As in all EU countries, forex brokers in Germany are regulated by both the national regulator - BaFin in the case of Germany - and the EU regulator known as the European Securities and Markets Authority (ESMA). Thanks to this system, forex brokers in Germany must adhere to the strict ESMA regulations pertaining to things like negative balance protection and maximum trading leverage for non-professional traders.
As one of the largest countries in Europe, Germany has a sizeable forex trading community on its own. In addition to serving these traders, forex brokers in Germany also serve traders in many other European countries from their German branches.
XTB Group (2004)
Leverage: up to 1:200
Deposit: from 250 USD
Spreads:
FXCM (1999)
Leverage: up to 1:400 *
Deposit: from 50 USD
Spreads:
CMC Markets (1989)
Leverage: up to 1:500 *
Deposit: from 200 USD
Spreads:
GKFX (2010)
Leverage: up to 1:1000
Deposit: from 50 USD
Spreads:
Pepperstone (2010)
Leverage: up to 1:200
Deposit: from 200 AUD
Spreads:
JFD Bank (2011)
Leverage: up to 1:400 *
Deposit: from 500 USD
Spreads:
MultiBank Group (2005)
Leverage: up to 1:500
Deposit: from 50 USD
Spreads:
FxFlat (1997)
Leverage: up to 1:30
Deposit: from 200 EUR
Spreads:
GBE Brokers (2015)
Leverage: up to 1:30
Deposit: from 500 USD
Spreads:
EuropeFX (2017)
Leverage: up to 1:30
Deposit: from 1000 EUR
Spreads: