Forex regulation in Germany
This page explains the authorities and public records connected with retail forex and CFD activity in Germany. Rules can depend on the product, legal entity, client type and location.
Regulatory overview
BaFin supervision, MiFID II rules and 1:30 leverage.
Authorities
Broker records
| Broker | Authority | Licence | Status | |
|---|---|---|---|---|
 CMC Markets 8.5/10 | BaFin | 154814 | Review pending | View licence record |
 IG 8.5/10 | BaFin | 148759 | Review pending | View licence record |
 Libertex 8.3/10 | BaFin | Not confirmed | Review pending | View licence record |
 Pepperstone 8.0/10 | BaFin | Not confirmed | Review pending | View licence record |
 Trading 212 7.7/10 | BaFin | Not confirmed | Review pending | View licence record |
Client protections
Under BaFin
- Client-money rules
- Applies in limited circumstances
- Capital requirements
- Varies by licence
- Negative balance protection
- Not confirmed
- Leverage restrictions
- Applies to eligible retail clients
- Compensation scheme
- Potentially available subject to eligibility
- External dispute resolution
- Not confirmed
- Risk disclosures
- Required for relevant firms
- Reporting or audit
- Required for relevant firms
Complaint routes
We have not confirmed a public complaint-submission route for an authority in Germany. Check the official website and the broker's governing documents.
Official warnings
No official warnings connected with Germany are recorded.
Frequently asked questions
Is forex trading regulated in Germany?
BaFin is the authority on record for Germany. BaFin supervision, MiFID II rules and 1:30 leverage.
Does a foreign licence protect a trader in Germany?
Only when the account is legally contracted with the licensed entity and the licence permits the relevant service. A broker brand may operate several entities, and the protections follow the entity that signs the account agreement, not the brand.