FXFlat Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this FXFlat Forex Review.
FXFlat offers a single forex account, through which its clients can trade with variable spreads, no commission fees and leverage up to 1:400 leverage. Micro lots are available upon request.
What is more, FXFlat is one of the few remaining big introducing brokers operating in Germany and it offers separate GB account types, referring clients to UK brokerages Alpha Capital Markets, FXCM and GFT Markets (a UK brand of Gain Capital).
PAMM services are also available with this broker, backed by the renowned asset management of the FXFlat securities trading bank.
The Company. Security of Funds
FXFlat Wertpapierhandelsbank GmbH
FXFlat is a German online the Forex and CFD broker founded in 1997. As we have mentioned, it is also a large and well-known Introducing Broker (IB).
FXFlat is a brand owned by FXFlat Wertpapierhandelsbank GmbH, an independent asset management company, headquartered in Ratingen near Düsseldorf.
It is licensed and supervised by the Federal Agency for Financial Services Supervision (BaFin) since 1998. FXFlat also operates as a securities trading bank since 2015.
BaFin-regulated forex brokers must meet certain minimum capital requirements – they must hold at least €730,000. Also, there are reporting standards that all licensed German forex brokers must comply with.
Besides, there is a Compensation Scheme acting as a rescue fund for customers of failed investment firms which are licensed by BaFin. Of course, every BaFin -regulated forex broker is also MiFID compliant and therefore entitled to offer cross-border services within the EU under the MiFID Passporting Regime.
Minimum Initial Deposit
This broker requires €200 from its clients in order to open a live account, which is an average initial amount to start with..
Average Spreads & Commissions
FXFlat offers relatively competitive trading conditions: commission-free trading and variable spreads, starting from 0.8 pips lot for the EUR/USD. This means that trading costs with this broker fall within the range of 1.0 – 1.5 pips per standard lot for this pair, which is average for the market.
In comparison, FxPro`s average spreads on commission-free accounts amount to 1.4 pips on the EUR/USD. For further information, check out and compare real-time spreads of 15 leading brokers here: http://www.forexbrokerz.com/forex-broker-comparison
The default leverage rate offered by FXFlat is 1:200, and a maximum of 1:400 is available upon request. A leverage of 1:400 is considered a high ratio, as the higher the leverage, the greater the risks. Yet, many FX brokers provide leverage levels equal to or higher than 1:500, in order to tempt traders by the opportunity of making striking profits on a small deposit.
FXFlat supports the popular MetaTrader 4 (MT4), MetaTrader 5 (MT5), and AgenaTrader platforms.
Developed by MetaQuotes, MT4 platform offers a number of built-in technical indicators, analysis options and interactive charting package. It is highly regarded by the online trading community mostly because it allows users to fully automate their trades, either by downloading ready-made or creating their own automated trading strategies (EA). With this broker, it is available as desktop, web and mobile versions.
Besides, clients of can trade signals generated from numerous different sources. They are based, for example, on the broker-neutral Autochartist TM software, which FXFlat offers its customers free-of-charge, or on the technical analyses conducted by the FXFlat team itself.
Under its partnership with FXCM, FXFlat offers its customers access to FXCM`s Trading Station with no-dealing-desk execution model. As an introducing brokerage of Gain Capital’s GFT Markets, FXFlat enables access to FlatTrader platform; and as an introducing broker of Alpha Capital Markets – to its Alpha Trader platform.
This broker offers a Refer a friend bonus of 150 Euro for a first deposit of at least 500 Euro. And if the first deposit of the referred friend is 5,000 Euro and more, the bonus amounts to 250 Euro.
Methods of Payment
FXFlat offers its clients the following ways to deposit/withdraw their funds: bank wire, debit/credit cards, iDEAL, Przelewy24, and Skrill.
FXFlat is a well-regulated German forex and CFD broker that also acts as an IB of several major UK brokerages. It offers competitive trading conditions on the industry’s standard MT4.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
FXFlat Review Conclusion
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