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FXFlat was established in 1997 in Düsseldorf by a team of German financial experts. A year later, the broker was licenced by the Federal Financial Supervisory Authority (BaFin). Since that time, the company has become an independent financial services provider. FXFlat is a member of the Contracts for Difference Verband eV. This is an association that strives to further develop the CFD market in Germany to serve the interests of investors.
FXFlat keeps the funds of its clients in segregated trust accounts of German depository credit organizations. The broker offers access to the global exchanges and over-the-counter trading by means of various trading platforms, such as MetaTrader 4, MetaTrader 5, and AgenaTrader.
Trading conditions
FXFlat clients can trade futures, CFDs, and currency pairs using the latest technologies. FXFlat provides reliable and powerful trading software that enables private investors to trade at a professional level.
To start trading with FXFlat, a trader should open an account. There are three types of trading accounts: standard, corporate, and demo. The demo account is available only for a month. An affordable minimum deposit, a wide selection of instruments, and access to popular trading platforms attract both novice and experienced traders. In addition, the broker offers narrow spreads on major currency pairs.
The company`s official website contains the Training section that includes various training programs, webinars, as well as an economic calendar that provides latest news on the global financial situation.
Trading platforms
FXFlat clients can trade by means of popular trading platforms, such as MetaTrader4, MetaTrader5, and AgendaTrader. In addition, this list includes WebTrader and MobileTrader mobile applications and StereoTrader and MetaTrader Plus services.
Customer support
FXFlat provides 24/5 customer support. In order to receive assistance, clients can reach the broker via the contact form, the callback service, or the toll-free hotline number.
Withdrawal and deposit of funds
Traders can deposit funds to their FXFlat trading account through a bank transfer and PayPal. In order to withdraw money, a trader should fill out a form on the website. Transactions are made only to a deposit reference account or to an original account. The broker`s official website does not have detailed information on how to receive funds, transaction execution period, etc.
Traders’ reviews
There are not many reviews about the broker’s activity on the Internet. Among negative comments of traders there are a few relatively serious complaints: a deposit drain, a trading account freeze, and malfunctioning platforms. At the same time, successful clients comment on a wide selection of trading platforms and favorable trading conditions.
Advantages and disadvantage
Advantages:
- regulated broker
- easy account registration
- wide selection of trading platforms
- narrow spreads on major currency pairs
- demo account
Disadvantages:
- limited deposit and withdrawal methods
- poor traders’ reviews
- no bonus programs and contests
Conclusion
FXFlat offers its clients favorable and flexible trading conditions, a vast number of instruments, and innovative trading platforms. The broker’s advantages are outweighed by a significant disadvantage, namely, the limited number of methods to withdraw profit. On the Internet, there are negative comments about FXFlat, including quite serious complaints, such as an account freeze and withdrawal problems. Carefully read the trading rules and terms of cooperation before entrusting your funds to the company.
