Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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83% OF RETAIL INVESTOR ACCOUNTS LOSE MONEY WHEN TRADING CFDS BINARY OPTIONS ARE PROHIBITED IN EEA

FXFlat Broker Review

FXFlat

FXFlat is a regulated CFDs and forex broker with a range of very interesting products and features to consider. This broker is particularly proud of their professional customer support, education they provide for their clients through their website along with, what they consider to be, advanced trading solutions. This broker has been around for quite a while so it is not a surprise that it is gathering a lot of attention from traders. FXFlat is regulated by the BaFin since 1998.

As we usually do, our forex broker review will be dealing with the most crucial elements that will make or break a broker. Our readers have a special interest in these types of reviews, which is why we aim to provide them with an in depth research of the brand in question so they are able make the right decision for themselves.

Account Features

FXFlat features a wide variety of accounts, and as a forex and CFDs broker, it has a significantly larger number of account types than what we typically see with brokers.

A Forex/CFDs Demo account is a great way to get started with getting the know the platform you will be trading on, without being overwhelmed by the pressure of possibly losing your hard earned investment. Obviously, with a Demo account, you are trading with virtual money in a risk free environment which is an amazing starting point for any trader regardless of what their trading focus is.

When it comes to other account types, FXFlat calls them Account Packages and they basically differ according to the minimum deposit amount and various features included in each type:

Starter Package

  • Deposit 200,- EUR to 5.000,- EUR
  • Forex leverage 1:100
  • Indices leverage 1:100
  • Metals leverage 1:50
  • Oil leverage 1:50
  • Equities Germany 1:5
  • Equities US 1:10
  • Interests 1:50
  • WE-Margin Double
  • Margin close 100%
  • Negative Balance Protection Yes

Standard Package

  • Deposit 200,- EUR to 100.000,- EUR
  • Forex leverage 1:200
  • Indices leverage 1:200
  • Metals leverage 1:100
  • Oil leverage 1:100
  • Equities Germany 1:10
  • Equities US 1:20
  • Interests 1:100
  • WE-Margin Double
  • Margin close 100%
  • Negative Balance Protection Yes

Professional Package

  • Deposit from 100.000,- EUR
  • Forex leverage 1:200
  • Indices leverage 1:200
  • Metals leverage 1:100
  • Oil leverage 1:100
  • Equities Germany 1:10
  • Equities US 1:20
  • Interests 1:100
  • WE-Margin Double
  • Margin close 100%
  • Negative Balance Protection No

AlphaTrader UK

  • Deposit from 200,- EUR
  • Forex leverage 1:200
  • Indices leverage 1:200
  • Metals leverage 1:200
  • Oil leverage 1:200
  • Equities Germany 1:20
  • Equities US 1:20
  • Interests 1:100
  • WE-Margin Unchanged
  • Margin close 100%
  • Negative Balance Protection Yes (but only retail clients)

Trading Software & Assets

FXFlat has exactly four trading platforms in their regular offer to clients. It is hard to argue against their selection of platforms seeing that three out of four are variations of one of the most popular trading platform in the world.

This forex and CFDs broker gives traders the choice between MetaTrader4, MetaTrader5, MetaTraderPlus and AgenaTrader. Considering that the MT4 and MT5 platforms do not need a special introduction we will give an overview of the other two:

MetaTraderPlus

  • Simple input fields for stop loss, trailing stop in pips
  • Pop-up calculator for working out the lot size or stop distance
  • Displays open positions
  • Pop-up order window for creating various orders
  • Option to create templates for fast order input
  • Quick-links for closing or hedging all positions

AgenaTrader

  • Offers auto trading
  • Over 120 indicators
  • Risk and Money Management
  • Scanning a complete set of trading instruments in real-time
  • Can open over 100 trades simultaneously

Support Information

There are several quick ways to contact the FXFlat customer support service. Perhaps the most important one is the integrated Live Chat support where traders can find the answers to their question in a quick and effortless way. We have tested the functionality of the Chat option during the writing of this review, along with the education and friendliness of the support agents. We have to report that FXFlat has scored high in all of the elements.

Other means of getting your questions and issues to FXFlat broke is to send them an e-mail or simply call them on their customer support number.

Banking & Company Information

Depositing funds with FXFlat is quite straight forward as far as we could tell. Depending on the account type you want to have, the trading platform of your choice, and the country you are coming from you are able to deposit via credit card, debit card, bank wire, Instant transfer, iDEAL, Przelewy24 or Skrill.

As far as withdrawals are concerned, you will need to submit a request by filling in a request web form, which can be found on the FXFlat website under the payments – Withdrawing Money tab.