Forex brokers in Germany are regulated by the national financial regulator BaFin, in German known as Bundesanstalt für Finanzdienstleistungsaufsicht. This is a highly respected and experienced regulator in Europe, which also oversees the broader financial industry, including insurance companies, banks, and all types of financial services providers.
German forex brokers mainly serve local German forex traders, which there are many of. However, a forex broker is not required to be regulated by BaFin to offer its services in Germany. As an EU country, Germany also recognizes forex broker licenses from any other EU member state. Many forex brokers therefore cater to German traders without necessarily being regulated by BaFin.