Best Federal Financial Supervisory Authority (BaFin) Brokers 2026

Written By

James Barra

Edited By

William Berg

Fact Checked By

Jemma Grist

Updated

Feb 28, 2026

The Federal Financial Supervisory Authority, better known as BaFin, is Germany’s chief financial regulator that oversees online brokers. Considered a ‘green-tier’ regulator in line with our Regulation & Trust Rating, it ensures excellent safeguards for traders in Germany.

Authorized platforms must comply with various regulations, notably the Securities Trading Act. Brokers that fail to comply risk hefty penalties, with the BaFin issuing 40 fines totaling over €8.1 million in 2023 alone.

We’ve identified the best brokers regulated by the BaFin, after personally verifying their credentials on the regulator’s Database of Companies.

Top BaFin Brokers

These 1 BaFin-regulated trading platforms go the extra mile for day traders:

Your capital is at risk. Trade only with funds you can afford to lose.

Tested with a live trading account

Accept traders from United States

1

Coinbase

Rating: 3.5

Learn how we test brokers and why you can trust our ratings.

Here is a short summary of why we think each broker belongs in this top list:

Coinbase - Launched in 2012 as a platform enabling users to buy and sell Bitcoin via bank transfers, Coinbase has emerged as a crypto behemoth, expanding its services to include 240+ crypto assets, developing sophisticated trading platforms for retail investors, listing on the US Nasdaq, and securing licenses with multiple regulators. In May 2025, Coinbase also became the first crypto company to join the S&P 500, a milestone that enhances its credibility.

BaFin Brokers Comparison

BaFin Brokers Comparison
Broker	Regulated by BaFin	EUR Account	Minimum Deposit	Markets
Coinbase	✔	✔	$0	Crypto, Stocks and ETFs (US only)

Coinbase

"Coinbase is ideal for beginners looking for an intuitive platform to buy and sell a wide variety of cryptocurrencies, with robust security and regulatory compliance. However, its fees are higher compared to competitors in our tests, and it’s not as tailored for short-term traders."
Christian Harris, Reviewer

Coinbase Quick Facts

Demo Account	No
Instruments	Crypto, Stocks and ETFs (US only)
Regulator	CSSF, CBI, CySEC, BaFin, MAS, OSC, ASIC, BMA
Platforms	Coinbase, Advanced Trade, Wallet, NFT, TradingView
Minimum Deposit	$0
Minimum Trade	$2
Account Currencies	USD, EUR

Pros

Coinbase Advanced bolstered its leveraged trading offering with a suite of new futures products in 2025, including Ripple (XRP), Natural Gas (NGS), and Cardano (ADA), providing accessible ways to trade, hedge, or diversify.
Coinbase has teamed up with Chainlink DataLink so now premium exchange data, including spot prices, order books, and futures data, is accessible on-chain, enabling better DeFi pricing and risk management.
As a Nasdaq-listed company, Coinbase follows strict financial regulations, with licensing across the US, UK, and Europe. Security includes FDIC insurance for USD balances (up to $250,000) and two-factor authentication (2FA).

Cons

High crypto fees based on tests, especially compared to competitors like Kraken and BitMEX, and notably on the standard dealing platform.
Frustrating customer support during testing, with most help options hidden behind login, making it tough for locked-out users or non-account holders to get assistance.
There are woeful research tools; Advanced Trade has TradingView charts but lacks features like news feeds, economic calendars, and AI market insights.

Visit Coinbase

Coinbase Review

Methodology

To identify the top brokers regulated in Germany, we:

Scanned our database of 141 brokers to identify those who claim to be regulated by the BaFin
Ran their company credentials through the public register to verify they were authorized
Ranked them by their rating, blending 100+ data points with the findings of our testers

How Can I Check A Broker Is Regulated By The BaFin?

Checking a broker is regulated by the BaFin is straightforward:

Navigate to the BaFin’s Database of Companies
Enter the broker’s name or BaFin-ID in the left-hand search bar and press ‘search’
Click on the ‘selected’ companies to check details, such as authorized activities and date issued

Below you can see the results of a search I ran on CMC Markets (sports one of the best charting platforms I’ve used), showing the broker is authorized.

Using BaFin database to confirm CMC Markets is regulated Below you can see the results of a search I ran on eToro (offers a fantastic social trading network), showing the broker is not authorized.

Checking whether eToro is regulated in Germany

💡

German traders can also sign up with brokers regulated elsewhere in the European Economic Area (EEA). This is known as a European passport for trading firms, and aligns with the free movement of services principle.

What Rules Must BaFin-Regulated Brokers Follow?

Online brokers regulated by the German Bundesanstalt für Finanzdienstleistungsaufsicht, or Federal Financial Supervisory Authority, must follow a robust set of rules to safeguard retail investors and the country’s financial system, notably:

Brokers must deliver high-quality order execution, considering speed, price and likelihood of execution (key for short-term traders).
Brokers must display risk warnings on websites, apps and social media, indicating the number of clients losing money trading products like CFDs (vehicle of choice among many day traders).
Brokers must not offer leverage beyond 1:30 and should close out open CFD positions when an account’s total margin drops to 50%.
Brokers must provide negative balance protection so clients can’t lose more than their balance while trading on margin (popular with active traders).
Brokers must use segregated accounts with German banks to protect client money in case of broker insolvency.
Brokers must routinely report financial and other relevant information to the BaFin.
Brokers must not use bonuses to entice investors to deposit more money.
Brokers must meet minimum capital requirements of €750,000.

Brokers that fail to satisfy the regulator’s rules risk enforcement action. For example, Degiro, one of the largest brokers in Europe and part of German-listed Flatex bank, was handed a €1,050,000 fine in 2023 for internal control failings relating to its money laundering and risk management systems.

The BaFin have also published a number of useful reports over the years that aim to educate retail investors about the risks of online investing, popular short-term trading products, and trends in the German financial markets.

I recommend reading the articles I’ve collated below.

James Barra

Author

Bottom Line

Choosing a broker regulated by the BaFin is advisable for German day traders. This highly trusted, widely respected and proactive regulator helps ensure authorized brokers provide a secure, transparent and fair trading environment.

That said, online trading remains risky, even when you use a German-regulated broker. As such, only deposit what you can afford to lose.

Article Sources

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