Looking to trade with Germany Forex broker? Not sure which German broker is best for you? Or need to verify if your broker is truly regulated by Germany BaFIN?
We provide answers to all the questions in this article. We researched and compared over 50 German reputable Forex brokers including their regulation status, spread & commission, the time for deposit & withdrawal and many more findings.
BaFIN Regulated Forex Brokers Germany
Germany Forex Brokers are recommended to become authorized by local authority Federal Financial Supervisory Authority or Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN). BaFIN is well respected and high customer protection regulator, however due to EU crossborder ESMA and MiFID directives European licensed brokers can accept German traders as clients. Check historical breakdown on CySEC Wikipedia.
There is a guarantee in case of the broker insolvency and protecting up to €20,000 per client. You can identify the number of your broker and check its record on BaFIN official website: www.bafin.de
Best Forex brokers in Germany
To find the best forex brokers in Germany, we research over 50 Germany brokers and compare Forex Brokers license, spread & commission, deposit withdrawal time, trading platform, education and tools, customer service and almost all details. Here is our list of the best forex brokers in Germany.
- FXTM – Best Overall Forex Broker in Germany
- Tickmill – Best for VIP account in Germany
- OctaFX – Best Forex broker with low spread Germany
- IC Markets – Best Research in Germany
- FP Markets – Best MT4 & MT5 Broker Germany
What makes a good forex broker in Germany?
There are 4 keys make good Germany brokers including license, trading conditions, education & tools, and customer support.
- Must have a BaFIN license or operate with EU cross-border registration for funds safety
- Offer good trading conditions and competitive low spreads, namber of markets and instruments
- Provide quality education like Webinars, utorial videos, and research tools
- Run good customer service center with quick answers and support to solve traders issues
Top 10 Forex Brokers List & Forex Broker Review
We also narrow the list of numerous, all Forex Brokers below are either regulated by BaFIN or are reputable Forex brokers Europe that accept clients from Germany along with our review in this table. You can see which broker might fit your need the best.
|Forex Broker||BaFIN Regulated / EU Cross-border license||Why they are our top picks||Our Review|
|FXTM||Yes||FXTM might be the best for beginners or regular traders, or investors. FXTM is ranked the best overall because it provides professional education, good spreads, and FXTM is among 9 brokers that offers ECN accounts.||Visit FXTM site|
|Tickmill||Yes||Tickmill might be the best fit for VIP account trading. With NDD execution, spreads are from 0.0 pips with 1 EUR commission per side only, while most brokers offering minimum 3-4$ plus powerful platform and tools.||Visit Tickmill site|
|IC Markets||Yes||IC Markets are good of you’re looking for great research tools. IC Markets providing MT4, MT5 and cTraders also with extra tools like Correlation Matrix, Chart Trading, PAMM and MAM accounts.||Visit IC Markets site |
IC Markets Review
|OctaFX||Yes||Looking for low spreads, check OctaFX. The average spread is 0.8 pips for EURUSD pair (lower by 30% than average) plus you can choose between Standard account floating or fixed spread or ECN accounts.||Visit OctaFX site |
|FP Markets||Yes||FP Markets might be the best fit if you are trading on MT4 or MT5. FP markets offers both platforms and provides tools like Smart Trader, AutoChartist. Also FP Markets support is great.||Visit FP Markets site|
FP Markets Review
|BDSwiss||Yes||BDSwiss might be the best for Currency Trading. There are various accounts and great range of currency pairs also costs are low Raw Account is 0 spread plus 5$ commission only. Also, BDSwiss is Switzerland Forex Brokers with good transparency.||Visit BDSwiss site|
|eToro||Yes||eToro might be the best for Copy Trading and Social Trading. There are thousands (not hundreds – thousands) of top traders and copy trading portfolios. eToro is the best for number top traders and transparency of trader’s performance.||Visit eToro site|
|GKFX||Yes||GKFX is in our Forex Prime Brokers list. It may suit traders of bigger size and investors. GKFX offering competitive trading conditions and its spread are among most low which we saw on Live Trading account, 0.67 for EUR USD pair.||Visit GKFX site|
|Plus500||Yes||Plus500 might be the best for CFDs trading. Plus500 offers some of the biggest CFDs offering worldwide also with easy to use app Plus500.||Visit Plus500 site|
|Interactive Brokers||Yes||InteractiveBrokers Forex should be the best for professional traders and active traders. IB is among respected Forex Brokers USA, has great proprietary software with powerful tools and one of the largest industry instruments proposal with low costs.||Visit InteractiveBrokers site |
Interactive Brokers Review
More on Germany Brokers
To get started with German brokers it is better to narrow your selection with specified categories and compare Forex Brokers Reviews to find Best Forex Trading Brokers suitable your need. See below some common questions answered.
No Dealing Desk Forex Brokers in Germany
No Dealing Desk Forex Brokers are directly connecting your trades to the market withour dealer intervention, this is good for transparency and trading execution, however check only among well-regulated brokers like FxPro or XM for no dealing desk execution.
Germany Best Forex Brokers for Beginners
Beginners should select broker with quality education and support service to start trading correctly. Best Beginners broker with oofer good Webinars, courses and research tool. Like IG Education section.
Cent Account Forex Brokers Germany
Cent Accounts denominate your trading account in cents instead of dollar, this allows to maximize trading transactions with lower expancion, since your trades are calculated in cents. Check Forextime Broker Cent account.
STP ECN Forex Brokers Germany
ECN Forex Brokers offering ECN accounts that are connecting your trades via the bridging technology to the market. ECN environment providing RoboForex and FXTM.
Forex brokers that allow arbitrage
Typically brokers that offer ECN connection and accounts will allow arbitrage trading too. Check the same brokers that have ECN accounts like FXTM or RoboForex proposals.
Author of this review
By Jimmy O'Brien
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.