Fxflat

3.25

Rating

3.3/5

Pros

  • Competitive spreads
  • BaFin-regulated, MiFID compliant
  • MT4 available
  • Commission-free trading

Cons

  • No choice of platforms within the DE account

On-line since: 1997
Country of origin: Germany
Regulation: BaFin
Payment options: MasterCard, VISA, MasterCard SecureCode, Wirecard, MasterCard Verified by Visa, SKRILL, Discover, SOFORT Überweisung, JCB, Przelewy24, iDEAL, Diners Club
Minimum account size: 200 EUR
Minimum lot dimensions: 0.01 plenty
Leverage:  1:200
Spreads: suspended, by 0.8 pips

FXFlat can be a new owned by FXFlat Wertpapierhandelsbank GmbH, an asset management company with all the headquarter in Ratingen close Düsseldorf.

It’s been licensed and governed by the Federal Financial Supervisory Authority (BaFin) as 1998.

Forex brokers regulated by BaFin will need to have minimum funding of $730,000, their schooling and procedures need to completely comply with all certain needs of their MiFID’s regulations.

Trading requirements

Customers may begin trading after depositing 200 in their accounts. There are just four kinds of reports: Starter, Standard, Professional, and Alpha-trader. A vast assortment of financial assets comprises trades, binary options, futures, precious metals, commodities, stocks, and lots of other trading tools. The business delivers a direct entry into the currency markets, therefore clients’ orders are executed promptly and with the best possible liquidity. The possibility to implement any trading strategies attracts both professionals and beginners.

Average spreads and commissions

FXFlat provides relatively competitive trading conditions such as no commission and floating spreads from 0.8 points for EUR/USD. This means that the trading costs of this broker fall within the range from 1.0 to 1.5 pips for a standard lot for this pair, which is the average figure for the market.

Maximum leverage

The maximum leverage size available to all customers is 1:200. The leverage up to 1:400 is available at a client’s request.

Trading platforms

FXFlat supports the popular MetaTrader 4 platform (MT4) which has PC, web, and mobile versions.

The MT4 platform developed by MetaQuotes offers a number of built-in technical indicators, several options of analysis, and interactive graphic package. This platform is highly praised by the online trading community mainly because it allows traders to fully automate their transactions by either downloading ready-made trading strategies or creating their own automated ones.

Customers can also trade signals using the Autochartist TM indicator offered by FXFlat free of charge.

Within the framework of partnership, FXCM FXFlat gives its clients access to the FXCM trading station with no dealing desk (NDD) execution. As a brokerage company, Gain Markets Gain Capital FXFlat provides access to the FlatTrader platform and as a representative broker Alpha Capital Markets, it ensures access to its own platform, Alpha Trader.

Bonuses

FXFlat offers the”Invite a Friend” bonus of $150 to a trading accounts having a balance of $500. Anyway, in the event the very first deposit of an invited friend is 5,000 or even more, the customer will obtain an advantage of 250.

FXFlat can be just a German broker having an amazing reputation. It leaves competitive trading requirements on the favorite MT4 platform.