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;
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, ZForex 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
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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
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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.
- Demo account
- Low minimum deposit
- Standard account with balanced trading conditions
- No VIP account option
- No Swap Free account
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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.
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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.
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Trading Account Opening
We 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.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 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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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 /10
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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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