5 best online brokers in Germany for 2024

In this guide, our experts have rated the 5 best online brokers in Germany to buy, sell and trade stocks for beginners.
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Updated: May 9, 2024
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Trade your favourite markets with our top-rated broker, Plus500.

4.5/5

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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The Invezz team of expert traders, data analysts, and financial writers frequently test the best trading platforms & online brokers. Amongst a range of features, we ranked the top online brokers in Germany according to their affordability, security, and available international markets.

Once we came up with a preliminary list, we surveyed our German users to gather their thoughts and feedback on each of the top trading apps in Germany.

Armed with that information we created a final ranking to answer the question: what are the best online brokers in Germany for German users?

What is the best stock trading app in Germany?

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Our rankings reveal that the best online broker in Germany is Plus500 .

Having assessed 100+ brokers, this list represents the three services that top our rankings as the overall best online trading platforms in Germany. 

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1
Min. Deposit
$ 100
Best offer
User Score
10
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2
Min. Deposit
$ 100
Best offer
User Score
10
Licensed and regulated by CySEC and FCA authorised UK Branch
Trade CFDs with tight spreads on big-name companies like Amazon, Facebook, Apple and many more
Offers 800+ instruments
Start Trading
Payment Methods:
Apple Pay, Google Pay
Full Regulations:

71% of retail CFD accounts lose money.

3
Min. Deposit
$ 100
Best offer
User Score
9.9
Open an MT5 account to go long or short on 250 of the largest US, Australian, and European stocks
Instruments in 21 time-frames and 80 pre-installed indicators
Multi jurisdiction regulation by ASIC and VFSC
Start Trading
Payment Methods:
Credit Card, Cryptocurrencies, PayPal, Wire Transfer, neteller, skrill
Full Regulations:
ASIC, CySEC, FCA
74-89% of retail CFD accounts lose money

Top 5 online brokers in Germany, reviewed & compared

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1. Plus500. Best for international CFD trading*

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From 0.08%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to CFDs on over 2000 stocks.

Plus500 has something for all types of stock trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting.

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding depending on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Skilling. Best app for mobile trading

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From 0.1%

Fees

$100

Minimum deposit

1,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Commission-free trades with competitive spreads from 0.7 pips Can trade over 800 securities across 17 global markets Regulated by the Cyprus Securities and Exchange Commission (CySEC)
No 24/7 support

Overview

We love Skilling because it’s a beginner-friendly trading platform that makes stock trading accessible to everyone. You can trade 700 stocks commission free and the system is very portable, so you can trade from the app or on your desktop.

One of Skilling’s best features is its compatibility with TradingView, so you can chart trading ideas and then send them directly to your trading account. It also boasts plenty of other user-friendly software to make it easy to trade from your phone or your browser, including its proprietary Skilling Trader and the cTrader platform for professionals.

The fees: There are no fees for stock trading. Skilling makes its money on the Bid/Ask spread, and stock spreads start from 0.9%. Positions left open overnight will be charged swap charges, which vary depending on the size of the trade.

Highlights

Visit Skilling Skilling Review

71% of retail CFD accounts lose money.

3. Eightcap. Best online broker for choice of trading platform

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Up to $3.5 RT

Fees

$100

Minimum deposit

800

No. assets

Yes

Demo/virtual account

Pros & Cons

Low trading fees for CFDs Trade directly from the TradingView platform Regulated by top-tier authorities Leverage up to 1:500 Partnered with multiple proprietary trading firms
Some markets are not available to all regions Customer support does not operate 24/7

Overview

We love Eightcap because you have several trading platforms to choose from. You can choose between MetaTrader 4, MetaTrader 5, and TradingView. All of these platforms are favourites among retail traders. With the MetaTrade suite of platforms, you can access lots of technical indicators, custom tools, and expert advisors. 

TradingView with Eightcap allows you to trade directly from your charts while accessing the hundreds of tools and features available. Eightcap has over 900 markets available including stocks, forex, indices, commodities, and cryptocurrencies. 

The fees: Eightcap is a CFD broker and charges spreads, commissions, or a combination of both. There are two account types available, RAW, and Standard. The RAW account has ultra-low spreads starting from 0.0 pips but charges $3.5 RT per lot. The standard account is commission-free for most assets and spreads start from 1 pip.

Highlights

Visit Eightcap Eightcap Review
74-89% of retail CFD accounts lose money

4. eToro. Best for beginners, copy-trading & demo-account

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0% commission

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.

Highlights

Visit eToro eToro Review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

5. XTB: Best for offering global CFD markets to retail traders

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0.2 pips

Fees

Minimum deposit

2,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Trade CFDs on thousands of assets Regulated broker Deposit protection for client accounts Good number of educational resources
Doesn’t accept US clients Tradeable assets limited to CFDs and forex pairs

Overview

We love XTB because it offers more than 2,000 assets across the world, including 200+ of the most popular stocks & ETFs, allowing retail traders to buy and sell popular financial assets at competitive prices. XTB has been around for more than 15 years and offers crucial safety features for your peace of mind, including deposit insurance and top tier regulation from the FCA and others.

XTB combines beginner-friendly, introductory tools and resources with a scaling system of accounts that allow experienced traders to access high rates of leverage and advanced analytical tools. With more than 180 pre-installed indicators and chart types, its bespoke xStation platform allows for intricate analysis, while beginners can access its Trading Central service, where trade ideas, forecasts, and risk analyses are available for anyone to look through.

This combination of educational material and a feature-packed platform has helped XTB rise to be one of the top brokers around. XTB has won multiple awards for its brokerage service and is one of the largest publicly-listed CFD brokers in the world.

The fees: XTB’s fees start from 0.2 pips on global stocks and indices. Spreads on lesser traded stocks from less popular exchanges may be significantly higher.

 

Highlights

Visit XTB XTB Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How we chose the best online trading platform in Germany

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Our reviewing panel is made up of industry experts, including Data Analyst, Dan Ashmore, CFA, our Editor of News, Harsh Vardhan, journalist Katya Stead, and expert trader, Prash Raval. The panel also includes an independent fact checker, Richard Stutely.

Here are the key factors that played into our final ranking of the best stock brokers in Germany.

  • Fees. We prioritised German brokers that offer commission-free trading, charge low trading fees, don’t charge deposit or withdrawal fees, and don’t charge any hidden fees.
  • Device availability. An online trading platform that is available across all devices as a mobile app deserves a boost. In a mobile world, you need the best stock trading app in Germany to work across mobile, tablet, and desktop. 
  • Platform security. All services we recommend are regulated by respected financial institutions and provide investor protection in the event that anything goes wrong.
  • Free demo accounts. All the best stockbrokers in Germany should offer the chance to test their service before you pay for it. We gave the brokers with the best demo accounts a boost in our rankings.
  • Access to global markets. International stock brokers in Germany that allow you to invest in global markets, particularly popular ones like the United States, scored well in our reviews.
  • Trading and analysis tools. An online stock broker that offers analysis tools makes it easier to do all your research and trading in one place. Any online broker that offered this convenience scored well.
  • Third-party integrations. You might want to use a piece of downloadable, third-party software like MetaTrader 4, MT5, or cTrader to place your trades. The best trading software in Germany should integrate with these services and those that did so received a higher ranking. 
  • Customer reviews. Finally, we looked into customer reviews, to make sure that we only recommend the best investment platforms in Germany where the majority of German customers had a positive experience.

Find out more about how we rate, rank, and review platforms.

More about stock trading platforms in Germany

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What products can I trade with a German stock broker?

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You can trade stocks from Germany, or invest in leading companies from around the world. Here’s a breakdown of what (and how) you can trade financial markets with the best online brokers Germany.

Stocks

  • German stocks. One investment option is to simply buy and sell stocks that are listed in Germany. Investing in the German market is normally the most straightforward option for German residents, as you can buy shares in any company that’s listed on a German stock exchange.
  • US stocks. Some of the best known companies in the world are listed in the United States. The best online broker in Germany will also let you invest in stocks that are listed on the NYSE or the NASDAQ exchange in the US, but it depends on the legal restrictions in Germany.
  • International stocks. You may also be able to buy shares in companies that are based in the rest of the world. The best international brokers in Germany offer global stocks, but it may be a limited selection. If you want to buy equities from outside Germany or the US, be sure to check those stocks are available through your online broker before you sign up.

ETFs

ETFs (exchange traded funds) are investment funds that pool money together from lots of different investors and use it to track a particular index, like the S&P 500. Even if you can’t invest in every stock from every country, you can usually find an alternative in an ETF that tracks the performance of Germany’s top stock exchanges and indexes. 

Mutual funds

Mutual funds are professionally managed investments. You buy shares in the fund through an investment platform and the manager decides what to invest it in. Typically, a fund manager chooses a mixture of global stocks, local German stocks, and ETFs that track global indices from across the world.

Mutual funds and ETFs are similar, but the former are managed by a professional who tries to beat the market, while the latter buy and sell stocks automatically based on a set of fixed criteria. Typically a mutual fund charges higher management fees every year because of the extra work involved. The best stock broker in Germany should allow you to invest in stocks from Germany, as well as ETFs and mutual funds.

Futures and options

Futures and options contracts involve making an agreement to purchase a stock in the future at an agreed price. They’re favoured by stock traders and can be used as a way of speculating on how you think a company’s price might change in the future.

Other assets

Most trading platforms in Germany offer a variety of assets alongside stocks, funds, and ETFs. With the best German brokers you can create a diversified portfolio made up of leading global stocks, ETFs, cryptocurrencies, and dabble with trading currency pairs and commodities as well.

Compare the assets available with each of the top German brokers below.

Product Plus500 assets Skilling assets Eightcap assets
Stock CFDs 1,800+ 954 600+
ETF CFDs 100+
Forex CFDs 50+ 73 40+
Crypto CFDs 40+ 63 250+
Index CFDs 20+ 23 10
Commodity CFDs 20+ 21 4
View more > Plus500 > Skilling > Eightcap >

Note that all listed instruments on Plus500 are available to trade as CFDs.

You should keep in mind, however, that to invest in other financial products from Germany, you may be better off using a different type of trading platform.

For example, for trading currency pairs you want one of the best forex brokers in Germany, for cryptocurrencies like Bitcoin, the best crypto exchanges in Germany. The best cfd brokers in Germany offer a range of financial assets, including many of the options above.

How much does it cost to use the best online trading platforms in Germany?

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It is normally free to sign up to a stock trading platform in Germany. The main cost comes in the form of trading fees, which depend on the platform and on what you want to trade. Some of the best stock trading apps in Germany offer completely free trading, while others charge a flat fee or commission per trade.

Here’s a comparison of the trading fees across our highest rated German brokers.

Asset Plus500 fees Skilling fees Eightcap fees
Cryptocurrencies From 2% From 0.1pips Up to $3.5 RT
Commodities From 0.04% From 0.4pips Up to $3.5 RT
Currencies From 0.8% From 0.1pips Up to $3.5 RT
Indices From 0.7% From 1.5 pts Up to $3.5 RT
Stocks From 0.08% From 0.1% Up to $3.5 RT
View more > Plus500 > Skilling > Eightcap >

Another way an online broker in Germany might charge you is via the spread. The spread is the difference between the buy and sell price of an asset, and effectively serves as a commission the broker is charging you on top of the market price. The smaller the spread, the better value you’re getting from your broker.

Here’s a comparison of the spreads across the top German trading platforms.

Product Plus500 spreads Skilling spreads Eightcap spreads
Stock CFDs 0.10% From 0.1% From 1.2 pts
ETF CFDs 0.10% From 0.1%
Forex CFDs 0.8 pips From 0.1 pips From 0.0pips
Crypto CFDs 2% From 1% From 0.5%
Index CFDs 0.20% From 1.5 pts From 1.2 USD
Commodity CFDs 0.50% From 0.4 pips From 0.12 USD
View all tradable assets > Plus500 > Skilling > Eightcap >

On top of the trading fees and spreads, there may be other charges for using your online broker account. These can include inactivity fees, where you’re charged if you don’t use your account for a period of time (usually 3-6 months), as well as overnight fees, which only apply if the broker is also a CFD platform, or even an account maintenance fee.

Here’s a look at the types of fees different brokers in Germany charge, to give you a complete picture of the cost of trading with the top brokers in Germany.

Fee Plus500 fees Skilling fees Eightcap fees
Trading fees No No Yes
Inactivity fees Yes No No
Rollover/overnight fees Yes Yes Yes, on certain assets
Withdrawal fees No Yes, for certain payment methods Yes, for certain payment methods
Spreads Yes Yes Yes
Conversion fees Yes Yes, for certain currencies Yes, currency dependent
View more > Plus500 > Skilling > Eightcap >

Are stock brokers in Germany regulated?

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Yes, online brokers have to be regulated in order to offer share dealing services. Ideally, you want to find a broker that offers top-tier regulatory protection either through your local regulator, or through an internationally recognised institution. 

The best brokers in Germany are regulated by the Federal Financial Supervisory Authority (BaFin), which provides a license for these firms to operate and governs their actions in order to protect investors. Use the Federal Financial Supervisory Authority (BaFin) database to check if your favourite online broker is regulated to operate in Germany.

On top of that, many online brokers in Germany are based elsewhere but regulated to operate internationally through institutions such as CySEC (the Cyprus Securities and Exchange Commission). Here are the best online brokers in Germany and where they’re regulated across the world.

Region Plus500 regulators Skilling regulators Eightcap regulators
Africa FSA
Asia
Australasia ASIC, FMA ASIC
Europe FCA, CySEC CySEC FCA, CySEC
International
North America
South America
View more > Plus500 > Skilling > Eightcap >

How much money do I need to start using an online broker in Germany?

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Typically, the minimum deposit for each German broker is the equivalent of $10. This is a manageable amount for most users, though you should also consider the minimum trade size on each platform. This governs the smallest investment you can make, so if you plan to invest small amounts then it is a crucial number to think about.

Compare the minimum and maximum trade sizes for each top broker in Germany right here.

Product Plus500 minimum trade Skilling minimum trade Eightcap minimum trade
Stock CFDs $10 1 share 1 share
ETF CFDs $10 1 share
Forex CFDs 0.01 lots 0.01 lots 0.01 lots
Crypto CFDs $0.10 0.01 lots Variable
Index CFDs $10 0.01 lots 1 share
Commodity CFDs $10 0.01 lots 0.01 lots
View more > Plus500 > Skilling > Eightcap >

Which trading app in Germany has the best user reviews?

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As part of our research process we gathered up reviews and feedback from German users to help us finalise the rankings. Below is a summary of the feedback and ratings we received about each platform.

Review source Plus500 rating Skilling rating Eightcap rating
Trustpilot 4 4.2 4.3
Google Play Store 4.3 4.6 4.1
App Store 4.1 4.8 3.8
View more > Plus500 > Skilling > Eightcap >

How to buy stocks in Germany

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Every stock trading app in Germany is designed to help you invest with the minimum of fuss. 

Follow this six step guide to learn how to buy shares online in Germany for the first time.

1. Find a German trading app

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Compare the best online stock brokers in Germany and choose your favourite from the list at the top of this page.

2. Create an account

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Once you’ve chosen the best broker Germany, set up an account by supplying your email address and password. Fill in personal details like your name and address.

3. Verify the broker account

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Before you use an online trading platform in Germany you need to verify your identity. Upload a copy of your driving licence or passport to do this. The verification process can take up to 24 hours, but is often much quicker than that.

4. Deposit money into your trading account

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You can make your initial deposit via a card payment, bank transfer, or an alternative payment method. Many of the best online brokers in Germany accept PayPal and similar e-wallets, but you should check this ahead of time.

5. Search for a stock and place your trade

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Find the stocks you want to trade using their ticker symbol. Enter the details of your trade, and hit ‘buy’ to execute it.

6. Monitor your investment

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Check up on your investment regularly. Use the latest news and stock market research to help you decide when to sell your shares, and lock in a profit or loss.

Choose a broker

FAQs

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What’s the best broker for beginners in Germany?
What’s the best investment platform in Germany?
What’s the cheapest online broker Germany with the lowest fees?
Which trading app is best in Germany?
Which investment platform in Germany has the best demo account?
What’s the safest broker in Germany?
Is it legal to trade stocks in Germany?


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.