FxFlat Bank Review: Is FxFlat.com Legit or Scam? See Pros & Cons
FxFlat Bank
- Trading Instruments: CFDs on major indices (e.g., DAX, S&P 500, FTSE 100) CFDs on individual stocks Forex pairs Commodities (e.g., gold, silver, oil) Futures contracts Trading Platforms: MetaTrader 4 (MT4) MetaTrader 5 (MT5) Trader Workstation (for professional accounts) Account Types: Standard Account Professional Account Company Account Leverage: Up to 1:30 for retail clients Higher leverage available for professional clients Spreads: Competitive spreads, especially for popular instruments Deposits and Withdrawals: Multiple payment methods available (e.g., credit/debit cards, bank transfers, e-wallets) Fast and efficient withdrawal processing Educational Resources: Articles, webinars, and other educational materials to help traders improve their skills Customer Support: Multilingual customer support available 24/5
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Details
| Broker | FxFlat Bank |
|---|---|
| Website URL | FxFlat.com |
| Founded | 1997 |
| Headquarters | Ratingen near Düsseldorf |
| Support Number | 0031-20-2051076, 0049-2102-100494-92 |
| Support Types | Email, phone, livechat and contact form |
| Languages | English, French, German, Turkish, Spanish, Italian, Polish and Russian |
| Trading Platform | MetaTrader 4/5 And web-based platform |
| Minimum 1st Deposit | €200 |
| Minimum Account Size | €200 |
| Minimum Trade Amount | $18 |
| Maximum Trade Amount | N/A |
| Bonus | NO BONUS |
| Payout | 100% |
| Leverage | 4 Leverage up to Futures from 1:135 Spot Forex 1:200 CFDs Indices - Majors 1:20 CFDs Indices - Minors 1:10 Forex CFDs - Majors 1:30 Forex CFDs - Minors from 1:10 Gold CFDs 1:20 Metals CFDs 1:10 Oils CFDs 1:10 Stocks DE CFDs 1:5 Stocks US CFDs 1:5 Interests CFDs 1:5 Cryptos CFDs 1:2 Weekend-Margin normal (no duplication) Margincloseout 100% Negative Balance Protection |
| Spread | 0.8 pips |
| Free Demo Account | Open Demo |
| Regulated |
 |
| Regulation | BaFin |
| Fee Info | N/A |
| Commission Info | N/A |
| Account Types | Standard account, professional account or company account. |
| Deposit Methods | Neteller Skrill Bank cards Bank transfer Wire transfer Visa Cryptocurrency Electronic payment |
| Withdrawal Methods | Neteller Skrill Bank cards Bank transfer Wire transfer Visa Cryptocurrency Electronic payment |
| Trading Methods | BookTrader. Create limit, stop, and bracket orders |
| Number of Assets | 100+, and Client assets are insured up to € 1.000.000 per client. |
| Expiry Times | N/A |
| Types of Assets | forex, CFDs, futures, stocks, options, bonds, ETFs, and mutual funds |
| Option Types | N/A |
| Trading Currency | USD, EUR, GBP, CHF, CAD, JPY, AUD, CNH, CZK, DKK, HKD, HUF, ILS, MXN, NOK, NZD |
| Account Currency | €,£,$ etc |
| US Traders Allowed |  |
| Mobile Trading |
|
| Tablet Trading |
|
| Overall Score | 7 |
Pros
- Regulation: Regulated by the German Federal Financial Supervisory Authority (BaFin), ensuring safety and security for traders. Variety of Trading Instruments: Offers a wide range of trading instruments, including CFDs, Forex, and futures. Multiple Trading Platforms: Provides popular and reliable trading platforms like MetaTrader 4 and 5. Competitive Spreads: Offers competitive spreads, especially for professional accounts. Educational Resources: Provides educational resources to help traders learn and improve their skills. Excellent Customer Support: Offers responsive and helpful customer support.
Cons
- High Minimum Deposit for Professional Accounts: Requires a high minimum deposit of 2000 euros for professional accounts. Limited Research Tools: Compared to some other brokers, FXFlat may have limited research tools. No US Clients: Due to regulatory restrictions, FXFlat cannot accept clients from the United States. Limited Mobile App Features: The mobile app may have limited features compared to some other brokers.
FXFlat Bank Review 2024: Is FxFlat.com Legit or Scam? Today, we will share What Traders Don’t Know About The Broker. FxFlat Trading Is a forex broker we discovered today, they are great platform for CFDs and forex investment. However what we are here to address is the legitimacy of the broker, and if you follow us, we will know if the broker will add to your trading experience in good way. Compare platform with iqcent broker.
What is FxFlat Bank
FxFlat is forex & CFDs first-class online brokerage firm. The platform was founded by group of experts while Rafael Neustadt is the Founder and CEO. FxFlat is a regulated provider of forex with company headquarters in Germany. They offer reliability and honesty in trading and regardless of your experience, you can jump start the market with the broker’s tools. wthat meets the highest standards.
FXFlat now offers you the entire spectrum of asset classes and financial instruments. Thus, you can trade in stocks, bonds, futures, forex and ETFs in more than 135 exchanges worldwide. Apart from wide range of instruments, the platform is equipped with educational resources and experienced customer support service for easy start. FXFlat Bank is currently supervised by the Federal Agency for Financial Services Supervision (BaFin). The platform is built with intuitive interface and high quality performing power systems. Therefore if you want to start trading with the broker, we can say that FxFlat is not a bad broker just like libertex.
FxFlat Account Types
FXFlat offers two main account types, this accounts is both for beginners and advanced traders.
Standard Account:
- Suitable for both beginners and experienced traders.
- Offers a wide range of trading instruments, including CFDs, Forex, and futures.
- Minimum deposit of 200 euros.
- Available on MetaTrader 4 and MetaTrader 5 trading platforms.
- Automatic withholding of taxes for customers from Germany.
Professional Account:
- Designed for seasoned traders with a high level of trading knowledge and experience.
- Offers more advanced features and benefits, such as lower spreads, higher leverage, and access to exclusive trading tools.
- Minimum deposit of 2000 euros.
- Available on Trader Workstation trading platform.
- No withholding of taxes.
FxFlat Bank Account summary, the key differences between the two account types in a chart.
| Feature | Standard Account | Professional Account |
|---|---|---|
| Minimum Deposit | 200 euros | 2000 euros |
| Trading Instruments | CFDs, Forex, Futures | CFDs, Forex, Futures, Stocks, Options |
| Trading Platform | MetaTrader 4, MetaTrader 5 | Trader Workstation |
| Taxes | Automatic withholding for German customers | No withholding of taxes |
| Other Features | Basic trading tools | Advanced trading tools, lower spreads, higher leverage |
Additional Information:
- FXFlat also offers a company account for corporate clients.
- The specific features and benefits of each account type may vary depending on your location and other factors.
- It’s important to carefully consider your trading needs and experience level before choosing an account type.
FxFlat Review Trading Platform
FXFlat offers two main trading platforms which is mt4 and mt5. Traders can start by just downloading and installing the MetaTrading software.
1. MetaTrader 4 (MT4):
- Popular and widely used trading platform.
- Offers a user-friendly interface and a variety of trading tools.
- Suitable for both beginners and experienced traders.
- Available for both desktop and mobile devices.
- Supports a wide range of trading instruments, including CFDs, Forex, and futures.
2. MetaTrader 5 (MT5):
- Advanced trading platform with more features than MT4.
- Offers a more sophisticated interface and additional trading tools, such as economic calendars and depth of market charts.
- Suitable for experienced traders who require advanced features.
- Available for both desktop and mobile devices.
- Supports a wider range of trading instruments than MT4, including stocks and options.
Other FxFlat Trading Tools
- FXFlat also offers the Trader Workstation trading platform for professional accounts.
- The specific features and benefits of each trading platform may vary depending on your account type and other factors.
- It’s important to choose a trading platform that suits your trading style and experience level.
- Is FxFlat Legit?
FxFlat bank is a forex broker with a competitive trading platform. However the platform provides major business opportunities to investors with. Therefore we are saying that FxFlat is legit and reliable to invest with. If you wish to start trading the broker, visit the official website and complete your registration. Note that FxFlat.com is ot fx-flat.
Morever, FxFlat is regulated by the German Federal Financial Supervisory Authority (BaFin), which is a reputable and strict financial regulator. This means that FXFlat is subject to strict rules and regulations, ensuring transparency, client protection, and fair trading practices. Therefore if you have the plan of trading with broker, your investment is safe. The platform is legit and reliable for investors of all kind.
Customer Support
FxFlat offers good customer support to investors. However it’s 24/7 support service which allows you to communicate in English, deutsch, Nederlands. You can contact them via email, phone and livechat. You can equally reach out to them on all social medias. The response time is quick but not instant. The telephone support number is 0049210210049400 and email is service@fxflat.com.
FxFlat Review Conclusion
Finally we will conclude our FxFlat bank review by telling you to start trading with the broker. FxFlat is legit and reliable to trade with, however if you are not sure or familiar with the platform, you can start with iqcent broker. It’s a good trading platform with affordable minimum deposit. We have other investment opportunities to try, get started today.
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