FXFlat Review – Is FXFlat.Com a Reliable and Trusted Broker
FXFlat is a German-based Market Maker Brokerage founded in 1997, owned by FXFlat Wertpapierhandelsbank GmbH, and running as securities trading bank since 2015.
After detailed research done about this broker, we concluded that FXFlat ticks most of our boxes on a list of preferable requirements a forex brokerage should meet in regard to safety and reliability.
Regulatory authorities, in this case, BaFin, make sure that the broker under their authorization is legit, constantly monitored, and fully transparent when it comes to their trading conditions. Our FXFlat Review will cover all the specifics regarding this broker and what it offers to its clients.
FXFlat Pros and Cons
Besides being fully regulated and legitimate, FXFlat has a lot to offer to its clients, regardless of their level. FXFlat offers attractive trading fees, trading with advanced trading platforms and tools, as well as an extensive range of learning materials for beginners.
One is granted full access to trading platforms with a demo account to test it out before fully committing and depositing funds.
On the downside, the minimum deposit of $200 is still high compared to its legit counterparts, and there is no bonus system (although this does fall under EU regulations).
|Platforms||MT4, MT5, AgenaTrader|
|Instruments||CFDs, Indices, Forex, ETFs, Shares, Commodities, Cryptocurrencies, Shares|
|Minimum Deposit||200 EUR|
|Base Currencies||EUR, GBP|
Is FXFlat a Regulated Broker? License and Security
FXFlat is regulated by BaFin, the Federal Agency for Financial Services Supervision based in Germany. BaFin’s protocols and conditions adhere to The European Securities and Markets Authority (ESMA) and the Markets in Financial Instruments Directive (MiFID 2), so we can confidently say that FXFlat is a reliable broker and can be trusted.
On top of that, FXFlat did a great job of providing additional insurance for its clients free of charge. This German-based broker purchased additional insurance for clients from the EEA countries in case the primary (covering up to 20,000 EUR per client) isn’t enough. With this additional insurance, traders and their funds are covered with up to 500,000 EUR.
Accounts Types Offered by FXFlat
There are two options clients can choose from when it comes to account types, Standard and Professional, in the MetaTrader or Trader Workstation platform.
200 EUR is the minimum deposit required for a MetaTrader and 2,000 EUR is the minimum deposit needed if one chooses to trade with a Trader Workstation.
A demo account is also available for both TWS and MT platforms, and traders have 30 days to test both for free, without any obligation, and completely risk-free.
Trading Platforms Overview
Traders opting for FXFlat can access some of the most popular trading platforms and financial tools in the industry. MT4, MT5, and TWS are available options, and also are available on both desktop and web, as well as trading add-ons such as AgenaTrader, SpreadTrader, and StereoTrader.
MT4 is suitable for traders of all levels and has everything you could possibly need for forex trading such as interactive charts, 9 different timeframes, a strategy tester, technical indicators, and much more.
MT5 has everything MT4 has and so much more – an economic calendar, fund transfer between accounts, netting, trading signals, and trading robots, just to name a few.
Trader Workstation is not suitable for beginners and it offers features such as custom watchlists, risk management, and over 100 different order algorithms and types.
Trading Instrument Available at FXFlat
Available trading instruments at FXFlat is
MetaTrader account grants access to forex, CFDs, and futures, while Trader Workstation provides a lot more options with stocks, futures, options, crypto, CFDs, ETFs, and more.
Leverage is in accordance with the EU regulations at 1:30, but it varies depending on the trading instrument. The account’s leverage levels can’t be changed after the registration due to it being fixed, while professionals can leverage no more than 1:200.
FXFlat offers tight spreads and an excellent variety of instruments to choose from including over 40 forex pairs, 30 ETFs, and 10+ index CFDs including NASDAQ and DAX.
Deposits and Withdrawals Methods
FXFlat Funding Methods
- Wire Transfer
- Credit/Debit Cards
The initial minimum deposit is 200 EUR, while all next deposits can’t be less than 50 EUR.
FXFlat doesn’t charge any withdrawal or depositing fees and there are no maintenance or inactivity fees either. Like most regulated brokers, FXFlat is fully transparent with its deposits and withdrawal methods.
FXFlat Customer Support
FXFlat prides itself on award-winning customer support for a good reason. Traders can seek assistance either by calling their service number, sending an email at [email protected], or via their live chat.
Other options are filling out a contact form, requesting a callback, and visiting their headquarters in Ratingen.
Customer service representatives are 24h on weekdays and in the German language.
FXFlat Overall Summary
FXFlat has built a very reputable name since it started operating in 1998 and has very attractive trading conditions. Broker is reliable, affordable, and transparent.
As already mentioned in our FXFlat Review, this German-based broker has provided additional insurance for its traders free of charge in case of bankruptcy, and it covers up to 500,000 EUR per trader in the EEA countries, which is just an additional layer of trader’s funds’ protection.
FXFlat offers an advanced Trading platform. MT4 and MT5, one of the options, have been the industry standard for over a decade in the forex trading industry.
Leverage for forex at 1:30 for major pairs and tight spreads floating at 0.8 for pairs such as EUR/GBP and EUR/USD represents quite decent and safe trading conditions. If we put the minimum deposit of 200 EUR aside, this broker is an affordable option with a lot of great features at the disposal of anyone who’s interested in forex trading.
FXFlat is a stable, transparent online brokerage with a lot to offer, so we encourage anyone who’s interested and willing to learn to try their Demo account.
FAQs About Orbex Broker
Is the FXFlat Platform Reliable?
FXFlat is a reliable broker, authorized and regulated by the German financial institution BaFin.
How Long Does an FXFlat Withdrawal Take?
As FXFlat’s primary withdrawal method is bank transfer, a withdrawal process could take from 1 to 3 days to complete.
Does FXFlat Have a Live Chat Feature?
FXFlat has a Live Chat feature, and it’s said to be very fast and helpful, but the communication is mostly done in German.
What Is the Minimum Deposit at FXFlat?
The minimum deposit needed is 200 EUR for a MetaTrader account and 2,000 EUR for a TWS account.
Does FXFlat Have a Mobile Trading Application?
FXFlat offers its clients mobile trading apps free of charge for both MetaTrader and TWS trading platforms.