FXFlat Bank GmbH Account Type

FXFlat Bank GmbH offers various types of trading accounts tailored to meet the needs of different traders. The account types include:

• Cash Account:
• Minimum Age: 18 years
• Minimum Account Amount: No minimum amount
• Margin Trading: Not possible; securities must be fully paid.
• Tradable Products: Shares, options (long positions and covered short positions).
• Short Sales: Not allowed.
• Day Trading: Allowed, but only within the limits of the available cash balance.
• Margin Account:
• Minimum Age: 21 years
• Minimum Account Amount: EUR 2,000 or equivalent in other currency; otherwise treated as a cash account.
• Margin Trading: Possible if collateral is deposited and if the traded value exceeds the cash balance.
• Tradable Products: All products.
• Short Sales: Allowed.
• Day Trading: Allowed.
• Corporate Account:
• Designed for businesses, requiring specific documents such as a LEI number, company tax number, and proof of address.

FXFlat Bank GmbH Broker Account Opening Process

To open a brokerage account with FXFlat Bank GmbH, follow these steps:

• Application: Fill in the application form available on the FXFlat website.
• Documentation: Prepare necessary documents:
• Identity card or passport.
• Proof of address (e.g., utility bill).
• For corporate accounts, additional documents such as a commercial register extract and tax identification number are required.
• Legitimation: Verify your identity, which can be done online or in person.
• Capitalization: Once your account is approved, you can deposit funds in the desired currency.
• Trading: After capitalization, you can start trading using the FXFlat trading platform.

The entire process is designed to be user-friendly and typically takes 1-3 days to complete. There is no minimum deposit required to open a brokerage account.