FX Flat Account Types

Regarding Account Types, FX Flat provides only one account selection, a Standard Account as well as a risk-free Demo account. The minimum deposit amount required for the FX Flat account is 200 EUR / R3200 ZAR

Overall Rating

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Min Deposit

200 EUR

Regulators

BaFin

Trading Platform

MT4, MT5, Trader WorkStation

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

FX Flat Account Types  – 9 key point quick overview:

1. FX Flat Overview
2. FX Flat Account Types
3. FX Flat Account Features
4. FX Flat Islamic Account
5. FX Flat Demo Account
6. FX Flat At a Glance
7. FX Flat Pro and cons
8. FX Flat Conclusion
9. Frequently Asked Questions

FX Flat Overview

FXFlat is an established German Market Maker broker established in 1997.  FXFlat now covers a full spectrum of asset classes, operating as a securities trading bank since 2015.

Trading instruments include forex, CFDs, futures and cryptocurrencies on the MetaTrader 4, MetaTrader 5 and Trader WorkStation platforms. The company holds a regulatory license with the Federal Agency for Financial Services Supervision (BaFin) in Germany.

There are also additional trader add-ons to suit various preferences, including AgenaTrader, OptionTrader and SpreadTrader to name a few.

The broker also offers a variety of funding methods, from bank transfer to PayPal.

FXFlat offers a remarkable selection of instruments, including over 50 forex pairs and 11 spot forex pairs. You can also trade over 35 ETFs, 17 index CFDs including DAX and NASDAQ, 12 futures contracts and dozens of equities. There is also 8 cryptocurrency CFDs, 8 commodities including oil and gold, plus the Euro Bund CFD.

Safety includes the fact that data cannot be accessed by anyone else, since all information exchanged between client computers and FXFlat servers are encrypted for both the MetaTrader and TWS platforms. Also, traders can set smartphone SMS verification at the login stage and extra layers of security when you log in to WebTrader, MetaTrader or TWS, by applying two-factor authentication.

FXFlat offers a broad selection of educational resources, including a newsletter, YouTube videos and webinars, though many of these resources are only available in German.

FXFlat is an Introducing Broker of Interactive Brokers for the Trader Workstation account.

FX Flat Account Types

FXFlat offers a Standard or Professional account, on either a MetaTrader or TWS platform. A MetaTrader account requires a minimum first deposit of €200 and offers access to CFDs, forex and futures. The TWS account requires a €2 000 minimum deposit and provides stocks, options, futures, CFDs, spot forex and more. The margin call is 100%.

FXFlat offers a Corporate Account with the aim of supporting your business in operating even more profitably. The account can be used for any type of business around the world.

Depending on clients’ trading style and experience level, the selection of platform add-ons allows them to tailor their accounts. For example, hedging is available in the MetaTrader platforms, whilst scalping is also permitted in the StereoTrader add-on.

FXFlat is an Introducing Broker of Interactive Brokers for the Trader Workstation account. When trading via Interactive Brokers, FXFlat offers support service in the form of technical support from Monday to Friday on 24 hours a day on stock market trading days.

FXFlat supports clients in opening an account and with frequently asked questions about trading at more than 135 stock exchanges worldwide.

FX Flat Islamic Account

FXFlat does offer traders who follow the Sharia law the option of an Islamic Account.

Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases it is a standalone account with a separate application procedure.

The purpose of an Islamic Account is that it caters explicitly for Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which is seen as exploitive or wasteful.

Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.

Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.

Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.

FX Flat Demo Account

The broker offers demo accounts on MetaTrader or TWS that can be used for 30 days to test the trading platforms, without any obligation or risk.

Demo accounts are a wonderful way for beginners and experts to trial or improve their trading strategies with virtual funds.

FXFlat offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:

A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.

Traders who want to evaluate and compare brokers and would like to explore FXFlat’s trading conditions in a risk-free environment.

Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.

FX Flat At a Glance

FX Flat Pro and cons

FX Flat Conclusion

Overall,  FX Flat provides only one account selection, a Standard Account as well as a risk-free Demo account. The minimum deposit amount required for the FX Flat account is $200 USD / R3200 ZAR

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Frequently Asked Questions

Does FXFlat offer leverage?

Yes, FXFlat offers maximum leverage for retail traders up to 1:30, and for pro traders up to 1:200.

What spreads can I expect with FXFlat?

FXFlat offers spread from 0,9 pips. More information should first be obtained from the customer support service to make an informed choice.

Does FXFlat charge a commission?

Commissions may also apply to selected instruments and depending on which trading platform you are using. For example, commissions are charged from €1.90 in TWS for DE 30 and US 30 indices, and from €3.50 for EUR/USD.

Are there additional charges on the Islamic account?

FXFlat does offer an Islamic Account. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose by not charging overnight fees.

New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.

Is FXFlat regulated and by whom?

FXFlat is regulated by the Federal Agency for Financial Services Supervision (BaFin) in Germany.