Forex brokers in Germany are strictly regulated by the German regulator Bundesanstalt für Finanzdienstleistungsaufsicht, which internationally is better known as BaFin. As in all EU countries, BaFin works in close cooperation with the European Securities and Markets Authority (ESMA), which is responsible for overseeing securities trading in all of the EU.
Because of the strict regulatory regime in Europe, local German-regulated entities of forex brokers do not offer very high leverage at all. However, some of the brokers that operate in Germany may also have entities that are registered and regulated in other countries outside of the EU, such as in Australia or typical offshore jurisdictions in the Caribbean. Fortunately, some of these brokers also allow EU-based traders to sign up and trade directly with these foreign-registered entities.