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FXFlat Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?

"A broker for trading in the lucrative Forex and CFD markets," is how FXFlat advertises itself to prospective clients. They might make the assumption that you are interested in them since you visited their website. This German corporation was founded with the purpose of providing the asset management firm Heyder Krueger & Colleagues with an internet presence. Financial advice and asset management have been Heyder Krueger & Colleagues' areas of expertise ever since the company was established in 1997. That business has been granted a license by the German authorities in charge of financial supervision, and it is directly supervised by those same officials. Visit FXFlat Website.

FlatTrader, FXFlat WebTrader, and MobileTrader are the three components that make up the trading platform that FXFlat makes available to its customers and allows them to utilize. FX and CFD traders may obtain market access from nearly any location on the planet thanks to the collaborative efforts of these components.

FlatTrader is intended to be used for trading a wide variety of CFD derivatives as well as spot transactions in the forex market.

In addition to the features and functionalities that are typical of download-based trading platforms, the FXFlat WebTrader also has internet-based capabilities. However, there is no need to download anything in order to use FXFlat on the web.

The execution of an ever-expanding variety of functions linked to trading may now be done more conveniently on a mobile device thanks to FXFlat MobileTrader. In the case of MobileTrader, it is required to contact FXFlat online in order to obtain a rundown of precisely what your specific Blackberry, iPhone, or PDA is capable of performing once MobileTrader has been installed into your device. This information can be found on the FXFlat website.



In the event that you choose to open an account with them, the team from FXFlat guarantees that they will be by your side every day from 8:00 a.m. to 22:00 p.m. Monday through Friday. Additionally, the team from FXFlat commits its colleagues in London to providing 24 hours of daily support on a completely complimentary basis.

FXFlat provides clients with access to cutting-edge technology and precise market data, and the company also provides a demo account that can be used for training purposes. FXFlat is of the opinion that its demo system is an essential component of the educational effort it makes to serve its customers. FXFlat offers a variety of account kinds, ranging from retail to institutional.

Fx Flat is a Foreign Exchange (Forex) Broker that provides Foreign Exchange Trading services using the trading platforms MetaTrader 4, MetaTrader 5, MT4 and MT5 Mobile, AlphaTrader, and AgenaTrader. When it comes to the manner in which orders are executed, Fx Flat is a b-book broker (market maker). Trading of currencies, indices, contracts for difference (CFDs), stocks, and commodities are all available with Fx Flat. The BaFin is in charge of regulating Fx Flat (Germany).

You, as a private investor, may trade at a professional level with the help of the strong trading software provided by FX Flat. Even if you are just starting out, you can use this program. Trading platforms such as MetaTrader 4, MetaTrader 5, and AgenaTrader are all available with FXFlat. These solutions were built by industry veterans with extensive expertise in the stock market. This extensive selection of platforms includes WebTrader and Trading Apps, Mobile Trader for your smartphone and tablet, the extra MetaTrader Plus service, and StereoTrader for your MetaTrader.

Minimum deposit needed is $200. Transfer, Credit card (Note: For the initial deposit, a credit card statement is required as verification), PayPal, Instant Transfer (maximum external limit 5,000€ within 72 hours), iDEAL, and Skrill are the available payment options.

An thorough support service will address any queries concerning your deposit. The customer support representatives at FX Flat are accessible five days a week, 24 hours a day, and may be reached by phone, live chat, or email. You gain supplementary assistance through our comprehensive selection of events. Reputable industry professionals present their insights into the workings of the market as well as viable business approaches through webinars as well as more traditional seminar settings. They provide their trading experience to you so that you may build a solid basis for your future success in the stock market. Because there is no room for debate, expertise is very necessary when it comes to trading Futures and CFDs.

When it comes to opening a trading account with FX Flat, what are the requirements? When you establish an account, you are required to show that you can complete the following requirements:

You trade using your own money and account on your own platform;

You must be at least 18 years old to use this website;

A deposit of at least 200 euros or its equivalent in another currency is required.

What are the fees associated with trading? Aside from the spread and the financing charges, there are no other costs associated with trading. The customer will not be responsible for any transaction or processing costs.

Is conducting business over the phone an option that's available? You can pass your orders by telephone. However, in order to facilitate easier trading, the platform gives customers the ability to establish limits that are larger or lower, as well as to stop losses and take winnings. These orders are processed in an automated fashion.

What is the definition of a trade unit? One unit of the base currency of a currency pair is equivalent to one 'lot' when trading on the FlatTrader platform. Take, for instance: 1 lot USD/CAD, USD/CHF or USD/JPY = U.S. $ 100,000. 1 unit EUR/USD, EUR/CHF or EUR/AUD = 100,000 Euro.

What kinds of financial analyses may be conducted with FXFlat? Financial analysis is one of the services offered by FXFlat, along with the trading of stocks, stock indexes, commodities, and other CFD contracts. Investors who are seeking for fresh trading ideas for stocks and foreign currencies, as well as investors who are looking for assistance with the management of their portfolio, are the target audience for these sorts of analyses. In addition to research and investment advice, we also provide a calendar of economic events.

Does the system offer charts that update in real time? The charts do, in fact, appear in real time within the chart window of the trading platform, where they may also be viewed in a variety of various time periods. The intervals may be changed to ticks, one minute, two minutes, three minutes, four minutes, five minutes, ten minutes, fifteen minutes, up to fifty-five minutes, one hour, two hours, four hours, eight hours, one day, weekly, and monthly.

For instance, if you change the DAX interval to 10 seconds, the chart window will refresh every 10 seconds with a new point that is tied to the most recent price movement. Because of this, the chart that is currently being displayed will now be based on prices that are updated every ten seconds.

What kinds of graphs and charts am I able to use? Line charts, bar charts, candlestick charts, Heikinashi charts, Kagichart charts, and three-line break charts are all available to you.

Which sorts of order formats am I able to use? The variety of order types that may be placed using FXFlat is always growing. You have the option of placing a limit order, a stop order, an OCO order, a guaranteed stop order, a trailing stop order, or any combination of the aforementioned orders.

How does my broker compare my positions to the criteria for the margin account? Your broker will do an automated review to ensure that the positions meet the margin requirements. The screen displays an account summary that is continually updated and provides information on the original margin as well as the maintenance margin.

Are limit orders and stop loss orders carried out at the prices that are specified? When you go to place an order on the platform, it will display the current pricing for you. By putting price restrictions to your orders, you may safeguard yourself against fluctuations in prices that are not anticipated (slippage). The order will only be carried out if the price stays within the parameters that have been established.

What are the overnight financing charges for holding a position in a CFD for a full 24 hours? The fee is calculated using the Libor index plus or minus 2.50 percentage points. An illustration of this would be if you purchased a Dax CFD at its current price of 12,000 points and held it overnight. For example, the Libor rate is now being quoted at 0.50 percent. The calculation for the financing charge is as follows: (12,000 * 3.00 percent) / 360 = 1.00 €. This indicates that you will be charged one euro in this particular instance.

What is the cost of the financing costs for spot forex transactions? When it comes to spot forex, you need to keep in mind that you can simultaneously have long positions in one currency and short positions in the other currency. Let us have a look at the following illustration about the currency pair EUR/USD (current price 1,20). If you invest 100,000 Euros in the euro to dollar exchange rate, you would receive 120,000 US Dollars for your investment. You will receive a credit in the amount of -100,000 EUR equal to the Euribor interest rate minus 2.50 percent (unless the rate is below zero, in which case there may be a charge on the customer account), and you will receive a debit in the amount of 120,000 USD equal to the Libor interest rate plus 2.50 percent. In this particular scenario, the effective rate would be around 3.40 percent, which would result in a charge of approximately 9.44 euros.

If the first currency has a greater interest rate than the second currency, then the interest is credited to your account when you run a long position, and the interest is deducted from your account when you run a short position. In the event that the first currency has a lower interest rate, you will be charged interest for maintaining a long position, whilst maintaining a short position would result in interest being credited to you.

When will the fees associated with the financing be added to the account? Each CFD and Forex open position, with the exception of future CFDs, is subject to a fee for financial adjustments on a daily basis at a predetermined point when the financing costs are computed. Although the exact timing might vary greatly, in our experience, financing expenses are often assessed at 22:00 CET (17:00 CT) (+/- 2 hours) following the previous business day's closing bell. This time of day, however, may be different in the summer than it is in the winter. If you have an open position at this specific moment, you will be charged financing fees; it does not matter how long you have been holding your open position—whether it has been 10 minutes or 10 hours—financing costs will be assessed. If, on the other hand, you close your position ten minutes before this particular time, you will not be charged with any financing expenses, even if you left your position open for the entirety of the trading day.

How does FXFlat ensure the safety of its transactions? The security protocols employed by FXFlat are among the most advanced in the industry. Encryption is used for any and all data transfers that take place between your machine and our servers: The data that has been sent is consequently inaccessible to others. Every transaction that's made displays a confirmation on the screen. This confirmation will show at the beginning of the subsequent session in the event that you are not connected to the computer at the moment.

How are my money and other assets protected? The cash belonging to customers are kept with Barclays Bank, which is protected by the Deposit Guarantee Fund (Great Britain) up to a limit of 50,000 British Pounds. Additionally, in the event that the broker company goes bankrupt, none of the customers' money will be touched because it is kept in separate accounts for each individual customer.

How much does it cost to make a withdrawal via a bank wire, and how long does the process take? The payment will be sent directly into your personal bank account generally within two business days and at no additional cost. On the other hand, the cost of a same-day wire transfer is around 20 Euro on average.

Is it feasible to engage in trade using micro and mini lots? Yes – not a problem. You have a choice between one thousand (micro lots), ten thousand (mini lots), and one hundred thousand (standard lots).

When trading indexes like the Dow Jones, what is the commission rate that is applied? Trading contracts for difference (CFD) on indices, spot forex or forex cfds, commodities, bonds, or inflation rates does not incur any commission fees. Only contracts for difference (cfds) on individual shares are subject to a commission fee, which ranges from 0.09% for EU equities to 0.04% for US equities roundturn.

On the MetaTrader 4, MetaTrader 5, and Trader WorkStation stages, FXFlat is a set up representative contribution for foreign exchange (forex), CFDs (contracts for difference), prospects, and digital currencies. In addition, the broker makes available a variety of methods for contributing to the transaction, including bank transfers and PayPal. Follow this review for further information on demo accounts, portable programs, estimates, and that's only the beginning of what you'll learn. This should be done prior to logging in and storing anything.

FXFlat is a German financial institution that was established in the year 1997 as a Market Maker. The German Federal Agency for the Supervision of Financial Services (BaFin) has granted the company an administrative authorization to operate in the country. FXFlat was initially a middleman for CFDs and forex transactions; however, the company now covers the complete spectrum of resource classes and has been operating as a protections trading bank since 2015.

In addition to the wide variety of financial instruments, brokers have access to the absolute most popular stages that are now available. In a similar vein, extra dealer additional things cater to a variety of preferences. Some examples of these additional items include AgenaTrader, OptionTrader, and SpreadTrader.

With more than 300 different charts, the MetaTrader 4 (MT4) platform is an excellent choice for traders of all skill levels when it comes to CFDs and forex. In addition, the stage is capable of supporting thirty graphical objects, nine distinct time settings, four forms of request, and a variety of supporting capacities. Customers may also conduct computerized trading strategies by making use of the vast library of professional advisors.

The MetaTrader 5 (MT5) stage provides traders with access to the same general instruments as MT4, with the addition of growing futures contracts. Dealers are able to carry out comprehensive trading systems and detailed value research with the assistance of 21 time stretches, six request kinds, and 38 graphical elements. In addition to that, there will be an extension of a financial timetable, a Market Depth liquidity see, as well as an implied local area chat.

Both the MT4 and MT5 platforms are available for download on personal computers running Windows and Mac operating systems. Similarly, you may access both through their respective web-merchant forms, which provide the familiar advanced trading atmosphere without requiring you to download any software. The web platforms come pre-loaded with the essential features and make it simple for retailers to move between the desktop version and the app version of their storefront.

At more than 135 stock exchanges, TWS makes available for trading a variety of items, including stocks, choices, futures, foreign currency (FX), securities, and assets. The framework is available in either the example version, which is designed for more complex algorithmic trading operations, or the updated Mosaic adaption, which is tailored to meet the requirements of a buildable workspace.

Dealers may also benefit from features such as continuous record management, individualized watchlists, alerts, and risk management tools, in addition to more than one hundred different types of requests and computations.

Downloads of TWS are available for use on computers running Windows, Mac OS X, and Linux. On the other hand, TWS is also available as a web broker, which is a quick and great asset that includes all of the features that are present in the work desktop stage.

FXFlat has an exceptional instrument selection, with more than 50 forex sets and 11 spot forex sets available to choose from. Additionally, you are able to trade more than 35 exchange-traded funds (ETFs), 17 record CFDs (including DAX and NASDAQ), 12 futures agreements, and a variety of values. In addition to the CFD on the Euro Bund, there are CFDs available on eight different cryptocurrencies, as well as eight different items, which include oil and gold.

Spreads at FXFlat are among the most competitive in the industry, coming in at about 0.8 pips for popular currency combinations such as EUR/USD and EUR/GBP. The files for the FTSE 100 and US 30 are around 1 point, while the spot price of gold is approximately 0.3 pips. If you compare FXFlat to other brokerages such as CapTrader, Admiral Markets, or IG, for example, these drawbacks are not nearly as significant. Generally speaking, they are respectable, but not as bad.

There is also the possibility that certain commissions will apply to certain instruments, and this will vary depending on the trading platform that you use. Commissions start at €1.90 in TWS for DE 30 and US 30 records, and they start at €3.50 for EUR/USD transactions.

A trade rate will also apply to expedite positions, and this charge varies depending on the cash pair being exchanged as well as the amount of the position being held.

You are allowed to employ up to 1:30 on major settings while trading forex. The largest possible influence that may be obtained for gold CFDs and records is 1:20. There are a variety of products available with leverage of up to 1:10, stock CFDs with leverage of up to 1:5, and cryptographic forms of money with leverage of up to 1:2. Merchants that are skilled enough can utilize up to 1:200.

On the retailer's website, you may get information on all of the necessary edge criteria, including the recently revised fates edge rates.

At FXFlat, you can download portable versions of both the MetaTrader stages and the Trader WorkStation trading platforms. In addition, traders may access the natural trading environment from any location on the earth by using the iPhone or Android application.

The apps provide access to the whole record history in real time as well as individualized outline windows and a variety of specific markers. When you're in a rush, another option for staying current is to tune in to one of the financial news networks. Because of the adaptability of the TWS application, dealers once again value the innovations provided by SmartRouting for perfect value execution.

FXFlat provides its customers with a variety of methods for funding their accounts, such as bank wire cards, Giropay, PayPal, Skrill, and Sofort. Any deposit or withdrawal must first be processed through a simple web form, with one notable exception: bank wire transfers do not need this.

The MetaTrader and TWS stages of FXFlat's trading platform both allow for free deposits and withdrawals; however, it is important to remember that a base measure of €50 is applied to each deposit. It takes approximately two full working days to process a bank wire withdrawal from any location.

The middleman provides the following: Demo versions of MetaTrader or TWS allow users to test out the various phases of trading for a period of thirty days free of risk and commitment. Demo accounts provide both novice traders and seasoned professionals with an exceptional opportunity to practice or advance their skills in the use of virtual assets in financial transactions.

Because of the restrictions now in place inside the EU, FXFlat does not make any more arrangements or improvements available.

Under the permission number 109603, the Federal Agency for Financial Services Supervision (BaFin) has authorized and is managing FXFlat as a brand name. FXFlat Wertpapierhandelsbank GmbH is the company behind the FXFlat name.

The German remuneration organizations of the protective trading organizations (Edw) guarantee the safety of client records stored at FXFlat up to a limit of €20,000 per customer. In addition, FXFlat stores the funds of its customers in separate ledgers, which are then audited on a regular basis.

FXFlat provides its customers with a number of trading tools, some of which include online courses, lesson recordings, PDFs, and a client bulletin.

Similarly, dealers take advantage of a few free stage extra items, such as AgenaTrader, a high-level diagramming framework that includes computerized trading strategies, and access to other frameworks like as NinjaTrader. You are able to instantly download Forex-Screener, BasketTrader, and StereoTrader from the representative's website. Other supplementary products include StereoTrader and BasketTrader.

Tradimo is an online trading university provided by FXFlat. It features a substantial number of videos on YouTube and other instructional materials for traders. Additionally, the broker has business relationships with other organizations, such as Algo-Camp, Statistic Trading, and Smart Markets. If a customer wants to employ trading robots around the clock or duplicate signals continually, they may also take use of the virtual hosting provided by a VPS server.

At FXFlat, traders have the option of opening either a Standard or Professional account, running on either the MetaTrader or TWS platform. Access to CFDs, FX, and futures markets is available to users with a MetaTrader account, which needs a minimum initial investment of €200. The TWS account has a minimum deposit requirement of €2,000 and offers a variety of financial instruments including stocks, options, futures, CFDs, and spot FX. The required margin is one hundred percent.

Traders are able to personalize their accounts by selecting add-ons for the platform that correspond to their preferred trading strategies and levels of experience. For instance, hedging may be done using the MetaTrader platforms, and scalping can be done through the StereoTrader add-on. You are welcome to get in contact with the broker for any recommendations or pieces of advise you might need.

The times when an asset is exchanged might vary greatly from one another. CFDs on foreign exchange, for instance, can be traded in the MetaTrader platforms between 11:01 p.m. and 11:00 p.m. from Sunday through Friday (GMT). Spot FX contracts can be purchased Monday through Friday between the hours of 8:00 am and 10:00 pm (CET). The contract details may be obtained on the website of the broker. These requirements include all of the session hours.

You may get in touch with FXFlat in a number of different methods, including by e-mail, at service@fxflat.com, as well as through live chat. On the website, you can also find a list of specialized hotline numbers in German and other international languages for the MetaTrader and TWS platforms.

The address of the main office of the broker is as follows: FXFlat Wertpapierhandelsbank GmbH, Kokkolastr, 1, 40882 Ratingen, Germany.

Both the MetaTrader and the TWS platforms encrypt all of the data that is sent between the client computers and the FXFlat servers, ensuring that the data cannot be read by any other parties.

You have the ability to set up smartphone SMS verification via the client portal prior to the login process. When you log in to WebTrader, MetaTrader, or TWS, you have the option of utilizing two-factor authentication, which adds an additional layer of protection to your session.

FXFlat provides its customers with access to a vast assortment of resources, such as cryptos, offers, and futures, on either the MetaTrader or TWS platforms. Particularly remarkable is the material that can be found in various trading tools, such as Forex Screener and StereoTrader. In addition, there is a good selection of educational resources, such as a booklet, videos on YouTube, and online courses; yet, the majority of these resources are only available in German.



FXFlat works with brokers from most countries around the world, including Australia, Thailand, Canada, the United States of America, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, and Qatar.

FXFlat is a Forex and CFD broker that provides cutting-edge trading platforms together with a wide variety of assets for trading. The German Financial Supervisory Authority (BaFin) oversees it, and it provides its customers with favorable trading circumstances, such as education for traders, trading signals, and a variety of other trading aids.

Customers of the German online forex and CFD broker FXFlat Wertpapierhandelsbank GmbH benefit from the company's utilization of cutting-edge technology in order to engage in online trading. FXFlat was established in 1997, and since then it has expanded in terms of both its size and the range of products it provides. Ratingen, which is located close to Düsseldorf in Germany, serves as the company's headquarters. Today, it provides several trading instruments for trading on its cutting-edge platforms, along with competitive trading conditions and a wide range of trading tools to assist traders with their day-to-day operations.

The broker has a strong commitment to social responsibility and has made several positive contributions to the community throughout the years. The Children's Hospice Regenbogenland benefited from a donation of monies made by FXFlat. Children who suffer from terminal illnesses or impairments are housed at this facility. Additionally, the broker has been making financial contributions to the "Ebreast Centre," an organization that helps breast cancer sufferers in a timely and competent manner. Following the earthquake that struck Japan in 2011, FXFlat made a contribution to the Japanese branch of the Red Cross in order to offer assistance to the victims. Since 2009, FXFlat has contributed financially to the "Heartbreaker Foundation," with the goal of assisting that organization in maintaining its assistance for persons suffering with HIV and AIDS.

FXFlat has been a sponsor of several sports clubs, including the Düsseldorfer Eislauf-Gemeinschaft, which is widely regarded as one of the most successful ice hockey teams in Germany (DEG).

"Fortuna Düsseldorf" is a German football team that is currently competing in the German League.

Rochusclub Tennis Club is a long-standing member of the First Tennis Point Bundesliga, having competed there for more than 25 years.

The German publication "Euro am Sonntag" presented FXFlat with their "Best Customer Service" award in the year 2013. During the same year, the "German Investors Fair" that was held in Frankfurt awarded FXFlat the title of "the finest CFD broker." Additionally, FXFlat took up the award for "the best CFD broker of the year 2012." These honors were bestowed upon the broker in acknowledgement of their outstanding performance across a variety of operational domains.

The Federal Agency for Financial Services Supervision has been responsible for the regulation and supervision of FXFlat Wertpapierhandelsbank GmbH since the year 1998. (BaFin). FXFlat has been operating as a securities trading bank ever since the year 2015. In addition, the BaFin rule makes it possible for the broker to extend its service offerings to nations inside the EU other than Germany by way of the MiFID II directive.

The money belonging to customers is stored in German financial institutions as required by the statutory rules. They must be kept completely distinct from the monies held by the broker. It is necessary to conduct a thorough audit of the finances in order to guarantee full adherence to this policy. No matter what happens to the broker, the broker should never have access to the money that is kept in separate accounts.

Digital security in the form of Secure Sockets Layer, or SSL, has been added to the website in order to assist in the protection of the transactions and data of customers. This is essential in order to prevent unwanted access to the customers' data while it is being transferred to the servers from the clients.

The services offered by FXFlat are not available to those living in the United States.

The website agenatrader.com provides a trading platform with a professional level of functionality. The platform is equipped with a wide variety of features, and it is compatible with a number of different brokers and trading instruments. A downloadable and installable version of the platform is available for use on desktop computers running Windows. The following are its many forms:

Mercury: This version is completely free, however it does not have too many features. It is only compatible with a single brokerage.

Neptune: This platform has a monthly fee of $59 and is intended for more experienced traders.

Andromeda is a platform that was developed for professional traders and has a monthly fee of $99.

Galaxy: This is reserved for seasoned financial speculators. The price is set at $149 each and every month.

The Mercury version is made available to FXFlat's customers at no additional cost. If a customer wants to use one of the other versions, they will need to go to agenatrader.com to rent it and then connect it to their FXFlat account. AgenaTrader allows users to extend its functionality by installing add-on applications, which may be rented or purchased outright from the company's website.

The following is a list of some of the features that are included in the free edition of AgenaTrader Mercury:

The order books of the market may be seen thanks to the Depth of Market function.

It is compatible with a variety of orders, including OCO, If done, ORO, and others.

You are able to place orders from inside the charts themselves.

Provides support for order templates, making it possible to quickly reuse orders that have been altered.

The site incorporates over 150 technical indicators and many sketching tools for users to make use of.

The information center displays various warnings, such as time alerts and trade notes.

It incorporates a number of utilities, including the Simple scanner.

Allows for the automation of strategies through the use of the built-in programming language known as AgenaScript, which is derived from C#.

The Russian software company MetaQuotes Software Corporation is responsible for developing the MT4 platform, which was initially released in 2005. Today, it is one of the trading platforms that is utilized the most, particularly by forex traders all over the world. The MQL4 programming language, which has its roots in the C++ programming language, may be used to script the platform's support for plugin apps. There are already many of applications available, including signal generators, news apps, expert advisors (EAs), and other types of indicators. The MT4 platform is quick and safe, and it comes packed with a variety of features that can be used for trading and analysis. WebTrader, Windows and MACOS desktop programs are all versions of MT4 that are offered by FXFlat. Additionally, it may be downloaded for free as a mobile app for both Android and iOS-based devices.

The following is a list of some of the most important aspects of the MT4 platform:

It is straightforward, easy to use, and completely modifiable to accommodate the preferences of the trader.

All of the charts and pricing relating to the instruments may be presented in real time.

The charts may be presented across a total of nine different periods, ranging from one minute to one month.

The MT4 comes pre-loaded with about thirty technical indicators, but more ones may be added through the use of plugin applications.

There are twenty-four sketching tools accessible for use in the chart analysis.

Trading that is carried out automatically through the utilization of professional consultants (EAs).

Notifications of price alerts can be set up to appear as pop-ups, emails, or SMS messages.

MT4 Trading Platform Provided by FXFlat

MT4 Trading Platform Provided by FXFlat

This is an additional trading platform that was introduced in 2010 by the same company, MetaQuotes Software Corporation. It has much of the same capabilities as MT4, in addition to certain functionality that was not included in MT4. The MT5 allows for the writing of plugin programs to enhance the functionality of the platform, just like the MT4 did. However, it makes use of the MQL5 programming language, which is likewise based on C++. Therefore, MT5 applications will not operate on MT4 platforms and vice versa. The MT5 platform is strong, powerful, and lightning-fast, and it includes all of the essential trading and analytical features. WebTrader, desktop software for Windows and MACOS, and mobile apps for Android and iOS are the many platforms on which it may be accessed.

The following is a list of some of the most notable characteristics of the MT5 platform:

Its user interface is comparable to that of MT4, meaning that it is straightforward, easy to use, and highly configurable.

The charts and quotations relating to the assets are presented in real time throughout the board. The 'depth of market' function is a part of this offering.

There are 21 distinct periods that may be presented on charts.

It is preinstalled with 38 technical indicators, however this number may be expanded to thousands by utilizing other plugin programs.

For the purpose of chart analysis, about 44 analytical items are pre-installed.

It enables scripting, back testing, and installation of expert advisors (EAs) that have been constructed using MQL5. Trading in forex and CFDs may be automated using EAs.

Back testing tool for several currency strategies using historical data. Designed for use with expert advisors.

The 'Economic Calendar' of upcoming events is incorporated into the site.

This is a plugin program for MT4 and MT5 that is made available to FXFlat traders at no additional charge. The MetaTrader (MT) platform will become more feature-rich as a result of the addition of this app. Additionally, it enables trade automation through the utilization of predefined methods. It has 4 trading modes; Future mode, Hedge mode, Single hedge mode and Single net mode. It allows for the support of historical data and the introduction of additional order types such as MIT, OCO, reverse, or net. In addition to that, it possesses automated departure characteristics that are predicated on a variety of logics, such as time and equity.

On its website, FXFlat offers a calender that shows economic events. This calendar details the dates, hours, and locations of the many economic events that are scheduled to take place. In addition, the calendar displays the impacted currency, a forecast of the impact, as well as its previous occurrences.

MetaTrader Plus is a collection of programs that enhance the trader's experience by providing them with additional tools and enhancing the overall trading environment. It is tailored specifically for MT4 and MT5, respectively. The FXFlat website offers a download of the MetaTrader Plus trading platform. Trade terminal, Mini terminal, Margin calculator, Trade size and risk calculator, Smart lines, Connect, Alarm manager, Correlation matrix, Correlation trader, Market manager, Sentiment trader, Session map, Tick chart trader, Stealth orders, and Excel rtd are some of the applications that are included in MetaTrader Plus.

This is the FXFlat signal service, in which trading signals are emailed to clients who have registered to the service. A quick chart analysis is included, along with levels of support and resistance. FXFlat claims that the signals are provided solely for informative reasons, and the company does not accept any responsibility for the reliability of the signals.

Over 800 training videos, recorded webinars, and trainings may be found on the FXFlat channel on YouTube. These films were created by various FXFlat professionals. There is a German commentary accompanying each video.

FXFlat has formed strategic alliances with a number of training companies in order to provide its clientele with access to comprehensive and professional trader education.

Tradimo is an online trading academy that offers a variety of video tutorials as well as a community of more than 140,000 individuals who discuss various aspects of trading. In addition to that, they provide mobile games and applications.

This company, known as Algo-Camp, specializes in the programming of automated trading systems.

Statistical trading: The stuff that this company produces on the stock market is of a very high caliber. The statistical examination of the stocks is the primary focus of the material.

Weekly webinars may be seen listed as upcoming events on the website. Customers who are interested should demonstrate their interest by registering. The webinars are provided at no cost and are conducted in German.

There is just one type of account available at FXFlat. There is no other option outside the normal individual account or the business account. The EURUSD spread is considered the industry standard, and it begins at 0.8 pips.

The standard account requires a deposit of at least €200 in order to open it. The highest leverage available while trading spot forex is 1:200, whereas when trading forex CFDs, it is 1:30. The required margin for profit is now fifty percent.

Clients in the Professional Market Every customer may be categorized as either a retail or a professional customer. Professional client accounts are reserved only for seasoned investors who routinely trade a significant amount of capital, have sizable portfolios, and a deep understanding of the financial markets. Any amount can be deposited into a professional classic account, and there is no safeguard against having a negative balance. Negative balance protection is included with Professional Plus accounts, which need a minimum deposit of €200. Every single one of our professional customers is eligible to trade with a leverage of up to 1:200.

Demo accounts may be opened on the MetaTrader 4, MetaTrader 5, and AgenaTrader trading platforms. They already have some practice money deposited onto their accounts when you buy them. Demo accounts are frequently utilized for the purpose of testing trading strategies prior to the creation of an actual trading account.

When the markets are open, the prestigious customer support services are always available 24 hours a day, seven days a week. You may get in touch with them by using the website's "contact" form to submit your inquiry. If you would like to be contacted by telephone, there is a 'call back service' form that can be found on the internet. This form may be used by customers to arrange calls at a time that is convenient for them. In addition, the customer service staff may be accessed by a variety of channels, including immediate web chat, email, and telephone. FXFlat has a presence on the following social media platforms: Facebook, Twitter, YouTube, Xing, LinkedIn, and Instagram.

FXFlat has made it clear that there are no costs associated with making deposits or withdrawals using their platform. It does not take cash deposits or electronic transactions from individuals who are unknown to the company. Only users with the same name as their trading accounts are allowed to make deposits. After the first deposit of €200 that must be made into the account, any further contributions must be at least €50.

The following are the available methods of payment:

Transferring funds via bank takes around three to five business days to be reflected in the broker's accounts. It is the primary means through which earnings may be extracted from the account.

Cards of all major brands, including credit and debit, are accepted here. Free deposits are limited to a maximum of €15,000 each month and a total of three times per calendar month; after that, a fee of 4% of the deposit amount is assessed. While withdrawals to a card can take up to a week to execute, card deposits are completed immediately. The only amount that may be withdrawn to a card is the amount that was initially placed from it.

When making a payment online, you can use any of the following accepted electronic payment platforms: PayPal, Skrill, iDEAL, or SOFORT. The processing of deposits happens instantaneously, while there may be brief delays of up to a few hours occasionally. Withdrawals are handled the same day they are requested.

Opening a trading account with FXFlat is a pretty straightforward process. Simply go to the website of the broker, look for the option labeled "account opening" on the navigation bar, and then highlight the relevant information. To view the 4-page account opening form, click on the 'Live account' button, as illustrated in the following paragraphs:

After you have entered your name, address, email address, phone number, type of account, platform, and deposit amount, click the "next" button. If you wish to make an instant deposit of cash, click the "deposit" button; otherwise, the second page is for entering your personal information. Please respond to the questions on your date of birth, marital status, employment, and security. On the third page, you will be asked for details on your trading experience as well as your financial information. Before you create an account with the broker, you need to make sure that you are in agreement with all of their terms, conditions, and policies by reading the papers on the very last page. These documents include important information. If you provide your consent, the account will be established immediately, and you will be able to start trading, downloading the platform, and verifying your identification right away.

The well-known German brokerage firm FXFlat is one that facilitates trading of a wide variety of assets through the internet. It is a well-known and highly regulated company that runs a trading bank for securities. There are a number of safeguards in place to guarantee that the broker does not have access to or influence over the cash belonging to the customer.

There is an incredible selection of trading platforms, including the well-known MT4 and MT5 trading platforms in addition to the advanced AgenaTrader platform. The MetaTrader platforms allow for trading to take place on mobile devices as well as the web.

In addition, FXFlat provides its customers with ongoing educational seminars, trading signals, and other trading tools. The use of these instructional resources and technologies has the potential to contribute to an overall improvement in the traders' trading experiences. On the other hand, the majority of them are in German, and there is not an integrated social trading network. The broker could profit from utilizing the services of a third party research and analysis organization such as Trading Central or Claws and Horns, for example.

It appears that just a small number of brokers are consistently expanding their knowledge and skills. It's likely that FXFlat is one of them. Anyone who looks at this CFD broker in any further detail will find that their toolbox is already well-stocked with a variety of options. In addition, there is a one-of-a-kind advancement that I will discuss further on in the article. After having used FXFlat as a platform for trading CFDs and stock CFDs for more than a year, it seems like the right moment to provide a comprehensive and impartial analysis about the experience.

When one browses through the many trading groups on Facebook that are pertinent, they will repeatedly come across the names of the same brokers. Not so with FXFlat, though, since this broker has a tendency, in my opinion as a direct result of this fact, to rather lead a specialized existence. However, given that this "Securities Trading Bank plc" has a great deal to offer, it is highly recommended that one investigate it more. In particular, in order to evaluate the efficacy and viability of FXFlat as a broker for your own CFD trading at the conclusion of the day as well as in general. How does it differentiate itself from other brokers in the industry?

Due to the fact that the company's headquarters are located in Ratingen, which is close to Düsseldorf, they fall under the purview of the German Federal Financial Supervisory Authority (BaFin). However, contrary to what is often believed, FXFlat was not established in 1997; rather, the company has only been available to consumers as an online brand since 2007. Heyder Krüger & Kollegen GmbH (HKK-Invest), an independent asset management and advisory firm that is still operational as an investment intermediary today and gave rise to FXFlat subsequently, was the company that was created in 1997.

However, this is not all there is to it since FXFlat has furthermore built the brand known as CapTrader. Despite the fact that it operates out of the same physical location in Ratingen, Germany, this company is what's known as a "introducing broker" for Interactive Brokers. Client funds are held in separate accounts maintained by Interactive Brokers LLC in London (Citibank). The product selection is the primary point of differentiation from FXFlat, in addition to the tax implications that this has and the significantly increased deposit protection afforded by English law (see below). While FXFlat is primarily focused on CFD and forex trading – at least for the time being - CapTrader enables trading in shares, options, futures, certificates, and warrants in addition to CFD and forex trading.

At this juncture, it is perhaps important to explain that FXFlat is a member of the "CFD Verband e.V." organisation, which was established in 2008. Rafael Neustadt, who is the chief executive officer of FXFlat Wertpapierhandelsbank GmbH, also serves in this role as the chief executive officer of this organisation. The other members include several well-known financial institutions such as FinTech Group Bank, Commerzbank, and Flatex, in addition to S-Broker, ViTrade, and Consors (BNP Paribas). They regard it as their responsibility to advocate the interests of CFD service providers, with the objective of enhancing the political and regulatory framework conditions for CFD trading and currency trading in Germany.

In addition to this, FXFlat makes donations to a wide variety of social organizations and projects, such as "Aktion Mensch," HIV associations, the German Red Cross, and children's welfare organizations, amongst others. This is something that CFD brokers do not typically do, so it is something that stands out about FXFlat.


The business model of the broker from Ratingen may be confined in this way: it could be described as neither meat nor fowl. The reason for this is that FXFlat, on one one, understands itself to be a pure commission agent, which means that it acts as a middleman between traders and the sources of liquidity. Because of this, they are not simply a market maker, which is generally something that works in their favor. On the other hand, the broker is not propagating an explicit DMA/STP agency model either, and instead refers to its associated market makers, all of whom are located in Great Britain. This is an important distinction to make.

To trade CFDs with simply MT4 or MT5 by themselves, on the other hand, makes little to no sense at all. Because of this, FXFlat provides its own add-on package known as "MetaTrader Plus," which users may download and use at no cost. This offers a wide variety of helpful features, such as a tiny terminal that makes it possible to trade with a single click and that enables the SL, TP, and trailing stops to be pre-set for each order.

In addition, the risk, trade size, and margin calculators, as well as the sentiment trader and alert manager, are all extremely helpful tools. The latter is considerably more thorough and can be utilized for alerts depending on predetermined rules. Not only does it offer technical indicators, news, or sentiment alarms, but it also allows for the distribution of such alerts through Twitter, text message, or email.

In addition, FXFlat promotes on their website something called a "MetaTrader Signal Server." This is essentially the same thing as social trading, in which the trades made by another trader are immediately replicated to the trader's own MT terminal. This is made possible by registering with the corresponding signal source in the trader's MT terminal. FXFlat provides a wealth of material on this topic, which readers who are interested in learning more about should examine carefully.

At this time, every trader should consider becoming a high flyer in the market. Spreads are extremely competitive and only account for 0.9 points in the DAX, 1 point in the Dow Jones and UK100, and 0.4 points in the US500, for example. This indicates that spreads are not a significant factor in most markets. The spreads on foreign exchange pairings are also among the lowest available; they only amount to around 8 pips in the fifth and/or third decimal place for the EUR/USD and USD/JPY main pairs, respectively, while the spread on gold is approximately 30 cents. That is a pretty respectable overall average.

Naturally, this is only the main portion of the spread. However, it would be erroneous to suppose that there would not also be commissions that need to be considered. The trading of indices and other CFDs, as well as currency trading, are both free of commission fees at FXFlat. Every every trade in a CFD is executed at no cost whatsoever. Even stock CFDs can be traded without the normal minimum commission almost anywhere else. The only price that is levied here is a commission, and it is 0.09 percent of the round turn volume of the CFDs that are traded. This comes out to a meager ninety cents for every one thousand euros. Because of this, FXFlat is more cost-effective than any other broker that I am aware of.

In addition to this, FXFlat gives the trader a share of any dividend payments received from the CFD long bets they hold. When it comes to German shares, the payout is equal to the gross dividend in its whole, whereas when it comes to US shares, the payout is only 85 percent. Attention: any stock CFD short positions will result in the account being charged the appropriate amount!

The financing costs are kept within the standard range. In accordance with the Libor, an additional 2.5 percentage points are added to the cost of overnight CFD holdings.

The fees for trading futures on Eurex are quite competitive with one another. Taking into account all of the other expenses, the commissions on each Eurex contract will only cost you a total of € 1.90. (exchange fees, clearing, order routing). In addition, there is no fee for placing orders or making adjustments over the phone. Real-time rates are also available at no additional cost, provided that the commission turnover meets a minimum of €20.00 per month. FXFlat will only charge the difference to the trading account if the minimum turnover requirement is not met.

However, the overnight margin for the FDAS is € 25,000, which is significantly more than the intraday margin of just € 2,500. Trading on the Mini-Dax can begin with as little as a margin of € 500 (or € 5,000 overnight).

The highest amount that may be covered by the deposit guarantee for FXFlat accounts that are kept in Germany is € 20,000, however the guarantee stands at 90 percent for transactions involving securities. Anyone who believes they should receive more may investigate the possibility of creating an account with "CapTrader," the British branch of the FXFlat securities trading bank. There, the maximum amount of the deposit guarantee is 50,000 GBP.

The same reasoning may be used to the withholding tax at a flat rate. FXFlat will not instantly deduct this after each profitable transaction; rather, it will wait until the end of the month to do so, and only then if all of the trades have resulted in a profit overall. This is not devoid of any potential interest. The earnings and losses accumulated over the course of the preceding months will be taken into consideration.

Traders who use a British CapTrader account, on the other hand, will be responsible for paying their own taxes when the year comes to a close.

The help that is offered in German is prompt, knowledgeable, and focused on the desired outcome. Requests sent over the mail are responded to almost instantly, and on occasion, an FXFlat staff will also gladly provide a call back. Because the emphasis is on finding a solution to the issue at hand, there is no reason for anybody to be put off by the friendly human interaction that is present here. There has never been a single marketing call sent through to me by FXFlat. In the event that they are unable to reach you, the response will often be sent straight to them.

The webinar and seminar offer covers a tremendous amount of ground. The majority of days feature webinars, some of which feature interesting live trading sessions led by well-known luminaries such as Dirk Hilger, the programmer of StereoTrader, Jens Klatt, Mario Lüddemann, Thorsten Helbig, André Stagge as a representative of VTAD (German Association of Technical Analysts), and a great number of other individuals. Under the heading "Training" on the website, one may sign up to participate in them.

The service is completed with a substantial video library covering a wide range of topics, in addition to recordings of live trading sessions. You may also find these films on the channel that FXFlat maintains on YouTube.

In addition, FXFlat is present and may be approached at a variety of formal events, most notably the "World of Trading" expo.

Conclusion based on my individual encounters with the FXFlat platform
When one is coming from Cologne, it is generally difficult to find anything nice to say about things that are happening in Düsseldorf. However, this circumstance warrants an exemption.

After more than a year of real-world experience, FXFlat has demonstrated that it is a trustworthy and knowledgeable partner for trading CFDs. The broker is quite reasonable in comparison when it comes to the trading fees, which include the beneficial core spreads. Additionally, the broker provides a sufficiently large selection of goods and several opportunities to increase one's level of expertise. The level of quality in the execution is quite great, and there are no issues with the prices that were quoted.

One potential drawback is that there is only a relatively limited selection of stock CFDs available for trading. To make up for this, however, the Mercury edition offers an almost unrivaled selection of high-quality add-ons, such as StereoTrader, the Forex Screener, and AgenaTrader, all of which are offered at no additional cost. This selection is virtually unrivaled. As a result, FXFlat is a broker that is not only sustainable but also extremely successful as a whole package. In my opinion, the best broker to have their headquarters in Germany, who comes highly recommended as a result.

FXFlat has one of the longest track histories in the foreign exchange broker market due to the fact that it was one of the early online brokers to be established all the way back in 1997. The headquarters of the corporation are located in Germany, but it services consumers from virtually all countries across the globe, with the exception of the United States of America and a few other nations.

Because FXFlat is a foreign exchange broker with headquarters in the European Union (EU), the maximum leverage that every trader may use is just 1:30. This is in conformity with regulations from the European Securities and Markets Authority (ESMA). Because of this, the majority of traders whose homes are located in nations that are not a part of the EU will find that the trading conditions offered by FxFlat are far less favorable than those offered by the vast majority of other brokers. However, this might not make much of a difference for traders situated in the EU. In fact, some traders could find it more appealing to deal with a broker who is completely regulated within the EU.

The fact that FXFlat provides a vast array of trading instruments that are applicable to almost all asset classes sets it apart from the vast majority of other forex brokers that we have examined here on FX-List. This is one of the unique aspects that sets FXFlat apart. On the other hand, it is essential to be aware that the vast majority of these instruments are not offered on the MetaTrader platform; rather, they are offered only on the Trader Workstation platform.

FXFlat provides its customers with access to a wide variety of trading platforms, including MetaTrader 4 and 5, Trader Workstation, AgenaTrader, and StereoTrader, a professional trading interface for MetaTrader 4 and 5. In addition, FXFlat enables its customers to use the AgenaTrader platform.

It is important to keep in mind that FXFlat acts as an introducing broker (IB) for the huge company Interactive Brokers, which is situated in the United States, for customers who have joined up with a Trader Workstation account. Because of this, the vast majority of the instruments that are made available by FXFlat are not actually traded through the broker but rather through Interactive Brokers on the platform known as Trader Workstation. However, clients who have signed up for one of the MetaTrader accounts can trade products provided by FXFlat itself. These instruments include futures, forex, and a variety of contracts for difference (CFDs).

When it comes to its offering, FXFlat is perhaps most known for having a very big assortment of equities available for trading. This is made possible because to the cooperation with Interactive Brokers, which is widely recognized as being among the most successful stock brokers in the United States. As a consequence of this, customers of FXFlat have access to almost all of the stocks that are listed in the United States, in addition to companies that are listed on a variety of public exchanges in Europe, Russia, Australia, and the Asia-Pacific area.

When using FXFlat, it is essential to be aware that the commissions and spreads on the various trading instruments vary drastically depending on the type of trading platform and account that the user is utilizing. This is another factor that should be taken into consideration. Spreads begin at 0.9 pips for the popular EUR/USD currency pair for traders who do their business directly with FXFlat on the MetaTrader trading platform. This is a reasonably narrow spread for a normal STP-style account, which allows traders to engage in commission-free trading. For contracts for difference (CFDs) involving European stocks, the broker levies a cost of 0.09 percent every round-turn, however there is no commission paid for CFDs involving US stocks. Other instruments all come with a unique set of trading costs, and the Trading Conditions page of the broker provides a comprehensive explanation of all the relevant data.

A customer will be required to pay a deposit of at least two hundred euros (EUR) in order to join up for one of the MetaTrader accounts. On the other hand, the minimum deposit required for a Trader Workstation account with Interactive Brokers is significantly greater, beginning at 2,000 Euros.

In order to fill your MetaTrader account with FXFlat, you have the option of using a bank transfer, credit or debit cards, or an online money transfer tool like as Skrill, Sofort, PayPal, or GiroPay. However, traders who want to sign up with Interactive Brokers and trade using the Trader Workstation account can only deposit funds via bank transfer. The broker does give users the option to transfer funds to bank accounts in their own country, which allows them to avoid any fees associated with international wire transfers.

Overall, there is no question that FXFlat is one of the oldest and most well-known brokers in Europe, and probably even more so in Germany, where it is headquartered. This is especially likely to be the case in Germany. In addition, FXFlat has a global reach that is far greater than that of the vast majority of other brokers because to its IB collaboration with Interactive Brokers. As a consequence of this, FxFlat could be an excellent choice for European traders who are interested in gaining greater diversified and worldwide exposure while continuing to operate inside a trading environment that is completely regulated.

FXFlat is a foreign exchange broker firm that was established in Germany and has its headquarters in Ratingen.

Finding a reliable FXFlat review, either locally or globally, may be a challenging procedure, particularly when it comes to locating a comprehensive list from a reliable and trustworthy source.

The following is a comprehensive analysis of FXFlat designed to assist you in making an educated choice prior to creating an account with them or trading on their platform.

Forex brokers are organizations that offer traders with access to platforms that enable them to purchase and sell foreign currencies. These platforms are known as forex trading platforms.

Retail forex brokers and currency trading brokers are both names that refer to the same type of business. In turn, retail currency traders employ these brokers in order to acquire access to the 24-hour currency market for the sake of speculating.

Institutional clients and huge corporations such as investment banks can also take use of the forex broker services that are available.

FXFlat is an online broker that began doing business in 1997 and has been recognized with a great number of accolades for the quality of its trading conditions and the breadth of the services that it provides. Trading in Futures, Contracts for Difference (CFDs), and Forex are the products that are offered.

In Dusseldorf, the FXFlat Wertpapierhandelsbank GmbH was established, and its offices are currently located in Ratingen, which is close by. Since 1998, the firm has been in possession of the appropriate authorizations from the Federal Financial Supervisory Authority (BaFin).

Since the company's founding, FXFlat has made consistent efforts to broaden the scope of its offerings and cultivate an extensive portfolio. Additionally, the company recognizes the significance of providing high-quality assistance, which may take the form of educational webinars or in-person seminars.

As a member of CFD Verband e.V., the firm is contributing to the growth of the CFD market in Germany, with the goal of the organization being to encourage openness while also protecting investors.

With addition to this, it is involved in other charitable organizations and hospitals around the community, where it plays an active role. The traders that FXFlat assists have nothing but praise for the company and very favorable suggestions to share.

FXFlat gives its customers access to cutting-edge technology and delivers an unmatched level of service.

At FXFlat, all trades are executed through a single account known as a Standard Account. The following is a list of features that come with this account:

(First) deposit is from 200 EUR; futures prices start at 1: 135 spot forex. 1: 200 Index CFDs – major values 1:20 Index CFDs are for trading in small caps, whereas 1:10 Forex CFDs are for trading in significant stocks 1:30 Forex CFDs – modest caps starting from 1:10 Gold CFDs 1:20 Metal CFDs 1:10 Oils CFDs 1:10 DE CFDs shares 1: 5 US CFDs 1: 5 Interest rate CFDs 1: 5 Crypto CFDs 1: 2
Weekend margin: usual (no doubling)
Margin close: 50 percent
The answer is no to the additional financing responsibility.

This account may also be setup as a corporation account, and it can be used for virtually any kind of business, anywhere in the globe. There is no cost associated with creating an account.

You are need to do the following in order to create a Standard Account for a company:

To open an account with the FXFlat securities trading bank, you will need to fill out a paper application, get it signed, and then mail it in.
Please provide copies of the following documents:
Authentication of each and every beneficial owner
Extract from the commercial registry Statutes or the articles of organization governing the firm
A list of those who are permitted to sign.
Resolution from shareholders to establish an account
After the papers have been received and examined, you will be notified of the status of the account opening. This will take place after the documents have been received.
Any time of the day or night, you can make a transfer into your account.

According to the German Customer Institute (DKI), FXFlat was the Most Popular CFD Broker for the years 2020, 2019, and 2018.
In 2019, FXFlat was ranked as the best broker overall by BankingCheck.de.
In 2019, 2017, 2016, 2015, 2013, and 2012, the prestigious business and financial newspaper euro awarded it an overall grade of Very Good.
It gained the title of Fuchs-Top Briefe's Broker in 2019, 2018, and 2015 respectively.

A foreign exchange account, often known as a forex account, is a trading account that is kept by a trader with a firm such as FXFlat. Forex accounts are issued primarily for the purpose of trading currencies.

Typically, the number of accounts and types of accounts that a trader is permitted to open with a broker firm will vary depending on the country in which the brokerage is based, the trader's country of residence, and the regulatory authorities under whose jurisdiction the firm is permitted to conduct business.

To initiate the opening of an account with FXFlat, a minimum deposit of 200 EUR is necessary; however, subsequent deposits will only require a transfer value of 50 EUR from the customer. Both making deposits and taking money out are completely free of charge.

Always verify with customer service and your payment provider to see if there are any additional fees that may be incurred as a result of foreign rules or conditions that have been set. This may result in additional costs for you.

To remove funds from your FXFlat trading account, you will need to fill out a form, and withdrawals may only be sent to the deposited reference account or the origin account.

At any moment that you choose, you are free to take money out of your account so long as the amount you want to take out is either less than the needed margin requirement or is equal to it.

For deposits and withdrawals, FXFlat provides the following banking methods, which are among the most common:

Visa
MasterCard
Bank Transfers
PayPal
SOFORT \sWIRECARD
Discover \sSkrill \sJSB
Neteller Diners Club
iDEAL

The total cost of trading is determined by a number of variables including fees, spread, and margins.

The difference between the bid rate and the ask rate of a currency pair is referred to as the spread of that pair. A point of interest (pip) is the smallest possible change that can occur in a currency exchange rate. For currency pairs in which the Japanese yen serves as the term currency, one pip is equal to 0.01, but for all other pairs, one pip is equal to 0.0001.

Margin refers to the amount of money that must be present in an account before a position may be opened. The current price of the base currency in relation to USD, the size (volume) of the position, and the leverage that has been applied to your trading account are all factors that go into the calculation of margin.

Commissions are the fees that a trader must pay to an investment broker in exchange for the broker's assistance in conducting transactions on the trader's behalf. The amount of commissions charged will fluctuate from one broker to the next, as well as depending on the asset that is being traded and the kind of service that is being provided by the broker.

Traders often pay lesser commissions when they work with execution-only brokers, which are defined as brokerage firms that do not provide individual clients any kind of financial advice and that allow traders full discretion over the manner in which they trade the markets.

Trading contracts for differences (CFDs), a common type of derivative trading that enables traders to speculate on the rising or falling prices of rapidly moving global financial markets, will result in the payment of commission. Traders can speculate on the rising or falling prices of fast-moving global financial markets.

Trades in contracts for difference (CFDs) on other markets don't incur commission fees, but they do add a spread on top of the price of the underlying product.

The spreads offered by FXFlat are among of the lowest in the industry. For instance, the price of Bitcoin is around 35 pips, which is comparable to the prices offered by other brokers.

FXFlat provides its customers with only a single account option, via which they may access all available instruments and manage their accounts.

The only thing that differentiates one from the other is the base currency that is used and whether or not a DE account or a GB account may be accessed through the MT4 platform. The EUR/USD spread that is used as a benchmark begins at 0.8 pips.

Trading on an FXFlat spread will add an additional trading cost to your transaction; however, this cost is often included in the spread or fee that is established by the instrument.

Leverage refers to the facility that enables a trader to create a position with a considerably bigger exposure to the market in comparison to the amount of money that they first placed in order to do so.

Leveraged products like this amplify a trader's potential profit, but they also raise the trader's potential loss, which is to be expected.

The level of leverage is typically presented as a ratio, such as 50:1, 100:1, or 500:1. If a trader has $1,000 in their trading account and they are trading ticket sizes of 500,000 USD/JPY, then their leverage is equivalent to 500:1.

Because FXFlat is a European registered broker, it is able to provide reduced ratios to retail traders. The leverage offered to retail traders is 1:30 for major currencies, 1:20 for minor currencies, and 1:10 for commodities.

You are also welcome to take advantage of the complimentary training sessions that FXFlat offers, during which you will have the opportunity to learn from industry experts how to make the best use of leverage.

The highest leverage that can be obtained with FXFlat is 1:200 on spot forex and 1:30 on forex CFDs, and the percentage at which a margin call is triggered is 50%.

A professional offering will have certain restrictions that must be met in addition to higher ratios, and it will only be accessible to professionals who have validated its status.

You may profit from rising as well as falling markets using leveraged trading, which gives you greater market exposure relative to the amount of money you initially had in your account.

It is common practice for forex brokers to entice new traders with promises of enticing deposit incentives. This could be helpful, but it is very necessary to determine what a legitimate bonus is.

A bonus of this kind is just a method of compensating traders for selecting a certain broker, given that once an account is established, the trader will be subject to the same costs as any other participant in the market.

Once the trader has demonstrated that he is an active trader, he will be eligible to get the bonus, which is just a reward for the trader's decision that will reimburse part of the trader's costs.

In addition, the European Securities and Markets Authority (ESMA) has imposed investor protection requirements on the promotion, distribution, or sale of CFDs to retail clients as of August 1, 2018. These regulations have been in effect since that day.

These ban brokers from giving the retail customer with a payment, monetary or excluding non-monetary advantage in relation to the marketing, distribution, or sale of a CFD, other than the realised profits on any CFD that is offered. This can happen either directly or indirectly.

This indicates that a Deposit Bonus is not presently available for use with retail customers at this time.

When a client refers a new customer to FXFlat who then creates an account with the company, the referring client is eligible for a commission. Your personal trading account with the FXFlat securities trading bank will be rewarded with credits from the firm as a thank-you for your participation.

Clients have the opportunity to earn 150 EUR for a first deposit of 500 EUR or 250 EUR for a first deposit of 25.000 EUR or more, depending on the amount of the new customer's initial deposit. In order for this to take effect, there are some terms and conditions that must be met.

The platform is the name given to the forex trading software that is made available to the customers of a broker company and is utilized by those customers in the execution of their trades.

When referring to a platform, the term "multi-asset" refers to the fact that it enables customers to trade not only foreign exchange but also other asset classes, such as contracts for difference (CFDs) on stocks, stock indices, precious metals, and cryptocurrencies. A platform may also be multi-lingual.

What a customer wants to trade will play a significant role in determining which trading platform they should go with; thus, this factor will also be one of the factors they use to select a broker.

The trader has the option of using either the traditional MetaTrader4 platform or the more up-to-date MetaTrader5 platform that is offered by FXFlat.

In addition to this, it provides AgenaTrader, which is well-known for the robust automated trading capabilities and market scanner it provides, as well as StereoTrader, which is an effective tool for automated trading on MetaTrader.

FXFlat supplements its platforms with free add-ons that boost capabilities in a way that is better tailored to fit the individual needs of your strategy.

You can access the various versions of each platform using a personal computer (PC), a Macintosh computer (MAC), or through mobile applications, which enables you to maintain a connection at all times.

Learn why so many individuals choose to do their cryptocurrency trading using this online broker by reading our evaluation of Fxflat. In this comprehensive analysis of Fxflat, we will explain why the company provides a fantastic opportunity to trade BTC/USD CFD pairs via a MetaTrader account. Since it first began doing business in 1997, this German broker has been recognized as a major player in the global stock exchange industry, as you most likely already know. However, we are going to demonstrate why the Fxflat Bitcoin trading service is fantastic news for those living in nations such as the United Kingdom, Australia, New Zealand, and Canada. Continue reading our Fxflat review to get further information on this forward-thinking internet broker.

According to the findings of our analysis of Fxflat, this company runs a website that is both professional and easy to navigate. It has an elegant color scheme that consists of white and blue, and all of the information is presented in a way that is understandable and logical. Despite the fact that the website appears to be a little dated in comparison to other sites, it more than fulfilled its purpose.

The presence of helpful tools in the sidebar, such as live accounts, demo accounts, live chat, and web traders, was something that we particularly appreciated. In addition, this part of the article featured a practical search tool. The bottom of the webpage has a footer with all of the pertinent legal information.

The Fxflat service is available all day, every day of the week, and at all hours of the day. You will realize that it provides you with a knowledgeable and totally accredited means of engaging in professional-grade trading. This is due to the fact that you are provided with the opportunity to use well renowned trading platforms like MetaTrader 4 and 5, AgenaTrader, or the Trader Workstation. When doing a study of Fxflat, it is impossible for us to avoid addressing the fact that the company has developed high-quality trading applications known as MobileTrader and WebTrader.

Nevertheless, Fxflat provides a great deal more for you than merely provide the tools necessary for crypto trading. This is because the website of the company offers a variety of weekly webinars and seminars that will assist you in developing a deeper comprehension of the industry. These kinds of characteristics assist to explain why Fxflat has earned such a good reputation over the course of the last few years.

How exactly do you engage in the trading of cryptocurrencies with Fxflat? You will need to register for an account with Fxflat as the first thing that you will need to accomplish. This may be accomplished in a very short amount of time. To establish either a MetaTrader Live Account or a Trader Workstation account, you need just to select one of the buttons located on the homepage and click on it. For the most part, all you'll need to do in order to trade the brand's Bitcoin CFDs is make use of the MetaTrader choice.

You will first be prompted to input some contact information, after which you will be presented with a variety of options to choose from. After that, you will be asked to make the initial deposit into your account. After reaching this point, you might be required to input some further personal information before being asked to verify your identity online.

Your trading account will be made active once you have completed all of these steps. This indicates that you will be able to utilize the MetaTrader platform without any restrictions in order to determine the quantity of Bitcoin/USD CFDs that you desire to purchase or sell. It is important to keep in mind that the same platform may be used to trade on everything, including futures as well as FX. Having fun with internet trading is currently more convenient than it has ever been.

According to the findings of our Fxflat review , the broker provides you with a variety of alternative opportunities to contribute cash to your account. To make a deposit, all you need is a credit card or debit card from a reputable company like Visa, MasterCard, or Discover. Additionally, there is the option to make cost-free deposits through the use of PayPal. Skrill and Neteller are two other electronic wallets that may be used at Fxflat.

Transfers through Bank Transfer Credit Card PayPal Skrill and Visa are Accepted.

In most cases, the minimum amount of the deposit will be at least fifty euros. In contrast, our analysis of Fxflat discovered that in order to register a MetaTrader account, your first deposit may need to be at least €200. When it comes to a Trader Workstation account, this sum can go up to €2,000.

We were very pleasantly surprised to learn that Fxflat does not levy any fees on its users for making deposits or withdrawals using the platform. You should keep in mind, however, that different payment providers could tack on additional fees to your online transactions. To let you know, you are able to make a withdrawal by requesting a bank transfer, and it should take no more than two banking days for the funds to appear in your account.

Before you commit to using a broker's services, it is critical to investigate the costs associated with doing so. This is due to the fact that things like fees and charges can have a significant bearing on the profits that you receive from your investments.

The good news is that our analysis of Fxflat discovered that this broker charges fees and commissions that are fairly inexpensive. This is due to the fact that the company will incorporate all of its fees into the spread of the CFD that is being utilized for your cryptocurrency trading. According to our research, the spread for Bitcoin transactions at Fxflat is rather low, coming in at roughly 35 pips, which is a significant reduction over the spreads offered by other online brokers.

However, additional fees may be incurred for other investments conducted with Fxflat. You won't have to pay any fees to manage your portfolio, but options trading will cost you €1.90 per contract and futures trading will cost you €0.90 per contract. Starting at 0.9 pip spreads are available for trading on the DE30 CFDs. After reading this Fxflat review , you will understand that this broker provides an online trading solution that is both reliable and affordable.

A review of Fxflat would not be complete without a discussion of the many customer assistance alternatives offered by the firm. This is due to the fact that there will frequently come a point when you will want assistance with something, whether it be setting up your account or making a withdrawal.

As a result, our Fxflat review  was pleased to see that the customer support team for the company is prepared to answer any questions you may have. You are more than welcome to get in contact with a member of the Fxflat customer support team at any time, day or night, seven days a week. Utilizing the live chat service that is accessible through a link in the website's sidebar is the simplest approach to accomplish this goal. There is support for both the English language and the German language.

On the other hand, an email address for customer care may also be found at the very bottom of the page if you scroll down far enough. In addition to that, you have the choice to ask for a callback. In the course of our assessment of Fxflat, we discovered that each member of the customer care team was knowledgeable and has relevant certifications. All of this adds up to the conclusion that you won't need to worry about your safety at Fxflat.

Investigating the licensing and regulatory framework of an online broker is something that should never be ignored. According to the findings of our Fxflat study , the company has been subject to oversight from the Federal Agency for Financial Services Supervision and BaFin from the year 1998. Since 2015, Plus Fxflat has been an established name in the securities trading banking industry. Because of this rule, Fxflat is required to offer its clientele an online trading platform that is both trustworthy and compliant with all applicable laws.

The fact that the Fxflat website is entirely secured was another thing that wowed us about the company. Because of the SSL-level encryption technology, all information that travels between your browser and the site will be protected at all times. This ensures that your data is in good hands at all times. This ensures that no other individuals will be able to access any of the data that has been transmitted. Just so you are aware, your deposits will be kept in separate accounts that are guaranteed by the German Deposit Guarantee up to a maximum of €20,000 per individual customer.

Our review of Fxflat is just one of many places on the internet where this online broker has been given a lot of acclaim. We are aware of the fact that the company has been recognized as the CFD and Forex Broker of the Year by a number of highly regarded financial websites. It was awarded the title of Best Online Broker as recently as the year 2020. This came as a direct result of the Top Broker award that was given out by Fuchsbriefe and the Deutsches Kundeninstitut in 2018.

In 2013, the company was given honors for having the Best Customer Service, and in the same year, it also received the Reader Award at Borse am Sonntag. Other awards that the company has won include: All of this information leads to an online broker website that has a very good reputation.

After reading our evaluation of Fxflat, you will realize that this broker provides you with a simple approach to invest in the fluctuating price of Bitcoin. This website only offers contracts for difference (CFDs) for Bitcoin, which may be disappointing to crypto aficionados who take their hobby very seriously. However, we believe that this still provides you with a respectable approach to begin trading in this cryptocurrency without having to be concerned with the process of establishing a cryptocurrency wallet.

First and foremost, Fxflat provides you with a risk-free and user-friendly platform to engage in trading across a broad variety of goods. The company adheres to all applicable regulations, and its customer service and support staff are well trained and attentive. In addition, we are obligated to acknowledge that the included MetaTrader program made it a breeze to get started with the investment process. All of these factors contributed to a very favorable rating of Fxflat.

FXFlat is a broker that has been in business since 1997 and gives clients access to a wide variety of financial markets. Through their MetaTrader account, FXFlat customers have access to CFDs, futures, and spot currency trading. Access to stocks, options, futures, bonds, exchange-traded funds (ETFs), mutual funds, and CFDs is made available by FXFlat through the Trader Workstation (TWS) platform. FXFlat is an introducing broker for Interactive Brokers. Since 1998, the corporation has been subject to the oversight of the German Federal Financial Supervisory Authority (BaFin), which has its headquarters in Ratingen, which is located near Düsseldorf. FXFlat has been recognized as one of the finest financial service providers in Germany for 2022 by the FAZ Institut, in addition to having earned a number of honors from the industry.

We rated FXFlat based on their performance in nine different categories, including Trust and Stability, Fees, Tradable Instruments, Account Types, Deposit and Withdrawal, Research, Customer Support, Education, and Platform and Tools.

FXFlat achieved an exceptional level of success in the field of trust as a securities trading bank licensed by BaFin. The company has also been in business for 25 years.

FXFlat also beat the competition when it came to fees because of the company's low expenses, low spreads, and tight spreads.

Because we only had access to a restricted amount of information, we discovered there was opportunity for improvement in the research area.

Free sample accounts and helpful customer care are also available to help new users get started.

Advanced traders may take advantage of MetaTrader 4 MultiTerminal's narrow spreads, access to spot FX and futures markets, MetaTrader add-ons, and the ability to handle numerous accounts simultaneously.

As a securities trading bank, FXFlat provides a high level of stability because it is licensed by BaFin and has been in business for a very long time. In addition, Lloyds of London provides insurance coverage for customer accounts of up to €500,000 per claim. MetaTrader gives users the ability to trade in spot FX as well as futures markets in addition to CFD trading. Spot FX trading takes place directly through the interbank market, and traders have access to a leverage ratio of 1:200. Forex Contracts for Difference (CFDs) are a type of derivative instrument that can have a maximum leverage of 1:30.

Experienced traders who are searching for narrow spreads, minimum fees, and advanced trading platforms will find FXFlat to be the most suited option. Add-ons such as MetaTrader Plus, which can be linked into the MT4 or MT5 trading platforms and are used for analyzing and reporting trading transactions, are popular among more experienced traders and are appreciated by those traders. Account users with MetaTrader have access to not one, not two, but three other trading platforms: ATAS, AgenaTrader, and StereoTrader.

Negative balance protection is provided to customers of FXFlat, which is supervised by the German Federal Financial Supervisory Authority (BaFin). Additionally, customers' cash are kept in a separate account. The maximum amount of coverage provided by statutory deposit insurance is €20,000 per investment. In addition, FXFlat offers insurance coverage of up to 500,000 Euros, which is underwritten by Lloyds of London. According to our evaluation, FXFlat possesses a high degree of both transparency and trustworthiness.

When it comes to trust, one of the aspects that we lay the greatest emphasis on is how a broker is regulated. In this part, we will discuss the regulatory control that FXFlat provides, as well as the safeguards that it offers to its customers.

The Federal Financial Supervisory Authority (BaFin), with the identification number 10109603, has granted authorization and regulation to FXFlat Bank AG. We place BaFin in the Tier 2 category for regulators.

Why is it essential to be aware of the jurisdiction that governs your broker's subsidiary (entity)? There are several tiers of protection, each provided by a unique regulator. For instance, a regulator based in an offshore jurisdiction could not impose any requirements for negative balance protection, segregated accounts, or a fund to reimburse customers in the event that a broker goes bankrupt. It's possible that other regulators will guarantee all of these things.

FXFlat segregates customer money from business funds. The Investor Compensation Act affords clients a level of statutory protection that is equal to or more than €20,000.00. In addition, FXFlat has protected its customers by purchasing insurance from Lloyds of London in the amount of up to €500,000 per customer.

When conducting our evaluations under the Trust category, we take into account a variety of aspects, including those pertaining to stability and transparency. In this section, we concentrate on the length of time that the broker has been in business, the size of the organization, and the degree to which they are transparent in terms of the information that is easily accessible.

The fact that FXFlat has been in business for the past 25 years places it among the oldest forex and CFD brokers in the industry. Over fifty people are employed by the business, which has its headquarters in the city of Ratingen in Germany.

According to our findings, FXFlat exhibited a high level of openness in their regulatory status, as evidenced by a concise explanation provided in the About Us part of their website.

On the Conditions page of the FXFlat website, you will receive a comprehensive explanation of the pricing and costs associated with using the service. We think it's great that the Who we are page provides information about the company's management as well as its history. The legal document describing the Terms and Conditions may be found at the footer of the website.

According to our evaluation, the amount of openness offered by FXFlat is above and beyond what is considered typical for the sector.

In this regard, FXFlat stands out because to its low spreads as well as its lack of account maintenance and inactivity fees. When it comes to fees, we place FXFlat higher than the industry average.

Futures trading on FXFlat incurs commission fees, the amounts of which are contingent on both the contract and the number of trades.

At FXFlat, the swap costs, which are the cost of maintaining a position overnight, were around average.

You may find the Swap Long (the cost/credit of retaining a buy position overnight) and the Swap Short (the cost/credit of keeping a sell position overnight) for one full-sized contract in the table that is below. Both of these values are expressed in terms of one complete contract. One hundred thousand units of the basic currency make up a full-sized contract (the first currency quoted in the pair).

There are no costs associated with creating an account, cancelling an account, maintaining an account, or being inactive on an account with FXFlat.

Are FXFlat's Fees Comparable to Those of Other Brokers? We were quite pleased with the pricing structure of FXFlat, and we consider this broker to be among the most competitive within the sector.

FXFlat offers MetaTrader 4 and MetaTrader 5 for PCs. These include more complex services like automatic trading and copy trading, for example.

MetaTrader 4 is presently localized into 39 different tongues, ranging from Arabic to Vietnamese. The platform offers a variety of popular features, including:

Alerts. Traders are able to receive notifications whenever an instrument reaches a predefined price level thanks to this function. MT4 can transmit warnings by voice, email, or push notification to a mobile device.

Watchlists. Traders have the ability to compile a list of their preferred instruments and view real-time price quotations in a panel labeled "Market Watch."

Trading with a single click. Traders may now execute orders with a single click and without the need for secondary confirmation thanks to this innovation. The ability to place a deal with only one click saves time and is especially helpful for traders who focus on short-term investments.

Making trades based on the chart. Users of MT4 have the added benefit of being able to conduct trades without leaving the chart.

MetaTrader also delivers in terms of the variety of order types that are made available to users. The following sorts of orders are available through the platform:

Market Order. An order to purchase or sell an instrument at the best current price that is currently available.

Limit Order. An order to buy or sell an instrument at a price that is either equal to or better than the one stated.

Stop-Loss Order. An order to purchase or sell an instrument that becomes active when the price reaches a certain level that was previously determined.

Stop Order in Trailing Position A stop-loss order that has the capability of being set at a predetermined percentage or dollar amount away from the current market price of an asset. When you are in a trade that is profitable, using trailing stops will help you to lock in your profits so that you do not have to close the position.

The charting capabilities of MetaTrader are rather advanced. The MetaTrader 4 platform provides:

30 different types of technical indicators Traditional trend indicators, volume indicators, and oscillators are included in this category.

23 items for analytical study Tools like as lines, channels, Gann, and the Fibonacci sequence are included here.

9 time frames There are nine different time periods that may be presented for each instrument, ranging from one minute to one month.

There are three sorts of charts. Bar charts, Japanese candlestick charts, and line charts are the three primary options available to traders.

MetaTrader's copy trading and automated trading features both contribute to the platform's widespread use.

Trading Signals. Users of MetaTrader 4 have the ability to automatically mimic the trading behavior of other users through the use of Signals.

Trading done automatically. Users of MetaTrader 4 are given the ability to create, test, and implement Expert Advisors (EAs). EAs are computer programs that monitor financial markets and trade based on predetermined algorithms. They look for opportunities based on the parameters that have been established, and whenever they locate one, they either generate a notification or immediately open a transaction.

One of the most popular and feature-packed trading platforms in the world is the desktop version of MetaTrader 4, which is available. It does not have the most aesthetically pleasing interface, and it takes some time and effort to learn how to use it, but these are characteristics that are typical of more complex systems.

The MetaTrader Desktop Platform has several features that are not available on the Web-based MetaTrader Web Platform, often known as Web Trader. Trading may be done without the need for any additional software or hardware; all that is necessary is an internet connection. Through the usage of the Web Platform, users are able to trade immediately from any web browser and operating system.

Copy trading and automatic trading are two additional features that are exclusive to the desktop version of the MT4 platform.

FXFlat provides its customers with the MetaTrader 4 mobile app, which can be downloaded on both Android and iOS devices and is used for mobile trading. The application provides useful functions like as notifications, trading with one click, and trading directly from the chart.

The MetaTrader 4 mobile app also offers a diverse selection of order types, such as pending and stop-orders, for users to choose from. On the other hand, trailing stop-loss orders may only be placed from the desktop platform. It is necessary to modify the language setting for your complete phone if you wish to alter the language used by the MT4 app. The MT4 app has a wider variety of capabilities than is typical, while having a user interface that is not the most straightforward.

Straight Through Processing (STP) is the type of broker that FXFlat is. The Straight Via Processing (STP) model is a type of forex brokerage that sends customer orders straight to the market rather than going through a dealing desk first.

FXFlat provides a comprehensive selection of tradable instruments, which may be accessed through one of two account types. Futures, spot FX, and contracts for difference (CFDs) are all accessible through the MetaTrader account. Access to shares, options, futures, bonds, exchange-traded funds (ETFs), mutual funds, and CFDs is available through FXFlat's use of the Trader Workstation (TWS) platform. FXFlat is an introducing broker for Interactive Brokers.

Contracts for differences, often known as CFDs, are a type of financial derivative instrument that enable investors to speculate in multiple markets without really holding the assets that are being traded. The following are examples of instruments that may be traded on FXFlat:

54 different currency pairs A currency pair consists of two distinct currencies, with the value of each currency being quoted in relation to the value of the other currency in the pair. For instance, the EUR/USD pair displays the value of one euro as expressed in terms of another currency, the dollar.

14 contracts for difference based on an index A market sector, the stocks on an exchange, or an entire nation's economy may all be evaluated with the use of an index, which is a collection of trading instruments.

CFDs on 11 different cryptocurrencies Cryptocurrencies, such as Bitcoin, are digital money that are protected by encryption. Examples of cryptocurrencies include Bitcoin.

206 Stock CFDs. A stock is a type of instrument that reflects a shareholder's proportionate ownership in a company. When trading stock CFDs, it is important to keep in mind that you are making a speculation on the price of a stock without really owning ownership of the firm that the stock represents.

4 Commodity Contracts for Difference. Raw materials, including gold, oil, and metals, are examples of commodities.

Support is available by phone, chat, and email around the clock, 24 hours a day, 7 days a week. During the course of our tests, we frequently encountered prompt answers, and our inquiries were always adequately addressed. We feel that FXFlat's customer care is above par when compared to other companies in its industry.

FXFlat offers help in German, English, Dutch, and French around the clock, every day of the week. The replies from support were lightning quick everywhere. We were able to get in touch with an operator fairly instantly using the chat feature. The customer service representatives at FXFlat returned calls in a matter of rings. The vast majority of email requests received responses the same day.

We put assistance to the test by asking a variety of queries, including topics such as what factors into the definition of a professional customer and whether or not FXFlat charges commissions for CFDs on shares. All of our inquiries were addressed and resolved successfully. We submitted a significant number of enquiries to the customer service department, and based on our findings, we determined that FXFlat offers dependable customer service.

Customers of FXFlat have a number of options available to them when it comes to making deposits, including bank transfers, credit/debit cards, and digital wallets. Both making deposits and taking money out is completely free. The most common option for cashing out is by a bank transfer, which can take anywhere from one to three business days to complete.





Individuals may start an account with FXFlat in as little as ten minutes by submitting their information through the company's website, which is completely digital and paperless. The most important factor in determining the sort of account you have is whether you trade on MetaTrader or Trader Workstation (TWS).

Prospective customers of FXFlat are required to give the following information in order to register a MetaTrader account with the company:

You have the option of trading on the MetaTrader or Trader Workstation (TWS) platforms.
Name.
Email.
The amount of the first investment, with a minimum of €200.
Instruments Used in Trading
Platform (MetaTrader 4, MetaTrader 5, AgenaTrader, ATAS) Extension (without, StereoTrader, MetaTrader Plus, StereoTrader Plus Volume Profile Add-On VPOK)
Address.
Birthdate.
Marital status.
Nationality.
whether or whether you hold citizenship in another country.
the location of the birth.
birthplace or native land
Your nation of residence for tax purposes.
Tax ID.
Category of customer (private or professional).
Whether or if you are someone who is politically visible.
the nature of the employee's job (employed or civil servants, self-employed, other).
Occupation.
Please enter the answers to the three security questions.
Trading Experience (choice of stocks, investment funds, exchange-traded funds, certificates or fixed-interest bonds, interest-bearing products, savings accounts, or derivatives, futures, CFDs, and FX)
Trading Years of Experience for Money.
The total number of transactions that have taken place during the previous three years.
Estimated value of the asset.
Available money.
Earnings forecast for the year.
The nature of the capital that was invested (risk capital, necessary for livelihood).
Regardless of whether you are trading for your own account or not.
Name of the account holder, name of the bank, IBAN, and SWIFT codes for the reference account
Use your passport as well as a recent bank statement to prove who you are and where you live.
Demo and professional accounts are also available with FXFlat.

Demo trading accounts are available for MetaTrader 4, MetaTrader 5, and Trader Workstation with FXFlat (TWS). Beginners can benefit greatly from using demo accounts since these accounts enable them to practice their trading methods and become familiar with the trading platform without having to risk any actual money.

Demo accounts for MetaTrader 4 and MetaTrader 5 have live quotations and replicate live market conditions in a variety of asset classes, including foreign exchange (FX), CFDs on commodities, indices, and stocks, and more. Users may quickly transition from a demo account to a real one once they have gained sufficient experience using the demo account.

Customers that are categorized as professionals have access to greater levels of leverage, which can go up to 1:200 for CFDs. To be considered a professional customer, you need to meet at least two of the following three requirements.

Over the course of the previous year and a half, you have completed an average of ten deals of notable magnitude every single quarter.

You have more than €500,000 worth of investments in your portfolio, which also includes savings and other financial instruments.

You have at least one year of experience working in the financial markets.

There is no such thing as a swap-free Islamic account available through FXFlat.

The significant degree of leverage that is now accessible is one of the features that traders find appealing about the CFD and FX markets. To expand the size of your trading positions beyond what would be achievable with only the cash that is now available in your account, you may make use of something called leverage. Leverage is the utilization of borrowed money.

When using a normal MetaTrader account, the highest possible leverage available for trading CFDs is 1:30. This indicates that with an account balance of only €1,000, you have the potential to hold positions in the market worth up to €30,000. If you are considered to be a professional, you will have access to leverage that may reach as high as 1:500. This indicates that with just one thousand Euro, you have the potential to manage up to half a million Euro's worth of positions.

One of the most common metaphors for leverage is that of a "double-edged sword," referring to the fact that it has the potential to both aid and harm the user. Traders need to keep in mind that it has the potential to magnify both their gains and their losses.

The vast majority of nations throughout the world are represented among FXFlat's clientele. However, FXFlat does not work with customers based in Iran, North Korea, or the United States of America.

On its website, FXFlat provides users with an economic calendar; however, the company does not provide any in-house market commentary or research. In this area, we discovered some potential for improvement that may be of use to both novice and experienced traders.

There are instructive webinars provided by FXFlat a couple of times every week, however only the German language is supported for such webinars. The training resources provided by FXFlat have room for expansion, particularly in the areas of beginning and expert trading content.

FXFlat offers something that no other company does, and it has numerous major advantages. The fees are far lower than those of most forex and CFD brokers, comprehensive trading platforms are made available, and the selection of markets that can be traded in is significantly larger. The reliability of the customer service is a feature that is essential for traders of all experience levels. We gave FXFlat an excellent rating as a trustworthy broker, and the fact that it offers traders private insurance from Lloyds for amounts up to €500,000 means that they do not have to worry about the safety of their money. Research and education are two areas in which this broker might strengthen their skills.

License issued to FXFlat by FXFlat Wertpapierhandelsbank GmbH, which is approved by BaFIN (Germany)

FXFlat is a German independent online broker that has been in business since 1997 and has, since that time, acquired a number of awards for the trading conditions it provides and the variety of services it provides. Futures, contracts for difference (CFDs), and foreign exchange (Forex) trading make up the product range that FXFlat offers, and the company provides its customers with cutting-edge technology and unrivaled support while adhering to all applicable legal requirements.

FXFlat has been in business for a significant amount of time, and during that time it has consistently increased the scope of its services and emphasized the significance of providing high-quality support. This support has taken the form of education and advanced training delivered via webinars or seminars.

As part of the FXFlat ideology, the firm is a member of the CFD Verband e.V., an organization whose mission is to advance both investor protection and transparency in the CFD market in Germany. This membership helps the company support the growth of the CFD market in Germany. Additionally, FXFlat has an active part in social obligations, as seen by its support for a variety of social institutions and hospitals.

FXFlat is a trustworthy trading broker that offers a regulated proposition, a good selection of trading instruments, quality assistance, and enhanced educational opportunities. Fees are reasonable, and there is a diverse range of platforms to choose from.

On the flip side, the available instruments are restricted to CFDs and forex, and there is not assistance available around the clock.

In point of fact, throughout the course of many years during which it has been in business, FXFlat has garnered really great recommendations and respect from both the traders it serves and the various industry awards it has won.

Because of the restrictions, FXFlat is not a scam and is a legitimate broker.

Wertpapierhandelsbank GmbH is a securities trading bank that was founded in Germany and operates under German law. In addition, the company functions as a significant introducing broker. FXFlat is a fully regulated and approved broker by the highly regarded BaFin, and its headquarters are located in Ratingen, which is located close to Dusseldorf.

BaFin is a German institution that ensures the integrity and transparency of the financial industry. The conditions and regulations that BaFin imposes on the sector also correspond with the European ESMA and MiFID rule sets.

Regulatory obligations obviously deliver to you as a trader the clear fact that the company is entirely legitimate, continually supervised, and transparent in the trading or investing service that it offers. Therefore, and to put it another way, BaFIN protects investors and guarantees the circumstances under which FXFlat traders and customers conduct business.

As long as you establish an account with FXFlat, you are eligible for a number of assurances that will be applied to the processing of your funds and money. In addition, accounts are protected by the German compensation institution as part of the regulatory responsibilities imposed by BaFin. On the other hand, a broker is subject to stringent restrictions for the protection of deposits and the complete separation of deposits from firm money.

You may profit from rising as well as falling markets using leveraged trading, which gives you greater market exposure relative to the amount of money you initially had in your account.

However, due to the fact that FXFlat is a European licensed broker, it provides reduced ratios to retail traders. The leverage for major currencies is 1:30, while it is 1:20 for smaller currencies and 1:10 for commodities.
You are also welcome to participate in the free training that FXFlat offers, which is led by trained speakers, in order to gain an understanding of the most effective approach to apply leverage.

However, a professional offering will feature some circumstances with greater ratios, but it will only be accessible to experts who have verified its status.

FXFlat does not provide users with the option to choose from a variety of account types; instead, the company has designed its proposition on a single account, via which users will have access to all instruments as well as account management. The sole difference is determined by the base currency, which may either be a DE account or a GB account and is accessible through the MT4 platform.

Naturally, money managers will also apply for a specialized account known as a corporate account, which is offered with individualized solutions and can operate on a MAM or PAMM basis.

The majority of the FXFlat trading conditions, as well as the FXFlat spread, which is a trading fee that is applied to your transaction, are incorporated into the spread or commission, depending on the instrument. Consider fees such as financing fees or inactivity fees when looking at the whole charge structure.

You may view some of the criteria that apply to trading Equity or Share CFDs by referring to the picture that has been provided for you below as an illustration. FXFlat offers extremely competitive circumstances with a low spread for Bitcoin of around 35 pips, whilst the bulk of brokers give a spread of approximately 50 pips for the same instrument. This was something that we discovered in the end.

Our final topic for discussion in this FXFlat Review is the process for depositing cash into your trading account. Card Payments, Bank Transfers, PayPal, Skrill, Neteller, and iDEAL are some of the most prevalent payment options that are supported by FXFlat.

The first minimum deposit required to use FXFlat is 200 Euros, however any subsequent deposits only only 50 Euros to be made as a transfer amount.

FXFlat advertises that there are no costs associated with deposits or withdrawals, and users have access to a number of different withdrawal alternatives, including the ability to withdraw money using PayPal. However, you should always verify with customer support and your payment provider in case there are any costs owing to foreign regulations or stated circumstances that may impose additional fees onto you. If there are any, you will be responsible for paying such fees.

The technical side of the FxFlat Review is about the trading platforms and software itself, both of which you will be utilizing to execute orders. At this time, FXFlat has made it a wonderful choice between high-performing tools like the MetaTrader4 and MetaTrader5 as well as StereoTrader or AgenaTrader.

Therefore, you have the option of sticking with AgenaTrader, which is well-known for its robust automated trading capabilities and market scanners, or using the industry standards MT4 and its more recent version, MT5.

Even if you are already making use of MT's technical solution, StereoTrader will take your trading to the next level with its highly developed and effective tool for automatic trading on MetaTrader.

In addition to this, FXFlat went one step further and accompanied their platforms with free add-ons that boost features tailored to better fit your strategy. Naturally, every platform is offered in a variety of variants, each of which is compatible with a personal computer (PC), a macintosh computer (MAC), or mobile apps, allowing users to remain connected at all times.

Last but not least, the educational resources provided by FXFlat are highly suggested for your consideration. Knowledge is vital for every kind of trader, and FXFlat will assist you in this regard as well.

In general, the FXFLat Reviews and brokers trading opportunity is a solid decision. This is due to the fact that FxFlat has been in business for a very long time, in addition to the conditions it provides. If you decide to go with FXFlat as your broker, you will not only benefit from reduced trading costs, but also from tried and tested trading technology, high-caliber educational opportunities, and complete transparency throughout the entire process. According to our analysis, this combination is one that novice as well as experienced traders would be wise to take into consideration.

Sites like FXFlat in the UAE

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Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.