Editorial ranking · Germany · BaFin Bak-Nr · September 2026
Best German Forex Brokers — September 2026
Top 10 Germany FX/CFD intermediaries for September 2026 ordered using BaFin company-database Bak numbers verified on portal.mvp.bafin.de. Not paid placement.
Last updated (September 2026).
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Methodology: rank methodology.
Direct answer
Who are the best forex brokers in Germany in September 2026?
BrokerMafia's September 2026 Germany shortlist is BaFin-register-first: IG Europe GmbH (Bak 148759), Pepperstone GmbH (151148), CMC Markets Germany GmbH (154814), flatexDEGIRO Bank SE (119766), XTB S.A. German Branch (121520), CapTrader GmbH (156708), WH Selfinvest Frankfurt branch (122635), GBE Brokers Hamburg branch (148129), S Broker AG & Co. KG (119213), and Commerzbank AG / comdirect (100005). These are BaFin Bak numbers from the public company database (data stand 2026-09-28). Re-check before funding.
Methodology (this batch)
BrokerMafia's September 2026 shortlists are editorial discovery tables ordered by public-fact criteria: regulatory tier (published register IDs), entity transparency, longevity or citable public scale, and product/authority clarity. BrokerMafia keyword-page presence is a tie-break only. We refuse paid rank, star scores, and copied review prose. Order can change when registers or public disclosures change — this batch is dated September 2026.
Scope: Firms with a live BaFin company-database Bak-Nr relevant to German retail CFD/FX or multi-asset brokerage (home WpIG/bank licence or notified Zweigniederlassung). Order weights home-licence clarity then public scale — not spreads. Framework: /best-forex-brokers-germany/.
- Regulatory tier — published tier-1 register IDs where we can cite them.
- Entity transparency — can a reader match agreement → register row?
- Longevity / public scale — years, listing, or citable industry revenue lists.
- Product / authority clarity — FX entity vs exchange vs FMCSA broker vs DOI producer.
- BrokerMafia research presence — tie-break only.
Marketing claims (spreads, bonuses, pass rates, “best broker awards”) are labeled and never used as primary rank keys.
Ranked shortlist — September 2026
Order = editorial fit to documented public-fact criteria for this dated batch. Not AggregateRating. Not paid placement.
| # | Firm | Why ranked | Registry cues | Links |
|---|---|---|---|---|
| #1 | IG Europe GmbH DE Wertpapierinstitut · CFD/FX |
BaFin Bak-Nr is the public portal key (institutId). Re-check live. | BaFin Bak-Nr: 148759Verify register | BrokerMafia Official ↗ |
| #2 | Pepperstone GmbH DE Wertpapierinstitut · CFD/FX |
Pepperstone GmbH ≠ Pepperstone Group Limited (ASIC). | BaFin Bak-Nr: 151148Verify register | BrokerMafia Official ↗ |
| #3 | CMC Markets Germany GmbH DE Wertpapierinstitut · CFD/FX |
Match CMC Markets Germany GmbH on the agreement. | BaFin Bak-Nr: 154814Verify register | BrokerMafia Official ↗ |
| #4 | flatexDEGIRO Bank SE DE CRR-Kreditinstitut · multi-asset/CFD |
Bank licence ≠ suitability of every CFD product for every client. | BaFin Bak-Nr: 119766Verify register | BrokerMafia Official ↗ |
| #5 | XTB S.A. German Branch DE branch · CFD/FX |
Home-state KNF authorisation + BaFin branch row — match both. | BaFin Bak-Nr: 121520Verify register | BrokerMafia Official ↗ |
| #6 | CapTrader GmbH DE Wertpapierinstitut · brokerage |
CapTrader product set differs from pure OTC CFD brands. | BaFin Bak-Nr: 156708Verify register | BrokerMafia Official ↗ |
| #7 | WH Selfinvest S.A. Zweigniederlassung Frankfurt DE branch · CFD |
Branch notification is not a standalone German banking licence. | BaFin Bak-Nr: 122635Verify register | BrokerMafia Official ↗ |
| #8 | GBE Brokers Ltd., Zweigniederlassung Hamburg DE branch · CFD/FX |
CySEC entity protections differ from a BaFin WpIG home licence. | BaFin Bak-Nr: 148129Verify register | BrokerMafia Official ↗ |
| #9 | S Broker AG & Co. KG DE CRR-Kreditinstitut · securities |
Securities bank path — confirm which products you actually trade. | BaFin Bak-Nr: 119213Verify register | BrokerMafia Official ↗ |
| #10 | COMMERZBANK Aktiengesellschaft (comdirect) DE CRR-Kreditinstitut · multi-asset |
Brand comdirect ≠ a separate BaFin Bak-Nr from Commerzbank AG. | BaFin Bak-Nr: 100005Verify register | BrokerMafia Official ↗ |
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Editorial shortlist for education and discovery. Not paid placement, not a star rating, not AggregateRating, not a license confirmation, and not an endorsement by BrokerMafia or any regulator. Indexed ≠ licensed ≠ recommended. Re-check the issuing register before you send funds or freight.
Questions this page answers
What is a BaFin Bak-Nr?
The Bak number shown on BaFin's company database portal; it is the institutId used in public detail URLs (for example 148759 for IG Europe GmbH).
Is a branch the same as a German home licence?
No. Zweigniederlassung rows (XTB, WH Selfinvest, GBE) remain home-state supervised with BaFin notification — match both rows.
EU passport only?
A CySEC/other EEA passport without a BaFin portal row for your contracting entity is outside this Bak-Nr shortlist.