Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Flatex Pros & Cons
- No minimum deposit Deposit amount starting at $0 for all instruments;
- Publicly traded, strong parent company;
- Excellent learning tools on the exchanges.
- Lengthy account opening process for foreign nationals – more than three days;
- High fixed fees for stocks and ETFs;
- There is only one way to deposit and withdraw funds, namely via bank transfer;
Flatex was incorporated in 2006, and today is among leading German online brokerage companies. Customers value it for offering an accessible mobile online platform, expert advice, and superior service. Flatex’ top priority is providing customers with excellent trading experience, including competitive trading conditions, super-fast order execution, and safety of customer funds.
TU Expert Verdict
Flatex demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
Flatex User Reviews
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5-star
11%
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4-star
6%
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3-star
22%
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2-star
11%
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1-star
50%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria10 /10The trading and non-trading commissions of Flatex have been analyzed and rated as having Low fees, with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Flatex with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Flatex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Flatex Standard spreads Flatex OANDA FOREX.com EUR/USD min, pips 0.2 0.1 0.7 EUR/USD max, pips 0.4 0.5 1.2 GPB/USD min, pips 0.2 0.1 0.9 GPB/USD max, pips 0.5 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Flatex RAW/ECN spreads Flatex OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 2.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.16 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Flatex. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Flatex Non-Trading Fees Flatex OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Flatex Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9 /10Flatex has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 27 years
- Strict requirements and extensive documentation to open an account
Flatex Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
BaFin Full Name Federal Financial Supervisory Authority Country of regulation Germany Investor Protection Fund Up to €20,000 Regulation Level Tier-1 Flatex Security Factors Foundation date 1999 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.1 /10Flatex offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Low minimum deposit
- Demo account
- Standard account with balanced trading conditions
- No VIP account option
- No Cent account
Flatex account types vs top competitors Flatex Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoFlatex accounts trading conditions
Flatex offers a universal brokerage account suitable for active trading and securities investment. While accounts can be opened online, non-German residents are required to provide notarized copies of documents confirming their ID and residence.
Account Type Description Individual These accounts are designed for retail trading of CFDs, Forex, and securities on both German and global stock exchanges. Joint Joint accounts allow two or more individuals, such as spouses, partners, or family members, to manage funds and investments with equal rights. Corporate Corporate accounts are designed for legal entities like corporations, companies, and organizations to manage their business funds. It offers specialized services and features tailored to the specific needs of businesses Flatex offers a demo account to test CFD trading with a virtual balance of up to €100,000.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4 /10Flatex received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Flatex offers limited payment options and accessibility, which may impact its competitiveness.
- No deposit fee
- Low minimum withdrawal requirement
- PayPal supported
- Minimum deposit below industry average
- Limited deposit and withdrawal flexibility, leading to higher costs
- USDT payments not accepted
- BTC not available as a base account currency
What are Flatex deposit and withdrawal options?
Flatex offers a limited selection of deposit and withdrawal methods, including Bank Wire, PayPal. This limitation may restrict flexibility for users, making Flatex less competitive for those seeking diverse payment options.
Flatex Deposit and Withdrawal Methods vs Competitors Flatex Trading.com Plus500 Bank Wire YesYesYesBank card NoYesYesPayPal YesNoYesWise NoNoNoBTC NoNoNoWhat are Flatex base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Flatex supports the following base account currencies: EUR.
What are Flatex's minimum deposit and withdrawal amounts?
The minimum deposit on Flatex is $10, while the minimum withdrawal amount is $0. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Flatex’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.8 /10Flatex offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 40 Forex pairs.
- Indices trading
- ETFs investing
- Passive income with bonds
- Futures not available
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Flatex with its competitors, making it easier for you to find the perfect fit.
Flatex Trading.com Plus500 Currency pairs 40 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products Flatex offers for beginner traders and investors who prefer not to engage in active trading.
Flatex Trading.com Plus500 Bonds YesNoNoETFs YesNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Flatex by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with Flatex in 30 minutes. The KYC verification was completed within 3 business days. The minimum deposit amount at Flatex is $10. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
Flatex account opening Flatex Trading.com Plus500 Online Registration YesYesYesMinimum deposit $10 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 30 20 KYC time (days) 3 2 3 Is Flatex available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
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Customer Support
Score:We evaluated Customer Support at Flatex by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria2.9 /10Flatex demonstrates a low level of customer support reliability. Contacting support can be difficult, and responses may be significantly delayed or incomplete.
During testing, managers were slow to respond or failed to provide sufficient assistance. Such a support level may create risks for traders who require timely issue resolution.
Contacts Foundation date 1999 Registration address Rotfeder-Ring 7, 60327 Frankfurt Official site flatex.de Contacts info@flatex.de +49 9221 - 7035 898
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FAQs
How safe is trading with Flatex in terms of regulation and investor protection?
Flatex has a safety score of 9/10, indicating a high security level according to the review’s methodology. It is regulated by BaFin (the Federal Financial Supervisory Authority in Germany), participates in an investor protection fund up to €20,000, and provides negative balance protection with KYC verification in place.
What do reviews say about Flatex trading commissions and fees?
According to the section, Flatex’s overall fee level is rated 10/10, with low forex trading fees, tight EUR/USD spreads, and no deposit, withdrawal, or inactivity fees. For Standard accounts, EUR/USD spreads typically range from 0.2 to 0.4 pips, while ECN accounts show an average EUR/USD spread of 0.1 pips plus a $2.5 commission per lot.
What types of trading accounts does Flatex offer and how are they structured?
Flatex provides Demo, Standard, and ECN/Raw spread accounts, but does not offer Cent, Micro, Swap Free, VIP, or managed accounts. It supports individual, joint, and corporate account structures, and the demo account allows testing CFD trading with a virtual balance of up to €100,000.
What are the deposit and withdrawal options at Flatex based on user feedback?
Flatex supports deposits and withdrawals via bank wire and PayPal, with no deposit fee and a minimum deposit of $10, while the minimum withdrawal amount is stated as $0. The section notes limited payment methods, no bank card option, and EUR as the only base account currency, which may reduce flexibility according to the review.
Which markets and tradable assets are available at Flatex according to reviews?
Flatex offers 40 currency pairs along with access to stocks, commodity futures, cryptocurrencies, and stock indices, but does not support options trading. The review also notes additional investment products such as bonds and ETFs, while features like copy trading, PAMM investing, and managed accounts are not available.
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