Prior to 2002, in Germany the regulation of the financial industry was undertaken by three separate agencies. In May 2002 BaFin was formed, following the passing of the Financial Services and Integration Act. The aim of the Act and the merging of the three agencies was to create one integrated financial regulator that would be able to cover all financial markets. The agencies that merged together were the Federal Banking Supervisory Office, the Federal Supervisory Office for Securities Trading, and the Federal Insurance Supervisory Office.BaFin was given further responsibility following the passing of the Banking Act in 2003 with the aim of increasing customer protection and improving the reputation of the German financial system. The extra powers included monitoring the credit-worthiness of financial institutions and collecting detailed information about them. This particular area of responsibility was shared with the Bundesbank. Currently, BaFin is experiencing a kind of transition, as the responsibility for banking supervision is being taken over by the European Central Bank.
Authority
Fair
JFD
WikiFX Score 8.0710-15 years | Regulated in Germany | Regulated in France | Regulated in Cyprus
BaFin : 126399
SQUARED FINANCIAL
WikiFX Score 8.065-10 years | Regulated in Germany | Regulated in France | Regulated in Cyprus
BaFin : 4421
TopFX
WikiFX Score 7.2710-15 years | Regulated in Cyprus | Regulated in United Kingdom | Regulated in Seychelles
BaFin : 138/11
HotForex
WikiFX Score 7.135-10 years | Regulated in Cyprus | Regulated in United Kingdom | Regulated in United Arab Emirates
BaFin : 183/12
GKFX Prime
WikiFX Score 7.085-10 years | Regulated in Australia | Regulated in The Virgin Islands | Market Making(MM)
BaFin : SIBA/L/14/1066
Lydya Financial
WikiFX Score 7.075-10 years | Regulated in France | Regulated in Cyprus | Regulated in Spain
BaFin : 300/16
FXORO
WikiFX Score 7.0110-15 years | Regulated in Cyprus | Regulated in United Kingdom | Regulated in Spain
BaFin : 571351
LIRUNEX
WikiFX Score 6.912-5 years | Regulated in Germany | Regulated in France | Regulated in Cyprus
BaFin : 338/17
FIBO Group
WikiFX Score 6.7510-15 years | Regulated in Cyprus | Regulated in Germany | Regulated in United Kingdom
BaFin : 532885
XGLOBAL
WikiFX Score 6.675-10 years | Regulated in Germany | Regulated in Cyprus | Regulated in United Kingdom
BaFin : 171/12
NAGA
WikiFX Score 6.655-10 years | Regulated in Cyprus | Regulated in Spain | Regulated in Germany
BaFin : 3591
ForexMart
WikiFX Score 6.475-10 years | Regulated in Cyprus | Regulated in France | Regulated in Germany
BaFin : 266/15
Trilt
WikiFX Score 6.455-10 years | Regulated in Cyprus | Regulated in United Kingdom | Regulated in France
BaFin : 148055
NSFX
WikiFX Score 6.285-10 years | Regulated in Malta | Regulated in United Kingdom | Regulated in Germany
BaFin : 595195
Blackwell Global
WikiFX Score 6.155-10 years | Regulated in Germany | Regulated in China Hong Kong | Regulated in China Hong Kong
BaFin : BGX460
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