Known as the strongest economy in the Eurozone, Germany applies strict rules to forex broker firms operating in the country. The body responsible for the regulation and supervision of financial institutions in Germany, ranging from banks, financial services institutions and insurance companies, is the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), a.k.a. BaFin.
Anyone wishing to provide financial services in the country commercially (or on a scale that requires a commercially organized business undertaking) needs written authorization from BaFin. In other words, to operate legitimately in the country, forex brokers must be licensed by BaFin.
The granting of such an authorization by BaFin, or a forex broker license, is subject to a number of conditions. First of all, the company must possess sufficient initial capital, which must be freely available and may not be derived from borrowing. In the case of financial services institutions trading in financial instruments for their own account, the minimum amount required is €730,000. On the other hand, financial services institutions which do not trade in financial instruments for their own account are required to hold at least €125,000.
As Germany is a part of the EU, MiFID (Markets in Financial Instruments Directive) regulations apply. All regulated forex brokers are required by law to provide transaction reports to BaFin on a regular basis.
| Broker | Country | Regulation | Platforms | Min.deposit | Review |
|
Australia, Cyprus | ASIC, CySEC | MT4, MT5, Iress | $100 | Review Website |
|
Cyprus, Australia | CySec, ASIC | MT4, MT5 | $5 | Review Website |
|
UK, Australia, South Africa | FCA, ASIC, FSCA | MT4, Trading Station, NinjaTrader |
$50 | Review Website |
|
UK, Australia, Singapore | FCA, ASIC, MAS, BaFin | MT4, Web, ProRealTime, 2Dealer |
$0 | Review Website |
|
UK, Cyprus, UAE, South Africa | FCA, CySEC, DFSA, FSB | MT4, MT5, FxPro Markets, cTrader |
$100 | Review Website |
|
Cyprus | CySEC | MT4, MT5, Web | $1 | Review Website |
|
Cyprus, UK, South Africa, UAE | CySec, FCA, FSCA, DFSA | MT4, MT5, Web | $5 | Review Website |
|
Cyprus, UK | CySEC, FCA | MT4, MT5 | $1 | Review Website |
|
UK, Australia, New Zealand | FCA, ASIC, FMA | Next Generation | $25 | Review |
|
UK, Singapore, Australia | FCA, MAS, ASIC | MT4, AT Pro, Advantage Web |
£100 | Review |
|
Cyprus, Australia | CySec, ASIC | MT4, Web, Mobile app |
$100 | Review |
|
Germany | BaFin | MT4, Web, FlatTrader |
$200 | Review |
|
Cyprus | CySEC | MT4, MT5, cTrader |
$300 | Review |
|
Cyprus | CySEC | MT4, Web | $25 | Review |
|
Cyprus, Germany | CySEC, BaFin | MT4, Web | $1 | Review |
|
Cyprus | CySEC | in-house mobile app |
$50 | Review |
|
Germany | BaFin, Bundesbank | MT4 | Review | |
|
Germany | None | MT4 | €500 | Review |
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