Are you ready to trade foreign currency pairs in Germany? You will need a safe and secure, preferably regulated, broker, and we are here to help you with that task by providing the list below of the best German forex brokers that accept German traders. It is very important that you have a financial partner for accessing the forex market that you can trust. Unfortunately, there are some bad actors out there that will tempt you with extraordinary deals but be wary. Choose the best from our list after careful comparisons and following the tips provided below.
Forex trading is presently very popular in Germany, a country representing the largest economy in the European region. Currently, over 150,000 active forex traders ply their trade online in Deutschland. Forex trading is legal in Germany, and BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), freely translated as the Federal Financial Supervisory Authority, provides regulatory oversight in the country. Forex brokers in Germany must be licensed and comply with its standards for customer care, capital adequacy and operational efficiency.
Risk Warning: Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Losses can exceed the initial investment. Please ensure you fully understand the risks and take appropriate care to manage your risk.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
78.8% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products which match your knowledge and experience.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Trading CFDs involves substantial risk of loss and may not be suitable for all investors. Trading such high-risk financial contracts may result in the loss of all the client's invested capital. 77.7% of retail investors lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. UK: 68.61%, EU: 77.99% of retail investor accounts lose money when spread betting or trading CFDs with OvalX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.
RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading derivatives with this provider. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high degree of risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can result in losses larger than your initial stake or deposit.
XM Broker Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When choosing a broker for forex trading in Germany, the primary factor is regulatory oversight. Regulators, even the major ones, can only police within their national jurisdiction, though there are cooperation agreements between various entities. Select from this list of regulated forex brokers in Germany and evaluate them on the following characteristics:
Is forex trading legal in Germany?
Yes, it is legal to trade forex in Germany. The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) is the primary regulator, acting under the auspices of the country’s central bank, the Deustche Bundesbank. BaFin licenses forex brokers and monitors their adherence to applicable laws and regulations. It also complies with rules laid down by the European Securities and Markets Authority (ESMA).
Can German traders trade in other countries?
The answer depends on the jurisdiction. If local regulators forbid forex trading for any reason, then a German resident might not be able to trade. In that case, however, if the trader can access his or her broker on the Internet, the broker may permit trading, if it does not violate local law. Check with your broker for more information.
Can non-EU citizens trade forex in Germany?
Forex trading is legal in Germany. A non-resident should not have a problem trading forex in Germany, if his or her broker permits account access. The broker may block access if it violates local regulations. Check with your broker for clarification.
