Germany is a big player in the world of business and economics, so it's no surprise that the country has a thriving CFD market. If you're looking for the best CFD brokers in Germany, look no further! In this article on AtoZ Markets, we will recommend some of the top brokers in the country and discuss what makes them stand out from the competition. So whether you're a seasoned trader or just starting out, read on to find out which brokering service is right for you.
How to Choose CFD Brokers in Germany?
When it comes to choosing a CFD broker in Germany, there are a few things you need to take into account. The factors you need to consider are regulations, trading platforms, products, cost and customer support. Let's take a closer look at each one.
Regulations: Germany is part of the European Union, which means that brokers operating in the country need to be regulated by the German financial regulator, BaFIN. Make sure that your broker of choice is regulated by BaFIN before you open an account.
Trading platforms: The trading platform is the software that you will use to place trades. Some brokers offer their own proprietary platform, while others use popular platforms like MetaTrader. Make sure that you test out the platform before you commit to an account.
Products: CFD brokers offer a wide range of underlying assets that you can trade. These include forex pairs, stocks, indices, commodities and more. Make sure that the broker you choose offers the assets that you are interested in trading.
Cost: CFD brokers make money by charging a spread on each trade. This is the difference between the bid and ask price of an asset. Make sure that you compare the spreads offered by different brokers before you decide on one.
Customer support: When you are trading, you will need customer support at some point. Make sure that the broker you choose offers excellent customer support. You should be able to get in touch with them easily and they should be able to answer your questions promptly.
These are just a few of the things you need to take into account when you are choosing a CFD broker in Germany. Make sure that you do your research and compare different brokers before you decide on one.
Best CFD Brokers in Germany
Choosing a reliable CFD broker is a time consuming task. We have made your work easier. By doing extension research, we have shortlisted four German CFD Brokers that are regulated by The Federal Financial Supervisory Authority (BaFin).
Multibank is one of the leading financial services providers in Germany. The company offers a wide range of products and services, including CFD trading. Multibank is regulated by the German Financial Supervisory Authority (BaFin) and offers its clients a safe and secure platform to trade on.
MultiBank Group consists of several companies that are heavily controlled across five continents by ten financial regulators across a variety of areas, ensuring protection for investors.
Australia: MEX Australia is governed through the Australian Securities & Investments Commission with AFSL numbers 416279.
Germany: The broker is regulated by The Federal Financial Supervisory Authority (BAFIN) with license number HRB 73406.
Austria: MEX Asset Management GmbH -Austria branch is licensed and regulated under the Financial Markets Authority (FMA) under licence number 491129z.
Cayman Islands: MEX Atlantic Corporation is licensed and controlled through CIMA. Cayman Islands Monetary Authority (CIMA) with license number 1811316.
British Virgin Islands: Multibank FX International Corporation is licensed and controlled under the Financial Services Commission of the British Virgin Islands (FSC) under license number SIBA/L/14/1068.
Hong Kong: Red Rock Pay Ltd is licensed and is regulated under the supervision of Hong Kong Customs and Excise (HKCE) Department under license number 18-11-02612.
Singapore: MEX Global Markets PTE. LTD. is authorized and controlled through Singapore's Monetary Authority of Singapore (MAS) with license number CMS101174.
Pacific Region: MEX Pacific (V) Ltd is licensed and regulated by Vanuatu Financial Service Commission (VFSC) and has a license number 700443.
Multibank Trading Platforms
Traders can choose a platform among a list of trading platforms of MultiBank Group. They offer the following trading platforms.
MultiBank offers Forex, Metals, Shares, Indices, Commodities and Cryptocurrencies.
MultiBank provides 55+ major, cross, and exotic currency pairs, and gives the tightest spreads. Their EUR/USD spreads start from 0.0 pip in an ECN account. If you are a mental lover, MultiBank has Gold, Silver with 7 CENTS Tightest spreads on Gold, 3 CENTS Tightest spreads on Silver. MultiBank offers CFDs on stocks. They have 20,000 equities of the largest multinational companies listed on the top stock exchanges in the world.
MultiBank has major indices from all over the world. You can trade major indices like US30, SP500, DE30, UT100, UK100, AUS200 and more. They provide 16 major commodities by CFDs. Spreads start with zero pip and have lower margin. Multibank offers Crypto-Fiat pairs for trading. For example, they have BTC/USD (Bitcoin), ETH/USD(Etherium), LTC/USD (LiteCoin), RPL/USD (Ripple) and more.
MultiBank offers three types of accounts. Standard, Pro, ECN accounts and Demo accounts. All account types support Social Trading.
They have Islamic accounts for Shares, Crypto, Indices and Commodities. Swap Free account is only available with Standard account. They also have a Mex Sports account exclusively for the MT5 platform.
For Forex, spreads start from zero in an ECN account and vary according to your account type.
MultiBank provides 1.500 leverage on forex and metals. For shares 1:20, For Indices 1:100, for crypto 1:20
Read More: Best Forex Brokers in Germany 2023
Costs of MultiBank
They do not have any commission for Standard and Pro accounts but for ECN accounts they charge €3 per lot.
They have a wide range of deposit methods including bank transfers and cards.
Minimum withdrawal amount is €50 for card and online and for bank transfer it's €100. They do not have any deposit or withdrawal fees.
Deposit and Withdrawal time vary depending on the payment methods as they have so many methods.
MultiBank Customer Support
Trading requires a lot of customer support from brokers. They provide 24/7 support which is really amazing. Their customer support is available via Whatsapp, form filling, live web chat and 24/7 phone call. We found their web chat very responsive.
Multibank Pros & Cons
√ They offer 20,000+ assets
√ Low spreads from 0 pips and maximum leverage of 1:500
√ They have MAM/PAMM accounts and proprietary copy trading platform
√ Multibank provides ECN trading with deep liquidity and no re-quotes
- Scalping is not allowed on Multibank
- They have limited education resources
Want to try Multibank? You can do so by clicking the following link:
Fxflat is a German online broker that offers CFD trading on a variety of assets, including forex, indices, commodities, and shares. The company is regulated by BaFin and offers its clients a safe and reliable platform to trade on.
FXFlat Wertpapierhandelsbank GmbH is regulated and supervised by the Federal Agency for Financial Services Supervision (BaFin).
The BaFin regulation also enables the broker to offer its services beyond Germany to other EU countries via the MiFID II directive.
Fxflat Trading Platforms
Fxflat offers multiple trading platforms that include MetaTrader 4 and 5, Web Trader, Mobile Trader, MetaTrader 4 Multi Terminal, AgenaTrader, Trader Workstation (TWS), TWS for Android and iOS.
Fxflat offers Forex CFDs, Futures, Spot Forex, CFD individual shares, Index CFDs, Crypto CFDs, CFD Commodities, CFD Euro Bund, and ETF CFDs on MetaTrader account. On Trader Workstation account, Fxflat offers share & EFTs, Forex CFDs, Options & Futures, Forex, Warrants & Certificates, and Interest.
If you are also into Forex trading, we recommend you the following three forex brokers.
Cost of Fxflat
Deposits and withdrawals in the MetaTrader and TWS platforms are free but a minimum amount of €50 applies for deposits. A swap rate will also apply to overnight positions.
FXFlat does not charge deposit fees or inactivity fees on its trading platforms. No withdrawal fees are charged as well.
Trading commissions vary depending on instruments and types of accounts you have.
Fxflat Customer Support
The customer support of Fxflat is excellent. They are always willing to help and answer any questions you may have. The live chat is available 24/ hours a day, five days a week. You can also reach them by phone or email. The response time is quick, and they are very knowledgeable. Overall, the customer support of Fxflat is excellent.
Fxflat Pros & Cons
√ They have competitive spreads.
√ The accounts are insured by Lloyd's of London.
√ They don't have any inactivity or account maintenance costs.
√ CFDs, spot forex and futures trading is available through MetaTrader.
√ Withdrawals and deposits are both completely free.
- Only one currency of base (the Euro).
- Islamic accounts aren't accessible.
- Fxflat isn't equipped with research materials.
Want to try Fxflat? You can do so by clicking the following link:
Flatex is a German online broker that offers CFD trading on a variety of assets, including forex, indices, commodities, and shares. The company is regulated by BaFin and offers its clients a safe and reliable platform to trade on.
Flatex is a Multi licensed and regulated European CFD broker. They are regulated by the following regulatory authorities:
Germany: Flatex is regulated by the German Federal Financial Supervisory Authority (BaFin).
UK: Flatex is licensed and regulated by Financial Conduct Authority (FCA).
Australia: Flatex is regulated in Australia by Australian Securities & Investments Commission (ASIC).
Flatex Trading Platforms
Flatex offers two main types of trading platforms: the web-based flatex Trader and Flatex Trader 2.0.
The web-based flatex Trader is designed for beginners and casual traders. It’s easy to use and has a clean, simple interface. The platform is fully customizable, so you can set it up to suit your trading style.
Flatex trader 2.0, on the other hand, is a more advanced platform that offers a wider range of features and tools. It is designed for more experienced traders who need more than just the basics.
Both platforms have their own strengths and weaknesses. It ultimately comes down to what you need and want from a trading platform. Do your research and decide which one is right for you.
Flatex's mobile trading platform is available on both iOS and Android, we tested it on Android.
Flatex provides a range of products and services, including banking, brokerage, and investment products. The company offers a variety of banking products, such as shares, CFDs, derivatives, ETFs, Crypto, Loans. and Fund.
Flatex offers three types of accounts: Individual, Joint, Company account
Cost of Flatex
There is no minimum deposit at Flatex. This is a good feature when you want to trade smaller amounts. Flatex's CFD fees are average, while mutual fund and bond fees are low. Flatex's trading fees are high for Forex, stocks, and ETFs.
Commissions for stocks and ETF trades with €2,000:
US stocks - €17.5
German stocks - €6.5
Flatex Customer Support
Flatex has great telephone support in German.
The email support also provides relevant answers. The speed is great too as we received responses within 1 day.
If you are already a Flatex user, customer service is available Monday through Friday GMT+1 time zone from 8 am to 10 pm . If you are not yet a customer, the opening time is Monday through Friday from 8 am to 8 pm. They don't have a live chat service.
Flatex Pros & Cons
√ Flatex has low stock, ETF, fund and bond fees
√ The company has very strong background
√ Great educational tools
- Flatex only offers bank transfer for deposits and withdrawals
- Flatex has high forex fees and margin rates.
Want to try Flatex? You can do so by clicking the following link:
Pepperstone is a global online broker that offers CFD trading on a variety of assets, including forex, indices, commodities, and shares. The company is regulated by the BaFin in Germany and offers its clients a safe and secure platform to trade on.
Pepperstone is a multi-licensed forex broker. The broker is controlled with the help of the following authorities.
United Kingdom: Pepperstone is licensed and is regulated through the Financial Conduct Authority (FCA) in the UK.
Germany: Pepperstone GmbH is licensed and regulated by the German Federal Financial Supervisory Authority (BaFin).
Australia: The broker is regulated by Australian Securities and Investments Commission (ASIC) in Australia.
Dubai: Pepperstone is regulated by the Dubai Financial Services Authority (DFSA).
Global Pepperstone Markets Limited is located at Sea Sky Lane, B201, Sandyport, Nassau, New Providence, The Bahamas and is licensed and controlled by The Securities Commission of The Bahamas,( SIA-F217).
Pepperstone is also controlled in the form of CMA, and CySEC.
Pepperstone Trading Platforms
Pepperstone provides MetaTrader 5 and 4, as well as cTrader to facilitate Forex transactions across Thailand. MT4 and MT5 provide industry-standard features that all brokers offer.
cTrader of Pepperstone offers the environment that is ideal for institutional trading. CTrader is the best platform for those beginning their journey into trading. It also lets you fill orders using advanced cTrader functions.
Pepperstone also offers Social trading facilities via myfxbook as well as DulpiTrade.
Pepperstone provides 60+ currencies with low spreads and more than 24 CFD cryptocurrencies, Stock CFDs of AU, US, UK and German shares, ETF CFDs, Index CFDs, as well as Commodities.
Pepperstone offers two kinds of accounts for Thailand traders. 1. Razor Account 2. Standard Account. The broker provides leverage of 1:500 to Forex trading.
Cost of Pepperstone
The initial minimum deposit for Pepperstone is €200. The minimum amount for withdrawal is €20. The deposit or withdrawal charge, except for the transfer to a bank account.
Standard Account does not have a commission but spreads are very high. On the other hand, Razor spreads for accounts start at zero pip. Commission is €7 for a standard lot.
Pepperstone Customer Support
Pepperstone can be reached any time, via a variety of ways, including e-mail, phone, and Live chat directly. Live chat is the first option to use. You'll be greeted by an automated chatbot. If the bot isn't in a position to answer your queries then you'll be offered the option to speak to an agent in live chat.
Read Full Review of Pepperstone
Pepperstone Pros & Cons
√ Access to more than 60 foreign exchange pairs.
√ Leverage is available to both forex and cryptocurrency traders
√ An array of instructional tools and courses that professionals and novices will take advantage of.
√ 24/7 customer service
- The broker isn't currently accessible to U.S. traders.
- It is not possible to purchase stocks, bonds and mutual funds on the spot, only CFDs are available.
Want to trade with Pepperstone? You can do so by clicking the following link:
So, there you have it – our top four CFD brokers in Germany. We hope this has helped make your decision a little easier, but if you still haven’t decided which broker is right for you, why not check out their websites and see what each one has to offer? Multibank, Fxflat, Flatex and Pepperstone are all reputable brokers with years of experience in the industry, so whichever one you decide on, you can be sure that you’re getting quality service. And don’t forget – we always love hearing about people’s experiences with different brokers, so if you have any feedback (positive or negative), please share it with us in the comments section below. Which forex broker you like the most.
Best CFD Brokers in Germany 2023
Next Read: Best Forex Brokers in Europe 2023