The Best Brokers In Germany (Mar 2022)
After researching dozens of online platforms and personally testing the most highly recommended of them, we strongly believe Capital.com is the best online trading platform in Germany. With zero fees on intra-day trading, a lightning fast web platform and their proprietary Negative Balance Protection, Capital.com gives you the best chance at financial success with a clean, easy-to-use interface.
The fact that you’re reading this tells me you know how tough it can be to find a good online trading platform in Germany. There’s so much information out there that just getting started with a stock broker in Germany can be overwhelming.
That’s why we wrote this guide: to cut through all the nonsense and give you a clear, pointed answer of who you should open your trading account with. We’ve researched dozens of online trading platforms from all over the world, tested many of them, and have paid particular attention to local German brokers as well.
By the end of this post, you’ll have all the tools and information you’ll need to make your first online trade within the next 15 minutes. And no, that’s not an exaggeration. Let’s get started.
#1 Who This Guide Is Written For
This post is geared at a few specific groups of people:
- People living in Germany looking to amplify their wealth
- People looking at moving to Germany seeking an income stream to sustain their lifestyle
- Current or past professional traders looking to trade and profit outside of the office
- Frequent travelers looking to trade part-time while on the road
- Anyone else interested in learning about CFD trading in Germany, forex, cryptocurrency, and the ins and outs of day trading
If you fit into one (or several) of these groups, read on. If not, this probably isn’t the right guide for you, and you may want to do some more Googling around.
#2 Who This Guide Is Not Written For
There’s one group of people that the recommendations in this guide are not appropriate for: absolute beginners. If you don’t know what “forex” means, you’re in the wrong place. I can’t recommend anyone lacking a base understanding of financial knowledge—whether you’ve gained that understanding through your career, courses at university, or by teaching yourself online and with books—to start trading, since the odds are very high that you’ll lose money. If you don’t know the basics of trading equities, forex pairs and CFDs, go do your homework and come back later. You’ll be in a much stronger position when you’re ready to actually start trading, and you’ll be glad you waited.
(Note: Many online trading platforms, including the one I highly recommend, allow beginners to trade with paper (fictional) money while they get the hang of things. Still, please do not trade with your hard-earned money if you aren’t confident that you know what you’re doing. Losing money is not fun.)
#3 Our Selection Process
If you’re like most people, you want a few specific things out of your online trading platform:
- Low or Zero Fees: This is key for day trading, where bid-ask spreads can already take a big chunk out of your profits.
- Speed: Since you’ll be day trading, having up-to-the-second prices is extremely important. Any platform that has delayed pricing or causes your laptop to run slowly is no good.
- Ease of Use: Ease of use is crucial. When you’re in the heat of a trade, with thousands of dollars on the line, the last thing you want is a clunky trading platform that causes you to make a mistake. As such, we’ve only considered trading platforms that have intuitive, easy-to-use interfaces combined with robust back-ends that are powerful enough to handle all of the transactions you want to make.
- Compatible With Germany: I don’t mean that the platform has to be exclusive to people living in Germany. I mean that it needs to work extremely well with Germany’s existing infrastructure. For example, the platform needs to accept the most common funding methods in Germany, allow both German citizens and foreigners living in Germany to sign up and start trading with ease, and offer customer support in timezones that match with the waking hours of Germany.
With these four primary criteria in mind, we dug into dozens of online reviews about these platforms to see what long-time users were saying. We used these reviews to select the top twelve for our own round of testing, where we tested them on just about everything we could think of.
One early thing we noticed was that just about every platform was bound by a lot of regulatory oversight, which makes for a horrible signup process, or it had high/hidden commissions and fees. There were a few that performed well, though, and one that stood out from the pack as being far better than the rest.
We ranked each platform on more than a dozen metrics. We found these to be the most telling:
- Price Accuracy: Using a script that logs equity prices in real-time, we retroactively compared each platform’s prices over multiple intervals with the prices provided by a Bloomberg terminal, which was used as our control. The closer a platform’s prices were to the Bloomberg terminal, the more accurate we deemed the platform to be.
- Bid-Ask Spread: At the same time as we captured prices, we also captured bid-ask spreads and compared them in real-time to the price of the underlying equities. Lower bid-ask spreads are better, of course.
- Commissions & Fees: We looked at commissions and fees on everything: funding your account (using various methods), per-trade fees, bid-ask spreads, overnight fees, withdrawal fees, monthly or annual membership fees, and any other miscellaneous fees we could find that would be relevant to a regular user. Some platforms had extremely high fees (eg. $200 USD) to solve very unlikely circumstances, but we opted to ignore these fees since 99+% of users would never find themselves in those situations.
- Customer Support: Each of our testers was given a unique set of scripts to simulate common and uncommon problems they would pose to each platform. They measured response time and indicated the quality of support they received.
- Ease of Use: This is a subjective metric, but still an important one. We measured ease of use by having each of our testers perform a series of tasks (buying equity, setting a stop-loss, funding their account, and more) and recording both how long those processes took and whether they encountered serious difficulty or frustration in doing so.
- Signup Speed: We had multiple German citizens, plus multiple foreigners living in Germany (of various nationalities), sign up for each of the platforms and logged how much time it took them to be approved, from when they first reached the website to when they were in a position to make their first trade.
After looking at all of this data, both qualitative and quantitative, we identified three online trading platforms that stood out from the rest. None of them were Germany-specific platforms since our in-depth research process told us that none of the local competitors were quite as good as these international heavyweights. However, because so many people in Germany really love some of the other players—platforms like XTB, DEGIRO, and Saxo Bank—we’ve included side-by-side comparisons of each of those below. Many of the costs included below are in $ USD, since that’s the currency these online trading platforms use.
Here’s a side-by-side comparison of the top three.
|Minimum Initial Deposit||$0||$0||$200|
|Inactivity Fee||$0||$10/month||$5/month (after 12 months)|
|Funding & Withdrawal Options||Excellent||Poor||Excellent|
|Intra-Day Trading Fee||$0||$0.005 per share (minimum $1 per trade)||$0|
|Commissions & Fees||Excellent||Good||Average|
|Ease Of Use||Excellent||Poor||Good|
A quick look at this chart makes one thing extremely clear: Capital.com is the best online trading platform in Germany. With an easy-to-use web and mobile interface, extensive (and free) funding and withdrawal options and zero fees on intra-day trading, it’s an ideal choice for most people.
Capital.com vs. eToro
We like Capital.com over eToro for a number of reasons, but mainly because it has much lower fees:
- Zero Withdrawal Fees: eToro charges a $5 fee on every withdrawal regardless of size. Capital.com never charges a withdrawal fee.
- Zero Inactivity Fees: eToro has an inactivity fee of $5/month after 12 months of inactivity. Capital.com never charges an inactivity fee.
- Zero Currency Conversion Fees: eToro’s currency conversion fees are high when you fund your account with a currency other than USD. Capital.com allows you to hold currency in any of British Pounds (GBP, £), Euros (EUR, €), U.S. Dollar (USD, $), or Polish Zloty (PLN, zł), so you probably won’t need to convert currency to fund your account. I recommend funding your Capital.com account with your N26 Black or N26 Metal account to ensure your account gets funded ultra-fast and with zero fees.
eToro is good, but it imposes a lot more fees than Capital.com, including fees that don’t provide any value to users (eg. inactivity fees). That, combined with Capital.com’s tighter bid-ask spread and better customer support give us full confidence that Capital.com is a better choice than eToro.
Capital.com vs. Interactive Brokers (IBKR)
We like Capital.com over Interactive Brokers (IBKR) for a number of reasons:
- Funding & Withdrawal Options: Probably the biggest pain-in-the-ass when it comes to IBKR is that you can only fund and withdraw money from your account by way of a wire transfer. This was fine a number of years ago when banking was done in branches, but today, it’s completely unacceptable. Interactive Brokers won’t accept funds from debit cards, credit cards or PayPal, nor will it pay out in any way other than a bank wire. Capital.com works with just about every payment you can imagine, and I regularly fund my Capital.com account from my N26 bank account, where the money arrives in less than thirty seconds.
- Ease Of Use. Anyone who has used IBKR knows that their interface is powerful, but far from intuitive. The app often has users going in circles and doesn’t make it clear how to perform simple transactions like buying and selling equity. The web interface is no better. By contrast, both Capital.com’s app and web interface are extremely intuitive and easy to use.
- Zero Inactivity Fees. IBKR charges a $10 monthly inactivity fee, and even if you use your account in a given month, they’ll still charge you at least $10. For example, if your trades for the month add up to $4 in commissions, IBKR will charge you $6 more on top to ensure they get their $10 per month. Capital.com never charges any monthly fees.
Interactive Brokers is a fine option, but it can be both difficult and expensive to fund your account with them since you can only pay with a bank wire. This is a particularly big problem for those of us in Germany, where banking infrastructure is quite different from those of the United States and much of Europe. Plus, IBKR’s clunky, non-intuitive interface feels archaic next to Capital.com’s sleek, modern user experience. We’re very confident that most people will prefer Capital.com over Interactive Brokers.
#4 Capital.com Is The Best Online Trading Platform In Germany
Founded in 2016, Capital.com is one of the largest investor-centered financial technology (“fintech”) companies in the world. It serves more than 300,000 clients of all experience levels, who buy and sell millions of financial instruments through contracts-for-difference, also known as CFDs.
Capital.com’s artificial intelligence-based app allows traders to leverage the power of artificial intelligence to trade CFDs on a range of financial instruments, including stocks, cryptocurrencies, indices, forex pairs, commodities and more. For traders looking for a more sophisticated way of approaching the markets, Capital.com’s AI-driven platform has the answer.
Other Capital.com review posts only seem to mention a few of the site’s features and are quite brief when comparing its advantages and disadvantages. I prefer to be much more thorough, so the information below should help guide anyone looking for a better, smarter way to trade financial instruments through CFDs.
#5 Features Of Capital.com
Most people find themselves falling into one of two distinct modes on Capital.com: Learning Mode and Trading Mode.
In Learning Mode, you can study the markets, learn the basics of trading CFDs, and brush up on breaking news in your specific areas of interest. These are the features you’ll enjoy in Learning Mode:
- Free financial webinars
- Educational courses for traders
- Extensive markets glossary
- Comprehensive CFD trading guide
- Cryptocurrency trading tutorial
- Investmate, Capital.com’s investor education app
In Trading Mode, Capital.com’s artificial intelligence helps you to confidently navigate through market ups and downs and decide what and when you want to trade. In short, Capital.com lets you trade from a position of both power (based on its AI) and knowledge (based on its financial tutorials and materials). These are the features you’ll enjoy in Trading Mode:
- Mobile trading app
- Robust web trading platform
- Real-time prices
- Real-time financial news
- Stops & limits
- Negative Balance Protection on levered trades
- Competitive swap rates
- Hedging mode
- Risk management tools
- 70+ tech indicators
- Trader sentiment
What is it like to trade on Capital.com?
If you’re familiar with the look and feel of a Bloomberg terminal, then you’ll feel right at home with the Capital.com trading platform.
If not, though, you certainly won’t be left in the dark.
When I first began trading on Capital.com, I was truly surprised with how easy and simple using the site was. I learned my way around the platform in a matter of minutes and made my first successful trade less than 10 minutes after beginning the signup process.
What’s even better is that as I used the platform over the ensuing days and weeks, I discovered additional depth and functionality that surprised me even more. The trading platform has managed to be simple without being simplistic.
Three Quick Benefits Of Trading On Capital.com:
- No Fees: That’s right, there are no fees when you day trade with Capital.com. If you hold your positions overnight, you will be charged a very small (0.001% to 0.05%) fee, which is extremely good when compared to the fees and commissions many other platforms charge, which are often 0.5% or more per trade.
- Easy To Use: This couldn’t be more important to me. I’m not a professional trader (ie. I don’t work at a bank or hedge fund), so I like my trading platform to be straightforward enough that I can understand it easily, yet robust enough that it can do everything I need it to do. Capital.com strikes this balance perfectly.
- Lightning Fast: My laptop is getting older, so it slows down quite a bit when I overload it, especially in Google Chrome. Yet Capital.com’s trading platform has never slowed down or frozen my laptop. Not even once. I see up-to-the-second price updates coming in all the time, and I have no problem whatsoever trading with real market data in real time.
You can try out the Capital.com trading platform completely free before verifying your identification or funding your account. Just sign up below to take a look around.
What equities and financial instruments can you trade on Capital.com?
The short answer: all of them.
The entire marketplace is at your fingertips at Capital.com. For clarity and ease of use, each type of security has its own page on the website, but here’s the general breakdown:
- Stocks/Equities: Stock CFDs are one of the best ways to take advantage of general or niche market trends. Capital.com gives traders the ability to personalize your experience and deal with targeted areas of the market or whole swaths of economic activity at once. Currently you can trade on equities from stock markets in the following countries: United States, United Kingdom, Germany, France, Hong Kong, Italy, Norway, Russia, Spain, Sweden, Switzerland.
- Indices: Trade CFDs backed by indices, with nearly 20 of the most heavily-traded global indices—including the S&P 500, the NASDAQ 100, the Dow Jones 30 and the FTSE 100—sorted however you want to see them: based on volatility, biggest gainers, biggest losers, or most traded. Configure charts for any time frame that makes sense for you: hourly, daily, weekly, monthly, etc.
- Forex: It’s easy to trade global currencies via CFDs when you have access to nearly 100 of the most-traded currency pairs. Each pair listed on Capital.com features up-to-the-second buy/sell data and change percentages. Every instrument listed comes with a full range of functionality so you can use targeted charting, view volatility and examine risers and fallers, or hone in on trading volume.
- Commodities: Play the popular world markets like oil, natural gas, gold, silver, and copper, as well as less popular markets like orange juice, carbon emissions and palladium all from a single platform, all based on real-time data and 100% functional capability.
- Cryptocurrency: Trade more than two dozen of the world’s most relevant cryptos, including Bitcoin (BTC), Ethereum (ETH), Ripple (RPL), Litecoin (LTC) and Bitcoin Cash (BCH) with the added security of not owning them, not having to fret about liquidity, and having access to a wealth of trading data before making a move.
#6 Comparing The Best Stock Brokers In Germany
After doing our global research and isolating Capital.com as the best trading platform for users around the world, we dug even deeper to ensure that that still held true here in Germany. And as we compared the most popular German web platforms, we made a few key discoveries about Capital.com:
- Much More Accurate Pricing. Our research showed again and again that nearly all of Germany’s trading platforms offer less accurate pricing (and larger bid-ask spreads) than the international platforms. This probably has something to do with currency conversion, since trading on U.S. and other international markets while using Euros is going to be expensive. This is something most users overlook, but the small spread differences have a big impact on your profits over time.
- Zero Fees. Without exception, all of Germany’s online trading platforms charge fees for items that Capital.com does not. For example, they often charge intra-day trading fees and have high minimum initial deposits (see the chart below), while Capital.com never imposes either.
- Better Interface. While some of the local trading platforms are reasonably well-designed, only DEGIRO comes close to the clean, easy-to-use interface of Capital.com. This doesn’t mean that Capital.com is trading robustness for simplicity—it’s still more than powerful enough to do everything you want it to do. It means that these trading platforms don’t have designs that are as user-friendly as Capital.com, and that makes a big difference when it comes to making smart, successful trades.
|Capital.com||DEGIRO||XTB Online Trading||Saxo Bank|
|Intra-Day Trading Fee||$0||0.058% + €4||0.08% and up||$0.02 per share ($15 minimum)|
|Minimum Initial Deposit||$0||$0||$250||min $2,000|
Let’s quickly look at each of these in turn.
Capital.Com Vs. DEGIRO
DEGIRO is a trending Dutch online discount broker, registered with the Chamber of Commerce and Industry in Amsterdam. It is privately owned and was established in 2013 by former employees of another brokerage company. It is considered safe because it is regulated by top-tier financial regulators, the Dutch AFM and DNB.
Here’s why we prefer Capital.com over DEGIRO:
- Zero Trading Fees: DEGIRO’s trading fees of 0.058% plus €4 per trade sounds small, but it adds up quickly if you’re doing regular trades. There is a domestic discount if you’re trading locally, but their trading fees are still non-zero. Capital.com never charges any trading fees.
- Easier Account Opening Process: Opening an account with DEGIRO takes several days and can be quite a frustrating process, since the location of your primary bank account (not where you hold residence) is what matters. DEGIRO also offers five types of accounts, but not all of them are available in all of the countries they operate in, and you can be banned from using their service if you’re not a resident of one of their approved countries. On the other hand, you can open and verify your account with Capital.com and start trading within 15 minutes.
- Far Better Withdrawal Options: DEGIRO has strict rules on bank transfer deposits and withdrawals. They only allow transfers from bank accounts in your name from accepted countries. If you want to withdraw your funds, you’re limited to withdrawing via bank transfer (SOFORT and Trustly are not available). Capital.com has many more withdrawal options, including credit card, bank transfer, debit card, SOFORT, iDeal, Giropay, Multibanko, Przelewy24, QIWI, Webmoney, Trustly, Neteller and Skrill. You’re never charged a fee to deposit or withdraw money with Capital.com.
Capital.com vs. XTB Online Trading
XTB Online Trading was founded in 2002 and is one of Europe’s leading brokers. It’s also another of the favorite web trading platforms in Germany. However, there are a few key weaknesses with XTB. Here’s why we prefer Capital.com over XTB Online Trading:
- No Minimum Initial Deposit: The XTB initial deposit of $250 isn’t that big of a deal, but it can be a pain if you want to just try out the platform before making a real investment. Capital.com doesn’t have an initial deposit.
- Zero Withdrawal Fees: XTB charges a fee for small withdrawals: if you want to withdraw less than €80, you’ll get hit with a whopping €16 fee, or 20%. This significantly discourages smaller traders. Capital.com never charges a withdrawal fee.
- Better Customer Support: XTB offers phone, email and live chat support, but many customer reviews call the support team pushy, encouraging you to make trades when that may not be your intention. On the other hand, Capital.com’s support team has received excellent reviews.
Capital.com vs. Saxo Bank
Saxo Bank is another popular web trading platform, but when you look into its fee structure, it really pales in comparison with Capital.com. Here are a few reasons we prefer Capital.com over Saxo Bank:
- No Ridiculously High Minimum Initial Deposit: Saxo Bank’s regular minimum initial deposit is $2,000. This is a really high minimum initial deposit, and enough to turn most people off from opening an account with Saxo Bank. Capital.com has no minimum initial deposit.
- No Trading Fees: Just like IG, Saxo Bank charges very high trading fees. It charges $0.02 per share on every trade, whether it’s a day trade or not, with a minimum of $15 per transaction. That’s $30 in trading fees just to buy and sell a stock one time. Capital.com never charges trading fees.
- No Inactivity Fees: Saxo Bank also charges a $100 inactivity fee every 6 months if your account has been inactive for 6 months. This is extremely high as far as inactivity fees go, especially when you compare it to Capital.com, which doesn’t charge inactivity fees of any kind.
- Credit Card Withdrawals: Believe it or not, Saxo Bank doesn’t support withdrawals by credit card. This is a big disadvantage since most users don’t want to wait for their money while it’s in the withdrawal process. It also looks terrible next to Capital.com, which I regularly fund in less than 60 seconds using my N26 Black card, and have that money back on my credit card within a couple of hours. That’s not an exaggeration—Capital.com is blazing fast, and that makes a big difference when you’re trading with thousands of dollars on the line.
- Live Chat: More and more customer service is being done over live chat these days, but Saxo Bank still hasn’t implemented live chat functionality. Many users have also complained that the support staff at Saxo Bank is pushy, and will even call them multiple times to try and get them to fund their account. Capital.com has live chat, never pressures its users, and offers quick responses over email, too.
#7 Cryptocurrency Trading In Germany
You can trade dozens of the most popular crypto pairs via Capital.com. That means Bitcoin, Ripple, Ethereum, Litecoin and dozens more. It’s as easy as checking out the latest market data on a given pair and then making a trade.
Keep in mind that because you’re trading CFDs and not the actual underlying cryptocurrency itself, you won’t need a cryptocurrency wallet to execute these trades (nor will you receive the keys to your crypto assets). This works the exact same way as trading in the commodities markets: when you buy a million kilograms of wheat in the commodities market, no one has to actually deliver the wheat to you. Instead, the option on the wheat is known to be yours, and you can sell it at whatever time you choose.
This is quite a revelation for Germany, where trading cryptocurrency is notoriously difficult. In less than ten minutes, you can start trading cryptocurrency CFDs with Capital.com.
Two more bonuses of trading cryptocurrency CFDs with Capital.com:
- Margin Trading: Trade with a leverage of 2:1, which allows you to invest twice the amount of money you actually have. That means that if a cryptocurrency jumps by 50%, your return will actually be double that, or a 100% gain.
- More Secure: Cryptocurrency trading comes with an inherent amount of risk since you’re generally holding your crypto balances on wallets that you don’t wholly control. When you trade cryptocurrency CFDs, though, you’re actually trading an asset that’s backed by the various regulatory bodies that govern Capital.com, making the process much more secure and reliable.
#8 My Experience With Capital.com
My personal experience with Capital.com has been extremely positive for a number of reasons:
- Extremely easy to get started: I made my first trade within 10 minutes of beginning the signup process, which is absolutely unheard of when it comes to joining a new trading platform. Normally it can take days or even weeks to get set up with someone like Interactive Brokers, but Capital.com has streamlined this process in an impressive way.
- Total transparency: I like that whenever I make a trade, everything is laid out in front of me: a description of what I’m buying, how much I’m paying for it, what price I need to sell it for to make my intended profit, etc. Many trading platforms used by professional traders are too overwhelming for the non-professional, but Capital.com caters to both groups very well.
- An incredible app: Of all the apps I’ve tried over the years, Capital.com has the best trading app hands-down. It’s both intuitive and powerful and gives you AI-led suggestions to help aid you in your trading. I used to do 100% of my trading from my laptop, but more and more I now find myself buying and selling my positions from within the Capital.com trading app.
I’ve been using Capital.com to trade stocks (5:1 leverage) and a few forex pairs (20:1 or 30:1 leverage) for the past number of months, and I haven’t encountered any problems yet, big or small.
#9 Pricing & Fees
One of the things I like most about Capital.com’s fee structure how clear it is:
- 0% fees on day trading
- 0% fees for deposits, withdrawals, real-time quotes, trade opening/closing, educational materials, charts, or use of indicators
- Very small fees (0.001-0.05%) fees on overnight positions
Let’s unpack these individually.
0% fees on day trading: This is exactly what it sounds like—absolutely no fees outside of the bid/ask spread. Capital.com’s commission is baked into the bid/ask spread, which is always made clear before you execute a trade, so they’ll never surprise you with an unexpected fee. Bid/ask spreads can be as low as $0.00002.
0% fees for deposits, withdrawals, real-time quotes, trade opening/closing, educational materials, charts, or use of indicators: Deposits and withdrawals are completely free, meaning you can pay $1,000 from your credit card and have $1,000 show up in your account moments later (funding your account really is instant like this). In rare instances, Capital.com does charge fees for inactivity of more than one year ($10 USD for maintenance).
Very small fees (0.001-0.05%) fees on overnight positions: The only time you pay trading commissions with Capital.com is when you hold your positions (either long or short positions) overnight. Then they charge an extremely low nightly fee, such as 0.001%. For reference, most other trading platforms charge something like a 0.5% commission per trade, which means in this example, Capital.com’s fee is 1/500 that of the other platforms.
#10 How To Sign Up
There are a few things you need to sign up for Capital.com:
- You must reside in one of the following countries: Argentina, Armenia, Austria, Azerbaijan, Bahrain, Bulgaria, Cambodia, Chile, Croatia, Czech Republic, Denmark, Estonia, Finland, Georgia, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Italy, Kuwait, Kyrgyz Republic, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Mexico, Monaco, Norway, Oman, Pakistan, Philippines, Poland, Portugal, Qatar, Romania, Slovakia, Slovenia, Sweden, Switzerland, Tajikistan, Thailand, The Netherlands, Turkmenistan, United Arab Emirates, United Kingdom, Uzbekistan.
- You must select one of these four currencies: British Pound (GBP, £), Euro (EUR, €), U.S. Dollar (USD, $), or Polish Zloty (PLN, zł).
- You need to verify your account. Read below for instructions on verifying your account with a proof of identity and a proof of address.
Verifying Your Capital.com Account
Once you’ve opened your account, you’ll be eligible to invest up to $2,000. If you want to invest more, though, you’ll need to verify your account within 15 days after opening it with both a proof of national identity (passport, national ID or driver’s license) and a proof of address. For proof of address, you can use any of the following documents, provided they show your full name, address and have been issued in the past six months:
- A bank statement
- A letter from your bank with the bank’s logo
- An online banking screenshot complete with bank logo
- A credit card statement
- A household utility bill for electricity, water, gas, TV or your landline phone
- A tax statement or local authority tax bill
- A residence certificate
I uploaded my documents (my Canadian passport and a statement from my N26 bank account) on a Wednesday afternoon, and my account was verified within 10 minutes.
If you don’t verify your identity within 15 days, your account will be automatically suspended and only unlocked once your required documents have been uploaded and verified.
What About Forex Trading In Germany? Can I Trade Forex On Capital.com?
Yes, you can absolutely trade forex on Capital.com. There are hundreds of forex pairs you can trade at a leverage of 30:1. For example, the EUR/USD forex pair trades at 30:1 (3.33%) leverage, which means you can trade $30,000 worth of it with just $1,000 in your account.
Are There Any Geographic Restrictions On Capital.com? Do I Need To Use A VPN?
For security purposes, your IP address needs to be in one of the countries mentioned above when you sign up for Capital.com. If you’re in Germany, you won’t face any troubles. If you’re abroad when you sign up, you can use a VPN to redirect your Internet traffic back to Germany or to somewhere in Europe so that you’re able to sign up. If you don’t do this, you’ll see a blank screen when you click on the Capital.com website.
Once your account has been approved, things are much easier. You can freely use the Capital.com trading platform anywhere in the world without needing any sort of VPN. For example, I’m Canadian, and while I can’t sign up for Capital.com from Canada (I get the blank screen), I can trade in real-time using their online platform there.
To sign up for Capital.com, you need to live in one of the ~50 countries mentioned earlier (Germany is one of them, of course). Foreigners living in Germany can also sign up for an account with Capital.com.
Why Do I See A Blank Screen When I Try To Sign Up For Capital.com?
This means you’re not in Germany or another country where Capital.com is available. There are two ways to fix this:
- Wait until you’re back in Germany or one of the other countries listed above, or
- Use a VPN to redirect your Internet traffic to Germany or one of those other locations.
3 thoughts on “The Best Brokers In Germany (Mar 2022)”
Amazing and helpful article – do you have any source of data to get better understanding of this market in Germany (in terms of market share, number of users etc.)
Given that the industry is extremely competitive, brokers tend to hold data like this pretty tightly, and we haven’t been able to find public market share numbers or other data sources to point to at this time.
What question are you hoping that data can help you answer? If you ask it here, I’ll do my best to offer a thoughtful opinion.
Saxobank is a total scheme to rip innocent people off their hard-earned money as I have invested with them but nothing fruitful came out of it, instead, they kept demanding for more funds to be invested, after several attempts to make me deposit more had failed, they decided to lock me out of my accounts with no reasonable explanations, I had to take matters into my own hands as my financial institution couldn’t help me get my investments back.