FXFLAT Review 2024

4.09/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • BaFin
Foundation date:
  • 2006
Updated:
4.09/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • BaFin
Foundation date:
  • 2006
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FXFLAT isn't available in United States
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Our Evaluation of FXFLAT

4.09/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

FXFLAT is a broker with higher-than-average risk and the TU Overall Score of 4.09 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FXFLAT clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.

Brief Look at FXFLAT

FXFLAT was founded in 1997, and proved to be among reliable partners to trade Forex, Futures, or CFDs. FXFLAT is an independent online broker recognized by both private traders and trusted organizations in the industry. The company has been supervised by the Federal Agency for Financial Services Supervision (BaFin, 109603) since 1998 and managed to receive a number of approvals in the field. And in 2015 FXFLAT started its activities as a Securities Trading Bank.

FXFLAT Summary

💻 Trading platform: MT4, MT5, WebTrader, MobileTrader, AgenaTrader
📊 Accounts: Standard Account, Professional Classic Account, Professional Plus Account
💰 Account currency: EUR
💵 Replenishment / Withdrawal: Bank Transfer, Credit card, PayPal
🚀 Minimum deposit: 200 EUR
⚖️ Leverage: 1:400
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: from 0,9 pip
🔧 Instruments: Forex, Futures, CFDs Index, Crypto, Commodities, Metals, ETF
💹 Margin Call / Stop Out: 75%/50%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: No
📋 Orders execution: Market Execution
⭐ Trading features: No
🎁 Contests and bonuses: No

User Satisfaction

Score:
6.7/10

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borbusrdnuh
1 year ago

the second time I sent documents for verification for some reason they refuse

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FerminZeft
2 years ago

I requested a withdrawal on March 25, and so far the money has not come, although the application has been approved.

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minnietc2
2 years ago

Since the broker provides access to stock exchanges in parallel with Forex, it traditionally requires full account verification. But for the sake of working with a reliable company, I decided to go through this tedious process, which includes providing copies of documents certified by a notary. Apart from high guarantees, conditions in FXFLAT are not much different from the market average. Unless you can save on conversion during account transactions. The fact is that the conversion to the base currency is not performed automatically. I apply at the moment when the exchange rate becomes the most favorable. It is convenient that for currency pairs there is an auxiliary platform with additional tools for analysis.

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Arthurielis
3 years ago

I am a very distrustful person by nature. Therefore, I have a lot of questions for the FxFlat broker. There are many types of trading accounts. They are both personal and professional. Spreads are also like many others, starting from 0.8. and in general, according to the conditions it is normal. But I am confused by the large commission, expensive registration and periodically complete ignore of technical support. If it doesn't matter to you, then you can open an account with FxFlat. But there are many disadvantages.

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mawanris212
3 years ago

Very irresponsible support team at FXFlat. It is very difficult to contact them. The phones listed on the site are constantly busy, it seems that the call center employees are talking to their friends. If you managed to get through to them, that's not all. The employee will kindly refuse you and will not provide any assistance. Once asked, dig into this yourself.

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678ry
3 years ago

At FXFlat, demo is given for a limited time. To open a demo account, first register, then go through verification. Why is this needed? Why do I need to go through verification when I trade on a demo and don't want to work here? I do not recommend FXFlat!

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Patrickser
2 years ago

Since the broker provides access to exchanges in parallel with Forex, it traditionally requires full account verification. But in order to work with a reliable company, I decided to go through this lengthy process, which involves providing notarized copies of documents. Apart from high guarantees, the conditions at FXFLAT are not much different from the market average. Unless, of course, you can save on the conversion of account transactions. The fact is that the conversion to the base currency is not automatic. I apply at the moment when the exchange rate becomes the most favorable. It is convenient that there is an auxiliary platform with additional analysis tools for currency pairs.

Da der Broker parallel zu Forex den Zugang zu Börsen bereitstellt, erfordert er traditionell eine vollständige Kontoverifizierung. Aber um mit einem zuverlässigen Unternehmen zusammenzuarbeiten, habe ich mich entschieden, diesen langwierigen Prozess zu durchlaufen, der die Bereitstellung von notariell beglaubigten Kopien von Dokumenten umfasst. Abgesehen von hohen Garantien unterscheiden sich die Konditionen bei FXFLAT nicht wesentlich vom Marktdurchschnitt. Es sei denn, Sie können bei Kontobewegungen an der Umrechnung sparen. Fakt ist, dass die Umrechnung in die Basiswährung nicht automatisch erfolgt. Ich bewerbe mich in dem Moment, in dem der Wechselkurs am günstigsten wird. Es ist praktisch, dass es für Währungspaare eine Hilfsplattform mit zusätzlichen Analysetools gibt.

Comparison of FXFLAT with other Brokers

FXFLAT RoboForex Pocket Option Exness AMarkets Deriv
Trading
platform
MT4, MT5, AgenaTrade MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MT5, AMarkets App Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader
Min deposit $200 $10 $5 $10 $100 $5
Leverage From 1:1
to 1:200
From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:1
to 1:3000
From 1:1
to 1:1000
Trust management No No No No No No
Accrual of % on the balance No No No No No 1.00%
Spread From 0.9 points From 0 points From 1.2 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out
75%  /  50% 60%  /  40% 30%  /  50% No  /  60% 50%  /  20% 100%  /  50%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No No No
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Team that worked on the article