General Information
FXFlat Is A Market Maker Brokerage Based In Germany, Established In 1997. With Over Two Decades Of Experience In The Industry, The Company Has Extensive Experience In Providing Trading Services. It Is Licensed And Supervised By The German Federal Financial Supervisory Authority (BaFin), One Of The Strictest Financial Regulators In The World. However, FXFlat Is Carrying Out Forex And CFD Trading Activities Beyond The Scope Of Its Authorization, With Risk Warnings.
FXFlat Offers Its Clients A Wide Range Of Market Options, Including Popular Currency Pairs, Indices And Spot Gold, Catering To Different Trading Interests. This Allows Clients To Expand Their Trading Portfolio And Explore Different Markets. For Trading Platforms, The Company Offers Highly Reliable MetaTrader 4 And 5, Which Can Be Accessed Via Desktop, Web Browser Or Their Dedicated Mobile App.
Is FXFlat A Regulated Broker?
FXFlat Is A Broker Operating Under The Supervision Of The German Federal Financial Supervisory Authority (BaFin). It Has Been Granted A License To Conduct Business (number: 109603). BaFin Is The Top Regulator In The Financial Industry And Represents High Standards Of Rules And Practices. The Regulatory Status Of The Broker Means Transparency, Protection Of Client Funds And Arm's Length Transaction Practices.
However, It Is Worth Noting That FXFlat Has Reportedly Carried Out Certain Activities, Such As Forex And CFD Trading, Which Appear To Be Outside The Scope Of Its Authorised Business Under BaFin. This May Result In Clients Being Exposed To Higher Risk Trading Conditions. Prospective Clients Need To Be Aware Of This And Understand The Risks Involved, As This Situation Outside The Scope Of Authorisation Highlights The Risks Involved In Working With Any Broker.
Pros And Cons
Pros
Regulated By BaFin: FXFlat Is Regulated By The German Federal Financial Supervisory Authority, Which Is A Testament To Its Credibility And Compliance With Financial Rules And Regulations.
Impressive Range Of Market Tools: Transfer Forex Pairs, Indices And Spot Gold Offers A Wide Range Of Trading Opportunities With Access To A Wide Range Of Market Tools.
MetaTrader 4 And 5 Platforms: Known For Their Reliability, FXFlat Utilizes The MetaTrader 4 And MetaTrader 5 Platforms To Provide Its Clients With Advanced Trading Tools.
Multiple Account Types: Offers Flexibility With Different Trading Styles And Levels Of Expertise, Including Standard And Professional Account Options.
Educational Resources: FXFlat Offers A Large Number Of Free Webinars, Trading Videos And Learning Sessions With Industry Experts That Help Advance Trading Knowledge.
Disadvantages
Outside The Authorized Operating Scope: Despite Being Regulated, There Have Been Reports That FXFlat Is Outside Its Authorized Operating Scope, Which May Present Additional Risks.
Latent Risk In Forex And Contracts For Difference (CFDs): Reports Outside The Authorized Operating Scope Mainly Concern Forex And CFD Trading, Increasing The Uncertainty Of Trading In These Areas.
Leveraged Trading May Increase Risk: High Leverage Can Amplify Gains, But Also Increases The Likelihood Of Large Losses. Professional Traders Using 1:200 Should Be Aware Of And Adapt To This Increased Level Of Risk.
Limited Time Promotions Or Bonus Offers: Unlike Some Other Brokers, FXFlat Does Not Appear To Offer Clients Bonuses Or Promotions On A Regular Basis, Which May Limit Traders' Motivation To Join Or Stay.
Leverage Limits In Cryptocurrency: Leverage In Cryptocurrency Is Limited To 1:2. This May Limit Potential Profits For Cryptocurrency Traders Compared To Other Brokers That May Offer Higher Leverage.
Market Tools
FXFlat Offers Clients A Diverse And Impressive Range Of Trading Tools. Clients Have The Opportunity To Participate In Over 50 Forex Trading Pairs, Including 11 Additional Spot Forex Trading Pairs. The Brokerage Also Offers More Than 35 Exchange-traded Funds (ETFs), Providing More Options For Its Portfolio. For Those Interested In Indices, They Can Invest In 17 Index Contracts For Difference (CFDs), Including Well-known Indices Such As DAX And NASDAQ.
Further Expanding Its Portfolio Of Market Instruments, FXFlat Offers 12 Futures Contracts And A Rich Selection Of Stocks. For Clients Interested In The Digital Currency Market, There Are 8 Cryptocurrency CFDs To Choose From. In Addition, There Are Eight Commodity Currency Pairs Including Oil And Gold. Finally, Traders Have The Opportunity To Participate In Eurobond CFD Trading, Providing A Comprehensive And Integrated Trading Platform.
Account Types
FXFlat Strives To Meet A Wide Range Of Client Needs And Trading Styles, Offering Different Types Of Accounts. Features Shared By All Account Types Include Access To A Wide Range Of Financial Products Offered By FXFlat, As Well As All Trading Platforms. This Ensures That Clients Have Ample Choice And Can Find The Account That Best Suits Their Trading Needs. Specifically, FXFlat Offers Two Main Account Classifications - Standard And Professional.
Standard Accounts Are A Flexible Option Available To Most Traders, From Beginners To Experts. Professional Accounts, On The Other Hand, Are Designed For Experienced Traders, Offering More Advanced Features And Benefits, Making It The Most Sophisticated Trading Environment FXFlat Has To Offer. Both Account Types Have Convenience And User-friendliness In Mind, Enabling Traders To Make The Most Of Their Trading Experience.
Trading Platform
FXFlat Offers Access To The MetaTrader Platform, Which Is Widely Trusted By Millions Of Traders Worldwide. The MetaTrader Platform Is Renowned For Its Powerful Performance, Advanced Features And User-friendly Interface. FXFlat Enhances The Functionality Of The Platform By Providing A Wide Range Of Add-ons Such As StereoTrader, ATAS Or MetaTrader Plus, Which Are Freely Available For Their Clients To Use.
They Offer Both MetaTrader 4 And MetaTrader 5 Options, Depending On The User's Trading Style And Preferences. To Further Enhance The Convenience And Accessibility Of Their Clients, FXFlat Offers MetaTrader On Multiple Platforms. Clients Can Trade On Their Desktops, Via A Web Browser, Or Using The MetaTrader Application, Ensuring That The Platform Is Available 24/7 To Meet The Uninterrupted Nature Of The Forex Market.
Spreads
FXFlat Offers Competitive Spreads To Its Clients. For Frequently Traded Currency Pairs Like EUR/USD And EUR/GBP, The Spread Is Usually Around 0.8 Pips. Indices Such As The FTSE 100 And US 30 Are Traded Around One Pip. As A Popular Choice Among Traders, The Spread On Spot Gold Remains Around 0.3 Pips. With These Attractive Spreads, FXFlat Has Succeeded In Providing A Favorable Position For Those Wishing To Trade These Specific Instruments.
Commissions
In Addition To Competitive Spreads, FXFlat Also Charges Commission Fees On Specific Instruments, Which May Vary Depending On The Trading Platform Used. For Example, On The TWS Platform, Commissions For Trading The DE 30 And US 30 Indices Start From €1.90. At The Same Time, For Widely Traded EUR/USD Currency Pairs, Commission Fees Start From €3.50. Clients Must Be Aware That These Commission Fees May Affect The Profitability Of The Trade.
Deposits And Withdrawals
FXFlat Offers Clients A Variety Of Funding Methods To Suit Different Preferences. Among The Available Options, Customers Can Take Advantage Of Traditional Means, Such As Bank Telegraphic Transfer Cards, Or Choose Convenient Online Payment Methods, Such As Giropay, PayPal, Skrill And Sofort. The Process Involves Filling Out A Short Online Form, Unless The Customer Makes A Deposit Via Bank Telegraphic Transfer, Which Can Provide Additional Security And Efficiency.
It Is Worth Noting That FXFlat Offers Free Deposit And Withdrawal Services When Trading Using The MetaTrader And TWS Platforms, Subject To The Conditions Of A Minimum Deposit Amount Of 50 Euros. Withdrawal Processing Via Bank Telegraphic Transfer Is Completed Within Two Working Days, Regardless Of The Platform. This Fast Process Facilitates The Operation Of Customers Depositing Funds Or Withdrawing Proceeds.
Customer Support
FXFlat Provides Excellent Customer Support To Meet The Needs And Inquiries Of Its Customers. Its Headquarters Is Located In Ratingen And Its Physical Address Is Kokkolasta. 1, 40882 Ratingen. As A Result, Local And International Customers Seeking Personalized Assistance Can Contact Them Directly. They Also Maintain A Client Server Email Address Service@fxflat.com, Making It Easy For Customers To Share Their Concerns Or Ask For Help Through Written Communication.
In Addition, FXFlat Has Established Comprehensive Telephone Support Via Two Main Telephone Lines, Numbered + 49 0080000393528 And + 49210210049400. This Allows Customers To Get Immediate Help Or Get Answers To Their Questions Quickly. The Company Is Registered In Germany And Adheres To Strict Regulatory Protocols In The Region. FXFlat Is Committed To Providing Leading-edge Customer Support To Ensure That Customer Needs Are Addressed Quickly And Efficiently, Enhancing The Overall Trading Experience.
