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Best international online brokers in Germany in 2024

Written by
Adam N.
Fact checked by
Updated
3w ago
Dive into our toplist of regulated and trusted brokers that we tested with real money. Every broker is available in Germany.

Find below the strengths of the best brokers available in Germany, updated for 2024:

  1. Interactive Brokers is the best international online brokers in Germany in 2024. - Low trading fees and high interest on cash balances. Wide range of products. Many great research tools.
  2. Saxo Bank - Great trading platform. Outstanding research. Broad product portfolio. Interest paid on uninvested cash.
  3. eToro - Free stock and ETF trading. Seamless account opening. Social trading.
  4. XTB - Commission-free stocks and ETFs (for trades up to €100k per month). Free and fast deposit and withdrawal. Easy and fast account opening. High interest paid on cash.
  5. DEGIRO - One of the lowest fees on the market. Regulated by top-tier authorities. Easy-to-use web and mobile platform.
  6. Lightyear - Commission-free ETF and low commission on stock trades. High interest on uninvested cash. Quick account opening. Easy-to-use mobile trading platform.
  7. Trading 212 - Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms. Pays interest on uninvested cash.
  8. Trade Republic - Commission-free ETF and low-commission stock trading. High interest on uninvested cash. Quick account opening. Has a banking license.
  9. Plus500 - Well-designed platform. Great account opening. Quick and helpful customer support.
  10. Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
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Comparison of best online brokers in Germany

While many international online trading brokers catering to German citizens offer an excellent service, the ones in our top list go the extra mile. These international online trading platforms offer a broad range of markets and asset classes and are suitable for beginners and experienced traders alike.

Broker
Overall score
Minimum deposit
Interactive Brokers
4.9
/5
$0
Saxo Bank
4.9
/5
$0
eToro
4.8
/5
$10
XTB
4.8
/5
$0
DEGIRO
4.6
/5
$0
Lightyear
4.6
/5
$0
Trading 212
4.5
/5
$1
Trade Republic
4.5
/5
$0
Plus500
4.5
/5
$100
Oanda
4.5
/5
$0
Best online brokers in 2024

Popularity of the best online brokers in Germany

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

Fee comparison at the best online brokers in Germany

In most cases the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important fees for you in the table below.

Broker
US stock
German stock
Interactive Brokers
$1.0
$3.2
Saxo Bank
$1.6
$3.2
eToro
$0.0
$0.0
XTB
$0.0
$0.0
DEGIRO
$2.2
$5.3
Lightyear
$1.0
$1.1
Trading 212
$0.0
$0.0
Trade Republic
$1.1
$1.1
Plus500
-
-
Oanda
$0.0
-
Fees at the best international online brokers in March 2024

Other fees at the best online brokers in Germany

Other or non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.

Broker
Account fee
Inactivity fee
Interactive Brokers
Saxo Bank
eToro
XTB
DEGIRO
Lightyear
Trading 212
Trade Republic
Plus500
Oanda
Non-trading fees at the best international online brokers in March 2024

If you are unsure how brokerage fees are charged, check out this article on the various fees, charges and costs.

Financial market regulation in Germany

Financial markets and brokers operating in Germany are overseen by the Federal Financial Supervisory Authority (BaFin), the country’s market regulator and one of the most respected such authorities worldwide. BaFin has put in place one of the strictest retail market regulations in the world.

The authority has repeatedly warned traders in Germany to pay close attention to the origin of the broker or trading platform they use. Even if a website is written in German and provides German telephone numbers for contacting the provider, this does not automatically mean that the company is based in Germany.

Some providers may give the impression of being a German company or a company based in Germany, when in fact they do not have permission to do business on the German market. Check out BrokerChooser's list of not recommended brokers, which details some of the brokerages that our experts found not to be good options.

Germany’s largest stock exchange is the Frankfurt Stock Exchange (FRA), the 12th largest bourse in the world by market capitalization. The two most significant indices are the DAX and Euro Stoxx 50, which include the 30 largest German companies traded on the FRA.

Taxation of trading in Germany

Any profits made from trading financial assets such as stocks, bonds, currencies or CFDs are taxed in Germany. Interests, dividends, and realized capital gains are subject to the final withholding tax, which has a flat rate of 25% plus solidarity surcharge (5.5%) and church tax if applicable.

Financial institutions in Germany, including German brokers, will withhold the tax and pay it directly to the tax office. In the case of foreign brokers, the investor must take care of reporting and paying the taxes to the responsible tax office.

And now, let's see the top international online brokers for 2024 for residents in Germany one by one, starting with the winner, Interactive Brokers.

Recommended for traders looking for broad market access and a professional trading environment

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Interactive Brokers snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1-3 days
Inactivity fee No
Read review For a detailed analysis of Interactive Brokers services, check out our review for 2024

Recommended for investors and traders looking for a great trading platform and solid research

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Saxo Bank snapshot
Minimum deposit $0
Fees class Average
Deposit method Bank transfer, Credit/debit cards
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Saxo Bank services, check out our review for 2024

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading

Visit broker
Value of your investments may go up or down. Your capital is at risk.

eToro snapshot
Minimum deposit $10
Fees class Low
Deposit method Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay
Withdrawal method Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay
Withdrawal fee $5
Time to open account 1 day
Inactivity fee Yes
Read review For a detailed analysis of eToro services, check out our review for 2024
XTB Logo

XTB

Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal service

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76-85% of retail CFD accounts lose money

XTB snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer, Credit/debit cards, Paysafe, Skrill, ecommpay, PayU, PayPal
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee Yes
Read review For a detailed analysis of XTB services, check out our review for 2024

Recommended for traders and investors looking for execution only

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DEGIRO snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of DEGIRO services, check out our review for 2024

Recommended for investors and beginners looking for high interest rates on cash, a simple but great mobile platform, and low fees

Visit broker
Capital at risk

Lightyear snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer, Credit/debit cards, Apple Pay, Google Pay, iDeal
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Lightyear services, check out our review for 2024

Recommended for equity investors and CFD traders looking for easy-to-use trading platforms

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Trading 212 snapshot
Minimum deposit $1
Fees class Low
Deposit method Bank transfer, Credit/debit cards, OnlineBankingPL, Giropay, Carte Bleue, Blik, Direct eBanking, Apple / Google Pay, PayPal, iDEAL
Withdrawal method Bank transfer, Credit/debit cards, OnlineBankingPL, Giropay, Carte Bleue, Blik, Direct eBanking, Apple / Google Pay, PayPal, iDEAL
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Trading 212 services, check out our review for 2024

Recommended for investors and beginners looking for high interest rates on cash, a simple but great mobile platform, and low fees

Visit broker

Trade Republic snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer, Credit/debit cards, Apple Pay, Google Pay
Withdrawal method Bank transfer, Credit/debit cards, Apple Pay, Google Pay
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Trade Republic services, check out our review for 2024

Recommended for experienced traders looking for an innovative platform and a great user experience

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82% of retail CFD accounts lose money

Plus500 snapshot
Minimum deposit $100
Fees class Low
Deposit method Bank transfer, Credit/debit cards, PayPal, Skrill, Google Pay, Apple Pay, iDeal, POLi, PayNow, Blik, BPay, Klarna, GiroPay
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Skrill, Google Pay, Apple Pay, iDeal, POLi, PayNow, Blik, BPay, Klarna, GiroPay
Withdrawal fee $0
Time to open account 1 day
Inactivity fee Yes
Read review For a detailed analysis of Plus500 services, check out our review for 2024

Recommended for forex traders who value a user-friendly platform and great research tools

Visit broker
78.3% of retail CFD accounts lose money

Oanda snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller
Withdrawal fee $0
Time to open account 1-3 days
Inactivity fee Yes
Read review For a detailed analysis of Oanda services, check out our review for 2024

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How did we select the best international online brokers in Germany in 2024?

  • We checked whether the broker is regulated by a trusted regulator,
  • Compared fees (including spreads, withdrawal fees, commissions),
  • We checked and compared every aspect of their services,
  • Opened an account and tested the platform (charting, features, usability) with real money.
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FAQ

What is the minimum deposit needed to start trading in Germany?

At most of the brokers there is no set minimum deposit for trading stocks, bonds, forex or CFD in Germany. but pro traders recommend starting with at least $100.

How do you know if a broker is a scam?

The most important step when checking whether a broker is scamming you is to look up where the broker is regulated. National regulators such as the FCA in the UK, the SEC and FINRA in the US, BaFin in German are widely considered as strict and top-notch regulators and brokers working under their supervision are typically trusted service providers.

Do your due diligence by reading reviews about the specific broker and see if you are entitled to investor protection in your country in case your broker goes bankrupt. Investor protection does not apply to instances where people are scammed by their broker.

Which are the best online brokers in Germany?

The top online brokers in Germany in 2024 are:

  1. Interactive Brokers - Low trading fees and high interest on cash balances. Wide range of products. Many great research tools.
  2. Saxo Bank - Great trading platform. Outstanding research. Broad product portfolio. Interest paid on uninvested cash.
  3. eToro - Free stock and ETF trading. Seamless account opening. Social trading.
  4. XTB - Commission-free stocks and ETFs (for trades up to €100k per month). Free and fast deposit and withdrawal. Easy and fast account opening. High interest paid on cash.
  5. DEGIRO - One of the lowest fees on the market. Regulated by top-tier authorities. Easy-to-use web and mobile platform.
  6. Lightyear - Commission-free ETF and low commission on stock trades. High interest on uninvested cash. Quick account opening. Easy-to-use mobile trading platform.
  7. Trading 212 - Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms. Pays interest on uninvested cash.
  8. Trade Republic - Commission-free ETF and low-commission stock trading. High interest on uninvested cash. Quick account opening. Has a banking license.
  9. Plus500 - Well-designed platform. Great account opening. Quick and helpful customer support.
  10. Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Author of this article

Adam Nasli

Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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