4, provided at the website was also FXCM’s iteration of the platform. While we are uncertain of the exact nature of the partnership between the two companies, the link is obviously very strong.
Methods of Payment
There are a few deposit options available at Bourse Direct, namely Bank Transfer and Credit Card. Nowadays, some people prefer to use e-wallets such as Skrill and Neteller.
Bourse Direct is one of the leading French financial services providers, which is regulated by the AMF. In this review, we focused on their forex offering, which is done with the partnership of FXCM. The company should be providing the same quality service, although the spreads it has announced on its website are a bit too high, but they have been updated last in 2013.
Bourse Direct Review Conclusion
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