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Review FXFlat

Established in 1997 and headquartered in Ratingen, Germany, FXFlat is a versatile online broker offering extensive trading options. The platform supports trading in forex, CFDs, stocks, options, futures, bonds, and ETFs, providing access to over 135 exchanges worldwide. Regulated by the Federal Financial Supervisory Authority (BaFin), FXFlat ensures high standards of safety and reliability.

Recommended to:

FXFlat is recommended for both novice and experienced traders seeking a comprehensive trading platform with access to a wide range of financial instruments and markets. The platform offers webinars, video tutorials, and a trading academy, which can be very helpful for those new to trading.

Pros

No inactivity fees
Variable payment methods options
Good range of research and educational tools

Cons

Minimum deposit required
Market data fees
Demo acc limitation

Review’s Keypoints

Country of regulation

Germany

Minimum deposit

€200

Time to open an account

1 day

Trading fees class

Low

Deposit with bank card

Yes

Number of base currencies supported

Products offered

Stocks

Options

Forex

CFD

Futures

Depositing with electronic wallet

Yes

Demo account provided

Yes

Fees

FXFlat offers competitive and transparent trading fees, including a €1.00 commission per contract per side on standard accounts and generally lower spreads and commissions compared to industry standards. However, its somewhat complex

Pros

Low trading fees
No inactivity fees

Cons

Complex fee structure
Currency conversion fee

Account

Opening an account with FXFlat is easy. Fill out the online application with your personal and financial details. Verify your identity with ID and proof of address. Once approved, fund your account using various deposit methods. You can then start trading forex, CFDs, and futures with FXFlat’s advanced platforms and access their educational resources and customer support.

Standard Account

Ideal for most traders, offering access to a wide range of instruments including forex, CFDs, and futures. Features include competitive spreads and leverage options.

Professional Account

Designed for experienced traders who meet specific criteria. This account type provides higher leverage, lower margin requirements, and access to advanced trading tools.

Islamic Account

A swap-free account that complies with Sharia law, suitable for traders who cannot receive or pay interest due to religious reasons.

Corporate Account

Tailored for businesses and institutional clients, offering customized solutions and higher transaction volumes.

Click on the card to see details

01
Online Application
02
Identity Verification
03
Fund account and start trading

Transfers

Opening an account with FXFlat is straightforward, fully online, and designed to be user-friendly. You can start trading with a minimum deposit, making it accessible for a wide range of traders. The platform supports account opening for residents in multiple countries, ensuring broad accessibility and convenience for users worldwide. However, a downside is that FXFlat charges fees for accessing real-time market data, which could be an additional cost for active traders.

Pros

Flexible deposit options
No withdrawal fees
No deposit fees

Cons

Withdrawal process can take few days
Currency Conversion Fees
Limited based currency

Trading Platforms

Web Trading Platform

FXFlat offers a web trading platform with advanced features such as real-time market data and sophisticated charting tools. However, it does not include two-step security verification. The platform is user-friendly and provides access to a wide range of trading instruments

Mobile Trading Platform

FXFlat offers a mobile trading platform called "FXFlat App" for iOS and Android. Two-step security verification availability may vary. The web trading platform provides a user-friendly interface with real-time quotes, customizable charts, and access to various markets like forex and stocks. For specific details, explore reviews or try the platform directly.

Desktop Trading Platform

FXFlat offers a desktop trading platform with features like real-time quotes and customizable charts.

Offering

FXFlat in Numbers:

Global Stock Exchange

Currency Pairs

CFDs on Indices

Forex

FXFlat offers forex trading with competitive spreads that start very low on major currency pairs and provides significant leverage options for both retail and professional clients.

CFD

FXFlat offers CFD trading on a wide range of assets, including stocks, indices, commodities, and forex, with competitive spreads and flexible leverage options tailored to meet the needs of both retail and professional traders.

Stocks

FXFlat offers comprehensive stock trading services, providing access to a vast selection of global markets and equities with competitive fees and advanced trading platforms to suit various investment strategies.

Options

FXFlat offers options trading with access to various global markets, providing advanced tools and competitive fees to support diverse trading strategies.

Futures

FXFlat provides futures trading with access to a broad array of global markets, featuring competitive fees and sophisticated trading platforms to accommodate various trading strategies.

Bonds

FXFlat facilitates bond trading by offering access to a wide variety of international markets, combined with competitive fees and powerful trading platforms designed to accommodate diverse investment strategies.

ETF

FXFlat enables ETF trading by granting access to a variety of international markets, offering competitive fees and advanced trading platforms to support diverse investment strategies.

Mutual Funds

FXFlat supports mutual fund trading, giving investors access to a wide range of funds from international markets, with competitive fees and sophisticated platforms to enhance diverse investment strategies.

Commodities

FXFlat provides commodities trading with access to a wide range of global markets, offering competitive fees and advanced trading platforms to support various investment strategies.

Tools

Trading Ideas

FXFlat provides trading ideas through various resources such as webinars and tutorial videos that cover market analysis and strategies, and a client newsletter that includes market insights and potential trading opportunities. Additionally, platform add-ons like StereoTrader offer trading signals and enhanced analytical tools, further assisting traders in making informed decisions

Analyst Ratings

FXFlat provides analytical ratings through its platform add-ons, such as MetaTrader and ATAS. These tools offer detailed market analysis and insights, helping traders make informed decisions by providing comprehensive analytical support

Fundamental Data

FXFlat offers fundamental data through its trading platforms, providing insights into economic indicators, company financials, and market trends. This fundamental analysis helps traders understand the underlying factors affecting asset prices, supporting strategic investment decisions

Chartning

FXFlat offers analytical ratings through its platform add-ons like MetaTrader and ATAS. These tools provide in-depth market analysis, enhancing traders' ability to make informed decisions. This feature supports both novice and experienced traders with detailed insights into market trends

News Feed

FXFlat provides a news feed feature as part of its trading tools. This news feed offers real-time updates and market news, helping traders stay informed about market developments This feature is available through various platforms, including MetaTrader and the Trader Workstation, enhancing the overall trading experience by providing essential market insights

Regulation

FXFlat acts as an introducer to Interactive Brokers, with client assets held by IBKR and regulated by BaFin in Germany. Investor protection for Interactive Brokers’ clients is governed by its Germany-based entity. The broker provides negative balance protection for forex spot and CFD trading for retail clients from the EU. Professional and non-EU clients do not receive negative balance coverage. FXFlat is not required to publish financial information as it is not listed on a stock exchange

Bottom Line

FXFlat is a versatile German broker ideal for both novice and experienced traders. It offers access to a broad array of financial instruments, including stocks, ETFs, forex, CFDs, and futures, supported by advanced trading tools and educational resources such as webinars, video tutorials, and a trading academy. Client assets are securely held by Interactive Brokers, and FXFlat operates under the regulation of BaFin. The broker provides negative balance protection for EU retail clients trading forex spot and CFDs, but this protection is not available for professional and non-EU clients.

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