FXFlat Exposed: Traders Report Withdrawal Issues, High Slippage & Poor Customer Support Service
Abstract：Making profits, but FXFlat is cancelling all of them? Do you constantly face losses due to slippage by the Germany-based forex broker? Is your forex trading account getting deactivated after making the FXFlat withdrawal request? Do you have to constantly deal with poor customer support issues? You are not alone! Many traders have openly expressed their frustration over these issues online. In this FXFlat review article, we have shared some of their complaints. Read on!
Making profits, but FXFlat is cancelling all of them? Do you constantly face losses due to slippage by the Germany-based forex broker? Is your forex trading account getting deactivated after making the FXFlat withdrawal request? Do you have to constantly deal with poor customer support issues? You are not alone! Many traders have openly expressed their frustration over these issues online. In this FXFlat review article, we have shared some of their complaints. Read on!
Top Forex Trading Complaints Against FXFlat
The Slippage Complaint Against FXFlat
Losing trades have become normal for FXFlat traders, as the broker allegedly applies trade manipulation involving slippage to erode trading gains, as per multiple complaints shown below.
Profit Vanishes Upon Withdrawal Request
The issue of profit vanishing upon withdrawal requests by traders is also one of the growing trading issues at FXFlat. Concerned by this manipulative tactic on the FXFlat login, a trader shared views on WikiFX, a leading global forex inquiry app. Check out the exact complaint wording here.
Withdrawal Denials & Account Deactivation
A scalp trader highlighted a FXFlat withdrawal request initiated by him on the platform. Responding to the request, the broker not only rejected it but also deactivated the account. Upon contacting the customer support official on live chat, the trader could not receive a convincing answer. After receiving a lacklustre response from the broker, the trader shared the FXFlat review through these words.
FXFlat Allegedly Cancels Trader Profits and Gives Misleading Liquidity Provider Explanation
The trader claims FXFlat withheld their profits and falsely stated that a liquidity provider had annulled weeks-old closed trades. Despite the brokers website saying all client orders are sent anonymously to a liquidity provider, the trader alleges FXFlat acted as a market maker and removed profits instead. After initially confirming the withdrawal, the broker reportedly reversed its stance, prompting the trader to involve a lawyer and warn others of unethical practices.
WikiFX Shares the FXFlat Review: Score & Regulatory Status Update
The constant claims of withdrawal denials, profit deletion and poor customer support service made the WikiFX team investigate the broker on several aspects, including its regulatory status. Our findings revealed the ‘Exceeded’ remark against the forex broker. The team thus gave it a score of 3.47 out of 10.
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