Top Forex brokers in Germany: trading Forex, CFDs, commodities and Cryptocurrencies - TopForex.Trade

Top Forex brokers in Germany: trading Forex, CFDs, commodities and Cryptocurrencies

Forex Market and online trading in Germany: review of the German economy, top Forex brokers providing trading in CFDs, currency pairs, commodities including Gold, Cryptocurrencies like Bitcoin, with a Copy Trading feature.

The economy of Germany: general information

Top Forex Brokers in Germany

Today, the German economy is one of the strongest in Europe. In the global ranking, it occupies fifth place in terms of gross output per capita, and third place in terms of total income, belonging to the group of developed countries. The structure of the economy is based on the service sector and industry since the country does not have sufficient mineral reserves. Services account for about 54%, production – for almost 46%, and agribusiness occupies 0.1-1.5% of the national economy.

Despite the fact that in Germany huge areas are devoted to agriculture, employment in agriculture is only about three percent of the able-bodied citizens. The contribution to the total GDP remains small, which is explained by the high degree of industrialization of the country’s economy. However, this does not prevent Germany from occupying a leading (after France) place in the world economy in the production of major crops (rye, oats, barley, wheat, corn, sugar beets, potatoes) and livestock products. High productivity is ensured through the use of innovative methods of agricultural technology and mechanization of labor processes.

One of the important facts is that the share of Germany in the world production of automobiles, electrical engineering, transport, equipment, computers, and other equipment is still kept at a high level and amounts to 7% of GDP. There is probably no person who has not heard of the Volkswagen AG auto concern, which also includes large automotive companies such as Skoda, SEAT, Porsche, and MAN.

The chemical industry in Germany is in demand either: the world-famous concerns Bayer, BASF, and Linde are still among the top five Forbes world leaders in terms of a set of indicators (revenue, profit, capitalization).

Germany is one of the most technologically advanced countries not only in the European Union but also in the world. As a result, foreign investors put up their money in various sectors in Germany and can benefit from the most advanced scientific and technological assistance. In an effort to attract foreign investment, the German government has established a mandatory rule that does not distinguish between local and foreign investors. Foreign investors can take advantage of all the benefits provided to local ones. This also applies to the Forex market, as traders can officially work with many international brokers.

 

Forex trading and regulations in Germany

Germany Forex Trading

Germany is the undisputed leader in Europe in terms of economic development and the size of transactions in the financial markets. To be officially authorized for offering financial services such as Forex in Germany, a broker needs to either be licensed by the local regulatory authority called BaFin (German Federal Financial Review Office) or by other international reputable authorities like FCA, CySEC, ASIC, MAS or IFSC.

In our article, we have considered brokers with all types of regulation, but the main thing that unites them is reliability, proven by millions of clients, and safe trading conditions. Quite a few Forex brokers operating solely in Germany may not have as wide a range of services as the best foreign brokers. More often than not, many German Forex traders prefer regulated international Forex brokers to be able to trade with higher leverage and enjoy other benefits not available to locally regulated brokers. 

If you are new to trading, then there is an amazing tool for you like Copy Trading. It is one of the easiest ways to take advantage of the expertise of other traders. Even those who do not understand how the financial markets work can make money by simply automatically copying professionals. 

 

Popular online trading instruments in Germany

Online trading instruments in Germany

Germany has always been one of the most economically powerful countries in the world. In addition, the country has always demonstrated a very high level of stability, and most importantly, sustainable growth. If you have a stable internet connection to start trading Forex in Germany, you can be sure of having access to an amazing financial market with many trading tools. 

Currency pairs trading in Germany

Germany stood at the origins of the formation of the EU, and now largely determines the policy of European countries. Therefore, the question of what kind of money is used in Germany today and what currency pairs are traded the most is quite obvious. Of course, this is the euro and the most popular currency pairs such as EUR/USD, EUR/GBP, and EUR/JPY. Traders in Germany also have access to dozens of major and minor combinations as well.

XM Group – the broken included in BaFin offers over 50 currency pairs that include Majors, Minors and Exotics to choose from. In addition to currency pairs, the broker allows you to trade more than 1000 trading instruments including CFDs, commodities, indices, precious metals, energies, and stocks. The broker offers four types of accounts with negative balance protection, good leverage, and tight spreads: Micro, Standard, XM Ultra Low, and Shares. Besides, there is a special one – a demo account where traders can practice their skills and knowledge.

Besides the BaFin, The company’s activities are fully authorized in the EU by the Netherlands Financial Markets Authority (AFM), and the Finnish Financial Supervisory Authority (FIN). The broker is also licensed by such reputable regulators as ASIC, CySEC, IFSC, and DFSA, which indicates its reliability.

With XM Group, you can trade from anywhere as you get instant access to global markets with the new XM all-in-one mobile app. All it takes is to download the app and jump in with deals.

98
Min. deposit
5$
Min. Spread
0.6
Bonus
Max. leverage
1:1000
Used by
5000000+
Trading platforms
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
Bitcoin, Sofort, UnionPay, Neteller, Wire, Skrill
Regulated by
FCA
CySEC
IFSC
ASIC
98
Min. deposit
5$
Max. leverage
1:1000
Bonus
Used by
5000000+
Min. Spread
0.6
Trading platforms
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
Bitcoin, Sofort, UnionPay, Neteller, Wire, Skrill
Regulated by
FCA
CySEC
IFSC
ASIC

 

Commodities trading in Germany

In recent years, a very promising area is trading commodities on the stock exchange, which allows the trader to further increase profits. For example, since Germany is an exporter of refined petroleum, iron fasteners and other iron products, aluminum plating, and petroleum gas, a trader can profit from the price fluctuations of these commodities. If you are thinking about a way to make money on this financial instrument, Forex is the best solution for you.

Besides, an important thing to mention is that Germany ranks third in terms of gold accumulation, which makes gold a popular financial instrument for Forex trading in Germany as well.

Brokers provide great opportunities and favorable conditions, all you have to do is open an account with the broker and start trading.

HF Markets is an international reliable broker that offers a variety of trading instruments, including currency pairs, metals, deposits, stocks, Cryptocurrency, and many others. In particular, HF Markets provides low transaction costs and flexible leverage on Forex Gold trading. You can find more information about this trading instrument in our article.

Due to the fact that HF Markets is licensed by CySEC, the FCA, and the DFSA, the corresponding financial authorities in Cyprus, the UK, and Dubai, it enjoys the trust of millions of clients building its trading environment on transparency and reliability.

To make your trading fast and convenient HF Markets has a mobile app. Use this handy Forex trading app along with your HF MT4/MT5 mobile, desktop, and web platforms to keep abreast of the global financial markets. Moreover, HF Markets created an HFcopy – Copy Trading feature where anyone can join as a follower or as a pro trading strategy provider.

96
Min. deposit
5$
Min. Spread
0.1
Bonus
Max. leverage
1:1000
Used by
3500000+
Trading platforms
Own Platform
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
-
Regulated by
FCA
DFSA
FSCA of South Africa
FSA UK
SVGFSA
96
Min. deposit
5$
Max. leverage
1:1000
Bonus
Used by
3500000+
Min. Spread
0.1
Trading platforms
Own Platform
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
-
Regulated by
FCA
DFSA
FSCA of South Africa
FSA UK
SVGFSA

 

Stocks trading in Germany

The German stock market features a wide range of industries such as chemicals, retail and financial services. Top German stocks by market capitalization based on their industries include technology: SAP, Deutsche Telekom, Wirecard; automotive industry: BMW, Volkswagen, Daimler; pharmaceuticals and chemistry: Bayer, BASF, Merck; consumer goods: Adidas, Henkel; finance: Allianz, Munich Re, Deutsche Bank.

To start trading German stocks, all you need to do is open an account with a trusted broker and dive into the market.

NAGA Markets was founded in Frankfurt (Germany) back in 2015 as a fintech company that provides access to global financial markets. It is also part of NAGA Group AG, a German financial holding listed on the Frankfurt Stock Exchange. It makes the broker popular and sought after among German traders.

NAGA is one of the top-rated brokers that provides access to different asset classes for trading: stocks, forex, ETFs, futures, commodities, and metals. Several options for trading platforms are offered for trading: MetaTrader of both versions (4 and 5), and the author’s platform NAGA Webtrader. All platforms support mobile versions. 

It is also a social investing network where clients of all experience levels can trade, share and copy investments on over 950+ trading instruments. The broker has very competitive trading conditions including tight spreads, low commissions, rapid trade execution speeds, and a variety of flexible account funding options.

NAGA aims to make trading simple and accessible for everyone. To make investment services available to clients in different jurisdictions, NAGA complies with multiple authoritative regulations around the world such as FCA, CySEC, MiFID II, and MiFIR.

96
Min. deposit
250$
Min. Spread
0.7
Bonus
Max. leverage
1:1000
Used by
1000000+
Trading platforms
Web Platform
MetaTrader 5
MetaTrader 4
Deposit methods
Maestro, GiroPay, iDEAL, PayPal, Credit/Debit Cards, Skrill
Regulated by
FCA
CySEC
96
Min. deposit
250$
Max. leverage
1:1000
Bonus
Used by
1000000+
Min. Spread
0.7
Trading platforms
Web Platform
MetaTrader 5
MetaTrader 4
Deposit methods
Maestro, GiroPay, iDEAL, PayPal, Credit/Debit Cards, Skrill
Regulated by
FCA
CySEC

 

Indices trading in Germany

Traders in Germany can choose to trade stock prices through a stock index instead of trading a single stock or several separate ones. This strategy will allow diversify your portfolio and get the maximum profit. The DAX stock index is one of the most popular trading indices in the world and also in Germany. It was founded in 1988 and consists of the largest and most actively traded companies by market cap. DAX includes several industry-leading brands such as Adidas, BMW, and Siemens.

Approximately 75% of the profits made by companies listed in the DAX 30 index came from outside of Germany. In addition, since many of the DAX’s constituents are huge multinational companies with a significant impact on global markets, the index can also be used to assess global trends.

OANDA is one of the largest, oldest, and most reputable Forex brokers in the world. It strives to provide competitive spreads across its full range of Forex and CFD markets, including indices in particular Germany 30, commodities, Cryptocurrencies, metals, and bonds, and more than 100 instruments in total.

The main regulator of the broker is the UK organization – the Financial Conduct Authority (FCA), which opens the broker the opportunity to work in Germany. Besides, brokers hold licenses by such authoritative regulations around the world as FSA, ASIC, and IIROC.

Globally, OANDA offers three account types: demo, Standard, and Advanced Trader, which makes the broker a fine fit for both new and seasoned trades. 

97
Min. deposit
-
Min. Spread
0.8
Bonus
Max. leverage
1:200
Used by
-
Trading platforms
Own Platform
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
UnionPay, PayPal, Credit/Debit Cards, Wire
Regulated by
IIROC
MAS
FCA
CFTC
ASIC
97
Min. deposit
-
Max. leverage
1:200
Bonus
Used by
-
Min. Spread
0.8
Trading platforms
Own Platform
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
UnionPay, PayPal, Credit/Debit Cards, Wire
Regulated by
IIROC
MAS
FCA
CFTC
ASIC

 

CFDs trading in Germany

CFD, short for Contract for Difference, is a type of derivative. In Germany, this form of investment and trading has been possible since 2006 and in the last few years, its acceptance has been growing. When trading CFDs, you aren’t actually buying the underlying asset itself, but instead dealing with the buying and selling prices of a given financial instrument in order to profit from the price difference. So in order to diversify the portfolio, along with German stocks and DAX indices, you can work with a contract for difference. Thus, maximum security for the trader is ensured. Due to the smooth price change, a trader can control the level of his profit and take timely measures if something does not go according to plan.

Plus500 is one of the best options available for you if you’d like to get into CFDs trading. It is a trading platform and a leading provider of Contracts for Difference (CFDs), delivering trading facilities on shares, Forex, commodities, Cryptocurrencies, ETFs, and indices, alongside innovative trading technology.

Plus500 provides its clients with state-of-the-art trading platforms. Users can choose a web-based platform. But the Plus500 trading platforms are not only available in a web browser. Traders who want to trade from their smartphones or other mobile devices can use the mobile app. The Plus500 platform is available on Android, iOS, and Windows.

If you are still new to CFD trading and are worried about possible losses, Plus500 has a demo account for you. This is one of the Plus500 account types that can really help you take your trading skills to the next level before opening a Live Plus500 account.

95
Min. deposit
100$
Min. Spread
Variable
Bonus
Max. leverage
1:30
Used by
430000+
Trading platforms
Own Platform
Web Platform
MetaTrader 4
MetaTrader 5
Deposit methods
Trustly, iDEAL, PayPal, Klarna, Credit/Debit Cards, Skrill
Regulated by
MAS
FCA
FSA Seychelles
CySEC
ASIC
95
Min. deposit
100$
Max. leverage
1:30
Bonus
Used by
430000+
Min. Spread
Variable
Trading platforms
Own Platform
Web Platform
MetaTrader 4
MetaTrader 5
Deposit methods
Trustly, iDEAL, PayPal, Klarna, Credit/Debit Cards, Skrill
Regulated by
MAS
FCA
FSA Seychelles
CySEC
ASIC

 

Cryptocurrency trading in Germany

Germany Crypto Trading

Among European countries, it was Germany that became one of the first states that launched the legal regulation of Cryptocurrency trading in order to ensure its legitimacy. The regulation of Crypto in Germany began in 2013 by the Decree of the Minister of Finance. Bitcoin was defined as a unit of account, which can be used in private trade relations.

However, the Cryptocurrency itself did not receive the status of a foreign or electronic currency, but received the definition of “private money”. This suggests that, in private, you can make transactions with Cryptocurrency, but there is still no regulation at the interstate level. Starting in 2017, after updating the national regulatory framework, the German federal government defined Bitcoin as a “financial instrument”.

In general, Germany is one of the legitimate countries in Europe in relation to Cryptocurrency transactions, and the registration of a Crypto exchange will not pose any serious difficulties, since there is a clear set of regulatory legal acts regarding Cryptocurrency, in particular, at this stage, bitcoin is also used in the banking sector and for payment in retail chains.

In 2018, Germany became the record holder for the number of Bitcoin investors. According to research by the local bank Postbank, about 30% of the population are ready to invest (or are already investing) in Cryptocurrency assets.

AvaTrade gives you the opportunity to trade one of the most popular Cryptocurrencies 24 hours a day, having the ability to open long or short positions. It has such a range of Crypto as Bitcoin, Bitcoin Cash, Ethereum, Ripple, Dash, Litecoin, Bitcoin Gold, and EOS. In addition to Crypto, 1250 instruments are available to clients: stocks, securities, indices, commodities, currency pairs, and CFDs.

The company holds several regulatory licenses, including ASIC, FSA, Abu Dhabi, and British Virgin Islands regulators.

AvaTrade has several platforms, both automated and manual. The broker offers its own solution, and several third-party Copy trading platforms including ZuluTrade, DupliTrade as well as MetaTrader 4 (MT4) (and in some places MT5). In addition to web platforms with AvaTrade, you can also use a mobile app. The advantages of trading using a mobile app are obvious. With an Internet connection and a mobile software package, the user can carry out trading operations from any corner of the globe.

97
Min. deposit
50$
Min. Spread
0.1
Bonus
Max. leverage
1:400
Used by
350000+
Trading platforms
Web Platform
ZuluTrade
MetaTrader 5
MetaTrader 4
Deposit methods
Bitcoin, Sofort, UnionPay, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
ISA
ADGM
FFA of Japan
FSA of Japan
FSCA of South Africa
Central Bank of Ireland
CySEC
FSC of BVI
ASIC
97
Min. deposit
50$
Max. leverage
1:400
Bonus
Used by
350000+
Min. Spread
0.1
Trading platforms
Web Platform
ZuluTrade
MetaTrader 5
MetaTrader 4
Deposit methods
Bitcoin, Sofort, UnionPay, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
ISA
ADGM
FFA of Japan
FSA of Japan
FSCA of South Africa
Central Bank of Ireland
CySEC
FSC of BVI
ASIC

 

eToro is another broker that offers many Cryptocurrencies as well a wide range of assets for trading: stocks, indices, and commodities. In terms of regulatory oversight, eToro is licensed by the FCA, ASIC, and CySEC. In over 15 years that the eToro broker has been on the market, it has managed to establish itself in the online trading community as one of the most respected brokers in the industry.

The broker is the perfect choice for passive traders and for those who do not want to check the market 24/7. The platform allows you to trade independently or copy the trades of other participants with the Copy Trading tool. 

Speaking about the mobile app, it is supported by iOS and Android operating systems and provides full-fledged work, combining the possibilities of digital technologies, social communication, and trading.

98
Min. deposit
50$
Min. Spread
0.5
Bonus
Max. leverage
1:30
Used by
20000000+
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, PayPal, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
MiFID
FCA
CySEC
ASIC
98
Min. deposit
50$
Max. leverage
1:30
Bonus
Used by
20000000+
Min. Spread
0.5
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, PayPal, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
MiFID
FCA
CySEC
ASIC

 

Top Forex brokers in Germany

If you decide to start trading various financial instruments in Germany, this means that you need a good broker to protect your interests and get good conditions and special instruments. When choosing a Forex broker, there are several criteria to consider, namely its reputation among traders, safety and reliability, service life, regulations, the convenience of payment systems, the trading platform used, etc. A good broker must be licensed by top regulators, which gives them the opportunity to enter the international market.

Offering the best conditions and security, here is a list of the best forex brokers in Germany:

NAGA Markets in Germany

NAGA Markets was founded in Frankfurt (Germany) back in 2015 as a fintech company that provides access to global financial markets. It is also part of NAGA Group AG, a German financial holding listed on the Frankfurt Stock Exchange. It makes the broker popular and sought after among German traders.

NAGA is a fully licensed and regulated broker with over 950 trading instruments and assets. Its clients can trade commodities, Crypto assets, and Forex, and make deals on the markets of futures, precious metals, ETFs, indices, and CFDs.

Brokers provide users trading with minimal risk, even if they are new to trading. NAGA has made this possible with a special automatic Copying feature. NAGA AutoCopy is an innovative tool that allows you to automatically follow the top traders on the platform and learn from their experiences.

 

Plus500 in Germany

Plus500 is one of the most user-friendly CFD trading platforms with advanced features and plenty of risk management tools. It offers a wide choice of CFD trade instruments, a trading guide, and all the mechanisms to make trading more effective and secure.

Plus500 has been on the market since 2008. The company has been able to build a reputation as a reliable broker that is worthy of the trust of its clients. It is controlled by ASIC, FCA, CySEC, MAS, and other global reputable global regulators.

If you are still new to CFD trading and are wary of possible losses, Plus500 has an option for you. You can use Plus500’s very detailed trading guide and open a demo account. This will give you the opportunity to practice, test your trading strategies and gain the necessary experience in real market conditions, while completely risk-free, as you cannot lose real money.

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OANDA in Germany 

OANDA is a well-known broker for traders of any level. OANDA offers trading in over 100 instruments including currency pairs, indices, commodities, bonds, and metals. There are 9 base currencies available in the company: EUR, GBP, CHF, USD, CAD, AUD, JPY, HKD, SGD.

The main regulator of the broker is the UK organization – the Financial Conduct Authority (FCA), which opens the broker the opportunity to work in Germany. Besides, brokers hold licenses by such authoritative regulations around the world as FSA, ASIC, and IIROC.

Globally, OANDA offers three account types: demo, Standard, and Advanced Trader, which makes the broker a fine fit for both new and seasoned trades. 

 

eToro in Germany

eToro is one of the most recognizable and credible brokers in the world held in high regard for its truly trader-oriented features.

eToro broker provides some of the most attractive market conditions: low Forex fees, only $50 deposit for opening a standard account, and low trading and non-trading fees. So no matter if you’re an experienced trader or just a newbie, eToro is something you’d like to check out. You’ll probably like most of what you find out about this broker: CopyTrader feature, Crypto items available for trading, and various trading platforms suitable for any situation possible.

Overall, it’s a primary player in the world of online trading, and it offers a lot of tools and perks to make your trade as comfortable as potentially efficient. Therefore, whether you are a beginner, a seasoned trader, or just want to try CopyTrader – eToro may be an excellent broker to try.

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HF Markets in Germany

HF Markets is a primary-league online trading platform that has been providing services to traders all around the world for many years.

Due to the fact that HF Markets is licensed by CySEC, the FCA, and the DFSA, the corresponding financial authorities in Cyprus, the UK, and Dubai, it enjoys the trust of millions of clients building its trading environment on transparency and reliability.

HF Markets offers leverage of up to 1:30, depending on the instrument, as it is the maximum allowed leverage in compliance with regulatory measures. For the 1000+ instruments to choose from, the broker provides unbeatable conditions on precious metals.

 

AvaTrade in Germany

AvaTrade can surprise you with a huge selection of financial instruments, among which Forex, Cryptocurrencies, CFDs on stocks, commodities, indices, metals, and securities.

Broker is regulated by six international and regional financial authorities, including ASIC, FCA, and CySEC. 

In addition to web platforms with AvaTrade, you can also use a mobile app. If you want to have access to more than 1250 assets, and 24/7 multilingual support all over the globe, then AvaTrade may be your choice.

AVATrade is a broker that provides optimal working conditions for traders with any level of experience. It has such a useful platform as Copy Trading that enables you to copy the performance of successful traders you choose and gain with them the way they trade.

 

XM Group in Germany

XM Group is a popular Forex broker in Germany with over 1000 trading instruments that can be traded on the MT4/MT5 platforms. The broker also offers a convenient mobile application where you can trade on international markets with a single login on a demo or live account. In the application, users of the MT5 platform can manage their trading accounts and trade all the instruments offered by XM.

Traders can choose the most profitable trading account on unique terms with negative balance protection, good leverage, and tight spreads: Micro, Standard, XM Ultra Low, and Shares.

By registering and verifying an account with several TOP brokers in Germany, you can not only compare different trading platforms to find the most suitable one but also maximize the perks and benefits you get from different brokers. This will allow you to test many trading strategies and set the way to becoming a professional trader.

 

Top Forex brokers in Germany - FAQ

The list of the most popular instruments includes Forex pairs, commodities, securities, and indices. Also, some of the regulated brokers that we review in the article provide German traders with the ability to trade Сryptocurrencies as well.
Forex trading in Germany is legal. The German market is represented by both local brokers under the jurisdiction of BaFin and brokers with international licenses such as FCA, CySEC and ASIC. More often than not, many German Forex traders choose a regulated international Forex broker to be able to trade with higher leverage and enjoy other benefits. The brokers that we mention in our article provide the best conditions and a safe environment for trading, as they are represented by top-tier regulators and have millions of clients around the world.
In Germany this form of investment and trading has been possible since 2006. CFDs on commodities, Forex, Cryptocurrencies, indices, etc. are available to German traders. Much of the action is concentrated on major stock indexes with the bulk of trading being on the DAX. The brokers that we mention in this article provide a convenient trading platforms, customer Service 24/7 and are licensed by top regulators. Look through the article and find brokers that suit you best.
Cryptocurrency was officially permitted and recognized by the German authorities in 2013. In particular, such a Cryptocurrency as Bitcoin is especially popular. Besides, traders now also have access to different coins like ETH, XRP, DCH and EOS. In this regard, international licensed brokers that we've mentioned in the article provide safe and convenient purchase of Cryptocurrencies with a minimum commission.
Trusted international Forex brokers we mention in this article have some of the best trading conditions for German traders, convenient platforms, including mobile applications, free VPS services as well as many advanced trading tools such as Copy Trading, as well as the possibility of Cryptocurrency trading.