FXFlat Review

FXFlat
Bonus up to 250€
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Overview

Successful German Forex broker, one of the dynamic companies, which has many prestigious awards for the quality trading organization.

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Details

BrokerFXFlat
Website URLfxflat.com
Founded1997
HeadquartersKokkolastr. 1 40882 Ratingen Germany
Support Number008000-0393528
Support TypesChat, phone, email
LanguagesGerman, Russian, English
Trading PlatformMetaTrader 4, MetaTrader 5, AgenaTrader, StereoTrader, WebTrader, etc.
Minimum 1st Deposit200€
Minimum Trade Amount0,1€
BonusBonus up to 250€
Leverage1:200
Spreadfrom 0.8 points
Free Demo Account Open Demo
Regulated Yes
RegulationBaFin (№109603)
Deposit MethodsBank transfers, credit and debit cards MasterCard, VISA, MasterCard SecureCode, Wirecard, SKRILL, Discover, SOFORT Überweisung, JCB, Przelewy24, iDEAL, etc.
Withdrawal MethodsBank transfers, credit and debit cards MasterCard, VISA, MasterCard SecureCode, Wirecard, SKRILL, Discover, SOFORT Überweisung, JCB, Przelewy24, iDEAL, etc.
Number of Assets100+
Types of AssetsCurrency, CFD on stocks, stock indexes, ETF, commodities, unique options (interest rates, loans, inflation rates)
Account CurrencyGBP, CHF, PLN, USD, EUR
US Traders Allowed No
Mobile Trading Yes
Overall Score3/10

Full Review


FXFlat is a successful German Forex broker, has been working in trading since 1997 and is one of the dynamically developing and experienced companies, which has many awards of prestigious institutions and publications for providing favorable conditions and a wide range of services in trading. Today, without stopping in development, it is ready to offer the user only the best trading conditions.

And yet, is FXFlat a scam or decent company, which we should trust? We answer this question in a detailed review of the broker.

 

Terms of trade with FXFlat

The secret of this broker`ssuccess is a constant development and following the trends of online trading, using innovation and quality service that has allowed the broker to secure a foothold on the market and became one of the undisputed leaders. The company’s goal is to provide tools for fast and successful trading, which is especially important in the constant dynamics of the markets. The belief that high-margin trading is a combination of technology with a clear strategy, determines the important points of the company. Therefore, one of the broker’s goals is to develop high-quality solutions, including individual ones, which will bring positive results to the client.

Special attention is paid to the issue of trading security, which allows to guarantee the safety of funds (all funds are stored in well-known banks, etc.), as well as confidentiality. There are only competent professionals among the staff of the broker, who are versed in Forex trading, have a successful trading experience, so the company knows exactly what a trader needs to trade. Professional support service will always be happy to answer any questions, help to develop your trading strategy, optimize risk management.

FXFlat is serious about software for trading and offers its user popular MetaTrader 4 trading terminal; AlphaTrader; and also personal inventions: a mobile application for implementing a convenient and quick trade (iOS, Android); FlatTrader Pro is one of the best programs for trading operating without interruption and allow them to trade quickly and efficiently, has won numerous awards for stable operation; WebTrader Pro is a fast, simple, powerful tool for the job.

Providing users with direct access to the market at transparent prices, the company offers a large range of tools: it is not only traditional, but also the most innovative products. In addition to CFD and Forex trading, the company has provided an opportunity to work with the main markets of loan capital, previously available only for the largest banks, corporate dealers. Transparency and honesty of the broker, round-the-clock trading, quick access to the account, free trading training, innovative types of orders are only part of the benefits that await the trader. The broker regularly holds seminars and webinars, invites experts who are always ready to share their experience.

 

Deposit and withdrawal

FXFlat offers advanced features for easy deposit and withdrawal. To deposit funds to your trading account, you need to register with the broker, make an amount by choosing a convenient way to transfer funds (minimum deposit – 200 EUR) from the proposed list:

  • Bank transfers (transfer up to 3 working days),
  • Credit and debit cards: MasterCard, VISA, MasterCard SecureCode (credit up to 24 hours),
  • Electronic payment systems: Wirecard, SKRILL, Discover, SOFORT Überweisung, JCB, Przelewy24, iDEAL, etc. (enrollment according to the tariffs of the system).

You can open an account in several currencies. Withdrawal of funds is possible only for authorized traders, only in the same way, as there was a deposit. Withdrawal time is from 2 to 3 working days.

 

Complaints against FXFlat

Despite the fact that the broker works on the financial markets for a long time, there are a few reviews from traders about it, perhaps the reason is that the company began to focus on the market recently. In addition, there is not much information about the company in the network, which makes it difficult to be acquainted with its capabilities.

Among the positive reviews traders often note the reliability of an advanced broker offering favorable trading conditions, fast execution of transactions, no jumps in spreads, quick withdrawal of funds. Negative comments are also few, users indicate as problems: long withdrawal of funds, problems with the website.

If we find complaints about FXFlat, we will post it on social media. Follow us to be well informed:

 

Is FXFlat a scam?

FXFlat is a successful and experienced Forex broker that has been operating in the financial markets for 20 years. Today it is one of the most experienced and dynamically developing European companies, awarded with prestigious awards for quality service and favorable trading conditions. Of course, the broker is well known in Europe, it has a large enough base of traders, has firmly taken its place on the Forex market, which we consider a positive thing that distinguishes the company from one-day firms (truth about Forex). Besides, there is a few references of traders in Internet about the work with the broker, which reduces the trust of the client.

There is not enough material (reviews, expert opinions) about the company on the Internet that it is also a significant brake on its distribution in our country. We hope that the broker will work to change the situation and its service and features will be available to our trader. FXFlat is a licensed broker (there is a regulation of BaFin), but we did not find any detailed information about certification. The company pays great attention to favorable trading conditions (low entry threshold, low spreads, fast execution, etc.), offers affiliate programs, which largely indicates a well-thought-out strategy of working with the client.

One of advantages of the company is its own development of high-quality innovative service for uninterrupted trading (FlatTrader Pro, WebTrader Pro), which won many positive reviews and awards of the largest financial institutions. An important task of successful trading for the company is a provision of quality service and successfully performance of it that indicate its serious intentions, willingness to invest significant funds in the development. We will also consider this as an advantage that distinguishes an honest broker from scam sites.

The official website of FXFlat contains a lot of material (about platforms, trading conditions, etc.), but there is no important information about the license, account types, etc. Whether today should we consider FXFlat as a scam? We think not. This decision was influenced at least by the impressive experience of the company, presence of a serious reputation in Europe, its own developments, awards and positive reviews. Therefore, if you do not want to have any problems with the broker, you should work correctly with a personal manager, specifying the necessary information about the trading rules, withdrawal procedure, etc.

 

Broker`s regulator

FXFlat is owned by FXFlat Wertpapierhandelsbank GmbH, a German asset management company, regulated by the Federal financial supervision authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin, №109603). All companies under the jurisdiction of BaFin must have a capital of €730,000; all documentation must meet the requirements of MiFID. Note that neither on the broker’s website nor on the regulator’s website, have we not found confirmation of the license, links to documents.

 

Bonuses in FXFlat

Each trader has a bonus of up to 250€.

A profitable bonus from the broker will allow you to get additional funds for trading up to 250€. To take part in the promotion, you need to recommend the company to your friends, and if a friend opens a real account, the trader will receive a bonus. Term for bonus providing check with your personal manager.

 

Summary

Forex trading broker FXFlat has been providing services successfully for 20 years, has gained trust as a reliable and stable company, is considered one of the leaders in trading. With many prestigious awards, high-quality innovative software development the broker continues its development, follows the modern trends of online trading.

It is worth noting that FXFlat has been successful for many years and proves its reliability, so today we will not evaluate it as a scam company. And yet the references we expect from traders may not only affect the broker’s ratings, but also caution investors against possible problems.

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