CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.

Broker Dossier

Federal Financial Supervisory Authority (Germany)

Our tier
Tier 1
Jurisdiction
EEA
Public register
Open the official register

BaFin is Germany’s integrated financial supervisor. Investment firms it authorises can serve clients across the European Economic Area under EU passporting rules.

What it means for a retail trader

EU-wide rules apply: leverage capped at 30:1 on major currency pairs, negative balance protection, a standardised risk warning and a ban on trading bonuses for retail clients. German investor compensation covers 90% of an eligible claim up to €20,000.

How to check a firm

Search the firm’s legal name or licence number on the official register linked above. Confirm that the name, the number and the website on the register match the firm you are dealing with, and that its permissions cover the product you want to trade. Clone firms often borrow a real firm’s name and number but use a different web address.

Brokers in our database with a BaFin licence

BrokerDossier ScoreEntity serving youMin. depositPlatformsActions
CMC Markets Founded 1989 Listed 91 CMC Markets UK plc FCA #173730 Tier 1 $0 Own platformMT4TradingView Review Visit site
IG Founded 1974 Listed 60 IG International Limited BMA Tier 3 (offshore) — Own platformMT4TradingView Review Visit site
Pepperstone Founded 2010 54 Pepperstone Markets Limited SCB #SIA-F217 Tier 3 (offshore) $0 MT4MT5cTraderTradingView Review Visit site

Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.