FXFlat: Review, Analysis and Complete Guide

If you are looking for a reliable broker to generate good dividends through CFDs, one of the best options is FXFlat. This is the broker of the company Heyder Krüger & Kollegen, which has been operating in the financial market since 1997.

FXFlat is regulated by the BaFIN (Federal Financial Supervisory Authority), so all your transactions are protected and backed up. A leader among German brokers, with FXFlat you will have access to the best tools to trade Forex in a secure way.

According to the opinions of the most experienced traders, this is an exemplary broker with many benefits. Below you can learn about the advantages and disadvantages of FXFlat, how to open an account, how to trade on its platforms and much more information.

FXFlat Financial Products

With FXFlat you can invest money in a wide range of instruments. Through this broker it is possible to trade Forex and trade CFDs with a minimum leverage of 1:200.

The market instruments offered by FXFlat for trading are futures, CFDs, and the Forex market. Below you will find more detailed information.

Stocks and financial products

• Futures: you can trade futures on the EUREX derivatives exchange. You will have access to all courses through the Meta Trader 5 platform, and not just to snapshot data.
• CFDs: With FXFlat you can safely invest your money in the most important global indices. You will be able to trade on the stock exchanges of Europe, the United States, Australia and Asia.
• Forex: if you wish to trade in the Forex market, you will find more than 120 currency pairs in this broker. From the most important EUR/USD pair, to the most exotic currencies, FXFlat offers low spreads to make money on Forex.

Crypto-Currencies

Since their launch more than ten years ago, bitcoins have become very popular in the world of finance. The advantages of not being tied to any bank, make more and more traders decide to invest in crypt coins like bitcoins.

Through FXFlat you can trade the bitcoin and dollar (BTC/USD) CFD pair. You can trade the bitcoin against the dollar through the FXFlat Meta Trader platform.

Unique Programs

With FXFlat you have the option to trade through three account types. The first option is to open a free demo account for thirty days. Then you can choose between a standard account for individuals or a professional account for companies.

• Standard Account: the minimum deposit to trade on this account is 200 EUR. You will be able to trade CFDs and the Forex market. Leverage on Spot Forex is 1:200, while futures start at 1:135.
• Professional Account: If you choose the Professional Plus account, the first deposit is a minimum of 200 up to a maximum of 100,000 EUR. For the classic professional account, the first deposit is independent of the amount, and has the obligation of additional funding.

How to Open an Account on FXFlat

One of the advantages of FXFlat is, according to traders’ opinions, the ease of opening an account. Once you have decided to do so, opening an account should take no more than five minutes, as you can do it live online.

The first step in opening an account on FXFlat is to accept the terms and conditions of the contract. Then you will have to choose between a demo account and a live account. For both accounts it is essential to provide certain personal information to prove your identity.

The parameters and spreads in trading on the Forex market, futures, and bitcoins vary between the standard and professional account. It is also important to remember that for trading futures, the only platform that allows you to do so is Meta Trader 5.

Below you will find the requirements to open an account on FXFlat. The opinions of those who have already opened accounts with this broker agree that it is really simple and fast. After a few simple steps, you will be ready to start trading Forex, bitcoins and futures.

Requirements and verification

One of the advantages of FXFlat is that it allows you to open a live account in just five minutes. To do so, you will need to fill in your personal details: first and last name, phone number, email and country of residence. Then you will have to select the deposit method, the options of which will be detailed later.

Finally, it is necessary to corroborate your identity online, or you can also do it through the Postdlent procedure. Once your identity is verified, FXFlat will send you an account opening confirmation so you can make your first deposit.

Demo account

One of the aspects of trading that all traders agree on is the importance of starting with a demo account. Trading through CFDs on Forex, futures and bitcoins offers the possibility of making a lot of money in a short time, but also of losing it.

To trade CFDs on bitcoins, shares and Forex, it is necessary to have a very high knowledge of the market operation. For this reason, all opinions recommend starting with a demo account.

FXFlat offers a 30-day free demo account. This way you will have a month to trade all kinds of instruments and gain experience in Forex and bitcoin trading in a secure way.

To open a demo account on FXFlat you must first register as a private or professional client. Then, you must choose the platform you wish to use (MetaTrader4, MetaTrader 5, or AgenaTrader). Finally, you must enter your first name, last name, phone number and email address.

Available Countries

To find out if you can trade CFDs on the Forex market, you should be aware of your country’s legislation. FXFlat does not make exclusions for residents of any particular country.

However, if you are not a resident of any European Union country, the possibility of trading on this Broker will depend on the financial regulatory authority of your country. Traders agree that it is easiest to communicate with customer service to dispel doubts.

How to use FXFlat

The ease of use of the platforms for trading in brokers is a very important aspect taken into account by the opinions of the traders. Fortunately, FXFlat has platforms for efficient and easy Forex trading.

Through the platforms offered by FXFlat, you will have access to very useful charts and technical analysis tools from any site with internet access. FXFlat platforms are available for both computers and smartphones.

Other advantages offered by FXFlat are the incorporation of add-ons for a better operation of the platforms. Among these add-ons are MetaTrader Plus, the Forex Screener, the signal server and the VPOK volume profile.

Desktop Platform

Among the computer platforms offered by FXFlat for trading through the broker, you will find three options. You can choose between MetaTrader 4, the classic and popular platform acclaimed by traders, and its latest version, MetaTrader 5.

At the same time, FXFlat has developed its own platform, called AgenaTrader. This platform has the best visualization and charting tools for CFD and Forex trading. Through this platform you will receive the data of the products you trade with for free.

Finally, you can also use the web platform through FXFlat’s official website. In this case, you will not have all the tools available from MetaTrader 4 and 5 or AgenaTrader, but you will be able to trade from any computer with internet access without installing anything.

All platforms offered by FXFlat for trading CFDs and Forex are compatible with Windows and Mac. Users agree that these are really useful and really easy to use software for both novices and professionals.

Mobile Platform

In addition to the desktop platforms, FXFlat has a platform for smartphones, so you can control your account whenever you need to. Through the MobileTrader platform you will have all the necessary tools to trade CFDs and Forex.

With the MobileTrader platform you can trade Forex, crypto currencies such as bitcoin, and invest in stocks 24 hours a day. FXFlat has developed this platform so that it is easy to use with your smartphone. It is compatible with both iOS and Android.

Research and Visualization Tools

One of FXFlat’s mottos is to ensure transparent and reliable trading for its clients. For this reason, this broker provides access to tutorials and seminars by eminent CFD and Forex traders highly recommended by users’ opinions.

In addition, it offers a wide range of tools and complements to facilitate your operations. For example, through the MetaTrader Plus add-on you will have a margin calculator, an alarm manager and a session map.

Another useful tool according to traders’ opinions is the Forex Screener. It works as a filter capable of finding trade entries with just a few clicks. It’s not only useful for the Forex market, but also for stocks, indices and cryptosystems such as bitcoins.

Once you are a client of FXFlat you can access their online seminars and tutorials for free. These seminars provide a great deal of training capital for your new trades, and are held on a weekly basis. You can also find old seminars on the Youtube channel.

FXFlat Deposits, Withdrawals, Fees and Limits

Deposit Methods and Minimum Deposit

The ways to deposit money on FXFlat are the most common today. It is possible to deposit by credit and/or debit cards (Visa and Mastercard). Bank transfers and digital purses such as Neteller, Skrill, Paypal and iDEAL are also supported.

The minimum deposit to open an account is 200 EUR. However, once the first deposit has been made, subsequent deposits must be from a minimum of 50 EUR.

Withdrawal Methods

Once you decide to withdraw your money, you will need to complete a form. This is a requirement aimed at keeping the broker among the safest on the market. Then, the money will be transferred to the account of origin with which you made your first deposit.

Fees and Commissions

FXFlat charges an amount of 50 EUR for additional payments after the first deposit. In turn, only the first three monthly deposits by credit card and iDEAL are free, from the fourth deposit FXFlat charges up to 4% commission.

Limits

The limits set for the standard account are a minimum deposit of 200 EUR and a maximum of 10,000 EUR. However, the professional account has neither a minimum nor a maximum. The withdrawal limit will depend on the liquidity of FXFlat at the time.

Is FXFlat safe?

One of the most important questions we should ask ourselves before starting to trade with a broker is about your security. The only way to trade Forex is to have absolute confidence that we are trading in a secure broker.

For this reason, traders’ opinions are always important to give us an overview. In addition, it is always important to know which company is behind the broker, how many years it has been in the market, and which bodies regulate it.

In the case of FXFlat, it is common knowledge that it belongs to the German company Heyder Krüger & Kollegen. This company has more than 20 years of experience in the financial market, and has never had any liquidity problems or misappropriation of funds.

Regulation

FXFlat is a broker that is part of the well-known German company Heyder Krüger & Kollegen. This company has been regulated by the BaFIN since 1997. In addition, it also complies with the standards set by the ESMA and MiFID for trading Forex in the European Union.

Compensation Scheme

By creating an account on FXFlat, you automatically secure a deposit guarantee. The compensation scheme of this broker is 90% of the investor’s claim, with a ceiling of 20,000 EUR.

Customer Care

FXFlat is a broker that seeks transparency in its clients’ trading operations. For this reason, by having an account with this broker, you will be able to access numerous seminars and tutorials to inform you on the best way to invest in Forex.

Customer service is one of the points in which FXFlat stands out from the rest of the brokers. The technical support is characterized by being friendly and well disposed, but above all by its professional knowledge in the field of trading.

You can contact FXFlat’s staff through the toll free number 0800-0393528, or the live chat, 24 hours a day! You can also contact us by e-mail at servicio@fxflat.com.

According to traders who use FXFlat to trade Forex and sell and buy bitcoins, customer service is above average. The available languages are German, English, Spanish and Turkish.

FXFlat opinions

Before investing money in a broker to trade on Forex, it is extremely important to know the opinions of the users. It is, in fact, one of the best ways to know impartially if a broker is reliable and worth investing our money.

Lennart O. said about FXFlat’s services: “I have been trading Forex with FXFlat for 8 months now, and I have never had any problems. Thanks to the technical support, the process of opening an account and transferring funds has been really enjoyable”.

Margaret S. related her experience at FXFlat with the following words: “It’s been three years since I’ve traded Forex with this broker. The payment processing is really simple. I emphasize above all things that there are no hidden surcharges.”

Anthony T. also commented: “Through FXFlat, I have been able to make considerable gains in Forex trading and selling and buying bitcoins. I highly recommend the use of the AgenaTrader platform, as it has made it easier for me to trade automatically”.

FXFlat Alternatives and Competitors

As you may have noticed, this German broker is safe and has many tools for trading on Forex. However, you may want to take a look at other possibilities, until you find the right broker for you. This is a list of the best brokers:

Our Selection Best Broker Forex - 2020

1		Our Choice	Open an account Free No minimum deposit	See offer Go to eToro
2		Best Forex Broker	Open an account Free No minimum deposit	See offer Go to Plus500
3		Best for Funds	Open an account Free No minimum deposit	See offer Go to XM
4		Best for Bonds	Open an account Free No minimum deposit	See offer Go to XTB
5		Best for CFDs	Open an account Free No minimum deposit	See offer Go to IG Markets

Conclusion

For all the above reasons, it has been proven that FXFlat is a reliable and secure broker for trading Forex, indices and stocks. With a track record that guarantees the transparency of its services, this broker is regulated by BaFIN, ESMA and MiFID.

The platforms offered by FXFlat have the latest technology for trading, as well as the best explanatory charts and visualization tools. With MetaTrader 4 and 5, as well as AgenaTrader, you have full control of all your financial transactions.

On the other hand, FXFlat offers educational training in trading so that its users have a real sense of what they are doing. You can use the demo account for thirty days free of charge and put into practice everything you have learned in the seminars and web tutorials.

Being a German broker, one of the disadvantages is that much of the information concentrated in the tutorials is in this language. However, according to user feedback, the site has good quality translations in English, Spanish and Turkish.

From now on you know everything you need – and more – to trade Forex through FXFlat. To find out more about trading, or to meet other brokers we invite you to read more reviews on our official website. Welcome to the world of trading!