FX Flat does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The FX Flat Demo account expires after 60 days.
| 🔎 Broker | 🥇 FX Flat |
| ☑️ Account | 🆓 Demo |
| 💳 Spreads | Starting as low as 0.9 pip |
| 💰 Min. Deposit | None |
| 💻 Trading | Simulated |
| 💵 Currency | Virtual |
| 🔎 Open an Account | 👉 Click Here |
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 Demo Account – 6 key point quick overview:
FX Flat Overview- How to set up an FX Flat Demo Account – Step by Step
- FX Flat At a Glance
- FX Flat Pro and cons
- FX Flat Conclusion
- Frequently Asked Questions
FX Flat Overview
The broker offers MetaTrader or TWS demo accounts for 30 days to test the trading platforms, without any obligation or risk. FXFlat’ demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Beginner traders can use a demo account to get acquainted with the live trading environment, where they can actively participate in trades and develop their own strategies.
Demo accounts are not intended for beginners only but provide more advanced traders an opportunity to explore what FXFlat has to offer.
How to set up an FX Flat Demo Account – Step by Step
1. Step 1: Register an account
You can open a live account or demo account (also called a practice account) from start to finish on the FXFlat website and choose to open a demo account first.
2. Step 2: Account Verification
An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step. Proceed through the KYC process if needed and get approved
FX Flat At a Glance
| Broker's Name | FX Flat |
| 🏛️ Headquartered | Germany |
| 👋 Regulating Authorities | Federal Agency for Financial Services Supervision (BaFin) in Germany. |
| 🏦 Accounts | Standard Account |
| Countries not accepted for trade | Accept clients from most countries |
| 📅 Year Founded | 1997/2015 |
| ☪️ Islamic account (swap-free) | Yes |
| 💹 Sign up Bonus | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | For retail traders up to 1:30, for pro traders up to 1:200. |
| 💰 Minimum Deposit | MetaTrader account 200 EUR / R 3200 ZAR and TWS account 2 000 EUR / R 32000 ZAR |
| 💳 Deposit Options | Credit Card, Giropay, PayPal, Skrill, Sofort, Visa |
| 💳 Withdrawal Options | Credit Card, Giropay, PayPal, Skrill, Sofort, Visa |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5 and Trader WorkStation |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad |
| 📈 Tradable assets offered | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, ETFs |
| 👨💼 Languages supported on Website | English, Indonesian, Malay, Vietnamese, Thai, and Chinese. |
| 👥 Customer Support Languages | English, German |
| 📆 Customer Service Language | English, German |
| 📆 Customer Service Hours | 24/5 |
| 🔎 Open an Account | 👉 Click Here |
FX Flat Pro and cons
| ✔️ Pros | ❌ Cons |
| Trades on sophisticated platforms | No USA traders |
| Socially responsible broker | Only support German and English |
| Regulated in Germany by the BaFin | Most articles, webinars and training videos are in German |
| Various trading tools and apps | Restricted leverage |
| Properly regulated by BaFin | Further deposits must be more than €50 |
| Additional tools and add-ons | Minimum deposit amount not of the lowest |
| Several deposit methods can be used | No bonuses |
| Islamic Account can be opened | Not a variety of accounts available |
| Variety of instruments | Demo account only valid for 30 days |
| Demo accounts available | Videos and webinars only in German |
| Comprehensive and competitive trading conditions despite lack of bonuses and rewards | Not the most competitive spreads |
| MetaTrader 4 and 5, plus Trader WorkStation | Not the lowest spreads sheets when compared to other brokers |
FX Flat Conclusion
Overall, FX Flat does offer new traders the option of a free demo trading account to practice forex trading in a 100% risk-free environment. The FX Flat Demo account expires after 60 days.
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
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Frequently Asked Questions
What is the difference between a demo and live trading account?
A demo account as is offered by broker companies like FXFlat is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features.
Does FXFlat offer a demo account?
The broker offers MetaTrader or TWS demo accounts.
How long is the demo account valid?
The broker offers MetaTrader or TWS demo accounts for 30 days to test the trading platforms, without any obligation or risk.
Which live trading accounts does FXFlat offer?
- MetaTrader Standard Account
- MetaTrader Professional Account
- TWS platform Standard Account
- TWS platform Professional Account
- Corporate Account
- Islamic Account
Does FXFlat offer an Islamic Account?
Yes FX Flat does offer an Islamic Account
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