We found 11 online brokers that are appropriate for Trading Bafin.
If you are in Germany or wish to trade in the Germany, it is suggested to deal with BaFin brokers as they are well regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht, also known as BaFin.
BaFin is the largest federal financial regulatory authority in entire Europe as Germany's metropolis Frankfurt is one of the major markets in the region.
Here we will discuss BaFin and the BaFin brokers in particular.
BaFin is a supervisory authority that oversees financial markets in Germany.
It was established in the year 2002 with an amalgamation of The Federal Banking Supervisory Office, Federal Insurance Supervisory Office and The Federal Securities Supervisory Office.
The independent regulatory body has stringent rules in favour of protecting investors as well as service providers (the BaFin brokers).
One of the primary responsibilities of BaFin is to maintain transparency in the country's financial market.
It ensures the solvency of insurers and banks to help the financial institutions in offering qualitative services to traders.
It helps in building up confidence among the investors by cracking the whip on BaFin brokers that fail to abide by the set rules.
Securities Trading Act (WpHG) notes consumer protection should be the highest priority in Germany and BaFin abides by it.
The Consumer Advisory Council of BaFin collects financial market information and analyses and monitors the data to ensure investors that there is no foul play.
Some of the risks faced by investors, in any financial market, are price manipulation and insider trading.
BaFin can take legal action against offenders if any inconsistency in the market is found in their investigations.
BaFin has outlined some guidelines for the so-called BaFin brokers. One important norm to mention here first is negative balance protection.
Many may not understand what negative balance protection is.
Let's understand this way. In CFD and Forex trading investors often leverage their positions with several folds more than the worth of their account balance. This is due to the added leverage CFD trades offer. Sometimes a spike in price is seen within a short notice leading to huge profit or a huge loss.
There are also moments when the market becomes extremely volatile. It causes gapping and hence stop-loss orders fail to get executed.
This may lead to negative losses. Under such circumstances, negative balance protection helps the investor not to lose more than the initial capital.
There are more regulatory guidelines for BaFin brokers such as stress tests on brokerages, occasional supervisory interviews, annual accounts analysis and financial information from brokerages.
BaFin brokers are highly professional and more transparent than most of the brokers in Europe. They are well regulated and operate under the stringent rules and norms of BaFin.
BaFin is an independent regulatory body and is not financed by the German government.
Since 2002 it has been ensuring investors the market is least affected by manipulations. It has continuously worked in building up confidence among the traders with fair policy to safeguard their investments.
We've collected thousands of datapoints and written a guide to help you find the best Bafin Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best bafin brokers below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Bafin trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Bafin Brokers.
Compare Bafin Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are bafin brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more bafin brokers that accept bafin clients
Broker |
AvaTrade
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Plus500
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IG
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Admiral
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FXPro
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phoenixmarkets
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ETX Capital
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fxtm
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roinvesting
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naga
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monetamarkets
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Rating | |||||||||||
Regulation | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) | ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295, | Cyprus Securities and Exchange Commission (CySEC) license No. 269/15 | Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 | Cayman Islands Monetary Authority (CIMA) |
Min Deposit | 250 | 100 | No minimum deposit | 200 | 100 | 500 | 100 | 10 | 250 | 250 | 200 |
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Used By | 200,000+ | 15,500+ | 239,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 3,000,000+ | 45,000+ | 650,000+ | 70,000+ |
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Platforms | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | MT4,mac,Android.iPhone/iPad | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps | MT5, MT4, Desktop platform, Web platform, Tablet & Mobile apps | MT4, Desktop platform, Web platform, Tablet & Mobile apps | MT4, MT5, Desktop platform, Web platform, Tablet & Mobile apps | Desktop platform, Web platform, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with avatrade |
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Up with plus500 |
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Up with ig |
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Up with admiralmarkets |
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Up with fxpro |
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Up with phoenixmarkets |
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Up with etxcapital |
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Up with fxtm |
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Up with roinvesting |
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Up with naga |
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Up with monetamarkets |
Risk Warning | 72% of retail investor accounts lose money when trading CFDs with this provider | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Your capital is at risk | Your capital is at risk |
Demo |
AvaTrade Demo |
Plus500 Demo |
IG Demo |
Admiral Markets Demo |
FxPro Demo |
Phoenix Markets Demo |
ETX Capital Demo |
FXTM Demo |
ROInvesting Demo |
Naga Demo |
Moneta Markets Demo |
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You can compare Bafin Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Bafin Brokers for 2021 article further below. You can see it now by clicking here
We have listed top Bafin brokers below.