FXFlat

FXFlat is a forex broker established in Germany in 1997, with its headquarters located near Düsseldorf in Ratingen. The broker primarily offers users trading services in financial derivatives including Contracts for Difference (CFDs), forex, and futures. FXFlat claims to be regulated by the Federal Financial Supervisory Authority (BaFin) in Germany, but investigations have shown that it is not regulated.

Company Background

FXFlat is a broker that offers trading services in Contracts for Difference, forex, and futures. The company's registered entity is FXFlat Bank GmbH, headquartered in Germany. According to information obtained from Whois, the domain name of FXFlat's official website was registered on May 9, 2006.

Regulatory Information

The official website shows that FXFlat is a regulated forex broker, overseen by the Federal Financial Supervisory Authority (BaFin) in Germany. However, a search on BaFin's official website did not yield any regulatory information about the company.

Trading Products

FXFlat offers a variety of trading products, including Contracts for Difference, forex, and futures.

1. Contracts for Difference: FXFlat provides a variety of tradable Contracts for Difference products on numerous underlying assets.
2. Forex: At FXFlat, users can easily engage in currency trading either through classic forex CFDs or direct Forex Spot transactions.
3. Futures:FXFlat offers users the opportunity to directly access futures trading on the European EUREX exchange as well as the Chicago-based CME futures exchange.

Trading Platforms

FXFlat offers investors multiple trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), MobileTrader, WebTrader, and StereoTrader.

1. MetaTrader 4 (MT4): MetaTrader 4 is a platform for trading CFDs and forex, as well as utilizing Expert Advisors. Mobile trading, trading signals, and technical analysis are also functions of MetaTrader 4.
2. MetaTrader 5 (MT5): MetaTrader 5 provides opportunities for users to trade futures at the Eurex and CME exchanges, in addition to Contracts for Difference and forex trading, all accessible via a single account. It offers enhanced functionality, easier usability, and allows for customizable layout designs.
3. MobileTrader: MobileTrader is the most convenient trading solution, allowing quick and easy access to accounts and portfolios using a smartphone or tablet anytime, anywhere.
4. WebTrader: In addition to its respective desktop trading platforms, FXFlat offers various web-based trading platforms for free. All web traders are synchronized with their download versions, thus orders and positions are identical on both systems.
5. StereoTrader: StereoTrader is designed to improve the efficiency of manual trading and significantly simplify automated trading on MetaTrader. The software changes the entire platform layout and provides users with more information, command options, order types, and many other features.

Account Registration

The specific method for registering an account on the FXFlat official website is as follows:

First, open the FXFlat official website and click “Open account” at the top right corner of the website.

Then, complete the account registration by filling in the information as prompted.

Account Types

FXFlat offers three different types of trading accounts: standard account, professional account, and company account, to cater to the needs of different traders.

1. standard account: Spot forex leverage of up to 1:200, with normal weekend margins.
2. professional account: Spot forex leverage of up to 1:200, with automatic liquidation of positions if the account funds fall below 100% of the minimum margin requirements, as per rules.
3. company account: The purpose of the company account is to support your business operations to be more profitable. This account is available for any type of business worldwide.

Deposit and Withdrawal Methods

FXFlat provides a variety of deposit and withdrawal options, such as VISA, Skrill, giropay, PayPal, and others.

Customer Support

FXFlat offers 24/5 multilingual support, accessible through multiple channels including phone support, email support, and online chat.

1. Phone Support: +49 2102 100 494 00, +49 2102 100 494 92, +49 2102 100 494 90.
2. Email Support: service@fxflat.com.

Conclusion

FXFlat, registered in Germany, claims regulation by the Federal Financial Supervisory Authority (BaFin) on its website, yet it is not regulated upon enquiry. FXFlat offers a variety of trading products, including Contracts for Difference, forex, and futures. It's a reminder from the TraderKnows that investors should educate themselves adequately before trading, understand the market mechanisms, and consider their investment objectives and risk tolerance carefully.

Currently, FXFlat is marked as "Suspected Fraud" on the TraderKnows.