FXFlat review: Regulations, Platforms, Trading Instruments and Broker Ratings.
1.526 •
2 REVIEWS
Stockbrokers of Europe
German Stock Broker
What is FXFlat?
FXFlat, founded in 1997 by Rafael Neustadt, is a German Forex and Stocks broker regulated by BaFin (German Federal Agency for Financial Services Supervision).
FXFlat offers a wide spectrum of financial instruments including stocks, bonds, options, futures, ETFs, commodities, spot forex and CFDs etc. from over 100 markets in 33 countries.
FXFlat offers trading platforms as MetaTrader 4 (MT4), MetaTrader 5 (MT5), AgenaTrader, ATAS as well as Trader Workstation.
Please read FXFlat Reviews below and share your live trading experiences with this broker.
Broker Details
| Minimum Trade Size: | 0.01 |
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| Maximum Leverage: | 200:1 |
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| Minimum to Open Live: | $200 |
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| Established: | 1997 |
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| Address: | Kokkolastraße 1, 40882 Ratingen, Germany |
| Contact: | service@fxflat.com, 0800 - 0393528 |
| Regional offices: | |
| Regulators: | BaFIN #ID 109603 |
| Prohibited countries: |
| Trading platforms: | MT4, MT5, AgenaTrader, ATAS (Advanced Trading Analytical Software), Trader Workstation (TWS) |
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| Web Trading: | ✅ Yes |
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| Mobile Trading: | ✅ Yes |
| Currencies: | (25+) |
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| Cryptocurrencies: | (10+) Bitcoin, Litecoin, Ethereum |
| CFD: | (390+) Gold, Silver, Stocks, Stock Indexes, Bonds, Oil, Futures, ETF |
Trading Conditions |
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| Hedge: | ✅ Yes |
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| EAs/Robots: | ✅ Yes |
| News Trading: | ✅ Yes |
| Scalping: | ✅ Yes |
| Deposit Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Giropay, iDEAL, Maestro, PayPal, Skrill, SOFORT |
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| Withdrawal Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Giropay, iDEAL, Maestro, PayPal, Skrill, SOFORT |
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1.526 •
2 REVIEWS
Recent User Reviews of FXFlat
vargaspazdaniel
Almeria, Spain,
Apr 29, 2022,
Registered user
Fraud and unethical B-Book practices
Service use: Live
Length of use: 0-3 Months
I stopped working with FxFlat because they started using Metatrader plugins, delaying execution time from 50ms in average to 5000ms, even more than 6000ms just to open/close trades.
I asked them to stop acting unfair and unethical but they replied saying that delays were to prevent generate high level of trading volume in the shortest possible time. But to being his client more time and not to leave the broker.
I told them I'm not linked to any IB and why I would like to generate high trading volume if the more I trade the more commission I pay and their reason was very poor and they should stop doing that and then I will be his client again, because keep doing that is a fraud and unethical.
Their final answer after my last email was to terminate our business relationship and I have received any answer of why they think I was generating a lot of trading volume if I'm not winning nothing, but paying more fees.
So the conclusion is: they are running a fraudulent B-Book brokerage where they apply manipulation, delays and adding slippage to clients they are profitable or are afraid of. They claim in their website they are fair and have the best execution for their clients, but the truth is they will be fraudster with their profitable clients.
I was open to get back with them as client if they declare to stop doing this kind of things and apologize with me, but they never did any of tried to get angry because of my claims.
Stay away from this broker.
I asked them to stop acting unfair and unethical but they replied saying that delays were to prevent generate high level of trading volume in the shortest possible time. But to being his client more time and not to leave the broker.
I told them I'm not linked to any IB and why I would like to generate high trading volume if the more I trade the more commission I pay and their reason was very poor and they should stop doing that and then I will be his client again, because keep doing that is a fraud and unethical.
Their final answer after my last email was to terminate our business relationship and I have received any answer of why they think I was generating a lot of trading volume if I'm not winning nothing, but paying more fees.
So the conclusion is: they are running a fraudulent B-Book brokerage where they apply manipulation, delays and adding slippage to clients they are profitable or are afraid of. They claim in their website they are fair and have the best execution for their clients, but the truth is they will be fraudster with their profitable clients.
I was open to get back with them as client if they declare to stop doing this kind of things and apologize with me, but they never did any of tried to get angry because of my claims.
Stay away from this broker.
1 trader has found this review helpful
S
Stefan Steines
Karlsruhe, Germany,
Jul 5, 2014,
Registered user
Login get lost , account get deactivated without reason .
Service dont help for 2 days .
Service dont help for 2 days .