FXFlat Forex Broker

FXFlat Review SummaryFounded2006Registered Country/RegionGermanyRegulationBaFin (Exceeded)Market InstrumentsCFDs, Futures and Spot ForexDemo Account/LeverageUp to 1:282 (futures)Spread/Trading PlatformMetaTrader 4 and MetaTrader 5Minimum Deposit/Customer SupportLive chatEmail: service@fxflat.comPhone: +49 210210049400Facebook, Instagram, LinkedIn, YouTube, TwitterFXFlat Information FXFlat is a German brokerage firm operating as a market maker. It is regulated by the Federal Financial Supervisory Authority (BaFin), known for its strict financial oversight. However, its license was exceeded.Pros and ConsPros Cons MT4, MT5 availableExceeded licenseLive chat supportLack of transparencyFree account managementCommission charged for futures tradingFree CFDs tradingVarious payment optionsIs FXFlat Legit? FXFlat is supervised by the German Federal Financial Supervisory Authority (BaFin) under license number 109603. However, it was exceeded.Regulated CountryRegulated AuthorityCurrent StatusLicense TypeLicense NumberGerman Federal Financial Supervisory Authority, BaFinExceededCommon Financial Service License109603What can I Trade on FXFlat? FXFLAT offers trading services on CFD-Trading, Futures and Spot Forex.Tradable Instruments Supported CFDs✔Futures✔Spot Forex✔Options❌ETFs❌Stocks❌Account Types FXFlat offers two types of accounts: Standard Account and Professional Account. However, the minimum deposit requirement is not revealed.Leverage XFLAT provides flexible leverage options tailored to different asset classes, enabling traders to optimize their strategies while managing risk.AssetsLeverageFuturesUp to 1:282Spot forexUp to 1:200FXFlat Fees Account management services are free of charge, and CFDs trading does not charge any commission fees. However, fees are charged in futures trading, varying between €0.80 and €5.90 per contract.Trading Platform FXFLAT supports both a proprietary MetaTrader 4 (MT4) and the MetaTrader 5 (MT5) platform.Trading PlatformSupportedAvailable Devices Suitable for MetaTrader 4 (MT4)✔mobile, desktopBeginnersMetaTrader 5 (MT5)✔mobile, desktopExperienced traderDeposit and Withdrawal FXFlat different types of payment options, including iDeal, Mastercard, Maestro, VISA, Paypal, Skrill, and Klarna. As for bank transferring, customers can deposit funds into FXFlat Bank in EUR. The minimum initial deposit is not clear, but a minimum amount of 50,00 EUR is required for further deposit.