FX Flat Review 2022: Pros and Cons| Detailed Overview

Fx Flat has been a german broker since 1997. This broker won several awards for its services and offering a wide range of products from future CFD to Forex trading with innovative technology and unparalleled service. Fx develops a comprehensive portfolio with quality support, training through webinars, videos, ebooks, etc. There are more than 135 exchanges worldwide. Starting with CFD and forex trading, Fx offers a wide range of assets like stocks, bonds, futures, ETFs, etc. Fx is sponsored by German Ice Hockey teams ‘Düsseldorfer Eislauf-Gemeinschaft’ (DEG), German football club ‘Fortuna Düsseldorf’ and Rochusclub Tennis club. This broker comes under BaFin regulation and has advanced trading platforms like the MT4, MT5 & AgenaTrader.

Pros and Cons:

Pros

Award-winning customer support team

Fx contains the lowest spread compared to others.

Wide range of trade instruments

Advanced platforms like MT54 and MT5

Cons

Majority of educational content in german

available in English and German only

Is FX FLAT REVIEW Scam: Regulations

FxFlat is regulated and managed by BaFin. Bafin is the german authority that brings transparency. It complies with European ESMA and MiFID sets of rules. Secured Socket Layer (SSL) helps to protect client data on the website during online trading.

FX FLAT Trading Account Types

Demo Account

Demo accounts help traders to learn about trading by simulation. These accounts are beneficial as new traders learn to trade online without the risk of losing real money. The broker offers virtual money to practice the trade. People who have a casual trading style can also use it.

Standard Account

A standard account is a basic account for trading online. A minimum deposit and a few simple steps are required to open a standard account. This trading account has all the trading tools and basic features like other accounts.

Professional Account

This trading account is generally for professional traders with a lot of experience in trading. These traders have large portfolios, trade frequently, and are professionally knowledgeable. Professional Account has no negative balance protection. There is a minimum deposit of $200 and leverage up to 1:200.

FX FLAT Account Opening

To Open an FX flat trade account is pretty simple. You only require 5 mins to do so. There is a 4-page form to make an account.

First, fill in your name, address, email, phone number, account type, platform, deposit amount, etc. Then, click on next. If you want to deposit money immediately, click deposit, else enter personal details. Then your date of birth, marital status, employment, security questions, etc. On the third page, enter your trading experience and financial information. There are documents on the last page. Then, Carefully Read all the broker’s terms and conditions before opening an account. After agreeing to terms and conditions, your account open and identity verifications, platform downloads, deposits, and trading can commence.

FX FLAT Trading Platform

There are several trading platforms available on fx flat. These trading platforms provide easy access, smooth trading, etc.

MT 4 and MT 5

Meta trader or MT is a highly sophisticated platform that provides easy access. This award-winning platform is widely used and popular with technical indicators, automated trading systems, Analysis tools, etc. You can trade CFD, Forex, Future, etc. Order execution is fast.

Web Trader

Web Trader is a common platform that works with your favorite web browser. The web trader is easy to access and provides all the trading tools and other features. You can trade on the go with the app.

Mobile Application

Mobile Application is handy. It is available on both IOS and Android. Free to use platform with trading solutions and other features. Latest regular updates and a simple interface to use. Simple access and available on both smartphones and tablets.

FX FLAT Trading Instruments

There are different trading instruments available on FX flat:-

Future:-

Future is contact, where you buy or sell shares on a future date at a price agreed. You can trade Futures on the EUREX derivatives exchange. You can access all the courses through MetaTrader 5.

CFD

CFD is a contract where you get the difference between settlement price opening and closing trade. Through CFD, you can trade in global indices.FX offers us to trade in Europe, the United States, Australia, and Asia stock exchange.

Forex

You can trade foreign exchange. There are 12 currency pairs offered. You can trade in important USD/EUR pairs and the most exotic pairs. FxFlat offers a low spread on forex trade.

FX FLAT Commission & Spreads

Fx provides low cost, and pips start from zero. The average spread of forex spread of EUR/USD and GBP/USD is 0.6 pips and 1.0 pip. Spread on indices like dow jones is around 1.0 pip. The inactivity fee is 10$. You have to pay Swap fees (interest) for holding positions overnight.

FX FLAT Leverage

There are different leverages available for different types of trade. T leverage for retail clients is 1:30 on average. Leverage for forex is 1:30 Max. For indices and commodities, the maximum leverage is 1:10. The maximum leverage is 1:5 for stocks, ETFs, and bonds. The max for cryptocurrency is 1:2.

Leveraged trading gains huge exposure than initial balance and trade-in rising and falling market.

Lowered ratio offered to retail traders because FxFlat is a European broker. Leverage can go up to 1:30 for the major currencies, 1:20 for minor ones, and 1:10 for commodities. A professional will offer specified conditions with higher ratios available for professionals who have confirmed their status.

FX FLAT Deposit and Withdrawal

There is an easy process to deposit and withdraw. Let’s discuss that –

Deposits

It’s easy to deposit money with FXFLAT. There are several options like credit and cards (Visa and Mastercard), Bank deposits, digital purses such as Neteller, Skrill, Paypal, iDEAL, etc. The minimum initial deposit is €200. After that, The Minimum subsequent deposit must be at least €50. For banking, it takes 3-5 days to reach the broker’s account. You can deposit three times a month from debit and credit card with the maximum amount of €15,000. There is a 4% charge on exceeding the limit.

Withdrawal

The process to withdraw is simple. You have to fill a form to retrieve the money. There are several options like the bank, digital purse, cards, etc. there is a simple process to deposit or withdraw money in different ways. So many options make it easy for users.

FX FLAT Educational and Research Support

FxFlat has a lot of options in terms of teaching with webinars, videos, Ebooks, Etc. Here are some Educational resources:-

Tradimo:- Tradimo is an Online trading academy that provides several training videos and a community of over 140,000 people. They also have mobile games and apps.

Algo-Camp:- Algo-Camp is a firm that deals with auto trading systems. Programming auto trade system.

The statistical trading:-Firm Publish High-quality content on the stock exchange. The prime focus is on a statistical analysis of the stocks.

Webinars are happening weekly, and They are in german. Interested clients join webinars after registering.

With so many options and high-quality educational resources, FXFlat focuses on educating new traders and helping them.

FX FLAT Customer Support

FX support is class apart from other brokers. Their technical support is friendly. You can call their toll-free number 0800-0393528 or the live chat 24 hours a day. FXFlat also provides technical support through email( [email protected] and). There is also a feedback form where you can put suggestions and complaints and follow up regarding that. With so many options and a friendly support team, FxFlat stands out in terms of customer care and technical support.

 Final Verdict

FXFlat is the most promising broker for over a decade. With all the accolades and achievements and providing quality support and quality broking at a low cost. There is no scam and fraud as it is under BaFin and European regulations. Providing different account options with easy processes, Diverse trading instruments/ asset classes to trade with, Fx pushes things to the next level. Trading platforms have a simple interface with low spreads and leverage. It’s easy to open an account in Fx. There’s a low deposit fee with an easy deposit and withdrawal method. Fx offers accounts for experienced traders/ professional clients. Fx helps new clients with educational material like webinars, videos, Ebook, Etc and a solid technical support team that provides technical support, financial advice 24/5. Overall this company is here to stay and one of the big brokers in this decade.

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