6 Best Forex Brokers in Germany for 2025

List of Top German Forex Brokers

Forex Trading in Germany

The forex and CFD trading industry in Germany is experiencing significant growth and is known for its highly regulated financial sector. With a multitude of options available to traders of all experience levels, navigating this market can be a daunting task. However, rest assured that we have done the groundwork for you.

Germany boasts a robust regulatory framework overseen by the Federal Financial Supervisory Authority (BaFin), which prioritizes investor protection. Brokers wishing to operate in the country must obtain a license from BaFin or another reputable European regulator. This ensures that traders’ interests are safeguarded, offering peace of mind in a potentially complex market.

How Did FX Empire Select The Best Brokers in Germany?

To choose the best brokers in Germany, I used the FX Empire 250-point rating system to find the leaders in each category. I focused on the following key features:

• I chose brokers that accept German residents.
• I prioritized brokers regulated by BaFin or European Tier-1 regulators.
• I focused on trustworthy and transparent brokers.
• I preferred brokers that have EUR as the base currency.
• I explored the localized German version of the website to identify any dedicated features for German clients, such as the relevant hours of customer support.
• I listed brokers that have user-friendly and feature-rich platforms.
• I chose brokers that offer low fees.
• I focused on brokers that provide their websites and customer support in German.

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

Without further ado, let’s move to the selected brokers.

How to Choose the Best Broker in Germany?

Use our guide to choose the forex broker in Germany that fits your needs.

How to choose a safe broker as a Germany-based trader?

The process of choosing a legal forex broker in Germany begins with learning where your potential broker is regulated. Germany-based traders may find BaFin-regulated brokers, although the majority of brokers will offer a CySEC-regulated entity.

Traders should prioritize essential safeguards such as negative balance protection, segregated funds, and compensation funds, all of which offer reassurance in case of financial issues. BaFin and CySEC equally enforce robust protections for traders.

Read more about best CySEC-regulated brokers and best BaFin-regulated brokers.

What fees should you focus on when choosing a broker?

Typically, brokers charge spreads, commissions, swap/rollover fees, and inactivity fees.

The spread is the difference between the bid and the ask price. The higher the spread, the more you pay for the trade. We consider spreads below 1 pip for EUR/USD and 3 pips for GBP/JPY to be low.

A commission is a fixed cost of entering the trade. Usually, accounts that charge commissions offer low spreads. For instance, for forex pairs and gold commissions below $3 are considered to be low.

A swap/rollover fee is charged when you hold a leveraged position overnight. Traders should pay extra attention to these fees if they plan to use swing trading strategies, which involve holding positions for several days or even weeks. For forex pairs, a swap rate below 0.5 pips is viewed as a good result.

An inactivity fee is a fee that is charged by the broker if your account is dormant. In this case, a certain amount of money is charged monthly. An inactivity fee below $10 is considered to be low.

Check out our list of Best lowest spread forex brokers.

How to choose the right account for trading in Germany?

As a Germany-based trader, you should understand the difference between various types of accounts that will help you to choose the right one.

• Demo accounts are used for practice without risking real money. Such accounts should be used by novice traders making their first steps in trading. Read more about Best forex demo accounts.
• Spread-based accounts typically charge spreads and swap/rollover fees. These accounts are usually a good choice for traders whose trading volume is expected to be relatively modest.
• Commissions-based accounts charge commissions in addition to spreads and swap/rollover fees. Usually, spreads are tight in such accounts. These accounts are suitable for traders whose trading volume is expected to be high.
• On Islamic accounts, swap/rollover fees are not charged to ensure compliance with Sharia law. Read more about Best Islamic forex accounts.
• Professional accounts usually have a high minimum deposit and offer access to high leverage that most professional traders are looking for. Read more about Best forex brokers for professionals.

Explore Best ECN forex brokers and Best STP forex brokers.

How to choose a trading platform in Germany?

Typically, most brokers provide access to MetaTrader4 and/or MetaTrader5. Those are sophisticated platforms with a variety of tools tailored mainly for experienced traders, hence, beginners may have to spend some time learning the ropes.

Some brokers have also developed in-house trading platforms. Usually, such platforms are focused on the needs of different levels of traders. They are easy to navigate and simple to use.

The choice of trading platform depends on personal preferences and trading experience. Novice traders are advised to begin with a user-friendly platform or a mobile app, whereas experienced traders typically opt for MT4/MT5.

Check out our dedicated guides on best forex platforms, best MT4 brokers, and best MT5 brokers.

What leverage is available for traders in Germany?

Leverage allows traders to use borrowed funds to increase their profits. The higher the leverage, the higher your potential profits are. However, leverage is a double-edged sword, and using high leverage also boosts your potential losses. Thus, beginners will be better off starting with low levels of leverage to avoid outsized losses.

The maximum potential leverage that the broker can offer is determined by the regulator. Reputable regulators like FCA and CySEC usually limit the leverage to 1:30. For retail traders, BaFin sets leverage limits at 1:30 for major currency pairs, 1:20 for non-major currency pairs and gold, 1:10 for commodities, 1:5 for indices and single stocks.

On the contrary, offshore regulators may allow the broker to offer leverage of up to 1:3000. To get access to higher leverage, traders should open accounts with entities that are regulated by offshore regulators and offer fewer protections. Note that it’s necessary to consider your risk tolerance and trading strategy before engaging in high-leverage trading.

Read more about best forex brokers with high leverage.

What to avoid when choosing a broker in Germany?

Here are the five things to avoid when choosing a broker in Germany:

• Neglecting to verify regulatory compliance.
• Overlooking broker fees, such as spreads, commissions, and swap rates.
• Selecting an account type that does not align with your requirements.
• Skipping to review the range of instruments provided by the broker.
• Avoiding straight communication with the support team before opening an account.

How to avoid forex scams?

To safeguard yourself against forex scams, follow these essential guidelines:

• Research and choose a reputable broker: Conduct thorough research to identify a broker with a solid reputation and a history of regulatory compliance. Verify its credentials and look for reviews or testimonials from reliable sources.
• Check the regulatory status: Ensure that the broker you select is regulated by a recognized financial authority. This oversight provides a decent level of protection and ensures adherence to industry standards.
• Be cautious of unrealistic promises: Beware of brokers or investment schemes that promise guaranteed high returns or low-risk opportunities. Forex trading involves inherent risks, and legitimate brokers will not make unrealistic claims.
• Avoid unregulated entities: Steer clear of unregulated brokers or those operating from offshore jurisdictions with weak regulations. Regulatory oversight helps protect your funds and ensures fair trading practices.
• Understand the terms and conditions: Read and comprehend the broker’s terms and conditions, including fee structures, withdrawal policies, and any potential hidden costs. Beware of brokers that make it difficult to access or withdraw your funds.
• Use secure payment methods: Choose reputable payment methods that offer additional security layers, such as bank transfers or established electronic payment systems. Avoid dealing with brokers that solely accept cryptocurrency or other non-traceable forms of payment.
• Stay informed and educated: Continuously educate yourself about forex trading and stay updated on market trends and news. This knowledge will empower you to make informed decisions and identify potential scams.
• Trust your instincts: If something seems too good to be true or raises suspicions, trust your gut instinct and exercise caution. Take the time to seek advice from trusted financial professionals or consult with experienced traders before making any decisions.

Our Methodology

FX Empire, with a history dating back to 2010, has established itself as a reputable authority in broker reviews. Our extensive experience in evaluating CFD brokers, spanning over a decade, has led us to develop a meticulous and comprehensive review strategy. Adhering to rigorous guidelines for editorial integrity, we maintain a commitment to providing unbiased assessments.

Our review process adheres to a diligent protocol, encompassing objective criteria and measurable data. This systematic approach enables us to generate an impartial score that accurately reflects the broker’s performance. Through our efforts, we aim to furnish traders with a comprehensive and unbiased review, enabling them to make informed decisions tailored to their specific requirements.

To choose the best brokers for you, we rate them across nine categories and calculate a score that reflects their performance. The categories include

• Trust and Stability
• Fees
• Platform and Tools
• Tradable Instruments
• Account Types
• Deposit and Withdrawal
• Research
• Customer Support
• Education.

We open accounts, test platforms, measure spreads, and chat with support teams to collect as much data as we can for each broker. In total, we examine brokers according to over 250 data points.

Every category receives a rating from one star (weak) to five stars (excellent). The broker’s total score depends on its performance in each of these nine categories.

We highlight each broker’s strengths and weaknesses, explain regulatory details, and share the results of our live tests of brokers’ fees, customer support, and trading platforms. To learn more about our review process, click here.

For this best brokers page, we selected the best forex brokers in Germany. As traders have different needs, we separated the brokers into categories where they stood out as winners.

Meet our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

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