We’ve spent more than 150 hours of testing and researched more than 184 thousand reviews to create a complete trading guide of the best forex trading platforms in Germany.
In This Guide
Our List of the Best Forex Trading Platforms in Germany
- Best Forex Broker: Forex.com
- Great Broker for No Commissions Trading : Plus500
- Best Free Forex Trading Platform: Forex.com
- Best Forex Trading Platform for Professionals: IG Markets
- Best Forex Broker for Windows: IG Markets
- Best Forex Broker for Mac OS: Forex.com
Which is The Best Forex Broker in Germany?
Forex.com is a top forex broker with a great reputation, 80+ currency pairs, and a selection of trading platforms suitable for any and every trader.
Even though this broker offers other assets as well – mainly CFDs – what sets them apart from their competitors is their fantastic forex trading service.
✔ Offers MT4 and an Advanced Platform
✔ Unparalleled forex service
✔ Poor selection of CFDs
✔ Long processing times for certain withdrawals
✔ Offers MT4 and an Advanced Platform
✔ Unparalleled forex service
✗ Poor selection of CFDs
✗ Long processing times for certain withdrawals
Fees: Commission-free forex trading
Demo Account: Yes
Min. Deposit: $100
Assets: 300 assets, including 80+ FX pairs.
License: FCA, CySEC, etc.
Forex.com is one of the top forex brokers to ever have been available in Germany. But that should come as no surprise considering the name of the broker.
With one of the most well-sorted selections of currency pairs in the world, there is no doubt in our mind that Forex.com is the best forex broker in Germany. They also offer a wide array of trading tools and platforms that are suitable for traders of every level.
Unfortunately, as a pure forex broker, Forex.com does not provide access to that many other markets or instruments, with the exception of a few CFDs.
Which CFD Broker in Germany is Offering Trading without Commissions?
When you trade with Plus500's app, you will be using the highest-ranked trading app for both Android and iOS.
You will also gain access to some of the world's best mobile trading features and a great selection of asset classes.
✔ Easy to use mobile software
✔ Competitive spread
✔ Top rated in both app stores
✔ Limited monthly transactions
✔ Only 2,200 CFD assets on offer
✔ Easy to use mobile software
✔ Competitive spread
✔ Top rated in both app stores
✗ Limited monthly transactions
✗ Only 2,200 CFD assets on offer
Fees: Overnight Funding, Currency Conversion Fee and Inactivity fee (read more about Plus500 fees here)
Demo Account: Yes
Min Deposit: £100
CFD Assets: 2,000+
License: FCA, CySEC, ASIC, FSCA, MAS
Plus500 is a legendary name on the European forex market. With one of the easiest-to-use platforms available on desktop and mobile devices, as well as a satisfactory selection of assets and currencies, Plus500 is a good choice for most.
Moreover, Plus500 is well-known for its competitive spreads and fair fees.
Now, compared to many other forex brokers, Plus500’s selection of assets leave a lot to wish for. With roughly 2000 CFD assets listed, this CFD forex broker has a long way left to go, compared to most of its competitors.
Which is the Best Free Forex Trading Platform in Germany?
Forex.com is a top forex broker with a great reputation, 80+ currency pairs, and a selection of trading platforms suitable for any and every trader.
Even though this broker offers other assets as well – mainly CFDs – what sets them apart from their competitors is their fantastic forex trading service.
✔ Offers MT4 and an Advanced Platform
✔ Unparalleled forex service
✔ Poor selection of CFDs
✔ Long processing times for certain withdrawals
✔ Offers MT4 and an Advanced Platform
✔ Unparalleled forex service
✗ Poor selection of CFDs
✗ Long processing times for certain withdrawals
Fees: Commission-free forex trading
Demo Account: Yes
Min. Deposit: $100
Assets: 300 assets, including 80+ FX pairs.
License: FCA, CySEC, etc.
With the fact that Forex.com is the best forex broker in Germany, it’s clear why we consider their demo account to be the best free forex trading platform in Germany.
By signing up to a Forex.com demo account, you’ll gain access to all of the broker’s tools and their full selection of assets. All trading will be free, however, you will be trading with virtual money, meaning you can’t make any real profit.
Free forex trading platforms like this one are also great tools for practise and strategy development, even for traders with a little more experience.
Which is the Best Forex Trading Platform for Professionals in Germany?
IG Markets is one of the oldest and biggest online brokers in the world.
This UK-based broker has been offering trading opportunities since the early 1970s.
Still to this day, IG Markets keeps trail blazing the industry and setting the standard for all other online brokers.
✔ Real stock trading of the exchanges
✔ Huge selection of international stocks.
✔ High minimum deposit.
✔ Commission on spread betting and CFD stock trading.
✔ Real stock trading of the exchanges
✔ Huge selection of international stocks.
✗ High minimum deposit.
✗ Commission on spread betting and CFD stock trading.
Fees: Low spread & commission.
Demo Account: Yes
Min Deposit: £300
Deposit Options: Visa, Mastercard, PayPal, Bank Transfer
Assets: 10,000+
License: FCA, ASIC, CFTC, MAS
IG Markets is one of the biggest and most well-known multi-asset brokers in the entire world. For many years, IG Markets has worked hard to perfect their forex platform, which they offer in combination with the MetaTrader 4.
In many ways, IG Markets is best suited for professional German forex traders, mostly due to the advanced trading platforms offered.
Although, even as a complete beginner, IG Markets provides tools, guides, and equipment that will improve your chances of placing profitable trades.
Which is the Best Forex Broker for Windows in Germany?
IG Markets is one of the oldest and biggest online brokers in the world.
This UK-based broker has been offering trading opportunities since the early 1970s.
Still to this day, IG Markets keeps trail blazing the industry and setting the standard for all other online brokers.
✔ Real stock trading of the exchanges
✔ Huge selection of international stocks.
✔ High minimum deposit.
✔ Commission on spread betting and CFD stock trading.
✔ Real stock trading of the exchanges
✔ Huge selection of international stocks.
✗ High minimum deposit.
✗ Commission on spread betting and CFD stock trading.
Fees: Low spread & commission.
Demo Account: Yes
Min Deposit: £300
Deposit Options: Visa, Mastercard, PayPal, Bank Transfer
Assets: 10,000+
License: FCA, ASIC, CFTC, MAS
IG Markets has a stable platform that’s available on all devices, including mobile devices and computers running on Windows. Even though mobile trading platforms are growing in popularity, most people still trade on a desktop or laptop.
Because of that, it’s important that you find a forex broker in Germany that allows you to trade on the operating system that you prefer.
In case you’re a Windows user, we would recommend checking out IG Markets since it’s widely considered the best forex broker for Windows in Germany.
Which is the Best Forex Broker for MacOS in Germany?
Forex.com is a top forex broker with a great reputation, 80+ currency pairs, and a selection of trading platforms suitable for any and every trader.
Even though this broker offers other assets as well – mainly CFDs – what sets them apart from their competitors is their fantastic forex trading service.
✔ Offers MT4 and an Advanced Platform
✔ Unparalleled forex service
✔ Poor selection of CFDs
✔ Long processing times for certain withdrawals
✔ Offers MT4 and an Advanced Platform
✔ Unparalleled forex service
✗ Poor selection of CFDs
✗ Long processing times for certain withdrawals
Fees: Commission-free forex trading
Demo Account: Yes
Min. Deposit: $100
Assets: 300 assets, including 80+ FX pairs.
License: FCA, CySEC, etc.
Once again, Forex.com qualifies for this category of top brokers in Germany.
With a great all-around trading platform for every popular device out there, we’ve come to the conclusion that Forex.com is the best forex broker for Mac computers in Germany. Their platform runs smoothly on all the latest Mac computers, but it can also be used on your iPhone or iPad by downloading the Forex.com app from the App Store.
As mentioned earlier, the selection of assets offered by Forex.com is quite limited, with the exception of their well-sorted list of available currency pairs and cryptocurrencies.
Guide for Forex Traders in Germany
The most important thing to remember when trading forex in Germany, or anywhere else in the world for that matter, is to do it legally and safely. There is only one way to do so and that’s to only use regulated brokers and never trade with money you cannot afford to lose.
In Germany, the main broker regulator is the Cyprus Securities and Exchange Commission (CySEC), which is tasked with regulating brokers in the EU. Furthermore, Germany has its own regulatory body that approves or denies brokers operating in the country.
This governing body is called the Federal Financial Supervisory Authority or Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin for short) in German.
How to Choose the Best Forex Broker
The best way to choose the best forex broker in Germany for your specific needs is simply to use our recommendations and guides. Over the years, thousands of traders have used our services to find the best platform for them.
If you still want to conduct your own research and find a broker by yourself, you should follow these steps:
1. What are you trading?
First, you have to determine which market you want to trade on. For example, there are huge differences between trading forex and stocks, meaning the brokers are also different. Therefore, the best forex broker in Germany is not always the best CFD broker, and vice versa.
Since you’ve found this post, we assume you’re looking to start trading forex, ie. you need to find the best forex broker.
2. Make a list of brokers
After deciding which market you’re going to focus on, you need to make a shortlist with potential brokers that you like. Don’t forget that you should only use licensed, regulated, and safe brokers.
Finding a licensed broker is easily done by only sticking with brokers that we recommend. Safety is always our number one concern and it should be yours as well.
3. Compare the brokers
With a list of potential brokers, you need to start comparing them. For many, this is the most time-consuming part of the process. In fact, to be able to compare brokers fairly, you need to test everything that each broker has to offer.
We have performed these tests multiple times on each broker and know for a fact that it can take many hours to properly review a forex broker in Germany.
4. Register an account
After you’ve reviewed and tested the brokers, you should have figured out which one is the most likely match with your needs. The next step involves visiting the broker and registering an account.
Keep in mind that you will also have to verify your identity by submitting a copy of your ID, as well as a recent utility bill (as proof of residence).
5. Deposit money and start trading
Once your identity has been verified, you can make your first deposit and start trading. As a complete beginner, we strongly recommend that you study the basics of forex trading before you make your first trade.
And with that, the only thing left to do is to wish you good luck!
FAQs
Is forex trading legal in Germany?
Yes, forex trading is legal and regulated in Germany. Thanks to trading regulation set by the European Union, online trading is legal in most of Europe. In the case of Germany, the market is well and alive, with a large selection of great German forex brokers.
Are forex brokers free?
No, it’s never completely free to trade, regardless of the market you’re trading on or the instruments you’re interested in. Forex traders make a profit from charging a so-called spread on each position that’s opened and closed.
Furthermore, you can expect to pay certain non-trading fees, ie. transaction fees, inactivity fees, etc.
With that being said, you can trade forex for free using a demo account. Just please note that you won’t be able to make a profit while demo trading, since you’ll be using virtual funds.
How can I trade in Germany?
To start trading, you need to fulfil a few requirements. Firstly, you need to be at least 18 years old and you have to know which market you’re interested in – the best forex broker in Germany is not necessarily the best stockbroker. You also need enough funds to cover the minimum deposit limit set by the broker in question.
Once these requirements are met, you can start looking for a broker that suits your needs. The best way is to use this guide and our similar German trading guides where all the best brokers in the country are listed.
Is there tax on forex trading in Germany?
Yes, you have to pay taxes on the profits you make from forex trading, although you don’t pay any taxes on all the not profitable trades you place.
Paying taxes is very important, which is why we advise everyone, whether German or not, to contact their local tax office to see what tax laws apply to them. Better yet, you can contact an accountant with trading knowledge and pay them to help you pay your forex trading taxes correctly.
How much do forex traders make a day?
This is an impossible question to answer. Some day traders are millionaires, making hundreds of thousands of euros every day, while others make enough to live a comfortable lifestyle.
In order to consider yourself a day trader, you need to trade daily and consider trading your main sources of income.
Can I trade forex with $10 in Germany?
Yes and no. To open a forex trading account in Germany you need to deposit enough money to cover the initial deposit limit. This limit varies from broker to broker, but is usually between €100 and €250. So, technically you need more than €10 to START trading.
However, with an activated trading account, you’re allowed to deposit much smaller amounts than the initial deposit. In turn, that means you can trade forex with €10 in Germany, as long as you’ve already registered and activated a trading account.
Is forex good for beginners?
There is no straight answer to this question either. All forms of trading and investments are difficult and associated with risk, a risk that grows substantially for beginners with limited experience.
So instead of considering if forex is good for beginners or not, you should pick a trading market that interests you. Then you have to learn all the ins and outs of that market, whether it be the forex market or the stock market.
Conclusion
Forex trading is popular in Germany and, thanks to an influx in great forex brokers, the market has been steadily growing for several years.
In the post above, we’ve listed all the best forex brokers in Germany. All our recommendations are based on countless hours of research. For more information about a particular broker, please refer to each specific broker review.
Note: Don’t hesitate to leave a comment below in case you have any questions regarding trading apps, safety, day trading, investments, financial systems, or anything else that might come to mind while spending time on our website. We promise to answer you as soon as possible.
Trading Platforms, Brokers & Apps That We Tested:
- Markets.com
- 24Option
- IQ Option
- BDSwiss
- HotForex
- Trade.com
- Libertex
- Plus500
- XTB
- InstaForex
- IG Markets
- GKFX
- LionsFX
- Valutrades
- XM
- IronFX
- Blackwellglobal
- FPMarkets
- AmanaCapital
- Admiralmarkets
- Alvexo
- Bizintra
- Pepperstone
- Windsorbrokers
- FXPro
- ForexTime
- HYCM
- FXGrow
- TeleTrade
- Trader.online
- Marketscube
- Finmaxbo
- FXCC
- Oanda
- Forex.com
- LCG
- CMC Markets
- FXCM
- iForex
- IFC Markets
- Aaatrade
Is Trading Allowed In My Country?
Europe:
- Albania
- Bosnia & Herzegovina
- Bulgaria
- Croatia
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Ireland
- Italy
- Kosovo
- Latvia
- Lithuania
- Macedonia
- Malta
- Moldova
- Montenegro
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- Russia
- Serbia
- Slovenia
- Spain
- Sweden
- Switzerland
- Turkey
- Ukraine
- United Kingdom
Excluded: Belgium
North America
- Belize
- Canada
- Costa Rica
- Cuba
- Guatemala
- Honduras
- Jamaica
- Mexico
- Nicaragua
- Panama
- Puerto Rico
- The Bahamas
Excluded: United States
South America
- Argentina
- Bolivia
- Chile
- Colombia
- Dominican Republic
- Ecuador
- Guyana
- Paraguay
- Peru
- Suriname
- Uruguay
- Venezuela
Excluded: Brazil
Africa
- Algeria
- Angola
- Benin
- Botswana
- Burkina Faso
- Burundi
- Cameroon
- Central African Republic
- Chad
- Democratic Republic of Congo
- Egypt
- Eritrea
- Ethiopia
- Gabon
- Ghana
- Guinea
- Guinea-Bissau
- Kenya
- Lesotho
- Liberia
- Libya
- Madagascar
- Malawi
- Mali
- Mauritania
- Morocco
- Mozambique
- Namibia
- Niger
- Nigeria
- Republic of the Congo
- Rwanda
- Sierra Leone
- Somalia
- South Africa
- South Sudan
- Sudan
- Swaziland
- Tanzania
- The Ivory Coast
- Togo
- Tunisia
- Tunisia
- Uganda
- Western Sahara
- Zambia
- Zimbabwe
Middle East
- Georgia
- Armenia
- Azerbaijan
- Iran
- Iraq
- Syria
- Lebanon
- Cyprus
- Israel
- Jordan
- Saudi Arabia
- Kuwait
- Bahrain
- Qatar
- United Arab Emirates
- Oman
- Yemen
Asia
- Afghanistan
- Bangladesh
- Cambodia
- China
- China
- India
- Indonesia
- Japan
- Kazakstan
- Kirgizistan
- Laos
- Malaysia
- Mongolia
- Myanmar
- North Korea
- Pakistan
- Papua New Guinea
- Philippines
- Singapore
- South Korea
- Sri Lanka
- Thailand
- Turkmenistan
- Uzbekistan
- Vietnam
Excluded: Hong Kong
Oceania:
- Australia
- New Zealand
Our Author:
Adam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years. Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.
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