Flatex Review

Flatex Logo

Flatex is a leading German investment company and online Forex/CFD broker that owns a bank. Originally founded in 1999 and formerly known as PRE.IPO AG, Flatex deal in securities, credit services, brokerage, and banking services, serving over 200,000 satisfied clients from different countries. Regulated by BaFin, the broker offers thousands of instruments across different asset classes, including Forex, indices, stocks, CFDs, commodities, bonds, ETFs, mutual funds, warrant, certificate, turbo, and more. They provide modern trading platforms, such as WebFiliale, Flater Trader 2.0, Guidants, and CFD2GO app

Flatex Review - Broker Awards
Flatex Review – Broker Awards

Flatex has been honored with awards for excellence in its brokerage services, including the Best online broker in Germany by the Handelblatt awards for several consecutive years.

Flatex Review Introduction

In this Flatex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Flatex.

Flatex Platforms & Tools

Flatex Review - Guidant Platform
Flatex Review – Guidant Platform

Flatex provides traders with various platforms:

  • The Flatex WebFiliale: A web-based trading platform developed by Flatex, it runs on all web browsers and also available as android and iOS apps.
  • Flatex Trader 2.0: A fully customizable & professional platform from Flatex in partnership with Teletrader Software GMbH, it can be downloaded and installed on Windows desktop computers.
  • CFD2GO App: This is a user-friendly mobile app designed for forex and CFD trading on the go.

There is also the Guidants platform, which is a third party online trading platform used to monitor, analyze, discuss, and enter trade positions on the financial markets. The broker also offers clients essential trading tools, such as Flatex Morning news, Flex Credit & Lombard Liam, SMS alerts, and Wikifolio.

Flatex Review - Flatex Morning News
Flatex Review – Flatex Morning News

Flatex Research & Education

Flatex provides their clients with useful investment tools, webinars, closing Bell, ebooks, and training videos to enable them to make good market analysis and investment decisions.

Flatex Trading Accounts

Flatex provides services to individuals, joint accounts, and corporate accounts. The broker’s trading accounts include:

  • Forex Account: Used for trading currency pairs on the WebFiliale platform.
  • CFD Account: This account is used to trade CFDs. Cash and security accounts are for trading stocks, ETFs, funds, and bonds.

The broker charges commissions on most trades. The amount charged depends on the asset traded.

Flatex Account Funding

Bank wire transfer in EUR currency is the only method available to Flatex clients for both deposits and withdrawals. The process takes 3 to 7 days bank working days to complete.

Flatex Customer Service

The broker offers clients a customer support team that is available Monday to Friday, 8 am to 10 pm, and they can be reached via email, telephone & social media. There is also a contact form on the contact page.

Flatex Regulation

Flatex is regulated by Germany’s Federal Financial Supervisory Authority (BaFin). This regulation gives it license to operate across the EU region due to the MiFID II passport.

Flatex Review Summary

Flatex is an established investment firm, bank, and broker that is based in Germany. They are regulated by BaFin, and they provide multiple trading platforms to suit traders’ choice of instruments and preferences. They provide clients with educational resources such as ebooks, training videos, and webinars.

It is worth mentioning that some of the trading products and services in this Flatex review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Flatex broker website which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Flatex

6.8

Spreads

6.5/10

Liquidity

6.5/10

Commissions

6.5/10

Support

6.5/10

Regulation

8.0/10

Features

  • Multiple trading instruments
  • Social trading via Wikifolio
  • Multiple platforms available as web, desktop, and mobile trading terminals
  • Comprehensive educational package for new traders