5 Best Forex Brokers in Germany
We have listed the 5 Best Forex Brokers in Germany, offering access to global currency pairs with competitive spreads, robust regulation, and advanced trading platforms. These brokers ensure that both beginners and professional traders can trade Forex efficiently, enjoying secure conditions and reliable tools to build confidence in the market.
5 Best Forex Brokers in Germany (2025)
- MultiBank Group – Overall, the Best Forex Broker in Germany.
- XTB – Regulated by top-tier authorities, including BaFin.
- IG – Provides access to over 17,000 markets.
- AvaTrade – Supports German traders with localized services and education.
- Tickmill – Offers MetaTrader 4 and MetaTrader 5 with advanced tools.
Top 10 Forex Brokers (Globally)
1. MultiBank Group
MultiBank Group holds a BaFin license in Germany via its subsidiary MEX Asset Management GmbH (HRB 73406), enabling German traders to access services under full regulatory oversight by Germany’s Federal Financial Supervisory Authority ( 🇩🇪 BaFin).
| Feature | Detail | Why It Matters |
| 🇩🇪 BaFin-Regulated Entity | MEX Asset Management GmbH (HRB 73406) | Provides local regulatory protection |
| Frankfurt HQ Focus | European hub for DACH region | Enhances localization and accessibility |
| EUR Base Accounts Support | Local currency/ German-language service | Improves convenience for German clients |
| Global Regulatory Network | Over 14 licenses worldwide | Enhances overall safety and credibility |
Frequently Asked Questions
Is MultiBank Group properly regulated for German traders?
MultiBank Group operates in Germany through MEX Asset Management GmbH, which BaFin (HRB 73406) fully licenses. German clients receive robust oversight and comply with stringent local rules.
Can traders in Germany open accounts with MultiBank Group?
MultiBank welcomes German clients through its BaFin-regulated Frankfurt entity and provides local-language support, EUR-based accounts, and high regulatory standards tailored to Germany.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong BaFin regulation | Complex structure of multiple entities |
| Local Frankfurt presence | High minimum deposit (e.g. $10 000) |
| German-language support & EUR base | Potentially higher entry cost |
| Wide global regulatory coverage | May be overwhelming for new traders |
| Established platforms | Advanced features may confuse beginners |
Our Insights
MultiBank Group fully regulates and approves services for German traders, offering BaFin-licensed operations through its Frankfurt entity and ensuring compliance with local protections, making it a legitimate and accessible option in Germany.
# Criteria Score
1 Overall Rating and Trust Score ⭐⭐⭐⭐☆
2 Range of Investments, Platforms and Tools ⭐⭐⭐⭐☆
3 Commissions, Fees, and Bonus Offers ⭐⭐⭐⭐☆
4 Research and Education ⭐⭐⭐⭐☆
5 Mobile Trading and User Experience ⭐⭐⭐⭐⭐
6 Customer Support and Regulatory Compliance ⭐⭐⭐⭐⭐
7 Deposit and Withdrawal Option ⭐⭐⭐⭐☆
8 Execution Speed and Order Types ⭐⭐⭐⭐☆
9 Risk Management and Safety Measures ⭐⭐⭐⭐⭐
10 Markets Analysis and Trading Tools ⭐⭐⭐⭐☆
2. XTB
XTB holds official registration with 🇩🇪 BaFin as a German branch under license ID 10121520, and it operates under solid EU-wide oversight via FCA, CySEC, KNF, and other top regulators, ensuring trust and legal clarity for German clients.
| Feature | Detail | Why It Matters |
| 🇩🇪 BaFin-Registered Branch | License ID 10121520 | Direct regulatory oversight in Germany |
| Broad EU Regulation | FCA CySEC KNF CNMV | Multi-tier protection and credibility |
| No Minimum Deposit | No mandate for German clients | Low barrier to entry |
| EUR and USD Base Currencies | Multi-currency convenience | Flexible trading setup for Germans |
Frequently Asked Questions
Is XTB fully regulated for traders in Germany?
XTB operates a German branch registered with 🇩🇪 BaFin (ID 10121520). The branch also falls under XTB’s regulation by other respected authorities, including FCA, CySEC, KNF, and CNMV, providing layered protection.
Can German residents open accounts with XTB?
XTB accepts German clients without restrictions and supports EUR and USD base currencies. The broker provides local support and imposes no minimum deposit requirement, ensuring seamless onboarding for German traders.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Solid BaFin registration | EU leverage limits may be conservative |
| Wide regulatory footprint across EU | Advanced tools may overwhelm beginners |
| No minimum deposit requirement | Limited crypto options in some accounts |
| Local language support and services | Withdrawal fees can apply |
| Proprietary xStation platform | 30-day demo limit in some cases |
Our Insights
XTB clearly regulates, authorizes, and fully serves German traders through its BaFin-registered branch and robust EU regulatory framework. German clients gain strong protection, localized services, and easy access, making XTB a legitimate and attractive option for Forex trading in Germany.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
3. IG
IG operates a German entity, IG Europe GmbH, holding full authorization from 🇩🇪 BaFin (registration 148759) and regulation by the Deutsche Bundesbank, providing German traders with direct oversight, fund protection, and legal clarity under local supervision.
| Feature | Detail | Why It Matters |
| 🇩🇪 BaFin-Authorized Entity | IG Europe GmbH (Reg 148759) | Ensures local legal compliance and trust |
| Multiple Tier-One Regulators | FCA ASIC BaFin, others | Offers multi-layered credibility |
| Fund Safeguards | Segregated accounts, deposit protection via EdW | Enhances client fund security |
| Diverse Trading Platforms | IG Web Platform MT4 ProRealTime Mobile App | Provides flexible, localized trading tools |
 | Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes |
Frequently Asked Questions
Is IG officially regulated for German Forex traders?
IG operates a German subsidiary, IG Europe GmbH, fully authorized by 🇩🇪 BaFin and Deutsche Bundesbank, and provides German clients with compliance under rigorous local financial rules and safeguards.
Can traders in Germany open accounts with IG?
German residents can open accounts through IG Europe GmbH. IG provides Germany-focused platforms, local language service, EUR base accounts, and fully complies with German regulations to ensure accessibility.
| Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong BaFin and Bundesbank regulation | Minimum deposit around €250 may deter some |
| Wide range of trading instruments | No advanced copy trading features |
| Robust client fund protection schemes | German tax withholding practices may frustrate |
| Local support, German language, EUR trading | Some platform tools complex for beginners |
| Multiple secure platforms offered | Limited availability of certain products |
Our Insights
IG clearly regulates, authorizes, and actively serves German traders through its BaFin-licensed German subsidiary. Clients gain strong local oversight, fund protection, and tailored support, making IG a credible and accessible broker in Germany.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐⭐ |
Top 3 Forex Brokers in Germany – Head to Head
| Broker |  |  |  |
| 🇩🇪 Local Regulation | BaFin-Regulated (MEX Asset Management GmbH, HRB 73406) | BaFin-Registered Branch (License ID 10121520) | BaFin-Authorized Entity (IG Europe GmbH, Reg 148759) |
| Headquarters Presence | Frankfurt HQ, hub for DACH region | German branch with EU oversight | German subsidiary with local operations |
| Broader Regulation | 14+ licenses worldwide | FCA CySEC KNF CNMV | FCA ASIC BaFin, others |
| Base Currencies Accounts | EUR base accounts, German-language support | EUR and USD base currencies, no minimum deposit | EUR accounts, local client services |
| Client Protections | Regulatory safety across multiple jurisdictions | Multi-tier regulatory protection | Segregated accounts, deposit protection via EdW |
| Trading Platforms | MT4 MT5 MultiBank-Plus | Proprietary xStation MT4 | IG Web Platform MT4 ProRealTime Mobile App |
| What Stands Out in Germany | Strong local presence, wide global reach | Easy entry with no minimum deposit | Strongest fund safeguards and platform variety |
| Open an Account |  | | |
4. Tickmill
Tickmill Europe Ltd registers with the German Federal Financial Supervisory Authority (🇩🇪 BaFin) under number 146511. This registration allows Tickmill to provide investment services, including receiving and transmitting orders, executing client orders, dealing on its own account, and managing portfolios of transferable securities, options, futures, swaps, forward rate agreements, CFDs, and other derivatives for residents of the European Union and European Economic Area.
| Feature | Detail | Why It Matters |
| 🇩🇪 BaFin Registration | Registered under number 146511 | Provides regulatory oversight and investor protection in Germany |
| EU-Wide Authorization | Authorized to offer services across the European Union and European Economic Area | Ensures compliance with EU financial regulations |
| Range of Services | Offers CFDs, forex, and other derivative instruments | Provides diverse trading options for German traders |
| Investor Protection | Member of the Investor Compensation Fund (ICF) | Enhances security for client funds |
 | Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes |
Frequently Asked Questions
Is Tickmill regulated in Germany?
Tickmill Europe Ltd registers with 🇩🇪 BaFin, Germany’s financial regulator, under registration number 146511.
Can German residents open accounts with Tickmill?
German residents can open accounts with Tickmill Europe Ltd, which BaFin authorizes to provide investment services to residents of Germany.
| Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Fully regulated by 🇩🇪 BaFin | Limited to services offered under EU regulations |
| Offers a wide range of trading instruments | May not offer services beyond EU jurisdictions |
| Provides investor protection through ICF | Customer support may be centralized outside Germany |
| Transparent fee structure | Limited physical presence in Germany |
| Access to EU-wide trading platforms | Regulatory changes may affect service offerings |
Our Insights
Tickmill is fully regulated by 🇩🇪 BaFin and authorized to offer trading services to German residents. Traders in Germany can access a range of investment products with the assurance of regulatory oversight.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms, and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Options | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5. eToro
eToro operates in Germany through its subsidiary, eToro Germany GmbH, registered with the German Federal Financial Supervisory Authority (🇩🇪 BaFin). eToro (Europe) Ltd, authorized by the Cyprus Securities and Exchange Commission (CySEC), provides services across the European Union, including Germany. For crypto-asset services, eToro partners with DLT Securities GmbH, a BaFin-regulated entity, and Tangany GmbH, a BaFin-licensed crypto custodian.
| Feature | Detail | Why It Matters |
| 🇩🇪 BaFin Registration | eToro Germany GmbH registered with 🇩🇪 BaFin | Ensures compliance with German financial regulations |
| EU-Wide Authorization | eToro (Europe) Ltd authorized by CySEC | Provides services across the European Union |
| Crypto-Asset Services | Partnership with DLT Securities GmbH and Tangany GmbH | Offers regulated crypto-asset trading and custody services in Germany |
| Local Presence | eToro Germany GmbH located in Frankfurt | Facilitates local support and services for German clients |
 | Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes |
Frequently Asked Questions
Is eToro regulated in Germany?
eToro operates in Germany under two regulatory frameworks: 🇩🇪 BaFin registers eToro Germany GmbH, and CySEC authorizes eToro (Europe) Ltd.
Can German residents open accounts with eToro?
German residents can open accounts with eToro through eToro Germany GmbH, which follows local regulations.
| Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Fully regulated by 🇩🇪 BaFin | Limited to services offered under EU regulations |
| Offers a wide range of investment instruments | May not offer services beyond EU jurisdictions |
| Provides regulated crypto-asset services | Customer support may be centralized outside Germany |
| Transparent fee structure | Limited physical presence in Germany |
| Access to EU-wide trading platforms | Regulatory changes may affect service offerings |
Our Insights
eToro is fully regulated and authorized to operate in Germany, offering a range of investment services to German residents.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐☆☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
5 Best Forex Brokers in Germany – a Comparison
Offers ultra-tight spreads
starting from 0.0 pips for
active Forex traders.
Headquartered in
Europe, ensuring strong
trust among German
traders.
Longstanding broker
with a strong reputation
in Germany and
worldwide.
Regulated in Europe,
ensuring compliance with
strict standards.
Fully regulated by BaFin,
Services offered under
EU regulations
Forex Trading in Germany – A Quick Overview
Forex trading in Germany is well-regulated under BaFin, ensuring safe and transparent market access for retail and professional traders. With global and local brokers offering competitive spreads, advanced platforms, and German-language support, traders can engage confidently in one of Europe’s most trusted trading environments.
Pros and Cons of Forex Trading in Germany
| ✓ Pros | ✕ Cons |
| Strong BaFin regulation | Strict leverage limits |
| Access to EU broker network | Tax obligations on profits |
| Wide choice of global brokers | Higher compliance requirements |
| Local language support | Limited bonuses/promotions |
| Advanced platforms available | Complex registration process |
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In Conclusion
Strong German regulation and global broker access secure and enhance Forex trading. Traders, whether beginners or professionals, enjoy fair conditions, trusted platforms, and a transparent framework that supports the growth of their trading strategies.
Faq
Yes, Forex trading is legal and regulated under BaFin, ensuring secure and transparent practices for retail and professional traders.
BaFin (Federal Financial Supervisory Authority) oversees Forex brokers operating in Germany, ensuring compliance with strict financial standards.
Yes, Forex profits are taxable in Germany and must be reported as capital gains, subject to local tax laws.
Yes, many global brokers operate under BaFin or EU regulation, giving German traders access to wider market choices.
MetaTrader 4, MetaTrader 5, and advanced proprietary platforms like xStation and IG’s platform are popular among German traders.
