Independent rating of Forex broker FxFlat

About company

FXFlat is owned by Wertpapierhandelsbank, which is part of HKK-Invest Corporation founded in 1997. Over 20 years, FXFlat has opened offices in China, Singapore, Australia, Turkey, the United Arab Emirates, Bulgaria, Japan, Pakistan, Thailand, and Cyprus. The broker offers its clients trading on 135 exchanges in 33 countries. The broker is regulated by the Federal Agency for Financial Services Supervision (BaFin), which focuses on the management of financial assets. Supervision by BaFin obliges the broker to adhere to strict rules regarding the conduct of financial activities. For instance, the nominal capital of FXFlat must be more than $1 million and the company has to have a clear reputation, namely no lawsuits should be opened against the forex broker.

Trading conditions

• more than 120 currency pairs
• CFD on shares and indexes
• binary options
• minimum deposit of €200
• 4 account types
• 4 options of trading platforms
• managed account function with the opportunity of supervising the account by professional managers
• commission-free portfolio
• demo account
• affiliate program
• no fees for transaction
• automated trading
• hedging

Trading platform

The broker’s clients can choose from 4 types of trading platforms:

MetaTrader 4

• forex and CFD trading
• opportunity to apply expert advisor strategies for automated trading
• detailed analysis of charts
• reports and tools for more accurate analysis
• indicators with manual adjustment function

MetaTrader 5

• technical analysis and automated trading
• unlimited number of interactive charts
• 80 indicators and tools for technical analysis
• financial news and economic calendar
• unique algorithm for trading

AgenaTrader

• access to more than 150 indicators
• links to drag-and-drop orders
• high-performance online scanner
• compliance with MS-Visual Studio
• large array of functions to speed up trading

StereoTrader

• designed to increase the efficiency of manual trading
• access to additional information and main parameters
• advanced statistics
• detailed information about results of all closed transactions
• break-even lines for large trades

Support service

Clients can contact the support service via email, live chat or by the phone numbers specified on the official website. The customer support works 24/5.

Traders’ reviews

As it usually happens, it is hard to make a comprehensive opinion about the broker based on traders’ reviews. The company’s clients have left so many comments with a different emotional connotation. Some investors call the company a fraudster accusing it of stealing money and making it impossible to withdraw money. Others, on the contrary, consider FXFlat a reliable and honest partner that supports traders in every possible way as well as offer them bonuses, promotions, favorable trading conditions, and a large array of trading tools.

Advantages:

• demo account for newbies
• proven regulator
• low spreads
• bonuses, promotions
• great deal of training materials
• wide choice of trading software
• quick and easy registration
• affiliate program

Disadvantages:

• bugs in trading terminals
• requotes
• problems with money withdrawal