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Onshore

BaFinFederal Financial Supervisory Authority

Country
Germany
Jurisdiction
Government Reg.
Established in
2002
License search is not available for this regulator
97
Overall Rating
40
Licensed Brokers
High
Transparency Index
Tier 1
Global Tier
IOSCO Member
FATF Member
The regulator
Updated

About BaFin

The record for BaFin has not been filled in yet. The facts below are what Wikilix holds so far.

Tier 1
Brokers on the record
40
Compensation cap
€20,000
Retail leverage cap
1:30
Cost of a licence
€100,000–150,000+

On the record

Established
2002
Country
Germany
Oversight
Government body
Membership
IOSCO and FATF member
Transparency
High
Public register
Published
Website
bafin.de
Hotline
0800 2 100 500
Email
if@bafin.de
Online contact
bafin.de
Related site
ombudsstelle.com
Protection check

What a licence from BaFin protects

Under BaFin rules, client money at a licensed firm is covered by a compensation scheme, and a dispute the firm will not settle can go to BaFin Complaints Unit.

5 facts on record
  • Compensation schemeUp to €20000
  • Client money kept separate
  • Negative balance protection
  • Complaints routeBaFin Complaints Unit
  • Maximum leverage1:30

How to verify a licence

BaFin publishes a public register of the firms it licenses. Search it for the broker's name or licence number before you deposit, and check that the entry's permissions cover the service you are being sold.

Official website

How to complain

A complaint that a firm licensed by BaFin will not settle goes to BaFin Complaints Unit. Complain to the firm in writing first and keep the reply.

Hotline
0800 2 100 500
These are the rules BaFin sets for the firms it licenses, read from its own record. They say nothing about how any one broker applies them, or which of its companies would hold your account; that is checked on each broker's own page.
Licensing terms

Getting licensed by BaFin

A licence from BaFin costs €100,000–150,000+ to obtain on the record and covers 4 instrument types.

€100,000–150,000+
Licence types
KWG Investment Firm Licence
Business models allowed
Retail Agency (STP); Market Maker (Principal); Provide Liquidity (PoP)
Cost to obtain
€100000-150000+
Coverage
Germany - EU - global (with exceptions)
Not served
USA - North Korea - Iran - other sanctioned countries

4 instruments regulated

  • Stocks
  • Options
  • Futures
  • CFD
Licensed brokers

Brokers licensed by BaFin

40 brokers on the Wikilix record hold a licence from BaFin; the 10 highest-scored are below, and the finder searches them all.

40 brokers

  1. Rank 1

    IG

    Regulated    Bermuda · since 1974    Wikilix score 75.0
  2. Rank 2

    RoboMarkets

    Regulated    Cyprus · since 2012    Wikilix score 74.0
  3. Rank 3

    Change

    No Regulation    Estonia · since 2001    Wikilix score 66.0
  4. Rank 4

    MultiBank Group

    Regulated    Hong Kong · since 2010    Wikilix score 60.0
  5. Rank 5

    CMC Markets UK

    Regulated    United Kingdom · since 1989    Wikilix score 59.0
  6. Rank 6

    GBE brokers

    Regulated    Cyprus · since 2013    Wikilix score 58.0
  7. Rank 7

    LegacyFX

    Regulated    Cyprus · since 2016    Wikilix score 57.0
  8. Rank 8

    TRADE REPUBLIC

    Regulated    Germany · since 2015    Wikilix score 55.0
  9. Rank 9

    Admirals

    Regulated    Seychelles · since 2019    Wikilix score 55.0
  10. Rank 10

    Commerzbank

    Regulated    Russia · since 1870    Wikilix score 54.0

About this information

The details on this page about Federal Financial Supervisory Authority were compiled from the regulator’s own official documents, its website and other public sources, and are presented as neutral, factual guidance.

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