Best Brokers In Germany

Key Strength – XTB Has Tight Spreads And Costs

XTB offers tight and competitive spreads for most of the major pairs for online trading. Spreads for the standard forex trading account with no commission start from 0.70 pips on EUR/USD pairs and spreads for accounts with commission start from 0.30 pips for EUR/USD. Index CFDs start with spreads of 0.5 pips and 42 indices are on offer in total. Commodity CFD instruments start with 0.01 pips, and 22 commodities are available in total. Cryptocurrency trading pairs have a 0.5% of market price spread and with 25 cryptocurrencies available to trade as Bitcoin, Ethereum and more.

The tightest spreads can be found with the XTB pro account. This account type uses straight-through-processing (STP) execution to achieve low spreads with fast execution. With this account, you will pay €3.50 per lot side trip or €7 round-turn when trading forex. Cryptocurrencies will also incur a fee of €3.50 while Stock CFDs and ETD CFD commission starts at 0.08% per lot.

XTB Standard No Commission Spreads	EUR/USDAUD/JPYAUD/USDEUR/GBPGBP/USD	EUR/USDAUD/JPYAUD/USDEUR/GBPGBP/USD	EUR/USDAUD/JPYAUD/USDEUR/GBPGBP/USD	EUR/USDAUD/JPYAUD/USDEUR/GBPGBP/USD	EUR/USDAUD/JPYAUD/USDEUR/GBPGBP/USD
	0.70	0.30	1.30	1.30	2.20
	0.80	2.80	0.90	1.70	1.80
	1.20	1.50	1.10	1.20	1.70
	1.20	2.20	1.40	1.60	1.90
	0.62	1.50	0.77	1.27	0.83
	1.10	1.40	1.20	1.40	1.50
	1.20	1.80	1.30	1.60	1.40
	0.69	1.47	0.77	1.27	0.88
	1.20	1.50	1.40	1.40	1.50

Data taken from broker website. Accurate as at 01/09/2021

Compare All No Commission Accounts Spreads

If you don’t wish to pay commission costs when you trade, you may prefer a standard account type. This account has wider spreads compared to the Pro Account and therefore has a different cost structure.

XTB Commission Account Spreads	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPY	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPY	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPY	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPY	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPY
	0.30	0.50	0.60	0.60	0.50
	0.02	0.17	0.50	0.23	0.14
	0.10	0.20	0.70	0.30	0.20
	0.09	0.17	0.47	0.28	0.14
	0.20	0.20	0.50	0.50	0.20
	0.17	0.30	N/A	0.59	0.24
	0.20	0.40	0.60	0.60	0.30
	0.10	0.50	1.10	0.60	0.30
	n/a	0.50	0.70	0.30	n/a

Data taken from broker website. Accurate as at 01/09/2021

Compare All Commission Account Spreads

Below is information about each account. You will see both accounts offer 1:30 leverage, trading of lots from 0.1 and a choice of xStation and MT4 platforms. The only difference between the account types is that the Pro has a commission cost structure, and the Standard does not.

Active Trader Discount

XTB offers a program of active trader discount program, allowing you to earn discounts on spreads between 5% and 30% if you trade in certain volumes.

• To earn 5% spreads discount, you need to trade at least 20 lots
• To earn 10% spreads discount, you need to trade at least 50 lots in a period of 30 days
• To earn 20% spreads discount, you need to trade at least 300 lots
• To earn 30% spreads discount, you need to trade at least 1000 lots

Key Strengths 2 – XTB is A Multi-Award Winning Broker

XTB has received numerous awards and achievements which reflect the high level of service they offer. Awards they have one include:

• 2019 FinTech Business Awards – Finalist – Investment Innovator of the Year
• 2019 FinTech Business Awards – Finalist – Personal Finance Innovator of the Year
• CSS Design Awards – SPECIAL KUDOS
• Creative International Awards – SILVER
• Website of the day – Website Design Awards

• XTB Has Good Customer Support And Services

  XTB operates on 11 locations with offices in Europe and Asia and offers the following support:

  • Live Chat – Available 24 hours a day and 5 days a week
  • Email Support – 1 Day response time and available 7 days a week
  • Phone Number – Available 24 hours a day and 5 days a week.

  

Key Strength 3 – XTB Is A Leader In Forex Educational Content

XTB provides educational content from basic to advanced lessons with free courses, articles, and webinars. The educational courses cover 4 levels of experience with the basic package explaining the elementary lessons about Forex, the intermediate package to advance consisting of lessons of technical and fundamental analysis. Expert mode teaches you advanced techniques of trading, and the Premium package is made up of premium materials, including advice from the best traders.

XTB Summary

XTB offers low and competitive spreads and is one of the best German forex brokers offering low fees in the Forex market. To start trading a minimum deposit of $250 is required, while educational content provided is free for new traders helps to improve the trading skills.

XTB has the regulation of BaFin in Germany, in addition to the regulation by the Financial Conduct Authority (FRN 522157), CySEC, IFSC and KNF.

View XTB Review >>Visit XTB >>

Admiral Markets – Trade With MetaTrader 4 & 5 Platform

Admiral Markets offers a comprehensive experience with key strengths being:

1. MetaTrader 4 for Forex and CFD Trading
2. MetaTrader 4 Supreme Edition
3. Flexible Trading Accounts

Strength 1: MetaTrader 4 for Forex and CFDs Trading

The MetaTrader 4 (MT4) trading platform developed by MetaQuotes Software supplies the needs of millions of traders around the world. Admiral Markets clients can choose to download the MetaTrader 4 from the trading platform download centre in four different versions:

• Download MT4 for desktop (PC)
  
• Download MT4 for Mac
• Download MT4 for iOS
• Download MT4 for Android

The key difference between the standard MetaTrader 4 platform and the MT4 Supreme Edition is that the Supreme Edition is equipped with 60+ extra plug-ins and an advanced indicator package. Admiral Markets powers the MetaTrader 4 platform with the latest technology that ensures:

• Lightening-fast order speeds (90% of orders executed in less than 150 ms)
• STP order execution
• Including the price book and order book

The ADVFN International Financial Awards for the best forex platforms in 2019 recognizes and acknowledges Admiral Market’s efforts to provide forex traders with outstanding technical service.

The Admiral Markets MT4 platform allows you to start trading in over 4,000 global markets, including:

• Forex currency pairs (50 CFDs on FX pairs) with spreads from 0.0 pips and leverage up to 1:30
• Cryptocurrency CFDs (32 crypto pairs) with 1:2 leverage rate and over the weekend trading
• Index CFDs (43 global indices) with up to 1:20 leverage
• Share CFDs (3509 stocks) with 1:2 leverage
• Bonds CFDs (2 government treasury bonds) with 1:5 leverage
• ETFs CFDs (397 ETF contracts) with 1:5 leverage
• Commodities (27) with 1:20 leverage

Strength 2: MetaTrader 4 & MetaTrader 5 Supreme Edition

MetaTrader 4 and the Supreme edition boost your trading experience with the most advanced tools to improve your trading experience. The platform is designed to offer you to take full advantage of your skills of trading. Providing daily economic news and allowing you to analyze your trading results history in real-time. A package of the latest indicators gives you more chart information. Mini chart feature shows you small charts in different timeframes for a better analyzing experience of trading. Some of the most important features and tools are:

• Global Opinion Widget
• Mini Terminal
• Trade Terminal
• Real-time News
• 10+ indicators

Strength 3: Admiral Market Offers Flexible Trading Accounts

Admiral Markets allows you to choose from 4 types of trading accounts that allow you the flexibility to choose a trading arrangement that suits your preferences.

Two of these accounts are designed for traders that prefer to use the MetaTrader 4 trading platform. These are the ‘Trade MT4’ and ‘Zero MT4’ accounts. The other two accounts are for traders who prefer MetaTrader 5. These accounts are the ‘Trade MT5’ and ‘Zero MT5’ accounts.

The ‘Trade MT4’ and ‘Trade MT5’ accounts are commission-free accounts with spreads at least 0.5 pip wider for major currency pairs when compared to the ‘Zero’ accounts and closer to 1.0 (often 1.5 pips or more) pips for minor and exotic currency pairs, however, you will have the benefit of being able to choose from a greater range of CFDs compared to the ‘Zero’ accounts. These include bond, stocks, index futures, cryptocurrencies and spot agriculture. ETF CFDs are only available with ‘Trade MT5’ accounts.

Traders with the Zero Account will have tighter spreads and the following commissions fees, paying a commission of $1.80 USD to $3.0 USD depending on the volume traded.

The unique aspect of the Admiral Markets trading account is the flexibility allowed when it comes to trading currencies. You can make deposits from a wide choice of currencies, which will then be converted to the applicable currency. Admiral Markets even allows you to protect yourself from currency fluctuation by having multiple accounts simultaneously and will facilitate the transfer of funds between internal account via their platforms.

As Admiral Markets as regulated by Financial Conduct Authority (FCA), FRN: 595450 and Cyprus Securities and Exchange Commission (CySEC) license number 201/13 you can choose which regulator you wish to sign up with when joining Admiral Markets.

Summary

When you wish to trade with the MetaTrader platform and have a choice of trading account and base currencies, Admiral Markets presents a very solid option. You can start trading on the MetaTrader 4 and MetaTrader 4 Supreme Edition with a minimum deposit of USD $200.

Plus500 – Safer Trading With Risk Management

1. Friendly and easy-to-use platforms
2. Superb risk management
3. Unique CFD option

Strength 1- Friendly platform

Plus500 offers its custom CFD platforms for desktop and mobile to give you a comprehensive trading experience. The platform is designed to help you navigate easily between trading instruments, and clients can deposit funds quickly via the desktop application.

MetaTrader 4 cannot be integrated on Plus500 application, and algorithmic trading is not supported. The mobile trading app offers full functionality to monitor markets. The toggle switch from live account to demo account allows traders to practice trading quickly. The mobile app can be accessed from iOS devices, Android devices, and supports Windows phone apps.

Strength 2 – Plus500 provides  the best risk management

Plus500 offers excellent risk management tools to help traders manage the high risk of forex and CFD trading. Key risk tools to help protect your investments include guaranteed stop-loss orders (GSLOs) and guaranteed negative balance protection.

Electing to use a guaranteed stop-loss for a small fee incorporated into the spread ensures safety for your investments. Unlike other platforms, the Plus500 platform executes the stop-loss price at your specified price with no slippage. Guaranteed stop-loss orders are not available for all instruments.

Like all brokers that are overseen by a European regulator, Plus500 also offer guaranteed negative balance protection for retail investors. Negative balance protection means your trading account balance will never fall below $0. This feature is inclusive so you do not need to opt in or out when trading.

Note: A professional account is also available. Provided you meet two of the following requirements, you will be able to trade with higher leverage than retail traders but will lose automatic guaranteed negative balance protection.

• You made at least 10 significant transactions per quarter in the last year
• Your portfolio exceeds 500,000 EUR
• You have worked in the financial industry for at least 1 year

Strength 3- Unique CFD Options

Plus500 offers over 2,000 CFD trading instruments, including several unique options found with few online brokers.

Like most CFD providers, Plus500 offer cryptocurrencies, indices, forex and commodities however some uncommon options can be found such as hogs when trading soft commodities. CFDs (Contracts for difference) available include:

• 60+ Forex CFDs with leverage as high as 30:1 for major currency pairs
• Trade all the world’s biggest CFD Stocks on NYSE, NASDAQ and London Stock Exchange with leverage of 1:5
• Cryptocurrencies CFD including XRP, IOTA, Stellar, EOS, Bitcoin Cash ABC, Cardano, Tron, Monero is available with leverage as high as 1:2
• 24 Commodities including hogs, live and feeder cattle. Leverage is from 1:20

In addition to common financial instruments and CFDs, Plus500 offers some unique options, including the following financial markets:

• Crypto 10 CFD: A cryptocurrency index basked consisting of 10 cryptos
• Sector Indices CFD: Cannabis stock, battery and lithium, UK Brexit and real estate giants
• 23 National Stock Exchange CFDs such as Germany, Japan, France, Australia, Belgium and Sweden
• 400+ Options with leverage from 1:5
• 93 ETFs with leverage from 1:5

Summary
With risk management protections, Plus500 is the best CFD provider in Germany for traders wanting to trade with a level of safety. Plus500 range of markets for trading CFD also makes them an excellent choice for traders looking to invest in niche products that are not easily found with other brokers.

Plus500 is regulated in Germany with BaFin license and regulated also from the Financial Conduct Authority (FCA), CySEC, ASIC, MAS, and FSA.

View Plus500 Review >>Visit Plus500 >>

*Your capital is at risk ‘72% of retail CFD accounts lose money’

IG – Flexible Trading With CFD Range Of Markets

IG Markets is an established broker with nearly 50 years of experience providing brokerage services. Overseen by top-tier European financial authorities, IG Markets is seen as a trusted broker by 178,000+ customers around the world. As well as being licensed in Germany and overseen by BaFin, with register number 148759, the broker adheres to the strict regulation set by the Financial Conduct Authority in the United Kingdom.

Strength 1 -CFD Product Range

Customers trading with IG Markets gain access to over 17,000 financial instruments across a range of asset classes:

• Forex: Choose from nearly 100 major, minor, exotic and emerging Forex pairs with no commission and leverage up to 30:1
• Indices: Over 80 indices markets are available with fixed spreads from 0.4 pips from the following markets FTSE 100, Germany 30 and Wall Street
• Shares: 12,000+ global stocks CFD are available including all the most popular indices. German stocks can be traded from 5 Euros
• Commodities:26 raw commodities are available plus future contracts
• Cryptocurrency: 5 types of cryptocurrencies including Bitcoin and a Crypto 10 index
• Other Markets: Trade markets such as Options, ETFs, Interest Rates, Market Sectors and Bonds

With 45 years of operating and over 178,000 clients worldwide, IG is one of the world’s oldest foreign exchange brokers.

Strength 2

IG Markets provides customers with its own powerful trading platforms available via desktop platform or mobile trading apps, as well as offering a choice of other platforms.

The IG trading platform has the following key features:

• Clean and simple interface with an overview of market prices, spreads and leverage
• Risk protection features such as guaranteed stop-loss orders
• Optimised and transparent conversion charge when choosing currencies for trade
• Choice of Automatic Alert tools when price levels are triggered
• Automation of orders with conditional order setting
• 28 technical indicators
• 4 timeframes from a single chart
• Tick by tick to monthly performance timeframe analysis
• Fast execution – IG platform handles 7 million orders each month from 130,000 users.
• Partial fills to minimise chances of rejection for large order sizes.

Other platforms include ProRealTime Order, which is known for its range of charts and indicators and MetaTrader 4, which is the world’s most popular trading platform. The financial regulator deems CFDs as MiFID complex instruments, but safe enough to be traded by retail investors.

View IG Markets Review >>Visit IG Markets >>

eToro – Copy The Best With Social Trading

eToro’s social-copy trading platform has quickly become one of the leading account mirroring services worldwide. The social newsfeed copy trader system offers a generational social trading platform. With mobile and desktop trading access, eToro provides social-copy trading to over 10 million users from 140 countries around the world.

Strength – Social Trading

eToro’s social-copy trading network and platform allow retail investors to copy the trading strategies of experienced traders. Customers can follow and copy the trades of eToro’s ‘Popular Investors’ that suit their risk profile and financial instruments. To choose Popular Investors, eToro customers can view their trading history and success, along with location and risk levels.

Additionally, traders can choose to invest in CopyPortfolios. Available as a bundle of eToro’s top-performing investors or as a mix of different financial instruments and asset classes, the portfolio management service allows traders to minimise the time spent researching Popular Investors to follow and copy.

eToro offers a wide range of instruments including crypto, ETFs, Stocks, Indices, Commodities and Forex currencies.

CMC Markets – Start With No Minimum Deposit

CMC Markets – Start With No Minimum Deposit

Strength 1 – No Minimum Deposits

CMC Markets is a fully regulated broker offering competitive spreads and wide market access. With the broker’s CFD account, traders can open a trading account with no minimum deposit. Most brokers have minimum deposit requirements often in the range of $200 or higher because they only want serious traders who will trade amounts that will give the broker decent profits, however, brokers may want a $0 deposit account for the following reasons:

• You simply want to open an account to access the features the broker offers, such as educational tools or support desk
• You want to open an account but wish to commence trading at a later point in time
• You wish to open an account and transfer the funds from another account
• You need an account to access the demo platforms
• You wish to deposit only a small amount so you can trade in micro or mini lots

Strength 2 – CMC CFD Product Range

Customers can choose between two accounts. The first account is called “Next Generation Account” as it uses the broker’s proprietary trading platform, Next Generation. The other account is MetaTrader 4 (MT4) account. Next Generation is a fully customisable platform available on iPad, iPhone, Android and desktop, while MT4 is offered as a desktop, web trader or mobile app platform.

CMC Markets customers can trade over 10,000 CFD products covering asset classes such as Forex, indices, crypto, treasuries, shares, ETFs and commodities.

To take full advantage of these CFD instruments, you will want to select the “Next Generation Account” as only 50 or so trading instruments are available with the MT4 account. Cryptocurrencies and ETFs are no available on MT4, for example.

Features the CMC Markets account include:

• Advanced charting and technical analysis tools
• Multiple order types including Guaranteed Stop Loss Orders
• Client sentiment data and pattern recognition software (Next Generation)
• Forex spreads as low as 0.3 pips on major currency pairs
• Cash rebates for CFD and Corporate accounts.
• Educational resources including seminars and webinars
• Real-time market news

With offices in Frankfurt, the financial capital of the Eurozone, CMC Markets Germany GmbH is a company licensed and regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) under registration number 154814. Along with the BaFin licence, CMC Markets hold licences in four additional tier-1 jurisdictions: UK’s FCA, Australia’s ASIC, Canada’s IIROC and New Zealand’s FMA.

View CMC Markets Review >>Visit CMC Markets>>

HYCM – Best For MetaTrader 5

HYCM is one of the most recognized names in the Forex trading industry with more than 40 years of experience. HYCM offers access to 140 countries with BaFin regulation in Germany and also licensed by the Financial Conduct Authority of the UK (FCA), Cyprus Securities and Exchange Commission (CySEC) within Europe, which makes it fully MiFID compliant.

Strength 1 – MetaTrader 5

Those trading CFDs and forex with MetaTrader 5 and HYCM can enjoy a range of advanced trading tools. The third-party trading platform is well known for its Expert Advisor features, where traders can develop automated trading strategies using the MQL5 programming language, or download others’ EAs from the MetaTrader marketplace. Additionally, MT5 users can utilise the trading platforms:

• Multi-asset product range, including shares
• Automated trading with Expert Advisors and Trading Signals
• Multi-thread, multi-currency backtesting
• Ultra-fast execution
• Extensive technical analysis tools
• Multiple order types to manage the high risk of CFD trading

Strength 2 – Account & Fees

HYCM offers three account types of trading: Fixed, Classic, and Raw. Fixed accounts have fixed spreads from 1.8 pips with no commission. Classic account holders gain access to variable spreads 1.2 pips with no commission, while raw account holders can trade spreads as low as 0.2 pips while paying a commission of $4 USD per round.

Strength 3 – Deposit & Withdrawal

All deposit and withdrawal methods are free of charge when trading forex and CFDs with HYCM. A variety of methods are available, with a low initial minimum deposit of  $100 required to start trading. HYCM offers deposit and withdrawal of funds with Bank Wire, Credit Card (Visa/Mastercard), WebMoney, Neteller and Skrill.

View HYCM Review >>Visit HYCM >>