Germany's CFD/FX market has grown by 3% to 63,000 active traders, marking the first positive turn after three years of decline.
However, the numbers remain 25% below the COVID-era peak of 84,000 reached in 2021.
The evolving trader profile shows more entrants now coming to CFDs from derivatives and cryptocurrency backgrounds.
Germany's
leveraged trading market has reversed course, growing 3% to reach 63,000 active
CFD and forex traders in the 12 months to February 2025, according to a new
report from market research firm Investment Trends.
The
increase marks the first positive growth after three consecutive years of
contraction following the pandemic-driven peak in 2021.
German CFD/FX Trading
Market Grows for First Time in Three Years
The number
of traders in Germany's CFD/FX market remains 25% below the COVID-era high of
84,000 recorded in March 2021, but the latest figures suggest the market may
finally be stabilizing after a prolonged adjustment period.
Lorenzo Vignati, Associate Research Director at Investment Trends
“This
marks an important turning point for Germany's CFD/FX market,” said
Lorenzo Vignati, Associate Research Director at Investment Trends.
“The market has weathered a difficult period of contraction, but we're now
seeing signs of sustainable recovery.”
However,
63,000 is still a relatively small number compared to
the 1.8 million active online investors in Germany, according to a separate
report by Investment Trends published in early April. The report also showed
that as many as 16% of respondents had changed or were in the process of
changing their broker.
The rebound
in the FX/CFDs client base has been driven by a combination of factors, including
the reactivation of dormant traders and improved retention rates. The report,
based on a survey of 11,680 investors conducted between January and February
2025, revealed changing dynamics in how new participants enter the leveraged
trading market.
From ETFs to CFDs
While
shares and ETFs remain the primary gateway to trading for most Germans (72%),
the pathways are diversifying. Among new entrants to CFD/FX trading, 33% now
come with experience in listed derivatives and 27% arrive from cryptocurrency
markets—signaling an evolution in trader profiles and expectations.
“The
profile of the new leveraged trader in Germany is evolving,” Vignati
noted. “They're arriving more informed, more product-aware, and with
different expectations of what a trading platform should deliver.”
The German
market's recovery comes after a period of significant volatility. After
reaching a pandemic-driven peak of 84,000 traders in March 2021, the market
experienced three consecutive years of decline, with dormancy rates fluctuating
between 37% and 39%. This year's positive growth suggests the market may have
found its footing after the extended correction period.
“Cross-Sell Appetite in
Germany Is Strong”
The report
also highlighted the significant untapped potential for brokers to cross-sell
products. Despite 84% of German CFD/FX traders expressing openness to using
additional services from their main provider, only 26% of multi-asset traders
currently consolidate their trading and investing on a single platform.
This
disconnect points to a substantial opportunity for trading platforms that can
create more seamless experiences.
“Cross-sell
appetite in Germany is strong, but the experience gap is real,” said
Vignati. “To unlock value, providers need to build platforms that
genuinely integrate trading and investing.”
Moreover,
the German leveraged trading market has demonstrated resilience over the long
term, growing from 51,000 traders in April 2012 to the current 63,000—representing 23.5% growth over 13 years despite significant fluctuations along
the way.
Germany's
leveraged trading market has reversed course, growing 3% to reach 63,000 active
CFD and forex traders in the 12 months to February 2025, according to a new
report from market research firm Investment Trends.
The
increase marks the first positive growth after three consecutive years of
contraction following the pandemic-driven peak in 2021.
German CFD/FX Trading
Market Grows for First Time in Three Years
The number
of traders in Germany's CFD/FX market remains 25% below the COVID-era high of
84,000 recorded in March 2021, but the latest figures suggest the market may
finally be stabilizing after a prolonged adjustment period.
Lorenzo Vignati, Associate Research Director at Investment Trends
“This
marks an important turning point for Germany's CFD/FX market,” said
Lorenzo Vignati, Associate Research Director at Investment Trends.
“The market has weathered a difficult period of contraction, but we're now
seeing signs of sustainable recovery.”
However,
63,000 is still a relatively small number compared to
the 1.8 million active online investors in Germany, according to a separate
report by Investment Trends published in early April. The report also showed
that as many as 16% of respondents had changed or were in the process of
changing their broker.
The rebound
in the FX/CFDs client base has been driven by a combination of factors, including
the reactivation of dormant traders and improved retention rates. The report,
based on a survey of 11,680 investors conducted between January and February
2025, revealed changing dynamics in how new participants enter the leveraged
trading market.
From ETFs to CFDs
While
shares and ETFs remain the primary gateway to trading for most Germans (72%),
the pathways are diversifying. Among new entrants to CFD/FX trading, 33% now
come with experience in listed derivatives and 27% arrive from cryptocurrency
markets—signaling an evolution in trader profiles and expectations.
“The
profile of the new leveraged trader in Germany is evolving,” Vignati
noted. “They're arriving more informed, more product-aware, and with
different expectations of what a trading platform should deliver.”
The German
market's recovery comes after a period of significant volatility. After
reaching a pandemic-driven peak of 84,000 traders in March 2021, the market
experienced three consecutive years of decline, with dormancy rates fluctuating
between 37% and 39%. This year's positive growth suggests the market may have
found its footing after the extended correction period.
“Cross-Sell Appetite in
Germany Is Strong”
The report
also highlighted the significant untapped potential for brokers to cross-sell
products. Despite 84% of German CFD/FX traders expressing openness to using
additional services from their main provider, only 26% of multi-asset traders
currently consolidate their trading and investing on a single platform.
This
disconnect points to a substantial opportunity for trading platforms that can
create more seamless experiences.
“Cross-sell
appetite in Germany is strong, but the experience gap is real,” said
Vignati. “To unlock value, providers need to build platforms that
genuinely integrate trading and investing.”
Moreover,
the German leveraged trading market has demonstrated resilience over the long
term, growing from 51,000 traders in April 2012 to the current 63,000—representing 23.5% growth over 13 years despite significant fluctuations along
the way.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Rules Stay the Same: So Why Is AI So Hard to Watch?
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official