What is the best forex broker in Germany?
How this answer was verified
- Cross-checked against broker-published fact sheets, regulator licensing databases, and ESMA product intervention notices.
- Reviewed by the FX-Brokers EU editorial desks (Markets, Platforms, Regulation). Desk structure disclosed at /about/editorial-desks.
- Refreshed quarterly. The most recent verification date is shown above. Read our methodology.
Related
What is BaFin and which forex brokers are regulated by it?
BaFin (Bundesanstalt fur Finanzdienstleistungsaufsicht) is the German federal financial supervisor, widely considered the strictest EU regulator. Pepperstone, IG, OANDA, CMC Markets and Admirals hold BaFin licenses. BaFin regulation is often preferred over CySEC by risk-conscious EU traders.
Pepperstone vs IG — which is better?
IG suits experienced traders with broader instrument range (17,000+ markets) and stronger institutional pedigree (LSE-listed since 2000). Pepperstone wins for active forex traders with tighter raw spreads (from 0.0 pips), zero minimum deposit, and faster execution. For pure forex pick Pepperstone; for multi-asset pick IG.
What is the best forex broker in Europe in 2026?
Our editorial team's top pick for EU traders in 2026 is Pepperstone (9.3/10), followed by IG (9.2/10) and XM (9.0/10). Pepperstone wins on BaFin regulation, a zero minimum deposit and raw 0.0-pip spreads. IG offers the broadest market coverage with 17,000+ instruments. XM adds CySEC cover and strong education. Exness, though highly rated globally, closed EU/EEA retail onboarding in 2019 and does not accept EU residents, so it is excluded from EU shortlists.