BaFin
Federal Financial Supervisory Authority
Germany
Tier 1 - strictest
What the BaFin does
BaFin supervises banks, insurers and investment firms in Germany. It was the first European regulator to force negative balance protection on retail CFD accounts, ahead of ESMA.
Protections for traders
- Mandatory negative balance protection
- Deposit protection via EdW up to €20,000
- Leverage capped at 1:30 for major FX pairs
- Segregation of client assets
- Strict marketing and risk-warning requirements
Best BaFin-regulated brokers
Ranked by BrokaBoy score, with ties listed alphabetically.
CMC Markets
9.3/10· Trustpilot 4.2 (3,386 reviews)
Advanced charts, LSE-listed
Min Dep
$0
Spread
0.0 pips
Leverage
1:30
Affiliate link - see our Methodology
Pepperstone
Featured9.2/10· Trustpilot 4.2 (3,580 reviews)
Award-winning execution speed
Min Dep
$10
Spread
0.0 pips
Leverage
1:400
Affiliate link - see our Methodology
IG
9.0/10· Trustpilot 3.7 (9,975 reviews)
FTSE-listed global leader in CFDs and spread betting
Min Dep
$0
Spread
0.6 pips
Leverage
Up to 1:30 (retail, UK/EU)
Affiliate link - see our Methodology