Best Forex Brokers In Germany

Posted On May 14, 2021, 11:02 am by Alex Williams

The forex broker is very important for the traders because it helps a lot while trading. This article discusses the best forex brokers in Germany and the brokers’ qualities and features for the traders. The best broker of Germany is 101investing, Brokereo, T1Markets, IGMFX and ABinvesting. 

What is the forex market?

The forex market is the place where traders can buy and sell currencies. The forex market is the world’s largest in the world. The participants of the forex market are individuals, banks, funds to buy and to sell. The market is run based on two levels are the Interbank market and the over-the-counter market. 

What is a forex broker?

The forex broker, in simple words it is the mediator for the traders to buy and sell the currencies on behalf of the traders and charge the commission on transactions. 

What is the best forex brokers in Germany?

101investing 

101investing is the best forex broker in Germany, and it was founded in 2020. It is sanctioned by the Cyprus Securities and Exchange Commission (CySEC). The brokerage giants offer 250+ CFDs instruments on various assets like cryptocurrency, commodity, forex, stocks, indices, and metals. The brokerage company uses the Metatrader 4 platform for trading. The one thing which is special in 101investing the benefits of the tools and indicators is helpful to gain profit from the market. The broker generally offers three types of accounts: a silver, gold, and platinum trading account. The trader of 101investing is satisfied with their services.  

What are the qualities and nature of the 101investing broker in the market?

  • The headquarters of the 101investing is at 79, Spyrou Kyprianou Ave., MGO Protopapas Building, 1st Floor, 3076, Limassol, Cyprus.
  • The brokerage company offered a swap discount of 50% to the traders.
  • The spread starts from 0.03 in the platinum account.
  • The maximum leverage is offered 1:400 to the professional account holders and 1:30 to the retail account holders. 
  • The company offers commission-free trading to all the clients. 
  • The broker offers 45+ currency pairs for trading. 
  • The customer support service is available for the traders of the 101investing; the timing is 10 am to 8 pm. 
  • The brokerage company also offers an Islamic trading account on the demand of the traders. 
  • The company provided a dedicated account manager for the trading.
  • Free VPS is available in the platinum trading account. 
  • The payment option of the 101investing is viaCredit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer. 

Spread of silver account 

  • Gold 0.59
  • Crude Oil 0.07
  • Dax 2
  • EUR/USD 2.2
  • GBP/USD 2.8

Spread of the gold account

  • Gold 0.48
  • Crude Oil 0.05
  • Dax 1.5
  •  EUR/USD 1.3
  • GBP/USD 2

Spread of platinum account 

  • Gold 0.37
  • Crude Oil 0.03
  • Dax 1
  • EUR/USD 0.7
  • GBP/USD 1.3

Brokereo 

Brokereo was founded in 2020, and it is the operating name of Concorde Investments (Cyprus) Ltd. The broker is approved and registered by the Cyprus Securities and Exchange Commission (CySEC), and it is also a member of the Investor Compensation Fund (ICF). The company offers 300+ CFDs instruments on different types of assets such as a commodity, forex, cryptocurrency, stocks, metals and indices. The educational resource is also provided by the broker like articles, tutorials, ebooks, courses and VOD for the learning perspective. Each account has the same difference in terms of spread that is 0.3 pips. 

What are the qualities and nature of the Brokereo broker in the market?

  • The head office of the Brokereo is at Pavlou Nirvana no 4, Alpha Tower, Office NO 13, 3021 Limassol, Cyprus.
  • The brokerage company provided a demo account for beginners in the forex market.
  • Initially, before starting the trading, the minimum deposit is required $250. 
  • The available base currency is EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more.
  • The traders can deposit unlimited money in the trading account.
  • The deposit and withdrawal option of the Brokereo is via Credit Card, Neteller, Skrill, Webmoney, Wire Transfer.
  • The US clients are restricted to become a part of the Brokereo for trading.
  • The Brokereo uses the MetaTrader 4 platform for trading. 
  • The Swap discount is offered up to 50% to professional traders. 
  • The traders can customise the trading platform according to their need. 
  • The broker doesn’t charge the hidden or unexpected fee from the traders.
  • It is the best forex broker in Germany for its services and features provided to the traders. 

Spread of silver account 

  • Gold 3.00
  • Crude oil 1.00
  • Dax 5.00
  • EUR/USD 3.0
  • GBP/USD 3.5
  • USD/JPY 3.5

Spread of the gold account 

  • Gold 1.80
  • Crude oil 0.40
  • Dax 3.75
  • EUR/USD 2.5
  • GBP/USD 3.0
  • USD/JPY 3.0

Spread of platinum account 

  • Gold 1.50
  • Crude oil 0.30
  • Dax 2.50
  • EUR/USD 2.0
  • GBP/USD 2.5
  • USD/JPY 2.5

IGMFX

IGMFX is the advanced broker for trading, and it is approved and registered by the Cyprus Securities and Exchange Commission (CySEC). The company offers 170+ CFDs instruments on assets like forex, commodities, stocks, metals, and cryptocurrency. The brokerage company provides different platforms for trading, such as web trading, mobile trading and MetaTrader 4 platform. 

What are the qualities and nature of the IGMFX broker in the market?

  • The trader has the option of the live trading signal to trade in a better way of trading. 
  • The leverage is offered 1:400 to the professional clients and 1:30 to the retail clients.
  • The trader can stop loss of 50% where it can save the money which they invest.
  • IGMFX broker uses the MetaTrader 4 platform for trading.  
  • The company provided a dedicated account manager for the trading.
  • The trader transaction is completely secure on this platform, don’t think much about the data hacked by a hacker; it is entirely safe. 
  • The deposit and withdrawal option of the IGMFX is via AG Switzerland, Paydoo, Fibonatix, Powercash21, SafeCharge, SecureTrading Financial Services, Skrill. 
  • This is the best forex broker in Germany for its achievements in the market.
  • The head office of the IGMFX broker is at 5, Matheou Matheou Agiou Athanasiou Industrial Area Limassol, 4101.
  • The broker also provides customer support services to the trader for solving the queries. 

Spread of silver account

  • EUR/USD 3
  • GBP/USD 3
  • USD/JPY 3
  • Crude oil $0.13

Spread of the gold account 

  • EUR/USD 2.5
  • GBP/USD 2.8
  • USD/JPY 2.8
  • Crude oil $0.10

Spread of platinum account 

  • EUR/USD 1.8
  • GBP/USD 2.3
  • USD/JPY 2.3
  • Crude oil $0.08

T1 Markets

The operating name of General Capital Brokers Ltd (GCB) is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker trades 300+ CFDs instruments. A trader can trade assets like forex, cryptocurrency, stocks, metals, commodities and indices. 

The trader has the option of three types of trading accounts; silver, gold and platinum. The brokerage firm provides educational resources such as articles, tutorials, courses, VODs and ebooks for learning. The main advantage with the T1Markets is that a trader has the option of leverage.

What are the qualities and nature of the T1Markets broker in the market?

  • The available base currencies in the T1Markets are EUR/USD, GBP/USD USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more.
  • The spread starts from 0.03 in the platinum account. 
  • The broker offers the maximum leverage of 1:500 to the professional traders and 1:30 to the retail traders. 
  • There is no charge to deposit the money into the account. 
  • The broker doesn’t charge any commission on trading transactions. 
  • The deposit and withdrawal option is via Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer.
  • $250 is the minimum deposit that is required before starting trading in the market.
  • The T1Markets takes the time to withdraw the money by the traders approximately five days.
  • The head office of the T1Markets is at 249 28th October Ave, Lophitis Business Centre 1, Mezzanine Office 3, 3035, Limassol, Cyprus. 

Spread of silver account 

  • EUR/USD 28
  • Gold 80
  • Crude Oil 250

Spread of the gold account

  • EUR/USD 20
  • Gold 70
  • Crude Oil 200

Spread of platinum account 

  • EUR/USD 18
  • Gold 60
  • Crude Oil 200

ABinvesting

ABinvesting is the latest broker in the market, and it is approved and sanctioned by the Mauritius Financial Services Authority Commission (FSC). The brokerage company offers 350+ CFDS instruments on assets like stocks, forex, cryptocurrency, metals and indices. With the ABinvesting, the trader has the option of three types of account such as silver, gold and platinum trading account. The company offers the best platform for trading through web trading, mobile trading and MetaTrader 4. ABinvesting broker restricted the US clients for trading. The traders of Germany trust the ABinvesting because it is the best forex broker in Germany. 

What are the qualities and nature of the ABinvesting broker in the market?

  • The payment mode of the ABinveting broker is via Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer.
  • The main currencies are USD and EUR.
  • The FSC regulates the broker.
  • The head office of the ABinvesting broker is at FSC House, 54 Cybercity Ebene, Mauritius.
  • The brokerage giants offer a swap discount of 50% to the traders.
  • The minimum deposit is $250 to start the trading with ABInvesting.
  • There is no fixed spread in the ABinvesting platform. 
  • The leverage offered by the broker is 1:500 to the professional traders and 1:30 to retail traders. 
  • The ABinvesting licence number is GB20025728. 

The Bottom Line

All brokers are best in their positions, but the traders of these brokers are satisfied with their services and make a good profit in trading. The educational materials that the brokers provide are excellent for learning about the forex market. You have to choose which one works in the conditions of Germany and get you the maximum gains. 

We will be happy to hear your thoughts

Leave a reply

Forex Broker Reviews
Login/Register access is temporary disabled