FXTRADING.com Germany Review 2024 - TU expert opinion
Is the Forex market legit in Germany?
Forex trading is absolutely legal in Germany. A large part of the country’s residents conduct active investment activity, including through trading currency pairs. The operation of Forex brokers is under supervision of specialists of the Federal Financial Supervisory Authority (BaFin) and also ESMA regulatory organizations. The regulators issue licenses only to reputable brokers with high financial potential for the protection of interests of their users.
Germany is an EU member and therefore all brokers must comply with the MIFID rules. Traders from Germany can work with organizations that are registered in other EU countries. There are no restrictions in this regard.
How to Trade Forex in Germany
In order to start trading, you need to choose a local or international brokerage company and register on its website. You will need to verify your account in order to receive full access to all services offered by the broker. Next, you need to fund your account and install a trading platform on your computer. Once the money is credited to your account, you can start trading.
Analysis of the Main Features of FXTRADING.com in Germany
Traders Union analysts analyzed the key features of FXTRADING.com for traders from Germany. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for FXTRADING.com traders from Germany
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of FXTRADING.com trading conditions for traders from Germany. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
💻 Trading platform: |
Desktop MT4, Mobile MT4, Web Trader MT4, MT5
|
---|---|
📊 Accounts: |
Alpha Account, Standard Account
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💰 Account currency: |
AUD, USD, EUR, GBP, SGD, NZD, CAD
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💵 Replenishment / Withdrawal: |
Xpay, PayTrust, Southeast Asia Local Bank Transfer and Spayz
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🚀 Minimum deposit: |
50$
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⚖️ Leverage: |
1:500
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💼 PAMM-accounts: |
Yes
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📈️ Min Order: |
0.01
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💱 Spread: |
Raw Spreads
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🔧 Instruments: |
Forex Currency Pairs, Commodities, CFDs on Indices, Spot Metals, Share CFDs, Energies, Crypto CFDs
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💹 Margin Call / Stop Out: |
100%/50%
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🏛 Liquidity provider: |
No
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📱 Mobile trading: |
Mobile Platforms
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➕ Affiliate program: |
Yes
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📋 Orders execution: |
Market execution
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⭐ Trading features: |
Web Trader; Crypto CFDs; Customer support 24/5.
|
🎁 Contests and bonuses: |
Yes
|
FXTRADING.com Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by FXTRADING.com for traders from Germany. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
The broker compensates for non-trading fees on deposits and withdrawals. As a fee for performance of transactions with financial instruments, FXTRADING.com charges spread (Standard accounts) or spread + commission per lot (Pro accounts).
Account type | Spread (minimum value) | Withdrawal commission |
Standard | $10 | No |
Pro | $3.5 | No |
FAQs
Is FXTRADING.com legal in Germany?
Yes. FXTRADING.com operates legally in Germany. The broker holds the necessary licenses.
Can you learn trading with FXTRADING.com? Does the broker offer courses for traders from Germany?
Yes, FXTRADING.com offers good trading courses and a lot of educational information for clients from Germany.
Can FXTRADING.com be trusted? Has the broker been operating in Germany long?
FXTRADING.com has been operating in Germany quite long and has a good reputation. Therefore, traders can work with FXTRADING.com.
Is FXTRADING.com suitable for novice traders from Germany?
Yes. FXTRADING.com offers optimal trading conditions and good education for beginners from Germany.
How efficient is FXTRADING.com customer support in Germany?
FXTRADING.com offers a sufficient number of ways to contact customer support in Germany, and also provides support in the state language.
Has FXTRADING.com had any incidents involving theft of funds of clients from Germany?
No. FXTRADING.com provides reliable security of funds of clients from Germany.
Will I be able to file a lawsuit in Germany if FXTRADING.com violates my rights?
Yes. If FXTRADING.com violates your rights, you can file a complaint with the regulator of Germany, and then with a court.
Can FXTRADING.com clients from Germany use the broker’s mobile app?
Yes. The mobile app of FXTRADING.com is available for the clients from Germany.
Does FXTRADING.com provide Germany market analysis?
Analysis of Germany is featured in the information provided by FXTRADING.com.
How can I withdraw funds from my account at FXTRADING.com in Germany?
FXTRADING.com supports bank transfers and debit/credit cards of the banks operating in Germany.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!