We found 11 online brokers that are appropriate for Trading Giropay.
As a trader, having secure and efficient payment options is crucial when choosing a broker. In recent years, brokers have expanded their payment methods to attract more traders by offering greater flexibility and convenience. One such payment solution that gained popularity was Giropay. However, Giropay was shut down on 31 December 2024 after being acquired by paydirekt and merged into its platform, marking the end of its standalone operations. More brokers had accepted Giropay than ever before, making it easier for traders to fund their accounts and process withdrawals seamlessly while it was active.
When it was operational, Giropay allowed traders to quickly deposit funds into their trading accounts through a direct connection with their bank’s online banking system. This secure method ensured that transactions were processed in real time, providing both speed and reliability. In addition, traders could withdraw profits using Giropay, benefiting from the same level of security and efficiency.
Before its closure, Giropay was primarily supported in Germany, where it was widely used by customers of major banks. In some cases, depending on the participating financial institutions, the service was also available in neighboring countries, such as Austria and other parts of the European Union.
Emerchant Pay is supported in a wide range of regions, including many countries across Europe, North America, and Asia. This global reach makes it an attractive option for traders operating in diverse markets, whether you are based in Germany, the United States, Japan, or emerging markets throughout Asia. With Emerchant Pay, traders can enjoy a reliable and versatile payment method that aligns with the demands of modern trading environments.
In this article, I’ll explore what Giropay brokers were and why using this payment method was considered a smart choice during its time. Whether you were looking for fast deposits, enhanced security, or a reliable way to manage transactions, Giropay offered several advantages that made it worth considering before its integration into paydirekt.
Giropay was a Germany-based online payment system launched in 2006, offering secure and seamless online banking services. It remained one of the most trusted and widely used payment solutions in Germany, processing transactions for around 40% of online shoppers and handling over 15% of all online transactions in the country. However, Giropay was shut down on 31 December 2024 after being acquired by paydirekt and merged into its platform, with its core functionalities continuing under the paydirekt brand.
While Giropay may not have been as globally recognized as payment giants like PayPal, Neteller, or Skrill, it experienced remarkable growth. In 2014, it expanded into cross-border transactions by adopting the EPS system used by Austrian banks. This move strengthened its presence in European markets.
Giropay functioned as a direct online transfer system, allowing users to make purchases and payments directly from their bank accounts with enhanced security. It operated similarly to MyBank and the Dutch iDEAL, ensuring a safe and efficient transaction process. Many brokers accepted Giropay deposits and withdrawals, making it an increasingly popular choice for traders looking for a reliable and secure payment gateway during its active years. Its legacy continues as its services have been integrated into paydirekt.
Giropay played a significant role in brokerage and stock trading by offering fast, secure, and direct bank transfers for traders in Germany. Many brokers integrated Giropay as a payment option, allowing investors to quickly fund their accounts and take advantage of market opportunities without delays. Its real-time processing was particularly beneficial for traders dealing with volatile assets, such as stocks and forex, where timing is crucial.
However, its limitations, including euro-only transactions and restricted access to German bank account holders, made it less versatile compared to other global payment solutions. Despite these drawbacks, Giropay remained a trusted option for traders until its discontinuation at the end of 2024, after which users were encouraged to transition to alternative platforms like Wero.
Giropay processes over a million transactions every month, highlighting its reliability and growing adoption. In May 2007, it hit a major milestone by reaching €100 million in processed transactions. The following year, it facilitated 3.2 million online transfers, further cementing its position as a trusted payment solution in Germany.
Many German cooperative banks and financial institutions actively support Giropay, although not all private banks are part of the network. One of the most notable participants is Deutsche Postbank, a major player in the German banking sector.
Currently, Giropay serves around 17 million online banking customers in Germany, accounting for more than half of all commercial bank accounts in the country. This widespread adoption underscores its role in the financial ecosystem.
With its strong presence in online banking, Giropay brokers play a crucial role in providing traders with a secure and efficient payment method for deposits and withdrawals.
Forex Giropay brokers enable traders to make real-time transactions, offering a seamless and efficient payment experience. The process closely mirrors the functionality of online banking portals used by German banks, ensuring familiarity and ease of use.
One of the key advantages of Giropay is that it is often considered a virtually risk-free payment method. However, its security level largely depends on the participating bank. Some banks enhance protection by implementing two-factor authentication (2FA), adding an extra layer of security to transactions.
One of the main reasons why Giropay is gaining popularity among traders is the wide range of benefits it offers. From ease of use to enhanced security, this payment solution provides a seamless experience for users looking to deposit and withdraw funds on brokerage platforms. Below are some of the key advantages of using Giropay brokers.
Unlike other payment solutions that require additional software or apps, Giropay does not require any downloads or installations. All you need is an active German current account to start making transactions instantly. This makes it extremely convenient, allowing traders to use it on any broker website without delays.
One of the biggest advantages of Giropay is that it eliminates the need for account registration. Unlike many other payment gateways that require lengthy sign-up processes, Giropay allows you to deposit funds directly from your bank account without additional setup. If you already have a German bank account, you can seamlessly transfer funds without any extra steps, making it a hassle-free payment method.
Giropay is designed for smooth and lightning-fast processing. In the fast-moving world of trading, timing is crucial. With Giropay, transactions are completed within seconds, allowing traders to take advantage of market opportunities without delays. Whether you're funding your trading account or withdrawing profits, you can expect swift and efficient processing.
Security is a top priority when dealing with online transactions, and Giropay has built a strong reputation for its high-security standards. The platform uses AES 256-bit encryption to ensure all transactions are securely transmitted. Additionally, Giropay follows a PIN and TAN authentication system, adding another layer of protection. With over 15 years of experience in the financial industry, Giropay remains a trusted payment solution, offering traders peace of mind when funding their broker accounts.
While Giropay offers many benefits, there are certain limitations that traders should consider before using it. Understanding these drawbacks will help you make an informed decision about whether this payment method suits your needs.
One of the biggest downsides of Giropay is its lack of multi-currency support. Currently, Giropay only supports transactions in Euros (€). If your trading account operates in USD or any other currency, you will need to convert your funds into Euros before making a transaction. This could result in additional currency conversion fees, which may eat into your profits.
Unlike global payment gateways such as PayPal or Skrill, Giropay is exclusively available to users with a German bank account. If you don’t have an account with a participating German bank, you won’t be able to use this payment method. This limitation has discouraged many international traders from using Giropay as their primary payment solution.
Another concern for traders is Giropay’s lack of extensive buyer protection. Once a transaction is completed, there are limited dispute resolution options. If something goes wrong—such as an issue with a trade or a failed deposit—Giropay does not offer the same level of protection as credit cards or e-wallets. This means traders have fewer options for recovering their funds in case of an issue.
Giropay is a seamless and secure payment method that allows users to make real-time transactions directly from their bank accounts. Most brokers and merchants offer Giropay alongside other payment options, making it easy for traders to choose this method during deposits or withdrawals.
To initiate a transaction, you first need to select Giropay as your preferred payment method on the broker's platform. You will then be prompted to choose your bank from the list of participating financial institutions. Upon selecting your bank, you will be redirected to your bank’s secure online banking portal.
On the banking page, the transaction details—including the amount and recipient—will be displayed for verification. You will then need to enter your account number, PIN, and any required authentication codes to authorize the payment. Many banks implement two-factor authentication to enhance security.
Once the payment is successfully authorized, the bank processes the transaction instantly. You will then be redirected back to the broker’s website, where a confirmation page will indicate that your deposit has been completed. Transactions made via Giropay are typically processed in real time, ensuring that your funds are available for trading without delay.
Additionally, Giropay offers a payment guarantee of up to €5,000, providing users with a level of security and reliability when conducting transactions. This makes it a trusted option for traders looking for a fast and secure way to fund their accounts.
Giropay operates on a per-transaction fee structure, meaning that every payment processed through the system incurs a charge. However, the cost is not fixed, as it depends on the transaction volume. The higher the volume of transactions, the lower the average fee per transaction.
For traders, this means that small deposits may carry slightly higher fees compared to larger deposits. While most brokers do not pass these fees directly to traders, it is always advisable to check whether your broker applies additional charges for Giropay transactions.
Additionally, since Giropay transactions are conducted in euros, traders using other currencies may incur currency conversion fees if their brokerage does not support direct euro deposits. These additional costs should be considered when choosing Giropay as a payment method.
Giropay has long been a popular online payment solution, particularly among traders in Germany. With its fast processing speeds, ease of use, and high security standards, it provided a seamless way for traders to deposit funds on brokerage platforms. The lack of a required registration process and the ability to make direct bank transfers made it an attractive option for many. However, Giropay has now closed.
Despite its advantages, Giropay had certain limitations that restricted its accessibility. It only supported transactions in euros, meaning traders dealing in other currencies had to convert their funds, often incurring additional costs. Moreover, it was primarily available to those with a German bank account, which limited its usability for international traders. Another consideration was the service's framework, which did not offer the extensive buyer protection some traders sought for larger investments.
With Giropay no longer available, traders in Germany and across Europe are turning to alternative funding and withdrawal methods. Popular options now include traditional SEPA bank transfers, credit/debit card transactions, and secure online payment providers such as Wero, Skrill, PayPal, and Neteller. Additionally, services like Sofort and Trustly have gained traction for their multi-currency support and broader international accessibility.
For traders who once relied on Giropay, diversifying payment methods is essential. Whether supplementing their options with alternatives like SEPA transfers or choosing established gateways such as Skrill, PayPal, Neteller, Sofort, or Trustly, ensuring secure and cost-effective transactions remains a top priority in online trading.
We have conducted extensive research and analysis on over multiple data points on Giropay Brokers to present you with a comprehensive guide that can help you find the most suitable Giropay Brokers. Below we shortlist what we think are the best giropay brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Giropay Brokers.
Selecting a reliable and reputable online Giropay trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Giropay more confidently.
Selecting the right online Giropay trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for giropay trading, it's essential to compare the different options available to you. Our giropay brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a giropay broker that best suits your needs and preferences for giropay. Our giropay broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Giropay Brokers.
Compare giropay brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a giropay broker, it's crucial to compare several factors to choose the right one for your giropay needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are giropay brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more giropay brokers that accept giropay clients.
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IC Markets
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Roboforex
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XTB
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Pepperstone
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AvaTrade
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FP Markets
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SpreadEx
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FXPro
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Admiral
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ThinkMarkets
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forexmart
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) | Instant Trading EU Ltd CySEC (Cyprus Securities and Exchange Commission) (266/15), Finateqs Corp (137723) Belize |
Min Deposit | 200 | 10 | No minimum deposit | No minimum deposit | 100 | 100 | No minimum deposit | 100 | 1 | 50 | 15 |
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Used By | 200,000+ | 730,000+ | 1,000,000+ | 400,000+ | 400,000+ | 200,000+ | 60,000+ | 7,800,000+ | 30,000+ | 450,000+ | 10,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) | Web Trading, MT4, Mobile Apps, iOS (App Store), Android (Google Play) |
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Learn More |
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Up with icmarkets |
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Up with avatrade |
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Up with fpmarkets |
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Up with spreadex |
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Up with admiralmarkets |
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Up with thinkmarkets |
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Up with forexmart |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
ThinkMarkets Demo |
ForexMart Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, TR | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW | RU |
You can compare Giropay 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 Giropay Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Giropay brokers below.