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
- 1999
Our Evaluation of Flatex
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
Flatex is a moderate-risk broker with the TU Overall Score of 5.53 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Flatex clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Brief Look at Flatex
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.
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Flatex Trading Conditions
💻 Trading platform: | flatex WebFiliale, flatex trader 2.0, MetaTrader4 |
---|---|
📊 Accounts: | Individual, Joint, Corporate account. |
💰 Account currency: | EUR |
💵 Deposit / Withdrawal: | Bank Transfer |
🚀 Minimum deposit: | No minimum deposit |
⚖️ Leverage: | 1:100 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.1 |
💱 EUR/USD spread: | 0,1 pips |
🔧 Instruments: | Forex, CFD, Stocks, ETFs, funds, bond |
💹 Margin Call / Stop Out: | 100%/100% |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Mobile Platforms |
➕ Affiliate program: | Yes |
📋 Order execution: | Market Execution |
⭐ Trading features: | No |
🎁 Contests and bonuses: | No |
Flatex Key Parameters Evaluation
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Regulation and safety
Flatex 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 26 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 |
---|---|---|---|---|
|
Federal Financial Supervisory Authority | Germany | Up to €20,000 | Tier-1 |
Flatex Security Factors
Foundation date | 1999 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Flatex have been analyzed and rated as Low with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, 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 | Pepperstone | OANDA | |
EUR/USD min, pips | 0,2 | 0,5 | 0,1 |
EUR/USD max, pips | 0,4 | 1,5 | 0,5 |
GPB/USD min, pips | 0,2 | 0,4 | 0,1 |
GPB/USD max, pips | 0,5 | 1,4 | 0,5 |
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 | Pepperstone | OANDA | |
Commission ($ per lot) | 2,5 | 3 | 3,5 |
EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
GBP/USD avg spread | 0,16 | 0,15 | 0,2 |
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 | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 0 | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
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.
Flatex offers a demo account to test CFD trading with a virtual balance of up to €100,000.
Deposit and withdrawal
Flatex 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.
- PayPal supported
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- No withdrawal fee
- No bank card option
- Only major base currencies available
- USDT payments not accepted
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 | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | No | Yes | Yes |
PayPal | Yes | Yes | Yes |
Wise | No | No | No |
BTC | No | No | No |
What are Flatex base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Flatex supports the following base account currencies:
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.
Markets and tradable assets
Flatex offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 40 Forex pairs.
- Crypto trading
- 40 supported currency pairs
- ETFs investing
- Copy trading not available
- Limited asset selection
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 | Plus500 | Pepperstone | |
Currency pairs | 40 | 60 | 90 |
Total tradable assets | 2800 | 1200 | |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | No | Yes | No |
Investment 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 | Plus500 | Pepperstone | |
Bonds | Yes | No | No |
ETFs | Yes | Yes | Yes |
Copy trading | No | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | No | No | No |
Contacts
Foundation date | 1999 |
---|---|
Registration address | Rotfeder-Ring 7, 60327 Frankfurt |
Official site | flatex.de |
Contacts |
+49 9221 - 7035 898
|
Comparison of Flatex with other Brokers
Flatex | Eightcap | XM Group | RoboForex | Markets4you | AMarkets | |
Trading platform |
MetaTrader4, flatex WebFiliale, flatex trader 2.0 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MobileTrading, MT5 | MT4, MT5, AMarkets App |
Min deposit | No | $100 | $5 | $10 | No | $100 |
Leverage |
From 1:1 to 1:100 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:10 to 1:4000 |
From 1:1 to 1:3000 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | 10.00% | No | No |
Spread | From 1 point | From 0 points | From 0.8 points | From 0 points | From 0.1 points | From 0 points |
Level of margin call / stop out |
100% / 100% | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 20% | 50% / 20% |
Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | Yes | Yes | No |
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