Best German forex brokers 2022 — review by DotBig based on clients testimonials
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DotBig experts studied reviews of clients on different forums to figure out what traders like about their brokers and what they don’t. Now you can read this guide to choose a top broker for trading in Germany.
Best forex brokers for trading in Europe (Germany)
XTB
Year of foundation: 2002
Place of registration: United Kingdom
Withdrawal fees: only for amounts smaller than $100 threshold
Tradeable instruments:
- 48 currency pairs
- 20+ indices
- 23 commodities
- 1,500+ Stock CFDs
- 138 ETF CFDs
XTB is a good choice for German traders because of the diversity available assets. But it cannot be a beneficial option for those who have a little experience in trading.
Capital.com
Year of foundation: 2016
Place of registration: United Kingdom
Withdrawal fees: no
Tradeable instruments:
- 20+ indices
- 120+ currency pairs
- 20+ commodities
- 3000+ cryptocurrency CFDs
- 5000+ share CFDs
Capital.com is regulated by two tier-1 authorities (FCA and MiFID), which is the best proof of its reliability. Plus, this forex broker suits those who trade with low floating spreads.
FXCM
Year of foundation: 1999
Place of registration: Bermuda
Withdrawal fees: $40 (for Bank Wire requests)
Tradeable symbols:
- 10 currency pairs
- 7 indices
- 17 stocks
- 10 digital assets
FXCM is an excellent choice if you have experience in algorithmic trading. Beginners may learn a lot from its great educational materials but the disadvantage is that MT5 isn’t available in this FCA-supervised broker.
IQ option
Year of foundation: 2013
Place of registration: Cyprus
Withdrawal fees: start from $2
Tradable instruments:
- binary options
- stock CFDs
- currency pairs
- ETF CFDs
Beginners might practice on its demo account and gain a unique experience of speculating binary options.
FX Pro
Year of foundation: 2006
Place of registration: United Kingdom
Withdrawal fees: no
Tradable instruments:
- 70+ currency pairs
- 180 equity stocks
- cryptocurrencies
- futures
- stock metals
Licensed by FCA, CySEC, and FSCS, FX Pro is the best choice for traders looking for no-commission trading on such platforms as MT4, MT5, FxPro Edge, and cTrader. But this company should improve its educational and research capabilities to attract more new users.
Admiral Markets
Year of foundation: 2001
Place of registration: United Kingdom
Withdrawal fees: 2 free withdrawal requests per month
Tradeable instruments:
- Forex and CFDs
- metals
- energies
- shares
AdmiralMarkets is definitely a safe company but it might be not as financially beneficial due to the number of issues occurring to MT5 and its trading app.
Advantages of DotBig (2003)
- Low spread and a wide variety of financial instruments (200+ shares, 70+ currency pairs, 5 cryptocurrencies, CFDs, and ECNs).
- 90% accurate trading signals.
- Easy verification and instant support.
- Possibility to use automated and social trading services.
- Well-developed tool of analysis.
- Constant support from professional managers to new users.
- Generous bonuses and transparent terms and conditions.
- The broker integrates the KYC methods to prevent from fraud entering the platform.
- User-friendly and interactive web terminal.
Comparison table
Average reviews from clients
Rating based on average scores on Trustpilot.
Finally, we have some random customer testimonials from users from Europe (particularly from Deautshcland) posted on Trustpilot.
- Gregory about DotBig: “I am satisfied with the DotBig platform. All information on transactions and accounts is in my personal cabinet, no need to search for anything in different sections”.
- Joachim Michel about FXCM: “Best app for beginners I know. In particular, the entry order option is great, you don’t have to think long about order options, you can get started right away”.
- Herr Bernd Meyer about Admiral Markets: “Everything went great on this platform. There was always a contact person on site and always competent advice. You always felt safe and well supported.”
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