Forex in GermanyPosted: July 17, 2011 | Author: creditcards | Filed under: Forex | Leave a comment »
Forex is the trading in foreign exchange markets. With forex trading you can take advantage of the changes in value in the international foreign exchange market.
The German market is one of the world’s largest forex markets worldwide.
The financial regulatory body authority in Germany is the Federal Financial Supervisory Authority of German (BaFIN). It ensures the ability of bank, financial services institutions and insurance undertaking to meet their payments and enforce standards of professional conduct.
BaFin’s networks are created and contacts are established that are important for it’s reputation, to strengthen its position in international negotiations and makes it easier for German businesses to access foreign markets.
Germany forex brokers, investors and customers have to comply the roles and keep the trusting for the commission.
The German Bundesbank, along with other authorized banks, trading and investment companies are the major players in the German foreign exchange market. In the past, Forex Trading, in German Devisenhandel, was operated mainly by telephone, but now like most other industries more trades are being made over the Internet. In most cases online trading is a more effective and quicker method, with the fewer mistakes.
A few of the forex brokers for Germany are Etoro, FXCM, Varenglold FX Bank and Forexyard. Etoro is one of the largest forex brokers in the world. They offer a German version of their website and German speaking customer service agents. It offers 24/7 customer service, large initial sign-up bonus and other perks.
Forexyard also has 24/7 customer service and a potential to earning a large initial deposit bonus. The firm also offers an iPhone forex trading app and the ability to trade commodities such as oil and gold.
Varengold FX Bank operates throughout the world and has clients and partners in more than 85 countries. The central headquarters are in Hamburg. It is the only German financial company that focuses exclusively in the areas of asset management and brokerage.
Varengold is among the most prestigious and most successful asset managers of its class in the world.
Varengold Wertpapierhandelsbank AG trades on the Forex and CFD markets under the name Varnegold FX Bank.