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Top 3 Forex Brokers in Germany 2023 – Regulations, Fees, Forex Pairs.

top forex brokers germany

Whenever we choose to trade with any broker the first thing that should be under consideration is its Regulation.

In Germany, Forex brokers are regulated by the Federal Financial Supervisory Authority which is locally known as BaFin (Bundesanstalt fur Finanzdienstleistungsaufsicht). This regulatory body is supervised by MiFID (Markets in Financial Instruments Directive) which is a directive of the EU that helps to maintain a Financial Code of Conduct to all European countries.

There are a lot of local Forex brokers in Germany who is unregulated in the market. So traders should be careful in choosing the right and regulated broker to safeguard their hard-earned money.

Here, tradingcritique.com lists the Top 3 Forex Brokers in Germany considering many important factors like Regulations, Trading platforms, User interface, Commissions, Customer service and User reviews.

This ranking has been prepared by tradingcritique.com after in-depth research on most of the brokers accepting traders from Germany. All the below-listed broker platforms follow BaFin or MiFID or CySEC (Cyprus Securities and Exchange Commission) regulations properly and much liked by the traders due to their many efficient factors.

1. Flatex

Flatex-Top-Forex-Brokers-Germany

 

Website linkFlatex Germany
RegulationsBaFin
Minimum Deposit€0
Forex Pairs71 Currency Pairs
Trading PlatformsWebfiliale, Flatex-next, Flatex-trader 2.0, Social trading (Wikifolio)
FeesCommission and Financing Rate
Guaranteed Negative ProtectionYes (only for retail traders)
Guaranteed Stop LossNo
Demo AccountYes with €10000
Deposit MethodBank Transfer
Monthly visitors from Germany1.9 Million (95.46% from total visitors)

Flatexdegiro AG is a German-based financial company involved in online trading and banking services. The company was founded in 1999 as Pre-IPO AG and later in 2006 they have entered the market as an online broker in the name Flatex.

Flatex offers two types of Accounts, Forex and CFD. Forex accounts are for trading currency pairs while CFD accounts are for trading CFDs (Contract For Difference), Stocks, ETFs, Funds, and Bonds. It also offers considerable services to its traders like free real-time rates, additional trading software, and free training programs in the form of training videos and online seminars.

Flatex has 10 locations in Germany (Andernach, Berlin, Dusseldorf, Hamburg, Kulmbach, Leipzig, Leverkusen, Neuss, Willich, Zwickau) one in Austria (Vienna), one in Bulgaria (Sofia) and one in Netherlands (Amsterdem).  It is also listed in Frankfurt Stock Exchange.

2. Capital.com

Capital.com-Top-Forex-Brokers-Germany
Website link capital.com Germany
Regulations MiFIDFCA, and CySEC
Minimum Deposit €20(Except Bank Transfer)
Forex Pairs 138 Currency Pairs
Trading Platforms MT4, Web platform, Automated trading
Fees Spread, Overnight fees
Guaranteed Negative Protection Yes
Guaranteed Stop Loss No
Demo Account Yes
Deposit Method Visa, Master Card, Sofort, iDeal, Giropay, Multibanko, Przelewy24, QIWI, Webmoney, Apple Pay, Trustly, 2c2p, Bank Transfer.
Monthly visitors from Germany 499.7K (7.76% from total visitors)

Capital.com formally known as Capital com SV Investments Ltd is a leading online trading and investment platform launched in 2016.  It was launched after receiving $25 million through one round of Series A funding.

Investors’ funds are segregated and spread across several outstanding banks (Royal Bank of Scotland, Raffeissen and Eurobank).

Capital.com offers their traders’ the world’s first AI-Powered trading platform known as the SmartFeed. It analyzes user activity and user behavior to find out trading biases. This platform also offers useful educational content to their clients.

Capital.com offers three types of accounts with Commission-free trading, namely, Standard, Plus, and Premier. Each account has a different type of leverage, minimum deposit and educational tools. It also offers a Pro trading account only for Professional traders.

Capital.com accept clients across the world and have 4 office locations in London, Limassol, Gibraltar and Belarus.

3. Libertex

Libertex-Top-Forex-Brokers-Germany

 

Website linkLibertex Germany
RegulationsCySEC
Minimum Deposit€100
Forex Pairs53 Currency Pairs
Trading PlatformsMT4, MT5, Proprietary trading platform.
FeesSpread, Rollover fees, Withdrawal fees, Inactivity fees
Guaranteed Negative ProtectionYes
Guaranteed Stop LossNo
Demo AccountYes with €50000 virtual money
Deposit MethodVisa, Master Card, e-Wallets, Bank Transfer.
Monthly visitors from Germany450.53K (22.37% from total visitors)

Libertex is one of the brands operated under a company called Forex Club which was founded in 1997 to participate in the Forex retail market. But the libertex trading platform was launched only in the year 2015. Libertex segregates the clients’ funds and holds them separately which is protected by CySEC legislation.

Libertex provides Real and Demo accounts. The Real account is separated into five different statuses like Gold status, Gold Plus status, Platinum status, VIP and VIP+ status based on the deposit. Each account has different types of leverage, commission discount, withdrawal priority and premier customer support.

Libertex also offers Professional account type for Professional traders which has high leverage and less restrictions compared to retail traders. Professional account holders does not have protection like Extended risk disclosures, Compensation from Investor Compensation Fund (ICF) and Financial Ombudsman Dispute Resolution. These features are available for normal Retail traders.

Libertex have their office in Cyprus and their Customer Support is available in 11 different languages.

To Sum Up, the Top 3 Forex Brokers in Germany this 2023 are,

Rank 1 Flatex
Rank 2 Capital.com
Rank 3 Libertex

One Final Conclusion

The expert research team of tradingcritique.com lists the Top 3 Forex brokers in Germany based on their features, regulations and mainly user reviews. The broker platforms listed here are the best Forex brokers in Germany according to our research team. Choosing the right broker is the most important thing, so think wisely and choose the broker according to your trading needs.

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