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Our full FXFlat review will be coming soon.
FXFlat has been in business since 1997, and it is part of Wertpapierhandelsbank GmbH. It is a fully licensed business and has been so since 1998 – a year after it was founded. Its overseeing body is the Federal Agency for Financial Services Supervision (BaFin). FXFlat is known for being a reputable broker, and its website demonstrates its legitimacy in a number of ways. Such as by including a link to the European Platform for Online Dispute Resolution in case you encounter problems.
When it comes to commissions and fees, the picture at FXFlat is – on the whole – positive. FXFlat does not charge commissions, generally speaking; instead, it charges a proportionate fee based on the difference between the sale price and the buy price. Some of these fees are comparatively quite cheap, such as the 0.8 pips per lot fee which have been recorded for the EUR/USD foreign currency pair. It is worth noting; however, you need to put down €200 euros to get started with trading – so if you make substantial losses as a result of your first few trades, your deposit could be wiped out.
FXFlat provides a wide range of trading platforms for customers to make the most of. Meta Trader 4, which is one of the industry’s most widely-used platforms, is available, as is the even better and more updated version – Meta Trader 5. This is still not commonplace in the trading world, so it marks FXFlat out. And if you prefer something even more technical, you can use the Agena Trader platform which is also offered by the broker.
FXFlat provides a wide range of customer service options. On its contact page, you will find a contact form for easy submission of queries, and this can be used 24 hours per day. If you want to chat on the phone, you can call one of several services: there is one number for customers calling from within Germany, and another for customers calling from abroad. These hotlines are open 24 hours a day for five days per week. There is also a live chat function – which could be useful if you want to get answers straight away.
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