10 Best Forex Brokers in Germany

The Top 10 Best Forex Brokers in Germany revealed. We have rated and reviewed the best Forex Brokers accepting German Traders.

 

This is a complete listing of The 10 Best Forex Brokers in Germany. In this in-depth write-up you will learn:

 

• A List of the 10 Best Forex Brokers in Germany
• Pros and Cons of Forex Trading in German
• Is Forex Trading Legal in Germany?

 

and much, much more!

 

🔍Forex Broker	🎁Sign Up Here	💵Minimum Deposit	💶Minimum Deposit (EUR)
🥇XM	👉 Click Here	5 USD	4.47 EUR
🥈AvaTrade	👉 Click Here	100 USD	89.49 EUR
🥉HFM	👉 Click Here	100 USD	89.49 EUR
🏅eToro	👉 Click Here	50 USD	44.74 EUR
🏆XTB	👉 Click Here	0 USD	0 EUR
🎖️IG	👉 Click Here	0 USD	0 EUR
🥇CMC Markets	👉 Click Here	0 USD	0 EUR
🥈FBS	👉 Click Here	5 USD	4.47 EUR
🥉FXTM	👉 Click Here	200 USD	178.98 EUR
🏆Octa	👉 Click Here	25 USD	22.37 EUR

 

10 Best Forex Brokers in Germany (2025)

 

1. ☑️XM – Overall, Best Broker in Germany
2. ☑️AvaTrade – Best Broker Choice in Germany for Beginner Traders and Scalpers
3. ☑️HFM – Popular Broker with a Micro Account Option
4. ☑️eToro – Highly Regulated Forex Broker perfect for Foreigners
5. ☑️XTB – High Leverage Broker with a $1 USD Minimum Deposit
6. ☑️IG – Popular Broker for Crypto Trading
7. ☑️CMC Markets – Excellent Technical Tools + MetaTrader 4 Trading Platform
8. ☑️FBS – High User Trust Score
9. ☑️FXTM – Award-Winning Low Spread Broker
10. ☑️OctaFX – Best Globally Regulated Broker for Social Trading

 

1. XM

Overall, XM is the Best Forex Broker in Germany. XM is a Licensed and Regulated Broker that offers access to, over 25 secure payment methods, full-featured trading platforms, and 24/7 customer support.

 

🔍Broker	🥇XM
🔢Year Founded	2009
👤Amount of Staff	600+
👥Amount of Active Traders	5,000,000+
📌Publicly Traded	None
📈Regulation	CySEC (Cyprus) ASIC (Australia) IFSC (Belize) FCA (UK)
🌎Country of Regulation	Cyprus Australia Belize UK
🗂️Account Segregation	✅Yes
➡️Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes, up to €20,000 under CySEC
➡️Institutional Accounts	None
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR GBP JPY CHF AUD HUF PLN
💵Minimum Deposit	$5
⏰Average Deposit/Withdrawal Processing Time	Within 24 hours
💷Fund Withdrawal Fee	None, but third-party fees may apply
✏️Spreads	0.6 pips
💶Commissions	Zero on Standard and Micro accounts commission on Zero accounts
🔢Number of Base Currencies Supported	11
💸Swap Fees	✅Yes
⬆️Leverage	Up to 1:1000
📉Margin Requirements	Varies by instrument and account type
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	< 1 second
🖥️VPS Hosting	✅Yes (free for eligible accounts)
📍CFDs - Total Offered	1,000+
📈CFD Stock Indices	30+
➡️CFD Commodities	15+
📊CFD Shares	1,200+
💳Deposit Options	Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies
💴Withdrawal Options	Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies
💡Trading Platforms	MetaTrader 4 MetaTrader 5 XM WebTrader
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Autochartist Trading Signals VPS
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@xm.com
☎️Customer Support Contact Number	+357 25029933
📱Social Media Platforms	Facebook Twitter LinkedIn Instagram YouTube
⚙️Languages Supported on Website	30+ languages
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles Video Tutorials Market Analysis
🤝Affiliate Program	✅Yes
👥Amount of Partners	Not publicly disclosed
🫶IB Program	✅Yes
🎁Sponsorships	✅Yes (various events and teams)
🫰🏻Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes (Micro accounts available)
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Low stock CFD and withdrawal fees	Limited product portfolio
Easy and fast account opening	No investor protection for non-EU clients

 

Frequently Asked Questions

 

What is XM?

XM is a globally recognized forex and CFD broker offering trading services for forex, commodities, stocks, indices, and cryptocurrencies.

 

Does XM charge commissions?

XM does not charge commissions on Micro and Standard accounts. Commissions apply to XM Ultra Low and Shares accounts.

 

What is the minimum deposit at XM?

The minimum deposit required to open an account with XM is USD 5/EUR 4,47 for the Micro and Standard accounts.

 

Does XM offer a demo account?

Yes, XM provides a demo account for traders to practice trading with virtual funds.

 

 

Our Verdict

XM a suitable choice for both beginners and experienced traders. Additionally, its regulation by top-tier financial authorities and the provision of negative balance protection further enhance the safety and reliability of the platform.

 

 

2. AvaTrade

AvaTrade is the best broker choice in Germany for both beginners and scalpers. The AvaTrade academy comes stocked with a multitude of courses, with a Demo account making it easy for Beginner Traders to practice the trade.  On the other hand, AvaTrade is perfect for Scalping due to its multiple regulations, excellent trading conditions, and, Multi-Platform functionality.

 

🔍Broker	🥇AvaTrade
🔢Year Founded	2006
👤Amount of staff	200+
👥Amount of active traders	Over 300,000
📌Publicly Traded	None
📈Regulation	Central Bank of Ireland (CBI) Australian Securities and Investments Commission (ASIC) Financial Sector Conduct Authority (FSCA) Financial Services Agency (FSA) Japan Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA), and more.
🌎Country of regulation	Ireland Australia Japan UAE South Africa British Virgin Islands
🗂️Account Segregation	✅Yes
🌟Negative balance protection	✅Yes
💙Investor Protection Schemes	Compensation scheme for eligible clients under certain jurisdictions
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor account currencies	USD EUR GBP AUD JPY CHF ZAR, and more
💵Minimum Deposit	$100
⏰Average deposit/withdrawal processing time	Deposits: Instant Withdrawals: 1-3 business days
💳Fund Withdrawal Fee	No fees on most payment methods, but some charges may apply depending on the method used
✏️Spreads from	0.9 pips (EUR/USD)
💷Commissions	No commissions on most trades; spreads apply
🔟Number of base currencies supported	10+
💶Swap Fees	✅Yes Swap-free accounts available for Islamic traders
⬆️Leverage	Up to 1:400 depending on jurisdiction
📉Margin requirements	Varies based on asset and leverage used
☪️Islamic account (swap-free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Fast execution generally less than 1 second
🖥️VPS Hosting	✅Yes for qualifying accounts
👉CFDs-Total Offered	1000+
📈CFD Stock Indices	30+
📉CFD Commodities	20+
📊CFD Shares	600+
💵Deposit Options	Credit/Debit Card Bank Transfer PayPal Skrill Neteller WebMoney, and more
💳Withdrawal Options	Credit/Debit Card Bank Transfer PayPal Skrill Neteller WebMoney, and more
📊Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5) AvaTradeGO WebTrader AvaOptions
🍎OS Compatibility	Windows MacOS iOS Android
🔩Forex trading tools	Autochartist Trading Central Economic Calendar AvaProtect, and more
🫴🏻Customer Support	✅Yes
🗣️Live chat availability	✅Yes
💻Customer Support Email address	support@avatrade.com
☎️Customer Support Contact Number	Varies by region accessible through the website
📱Social media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages supported on FBS Website	Multiple languages including English Spanish French Italian Arabic, and more
🎓Education and Research	✅Yes
✏️Forex course	✅Yes (AvaAcademy)
💻Webinars	✅Yes
📖Educational Resources	eBooks Videos Tutorials Blog Market Analysis
🤝Affiliate program	✅Yes
👥Amount of partners	Thousands globally
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes Various sponsorships including the Manchester City Football Club)
🎀Rebate program	✅Yes
💰Cent or Micro Accounts	None Offers Standard and Professional Accounts
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Fee Free Deposit	Limit Offers
Low Trading Fees	Inactivity Fee
User Friendly	Administration Fee

 

Frequently Asked Questions

 

Does AvaTrade offer a demo account?

Yes, AvaTrade provides a demo account that allows traders to practice trading with virtual funds.

 

What trading platforms does AvaTrade offer?

AvaTrade offers multiple platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO, and its proprietary AvaOptions platform for options trading.

 

Does AvaTrade offer an affiliate or partnership program?

Yes, AvaTrade has an affiliate program and an Introducing Broker (IB) program, allowing partners to earn commissions by referring new clients.

 

What leverage does AvaTrade offer?

AvaTrade offers leverage up to 1:400 for retail clients, depending on the regulatory jurisdiction and asset class.

 

 

Our Verdict

AvaTrade supports cryptocurrency trading and offers both an affiliate and an IB program. It charges inactivity fees but provides robust customer support in multiple languages.

 

 

3. HFM

HFM is a trusted Broker Choice that offers a wide range of account types and trading platforms. The HF Markets Cent or “Micro” account offers leverage of up to 1:2000, Variable spreads, and a Swap-Free Option.

 

🔍Broker	🥇HFM
🔢Year Founded	2010
👤Amount of Staff	200+
👥Amount of Active Traders	2.5 million+
📌Publicly Traded	None
📈Regulation	FSCA DFSA FSA FCA FSC CMA
🌎Country of Regulation	UK South Africa UAE Seychelles
🗂️Account Segregation	✅Yes
➡️Negative Balance Protection	✅Yes
📌Investor Protection Schemes	✅Yes
🎉Institutional Accounts	✅Yes
👤Managed Accounts	✅Yes (PAMM/MAM accounts)
💵Minor Account Currencies	USD EUR GBP JPY AUD ZAR
💶Minimum Deposit	0 USD
⏱️Average Deposit/Withdrawal Processing Time	1 - 3 business days
💴Fund Withdrawal Fee	None, but third-party fees may apply
✏️Spreads	0.0 pips
💷Commissions	From $6 per lot (round turn)
🔢Number of Base Currencies Supported	12
💵Swap Fees	✅Yes
⬆️Leverage	Up to 1:1000
📉Margin Requirements	Varies by instrument
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	< 30ms
🖥️VPS Hosting	✅Yes
📈CFDs - Total Offered	1,200+
📊CFD Stock Indices	20+
✏️CFD Commodities	20+
👉CFD Shares	950+
💳Deposit Options	Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods
💴Withdrawal Options	Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods
📊Trading Platforms	MetaTrader 4 MetaTrader 5 HF App
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Autochartist Trading Central VPS HFcopy
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@hfm.com
☎️Customer Support Contact Number	+44 203 097 5796
📱Social Media Platforms	Facebook Twitter Instagram LinkedIn YouTube
⚙️Languages Supported on Website	Multiple languages, including English, Chinese, Spanish, Arabic
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
🖥️Webinars	✅Yes
📖Educational Resources	Articles Video Tutorials eBooks Market Analysis
🤝Affiliate Program	✅Yes
🫶IB Program	✅Yes
🎁Sponsorships	✅Yes
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Regulated by Multiple Authorities	Limited to Non-Listed
Variety of Account Types	Inconsistent Fees
High Leverage Options	Limited Research Tools
Competitive Spreads	High Spreads on Some Accounts
Low Minimum Deposit	Varied Trading Conditions
Educational Resources Available	Fee Structure Complexity

 

Frequently Asked Questions

 

Does HFM offer a demo account?

Yes, HFM provides a demo account for traders to practice trading with virtual funds and test the platform without risking real money.

 

Does HFM offer Islamic (swap-free) accounts?

Yes, HFM offers swap-free accounts for traders who follow Sharia law.

 

What leverage does HFM offer?

HFM offers leverage up to 1:1000, depending on the account type and regulatory jurisdiction.

 

What are the spreads at HFM?

HFM offers competitive spreads, with certain accounts having spreads starting from as low as 0.0 pips.

 

 

Our Verdict

With flexible leverage options, various account types including Islamic accounts, and competitive spreads starting from 0.0 pips, it provides a user-friendly and versatile trading experience.

 

4. eToro

eToro is a perfect choice for traders from multiple countries as it is regulated by the FCA, CySEC, and, ASIC to name but a few. eToro offers its services to 30M users in 100+ countries across the globe.

 

🔍Broker	🥇eToro
🔢Year Founded	2007
👤Amount of Staff	1,000+
👥Amount of Active Traders	30+ million
📌Publicly Traded	None
📉Regulation	CySec (Cyprus) FCA (UK).
🌎Country of Regulation	UK Cyprus
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes (for European clients under CySEC regulation)
➡️Institutional Accounts	None
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR GBP AUD
💵Minimum Deposit	$10 (varies by region and payment method)
⏰Average Deposit/Withdrawal Processing Time	Instant for deposits; 1-8 business days for withdrawals
💳Fund Withdrawal Fee	$5
✏️Spreads from	1 pip
💶Commissions	Zero commission for stocks, spreads on CFDs
9️⃣Number of Base Currencies Supported	9 USD EUR GBP AUD CAD JPY CHF NZD and more
💷Swap Fees	✅Yes (overnight fees)
⬆️Leverage	Up to 1:30 (varies by instrument and region)
📉Margin Requirements	Depends on asset class
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Market execution
🖥️VPS Hosting	None
👉CFDs-Total Offered	2,000+
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💶Deposit Options	Bank transfer Credit/debit card PayPal Neteller Skrill, and more
💳Withdrawal Options	Bank transfer Credit/debit card PayPal Neteller Skrill, and more
📊Trading Platforms	Proprietary eToro Platform (Web and Mobile)
🍎OS Compatibility	Windows Mac iOS Android
🔩Forex Trading Tools	CopyTrader ProCharts Trading Signals
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	Online contact form
☎️Customer Support Contact Number	N/A
📱Social Media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages Supported on eToro Website	20+ languages
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Blogs Tutorials Guides Videos
🤝Affiliate Program	✅Yes
👥Amount of Partners	N/A
🫰🏻IB Program	None
🎁Sponsorships	✅Yes, various sports and events
🎀Rebate Program	None
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Used by 6,000,000+ traders	Doesn’t allow scalping
Established in 2006	Inactivity Fee
Regulated by FCA, CySEC, and ASIC	Limited range of instruments

 

Frequently Asked Questions

 

Does eToro offer a demo account?

Yes, eToro provides a demo account with $100,000 in virtual funds to help traders practice without risk.

 

Does eToro offer copy trading?

Yes, eToro is well-known for its CopyTrading feature, which allows users to copy the trades of successful traders automatically.

 

Is eToro suitable for beginners?

Yes, eToro is designed to be beginner-friendly with its intuitive platform, CopyTrading feature, and educational resources.

 

Does eToro charge inactivity fees?

Yes, eToro charges an inactivity fee of $10 per month after 12 months of inactivity, but only if you have a balance.

 

 

Our Verdict

eToro stands out as a user-friendly trading platform suitable for both beginners and experienced traders. With features like a demo account, CopyTrading, and a wide range of tradable assets, it offers unique opportunities for investors.

 

 

5. XTB

XTB is a High Leverage Broker with a Low $1 USD Minimum Deposit. XTB has over 20 years of experience in the Financial markets with access to top-class trading platforms and trusted customer support.

 

🔍Broker	🥇XTB
🔢Year Founded	2002
👤Amount of Staff	1,000+ employees
👥Amount of Active Traders	Over 495,000
📌Publicly Traded	✅Yes, listed on the Warsaw Stock Exchange
📉Regulation	FCA (UK) CySEC (Cyprus) KNF (Poland) IFSC (Belize)
🌎Country of Regulation	UK Cyprus Poland Belize
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes up to €20,000 under CySEC up to £85,000 under FCA
🌟Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR GBP PLN
💵Minimum Deposit	$0 for standard accounts
⏰Average Deposit/Withdrawal Processing Time	Deposits: Instant to 1 business day Withdrawals: 1-3 business days
💳Fund Withdrawal Fee	No fees for bank transfers above a certain amount otherwise, charges may apply
✏️Spreads from	0.1 pips
💷Commissions	Commissions apply for certain account types and assets (e.g., stocks, ETFs)
4️⃣Number of Base Currencies Supported	4 USD EUR GBP PLN
💸Swap Fees	✅Yes depends on instrument and account type
⬆️Leverage	Up to 1:500 (depending on jurisdiction and asset)
📉Margin Requirements	Variable, depending on asset and leverage
☪️Islamic Account (swap-free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Average 85 milliseconds
🖥️VPS Hosting	None
👉CFDs-Total Offered	Over 2,000 CFDs
📈CFD Stock Indices	35+
📉CFD Commodities	20+
📊CFD Shares	Over 1,800
💶Deposit Options	Bank transfer Credit/Debit card Skrill Neteller PayPal
💳Withdrawal Options	Bank transfer Credit/Debit card Skrill Neteller PayPal
📊Trading Platforms	xStation 5 xStation Mobile
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Advanced charting tools, economic calendar sentiment indicators trading calculators
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@xtb.com
☎️Customer Support Contact Number	Varies by region (UK: +44 203 695 3086)
📱Social Media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages Supported on Website	Multiple languages including English Spanish French German Polish
🎓Education Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles tutorials videos eBooks
🤝Affiliate Program	✅Yes
👥Amount of Partners	Not publicly disclosed
🫰🏻IB Program	✅Yes
🎁Sponsorships	Not currently
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes micro-lot trading available
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Lowest FX spreads	Does not accept U.S. clients
Regulated by FCA (U.K.)	Non-FX spread costs are high
Offers protection for client accounts	No guaranteed stop loss
Emphasis on customer service	No back-testing or automated trading capabilities

 

Frequently Asked Questions

 

Is XTB regulated?

Yes, XTB is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Polish Financial Supervision Authority (KNF).

 

What is the minimum deposit required at XTB?

The minimum deposit required to open a trading account with XTB is typically USD 0/EUR 0, but it’s advisable to check specific account types for details.

 

Does XTB offer a demo account?

Yes, XTB provides a demo account that allows traders to practice trading with virtual funds.

 

What trading platforms does XTB offer?

XTB offers its proprietary trading platform, xStation, as well as MetaTrader 4 (MT4).

 

 

Our Verdict

XTB provides a comprehensive trading environment. Their demo account allows new traders to practice without risk, while their regulatory oversight ensures a level of security for all users.

 

 

6. IG

IG is a popular choice amongst Crypto traders and it offers access to trade Bitcoin, Litecoin, and Ether.  IG is authorized and regulated by the FCA and the FSCA, with all client funds being held in segregated accounts.

 

🔍Broker	🥇IG
🔢Year Founded	1974
👤Amount of staff	Approximately 2,000+
👥Amount of active traders	Over 239,000
📌Publicly Traded	✅Yes, listed on the London Stock Exchange (LSE: IGG)
📉Regulation	FCA (UK) ASIC (Australia) CFTC (US) NFA (US) MAS (Singapore) FMA (New Zealand) JFSA (Japan) FINMA (Switzerland), and others
🌎Country of regulation	United Kingdom Australia United States Singapore New Zealand Japan Switzerland, and more
🗂️Account Segregation	✅Yes
🌟Negative balance protection	✅Yes
💙Investor Protection Schemes	FSCS (UK) - up to £85,000
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor account currencies	USD EUR GBP AUD, and others
💵Minimum Deposit	£250 (or equivalent in other currencies)
⏰Average deposit/withdrawal processing time	Deposits: Instant Withdrawals: 1-5 business days
💳Fund Withdrawal Fee	None
✏️Spreads from	0.6 pips for major currency pairs
💷Commissions	Zero commissions on Forex; Commissions may apply to shares trading
6️⃣Number of base currencies supported	6+ USD EUR GBP AUD SGD and others
💶Swap Fees	✅Yes, swap fees apply
⬆️Leverage	Up to 1:30 (retail clients) Up to 1:200 (professional clients depending on regulation)
📉Margin requirements	Varies by asset class and account type
☪️Islamic account (swap-free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	Average execution speed is less than 0.1 seconds
🖥️VPS Hosting	Yes (third-party services available)
👉CFDs-Total Offered	Over 17,000 instruments
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💶Deposit Options	Bank transfer Credit/debit card PayPal Skrill
💳Withdrawal Options	Bank transfer Credit/debit card PayPal
📊Trading Platforms	MetaTrader 4 (MT4) L2 Dealer ProRealTime IG Web Platform IG Mobile Apps
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex trading tools	Autochartist Trading Central Economic Calendar Risk Management Tools
🫴🏻Customer Support	✅Yes
🗣️Live chat availability	✅Yes
💻Customer Support Email address	helpdesk@ig.com
☎️Customer Support Contact Number	Varies by country
📱Social media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages supported on IG Website	12+ languages including English Spanish French German, and Chinese
🎓Education and Research	✅Yes
✏️Forex course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles videos tutorials eBooks seminars
🤝Affiliate program	✅Yes
👥Amount of partners	Not specified
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes, they have partnerships with various organizations, including sporting events.
🎀Rebate program	None
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Excellent Web-Trading Platform	High Fees
Educational Tools	Limited Product Portfolio
Great deposit and withdrawal options	Lacking Support

 

Frequently Asked Questions

 

What are IG’s withdrawal options?

IG supports various withdrawal methods, including bank transfers and credit/debit cards.

 

What customer support options are available at IG?

IG provides customer support through various channels, including phone, email, and live chat.

 

Does IG offer leverage?

Yes, IG offers leverage, which can go up to 1:30 for retail clients, depending on the asset class and regulatory restrictions.

 

What educational resources does IG provide?

IG offers a variety of educational resources, including webinars, trading guides, and market analysis to help traders improve their skills.

 

 

Our Verdict

IG is a well-regulated and comprehensive trading platform that offers a wide range of financial products, including forex, stocks, and cryptocurrencies. With competitive spreads, various account types, and robust educational resources, it caters to both beginners and experienced traders.

 

 

7. CMC Markets

CMC Markets offers access to excellent technical tools and market-leading MetaTrader 4 trading platform. CMC Markets offers access to thousands of spread betting and CFD instruments with dedicated customer support, 24 hours a day.

 

🔍Broker	🥇CMC Markets
🔢Year Founded	1989
👤Amount of Staff	Over 1,000
👥Amount of Active Traders	Over 80,000
📌Publicly Traded	✅Yes
📉Regulation	FCA (UK)
🌎Country of Regulation	UK
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	FSCS (UK) and ASIC's Investor Compensation Scheme
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor Account Currencies	Various
💵Minimum Deposit	£0
⏰Average Deposit/Withdrawal Processing Time	Typically 1-2 business days
💳Fund Withdrawal Fee	No fee for standard withdrawals
✏️Spreads From	0.7 pips (variable)
💷Commissions	No commission on trades, but spreads apply
🔟Number of Base Currencies Supported	Over 10
✏️Swap Fees	✅Yes, applicable depending on position
⬆️Leverage	Up to 1:500
📈Margin Requirements	Varies by instrument and leverage
☪️Islamic Account (Swap-Free)	None
🆓Demo Account	✅Yes
⏱️Order Execution Time	Fast, typically within milliseconds
🖥️VPS Hosting	Not offered
👉CFDs - Total Offered	Over 10,000
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💷Deposit Options	Bank transfer credit/debit card e-wallets
💳Withdrawal Options	Bank transfer credit/debit card e-wallets
📊Trading Platforms	Next Generation Trading Platform (web) MT4
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Advanced charting, news feed, analysis tools
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@cmcmarkets.com
☎️Customer Support Contact Number	+44 (0)20 7170 8200
📱Social Media Platforms	Facebook, Twitter, LinkedIn
⚙️Languages Supported on CMC Markets Website	English, and others
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes, vi webinars and educational materials
💻Webinars	✅Yes
📖Educational Resources	Articles tutorials, trading guides
🤝Affiliate Program	✅Yes
👥Amount of Partners	Multiple partners globally
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes, including sports events
🎀Rebate Program	Not available
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Low forex fees	High stock CFD fees
Great mobile platforms	Only CFDs available
Advanced research tools	Customer support only 24/5

 

Frequently Asked Questions

 

What are the spreads like at CMC Markets?

CMC Markets offers competitive spreads, which can be as low as 0.7 pips for forex trading.

 

Does CMC Markets offer a demo account?

Yes, CMC Markets provides a demo account that allows users to practice trading with virtual funds.

 

What instruments can I trade with CMC Markets?

CMC Markets offers a wide range of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies.

 

What educational resources do CMC Markets provide?

CMC Markets offers a range of educational materials, including webinars, articles, and trading guides.

 

 

Our Verdict

With its proprietary platform and a demo account option, it caters to both novice and experienced traders. The lack of commissions on most trades and various customer support channels further enhance its appeal.

 

 

8. FBS

FBS is a leading, global Forex Broker that offers access to various financial instruments. FBS offers access to free real-time quotes, fast order execution, and Leverage of up to 3000:1.

 

🔍Broker	🥇FBS
🔢Year Founded	2009
👤Amount of Staff	300+
👥Amount of Active Traders	Over 17 million
📌Publicly Traded	None
📈Regulation	FSC CySEC ASIC
🌎Country of Regulation	Belize Cyprus
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes, under CySEC regulations
➡️Institutional Accounts	None
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR JPY GBP, and more
💵Minimum Deposit	$1
⏰Average Deposit/Withdrawal Time	Instant to 48 hours
💳Fund Withdrawal Fee	No fees for most methods
✏️Spreads from	0.0 pips
💷Commissions	From $0 to $20 per lot, depending on account type
5️⃣Number of Base Currencies	5+
💶Swap Fees	Applicable on most accounts except for Islamic accounts
⬆️Leverage	Up to 1:3000
📉Margin Requirements	Depends on leverage and account type
☪️Islamic Account (Swap-free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	From 0.3 seconds
🖥️VPS Hosting	✅Yes
🫴🏻CFDs-Total Offered	200+
👉CFD Stock Indices	✅Yes
📈CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💴Deposit Options	Bank transfer Credit/debit cards e-wallets (Neteller, Skrill, etc.) local payment systems
💳Withdrawal Options	Bank transfer Credit/debit cards e-wallets (Neteller, Skrill, etc.) local payment systems
↪️Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5) FBS Trader App
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Economic calendar Forex calculators Market analysis VPS Trading signals
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes, 24/7
💻Customer Support Email Address	support@fbs.com
☎️Customer Support Contact Number	Callback Option
📱Social Media Platforms	Facebook Instagram YouTube Twitter LinkedIn Telegram
⚙️Languages Supported on Website	20+ (including English, Spanish, Portuguese, Chinese, Arabic, etc.)
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles videos eBooks webinars tutorials
🤝Affiliate Program	✅Yes
👥Amount of Partners	450,000+
🫰🏻IB Program	✅Yes
🎁Sponsorships	No significant sponsorships
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Low Minimum Deposit	Limited Investor Protection
High Leverage	Fees on Some Services
Multiple Trading Platforms	Variable Spread Costs
Demo Accounts	High Leverage Risks

 

Frequently Asked Questions

 

What account types does FBS offer?

FBS offers several account types, including Standard, Cent, Micro, ECN, and Crypto accounts, catering to different trading needs.

 

Does FBS offer a demo account?

Yes, FBS provides a demo account for traders to practice trading with virtual funds.

 

What leverage does FBS offer?

FBS offers leverage up to 1:3000, depending on the account type and regulatory jurisdiction.

 

What are the spreads like at FBS?

Spreads at FBS vary depending on the account type but can start from 0.5 pips on certain accounts.

 

 

Our Verdict

With high-leverage options and numerous deposit and withdrawal methods, FBS aims to cater to a wide range of trading preferences.

 

 

9. FXTM

FXTM is an award-winning, low-spread broker that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market.

 

🔍Broker	🥇FXTM
🔢Year Founded	2011
👤Amount of Staff	Over 800
👥Amount of Active Traders	Over 4 million
📌Publicly Traded	None
📈Regulation	FCA CySEC FSC
🌎Country of Regulation	UK Cyprus South Africa Mauritius
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes (varies by regulatory entity)
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR GBP NGN
💵Minimum Deposit	$10 for Cent Accounts
⏰Average Deposit/Withdrawal Processing Time	Instant - 24 hours
💳Fund Withdrawal Fee	None (but third-party fees may apply)
✏️Spreads from	0.0 pips
💶Commissions	$0 - $4 per lot depending on account type
4️⃣Number of Base Currencies Supported	4
💷Swap Fees	✅Yes
⬆️Leverage	Up to 1:2000
📉Margin Requirements	Based on leverage
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	0.05 seconds (Average)
🖥️VPS Hosting	✅Yes (Free with conditions)
📈CFDs-Total Offered	Over 250
👉CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💴Deposit Options	Bank transfer Credit/debit cards e-wallets (Skrill Neteller, etc.)
💳Withdrawal Options	Bank transfer Credit/debit cards e-wallets (Skrill Neteller, etc.)
📊Trading Platforms	MetaTrader 4 MetaTrader 5 FXTM Trader App
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Forex calculators VPS Trading signals Market analysis tools
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@fxtm.com
☎️Customer Support Contact Number	+44 203 734 1098
📱Social Media Platforms	Facebook Twitter Instagram LinkedIn YouTube
⚙️Languages Supported on Website	16+
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles tutorials eBooks Video tutorials
🤝Affiliate Program	✅Yes
👤Amount of Partners	Over 1,000
🫰🏻IB Program	✅Yes
🎁Sponsorships	No notable current sponsorships
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes (Cent Account)
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Excellent Customer Service	High Stock CFD Fees
Great Educational Tools	Inactivity Fee
No Deposit Fee	No Price Alert

 

Is FXTM regulated?

Yes, FXTM is regulated by several financial authorities, including the Financial Services Commission (FSC) of Mauritius and the Cyprus Securities and Exchange Commission (CySEC).

 

Does FXTM offer a demo account?

Yes, FXTM provides a demo account that allows traders to practice trading with virtual funds before trading with real money.

 

What leverage does FXTM offer?

FXTM offers leverage up to 1:1000, depending on the account type and regulatory jurisdiction.

 

Are there any fees for deposits and withdrawals?

FXTM may charge fees on certain deposit and withdrawal methods, depending on the payment provider and account type.

 

 

Our Verdict

With user-friendly trading platforms and accessible customer support, FXTM provides a comprehensive trading environment that caters to diverse trading needs.

 

 

10. Octa

Octa is the Best Globally Regulated Forex Broker for Social Trading. Octa is very competitive in terms of its trading fees, with low spreads rounding off its offerings.

 

🔍Broker	🥇OctaFX
🔢Year Founded	2011
👤Amount of Staff	300+
👥Amount of Active Traders	Over 1.5 million
📌Publicly Traded	None
📈Regulation	Unregulated
🌎Country of Regulation	N/A
🗂️Account Segregation	✅Yes
❌Negative Balance Protection	✅Yes
💙Investor Protection Schemes	None
➡️Institutional Accounts	None
🫴🏻Managed Accounts	None
💴Minor Account Currencies	EUR USD
💵Minimum Deposit	$25
⏰Average Deposit/Withdrawal Processing Time	Within 1-3 hours
💳Fund Withdrawal Fee	No fees
✏️Spreads from	0.6 pips
💶Commissions	Zero commissions
2️⃣Number of Base Currencies Supported	2 (USD, EUR)
💷Swap Fees	✅Yes
⬆️Leverage	Up to 1:500
📉Margin Requirements	Varies by account type and leverage
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	0.1 seconds
🖥️VPS Hosting	✅Yes (free upon meeting conditions)
➡️CFDs-Total Offered	200+
📈CFD Stock Indices	✅Yes
👉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💴Deposit Options	Bank Transfer Credit/Debit Card E-Wallets Crypto
💳Withdrawal Options	Bank Transfer Credit/Debit Card E-Wallets Crypto
📊Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5) OctaFX WebTrader
🍎OS Compatibility	Windows MacOS Android iOS
🔩Forex Trading Tools	Economic Calendar Trading Calculators CopyTrading
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@octafx.com
☎️Customer Support Contact Number	Not publicly listed
📱Social Media Platforms	Facebook Twitter Instagram YouTube
⚙️Languages Supported on Website	English Spanish Portuguese Indonesian Hindi Urdu Chinese, and more
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
🖥️Webinars	✅Yes
📖Educational Resources	Articles Video Tutorials Market Analysis
🤝Affiliate Program	✅Yes
👤Amount of Partners	Not disclosed
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes, sponsored motorsports and esports events
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Competitive Spreads	Limited Cryptocurrency Options
Diverse Trading Platforms	Potential for Wider Spreads During High Volatility
Variety of Account Types	High Leverage Risks
Forex and CFDs offered	Some account types may incur fees on withdrawals
Regulated by Multiple Authorities	May offer fewer advanced research tools when Compared

 

Frequently Asked Questions

 

Does Octa offer a demo account?

Yes, Octa provides a demo account that allows traders to practice trading with virtual funds and familiarize themselves with the platform before using real money.

 

What leverage does Octa offer?

Octa offers leverage up to 1:500, depending on the account type and regulatory jurisdiction.

 

What are the spreads like at Octa?

Octa offers competitive spreads, which can start from as low as 0.0 pips on certain account types.

 

What trading platforms does Octa support?

Octa supports popular trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its own Octa Trading App.

 

 

Our Verdict

Octa is a regulated forex broker that offers a variety of trading options, including competitive spreads, leverage up to 1:500, and access to cryptocurrencies. It provides a user-friendly platform suitable for both beginners and experienced traders, along with a demo account for practice.

 

 

Is Forex Trading Legal in Germany?

 

 

Conclusion

Now it is your turn to participate:

 

• Which German broker from this list do you intend to test out?
• What was the determining factor in your decision to engage with a certain broker?
• Was it because of the EUR (€) minimum deposit or the Pros and Cons?

 

Regardless, please share your thoughts in the comments below.

 

You Might also Like:

 

• Best Forex Brokers in Philippines
• Best Forex Brokers in Denmark
• Best Forex Brokers in Malaysia
• Best Forex Brokers in Indonesia

 

Frequently Asked Questions

 

What leverage does XM offer?

XM offers leverage up to 1:1000, depending on the account type and regulatory jurisdiction.

 

Does AvaTrade offer customer support?

Yes, AvaTrade offers customer support via live chat, phone, and email, with multilingual support available.

 

Does HFM offer bonuses?

Yes, HFM frequently offers various bonuses and promotions, such as deposit bonuses and trading contests.

 

Does eToro provide educational resources?

Yes, eToro offers a range of educational materials, including tutorials, webinars, and guides for traders of all levels.

 

What leverage does XTB offer?

XTB offers leverage up to 1:30 for retail clients, depending on the asset class and regulatory jurisdiction.

 

Does IG offer a demo account?

Yes, IG provides a demo account that allows users to practice trading with virtual funds.

 

What customer support options are available at CMC Markets?

CMC Markets offers customer support through live chat, email, and phone support.

 

Does FBS charge commissions?

FBS does not charge commissions on most account types, but ECN accounts may have commission fees based on trading volume.

 

Is FXTM suitable for beginners?

Yes, FXTM provides user-friendly platforms, demo accounts, and educational resources, making it suitable for beginners.

 

Does OctaFX charge commissions?

OctaFX does not charge commissions on trades for most account types, but spreads may vary.

 

Is forex trading legal in Germany?

Yes.  Forex Trading is 100% legal in Germany.

 

Who is the most used forex broker in Germany?

According to research, AvaTrade is the most popular broker choice in Germany.

 

How many forex traders are currently active in Germany?

The rough estimate is approximately 150,000 active German traders per month.

 

Who regulates Forex Trading in Germany?

Forex trading in Germany falls under the regulatory authority of the Federal Financial Supervisory Authority (BaFin).

 

Will trading on the Foreign Exchange Market in Germany be Taxed?

Yes, German Forex traders are subject to a capital gain tax of 25% in addition to a solidarity surcharge rate of 5.5%.

 

Who are the Best German Forex Traders to follow on Instagram?

Willem Weise or “willem.trading” is a German Trader, Entrepreneur, and, founder of @PrimeTrading.