Last update: 4 April 2020
5 min read

Forex Brokers Regulated by BaFin

BaFin is a highly independent and autonomous regulatory organization that regulates the operation of banks, financial services companies, insurance firms, and different types of financial undertakings in Germany. BaFin is also known as the Federal Financial Supervisory Authority, or Bundesanstalt für Finanzdienstleistungsaufsicht (BiFin) in German. The organization was formed in 2002, and can be attributed as one of the strictest regulatory authorities in the world that have a rigorous set of rules and guidelines that determine the operational protocols for companies dealing in financial services.
BaFin is quick to respond to financial frauds and updates its rulebook constantly to fight financial crimes and client abuse. This makes BaFin the most respected and reliable regulatory agency in the financial markets. Most consumers also find BaFin regulated brokers to offer consistent results when it comes to top-quality services and safety of client funds. BaFin is funded entirely through the fees and contributions made by member companies, and do not use federal funds in any manner.

BaFin Forex Brokers Are Regulated & Audited To The Highest Standards

BaFin forex brokersBaFin is supervised by the German Federal Ministry of Finance, which guarantees that the organization delivers excellent oversight into regulating and auditing member companies to the highest quality standards. All types of BaFin Forex brokers should comply with the regulatory guidelines under the German Securities Trading Act, and it is the responsibility of BaFin to monitor the activities of companies to ensure that they do not deviate from the standard protocols. This has enabled BaFin to gain trust and confidence among consumers, as they have been successful in reducing the amount of financial fraud when compared to other regulatory agencies in the EU zone.
All BaFin regulated brokers should also submit periodic financial reports by performing internal audits through third party service providers. Every broker should show a proof of minimum capital that is kept apart in the case of an emergency. These funds are kept in segregated German bank accounts under the watchful eye of BaFin and its senior members. BaFin is strict in its regulations to ensure that a broker can be easily liquidated if the need arises, and the solvency will not affect the client funds in any manner.
BaFin has also been known to be proactive during the financial crisis of 2007-08 by banning short selling of stocks to prevent a landslide drop in the German economy, similar to what the CFTC did for the US economy. This helped in preventing catastrophes, and the law stayed active until 2010. While this was done to protect the economy, such kinds of restrictions adversely affected traders and investors who expect complete freedom and flexibility from the open markets.

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
90
Points
Users
Used by
300,000+ Traders
Min. Deposit
$10
Bonus
100%
Help!
Loyalty deposit bonus Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Bitcoin
Min. Spread
0.4 pips
Max. Leverage
1:500
Currency Pairs
60+
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$5
Bonus
30%
Help!
Applies to deposits over $100 (Limited time offer) Exit tooltip
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
No Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Wire Transfer, VISA, Mastercard, Maestro, Skrill, Union Pay, Neteller, Webmoney, Fasapay, Perfect Money, Bitcoin
Min. Spread
0.4 pips
Max. Leverage
1:1000
Currency Pairs
60
Regulated By
FSCFSC
Customer Support
24/5
95
Points
Users
Used by
14,000,000+ Traders
Min. Deposit
$10
Bonus
N/A
Trading Instruments
100+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller
Min. Spread
0.6 pips
Max. Leverage
1:30
Currency Pairs
35+
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
300,000+ Traders
Min. Deposit
$10
Bonus
100%
Help!
Loyalty deposit bonus Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Maestro, Fasapay, Skrill, Web Money, Qiwi, Perfect Money, Bitcoin
Min. Spread
0.4 pips
Max. Leverage
1:500
Currency Pairs
60+
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:30
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
95
Points
Users
Used by
14,000,000+ Traders
Min. Deposit
$10
Bonus
N/A
Trading Instruments
100+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller
Min. Spread
0.6 pips
Max. Leverage
1:30
Currency Pairs
35+
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:30
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
57
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
50
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
11/5
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5
92
Points
Users
Used by
900,000+ Traders
Min. Deposit
$50
Bonus
50%
Help!
On Every Deposit Exit tooltip
Trading Instruments
48+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
No Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, FasaPay, PayTM, Local banks
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
28
Regulated By
CySecCySec
FSA(SVG)FSA(SVG)
Customer Support
24/5
91
Points
Users
Used by
300,000+ Traders
Min. Deposit
$10
Bonus
100%
Help!
Loyalty deposit bonus Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, VISA, Mastercard, Maestro, Skrill, Neteller, FasaPay, Perfect Money, QIWI, WebMoney, Bitcoin
Min. Spread
0.4 pips
Max. Leverage
1:500
Currency Pairs
60+
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
90
Points
Users
Used by
650,000 Traders
Min. Deposit
$50
Bonus
50%
Help!
For deposits up to $500 Exit tooltip
Trading Instruments
50+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Fasapay, UnionPay
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
40+
Regulated By
FCAFCA
ASICASIC
CIMACIMA
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
50
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
11/5
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5
99
Points
Users
Used by
650,000 Traders
Min. Deposit
$50
Bonus
50%
Help!
For deposits up to $500 Exit tooltip
Trading Instruments
50+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Fasapay, UnionPay
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
40+
Regulated By
FCAFCA
ASICASIC
CIMACIMA
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Crypto, TC Pay Wallet, Perfect Money, Bitcoing and many more
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
57
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Visa, Mastercard, Maestro, Fasapay, Skrill, Web Money, Qiwi, Perfect Money, Bitcoin
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
50
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
11/5
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0 pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
13,000,000 Traders
Min. Deposit
$1
Bonus
100%
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN /STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa
Min. Spread
0 pips
Max. Leverage
1:3000
Currency Pairs
35+
Regulated By
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0 pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
13,000,000 Traders
Min. Deposit
$1
Bonus
100%
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN /STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa
Min. Spread
0 pips
Max. Leverage
1:3000
Currency Pairs
35+
Regulated By
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
57
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Loyalty Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0.4 pips
Max. Leverage
1:1000
Currency Pairs
60
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
24/5
92
Points
Users
Used by
13,000,000 Traders
Min. Deposit
$1
Bonus
100%
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN /STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa
Min. Spread
0 pips
Max. Leverage
1:3000
Currency Pairs
35+
Regulated By
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
57
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
50
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
11/5
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0 pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
94
Points
Users
Used by
13,000,000+ Traders
Min. Deposit
$1
Bonus
100%
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN /STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa
Min. Spread
0 pips
Max. Leverage
1:3000
Currency Pairs
35+
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5
92
Points
Users
Used by
900,000+ Traders
Min. Deposit
$50
Bonus
50%
Help!
On Every Deposit Exit tooltip
Trading Instruments
48+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
No Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, FasaPay, PayTM, Local banks
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
28
Regulated By
CySecCySec
FSA(SVG)FSA(SVG)
Customer Support
24/5
91
Points
Users
Used by
300,000+ Traders
Min. Deposit
$10
Bonus
100%
Help!
Loyalty deposit bonus Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, VISA, Mastercard, Maestro, Skrill, Neteller, FasaPay, Perfect Money, QIWI, WebMoney, Bitcoin
Min. Spread
0.4 pips
Max. Leverage
1:500
Currency Pairs
60+
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
90
Points
Users
Used by
650,000 Traders
Min. Deposit
$50
Bonus
50%
Help!
For deposits up to $500 Exit tooltip
Trading Instruments
50+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Fasapay, UnionPay
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
40+
Regulated By
FCAFCA
ASICASIC
CIMACIMA
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Crypto, TC Pay Wallet, Perfect Money, Bitcoing and many more
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
57
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Wire Transfer, VISA, Mastercard, Maestro, Skrill, Union Pay, Neteller, Webmoney, Fasapay, Bitcoin, Perfect Money
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
50
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
11/5
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0 pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
93
Points
Users
Used by
900,000+ Traders
Min. Deposit
$50
Bonus
50%
Help!
On Every Deposit Exit tooltip
Trading Instruments
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, FasaPay, PayTM, Local banks
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
28
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/5
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
57
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Visa, Mastercard, Maestro, Fasapay, Skrill, Web Money, Qiwi, Perfect Money, Bitcoin
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
50
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
11/5
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0 pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
94
Points
Users
Used by
13,000,000 Traders
Min. Deposit
$1
Bonus
100%
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN /STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa
Min. Spread
0 pips
Max. Leverage
1:3000
Currency Pairs
35+
Regulated By
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Why BaFin is Different From Other Regulatory Agencies In The EU

Most regulatory agencies in the EU work under the directive of MiFid. Agencies such as the FCA, CySEC, and even the ASIC in Australia do not offer any mediating services; neither do they entertain direct consumer complaints. BaFin, on the other hand, encourages consumers to contact BaFin in relation with any complaint that they face from member firms regulated under the BaFin regulatory authority. BaFin offers consumer hotline numbers that work during regular hours on all working days through a team of dedicated support staff. Consumers are offered assistance to ensure that most problems are resolved out of the court, and member companies of the BaFin also prefer settling disputes through an ombudsman or third party mediation.
BaFin is not only responsible for the upkeep of consumer interests, but BaFin also looks after the integrity of member companies as well. This is what makes BaFin stand out from the rest of the crowd, as they give equal importance to both financial firms as well as individual consumers. This ensures that there is a great balance between the buyer and seller, which is vital towards maintaining a healthy economy.

So, Is BaFin Free Of Criticism & Controversies?

While the regulatory framework of BaFin is considered to be one of the best in the world, things were not so perfect during the initial days of formation. The organization had been through several corruption scandals during the 2006 period where internal board members had embezzled funds. The culprits were indicted in subsequent legal proceedings, but the organization also faced criticism in the immediate aftermath of the financial crisis of 2008. BaFin was introduced to prevent any instances financial malpractices, but a leaked internal document showed that several banks had bad loans and “troubled businesses” had debts to the tune of 816 billion euros. This sent shockwaves through the economy, as it was considered to be a serious breach of the trust and efficiency of BaFin.
However, BaFin had been instrumental in shaping up the German economy by reducing instances of financial malpractices and ensuring the integrity of the financial markets through continued development of the code of conduct that all companies must abide by. The German authorities have managed to bring down the levels of corruption by overseeing the day to day activities of BaFin and making them accountable to the Federal authorities. BaFin also created a Federal Chamber that included lawyers, accountants, notaries, and tax advisers to oversee all illegal financial activities such as money laundering and financial fraud.

How Do You Find Forex Brokers Regulated By BaFin?

BaFin offers an updated list of member companies through its website and often releases press releases and circulars regarding any legal action against financial companies. BaFin also facilitates consumers to find information about companies by contacting BaFin staff directly, or by offering sources that can help in ensuring the authenticity of a company they are dealing with. Most regulated brokers should display licensing details prominently on their website as well as impart this information to clients who seek detailed information.

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