Forex trading continues to gain global popularity, including in Germany. This has led to many forex brokerage firms entering the industry, making it challenging for Germans to identify the best forex brokers in Germany to trust.
To help you with the search processes, we have created a list below of the best forex brokers in Germany. They have all been tested, reviewed, and ranked by our experts, making it easier for you to choose based on your preferred forex trading category.
In this guide
Best Forex Brokers and CFD Providers in Germany
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Compare Best Forex Brokers in Germany of 2023
- 1. AvaTrade – Overall Best Forex Broker in Germany
- 2. eToro – Best Forex Broker for Beginners in Germany
- 3. Plus500 – Best CFD Forex Broker in Germany
- 4. CMC Markets – Forex Broker with the Low Minimum Deposit in Germany
- 5. Forex.com – Forex Broker with Most Currency Pairs in Germany
- 6. IG Markets – Safest Forex Broker in Germany
- How to Choose the Best Forex Broker in Germany
- FAQs
- Verdict
How we test?
OnlineTrading aims to provide quality, simple, and proven information to its readers. Our team of financial experts carefully checks every detail to provide a unique and comprehensive guide to safe trading around the world.
Feedback from regular users is very important to us, so we try to consider the opinions of reviews and feedbacks from several trusted platforms. We spend about 100 – 250 hours analysing and collecting information on each trading platform to ensure our recommendations are reliable.
Naturally, we always remain impartial, honest and recommend only licensed and reliable brokers.
Compare Best Forex Brokers in Germany of 2023
OnlineTrading experts took their time to compare and rank forex brokers in Germany. We conducted multiple tests that included confirming forex brokers in Germany’s credibility, platform performance, trading assets and tools, commission, customer service and more.
We also reviewed how users rated forex brokers in Germany and identified the highly rated ones. The results from these two procedures are what we combined and came up with the below recommendations. Take a look at our summary table below on how OnlineTrading experts rated forex brokers in Germany.
Compare brokers
1. AvaTrade – Overall Best Forex Broker in Germany
Any German forex trader looking for a customisable trading platform with user-friendly features should try AvaTrade. This forex broker is safe for your trading needs and offers excellent research tools to help you with analysing the financial markets. You can also quickly build your forex trading skills with the learning materials it hosts.
AvaTrade is an easily navigable forex broker. You will choose from its multiple forex trading platforms and enjoy the convenience and flexibility you need to improve your trading experience. These platforms include the web trader, MT4, MT5, and the AvaTradeGO app that can easily be downloaded and installed on your mobile device.
If you are a newbie with minimum time to conduct market research and analysis, AvaTrade has the AvaSocial platform for you. You can benefit from this platform by interacting with other forex traders and mirroring trades with high-profit potential. Its customer service is also reliable and responsive, making AvaTrade worth trying.
✔Excellent research tools
- $100 minimum deposit requirement.
- Excellent AvaTradeGO app to trade on the move.
- Advanced MetaTrader platforms with quality research resources.
- High inactivity fee that kicks in after three months.
2. eToro – Best Forex Broker for Beginners in Germany
Beginner forex traders in Germany should consider eToro to kickstart their forex trading ventures. Rest assured that it is a trusted global forex broker since highly respected authorities regulate its financial activities.
eToro is beginner-friendly because it has an easy-to-use forex trading platform. In addition, it hosts the CopyTrader and social trading platforms, allowing you to socialise with fellow global forex traders and mirror the most experienced traders’ positions free of charge.
Forex trading at eToro helps you build your trading skills as you explore the currency markets. The broker in Germany has adequate learning resources, including a risk-free demo account to help you practise forex trading before you try the real markets.
Let your journey towards being a successful and independent forex trader start with eToro. With more than 40 currency pairs and low forex trading fees, you can trade on diverse global markets and earn good profits.
✔Easy account opening
- Social and copy trading experience.
- Low forex trading fees.
- User-friendly and customisable forex trading platform.
- $200 minimum deposit requirement.
3. Plus500 – Best CFD Forex Broker in Germany
Germans looking for a reliable forex CFD broker in Germany should have Plus500 as their first choice. The best thing about trading forex CFDs with Plus500 is that there are over 60 currency pairs to trade with. What’s more interesting is that Plus500 trading fees are one of the lowest in the industry, allowing you to place multiple forex CFD trades daily.
Opening a forex CFD account on Plus500 is free and straightforward. With a minimum deposit of $100, you will have access to the commission-free* trading platform, whereby you will explore various global currency markets at low spreads.
Additionally, this CFD forex broker in Germany has reliable 24/7 customer service that you can reach via email and live chat.
✔24/7 customer support service.
- Excellent forex CFD trading learning resources
- 60+ currency pairs provided
- No deposit and withdrawal fee*
- 24/7 reliable customer service
- Inactivity charges start accumulating after only three months
*other fees may apply
4. CMC Markets – Forex Broker with the Low Minimum Deposit in Germany
Trading forex at CMC Markets allows you to experience this broker’s intuitive design platform that is user-friendly and customisable. The broker also adheres to the Federal Financial Supervisory Authority (BaFin) regulations, guaranteeing German forex traders’ safety.
You do not need a lot of money to start trading on CMC Markets since it does not have a minimum deposit requirement. This means that you can deposit any amount you can afford and is within your budget to trade forex at CMC Markets. In addition, forex trading fees are low, allowing you to benefit from this broker at a low budget.
What’s impressive about this forex broker in Germany is its offerings of over 300 currency pairs. The research and learning materials are also provided in plenty, making it easier for you to build your skills and analyse the currency markets accordingly.
✔Excellent research and educational tools
- No minimum deposit requirement.
- Low forex trading charges.
- No transaction costs.
- Plethora of top-quality learning and research materials.
- Customer service is available five days a week.
5. Forex.com – Forex Broker with Most Currency Pairs in Germany
Whether you are getting started trading forex in Germany or looking for a forex broker with diverse forex offerings, Forex.com is an excellent option. Being regulated by the Federal Financial Supervisory Authority (BaFin) makes it trustworthy by German forex traders.
Forex.com has an excellent trading platform that is easily customisable with modern design. You only need to make a minimum deposit of $100 to start benefiting from this forex broker. Additionally, you will have access to over 4,500 popular world’s markets, including more than 90 currency pairs for forex trading.
Forex.com has one of the lowest forex trading fees starting from $0.11 on its Direct Market Access trading account. German forex traders looking for advanced trading tools can also benefit from this broker’s MT4 and MT5 platforms. Although it charges a $15 inactivity fee, expect it to kick in after 12 months of inactivity.
✔ Great variety of currency pairs
- Low forex trading fees.
- No transaction costs.
- MetaTrader platforms available.
- Excellent variety of currency pairs.
- Customer support is available five days a week.
6. IG Markets – Safest Forex Broker in Germany
IG Markets‘ long track record has made it popular globally, including in Germany. Having a global presence means that the forex broker is overseen by various authorities across various jurisdiction areas, including Germany’s Federal Financial Supervisory Authority (BaFin). This guarantees your trading capital’s safety on IG markets.
We also consider IG Markets a safe broker to trade forex with because it has a segregated account for storing all its client’s trading funds. It also has access to diverse tier-one global markets, giving you great opportunities to earn good profits.
You will need a $250 deposit to start trading forex