Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)

Jurisdiction

Bundesanstalt für Finanzdienstleistungsaufsicht is the financial regulator of Germany, established in 2002. Its licence applies to the broker entity registered there and to the clients that entity serves.

Role

Germany's federal financial supervisor, applying MiFID II and its own CFD product intervention.

Segregated client money, negative balance protection and a compensation scheme or its equivalent. Retail leverage cap: 1:30 on major currency pairs.

Licence verification

Search the BaFin register by the firm's legal name or licence number, confirm the licence is current and covers dealing in forex or CFDs for retail clients, and compare the website listed with the one you are using.

BaFin website (opens in a new tab)

Client protections

Compensation: EdW compensation scheme, up to €20,000.

Brokers regulated by BaFin

4 brokers in our database hold a BaFin licence through at least one entity. The licence applies to that entity only; check which one serves your country.

CMC Markets 8.0/10

Tier-one regulated FCA, ASIC, BaFin, MAS, FMA New Zealand, CIRO Canada, DFSA

ReviewVisit CMC Markets (opens in a new tab)

IG 8.0/10

Tier-one regulated FCA, ASIC, BaFin, FINMA, MAS, FMA New Zealand, JFSA, DFSA, BMA, NFA/CFTC

ReviewVisit IG (opens in a new tab)

Libertex 7.8/10

Tier-one regulated CySEC, BaFin cross-border registration

ReviewVisit Libertex (opens in a new tab)

Trading 212 6.3/10

Tier-one regulated FCA 609146, BaFin 10109603, CySEC 398/21, ASIC AFSL 541122, Bulgarian FSC RG-03-0237

ReviewVisit Trading 212 (opens in a new tab)

Regulatory facts are the authority's own published position at the last check. Verify any licence on the register before depositing.