This FXFlat review examines the German-based broker’s regulatory credentials, platform offering, and suitability for retail and professional clients. Operating under FXFlat Bank AG, the firm is regulated by BaFin and offers multi-asset trading via MetaTrader, Trader Workstation, and AgenaTrader with access to forex, CFDs, and exchange-traded instruments.

Regulation and Safety

FXFlat Bank AG is regulated by the Federal Financial Supervisory Authority (BaFin) under license number 109510. Client funds are protected under the German statutory deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken), which covers up to €100,000 per client. Additional safeguards include:

• Full segregation of client assets
• Audited financials and regulatory reporting
• Two-factor authentication (2FA) and biometric access
• MiFID II and EU client protection compliance

Execution Model and Trading Platforms

FXFlat offers a hybrid execution model, combining agency and market making depending on the product type and platform. Available platforms include:

• MetaTrader 4 and MetaTrader 5 – for forex and CFDs
• Trader Workstation (TWS) – for stocks, futures, options via IBKR infrastructure
• AgenaTrader – advanced charting and algorithmic trading

VPS hosting is available upon request, and professional clients can apply for FIX API access.

Markets and Instruments

FXFlat offers extensive multi-asset trading across the following categories:

• Forex – 50+ major and minor pairs
• CFDs – Indices, commodities, stocks, crypto CFDs
• ETFs – Long/short access to over 1,000 ETFs
• Futures – Eurex, CME, CBOT and more via TWS
• Options – Global options markets via IBKR routing
• Stocks – 135+ global exchanges supported through TWS

All instruments are accessible with real-time data feeds and optional Level 2 depth.

Accounts, Spreads and Leverage

FXFlat provides distinct account types for retail and professional clients:

• Retail MT5 Account: Spreads from 0.8 pips, no commission, leverage up to 1:30
• Professional Account: Raw spreads + commission, leverage up to 1:200 (on request)
• Minimum deposit: €200 for MT5; €2,000 for Trader Workstation
• Stop-out level: 50%

Islamic accounts are not offered. Overnight fees apply to leveraged positions held beyond 22:00 CET.

Funding and Base Currencies

FXFlat supports the following deposit and withdrawal options:

• Bank wire (SEPA and SWIFT)
• Credit/debit cards
• Sofort, PayPal, giropay (Germany-based clients)

Account base currencies include EUR, USD, CHF, GBP. Deposits are typically processed within 1 business day, with no internal fees. Withdrawals are processed within 24–48 hours.

Client Protections and Features

Retail traders at FXFlat benefit from robust protections including:

• BaFin-regulated fund custody and oversight
• Deposit insurance up to €100,000
• Negative balance protection
• MiFID II alignment and EMIR reporting
• Biometric login, 2FA, and secured data architecture

Institutional and Retail Offering

FXFlat caters to both segments:

• Retail: MT5/MT4 access, web trading, educational content, 24/5 support
• Institutional: FIX API, white-label solutions, Tier 1 clearing via Interactive Brokers, multi-account manager support

Professional traders also benefit from lower margin requirements and volume-based commission structures.

Pros and Cons

Pros

• Fully regulated by BaFin with strong EU investor protection
• Access to futures, options, ETFs, and global exchanges
• Support for MT4, MT5, AgenaTrader, and TWS
• Institutional-grade features via IBKR infrastructure
• Low entry requirements for MT5 traders

Cons

• No MT5 Islamic account support
• Professional leverage requires application and loss of retail protections
• Interface may be complex for new traders using TWS

Frequently Asked Questions

Is FXFlat regulated?

Yes, FXFlat Bank AG is regulated by BaFin (license 109510) and complies with EU MiFID II and German banking laws.

What platforms does FXFlat support?

FXFlat offers MT4, MT5, Trader Workstation (IBKR), and AgenaTrader for desktop and mobile trading.

Does FXFlat support futures and options trading?

Yes, through TWS, clients can access global futures and options markets across 135+ exchanges.

What is the minimum deposit at FXFlat?

The minimum deposit is €200 for MT4/MT5 accounts and €2,000 for TWS (stock and derivatives) accounts.

Is FXFlat suitable for institutional clients?

Yes, FXFlat provides FIX API, white-label solutions, and clearing via IBKR, making it suitable for institutional traders.