"Can I trade at RaiseMyFunds from France, and is it legal?" The question keeps coming up. Here is the answer in three parts: technical access, the legal framework, and the taxation of your payouts.
Can a French trader open a RaiseMyFunds account?
Yes. Nothing prevents a French resident from seeking funding from a foreign prop firm: registration takes place online, and the firm accepts clients from most countries. Before you start, check three practical points:
- Your account currency (capital is denominated in dollars) and therefore your EUR/USD exposure at withdrawal time.
- The withdrawal methods available from France and any associated fees.
- The support language: English is often the main language, which makes a dispute harder to handle.
A prop firm is not a regulated investment: what that changes
This is the most misunderstood point. A prop firm is not a broker and does not manage your savings: it entrusts you with its capital and shares the profits. Three consequences:
- You are not protected by the mechanisms designed for clients of a financial institution (guarantee funds, mediation, AMF or ACPR supervision).
- In the event of a commercial dispute (a contested payout, a closed account), you have no recourse to a regulator: the relationship is governed by the contract signed with the firm.
- Your financial risk, however, remains limited and known in advance: you never put your own savings at stake to trade the firm's capital.
To see where France stands in the prop firm landscape, see our dedicated prop firm France page.
The real point of vigilance: RaiseFX, the parent company
RaiseMyFunds was launched by the RaiseFX group, a CFD broker. RaiseFX is not regulated in Europe, and regulators, including the French AMF, regularly publish lists of entities not authorised to offer investment services to French residents.
Two simple recommendations:
- Never deposit your own funds with an unregulated broker, whoever they are. Always check the AMF's public blacklist before any deposit.
- Limit your exposure to the strict minimum within a prop firm: your risk is capped at the cost of the programme, never a trading deposit.
Full detail in our analysis: RaiseFX review, and for the verification method: what listing on the AMF blacklist actually means.
Taxation: should you report payouts in France?
Yes. Income received from a prop firm is taxable in France, like any income from an activity carried out on a regular basis. In practice:
- The amounts are in principle treated as non-commercial profits (BNC) when trading is carried out in a regular and organised manner; a different regime may apply if the activity is occasional.
- You must report the amounts received and keep platform statements, withdrawal records and payment history.
- A dedicated bank account, or at least careful tracking of cash flows, avoids nasty surprises during an audit.
We are neither tax advisers nor accountants: these are the principles that generally apply, but your specific situation deserves professional advice. Our two guides to go further: prop firm taxation and tax and legal implications for individuals.
Payments, withdrawals and fees from France
Withdrawals are requested from the trader dashboard, once the payout is validated under the firm's rules. Three things to anticipate:
- Currency conversion. A dollar-denominated account means converting to euros: exchange rates can significantly reduce a gain.
- Processing times. The firm advertises very fast processing, but customer reviews mention variable delays: plan for slack.
- Documents. Prepare your ID and proof of residence at registration to avoid blocking your first withdrawal.
The full details are in our article RaiseMyFunds withdrawal: times and methods.
FundedTrader verdict
RaiseMyFunds is accessible to French traders, and being an unregulated prop firm is nothing unusual in this sector. The real issue lies elsewhere: the parent company is an unregulated broker, the Trustpilot rating is 3.4/5 across almost 350 reviews, and the taxation of your payouts is your responsibility. Use the firm for what it is, without depositing your own funds.
To compare the options genuinely available in France, see our prop firm comparison, our 2026 ranking and our RaiseMyFunds profile. And if you want support with execution, our account validation and management services are there for that.
