Forex Brokers in Germany
Forex brokers in Germany are regulated by BaFin, a national financial regulator which is known as Bundesanstalt für Finanzdienstleistungsaufsicht. BaFin a highly respected and experienced regulator in Europe, which also oversees the broader financial industry, including insurance companies, banks, and other financial service providers.
Forex brokers in Germany mainly serve local German forex traders only. However, a forex broker is not required to be regulated by BaFin to offer its services in Germany. As an EU country, Germany also recognizes forex broker licenses from any other EU member state. Therefore, some forex brokers with no BaFin regulation are still able to serve the German traders.
| Broker | Regulation | Max Leverage | Min Deposit | |
|---|---|---|---|---|
| XTB Austria 2002 | CNMV (Spain) 40 Czech National Bank, 56720 DFSA (Dubai), 4365 FCA (UK), 522157 FSA (Poland), 0000217580 FSCA (South Africa), 49970 IFSC (Belize), IFSC/60/413/TS/19 ESMA | 1:30 | $1 | Review |
| IG Australia 1974 |
CFTC/NFA, 0509630 FCA (UK), 195355 | 1:50 | $1 | Review |
| Admirals Argentina 2001 |
ASIC, 28381 CySEC, 201/13 FCA (UK), 595450 FSA (Estonia) 10932555 FSA (Seychelles), 8426894-1 IIROC, 29.04.2022 Jordan Securities Commission, 57026 | 1:500 | $100 | Review |
| AvaTrade Australia 2006 |
ASIC, 406668 Central Bank of Ireland C53877 Financial Futures Association (Japan), 1574 Financial Services Regulatory Authority (Abu Dhabi), 190018 FSA (Japan), 1662 FSC (BVI), 2013-07-30 FSCA (South Africa), 45984 IS | 1:400 | $100 | Review |
| OANDA British Virgin Islands 1995 | CFTC/NFA 0325821 FCA (UK), 54257 FSA (Japan), 1571 FSC (BVI), SIBA/L/20/1130 Kanto Local Finance Bureau (Japan), 2137 MFSA, 18.12.2020 | 1:200 | $1 | Review |
| BDSwiss Cyprus 2012 |
BaFin, HRB 160749B CFTC/NFA, 0486419 CySEC 199/13 FSA (Seychelles), SD047 FSC (Mauritius), C116016172 | 1:400 | $100 | Review |
| FIBOGroup Austria 1998 |
CySEC, 118/10 FSC (BVI) SIBA/L/14/1063 | 1:1000 | $1 | Review |
| Pepperstone Australia 2010 |
ASIC, 414530 BaFin 151148 Capital Markets Authority of Kenya, 128 CySEC, 388/20 DFSA (Dubai), F004356 FCA 684312 SCB SIA-F217 | 1:30 | $200 | Review |
| 24option Albania 2009 | IFSC (Belize) 000319/38 | 1:400 | $100 | Review |
| Grand Capital Armenia 2006 | FFMS 1204 The Financial Commission, 15.01.2016 | 1:500 | $10 | Review |
| GKFX Chile 2009 |
ASIC, 424122 BaFin, 130602 CONSOB (Italy) 2915 Czech National Bank, 256/2004 DMCC (Dubai), 32142 FCA (UK), 501320 Finansinspektionen (Sweden), 556873-1326 FINRA, 16.06.2021 SFC (Hong Kong), AZJ874 ESMA | 1:30 | $200 | Review |
| FXCM Australia 1999 | ASIC 309763 CONSOB (Italy), 76 CySEC, 392/20 DMCC (Dubai), 31171 FCA (UK), 217689 ISA (Israel), 2 SFC (Hong Kong), AIM232 ESMA | 1:400 | $1 | Review |
| NAGA Cyprus 2015 |
CySEC, 204/13 | 1:500 | $250 | Review |
| ayondo Germany 2008 | None | 1:200 | $100 | Review |
| JFD Bank Bulgaria 2011 |
BaFin, 120056 CySEC, 150/11 | 1:400 | $500 | Review |
| GBE brokers Cyprus 2013 |
CySEC, 240/14 | 1:30 | $500 | Review |
| CMC Markets Australia 1989 |
BaFin, 154814 FCA (UK) 173730 | 1:500 | $1 | Review |
| FXFlat France 1997 |
BaFin, 148415 | 1:400 | $200 | Review |
| EuropeFX Cyprus 2014 |
CNMV (Spain), 4065 CONSOB (Italy), 4071 Finansinspektionen (Sweden) 38431 ESMA | 1:30 | $1000 | Review |
If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.
FAQ
What is the best forex broker in Germany?
Finding the best forex broker in Germany is not much different from choosing the right broker in general. Aside from making sure that the forex broker is available for client registration from Germany, you need to check its regulation, minimum deposit, spread, leverage, payment methods, and other trading-related aspects that may affect your strategy. Furthermore, make sure that the broker has a good credibility and reliable customer support.
Where can I trade forex in Germany?
The list in this page can be a good reference if you look to trade with in Germany. We have sorted specific forex brokers that accept clients from Germany, so you can choose one of the brokers by comparing their minimum deposit, regulation, leverage, and rating. If you are interested to learn further about a certain broker, feel free to click the review button.
What is the best forex broker for beginners?
If you are a beginner and looking for the right broker to trade with in Germany, some aspects that you need to pay attention to are the low minimum deposit, demo account, and educational features. Apart from that, it's also better to make sure that the broker has good customer service because as a beginner, you may need to consult about broker services that still seem incomprehensible to you.
