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Broker for german traders

  • #1
  • First Post: Jul 22, 2020 10:06am Jul 22, 2020 10:06am
Hello,
currently I trade on demo account (FX PRO) since a few months. In the next coming months I want to open a live account with a small balance (~500 €)
So I compared some brokers (here on FF) and maybe IC Markets looks interesting --> low spread, low fees, ... --> But not in EU , I think...

Which broker can you recommend me ( I life in Germany)?
Are there any differences in tax --> automatically paid by broker when closing trade? Or do I have to manually fill in the tax-form end of the year with some brokers?
Any brokers where my money is less sure?
Anything else I have to consider?

Would be thankful for every helping answer as Iḿ a beginner and do not want to make a wrong decision (broker choice)
Regards
  • #2
  • Jul 24, 2020 9:27am Jul 24, 2020 9:27am
Quoting Viator
Hello, currently I trade on demo account (FX PRO) since a few months. In the next coming months I want to open a live account with a small balance (~500 €) So I compared some brokers (here on FF) and maybe IC Markets looks interesting --> low spread, low fees, ... --> But not in EU , I think... Which broker can you recommend me ( I life in Germany)? Are there any differences in tax --> automatically paid by broker when closing trade? Or do I have to manually fill in the tax-form end of the year with some brokers? Any brokers where my money is less...
fxflat ist ganz gut. steuer wird automatisch abgeführt.
  • #3
  • Jul 27, 2020 6:29am Jul 27, 2020 6:29am
Quoting karuner
{quote} fxflat ist ganz gut. steuer wird automatisch abgeführt.
Danke!
  • #5
  • Aug 27, 2020 4:59am Aug 27, 2020 4:59am
Quoting Viator
Hello, currently I trade on demo account (FX PRO) since a few months. In the next coming months I want to open a live account with a small balance (~500 €) So I compared some brokers (here on FF) and maybe IC Markets looks interesting --> low spread, low fees, ... --> But not in EU , I think... Which broker can you recommend me ( I life in Germany)? Are there any differences in tax --> automatically paid by broker when closing trade? Or do I have to manually fill in the tax-form end of the year with some brokers? Any brokers where my money is less...
Since you are in EU, you may try this UK broker, with lower spreads and lower fees than IC:

VALUTRADES UK
Forex, my love!
  • #6
  • Aug 27, 2020 11:13pm Aug 27, 2020 11:13pm
you belong to the European Union. So you can also try the FCA admiralmarkets.com or darwinex.com license broker. they also have very low spreads.
  • #7
  • Aug 28, 2020 4:42am Aug 28, 2020 4:42am
If your options are open then don’t forget to check turnkey forex. Their spreads are very low along with reasonable commission fees.
  • #8
  • Sep 22, 2020 11:33am Sep 22, 2020 11:33am
Quoting Teotrader
If your options are open then don’t forget to check turnkey forex. Their spreads are very low along with reasonable commission fees.
In my opinion, Turnkeyforex belongs at the bottom of your list of options.
When I went to the home page, I looked for a link to click to get to spreads. Nothing.
I contacted the online help agent. He could not give me a URL to get to such a page. Instead, he said to just download the demo and check the live spreads. LOL

On my own volition, I looked further and found at the bottom of the page "Forex". Clicked that and got to the desired page.

OOPS! No spread data showing. Tried the search function to pull up a pair. OOPS #2--nothing happens.

On the same page, found Contract Specifications with AUDUSD displayed.
Tried search function for another pair. OOPS#3--nothing happens.

The agent said the website might be under maintenance, so check back later. Uhhhhhh, I think not.

With this as an example of their operation for something rather simple, how many other times will there be an OOPS with your money and your open trades?!?
To free Gazans of Hamas, use whatever it takes.
  • #9
  • Oct 3, 2020 5:07am Oct 3, 2020 5:07am
I prefer Icmarkets. I Haven't had any problems with them. They pay on time.
  • #11
  • Last Post: Oct 9, 2020 6:22am Oct 9, 2020 6:22am
Take a look at.
https://global.markets.com/en/?

Their BVI office is outside of EMSA regs.
every Saint has a past. Every Sinner has a Future
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