Germany Forex Trading Brokers

July 3, 2013 8:05 am

germany_forexHere you will find a list with the leading forex brokers operating in Germany. The Forex market in Germany is expanding rapidly and at the moment is one of the most important and influential foreign exchange markets worldwide.

In the past, German traders used to trade over the phone, but nowadays with the development of new technologies, Forex trading is possible over the Internet. The institutions responsible for the regulations, policies and limitations of the foreign exchange market in Germany are the state banks, the Landesbanks, and the hedge fund institutions. There is also a rich number of Forex brokers operating in Germany, and providing German residents with quick and easy access to the foreign exchange market.

This market has been important for the country’s economy for many years, but its rapid expansion started just a few years ago. In such a short amount of time, the Foreign exchange market in Germany turned into one of the largest markets worldwide, and nowadays it plays an important role when it comes to determining exchange rates.

Leading Forex Brokers in Germany

One of the other reasons for this is the fact that a major fraction of the worldwide trading volume is generated by the German Forex market. Some of the most important factors in the development of the foreign exchange market in Germany are the Central Bank, commercial companies, hedge funds, Forex brokers, authorized banks and investment management companies.

A remarkable fact about Germany’s role in the foreign exchange market is that the Deutsche Bank of Germany is responsible for over 19% of foreign exchange trading worldwide. The three most popular currencies traded in Germany’s Forex market are the Japanese yen, the British pound and the US dollar. Despite this fact, the most traded currency pair is the EUR/USD, and it is responsible for most of the trading volume generated by Forex traders in Germany.

One of the biggest advantages of the foreign exchange market in Germany is that it is decentralized. This means that many 3rd-party participants can take part in it and carry out a wide range of transactions.

Although there are many factors that helped the foreign exchange market in Germany grow, one of the important factors was the introduction of the so-called multi bank foreign exchange portals. They made the Forex market more available, and significantly increased the daily trading volume that was generated by the country’s markets. This change allowed banks and companies to work closer than ever before, and to work together in order to help the market’s progress.

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