#1
FXFlat Bank GmbH
RegulatedGermanyEst. 1997BaFin
Regulation
License
Spread
58.8Score
Nine firms in the WIKILIX records list a registered address in Germany, and this page ranks all of them by overall score. That is a narrower thing than it sounds. A German address tells you where a company keeps its head office, not who supervises it and not who it will take on as a client, so five of these nine hold a licence from BaFin, Germany's Federal Financial Supervisory Authority, and the other four do not.
The top of the list is fXFLAT BANK (FXFlat Bank GmbH), which scores 58.8 and carries a single BaFin licence, followed by WH Selfinvest at 55.4 and s broker at 53.5. The newest arrival is Trade Republic, opened in 2015 and holding both BaFin and Spain's CNMV. The oldest record belongs to RWE, with an opening date of 1898 and a single US FINRA registration on file. Five of the nine opened before 2000, and the median score across the group is 51.4.
| Broker | Score | Licences on record | Opened | Max leverage |
|---|---|---|---|---|
| fXFLAT BANK | 58.8 | BaFin | 1997 | 1:200 |
| WH Selfinvest | 55.4 | FINMA, BaFin, AMF | 1998 | 1:50 |
| s broker | 53.5 | BaFin | 1999 | 1:1 |
| Trade Republic | 53.2 | BaFin, CNMV | 2015 | 1:1 |
| RWE | 51.4 | FINRA | 1898 | n/a |
| Consorsbank | 49.3 | BaFin | 1994 | n/a |
| The Trading Pit | 30.0 | none on record | 2004 | 1:50 |
| European Energy Exchange | 20.6 | FSC | 2000 | 1:1 |
| MARK-E | 0.0 | none on record | 2006 | 1:1 |
What a German address covers, and what it does not
Six of these nine hold at least one tier-1 licence. Five of the six do so through BaFin; the sixth, RWE, through the US FINRA. That leaves a group a reader scanning for a German broker would not expect. European Energy Exchange AG is a wholesale energy exchange rather than a retail brokerage, and its only entry here is an offshore-tier FSC record. Two firms, The Trading Pit (trading as Futures.de GmbH) and MARK-E, carry no regulator at all in our records and sit at the bottom of the ranking on score. WH Selfinvest holds three tier-1 licences, from Switzerland's FINMA, BaFin and France's AMF, yet also carries a suspicious-clone flag in our records, so it appears with that caution attached.
Who you will not find here
Most of the large international brokers that accept German clients are licensed for Germany without being headquartered there. They operate through a German or wider European entity while the parent brand sits abroad, often in London or Cyprus, so they never appear on a list built from registered address. If you searched for a well-known name and it is missing, that is usually why: it is regulated for the German market but domiciled somewhere else. This page answers the narrower question of which firms actually keep their head office in Germany.
Before you rely on any address on this list
- Read which legal entity the address belongs to. A company registered as a GmbH in Germany is the entity you would contract with, and it can differ from a parent brand you recognise.
- Check the named entity on BaFin's company register before depositing, and confirm the licence number rather than trusting the address.
- Treat a German head office as a starting point, not a guarantee. Two firms here are recorded with no regulation at all despite the German address.
- Match the leverage to the entity. Only fXFLAT BANK reaches 1:200 in these records; the banks and neobrokers sit at 1:1 because they are not built for leveraged trading.
Every figure on this page comes from the licence and company records WIKILIX holds as of today, and a firm moves on or off this list as its registered country changes. It reflects where each company is based, not the spreads it charges or whether it will accept you as a client from your own country.
9brokers on this list
Researched & ranked by the Wikilix team
- #2
WH Selfinvest
Suspicious CloneGermanyEst. 1998FINMA
RegulationLicenseSpread55.4Score - #3
s broker
RegulatedGermanyEst. 1999BaFinRegulationLicenseSpread53.5Score - #4
TRADE REPUBLIC BANK
RegulatedGermanyEst. 2015BaFin
RegulationLicenseSpread53.2Score - #5
RWE
RegulatedGermanyEst. 1898FINRA
RegulationLicenseSpread51.4Score - #6
Consorsbank
RegulatedGermanyEst. 1994BaFinRegulationLicenseSpread49.3Score - #7
Futures.de GmbH
No RegulationGermanyEst. 200430.0Score - #8
European Energy Exchange AG
RegulatedGermanyEst. 2000FSC
RegulationLicenseSpread27.1Score - #9
MARK-E
No RegulationGermanyEst. 20060.0Score
This ranking rebuilds itself whenever a firm's recorded home country changes, so a company that moves its head office into or out of Germany appears or drops off without anyone editing this page. The scores and licences are rechecked against WIKILIX records on the same schedule as the rest of the site, and any BaFin entry here should still be confirmed against the regulator's own register, which BaFin publishes and updates itself. None of these figures describe trading costs or account terms, so read the page as a map of who is based where and confirm the specifics with each firm.
If you came to compare where a broker is supervised rather than where it keeps its head office, a licence-based ranking is the better next step. For neighbouring markets built the same way from registered address, see brokers based in Switzerland, brokers based in Cyprus and brokers based in Malta. You can also open any firm above, such as fXFLAT BANK or Trade Republic, to read its full licence record first.
Frequently Asked Questions
Frequently asked questions
Answers from the Wikilix research team about this ranking.
Most Popular Questions
No. Six of the nine carry a clean regulation status in our records, but The Trading Pit and MARK-E are recorded with no regulator at all, and WH Selfinvest carries a suspicious-clone flag. A registered address in Germany does not guarantee supervision, which is why each entry here shows its licences and its status rather than a single pass mark.
fXFLAT BANK, the trading name of FXFlat Bank GmbH, tops the list with a WIKILIX score of 58.8. It holds a single BaFin licence, opened in 1997 and is the only firm here recorded with leverage as high as 1:200. WH Selfinvest follows at 55.4 and s broker at 53.5, and the group's median score is 51.4.
This list cannot tell you. It records where each firm is headquartered and which licences it holds, not which countries it accepts clients from. A German-based, BaFin-licensed firm may serve some countries and not others, and several of these entities are banks or exchanges that do not offer retail trading accounts at all. Check each firm's own client terms before you apply.
Because the list is built from registered address, and European Energy Exchange AG keeps its head office in Germany. It is a wholesale energy exchange rather than a retail brokerage, and it carries only an offshore-tier FSC record in our data, which is why it scores 20.6 and sits near the bottom. It is a clear example of why a domicile list is not a broker recommendation.
RWE, with a recorded opening date of 1898, is the oldest entry, though its only licence on file is a US FINRA registration rather than a German one. After it, Consorsbank dates to 1994 and fXFLAT BANK to 1997. Five of the nine firms opened before 2000, and the newest, Trade Republic, opened in 2015.
No. A German address means the company keeps its head office in Germany, while a BaFin licence means the German regulator supervises it, and the two do not always overlap. On this list only five of the nine German-based firms hold a BaFin licence. Check the specific entity on BaFin's own register rather than trusting the address alone.
Five of the nine: fXFLAT BANK, WH Selfinvest, s broker, Trade Republic and Consorsbank each carry a BaFin licence in our records. WH Selfinvest also holds Swiss FINMA and French AMF licences, and Trade Republic adds Spain's CNMV. The remaining four hold either a foreign licence only or no regulator at all, which is the main thing this list is built to show.
Nine firms in our records list a registered address in Germany, and all nine appear here ranked by score. The list is built from head-office address alone, so it is small and mixed: it includes retail banks and brokers such as s broker and Trade Republic alongside a wholesale energy exchange, rather than every broker a German trader could open an account with.