Spot crypto is legal and the service side is licensed: since MiCAR applies, crypto-asset service providers need an authorisation, and BaFin runs that procedure together with the Deutsche Bundesbank, with the national Kryptomärkteaufsichtsgesetz (KMAG) and the 2025 delegated and implementing regulations filling in the detail. Holding, buying and selling crypto as a retail investor is unrestricted.
Leveraged derivatives are treated as a consumer-protection problem instead. Under a product intervention BaFin ordered a general prohibition on marketing, distributing and selling contracts for difference to retail clients, lifted only where the provider meets all five protective conditions at once.
The contract itself does not change by geography: a BRENT perpetual settles in USDC everywhere.
7 venues open brent crude perps to traders in Germany.
Avantis
Helix
Hyperliquid
Lighter
Ondo
OstiumFour steps from sign-up to an open position.
Section 23 EStG taxes private sale transactions in "other assets" where less than one year passes between acquisition and disposal, at the taxpayer's personal income tax rate; a calendar year whose total private-sale gains stay under EUR 1,000 is exempt.
Trading BRENT from Germany: legal.
Germany traders can fund Brent Crude positions using SEPA Bank Transfer, Sofortueberweisung and Credit/Debit Card.
Germany residents can trade Brent Crude on 8 platforms, including Avantis, GMX and Helix.
On Canborsa, Brent Crude trading from Germany costs 0.07% per side.