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.
Admiral MarketsScore 7.8
5-10 years | Regulated in Australia | Regulated in United Kingdom | Regulated in Cyprus
BaFin : 410681
5-10 years | Regulated in Australia | Regulated in Cyprus | Regulated in United Kingdom
BaFin : 414530
15-20 years | Regulated in United Kingdom | Regulated in New Zealand | Regulated in Germany
BaFin : 238054
10-15 years | Regulated in Cyprus | Regulated in Germany | Regulated in France
BaFin : 509956
MultiBank GroupScore 7.25
15-20 years | Regulated in Australia | Regulated in United Arab Emirates | Regulated in United Kingdom
BaFin : 416279
2-5 years | Regulated in Germany | Regulated in France | Regulated in Cyprus
BaFin : 338/17
FIBO GroupScore 6.87
10-15 years | Regulated in Cyprus | Regulated in Germany | Regulated in United Kingdom
BaFin : 532885
5-10 years | Regulated in Cyprus | Regulated in United Kingdom | Regulated in United Arab Emirates
BaFin : 183/12
5-10 years | Regulated in Germany | Regulated in Cyprus | Regulated in United Kingdom
BaFin : 171/12
Windsor BrokersScore 6.85
15-20 years | Regulated in Cyprus | Regulated in United Kingdom | Regulated in Belize
BaFin : 030/04
5-10 years | Regulated in Cyprus | Regulated in United Kingdom | Regulated in South Africa
BaFin : 185/12
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