FXFlat Review (2023)

What is FXFlat?

FXFlat is a German independent online broker that operates since 1997 and ever since received numerous rewards for its trading conditions and range of offered services. The product range specified to Futures, CFDs and Forex trading as FXFlat provides its clients with innovative technology and unparalleled service, while all respectfully regulated by necessary laws.

For long years of its operation FXFlat constantly expands its service and has been developing a comprehensive portfolio along with the importance of quality support, including education and advanced training through webinars or seminars.

As a part of FXFlat philosophy, the company supports developing of the CFD market in Germany by being a member of CFD Verband e.V., with a purpose to promote transparency together with investor protection. In addition, FXFlat has an active role in social commitments too, while supporting various social institutions, hospitals.

FXFlat Pros and Cons

FXFlat is a reliable trading broker with regulated proposal good range of trading instrument, qiliaty support and advanced education. Fees are low and platform selection is wide.

For the negative side, instruments are limited to CFDs and Forex, there is no 24/7 support.

Awards

Actually, for many years of its operation FXFlat gained highly positive recommendations and regards from both, traders they serve, as well as recognized by numerous industry awards.

Is FXFlat safe or a scam

No, FXFlat is not a scam and is a reliable broker due to regulations.

FXFlat is a trading brand owned by FXFlat Wertpapierhandelsbank GmbH established under German laws, also acting as a large Introducing Broker and operates as a securities trading bank. With its headquarter in Ratingen near Dusseldorf, FXFlat is a fully regulated and authorized broker by the industry known BaFin.

BaFin is a German authority that brings integrity and transparency to the financial sector, which conditions and regulations also comply with European ESMA and MiFID sets of rules.

Obviously, regulatory obligation bringing to you as a trader clear state that the firm is fully legit, constantly overseen, and clear in the trading or investment service it provides. Therefore and in simple words, BaFIN ensures clients of FXFlat conditions, how firms operate traders and trades, as well as protects investors in any scenario.

There are numerous guarantees applied towards money processing and your fund, as long as you open the account with FXFlat. BaFin regulatory obligations also mean accounts are covered by the German compensation institution, while a broker is subject to strict rules of deposit protection and full segregation of deposits from the company funds.

Leverage

Leveraged trading allows you to invest in both rising and falling markets and gain bigger exposure to markets compared to your initial balance.

• FXFlat being a European regulated broker, however, offers lowered ratios to retail traders as leverage goes to 1:30 for major currencies, 1:20 for minor ones, and 1:10 for commodities.

You may also take part in free training with qualified speakers FXFlat provides in order to understand how to use leverage most efficient way.

Nevertheless, a professional offering will include specified conditions with higher ratios, yet available only for professionals who confirmed its status.

Account types

FXFlat does not offer different account types and built its proposal into a single account where you will gain access to all instruments and account management. The only difference is defined by the base currency either DE account available through the MT4 platform or GB account.

Of course, money managers will also submit for a specified account known as a corporate account available with tailored solutions and MAM or PAMM basis.

Fees

FXFlat trading conditions and FXFlat spread which is a trading cost applied to your transaction is mainly built into spread or commission as defined by the instrument. For a full fee structure consider fees like funding fees or inactivity, see the fee table below.

Spreads

As an example, you may refer to the snapshot below and see some of FXFlat spreads, or conditions while trading Equity or Share CFDs. Eventually, as we found, FXFlat offers quite competitive conditions with a low spread for Bitcoin is about 35pips and the majority of brokers offer around 50pips for the same instrument, you may compare FxFlat fees to another popular broker HotForex.

Deposit and Withdrawal Methods

The last point within our FXFlat Review is how to transfer funds into your trading account. FXFlat supports the most common methods including Card Payments, Bank Transfers, PayPal, Skrill, Neteller and iDEAL.

FXFlat minimum deposit

The first FXFlat minimum deposit is 200 EUR, while further payments will apply only 50 EUR as a transfer amount.

FXFlat minimum deposit vs other brokers

FXFlat withdrawal

FXFlat mentions deposits and withdrawals free of any fees, you can use various withdrawal options including Paypal withdrawal. However, you should always check with the customer service and payment provider in case there are any charges due to international policies or specified conditions that may add some fees to you.

Trading Platforms

FxFlat Review technical point is about trading platforms and software itself which you will be using to execute orders. At this point, FXFlat made it a great choice as well between high-performing tools like the MetaTrader4 and MetaTrader5, StereoTrader, or AgenaTrader.

So you may choose either to use industry standards MT4 and its newer version MT5 or to mainstay at AgenaTrader known for its powerful automated trading capabilities and market scanners.  

StereoTrader as a developed efficient tool for automated trading on MetaTrader is also a great feature, so even if you in use with MT technical solution StereoTrader will bring it into the next step.

In addition, FXFlat went further and accompany platforms with free add-ons that enhance capabilities designed to suit your strategy in a better way. Of course, all platforms are available in different versions computable with either PC, MAC or through mobile applications so you stay connected at any time.

Lastly, FXFlat education materials are truly recommended for your attention, knowledge stays essential for any type of trader and here FXFlat will support you as well.

Conclusion

Overall, FXFLat Reviews and brokers trading opportunity is a reliable choice, due to its long history of operation, as well as the conditions FxFlat offers. So in case you will choose FXFlat as your broker, you will get not only low cost trading but also proven technology to trade, quality education and full transparency throughout all processes. We consider this combination definitely worth consideration for both beginner or professional traders.