Brokers Based in Germany, and Which Ones Hold a BaFin Licence

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.

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.