Author:
Alexander Foster
Last Updated:
17/08/2022
Table of Content
- Who should make use of this CFD broker comparison? What you need to know
- Is CFD trading legal in Germany? It helps to know
- Top 5 steps for a secure & fair CFD trading experience – In our opinion
- This is how our experts test the best CFD brokers in Germany – We take away all the hassle
- Checklist: This is how you find YOUR perfect CFD broker! Every trader is different
- What else can you trade online in Germany? It helps to know
- Conclusion – Find the best CFD broker in Germany
- Best CFD broker in Germany FAQ
Who should make use of this CFD broker comparison? What you need to know
This broker comparison is aimed at novice investors as well as more experienced CFD traders. You need to feel comfortable with any chosen site, and at ease with the platform. It’s also important to find out whether sites are optimised for mobile use, if you want to trade while on the go.
Newbie traders will find it helpful to work through training and webinars to inform their trading strategies, while experienced traders will enjoy partnering with sites that provide top notch research tools for winkling out the right deals. Find the best online trading platform today with TradersBest!
Is CFD trading legal in Germany? It helps to know
BaFin, the German regulator, restricted the sale of CFDs in Germany in 2017. Any CFDs which give rise to an additional payment obligation are banned throughout Germany. This restriction applies to the marketing, distribution and sale of CFDs to retail investors in any circumstances where the investor is obliged to make additional payment.
BaFin does act to close down unlicensed platforms offering CFDs for trade, so it’s vital to use a licensed platform providing legal online CFD trading in Germany.
CFDs without the additional payment obligation are still permitted on the market and can continue to be distributed to retail investors. If you’re looking for CFD trading Germany, it’s a good idea to consult our CFD broker list for Germany for more detailed information.
Top 5 steps for a secure & fair CFD trading experience – In our opinion
As already noted, CFD trading in Germany is regulated, so it’s important for you to use a licensed broker with a track record in the CFD arena. Here’s our pick of the top five steps for a secure and fair CFD trading experience and to help you choose the best CFD broker in Germany:
This is how our experts test the best CFD brokers in Germany – We take away all the hassle
All of our reviews are based on first-hand experience: we test out all the brokers we recommend to ensure your total satisfaction with the service provided. Just some of the objective tests we conduct are detailed below to help you in your search to find the best CFD broker in Germany.
Usability
It’s vital to check the usability of platforms to ensure that your satisfaction is guaranteed. The last thing you need is a slow and sticky site with frequent downtime.
Trading platforms
We test out trading platforms to check for the general user experience and customisation options. We know how important it is to feel comfortable with the platform you’re using, whether it’s a mobile platform or dedicated to desktop users only.
Account types
Some platforms offer a variety of different accounts to suit user needs. We look into the different types of account you can open on a site and discuss whether they are worthwhile. If VIP accounts are available we’ll let you know, alongside informing you just how much you’ll need to invest to continue to qualify for VIP status.
Payment options
The best CFD brokers in Germany offer a variety of different payment options to suit client expectations. We appreciate that you may prefer paying with credit cards or even cryptocurrencies, so we’ll flag up just what deposit and withdrawal methods are available to you.
Customer support
We personally test out the customer support options available at brokers. It’s important that problems and queries can be resolved quickly and easily, so we check out the live chat services, email support and phone services offered by each broker, so we can reliably inform you about how easy it is to fix problems and issues.
Check out our top-rated CFD Brokers in Germany:
70.8% of retail investor accounts lose money when trading CFDs
Checklist: This is how you find YOUR perfect CFD broker! Every trader is different
Every trader has different expectations from their preferred CFD broker. We know just how important it is to find the right broker, so we’re posting a few pointers to help you work out just what kind of investor you are, and help you find the best CFD broker in Germany to suit your needs.
Are you a newbie investor or an experienced trader?
If you’re new to the world of CFD trading in Germany, then you’ll appreciate all the help you can get. This means it’s important to find a broker that offers comprehensive education tools to inform your investment strategy. You might also find that trading in Demo mode helps you learn the ins and outs of CFD trading. If, on the other hand, you’re an experienced trader, you’ll probably appreciate good quality research tools to help you locate the best deals at the right prices.
The right platform is key to comfort
Will you be accessing your CFD broker in Germany while on the go or will you be locked into your laptop or desktop computer? If you plan to use your mobile to trade CFDs in Germany, you’ll want to look for a broker with a site that’s optimised for mobile use. Of course, the reverse is true if you plan to use your desktop or laptop to trade CFDs.
What else can you trade online in Germany? It helps to know
You can also trade stocks and shares in Germany, as well as forex. The forex trading market is highly regulated and it’s important to find a MiFid-compliant broker. We recommend that you check out some of our useful brand reviews to learn more about trading in Germany and to familiarise yourself with this market.
Conclusion – Find the best CFD broker in Germany
Now you’ve read through this informative article it’s time to put your learning to the test and source the best CFD broker in Germany to suit your needs. We know how keen you must be to start trading, but it’s still important to conduct checks and tests of all your preferred brokers.
Ideally, source a broker with a large knowledge base to help you learn more about trading CFDs, and definitely check out the usability of your chosen platforms before committing yourself to any financial expense. If you’re travelling to Africa in the near future why not check out our CFD trading Nigeria guide for more information? When you partner with TradersBest you get access to the most illuminating reviews and studies to help ensure your investing is enjoyable and safe!
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