BaFin Regulated Forex Brokers


BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht ) is a regulatory agency from Germany and also known as the Federal Financial Supervisory Authority in German. Formed in 2002, BaFin is a highly independent regulatory organization that regulates the operation of banks, financial services companies, insurance firms, and different types of financial undertakings in the whole country.

This regulatory is one of the strictest regulatory authorities in the world. BaFin quickly responds to all kinds of financial frauds and updates its rule constantly in order to fight financial crimes and client abuse. This is the reason BaFin considered as one of the most respected and reliable regulatory agencies in the financial markets. This following list shows forex brokers regulated by BaFin.

Broker Regulation Max Leverage Min Deposit General Rating
Pepperstone
Australia
2010
ASIC 414530
BaFin, 151148
Capital Markets Authority of Kenya, 128
CySEC, 388/20
DFSA (Dubai), F004356
1:500 $200 Review
Tickmill
Seychelles
2014
BaFin 146511
CySEC, 278/15
FCA (UK), 717270
FSA (Seychelles), SD008
FSCA (South Africa), 49464
1:500 $100 Review
Windsor Brokers
China
1998
AFM (Netherlands) 72346
BaFin, 120311
CySEC, 030/04
FCA (UK), 463727
ESMA
1:500 $100 Review
FxGrow
Cyprus
2008
BaFin, WA37-K 5000-138982-2014/0001
Banque de France 74965
CNMV (Spain), 3755
CySEC, 214/13
FCA (UK), 628755
Finansinspektionen (Sweden), 14-10518
HCMC (Greece), 2703
ESMA
1:100 $100 Review
NSFX
Malta
2011
BaFin, 131055
CNMV (Spain) 3354
CONSOB (Italy), 3597
FSA (Denmark), 9221
MFSA, IS/56519
ESMA
1:50 $300 Review
DeltaStock
Bulgaria
1998
BaFin, 122477
CNVM (Romania) PJM01SFIM/400004
Czech National Bank, 215130
FCA (UK), 481581
FSA (Denmark), 6455
FSC (Bulgaria), RG-03-0146
ESMA
1:200 $100 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
Alvexo
Cyprus
2014
AFM (Netherlands), 02-04-2015
BaFin, 142529
CNMV (Spain), 3917
CONSOB (Italy), 4789
CySEC 236/14
FCA (UK), 683301
FSA (Seychelles), SD030
ESMA
1:400 $500 Review
XM
Australia
2009
ASIC, 443670
BaFin, 124161
CNMV (Spain), 2010157773
CONSOB (Italy), 3046
CySEC, 120/10
FCA (UK) 538324
FSP (New Zealand), FSP235905
ESMA
1:888 $5 Review
FXFlat
Germany
1997
BaFin, 148415
1:400 $200 Review
FXGM
Cyprus
2011
BaFin, 130520
Banque de France, 74353
CNMV (Spain), 3321
CONSOB (Italy), 3567
FCA (UK), 593528
FSCA (South Africa) 47709
ESMA
1:30 $200 Review
CMC Markets
Australia
1989
BaFin, 154814
FCA (UK), 173730
1:500 $1 Review
Credit Financier Invest
Cyprus
1998
BaFin, 1338881
Banque du Liban 40
CySEC, 179/12
DFSA (Dubai), F003933
FCA (UK), 602588
Jordan Securities Commission, 200164731
1:30 $1 Review
BDSwiss
Cyprus
2012
BaFin, HRB 160749B
CFTC/NFA 0486419
CySEC, 199/13
FSA (Seychelles), SD047
FSC (Mauritius), C116016172
1:400 $100 Review
MARKETSX
Cyprus
2006
AFM (Netherlands), 0900-5400 540
ASIC, 424008
BaFin, 122798
CySEC, 092/08
FCA (UK), 607305
FSA (Denmark) 6729
FSCA (South Africa), 46860
ESMA
1:300 $100 Review
XGLOBAL Markets
Cyprus
2012
BaFin, 132843
CNMV (Spain), 2013092102
CySEC, 171/12
FCA (UK), 602404
ESMA
1:30 $100 Review
OneTrade
United Kingdom
2011
BaFin, 126361
CNMV (Spain), 3058
FCA (UK), 537787
ESMA
1:100 $500 Review
AAATrade
Cyprus
2013
BaFin, 45052
CySEC, 244/14
FCA (UK), 659844
1:200 $500 Review
JFD Bank
Bulgaria
2011
BaFin, 120056
CySEC, 150/11
1:400 $500 Review
LegacyFx
Cyprus
2017
BaFin, 348194
CySEC, 344/17
FCA (UK), 797343
NBRB (Belarus) 193180778
Vanuatu Financial Services Commission, 14579
1:200 $500 Review
AMP Global
Cyprus
2018
BaFin, 154811
CFTC/NFA, 0412490
CNMV (Spain), 4624
CONSOB (Italy), 4869
CySEC, 360/180
FCA (UK), 819311
ESMA
1:50 $100 Review
FxView
Cyprus
2018
BaFin, 157125
CNMV (Spain), 4892
CONSOB (Italy), 5151
CySEC, 367/18
FCA (UK), 850138
The Financial Commission 06.07.2021
ESMA
1:500 $1 Review
MultiBank
Australia
2005
ASIC, 416279
BaFin, 73406
DFSA (Dubai) CL3989
FCA (UK), 481068
FSC (BVI), SIBA/L/14/1068
Ras Al Khaimah Free Trade Zone, IC/2993/10
1:500 $50 Review
Forex24
Cyprus
BaFin, 2017/1349943
CNMV (Spain), 4373
CONSOB (Italy), 4624
CySEC, 300/16
FCA (UK), 782501
ESMA
1:400 $2000 Review


FAQ

What does BaFin regulated mean?

Being regulated by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) or the Federal Financial Supervisory Authority means operating under the standards of a German financial regulator. Established in May 1, 2002, It is an independent institution under the supervision of the Federal Ministry of Finance. BaFin supervises thousands of banks, hundreds of insurance undertakings, and 800 financial services companies including forex brokerages in Germany.


What are BaFin rules?

  • BaFIN regulated brokers need have at least two financial experts functioning as managers for the head of operations with no negative records or issues in relation to their roles in the company.
  • Forex brokers under the regulation of BaFin are also required to hold an operating capital which starts from €750,000 to €5 million and beyond. The capital should be proportional to the amount of trading capital held on behalf of their clients.
  • All client funds are to be held in segregated accounts at the top banks in Germany.
  • Audit reports and financial statements should be submitted periodically to BaFin. They will be scrutinized by the agency to filter any discrepancies or modifications.
  • BaFin regulated brokers need to ensure that they have the financial capacity to anticipate market fluctuations and an efficient insolvency procedure to prevents traders from losing their capital in case of inability to overcome the market volatility.
  • All brokers should only act as an intermediary between traders and the market. Indulgence in any scams or malpractices that may endanger investors' security of their funds is strictly prohibited.

What is the main purpose of BaFin?

To prevent consumer violation in the financial industry, as well as protecting and regulating its members against financial anomalies. BaFin can also work together with its regulated brokers to ensure a good business environment for continued success in the industry. They are committed to the welfare of companies as well as investors, so their main purpose is to create a harmony between the two different forces in the market.


What are the powers of BaFin?

BaFin has designed guidelines in agreement with the MiFID derivative. They adopt Germany’s internal legislative powers to enforce a set of laws for their subjects.

BaFin is required to ensure the functioning of the German markets for securities and derivatives in accordance with the Securities Trading Act (WpHG). They can investigate every case of reported misconduct and penalize companies according to their involvement in the scam.

BaFin also allows consumers to initiate complaints and other reports concerning alleged violation of any regulated firm. BaFin encourages the companies and clients to reach an out-of-the-court settlement in the case of disputes. Should the problems need arbitration, it can either be referred to the Financial Ombudsman or the court.

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.



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