|Trading software||FlatTrader, MetaTrader4|
|Headquartered||FXFlat Wertpapierhandelsbank GmbH Kokkolastr. 1 40882 Ratingen Germany|
Online broker FXFlat is a subsidiary of the German financial holding Heyder Krüger & Kollegen GmbH and Wertpapierhandelsbank GmbH. Forex broker FXFlat has been working on global currency markets for almost twenty years by now, since 1997. The brokers services and products are regulated by Federal Agency for Financial Services Supervision (BaFin). Besides FXFlat trading is a member of Contracts for Difference Verband e.V. Forex FXFlat provides its customers with comfortable trading conditions and all the tools inherent for trading the most demanded assets on contemporary financial markets.
FXFlat trading conditions include low spreads starting from 0.8 pips and leverage reaching 400:1. The trading platforms offered by FXFlat are FlatTrader, MetaTrader, Webtrader amd Mobile Trader for iPhone and iPad. The traders can also benefit from partnership program and various bonus offerings. All the info concerning actual promotional programs can be found on the news section of the FXFlat official web site. Besides the broker daily provides traders with all the financial data indispensable for trading including economic calendar, daily market review and fundamental analysis.
The wide range of financial assets available for FXFlat customers includes derivatives, options, futures, precious metals, stocks, shares, commodities and much more. So any trader and investor will find a suitable asset with the broker. Being offered direct access to currency markets the customers get instant execution of their orders at the best liquidity available. The possibility to apply any trading strategies will also attract the attention of a wide range of traders both professionals and novices. Client oriented service FXFlat & Partner is always at hand to help in solution of most customers’ issues arising during from registering an account to profit withdrawal.
|Address||FXFlat Wertpapierhandelsbank GmbH Kokkolastr. 1 40882 Ratingen Germany|
|24 hour support|
|Forex contests, competitions|
|1st deposit bonus|
|24 hour trading|
|Digits after the dot in quotes||5|
|Minimum position size||0.01|
|Pip spread on majors||0.8-2|
|Standard account, $||100|
|Mini account, $||100|
|Other payment methods|
|Popular payment methods||bank transfer, credit cards, WebMoney, PayPal|
|Account currencies||EUR, USD|
|Other instruments||CFD for shares, futures, options, precious metals, oil|
|Broker type||Broker, ECN|
This broker is organized in a way that allowed me to apply trading style that suits me best. In my case, my main focus was to double account balance for 6 months using small trades on small account. During trading, I noticed that almost every trade I made has strong short-term profits but not working in opposite direction. My problem was timing the entry that was not optimized for buy positions and appropriate timeframe. Using another timeframe, I was able to enter on several pairs that changed all my game. All I want to say that if you have something suspicious with your broker, just check it twice because most of our problems lays out in our own misunderstandings. I've made just around 60% (not 100%) but see nothing wrong with broker since all my issues were because of me.
Demo account as well as real has its own weak and strong sides. Fx flat doesn't take responsibilities for difference between them. Regarding previous comment, I've never had such a big spread on usdjpy as 10 points. Broker can offer 3 or 4 pips, otherwise you get requot. It is a standard practice in fx industry. If you really want to trade with fxflat, just look at all variety of services broker offers. Despite all negative comments I can't say anything suspicious about fxflat.
Started trading currencies first time a year ago. For me it was completely new experience. Results on demo account were terrific!!! My strategy based on events trading, so everything was perfect on demo. I've doubled my balance for 4 months and it was a show time for real money ;) Then I lost half of my deposit because spreads became unrealistically huge. I mean around 10 pips on usdjpy almost every day. Guys from support told me that it's because of market movements but there were no market movements. At least not every day and not for usdjpy. My advice, don't open real account with this broker.