Best BaFin Regulated Forex Brokers 2026

Compare the top forex brokers regulated by the Federal Financial Supervisory Authority (Germany). Verified licenses and deep liquidity.

James Wilson

Written by

James Wilson

Edith Balazs

Fact Checked by

Edith Balazs

Last reviewed:
By:James Wilson
Fact-checked by:Edith Balazs

Why Choose BaFin Regulated Brokers?

BaFin is one of Europe's most rigorous national regulators. While it enforces EU-wide MiFID II directives, it is known for aggressive intervention if a broker's practices risk German retail investor capital.

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What is the BaFin (Federal Financial Supervisory Authority)?

Federal Financial Supervisory Authority is the financial regulatory body in Germany. It is considered a Tier 1 regulator, meaning it provides the highest level of oversight and client protection.

Quick Picks

#1Best Overall
Pepperstone

Pepperstone

4.8
#2Best Overall
CMC Markets

CMC Markets

4.6
#3Best Overall
Freedom24

Freedom24

4.2

Trading Conditions

Compare deposits, leverage, and spreads across these regulated brokers.

BrokerAction
Pepperstone$0 (Recommended $200)1:500 (Pro) | 1:30 (Retail)Open Account
CMC Markets$01:30 (Retail) | 1:500 (Pro)Open Account
Freedom24$01:5 (Margin)Open Account

Detailed Broker Analysis

Pepperstone logo
Pepperstone
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Recommended
BaFin-regulated advanced traders, automated trading & tradingview enthusiasts.
4.8/5App Score

Founded in 2010 and headquartered in Melbourne, Australia, Pepperstone is a highly rated broker offering 60+ forex pairs. They are regulated by BaFin providing strong client safety.

Pros

  • Regulated by 7 jurisdictions including 4 Tier-1
  • Ultra-tight raw spreads on Razor (avg 0.1 pips EUR/USD)
  • Fast execution - ideal for scalpers/EAs
  • MT4, MT5, cTrader, TradingView support

Cons

  • Standard account spreads wider than Razor
  • Commission varies by platform
  • No proprietary mobile app
  • Research less extensive than IG
Forex spread classUltra-Low
Minimum deposit$0 (Recommended $200)
Inactivity feeVaries
Currency pairsN/A
Deposit methodsBank Transfer, Credit/Debit, PayPal, Skrill, Neteller, BPay
Withdrawal feeVaries
CMC Markets logo
CMC Markets
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Recommended
BaFin-regulated advanced chartists & uk spread bettors.
4.6/5App Score

Founded in 1989 and headquartered in London, UK, CMC Markets is a highly rated broker offering 300+ forex pairs. They are regulated by BaFin providing strong client safety.

Pros

  • Publicly traded & highly regulated
  • Huge asset selection (12k+)
  • Advanced platform features (NextGen)

Cons

  • High stock CFD fees for small trades
  • Data fees for some exchanges
Forex spread classLow
Minimum deposit$0
Inactivity feeVaries
Currency pairsN/A
Deposit methodsCard, Bank Transfer
Withdrawal feeVaries
Freedom24 logo
Freedom24
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Recommended
BaFin-regulated stock & etf investors & ipo access seekers.
4.2/5App Score

Founded in 2008 and headquartered in Limassol, Cyprus, Freedom24 is a highly rated broker offering N/A forex pairs. They are regulated by BaFin providing strong client safety.

Pros

  • Access to new stock listings
  • High interest on cash
  • Publicly traded parent

Cons

  • Higher commissions than discounters
  • Complex IPO rules
Forex spread classLow
Minimum deposit$0
Inactivity feeVaries
Currency pairsN/A
Deposit methodsBank Transfer, Card
Withdrawal feeVaries

Frequently Asked Questions

Federal Financial Supervisory Authority is the financial regulatory body in Germany. It is considered a Tier 1 regulator, meaning it provides the highest level of oversight and client protection.
Yes, brokers regulated by the BaFin are generally considered very safe. They are subject to strict financial standards, audits, and operational requirements.
Up to €20,000 via German compensation schemes.
Many brokers hold multiple licenses. While a broker may be regulated by this authority, international clients might be onboarded under a different regulatory entity within the broker's group depending on their country of residence.
Not Financial Advice:

Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers →

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BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology.

Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026