Overall, FX Flat can be summarized as a reliable, well-regulated broker that provides one account option, Standard account, with a minimum deposit amount of 200 EUR / R3200 ZAR, and leverage ranging from 1:10 to 1:500.
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 |
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 Review – 12 key point quick overview:
FX Flat At a Glance- FX Flat Safety and Security
- FX Flat Leverage
- FX Flat Accounts
- FX Flat Market instruments
- FX Flat Fees, Spreads, and Commissions
- FX Flat Deposit and withdrawal
- FX Flat Trading platforms
- FX Flat Pro and cons
- FX Flat Conclusion
- FX Flat Disclaimer
- Frequently Asked Questions
FX Flat Overview
According to research in South Africa, FXFlat is a German online broker and has received numerous rewards for its trading conditions and range of offered services. The product range refers to Futures, CFDs, and Forex trading, and FXFlat provides its clients with innovative technology and unparalleled service.
The FXFlat Wertpapierhandelsbank GmbH was founded in Dusseldorf in 1997 and headquarters in Ratingen near Dusseldorf. The company has the necessary approvals from the Federal Financial Supervisory Authority (BaFin).
Since starting with operations, FXFlat constantly expanded its service and has been developing a comprehensive portfolio along with the importance of quality support, including education and advanced training through webinars or seminars.
As part of FXFlat philosophy, the company supports the development of the CFD market in Germany by being a member of CFD Verband e.V., with a purpose to promote transparency together with investor protection.
In addition, it also plays an active role in the community while supporting various social institutions and hospitals. FXFlat has gained highly positive recommendations and regards from the traders they serve, as well as being recognized with many industry awards.
FX Flat Safety and Security
FX Flat is a trading brand owned by FX Flat Wertpapierhandelsbank GmbH formed under German laws. It also acts as a large Introducing Broker and operates as a securities trading bank.
FXFlat is a fully regulated and authorized broker by the industry known as BaFin. BaFin is a German authority that brings integrity and transparency to the financial sector. Conditions and regulations also comply with European ESMA and MiFID set of rules.
Due to the regulatory obligation, it should be clear to you as a trader that the firm is fully legit, constantly overseen and clear in the trading or investment service it provides
BaFin regulatory obligations also mean accounts are covered by the German compensation institution, while a broker is subject to strict rules of deposit protection and full segregation of deposits from the company funds.
FX Flat Sign Up Bonus
FX Flat does not, at this time, offer a Sign-Up bonus or welcome bonus nor do they offer any reward but they do provide a referral bonus
| 🔎 Broker | 🥇 FX Flat |
| 🎉 Sign Up Bonus | ❌ No |
| 🤝 Training Programs | ✔️ Yes |
| 🤝 Referral bonus | ✔️ Yes |
| 🤝 Affiliate Program | ✔️ Yes |
FX Flat Minimum Deposit
The minimum deposit amount required to register an FX Flat trading account is 200 EUR. This minimum deposit is equivalent to R3200 ZAR.
| 🔎 Account | 🥇 Standard Account |
| 💰 Minimum Deposit | 200 EUR / R3200 ZAR |
| 🚀 Open an Account | 👉 Click Here |
FX Flat Accounts
All trading with FX Flat is done through a single Standard Account.
| 🔎 Account | 🥇 Standard Account |
| 💰 Minimum Deposit | 200 EUR /R3200 ZAR |
| 💻 Multiple Trading Platforms | MT4 / TWS |
| 💹 Base Currency | USD, GBP, EUR |
| 🔧 Instruments: | Futures, CFDs and Forex |
| ⚖️ Leverage | up to 1:500 |
| 📎 Customer Services | 24/5 |
| 💱 Spread: | 0.7 pips |
| 🚀 Open an Account | 👉 Click Here |
How to open an account
1. Step 1: Register Live Account
To open a live account, you need to send a copy of your ID and proof of address and transfer or deposit money via a bank card. Traders can also request your personal account application on their website, and they will send you the documents by post on the same working day.
2. Step 2: Start trading
Once the account is activated you can log in and start trading
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Official Site
FX Flat Market instruments
FX Flat trades in Futures, CFDs and Forex.
Futures
FX Flat offers you direct access to futures trading on the German derivatives exchange Eurex. You receive tick-by-tick data via the MetaTrader5 trading platform.
This means that you will see all the courses that have been created and not just snapshot data that only updates every few seconds.
Trading for Futures offer:
From EUR 1.00 per contract including all costs
Very low margin requirement
Stable and reliable trading platform
Free real-time courses for active traders
Professional trading tools
WebTrader & MobileTrader included
CFDs
CFDs are attractive to many investors because of several advantages over other security categories. To understand these benefits, you first need to understand how a CFD works.
One of the advantages of CFDs is the fact that the buyer does not buy the underlying mentioned with their purchase, but only makes a bet on its development. This significantly reduces the investor’s costs.
Investors can move larger sums than they have available on the stake. While the owner of the shares only ever uses the money that corresponds to the equivalent value of his shares, he may move multiple times with a CFD.
While an equity investor can only make price gains if his shares are listed and suffer a loss if the price falls, he can also benefit from a CFD if the price falls.
The great flexibility that these opportunities bring with it helps investors to implement more complex strategies on the capital market, since they can also make profits in bear markets.
Forex
In Forex trading, investors rely on changes in exchange rates. It is a matter of leverage. Large sums can be moved with just a little effort. For each trade, only a security deposit, the so-called margin, is deposited.
For example, if leverage of 50: 1 is used, positions with a value of 50 000 euros can be moved with a margin of 1 000 euros. Traders benefit fully from the price development, even if only a small amount is invested.
However, it should be noted that the leverage can swing in both directions. This means disproportionately high profits on the one hand and very high losses on the other.
That is why Forex trading is particularly suitable for people who already have some trading experience. Comprehensive basic knowledge is essential for successful trading in currency pairs.
FX Flat Fees, Spreads and Commissions
FX Flat only offers a single account where you will gain access to all instruments and account management. The only difference is defined by the base currency either the DE account available through the MT4 platform or a GB account.
Trading on an FXFlat spread will also add a trading cost applied to your transaction but is mainly built into spread or commission as defined by the instrument.
FX Flat Deposit and withdrawal
FX Flat supports the most common banking methods including Card Payments, Bank Transfers, PayPal, Skrill, Neteller and iDEAL.
The first minimum deposit is 200 EUR, while further payments will apply only 50 EUR as a transfer amount. Deposits and withdrawals are free of charge.
However, always check with customer service and your payment provider in case there are any charges due to international policies or specified conditions that may add some fees for you.
To withdraw money from your FX Flat trading account you need to complete a form and payments are made exclusively to the deposited reference account or to the origin account.
You can withdraw money from your account at any time, provided that the desired withdrawal amount is less than the required margin requirement or matches it.
FX Flat Trading platforms
At FX Flat the trader has the choice between the standard MetaTrader4 and the newer version MetaTrader5.
AgenaTrader is known for its powerful automated trading capabilities and market scanner while StereoTrader is an efficient tool for automated trading on MetaTrader.
FXFlat also accompanies its platforms with free add-ons that enhance capabilities designed to suit your strategy in a better way.
All platforms are available in different versions computable with either PC, MAC or through mobile applications so you stay connected at any time.
Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥈 Germany | 54.51% |
| 🥈 Austria | 14.69% |
| 🥉 Netherlands | 9.65% |
| 🥉 France | 4.11% |
| 🥉 Nigeria | 2.71% |
| 🥉 Others | 14.34% |
FX Flat vs Exness vs XM – a Comparison
| 🔎 Broker | 🥇 FXFlat | 🥈 Exness | 🥉 XM |
| Established | Established in 1997/2015 | Established in 2008 | Established in 2009 |
| 💵 Min. Deposit | MetaTrader account 200 EUR / R3200 ZAR and TWS account 2000 EUR / R32000 ZAR | $1 USD / R16 USD | $5 USD / R80 ZAR |
| 💳 Inactivity Fee | No | Yes | Yes |
| ☪️ Islamic Account | 📌 Yes | Yes | Yes |
| 🎉 Demo Account | Yes | Yes | Yes |
FX Flat Customer Reviews
Trading style to suit
This broker is organized in a way that allowed me to apply a trading style that suits me best. In my case, my main focus was to double the account balance for 6 months using small trades on a small account. During trading, I noticed that almost every trade I made had strong short-term profits but did not work in opposite direction. My problem was timing the entry that was not optimized for buy positions and the appropriate timeframe. Using another timeframe, I was able to enter on several pairs that changed all my game. All I want to say is that if you have something suspicious with your broker, just check it twice because most of our problems lie in our own misunderstandings. I’ve made just around 60% (not 100%) but see nothing wrong with the broker since all my issues were because of me.
Demo account experience
Demo account as well as real has its own weak and strong sides. Fx flat doesn’t take responsibility for the difference between them. Regarding the previous comment, I’ve never had such a big spread on usdjpy as 10 points. A broker can offer 3 or 4 pips, otherwise, you get requot. It is a standard practice in fx industry. If you really want to trade with fxflat, just look at all variety of services broker offers. Despite all the negative comments I can’t say anything suspicious about fxflat.
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 as a trading broker is a reliable choice, due to its long history of operation, as well as the products and platforms it offers.
You will not only get low-cost trading but also proven technology to trade, quality education, and full transparency throughout all processes. It can be considered by both beginner and professional traders.
According to the broker’s website, it operates on an NDD execution model and keeps client funds in segregated accounts.
Furthermore, the broker claims to implement protocol via system technology to ensure that client accounts will never go negative to protect traders from liabilities.
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 Disclaimer
Neither FX Flat nor its executive bodies, executive staff or employees assume liability for damage that may result from any of the information in its documents or on its website.
The prices mentioned as Tradesignal (except for those marked as historical) are only indications and do not represent fixed quotations in terms of volume or price.
There is a possibility that forecasts or price targets for the companies or financial instruments mentioned in the Tradesignal will not be achieved due to various risk factors.
CFDs are complex instruments and, because of their leverage, are associated with the high risk of losing money quickly. 78.43% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money, According to research in South Africa.
You might also like: FX Flat Account Types Overview
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You might also like: FX Flat Sign up Bonus
Frequently Asked Questions
Can South Africans trade with FX Flat?
Yes, South African citizens are allowed to trade with FX Flat.
Which trading platforms are supported by FX Flat?
FX Flat supports the Metatrader 4, Metatrader 5 and Workstation platforms.
Is FX Flat a Market maker?
Yes, FXFlat is a German market maker brokerage.
Is FX Flat a legit broker?
Yes, FX Flat is monitored Federal Agency for Financial Services Supervision (BaFin) in Germany.
Does FX Flat apply a swap rate on overnight positions?
Yes, a swap rate is applied to an overnight position and depends on the currency pair being traded and the position size.
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