FXFlat-Some Detailed Information about This Broker

General Information & Regulation

FXFlat is a German Market Maker brokerage, established in 1997. The company holds a regulatory license with the Federal Agency for Financial Services Supervision (BaFin) in Germany. Originally a CFD and forex broker, FXFlat now covers a full spectrum of asset classes, operating as a securities trading bank since 2015. FXFlat was regulated by the Federal Financial Supervisory Authority (BaFin), Germany with regulatory license number of 109603.However, FXFlat is conducting forex and CFDs trading activities beyond authorization.

Market Instruments

FXFlat offers an impressive selection of instruments, including over 50 forex pairs and 11 spot forex pairs. Client can also trade over 35 ETFs, 17 index CFDs including DAX and NASDAQ, 12 futures contracts and dozens of equities. Theres also 8 cryptocurrency CFDs, 8 commodities including oil and gold, plus the Euro Bund CFD.

Account Types

FXFlat offer different accounts to suit your needs. All account types provide access to their complete range of financial products and all trading platforms. FXFlat has two accounts namely:

· Standard Account

· Professional Account

Spreads & Commissions

Spreads are fairly competitive at FXFlat, at around 0.8 pips for popular currency pairs such as EUR/USD and EUR/GBP. Indices are around 1 point for FTSE 100 and US 30, whilst spot gold is around 0.3 pips.

Some commissions may also apply on selected instruments and depending on which trading platform you are using. For example, commissions are charged from €1.90 in TWS for DE 30 and US 30 indices, and from €3.50 for EUR/USD.

Leverage

For forex, you can leverage up to 1:30 on major pairs. For gold CFDs and indices, the maximum leverage available is 1:20. Other commodities are available up to 1:10, stock CFDs up to 1:5 and cryptocurrencies up to 1:2. Professional traders can leverage up to 1:200.

Trading Hours

Trading times vary depending on the asset traded. For example, forex CFDs in the MetaTrader platforms are open Sunday to Friday from 11:01 pm to 11:00 pm (GMT). Spot forex contracts are available Monday to Friday 08:00 am to 10:00 pm (CET). All session times can be found in the contract specifications on the brokers website.

Deposit & Withdrawals

FXFlat offers a range of funding methods including bank wirecards, Giropay, PayPal, Skrill and Sofort. Unless you are depositing via bank wire, any deposit or withdrawal requires the completion of a short online form.

FXFlat offers free deposits and withdrawals in the MetaTrader and TWS platforms but note that a minimum amount of €50 applies for each deposit. Withdrawals by bank wire in either platform are processed within 2 working days.