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5.53/10
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
Foundation date:
  • 1999
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Our Evaluation of Flatex

5.53/10
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

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

User Satisfaction i

Score:
4.3/10

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bettiegj1
2 years ago

Flatex broker is interesting in terms of positioning and presentation of its trading conditions, but in reality everything is not so good. For example: the execution is unimportant and the spreads change. I feel, if not deceived, then clearly misled ...

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Robertfact
3 years ago

I do not recommend. Expands spreads.

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priscilla56e90386
3 years ago

Flatex offers several platforms, but I only trade on the Forex market, so I opened an account in my usual MT4. However, the mobile version of this terminal is not available and sometimes very necessary! About the trading conditions themselves: For transactions with currency pairs, this broker only keeps a variable spread, with no additional commissions. For other CFDs, it seems to have fixed commissions. But to be honest, I didn't really get into the nuances as I don't trade stocks, indices and commodities. There is no online chat on the Flatex website, which makes it impossible to contact the operator quickly. The telephone support is of high quality and fast, but unfortunately not available on weekends.

Flatex bietet mehrere Plattformen an, aber ich handele nur auf dem Forex-Markt, also habe ich ein Konto in meinem üblichen MT4 eröffnet. Die mobile Version dieses Terminals ist jedoch nicht verfügbar und manchmal sehr notwendig! Zu den Handelsbedingungen selbst: Für Transaktionen mit Währungspaaren hält dieser Broker nur einen variablen Spread, ohne zusätzliche Provisionen. Bei anderen CFDs scheint er feste Provisionen zu haben. Aber um ehrlich zu sein, bin ich nicht wirklich auf die Nuancen eingegangen, da ich keine Aktien, Indizes und Rohstoffe handele. Auf der Flatex-Website gibt es keinen Online-Chat, was eine schnelle Kontaktaufnahme mit dem Betreiber unmöglich macht. Der telefonische Support ist von hoher Qualität und schnell, aber leider nicht am Wochenende verfügbar.

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trinano18
3 years ago

Flatex offers several platforms, but I only trade in the Forex market, so I opened an account in my usual MT4. However, the mobile version of this terminal is not available, and sometimes it is very necessary! Regarding the trading conditions themselves: for transactions with currency pairs, this broker only holds a floating spread, without additional commissions. On other CFDs, he seems to have fixed commissions. But to be honest, I didn’t really go into the nuances, because I don’t trade stocks, indices and commodities. There is no online chat on the Flatex website, which makes it impossible to quickly contact the operator. Phone support is of high quality and prompt, but, unfortunately, it is not available on weekends.

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moinur
4 years ago

Good afternoon everyone. I consider Flatex to be scammers. It is a pity that I did not get to this site before and did not see the reviews. When registering on their website, I brought in $ 10,000. At some point, I felt that something was wrong and without making any deal, I decided to withdraw the money back. From that moment on, their manager began to call from different phone numbers in every possible way convincing them not to withdraw money. When I finally insisted on my own and applied for a withdrawal, this company - without providing me with any services - charged me $ 6,500 - calling it a commission. Avoid these citizens, do not fall for sweet talk and the promised mountains of gold. If they are on such a trifle as 10,000 behave like this, then a large amount will certainly pocket it.

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sajol4e
4 years ago

after replenishing the account with a good amount, the account was blocked, the money has not been given for half a year now, here is the correspondence. Your account has been blocked by the Security and Compliance Department. For more information, please send a scan of your passport to ***, indicate your trading account number and telephone password. Petr. all this was done many times, as you can see, there was not a single transaction on the account, it was immediately blocked. More: Please clarify, did you receive a response from the Security and Control Department? Petr. Since November 17, the department has not responded, which is 3 months. how can I keep our correspondence, people don’t believe me that this is possible, you don’t believe it yourself. They: I will clarify the information.

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zabi
4 years ago

I personally like German brokers because their quality is excellent, both in the provision of trading services and advice and in the design of their website. This is not a counterfeit Chinese exchange. Services have been offered since 2006, which indicates reliability, and of course the license is also available. Here you can find CFDs and currencies, securities, whatever you want. Of course, not all services are free, for many you have to pay extra, it is better to read this immediately in the tariffs.

Ich persönlich mag deutsche Broker, weil ihre Qualität hervorragend ist, sowohl bei der Bereitstellung von Trading-Dienstleistungen und Beratung als auch bei der Gestaltung ihrer Website. Dies ist keine nachgemachte chinesische Börse. Dienstleistungen werden seit dem Jahr 2006 angeboten, was auf Zuverlässigkeit hindeutet, und natürlich ist die Lizenz auch verfügbar. Hier finden Sie CFDs und Währungen, Wertpapiere, was immer Sie wollen. Natürlich sind nicht alle Dienstleistungen kostenlos, für viele muss man extra bezahlen, es ist besser, dies sofort in den Tarifen nachzulesen.

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 criteria
9/10

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.

Advantages
  • Tier-1 regulated
  • Negative balance protection
  • Track record over 26 years
Disadvantages
  • 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 BaFin Federal Financial Supervisory Authority Germany Up to €20,000 Tier-1

Flatex Security Factors

Foundation date 1999
Negative balance protection Yes
Verification (KYC) Yes
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 criteria
10/10

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.

Advantages
  • Low Forex trading fees
  • Tight EUR/USD market spread
  • No inactivity fee
  • No deposit fee
  • No withdrawal fee
Disadvantages
  • 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
Score:
4.1/10

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.

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.

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 methodology
4/10

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.

Advantages
  • PayPal supported
  • Low minimum withdrawal requirement
  • Minimum deposit below industry average
  • No withdrawal fee
Disadvantages
  • 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.

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.
5.75/10

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.

Advantages
  • Crypto trading
  • 40 supported currency pairs
  • ETFs investing
Disadvantages
  • 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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