Best German forex brokers 2022 — review by DotBig based on clients testimonials

4 min readJan 28, 2022

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.”