Best forex brokers in Germany

Ranked by Coinish Score: half the Editor Rating for the entity that serves residents of Germany, half Market Signal. Brokers without enough verified data for a rating are placed by Market Signal and labelled; brokers with neither are listed last. How we rate

Forex in Germany at a glance

29 forex brokers with a verified licence serve residents of Germany: 2 hold a local licence (BaFin) and 27 serve under an EU passport.
Top pick by Coinish Score: IG (77/100, Editor Rating 4.2/5).
Lowest advertised EUR/USD all-in cost: 0.1 pips (Deriv), across 16 brokers that publish one.
No minimum deposit: Deriv.

Forex in Germany

Local licence required

Brokers need MiFID II authorisation from an EEA regulator; firms authorised elsewhere in the EEA may serve residents under the European passport. Retail forex is offered as CFDs, which BaFin restricts (leverage limits, margin close-out, negative balance protection).

Regulator sources (2)

“CFDs with required initial margin protection for retail clients”
bafin.de · Oct 5, 2026
“investment firms authorised by Bafin may establish a branch, make use of tied agents or provide investment services on a cross-border basis”
bafin.de · Oct 5, 2026

Sort by

1
Top pick
IG
IG Europe GmbH · BaFin (Tier 1)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
17,000+
Min. deposit
–
77
Coinish Score
4.2/5 rating71 signal
Visit site Review
2
FxPro
FXPRO Financial Services Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
0.7 pips
Instruments
2,100+
Min. deposit
–
71
Coinish Score
3.9/5 rating64 signal
Visit site Review
3
CMC Markets
CMC Markets Germany GmbH · BaFin (Tier 1)
Locally licensed
EUR/USD all-in
0.5 pips
Instruments
12,000+
Min. deposit
–
70
Coinish Score
4.1/5 rating59 signal
Visit site Review
4
Capital.com
Capital Com Group Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
–
Instruments
5,500+
Min. deposit
–
69
Coinish Score
4.2/5 rating54 signal
Visit site Review
5
FOREX.com
StoneX Europe Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
0.7 pips
Instruments
2,000+
Min. deposit
–
68
Coinish Score
3.9/5 rating60 signal
Visit site Review
6
XTB
XTB S.A. · KNF (Tier 2)
EU passport
EUR/USD all-in
–
Instruments
11,900+
Min. deposit
–
68
Coinish Score
3.7/5 rating63 signal
Visit site Review
7
Interactive Brokers
Interactive Brokers Ireland Limited · CBI (Tier 1)
EU passport
EUR/USD all-in
0.6 pips
Instruments
–
Min. deposit
–
67
Coinish Score
3.7/5 rating61 signal
Visit site Review
8
ThinkMarkets
TF Global Markets (Europe) Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
0.7 pips
Instruments
4,000+
Min. deposit
–
65
Coinish Score
3.8/5 rating54 signal
Visit site Review
9
Dukascopy
Dukascopy Europe IBS AS · Bank of Latvia (Tier 2)
EU passport
EUR/USD all-in
0.8 pips
Instruments
1,500+
Min. deposit
$100
65
Coinish Score
3.6/5 rating57 signal
Visit site Review
10
AvaTrade
AVA Trade EU Ltd · CBI (Tier 1)
EU passport
EUR/USD all-in
–
Instruments
1,250+
Min. deposit
–
60
Coinish Score
3.4/5 rating52 signal
Visit site Review
11
Pepperstone
Pepperstone EU Limited · CySEC (Tier 2)
EU passport
EUR/USD all-in
0.7 pips
Instruments
1,350+
Min. deposit
–
60
Coinish Score
3.8/5 rating45 signal
Visit site Review
12
IC Markets
IC Markets (EU) Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
0.6 pips
Instruments
2,850+
Min. deposit
–
59
Coinish Score
3.9/5 rating40 signal
Visit site Review
13
Plus500
Plus500CY Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
–
Instruments
2,800+
Min. deposit
–
59
Coinish Score
3.4/5 rating51 signal
Visit site Review
14
XM
Trading Point of Financial Instruments Ltd · CySEC (Tier 2)
EU passportOffshore-heavy group
EUR/USD all-in
–
Instruments
1,000+
Min. deposit
$5
58
Coinish Score
3.4/5 rating48 signal
Visit site Review
15
Deriv
Deriv Investments (Europe) Limited · MFSA (Tier 2)
EU passportOffshore-heavy group
EUR/USD all-in
0.1 pips
Instruments
–
Min. deposit
$0
58
Coinish Score
3.5/5 rating47 signal
Visit site Review
16
Admirals
Admirals Europe Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
–
Instruments
6,000+
Min. deposit
$100
57
Coinish Score
3.2/5 rating49 signal
Visit site Review
17
Trade Nation
Trade Nation Europe Empresa de Investimento, S.A. · CMVM (Tier 1)
EU passport
EUR/USD all-in
0.6 pips
Instruments
1,000+
Min. deposit
–
56
Coinish Score
4.2/5 rating28 signal
Visit site Review
18
Swissquote
Swissquote Capital Markets Limited · CySEC (Tier 2)
EU passport
EUR/USD all-in
1.1 pips
Instruments
–
Min. deposit
–
55
Coinish Score
3.3/5 rating44 signal
Visit site Review
19
HFM
HF Markets (Europe) Ltd · CySEC (Tier 2)
EU passportOffshore-heavy group
EUR/USD all-in
–
Instruments
500+
Min. deposit
–
54
Coinish Score
3.0/5 rating48 signal
Visit site Review
20
Markets.com
Safecap Investments Limited · CySEC (Tier 2)
EU passport
EUR/USD all-in
1 pips
Instruments
–
Min. deposit
$100
54
Coinish Score
3.3/5 rating41 signal
Visit site Review
21
NAGA
NAGA Markets Europe Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
0.6 pips
Instruments
4,000+
Min. deposit
$50
54
Coinish Score
3.0/5 rating46 signal
Visit site Review
22
FXCM
Stratos Europe Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
–
Instruments
–
Min. deposit
–
54
Coinish Score
2.9/5 rating49 signal
Visit site Review
23
Tickmill
Tickmill Europe Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
0.6 pips
Instruments
–
Min. deposit
$100
50
Coinish Score
3.1/5 rating39 signal
Visit site Review
24
Libertex
Indication Investments Ltd · CySEC (Tier 2)
EU passportOffshore-heavy group
EUR/USD all-in
–
Instruments
1,000+
Min. deposit
€100
49
Coinish Score
2.8/5 rating43 signal
Visit site Review
25
Skilling
Skilling Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
–
Instruments
1,000+
Min. deposit
€100
47
Coinish Score
2.9/5 rating38 signal
Visit site Review
26
Eightcap
Eightcap EU Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
–
Instruments
800+
Min. deposit
–
44
Coinish Score
3.1/5 rating25 signal
Visit site Review
27
iFOREX
iCFD Ltd (iFOREX Europe) · CySEC (Tier 2)
EU passport
EUR/USD all-in
–
Instruments
900+
Min. deposit
–
43
Coinish Score
2.8/5 rating31 signal
Visit site Review
28
Orbex
ORBEX Ltd · CySEC (Tier 2)
EU passportOffshore-heavy group
EUR/USD all-in
1.5 pips
Instruments
300+
Min. deposit
–
43
Coinish Score
2.9/5 rating28 signal
Visit site Review
29
Fortrade
Fortrade Cyprus Ltd · CySEC (Tier 2)
EU passport
EUR/USD all-in
–
Instruments
350+
Min. deposit
–
40
Coinish Score
2.8/5 rating24 signal
Visit site Review

Other lists for Germany: CFD brokers · Stock brokers & investing apps · Crypto exchanges