FX Flat Review

Up to 200:1
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Company Information   FXFlat has been one of the leading forex brokers since its conception in 1997. The company classifies itself as a broker who trades with Forex and CFDs…. more

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BrokerFX Flat
Website URLhttps://www.fxflat.com/en/
Support Number0800-0393528 (from Germany); 00800 00393528 (International)
Support Emailservice@fxflat.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, German, French, Italian, Spanish, Russian, Turkish, Polish
Minimum 1st Deposit€200
Minimum Trade Amount0.01 lots
Maximum Trade Amount1 lot
PayoutUp to 200:1
Free Demo AccountYes
Regulated Yes
Account TypesJoint Account, Corporate Account, Sub Account, Fund Manager Account
Deposit MethodsMasterCard, Visa, Sofort, Skrill, Visa Electron, Wire Card, JCB, Przelewy24, iDeal, Diners Club
Withdrawal MethodsMasterCard, Visa, Sofort, Skrill, Visa Electron, Wire Card, JCB, Przelewy24, iDeal, Diners Club
Types of AssetsEquities, Forex, Indices
Account CurrencyEUR, USD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information


FXFlat has been one of the leading forex brokers since its conception in 1997. The company classifies itself as a broker who trades with Forex and CFDs. Among the many features the company offers its clients, the website is quite professionally made. FXFlat is the online manifestation of Heyder Krueger & Colleagues, which is a company that has specialized in financial consulting and asset management. The bodies which regulate the broker only help build up the sparkling profile of FXFlat. The company is controlled by the German Financial Service Authority BaFin and CSSF. Both of these regulatory bodies are very strict and enforce some rules which are in clients’ interest. FXFlat is also a member of Contracts for Difference Verband e.V., which is an association that continues developing the German CFD market for investors, too. From another point of view, FXFlat is also big on social commitment. The business supports several social welfare institutions, like Regenbogenland children’s hospice and the ebreast campaign. Both these causes are very noble, and we welcome the readiness of FXFlat to help those, who are less fortunate in life.


The FXFlat website is among the cleanest and most professionally looking ones I have encountered. The blue and white colors dominate the page, with some very good-looking photos on the slider. The buttons for creating both a demo and a live account are green and magenta to stand out more. On the main page, customers can read the advantages of FXFlat, like high deposit guarantee, many seminars, and webinars, accounts from 200 EUR and others. People can easily find information on all kinds of CFD trading, forex trading and managed accounts. FXFlat offers some beautiful banners with additional information on the attractive conditions of trading with the broker. Of course, you can also subscribe to the newsletter if you are interested!


Trading Information


When you’re writing a review on a forex broker, there is no way you can pass without mentioning the technicalities around trading. For example, the minimum account size is 200 USD/EUR/GBP for the different platforms. The trading conditions vary considerably between the various platforms, but I will give you an idea of what to expect if you decide to use FXFlat. As a starter, the minimum position size is 0.01 lot. With a variable spread type, you can expect 1.6 pips on EUR/USD and a minimum of 0.8 on the same currency pair. There is a one-way commission for CFD per std. lot and it’s $10. Expert advisors are allowed, which is great news for beginners and veterans alike! The leverage varies between 1:10 and 1:400, starting from the highest for forex and CFD, moving down to 1:200 for indexes, going down to 1:50 for gold, silver, oil, agriculture, metals, bonds, etc. The lowest leverage is offered for stocks and ETF – at the measly 1:10. Less risk, but lower rewards, too. However, FXFlat boasts the whopping 120 currency pairs! That’s a huge number, even by most standards.

Now let me tell you a bit about the accounts. With FXFlat, customers have the choice of opening five different account options. The first one is MetaTrader 4 DE, which is essentially the German version of the normal MT4. There is, of course, a GB version of MetaTrader 4. The three other options are FLatTrader Pro, TradingStation, and AlphaTrader. But this will be covered in the next point.


Trading Platforms


The forex broker FXFlat offers four different trading platforms. The first one is, of course, the famous and most widely used platform in the world – MetaTrader 4. The platform itself covers almost anything an aspiring forex trader would need – a large number of features like custom reports, trailing slashes, streaming news and much, much more. It’s highly customizable, and that’s exactly why people love it so much. FlatTrader Pro is the FXFlat award-winning trading platform. It’s quite professional and easy to use. It isn’t as flexible as MT4 but is a good way to make trades through this broker, since you get a bit better offers. WebTrader Pro is a very fast and easy to use the platform, offering all the essentials needed for trading around the world. The last one is MobileTrader Pro, which is the mobile version of other platforms. Good if you are on the move.


Security and Customer Service


Cyber and financial security are getting better and better with each passing day. FXFlat acknowledges the need for better protection, so the company is using everything it can to make things safer and easier for its clients. On the website, FXFlat uses a 256-bit SSL encryption, which will stop any hackers trying to get your account information or personal data for themselves. Aside from this, the broker is also regulated by the German financial supervisory authorities and is directly supervised by them. This ensures that the broker will have no malicious intent, and the payouts will be timely.


FXFlat’s customer service is excellent and covers Monday-Friday 24 hours per day. The department can be reached by e-mail, phone, contact form, or a call-back service which is free for you. The company also offers a 24h dealing desk in the English language. The supported languages for the help lines are English, French, German, Spanish and Turkish.


Deposits and Withdraws


We all know how important the depositing and withdrawing means are. If you need to get some of your money to your personal bank account, but the services offered are slow? This usually results in complaints and bad customer experience. This is why FXFlat has worked hard to provide the best solutions for financial transactions to and from their accounts. Customers can use most credit cards, e-wallet services, and bank wire services. All of this makes for a great experience and fast withdrawal rates.


Deposit Bonus and Loyalty Programs


Deposit bonuses are an important part for some people, but FXFlat follows the politic that the best bonus is a great service. This is why there are currently no bonus offers from the forex broker. However, their abundance of platforms and excellent service and customer support should be enough to make them your choice for a forex broker. Check them out today!

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