German Forex Brokers

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. Of course, exceptions apply to undertakings domiciled in another country of the European Economic Area (EEA).

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. In addition, all financial services institutions have to be members of the Ivestment Compensation Scheme, which covers a maximum amount of €20,000 per investor.

German Forex Brokers

Broker	Country	Regulation	Platforms	Min.deposit	Review
	Cyprus, Australia	CySec, ASIC	MT4, Web, Mobile app	$100	Review Website
	Australia	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	UK, Cyprus, Australia	FCA, CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia	FCA, ASIC	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
	Germany	BaFin	MT4, Web, FlatTrader	$200	Review
	UK, Cyprus, Bulgaria	FCA, CySec, FSC	Web	$150	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

Germany’s BaFin orders unregulated broker XtraderFX to cease operations

Mar 08 2019 14:11:05 Jonathan Smith in Market

The German Federal Financial Supervisory Authority (BaFin) has ordered XtraderFX operated by GPay Ltd. to immediately cease offering investment services and advice to German investors. Read more

Germany’s BaFin orders unregulated broker XtraderFX to cease operations

Mar 08 2019 14:11:05 Jonathan Smith in Market

The German Federal Financial Supervisory Authority (BaFin) has ordered XtraderFX operated by GPay Ltd. to immediately cease offering investment services and advice to German investors. Read more

BaFin orders Prestige FM / Euro Wealth OÜ to cease operations

Jan 15 2019 11:58:26 Jonathan Smith in Market

The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has ordered Euro Wealth OÜ, operating Prestige Financial Markets brokerage brand, to cease offering illegal cross-border trading services to German investors. Read more

BaFin orders Prestige FM / Euro Wealth OÜ to cease operations

Jan 15 2019 11:58:26 Jonathan Smith in Market

BaFin follows suit, restricts CFD trading permanently

Dec 21 2018 14:26:23 Jonathan Smith in Market

Germany’s financial regulator BaFin plans to apply permanently ESMA’s CFD trading restrictions on a national level. The decision is intended as a protective measure for retail investors which will take effect in 2019. Read more