BaFin Regulated Brokers: The Complete Register

Twenty-six brokers in the WIKILIX database list a licence from BaFin, Germany's Federal Financial Supervisory Authority, and this page is the complete register of them, ordered by overall score. It keeps the entries a promotional shortlist quietly drops. 18 carry our clean "regulation" status. The other 8 do not: 2 are recorded as holding no regulation, 4 are flagged as suspicious clones, 1 is flagged as a scam, and 1 has no status on file.

The highest-scoring rows show why the flag matters. NSBroker, a Malta firm that opened in 2011, scores 67 and still sits inside the top eight, yet our records flag it as a scam. Two suspicious clones, Blackwell Global and Triomarkets, score even higher. FX Connect and KEB Hana Bank rank second and third on score while carrying a recorded "no regulation" status.

What a BaFin line in a licence list actually means

BaFin sits in our data as a tier-1, onshore authority, and it supervises German banks and investment firms. A BaFin entry against a broker can mean one of a few things: a direct German authorisation, an EU passport notification from a firm licensed in another member state, or, on the flagged rows, a name a clone has borrowed to look legitimate. This list is generated from a single query, every broker whose recorded regulator set includes BaFin, sorted by score, with no hand-picking. Because that query reads our records rather than vetting firms, the scam and clone rows stay in, labelled instead of hidden.

Where these firms are actually based

Only 5 of the 26 are domiciled in Germany, among them fXFLAT Bank, s broker, Trade Republic and Consorsbank. The rest are headquartered outside it, from Australia to Cyprus. A BaFin line tells you a firm holds some registration or passport BaFin recognises. It does not tell you the company answers to a German court, and it does not record whether the firm will accept you as a client from your own country. 15 of the 26 also hold an FCA licence, and 22 hold licences from two or more authorities, so most of these names appear on several of our regulator pages at once.

Age and leverage across the register

Opening dates run from 1870, the year on file for Commerzbank, to 2019 for Admirals, and 12 of the 26 opened before 2010. Leverage is uneven because the register mixes business models. Share-dealing and banking entries such as DEGIRO and Trade Republic show a 1:1 cap, while Admirals lists an offshore entity at 1:1000 and six firms sit at 1:500. The median score across the 26 is 62.1, and individual scores run from 49.3 up to 79.9.

Before you rely on a BaFin entry

• Read the status flag on this page first. A scam or clone label means the BaFin name may be borrowed rather than earned.
• Check whether the listing is a direct German authorisation or an EU passport notification from a firm licensed in another member state.
• Match the exact legal entity, not the brand. Pepperstone appears twice here under two group companies with different scores.
• Confirm the registration on BaFin's own company database using the firm's registration number before you deposit.