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Best Day Trading Platforms and Brokers in Germany 2024

Written By

Jemma Grist

Written By

Jemma Grist

Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.

» Jemma Grist Profile Page

Fact Checked By

James Barra

Fact Checked By

James Barra

James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.

» James Barra Profile Page

Updated

Apr 17, 2024

The best day trading brokers in Germany offer excellent pricing, fast order execution and powerful tools. Many top platforms also accommodate German day traders with authorization from the Federal Financial Supervisory Authority (BaFin) or another regulator in the EU, provide exposure to local markets like the Frankfurt Stock Exchange, and ensure convenient deposits through EUR accounts.

Discover the best brokers for day trading in Germany. Our experts have tested each platform thoroughly for German day traders, using real money or demo accounts.

Top 5 Platforms For Day Trading In Germany

Our findings show these are the top 5 brokers for day trading in Germany:

1. Eightcap - Eightcap delivers in every area for day traders with a growing selection of charting platforms and AI-powered tools. Now sporting 250+ crypto CFDs and the Crypto Crusher market scanner, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
2. AvaTrade - AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit.
3. Deriv.com - Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock.
4. Pepperstone - Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support.
5. XM - XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading.

Best Day Trading Platforms and Brokers in Germany 2024 Comparison

Best Day Trading Platforms and Brokers in Germany 2024 Comparison

Broker	EUR Account	Minimum Deposit	Financial Instruments	Trading Platforms	Visit
	✔	$100	CFDs, Forex, Stocks, Indices, Commodities, Crypto	MT4, MT5, TradingView	Visit
	✔	$100	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting	WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade	Visit
	✔	$5	CFDs, Multipliers, Forex, Stocks, Indices, Commodities	Deriv Trader, MT5	Visit
	✔	$0	CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting	MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade	Visit
	✔	$5	Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures	MT4, MT5	Visit
	✔	$50	CFDs, Forex, Indices, Commodities	MT4, MT5	Visit
	✔	$100	CFDs, Forex, Indices, Commodities, Stocks, Crypto	MT4, MT5	Visit
	-	$50	CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs	eToro Web, CopyTrader, TradingCentral	Visit
	✔	€200	CFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares Baskets	MT4, MT5	Visit
	✔	$20	Forex, CFDs, Stocks, Indices, Commodities, Crypto	MT4	Visit
	✔	$0	Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)	MT4	Visit
	✔	$100	Forex, CFDs, Stocks, Indices, Commodities and Cryptos	Skilling Trader, MT4, cTrader, TradingView	Visit
	✔	$0	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting	Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral	Visit
	✔	$0	Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos	MT4, MT5, cTrader, TradingView, AutoChartist	Visit
	✔	$50	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds	ProTrader, MT4, MT5, TradingView, DupliTrade	Visit

#1 - Eightcap

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Review

Why We Chose Eightcap

Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 1,000+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.

• Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
• Regulator: ASIC, FCA, xCySEC, SCB
• Platforms: MT4, MT5, TradingView
• Minimum Deposit: $100
• Minimum Trade: 0.01 Lots
• Leverage: 1:30

Pros

• Having excelled across all key areas for day traders, Eightcap outperformed more than 490 competitors to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title.
• After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
• With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.

Cons

• The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
• In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
• Eightcap needs to continue bolstering its suite of instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.

Visit Eightcap

#2 - AvaTrade

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Review

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.

• Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
• Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
• Platforms: WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
• Minimum Deposit: $100
• Minimum Trade: 0.01 Lots
• Leverage: 1:30 (Retail) 1:400 (Pro)

Pros

• AvaTrade is a heavily regulated and trustworthy broker with licenses from the ASIC, CySEC and more
• WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders
• Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools

Cons

• A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
• There is no ECN account with raw spreads
• It’s a shame that there are no rebate schemes for serious traders looking for additional perks - CMC Markets would be a better choice here

Visit AvaTrade

#3 - Deriv.com

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Review

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

• Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
• Regulator: MFSA, LFSA, VFSC, BFSC
• Platforms: Deriv Trader, MT5
• Minimum Deposit: $5
• Minimum Trade: 0.01 Lots
• Leverage: 1:1000

Pros

• There's a good range of fast deposit and withdrawal methods with zero payment fees and low minimum deposits
• Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
• The low $5 minimum initial deposit suits those on a lower budget

Cons

• The range of 100+ assets trails some competitors such as Quotex which offers 400+
• There's no loyalty program or rebate scheme for high volume traders
• There are limited copy trading tools and analysis features compared to alternatives like IQ Cent

Visit Deriv.com

#4 - Pepperstone

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Review

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

• Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
• Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
• Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
• Minimum Deposit: $0
• Minimum Trade: 0.01 Lots
• Leverage: 1:30 (Retail), 1:500 (Pro)

Pros

• Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
• There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading.
• Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates of 25%+ through the Active Trader program.

Cons

• Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.
• Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
• There’s no simplified proprietary trading platform, nor are there any social trading features, which could be a disadvantage if you are new to day trading.

Visit Pepperstone

#5 - XM

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Review

Why We Chose XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

• Instruments: Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
• Regulator: ASIC, CySEC, DFSA, FSC, FSCA
• Platforms: MT4, MT5
• Minimum Deposit: $5
• Minimum Trade: 0.01 Lots
• Leverage: 1:30

Pros

• XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights
• The broker offers premium research including market sentiment, fundamental insights and strategy builders
• Powerful MT4 and MT5 platforms are available with 60+ and 80+ technical charting tools

Cons

• There is weak regulatory oversight through the global entity
• PayPal deposits are not supported
• There's $5 inactivity fee after only 3 months, though this won't affect active traders

Visit XM

Choosing A Day Trading Broker In Germany

Utilizing the decades of experience from our industry experts, we focus on several criteria when selecting the top day trading platforms:

Regulation and Trust

Choose a trustworthy broker that’s licensed by a respected regulator.

This will ensure that you are protected by important safeguards such as negative balance protection, ensuring you can’t become indebted to your broker, plus segregated accounts, stopping a brokerage from misusing your funds.

Choosing a well-regulated broker will also protect you from scams and unfair day trading practices. One of the largest online trading scams in Europe was uncovered by crime agencies in 2020. The scam involved a number of fake investment websites which targeted at least 350 victims, many of them from Germany, with around €8.5 million stolen.

That’s why we always check for credible licensing as part of our exhaustive review process. The best day trading brokers in Germany will be registered with the Federal Financial Supervisory Authority (BaFin), or with other approved European regulators that accept German traders via the EU passporting scheme.

We also look for an excellent track record, a long operational history, and positive reviews, from both our in-house testers and other day traders.

Day Trading Fees

Choose a broker with low trading and non-trading fees.

Day traders, more than many types of investors, need to consider transaction fees, which can mount up if you’re making a large volume of trades where margins are slim.

We therefore evaluate spreads and/or commissions on key assets, including those popular with German traders like the EUR/USD, in addition to any non-trading costs like deposit charges.

We also consider that higher costs can be outweighed by the overall quality of the broker’s services. Some leading day trading platforms deliver top-quality research tools, with analyst insights into German stocks, for example, that can inform trading decisions.

Market Coverage

Choose a broker with an excellent selection of financial markets.

The best day trading brokers in Germany offer extensive market coverage, including popular assets such as stocks listed on the Frankfurt Stock Exchange, the DAX 40 index, and currency pairs with the Euro, such as EUR/GBP.

As such, we carefully evaluate the investment offering of all brokers we test, favoring platforms that provide a wide range of short-term trading opportunities on popular asset classes, notably stocks, forex, indices, commodities, and cryptos.

We also look for brokers that offer financial products that specifically cater to short-term trading strategies, such as contracts for difference (CFDs), which allow traders to speculate on rising and falling prices with leverage.

Execution Quality

Choose a broker with fast and reliable trading execution.

For optimal conditions, day traders require fast, stable and high-quality order execution. This is especially important when trading fast-moving markets, such as particularly volatile German stocks like Zalando SE (ZAL: FRA).

That’s why we evaluate execution policies and speeds where data is available, and consider anything less than 100 milliseconds ‘fast’ – helping to reduce slippage (the difference between the expected price and the actual price when the order is executed).

Platforms & Tools

Choose a broker with high-quality charting software and trading tools.

Day traders need a reliable charting platform with a range of tools for short-term market analysis.

Our reviews of close to 500 brokers show that most firms offer the dependable MetaTrader 4 (MT4), however we’re seeing more alternatives as the years go by, from cTrader and TradingView to in-house solutions that often provide essential trading tools in a web-accessible platform with simple navigation.

Through extensive personal testing, we prioritize charting platforms that cater to different day trading strategies, from scalping to momentum, as well as different experience levels, from beginners to advanced traders.

Methodology

To find the best day trading platforms in Germany, we took all the brokers we’ve tested that accept German traders and ranked them by their overall rating. Notably:

FAQ

What Are The Best Brokers That Accept Day Traders In Germany?

We’ve compiled a list of the best day trading platforms and brokers in Germany to help you find the right firm for your needs.

Many of these brokers provide optimal conditions for day traders in Germany with authorization from the BaFin or another EU regulator, EUR accounts, and access to a range of financial markets.

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