Forex Brokers Germany

Germany is a major economic power in the European Union, and its currency, the euro, is one of the most widely traded currencies in the world. Originally, German trading operations were established to cover institutional needs, yet since the retail trading demand expanded in recent years, the technology spreads its activity fastly too.

Forex Trading Platform in Germany

Forex trading is legal activity in Germany while traders should use legal Forex Brokers and thenn acces its Trading Platform for trading itself. BaFin is responsible for supervising and regulating financial institutions, including forex brokers, to ensure that they comply with legal and ethical standards.

  • German forex traders are eligible to engage in forex trading. In fact, Germany is home to many individual and institutional traders who actively participate in the forex market.
  • It’s important to choose a trading platform that is reliable, user-friendly and is German Regulated, also offering features and capabilities important to your trading strategy.
  • Retail trading in Germany is regulated by BaFin, which ensures that brokers and traders comply with regulations and standards. See our article abour BaFin.
Germany Trading ProsGermany Trading Cons
Well-established Regulation and oversightLimited leverage
Access to global marketsTaxation
High liquidityClients from other jurisdictions cannot directly open an account with BaFin
Low trading costs
Compensation Scheme and Negative Balance Protection

Forex Regulation in Germany

Germany’s financial markets are regulated by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), which is responsible for overseeing financial services providers and financial markets operating in Germany.

Official regulator’s website is www.bafin.de, where you can find information on brokers regulations and licenses as well as blacklisted and restricted brokers. Also follow their official Twitter — @BaFin_Bund.

  • BaFin regulates the forex market in Germany, and its main aim is to protect investors and ensure that financial services providers are operating legally  with controls of all areas of the financial system in Germany
  • BaFin falls under the European regulatory umbrella of the Markets in Financial Instruments Directive (MiFID). This directive was enforced in 2018 aimed to increase transparency and investor protection among EU member states. Within this law, all EU regulated brokers are allowed to provide their financial services to the residents of other EU countries.
  • Therefore, Traders from Germany may open account with any Broker established in EU and it will be registered with BaFIN alike, vice-verca any traders from EU may open account with German Brokers alike
  • One of the BaFin’s responsibilities is collective consumer protection, which extends to all financial products and financial services that BaFin is involved with. This of course includes Forex trading regulation and traders protection with a compensation scheme of up to 20,000 EUR.
  • For more information about the regulation read about BaFIN in Wikipedia

Forex Regulation in Germany

Top 5 Best Forex Brokers in Germany

Here’s our list of Brokers in Germany consists of the Regulated brokers only, which are advised and safe to invest with, we also define this lise according to the specified criteria and ranked them best with our Trust Scores categories:

  • IG — Best Overall Broker in Germany 2024
  • LegacyFX — Lowest Spread German Broker 2024
  • FxFlat — Best MT4 Broker in Germany 2024
  • MultiBank Exchange Group — Best Germany Broker for Beginners 2024
  • CMC Markets — Best Scalping and EA Trading German Broker 2024

Are there Forex Demo Account Germany?

There are lot of Forex Brokers that offer Demo Account to German traders. Some of the best brokers with demo accounts are CMC Markets, XTB, IG and eToro.

Is Forex allowed in Germany?

Yes, Forex trading is allowed in Germany. Forex brokers operating in Germany are required to obtain a license from BaFin and must comply with strict regulatory standards and requirements.

Germany Forex Brokers List

These are the regulated brokers that accept clients from Germany that are either German-based or EU based, also are available for all EU traders alike due to cross-border regulations:

Broker Detail
HFM Logo HFM
Min. Deposit: 0 US$
Max. Leverage: 1:2000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
3
FP Markets Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB, CySEC, FCA
4
Eightcap Review
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and App
Regulation: FSC, FSA
5
BDSwiss Review
GO Markets
Min. Deposit: 0 US$
Max. Leverage: 1:30, 1:500
Trading Platforms: MT4, MT5, cTrader, WebTrader
Regulation: ASIC, CySEC, FSC, FSA
GO Markets Review
HYCM
Min. Deposit: $20
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, HYCM Trader
Regulation: FCA, CySEC, DFSA, CIMA
HYCM Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
Pepperstone Review
JustMarkets Review Logo JustMarkets
Min. Deposit: $10
Max. Leverage: 1:30 | 1:3000
Trading Platforms: MT4, MT5
Regulation: FSCA, CySEC, FSA, FSC
JustMarkets Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review