In this FXFlat Review, we are going to take a look at the offer that this broker prepared for its traders. FXFlat operates on the financial market since 1997. When it comes to trading platforms, the broker features MetaTrader 5, AgenaTrader, StereoTrader and MetaTrader 4. The FXFlat minimum deposit is 200 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this FXFlat Review
Website address: | https://www.fxflat.com/ |
Operated by: | FXFlat Wertpapierhandelsbank GmbH |
Licensed and authorised by regulatory bodies: | BaFin |
Supported languages: | English and German |
Customer support available via: | E-mail, phone, live-chat |
Contact details: | service (@) fxflat.com 008000-0393528 |
Available deposit methods: | Bank transfer, Paypal |
Available withdrawal methods: | Bank transfer, Paypal |
Minimum deposit: | 200 USD |
Min. trade in lots: | 0.01 |
Spreads: | Minimal spread on the currency pair EUR/USD - 1,2 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex (11), stocks, commodities |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | MetaTrader 5, AgenaTrader, StereoTrader |
Social trading: |
FXFlat Fees (minimal spreads)
We have scanned fees (minimal spreads) that FXFlat charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
1,3* | 1,2* | * | 1,5* | 1,3* | * |
*Minimal spreads were recorded on 29.07.2020 at 18:51 for the standard account. FXFlat spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: Parker-Prime, JhaveriTrade, StarFinex and EXANTE
Frequently Asked Questions
🧐 Is FXFlat a Scam?
In accordance with our research, FXFlat is a broker licensed and regulated by the BaFin. While it is a good thing that the broker is regulated, the BaFin regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that FXFlat is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the FXFlat minimum deposit?
In order to start trading with FXFlat, you have to deposit at least 200 USD (Trading accounts can also be held in USD, EUR).
📵 What deposit and withdrawal methods FXFlat supports?
⚖️ Would you recommend me choosing FXFlat?
We don’t have our own personal experience with FXFlat. However, the broker is regulated by the BaFin which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with FXFlat.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.