11 Best Forex Brokers in Germany
The 11 Best Forex Brokers in Germany revealed. The following list of the top ten brokers is a complete guide for anyone wishing to succeed in the German Forex market.
In this in-depth guide, you’ll learn:
- 11 Best Forex Brokers in Germany
- Different Trading Platforms and Account Types
- Is Forex Trading Legal in Germany?
and much, MUCH more!
| 🔍Forex Broker | ✏️Sign Up Here | 💵Minimum Deposit | 💶Minimum Deposit (EUR) |
| 🥇XTB | 👉 Click Here | 0 USD | 0 EUR |
| 🥈IG | 👉 Click Here | 0 USD | 0 EUR |
| 🥉Pepperstone | 👉 Click Here | 0 USD | 0 EUR |
| 🏅FP Markets | 👉 Click Here | 100 USD | 87.76 EUR |
| 🏆XM | 👉 Click Here | 5 USD | 4.39 EUR |
| 🥇Plus500 | 👉 Click Here | 100 USD | 87.76 EUR |
| 🥈OANDA | 👉 Click Here | 0 USD | 0 EUR |
| 🥉Admirals | 👉 Click Here | 100 USD | 87.76 EUR |
| 🏅Saxo Bank | 👉 Click Here | 0 USD | 0 EUR |
| 🏆AvaTrade | 👉 Click Here | 100 USD | 87.76 EUR |
| 🥇Tickmill | 👉 Click Here | 100 USD | 87.76 EUR |
11 Best Forex Brokers in Germany (2025)
- ☑️ XTB – Overall, The Best Forex Brokers in Germany
- ☑️ IG – Best Low-Cost Forex Broker
- ☑️ Pepperstone – Best MT4 Broker
- ☑️ FP Markets – Best Multi-Asset Forex Broker
- ☑️ XM – Exceptional Customer Service
- ☑️ Plus500 – Best CFD Forex Broker
- ☑️ OANDA – Most User-Friendly Broker
- ☑️ Admirals – Most Trustworthy Forex Broker
- ☑️ Saxo Bank – Best Mobile Trading Platform
- ☑️ AvaTrade – Best Forex Broker for Beginners
- ☑️ Tickmill – Best Commodities Broker
XTB
XTB is a globally recognized online broker, established in 2002 and headquartered in Warsaw, Poland.
The broker has a significant presence in Germany, with a branch office located in Berlin. German traders benefit from services tailored to their needs, including: Regulatory Oversight, Local Customer Support, and Access to Global Markets.
They offer their proprietary trading platform, xStation 5, known for its user-friendly interface and advanced trading tools. The platform is available on desktop, web, and mobile devices, allowing traders to manage their accounts and execute trades on the go.
Frequently Asked Questions
Is XTB available to German traders?
Yes, XTB has a significant presence in Germany, with a branch office located in Berlin. German traders benefit from services tailored to their needs.
What account types does XTB offer?
XTB provides a standard account suitable for both beginners and experienced traders. The account offers competitive spreads, no minimum deposit requirement, and access to a wide range of instruments.
Does XTB offer Islamic (swap-free) accounts?
Yes, XTB offers Islamic accounts that comply with Shariah law, which are available upon request.
What trading platforms does XTB offer?
XTB provides access to its proprietary trading platform, xStation 5, known for its user-friendly interface and advanced trading tools. The platform is available on desktop, web, and mobile devices, allowing traders to manage their accounts and execute trades on the go.
Our Insights
With local offices and BaFin regulation in Germany, it provides tailored support and services for German clients. Whether you’re trading Forex, stocks, or commodities, XTB delivers competitive pricing, fast execution, and secure operations – all supported by top-tier regulatory oversight. For German traders and others globally, XTB stands out as a reliable and user-friendly trading partner.
IG
IG is a globally recognized online trading provider, established in 1974 and headquartered in London. In Germany, IG operates through its subsidiary IG Europe GmbH, which is authorized and regulated by the Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank.
IG offers several trading platforms to cater to different trader needs: IG Web Platform, MetaTrader 4 (MT4), ProRealTime, and Mobile Trading App.
Frequently Asked Questions
Is IG available to German traders?
Yes, IG operates in Germany through its subsidiary IG Europe GmbH, which is authorized and regulated by the Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank.
Does IG offer educational resources for traders?
Yes, IG provides a comprehensive range of educational materials, including: Video Tutorials, Webinars and Seminars, and Market Analysis.
Does IG offer demo accounts?
Yes. IG offers a free demo account with virtual funds, allowing beginners to practice trading in real-time conditions without risking real money.
What trading platforms does IG offer?
IG provides: IG Web Platform, MetaTrader 4 (MT4), ProRealTime, and Mobile Trading Apps (iOS & Android).
Our Insights
IG’s combination of educational resources, demo accounts, and diverse trading tools makes it an excellent choice for beginners and advanced traders alike. Whether you’re in Germany or elsewhere, IG provides a secure and professional environment to grow as a trader.
Pepperstone
Pepperstone is a globally recognized online Forex and CFD broker, founded in 2010 in Australia. It is known for its low spreads, fast execution speeds, and support for popular platforms like MetaTrader 4, MetaTrader 5, and cTrader.
In Germany, Pepperstone operates under Pepperstone GmbH, which is regulated by BaFin (Federal Financial Supervisory Authority).
Frequently Asked Questions
What trading platforms are available?
You can trade with: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView.
Does Pepperstone offer a demo account?
Yes. You can open a free demo account with virtual funds to practice trading under real market conditions.
What account types does Pepperstone offer?
There are two main account types: Standard Account and Razor Account.
Is Pepperstone available in Germany?
Yes. Pepperstone is available in Germany through Pepperstone GmbH, which is fully regulated by BaFin and compliant with EU trading laws.
Our Insights
Regulation by BaFin in Germany offers German traders a highly secure and compliant trading environment. Pepperstone’s support for powerful platforms like MT4, MT5, and cTrader, along with its transparent pricing and excellent customer service, makes it a reliable choice for accessing global financial markets.
FP Markets
FP Markets is a well-established online Forex and CFD broker founded in 2005 and headquartered in Australia.
Traders praise the broker for its low-cost trading, robust educational resources, and no dealing desk (NDD) execution model, making it an attractive option for those in Germany looking for a trustworthy international broker.
Frequently Asked Questions
Can traders in Germany open an account with FP Markets?
Yes. German clients can trade with FP Markets via First Prudential Markets Ltd, which is CySEC-regulated under the EU’s MiFID II framework.
What types of accounts does FP Markets offer?
FP Markets offers multiple account types, including: Standard Account, Raw Spread Account, Iress Account, and Islamic (Swap-Free) Accounts.
Are Islamic (swap-free) accounts available?
Yes. You can open swap-free accounts on both Standard and Raw MT4/MT5.
Can I open a demo account?
Yes. FP Markets offers free demo accounts on MT4, MT5, and Iress with virtual funds—ideal for practicing without risk.
Our Insights
The broker supports popular platforms like MT4, MT5, and Iress, and offers various account types, including swap-free Islamic accounts. FP Markets is a solid choice for traders looking for cost-effective trading with comprehensive market access.
XM
XM is a global Forex and CFD broker founded in 2009, known for its low spreads, flexible leverage options, and comprehensive educational resources.
The broker operates in Germany through its CySEC-regulated entity (Cyprus Securities and Exchange Commission), which complies with EU financial regulations, including MiFID II. This allows XM to offer services to German traders under robust investor protection standards.
XM is a popular choice among German traders seeking a broker with strong regulation, competitive conditions, and excellent customer support.
Frequently Asked Questions
Is XM available to German traders?
Yes. XM operates under its Cyprus-regulated entity (Trading Point of Financial Instruments Ltd), passported into Germany and overseen by BaFin (Federal Financial Supervisory Authority) under MiFID II.
What account types does XM offer?
XM provides: Micro Account, Standard Account, Ultra Low Account, Zero Account, and Shares Account.
What is the minimum deposit?
You can start live trading with as little as USD 5 (or equivalent) on Micro, Standard, Ultra Low, and Zero accounts.
Does XM offer Islamic (swap-free) accounts?
Yes. XM’s Swap-Free (Islamic) Account removes all overnight swap/rollover fees while maintaining the same spreads and leverage as standard accounts.
Our Insights
With MetaTrader 4 and MetaTrader 5 platforms, low minimum deposit requirements, competitive spreads, and a strong focus on client education and support, XM is a solid choice for both beginner and experienced traders.
Plus500
Plus500 is a leading online CFD provider founded in 2008 and listed on the London Stock Exchange (LSE: PLUS).
The broker combines a robust regulatory framework with user-friendly platforms and industry-standard protections, making it an accessible and secure choice for traders in Germany.
Frequently Asked Questions
Is Plus500 available in Germany?
Yes. Plus500’s Cyprus-regulated entity (Plus500CY Ltd, CySEC Licence No. 250/14) passports its services into Germany under MiFID II and complies with BaFin’s requirements, including negative balance protection.
Which trading platforms are available?
You can trade via the Plus500 WebTrader, desktop application, iOS/Android mobile apps, and Windows app.
Are Islamic (swap-free) accounts available?
Yes. Plus500 offers an Islamic Trading Account with no overnight charges, no swap fees, and no rollover costs in compliance with Shariah principles.
Are demo accounts available?
Yes. Free, unlimited demo accounts are available on WebTrader and mobile apps, allowing you to practice with virtual funds in real-market conditions.
Our Insights
The platform’s intuitive design, zero commissions, and multilingual support make it especially appealing to both beginners and experienced traders looking for a reliable, transparent broker.
OANDA
OANDA is a globally recognized forex and CFD broker, founded in 1996. It is known for its strong regulatory compliance, advanced trading platforms, and transparent pricing.
The broker serves German traders via its EU operations. German clients benefit from negative balance protection and segregated funds, as per EU law. They offer the OANDA Trade platform (web, desktop, and mobile), and support MetaTrader 4 (MT4), along with Standard retail accounts; professional accounts available in Europe upon qualification.
Frequently Asked Questions
Can I trade with OANDA from Germany?
Yes, German residents can open accounts through OANDA Europe Markets Ltd, regulated under BaFin. All EU trading protections apply.
What are OANDA’s spreads like?
Spreads vary by account type and market conditions. For EUR/USD, typical spreads are around 1.0 pip on standard accounts.
Is there a minimum deposit?
No minimum deposit is required for most OANDA accounts, though some advanced accounts may have thresholds.
Is my money safe with OANDA?
Yes. OANDA keeps client funds in segregated accounts and offers negative balance protection in Europe, including Germany.
Our Insights
OANDA is a well-established, highly regulated forex and CFD broker trusted by traders globally, including in Germany. It offers competitive spreads, robust platforms (including MT4), and strong regulatory oversight under BaFin for EU clients.
Admirals
Admirals is a globally recognized forex and CFD broker, established in 2001, offering a wide range of trading instruments and platforms.
The broker offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with MetaTrader Supreme Edition and a proprietary mobile app, along with Multiple account options with competitive spreads and leverage up to 1:30 for retail clients in the EU, in line with regulatory standards.
Frequently Asked Questions
What trading platforms does Admirals offer?
Admirals provides access to: MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader Supreme Edition, and the Admirals Mobile App.
What is the minimum deposit?
The minimum deposit is $100 (or equivalent in euros).
Is Admirals available in Germany?
Yes. Admirals serves German clients under EU regulations, ensuring compliance with BaFin standards. German traders benefit from negative balance protection and segregated client funds.
Does Admirals offer Islamic (swap-free) accounts?
Yes. Admirals provides Islamic accounts that comply with Sharia law, offering swap-free trading. Availability may depend on the client’s country of residence.
Our Insights
Admirals is a reputable, well-regulated forex and CFD broker with strong coverage in Europe, including Germany. German clients benefit from EU investor protections, negative balance protection, and local support, making Admirals a reliable choice for both beginners and advanced traders.
Saxo Bank
Saxo Bank is a Danish investment bank, established in 1992, specializing in online trading and investment. It offers a comprehensive suite of financial products and services to retail and institutional clients globally, including in Germany.
Saxo Bank operates in Germany under EU regulations, providing German clients with access to its full range of services and products.
Frequently Asked Questions
Can I open an account with Saxo Bank from Germany?
Yes, Saxo Bank accepts clients from Germany. You can open an account online by completing the application form, and approvals typically occur within 48 hours.
What account types does Saxo Bank offer?
Saxo Bank provides various account types, including: Classic Account, Platinum Account, VIP Account, Joint Account, Corporate Account, Professional Account, and a Demo Account.
What trading platforms are available?
Saxo Bank offers proprietary platforms: SaxoTraderGO and SaxoTraderPRO.
How can I contact Saxo Bank’s customer support?
Saxo Bank offers 24/5 customer support in multiple languages. You can reach them through Live Chat, Phone, and Email support.
Our Insights
With powerful platforms like SaxoTraderGO and SaxoTraderPRO, it caters to both retail and professional traders. Saxo operates under strong EU regulations, making it a safe choice for German traders, who benefit from investor protection and transparent pricing.
AvaTrade
AvaTrade is a global online broker established in 2006, offering trading services in forex, CFDs, stocks, commodities, cryptocurrencies, and more.
The broker is authorized in Europe under MiFID II regulations, which allows it to offer services across the EU, including Germany, through its Irish entity, regulated by the Central Bank of Ireland. German traders benefit from EU consumer protections, such as negative balance protection and investor compensation schemes under MiFID II. AvaTrade offers multiple trading platforms to cater to different types of traders.
Frequently Asked Questions
What trading platforms does AvaTrade offer?
AvaTrade provides several platforms, including: MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO (mobile app), AvaOptions (for options trading), and AvaSocial (for social trading).
Is AvaTrade regulated in Germany?
AvaTrade operates in Germany under EU regulations, specifically through its entity regulated by the Central Bank of Ireland.
Is my money safe with AvaTrade?
Yes, AvaTrade implements measures like segregated client accounts and negative balance protection to ensure the safety of your funds.
What are AvaTrade’s customer service hours?
AvaTrade offers 24/5 customer support, excluding weekends.
Our Insights
AvaTrade provides a variety of trading platforms, such as MetaTrader 4, MetaTrader 5, and its proprietary AvaTradeGO, making it accessible to both beginners and advanced traders. While they are not directly regulated by BaFin in Germany, they operate legally under EU MiFID regulations. As with any broker, traders need to review terms and conditions and ensure they are comfortable with the offered services.
Tickmill
Tickmill Europe Ltd is registered with the German Federal Financial Supervisory Authority (BaFin) under registration number 146511.
It offers a range of trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies, with leverage up to 1:1000 on certain accounts. Tickmill provides access to trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary Tickmill Trader app.
Frequently Asked Questions
Can I have both a demo and a live account?
Yes, you can operate both demo and live accounts simultaneously. For MetaTrader platforms, it’s recommended to install them in different folders on your computer.
What account types does Tickmill offer?
Tickmill offers several account types: Classic Account, Raw Account, Islamic Account, and Demo Account.
Is Tickmill regulated in Germany?
Yes, Tickmill Europe Ltd is registered with the German Federal Financial Supervisory Authority (BaFin) under registration number 146511, allowing it to legally offer services to residents of Germany.
How long does it take to process withdrawals?
All withdrawal requests are processed within one working day.
Our Insights
With platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Tickmill offers flexibility for both beginner and advanced traders. If you’re looking for a cost-effective and well-regulated broker with strong customer support, Tickmill could be a great option for your trading needs.
Is Forex Trading in Germany Legal?
Yes, forex trading is legal in Germany. The Federal Financial Supervisory Authority (BaFin) rigorously regulates the German financial market and supervises forex trading, ensuring that brokers comply with strict standards. Traders in Germany can legally participate in forex trading as long as their broker holds a BaFin license or operates under European Union regulations (e.g., MiFID II).
Here are some key points to consider:
- Regulated Brokers: Traders should choose forex brokers regulated by BaFin or other trusted EU regulatory bodies to ensure their safety and compliance with legal standards.
- Investor Protection: Germany, as part of the EU, offers investor protection schemes, which means that clients of BaFin-regulated brokers are protected up to €20,000 in case of broker insolvency.
- Taxation: Forex trading profits in Germany are subject to taxation. Traders are required to report their gains to the tax authorities and pay taxes accordingly.
As long as you’re trading with a licensed and regulated broker, forex trading is fully legal and secure in Germany.
In Conclusion
Top choices in Germany include OANDA, Admirals (Admiral Markets), Saxo Bank, AvaTrade (via its Irish entity), and Tickmill—each combining strong regulation, robust trading tools, and tailored support for German clients. By selecting a well-regulated broker, beginners and experienced traders alike can confidently access the global forex market from Germany.
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