Frequently asked questions about Germany
Are cash-prize trading tournaments legal in Germany?
Not on BaFin-regulated retail broker accounts. BaFin and ESMA inducement rules effectively ban cash-prize CFD and forex contests for regulated retail. Activity concentrates in educational and virtual-portfolio simulations. Global prop firms (FTMO, FundedNext, Apex) provide the cash-prize path outside the regulated-broker perimeter.
What is Planspiel Börse?
The largest German trading simulation, run annually by the Sparkasse network. The 43rd edition draws over 100,000 school and university participants across 370+ Sparkasse sub-pages and runs from September 14 to January 25 for the 2027 edition. It is a virtual-portfolio format, not a live-money contest.
Which German crypto exchanges run tournaments?
None currently run PnL trading contests. Bitvavo, BSDEX, Bison, justTRADE and Bitpanda run only deposit lotteries and referral promos. For crypto tournaments German residents typically look to global exchanges, though eligibility varies.
Can I use FTMO and other prop firms from Germany?
Yes. FTMO, FundedNext and Apex Trader Funding accept German residents and sit outside the BaFin regulated-broker perimeter that blocks cash-prize contests on regulated CFD/forex accounts. They form the main cash-prize layer for German traders alongside Trading Masters and Société Générale's Trader 2026.
What's the difference between Planspiel Börse and VR-Börsenspiel?
Planspiel Börse is run by the Sparkasse network (370+ sub-pages, Sep-Jan cycle, 100K+ participants). VR-Börsenspiel is the Volksbank co-operative-bank sister format (700+ sub-pages, February 11 to May 11 for the 2026 edition). Same educational virtual-portfolio structure, different sponsoring banking group.
