What’s FXFlat?
FXFlat is a German independent online broker which was founded in 1997 and has since received numerous rewards for its trading conditions and the range of services provided. The range of products listed in Futures, CFDs and Forex trading as FXFlat provides its customers with advanced technology and unparalleled support, all subject to the required legislation.
FXFlat has been steadily expanding its service for many years and has been building a broad portfolio along with the value of quality support, including education and advanced training through webinars or seminars.
As part of FXFlat’s philosophy, the organization promotes the development of the CFD market in Germany by being a member of CFD Verband e.V. with the aim of promoting transparency in tandem with investor protection. In addition, FXFlat also plays an active role in social obligations, thus supporting various social institutions and hospitals.
Awards
FXFlat has received highly positive reviews from traders, as well as a variety of industry awards.
Is FXFlat secure or is it a scam?
FXFlat is a trading brand owned by F FXFlat Wertpapierhandelsbank GmbH, founded under German law, which also acts as a large Introducing Broker and operates as a securities trading bank. With its headquarters in Ratingen near Dusseldorf, FXFlat is a fully regulated and registered broker of the industry known as BaFin. BaFin is a German regulator that brings integrity and transparency to the financial sector, the terms and regulations which also comply with the rules laid down by the European ESMA and MiFID.
Clearly, the regulatory duty gives to you, as an investor, a clear statement that the company is fully legitimate, actively monitored and transparent in the trading or investment services it provides. In simple terms, therefore, BaFIN guarantees FXFlat terms and conditions for its customers, how the firm operates traders and companies, as well as protecting investors in any case.
There are several guarantees applicable to the transfer of money and your fund, as long as you open an account with FXFlat. BaFin regulatory requirements also ensure that the accounts are protected by the German compensation institution, while the broker is subject to strict regulations on the security of deposits and the complete separation of deposits from company funds.
Platforms for Trading
The FxFlat analysis technical point is about trading platforms and the software that you will be using to execute orders. FXFlat made a great choice between high-performance tools such as MetaTrader4 and MetaTrader5, StereoTrader or AgenaTrader.
You may choose to use either the industry standards MT4 and its newer version MT5 or the mainstay of AgenaTrader, known for its strong automated trading capabilities and market scanners.
StereoTrader is also a developed feature as a built efficient tool for automated trading on MetaTrader, so even if you are using the MT technical solution, StereoTrader will take it to the next level.
In addition, FXFlat went further and has platforms with free add-ons that enhance the capabilities designed to better suit the approach. Of course, all systems available in different versions are computable with either PC, MAC or mobile applications, so you can stay connected at any time.
Finally, FXFlat training materials are sincerely recommended for your consideration, knowledge remains important for any form of trader, and here FXFlat can help you as well.
Accounts
FXFlat does not offer different account types and has built its package into a single account where you will have access to all instruments and account management. The only difference is the basic currency of either the DE account available through the MT4 platform or the GB account.
Of course, money managers will also be eligible for a specific account known as a corporate account with tailored solutions and a MAM or PAMM basis.
Fees
The trading cost added to your transaction is primarily built into a spread or profit as specified by the instrument. As an example, you can refer to the snapshot below and see some of the FXFlat spreads or conditions when trading Equity or Share CFDs.
FXFlat offers very competitive terms with a low bitcoin spread of about 35pips and most brokers offer about 50pips for the same instrument.
Leverage
Leveraged trading allows you to invest in both rising and declining markets and increase market exposure relative to your initial balance. However, since FXFlat is a regulated European broker, it offers lower ratios to retail traders as leverage is 1:30 for major currencies, 1:20 for smaller currencies and 1:10 for commodities. You may also engage in free training with trained speakers offered by FXFlat to learn how to use leverage as efficiently as possible.
Nevertheless, a qualified offer will include specified conditions with higher ratios, but only available to professionals who have confirmed their status.
Deposit and Withdrawal Methods
FXFlat supports the most common methods, including Card Payments, Bank Transfers, PayPal, Skrill, Neteller and iDEAL.
Minimum Deposit Volume
The first minimum deposit specified by FXFlat is EUR 200, while the additional payments will only be EUR 50 as a transfer amount.
The Fees for Deposits
As far as fees and charges are concerned, FXFlat’s fees for deposits and withdrawals are free of charge. Nevertheless, you should always check with the customer service provider and the payment provider if there are any charges due to international regulations or defined conditions that may apply such fees on you.
Final Word
Overall, FXFLat review concludes they are a reliable choice due to a long history of service as well as the terms and conditions offered by FXFlat. So if you choose FXFlat as your broker, you’ll get not only low-cost trading, but also proven business technology, quality education, and full transparency throughout the entire process. This mix definitely worth considering both for beginners and professional traders.
