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10 Best Forex Brokers in Germany

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 GermanyIn 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 Here5 USD4.47 EUR
🥈AvaTrade👉 Click Here100 USD89.49 EUR
🥉HFM👉 Click Here100 USD89.49 EUR
🏅eToro👉 Click Here50 USD44.74 EUR
🏆XTB👉 Click Here0 USD0 EUR
🎖️IG👉 Click Here0 USD0 EUR
🥇CMC Markets👉 Click Here0 USD0 EUR
🥈FBS👉 Click Here5 USD4.47 EUR
🥉FXTM👉 Click Here200 USD178.98 EUR
🏆Octa👉 Click Here25 USD22.37 EUR

 

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.6/5

FSC, CMA

MT4, MT5, FXTM Trader

USD 200

2000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 200

2000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 200

1:1000

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

Yes

9

4.9/5

ASIC, CySEC

MT4

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 200

1:1000

9

USD 100

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 200

1:1000

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 200

1:1000

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

Yes

9

4.9/5

ASIC, CySEC

MT4

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 200

1:1000

9

USD 100

1:500

10

USD 100

500:1

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

 

XM Review

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 Founded2009
👤Amount of Staff600+
👥Amount of Active Traders5,000,000+
📌Publicly Traded None
📈RegulationCySEC (Cyprus)
ASIC (Australia)
IFSC (Belize)
FCA (UK)
🌎Country of RegulationCyprus
Australia
Belize
UK
🗂️Account Segregation✅Yes
➡️Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes,
up to
€20,000
under CySEC
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesUSD
EUR
GBP
JPY
CHF
AUD
HUF
PLN
💵Minimum Deposit$5
⏰Average Deposit/Withdrawal Processing TimeWithin 24 hours
💷Fund Withdrawal FeeNone, but
third-party
fees may
apply
✏️Spreads 0.6 pips
💶CommissionsZero on
Standard and
Micro accounts
commission
on Zero
accounts
🔢Number of Base Currencies Supported11
💸Swap Fees✅Yes
⬆️LeverageUp to 1:1000
📉Margin RequirementsVaries 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 Offered1,000+
📈CFD Stock Indices30+
➡️CFD Commodities15+
📊CFD Shares1,200+
💳Deposit OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
💴Withdrawal OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
💡Trading PlatformsMetaTrader 4
MetaTrader 5
XM WebTrader
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAutochartist
Trading Signals
VPS
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@xm.com
☎️Customer Support Contact Number+357 25029933
📱Social Media PlatformsFacebook
Twitter
LinkedIn
Instagram
YouTube
⚙️Languages Supported on Website30+ languages
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
Video Tutorials
Market Analysis
🤝Affiliate Program✅Yes
👥Amount of PartnersNot 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

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC

Trading Platform

MT4, MT5, XM App

Total Pairs

55

Islamic Account

Yes

Trading Fees

No hidden fees

Account Activation

24 Hours

 

Pros and Cons

✅ Pros❌ Cons
Low stock CFD and withdrawal feesLimited 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.

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC

Trading Platform

MT4, MT5, XM App

Total Pairs

55

Islamic Account

Yes

Trading Fees

No hidden fees

Account Activation

24 Hours

 

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.

 

AvaTrade Review

 

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 Founded2006
👤Amount of staff200+
👥Amount of active tradersOver 300,000
📌Publicly Traded None
📈RegulationCentral 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 regulationIreland
Australia
Japan
UAE
South Africa
British Virgin Islands
🗂️Account Segregation✅Yes
🌟Negative balance protection✅Yes
💙Investor Protection SchemesCompensation scheme
for eligible
clients under
certain
jurisdictions
➡️Institutional Accounts✅Yes
🫴🏻Managed AccountsNone
💴Minor account currenciesUSD
EUR
GBP
AUD
JPY
CHF
ZAR, and more
💵Minimum Deposit$100
⏰Average deposit/withdrawal processing timeDeposits: Instant
Withdrawals: 1-3
business days
💳Fund Withdrawal FeeNo fees on
most payment
methods,
but some
charges may
apply depending
on the
method used
✏️Spreads from0.9 pips (EUR/USD)
💷CommissionsNo commissions
on most
trades; spreads
apply
🔟Number of base currencies supported10+
💶Swap Fees✅Yes
Swap-free
accounts available
for
Islamic traders
⬆️LeverageUp to 1:400
depending on
jurisdiction
📉Margin requirementsVaries based
on asset and
leverage used
☪️Islamic account (swap-free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeFast execution
generally
less than 1 second
🖥️VPS Hosting✅Yes
for qualifying
accounts
👉CFDs-Total Offered1000+
📈CFD Stock Indices30+
📉CFD Commodities20+
📊CFD Shares600+
💵Deposit OptionsCredit/Debit Card
Bank Transfer
PayPal
Skrill
Neteller
WebMoney, and more
💳Withdrawal OptionsCredit/Debit Card
Bank Transfer
PayPal
Skrill
Neteller
WebMoney, and more
📊Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
AvaTradeGO
WebTrader
AvaOptions
🍎OS CompatibilityWindows
MacOS
iOS
Android
🔩Forex trading toolsAutochartist
Trading Central
Economic Calendar
AvaProtect, and more
🫴🏻Customer Support✅Yes
🗣️Live chat availability✅Yes
💻Customer Support Email addresssupport@avatrade.com
☎️Customer Support Contact NumberVaries by region
accessible through
the website
📱Social media PlatformsFacebook
Twitter
LinkedIn
YouTube
⚙️Languages supported on FBS WebsiteMultiple languages including
English
Spanish
French
Italian
Arabic, and more
🎓Education and Research✅Yes
✏️Forex course✅Yes (AvaAcademy)
💻Webinars✅Yes
📖Educational ResourceseBooks
Videos
Tutorials
Blog
Market Analysis
🤝Affiliate program✅Yes
👥Amount of partnersThousands globally
🫰🏻IB Program✅Yes
🎁Sponsorships✅Yes
Various sponsorships
including the
Manchester City
Football Club)
🎀Rebate program✅Yes
💰Cent or Micro AccountsNone
Offers Standard
and Professional
Accounts
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 100 

Regulators

ASIC, FSA, CBI,  BVI, FSCA, FRSA, ISA

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅ Pros❌ Cons
Fee Free DepositLimit Offers
Low Trading FeesInactivity Fee
User FriendlyAdministration 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.

 

Overall Rating

Min Deposit

USD 100 

Regulators

ASIC, FSA, CBI,  BVI, FSCA, FRSA, ISA

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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.

 

HFM Review

 

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 Founded2010
👤Amount of Staff200+
👥Amount of Active Traders2.5 million+
📌Publicly Traded None
📈RegulationFSCA
DFSA
FSA
FCA
FSC
CMA
🌎Country of RegulationUK
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 CurrenciesUSD
EUR
GBP
JPY
AUD
ZAR
💶Minimum Deposit0 USD
⏱️Average Deposit/Withdrawal Processing Time1 - 3 business days
💴Fund Withdrawal FeeNone,
but third-party
fees
may apply
✏️Spreads 0.0 pips
💷CommissionsFrom $6 per
lot
(round turn)
🔢Number of Base Currencies Supported12
💵Swap Fees✅Yes
⬆️LeverageUp to 1:1000
📉Margin RequirementsVaries by instrument
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time< 30ms
🖥️VPS Hosting✅Yes
📈CFDs - Total Offered1,200+
📊CFD Stock Indices20+
✏️CFD Commodities20+
👉CFD Shares950+
💳Deposit OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
Local Payment Methods
💴Withdrawal OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
Local Payment Methods
📊Trading PlatformsMetaTrader 4
MetaTrader 5
HF App
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAutochartist
Trading Central
VPS
HFcopy
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@hfm.com
☎️Customer Support Contact Number+44 203 097 5796
📱Social Media PlatformsFacebook
Twitter
Instagram
LinkedIn
YouTube
⚙️Languages Supported on WebsiteMultiple
languages,
including English,
Chinese, Spanish,
Arabic
🎓Education and Research✅Yes
✏️Forex Course✅Yes
🖥️Webinars✅Yes
📖Educational ResourcesArticles
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

 

Overall Rating

Min Deposit

USD 0 

Regulators

FSCA, DFSA, FCA, CMA, FSA

Trading Platform

MT4, MT5, HFM APP

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅ Pros❌ Cons
Regulated by Multiple AuthoritiesLimited to Non-Listed
Variety of Account TypesInconsistent Fees
High Leverage OptionsLimited Research Tools
Competitive SpreadsHigh Spreads on Some Accounts
Low Minimum DepositVaried Trading Conditions
Educational Resources AvailableFee 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.

 

Overall Rating

Min Deposit

USD 0 

Regulators

FSCA, DFSA, FCA, CMA, FSA

Trading Platform

MT4, MT5, HFM APP

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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.

 

eToro Review

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 Founded2007
👤Amount of Staff1,000+
👥Amount of Active Traders30+ million
📌Publicly Traded None
📉RegulationCySec (Cyprus)
FCA (UK).
🌎Country of RegulationUK
Cyprus
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes
(for European
clients under
CySEC
regulation)
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesUSD
EUR
GBP
AUD
💵Minimum Deposit$10
(varies by
region and
payment
method)
⏰Average Deposit/Withdrawal Processing TimeInstant for
deposits;
1-8 business
days for
withdrawals
💳Fund Withdrawal Fee$5
✏️Spreads from1 pip
💶CommissionsZero commission
for stocks,
spreads on
CFDs
9️⃣Number of Base Currencies Supported9
USD
EUR
GBP
AUD
CAD
JPY
CHF
NZD
and more
💷Swap Fees✅Yes
(overnight fees)
⬆️LeverageUp to 1:30
(varies by
instrument
and region)
📉Margin RequirementsDepends on asset class
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeMarket execution
🖥️VPS HostingNone
👉CFDs-Total Offered2,000+
📈CFD Stock Indices✅Yes
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💶Deposit OptionsBank transfer
Credit/debit card
PayPal
Neteller
Skrill, and more
💳Withdrawal OptionsBank transfer
Credit/debit card
PayPal
Neteller
Skrill, and more
📊Trading PlatformsProprietary eToro
Platform
(Web and
Mobile)
🍎OS CompatibilityWindows
Mac
iOS
Android
🔩Forex Trading ToolsCopyTrader
ProCharts
Trading Signals
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email AddressOnline contact form
☎️Customer Support Contact NumberN/A
📱Social Media PlatformsFacebook
Twitter
LinkedIn
YouTube
⚙️Languages Supported on eToro Website20+ languages
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesBlogs
Tutorials
Guides
Videos
🤝Affiliate Program✅Yes
👥Amount of PartnersN/A
🫰🏻IB ProgramNone
🎁Sponsorships✅Yes,
various sports
and events
🎀Rebate ProgramNone
💰Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN

Trading Platform

No Trading Desk

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

Pros and Cons

✅Pros❌Cons
Used by 6,000,000+ tradersDoesn’t allow scalping
Established in 2006Inactivity Fee
Regulated by FCA, CySEC, and ASICLimited 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.

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN

Trading Platform

No Trading Desk

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

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.

 

XTB Review

 

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 Founded2002
👤Amount of Staff1,000+ employees
👥Amount of Active TradersOver 495,000
📌Publicly Traded ✅Yes,
listed on
the Warsaw
Stock
Exchange
📉RegulationFCA (UK)
CySEC (Cyprus)
KNF (Poland)
IFSC (Belize)
🌎Country of RegulationUK
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 AccountsNone
💴Minor Account CurrenciesUSD
EUR
GBP
PLN
💵Minimum Deposit$0 for
standard accounts
⏰Average Deposit/Withdrawal Processing TimeDeposits: Instant
to 1 business day
Withdrawals: 1-3
business days
💳Fund Withdrawal FeeNo fees for bank
transfers
above a
certain amount
otherwise,
charges may
apply
✏️Spreads from0.1 pips
💷CommissionsCommissions
apply for
certain
account types
and assets
(e.g., stocks,
ETFs)
4️⃣Number of Base Currencies Supported4
USD
EUR
GBP
PLN
💸Swap Fees✅Yes
depends on
instrument and
account type
⬆️LeverageUp to 1:500
(depending on
jurisdiction
and asset)
📉Margin RequirementsVariable,
depending on
asset and
leverage
☪️Islamic Account (swap-free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeAverage 85
milliseconds
🖥️VPS HostingNone
👉CFDs-Total OfferedOver 2,000 CFDs
📈CFD Stock Indices35+
📉CFD Commodities20+
📊CFD SharesOver 1,800
💶Deposit OptionsBank transfer
Credit/Debit card
Skrill
Neteller
PayPal
💳Withdrawal OptionsBank transfer
Credit/Debit card
Skrill
Neteller
PayPal
📊Trading PlatformsxStation 5
xStation Mobile
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAdvanced charting tools,
economic calendar
sentiment indicators
trading calculators
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@xtb.com
☎️Customer Support Contact NumberVaries by region
(UK: +44 203 695 3086)
📱Social Media PlatformsFacebook
Twitter
LinkedIn
YouTube
⚙️Languages Supported on WebsiteMultiple languages
including
English
Spanish
French
German
Polish
🎓Education Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
tutorials
videos
eBooks
🤝Affiliate Program✅Yes
👥Amount of PartnersNot publicly disclosed
🫰🏻IB Program✅Yes
🎁SponsorshipsNot currently
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
micro-lot
trading available
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, IFSC, KNF

Trading Platform

MT4, xStation

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Lowest FX spreadsDoes not accept U.S. clients
Regulated by FCA (U.K.)Non-FX spread costs are high
Offers protection for client accountsNo 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).

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, IFSC, KNF

Trading Platform

MT4, xStation

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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.

 

IG Review

 

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 Founded1974
👤Amount of staffApproximately 2,000+
👥Amount of active tradersOver 239,000
📌Publicly Traded ✅Yes,
listed on the
London Stock Exchange
(LSE: IGG)
📉RegulationFCA (UK)
ASIC (Australia)
CFTC (US)
NFA (US)
MAS (Singapore)
FMA (New Zealand)
JFSA (Japan)
FINMA (Switzerland), and others
🌎Country of regulationUnited Kingdom
Australia
United States
Singapore
New Zealand
Japan
Switzerland, and more
🗂️Account Segregation✅Yes
🌟Negative balance protection✅Yes
💙Investor Protection SchemesFSCS (UK) - up to £85,000
➡️Institutional Accounts✅Yes
🫴🏻Managed AccountsNone
💴Minor account currenciesUSD
EUR
GBP
AUD, and others
💵Minimum Deposit£250
(or equivalent in
other currencies)
⏰Average deposit/withdrawal processing timeDeposits: Instant
Withdrawals: 1-5
business days
💳Fund Withdrawal FeeNone
✏️Spreads from0.6 pips for
major currency
pairs
💷CommissionsZero commissions on Forex;
Commissions may
apply to shares trading
6️⃣Number of base currencies supported6+
USD
EUR
GBP
AUD
SGD
and others
💶Swap Fees✅Yes, swap fees apply
⬆️LeverageUp to 1:30 (retail clients)
Up to 1:200 (professional clients
depending on regulation)
📉Margin requirementsVaries by asset
class and
account type
☪️Islamic account (swap-free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution TimeAverage execution
speed is less
than 0.1 seconds
🖥️VPS HostingYes (third-party
services available)
👉CFDs-Total OfferedOver 17,000 instruments
📈CFD Stock Indices✅Yes
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💶Deposit OptionsBank transfer
Credit/debit card
PayPal
Skrill
💳Withdrawal OptionsBank transfer
Credit/debit card
PayPal
📊Trading PlatformsMetaTrader 4 (MT4)
L2 Dealer
ProRealTime
IG Web Platform
IG Mobile Apps
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex trading toolsAutochartist
Trading Central
Economic Calendar
Risk Management Tools
🫴🏻Customer Support✅Yes
🗣️Live chat availability✅Yes
💻Customer Support Email addresshelpdesk@ig.com
☎️Customer Support Contact NumberVaries by country
📱Social media PlatformsFacebook
Twitter
LinkedIn
YouTube
⚙️Languages supported on IG Website12+ languages
including English
Spanish
French
German, and Chinese
🎓Education and Research✅Yes
✏️Forex course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
videos
tutorials
eBooks
seminars
🤝Affiliate program✅Yes
👥Amount of partnersNot specified
🫰🏻IB Program✅Yes
🎁Sponsorships✅Yes,
they have
partnerships with
various
organizations,
including sporting events.
🎀Rebate programNone
💰Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF

Trading Platform

MT4

Crypto

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅ Pros❌ Cons
Excellent Web-Trading PlatformHigh Fees
Educational ToolsLimited Product Portfolio
Great deposit and withdrawal optionsLacking 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.

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF

Trading Platform

MT4

Crypto

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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.

 

CMC Markets Review

 

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 Founded1989
👤Amount of StaffOver 1,000
👥Amount of Active TradersOver 80,000
📌Publicly Traded ✅Yes
📉RegulationFCA (UK)
🌎Country of RegulationUK
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection SchemesFSCS (UK)
and ASIC's
Investor
Compensation
Scheme
➡️Institutional Accounts✅Yes
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesVarious
💵Minimum Deposit£0
⏰Average Deposit/Withdrawal Processing TimeTypically 1-2
business days
💳Fund Withdrawal FeeNo fee
for standard
withdrawals
✏️Spreads From0.7 pips (variable)
💷CommissionsNo commission
on trades,
but spreads
apply
🔟Number of Base Currencies SupportedOver 10
✏️Swap Fees✅Yes,
applicable
depending on
position
⬆️LeverageUp to 1:500
📈Margin RequirementsVaries by
instrument
and leverage
☪️Islamic Account (Swap-Free)None
🆓Demo Account✅Yes
⏱️Order Execution TimeFast, typically
within
milliseconds
🖥️VPS HostingNot offered
👉CFDs - Total OfferedOver 10,000
📈CFD Stock Indices✅Yes
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💷Deposit OptionsBank transfer
credit/debit card
e-wallets
💳Withdrawal OptionsBank transfer
credit/debit card
e-wallets
📊Trading PlatformsNext Generation
Trading
Platform (web)
MT4
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAdvanced
charting,
news feed,
analysis tools
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@cmcmarkets.com
☎️Customer Support Contact Number+44 (0)20 7170 8200
📱Social Media PlatformsFacebook,
Twitter,
LinkedIn
⚙️Languages Supported on CMC Markets WebsiteEnglish, and others
🎓Education and Research✅Yes
✏️Forex Course✅Yes, vi
webinars
and
educational
materials
💻Webinars✅Yes
📖Educational ResourcesArticles
tutorials,
trading guides
🤝Affiliate Program✅Yes
👥Amount of PartnersMultiple
partners
globally
🫰🏻IB Program✅Yes
🎁Sponsorships✅Yes,
including sports
events
🎀Rebate ProgramNot available
💰Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, IIROC, ASIC, FMA, MAS

Trading Platform

MT4

Crypto

Yes

Total Pairs

158

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅ Pros❌ Cons
Low forex feesHigh stock CFD fees
Great mobile platformsOnly CFDs available
Advanced research toolsCustomer 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.

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, IIROC, ASIC, FMA, MAS

Trading Platform

MT4

Crypto

Yes

Total Pairs

158

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

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.

 

review FBS

 

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 Founded2009
👤Amount of Staff300+
👥Amount of Active TradersOver 17 million
📌Publicly Traded None
📈RegulationFSC
CySEC
ASIC
🌎Country of RegulationBelize
Cyprus
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes,
under CySEC
regulations
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesUSD
EUR
JPY
GBP, and more
💵Minimum Deposit$1
⏰Average Deposit/Withdrawal TimeInstant to
48 hours
💳Fund Withdrawal FeeNo fees
for most
methods
✏️Spreads from0.0 pips
💷CommissionsFrom $0 to
$20 per
lot,
depending
on
account
type
5️⃣Number of Base Currencies5+
💶Swap FeesApplicable on
most
accounts
except for
Islamic
accounts
⬆️LeverageUp to 1:3000
📉Margin RequirementsDepends on
leverage
and
account
type
☪️Islamic Account (Swap-free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeFrom 0.3 seconds
🖥️VPS Hosting✅Yes
🫴🏻CFDs-Total Offered200+
👉CFD Stock Indices✅Yes
📈CFD Commodities✅Yes
📊CFD Shares✅Yes
💴Deposit OptionsBank transfer
Credit/debit cards
e-wallets (Neteller,
Skrill, etc.)
local payment
systems
💳Withdrawal OptionsBank transfer
Credit/debit cards
e-wallets
(Neteller, Skrill, etc.)
local payment
systems
↪️Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
FBS Trader App
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsEconomic calendar
Forex calculators
Market analysis
VPS
Trading signals
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes, 24/7
💻Customer Support Email Addresssupport@fbs.com
☎️Customer Support Contact NumberCallback Option
📱Social Media PlatformsFacebook
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 ResourcesArticles
videos
eBooks
webinars
tutorials
🤝Affiliate Program✅Yes
👥Amount of Partners450,000+
🫰🏻IB Program✅Yes
🎁SponsorshipsNo significant
sponsorships
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, ASIC, CySEC

Trading Platform

MT4, MT5, FBS App

Crypto

Yes

Total Pairs

550+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅ Pros❌ Cons
Low Minimum DepositLimited Investor Protection
High LeverageFees on Some Services
Multiple Trading PlatformsVariable Spread Costs
Demo AccountsHigh 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.

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, ASIC, CySEC

Trading Platform

MT4, MT5, FBS App

Crypto

Yes

Total Pairs

550+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

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

 

FXTM Review

 

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 Founded2011
👤Amount of StaffOver 800
👥Amount of Active TradersOver 4 million
📌Publicly Traded None
📈RegulationFCA
CySEC
FSC
🌎Country of RegulationUK
Cyprus
South Africa
Mauritius
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes
(varies by
regulatory
entity)
➡️Institutional Accounts✅Yes
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesUSD
EUR
GBP
NGN
💵Minimum Deposit$10 for Cent Accounts
⏰Average Deposit/Withdrawal Processing TimeInstant - 24 hours
💳Fund Withdrawal FeeNone
(but third-party
fees may
apply)
✏️Spreads from0.0 pips
💶Commissions$0 - $4 per lot
depending on
account type
4️⃣Number of Base Currencies Supported4
💷Swap Fees✅Yes
⬆️LeverageUp to 1:2000
📉Margin RequirementsBased on leverage
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time0.05 seconds (Average)
🖥️VPS Hosting✅Yes
(Free with
conditions)
📈CFDs-Total OfferedOver 250
👉CFD Stock Indices✅Yes
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💴Deposit OptionsBank transfer
Credit/debit cards
e-wallets
(Skrill
Neteller, etc.)
💳Withdrawal OptionsBank transfer
Credit/debit cards
e-wallets
(Skrill
Neteller, etc.)
📊Trading PlatformsMetaTrader 4
MetaTrader 5
FXTM Trader App
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsForex calculators
VPS
Trading signals
Market analysis tools
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@fxtm.com
☎️Customer Support Contact Number+44 203 734 1098
📱Social Media PlatformsFacebook
Twitter
Instagram
LinkedIn
YouTube
⚙️Languages Supported on Website16+
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
tutorials
eBooks
Video tutorials
🤝Affiliate Program✅Yes
👤Amount of PartnersOver 1,000
🫰🏻IB Program✅Yes
🎁SponsorshipsNo notable
current
sponsorships
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
(Cent Account)
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 200

Regulators

FSC, CMA, CMA, SCA

Trading Platform

MT4, MT5, FXTM App

Crypto

Yes

Total Pairs

63+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅ Pros❌ Cons
Excellent Customer ServiceHigh Stock CFD Fees
Great Educational ToolsInactivity Fee
No Deposit FeeNo 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.

 

Overall Rating

Min Deposit

USD 200

Regulators

FSC, CMA, CMA, SCA

Trading Platform

MT4, MT5, FXTM App

Crypto

Yes

Total Pairs

63+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

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

 

OctaFX Review

 

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 Founded2011
👤Amount of Staff300+
👥Amount of Active TradersOver 1.5 million
📌Publicly Traded None
📈RegulationUnregulated
🌎Country of RegulationN/A
🗂️Account Segregation✅Yes
❌Negative Balance Protection✅Yes
💙Investor Protection SchemesNone
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesEUR
USD
💵Minimum Deposit$25
⏰Average Deposit/Withdrawal Processing TimeWithin 1-3 hours
💳Fund Withdrawal FeeNo fees
✏️Spreads from0.6 pips
💶CommissionsZero commissions
2️⃣Number of Base Currencies Supported2 (USD, EUR)
💷Swap Fees✅Yes
⬆️LeverageUp to 1:500
📉Margin RequirementsVaries by
account type
and leverage
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution Time0.1 seconds
🖥️VPS Hosting✅Yes (free
upon
meeting
conditions)
➡️CFDs-Total Offered200+
📈CFD Stock Indices✅Yes
👉CFD Commodities✅Yes
📊CFD Shares✅Yes
💴Deposit OptionsBank Transfer
Credit/Debit Card
E-Wallets
Crypto
💳Withdrawal OptionsBank Transfer
Credit/Debit Card
E-Wallets
Crypto
📊Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
OctaFX WebTrader
🍎OS CompatibilityWindows
MacOS
Android
iOS
🔩Forex Trading ToolsEconomic Calendar
Trading Calculators
CopyTrading
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@octafx.com
☎️Customer Support Contact NumberNot publicly listed
📱Social Media PlatformsFacebook
Twitter
Instagram
YouTube
⚙️Languages Supported on WebsiteEnglish
Spanish
Portuguese
Indonesian
Hindi
Urdu
Chinese, and more
🎓Education and Research✅Yes
✏️Forex Course✅Yes
🖥️Webinars✅Yes
📖Educational ResourcesArticles
Video Tutorials
Market Analysis
🤝Affiliate Program✅Yes
👤Amount of PartnersNot disclosed
🫰🏻IB Program✅Yes
🎁Sponsorships✅Yes,
sponsored
motorsports
and esports
events
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA, FSC

Trading Platform

MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

Pros and Cons

✅ Pros❌ Cons
Competitive SpreadsLimited
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.

 

Overall Rating

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA, FSC

Trading Platform

MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

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?

 

Is Forex Trading Legal in Germany?

Yes, forex trading is legal in Germany. The German financial market is well-regulated, primarily by the Federal Financial Supervisory Authority (BaFin), which oversees forex brokers and trading activities to ensure compliance with financial laws and protect traders.

 

10 Best Forex Brokers 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:

 

 

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.

Author Details

Picture of Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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