Brokerage license in Germany
The activity of brokers in Germany controls BaFin (German Federal Financial Supervisory Authority). German trading market can be considered as one of the most reliable, enabling “transparent” and safe activities for investors. If you’re looking for a country to start your brokerage business, you should obtain a brokerage license in Germany.
Requirements
- The authorized capital in the amount of 125,000 €
- At least 2 local directors (Germany citizens) in the company structure.
- Brokers are required to implement negative balance protection to prevent their clients from losing more than they originally deposited
- Brokers, who want to offer services to German clients prefer to do so remotely, can operate online without the need to set up offices in the country.
TIME:
There is no specific time frame for obtaining of brokerage license in Germany
FEE:
The total price will be provided after the application