The Federal Financial Supervisory Authority also know as BaFin is the primary regulator of binary option brokers and financial firms in Germany. A recent search of BaFin for a binary option brokers registered under BaFin reveals two of the most popular brokers; 24Option and BDSwiss. Although both binary option brokers are based in Cyprus and are regulated by CySEC, they have taken the additional step of registering their firms at BaFin. Search BaFin here.
Most of the binary option brokers in Germany are using very similar trading platforms. Most of the brokers use the SpotOption platform, read more about platforms here.
Binary option traders in general whether German or Canadian or Australian, do most of their binary option trading on Forex pairs likes the Euro/USD or the Japanese Yen / US Dollar. Most of the binary option signal providers, are still only generating signals for currency pairs. All binary option platforms offer trading on the popular stock indexes like the S&P 500 and the Xetra Dax
Regulation of Binary Options primarily comes from European Union member country Cyprus. The CySEC (Cyprus Securities and Exchange Commission) gives licenses to binary option brokers. The CySEC license is accepted in all EU countries via the MifiD Passport Regulation.
A binary option is called a binäre option or a binären option in German / Deutsch.