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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

fXFLAT BANK

Germany Germany | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://www.fxflat.com/en/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Germany Germany 3.29
Surpassed 15.80% brokers
Biz Area Search Statistics Ad Campaigns Social Media Index

Contact

https://www.fxflat.com/en/
The WikiFX Score of this broker is reduced because of too many complaints!

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
4

Basic Information

Registered Region
Germany
Operating Period
5-10 years
Company Name
FXFlat Bank GmbH
Customer Service Email Address
service@fxflat.com
FX4255247862

FX4255247862

Unverified

France

Traded securities and commodities and big slippage faced. Upon asked live chat they reply is normal. I request withdraw and profits were deleted upon no explanation. 32439$ missing to withdraw...

Exposure

Alan1512

Alan1512

Unverified

France

Seems to be a regulated bank but they manipulate the market so that customers lose money. They also have very poor support that is unresponsive and when they do they are rude and disrespectful. Do not recommend this broker.

Exposure

Kaleo

Kaleo

Unverified

Brazil

After trade and made profit i request a withdrawal and they have deleted all my profits and closed my account. Incredible unprofessional 

Exposure

快到碗里来98689

快到碗里来98689

Unverified

Singapore

A Trusted Broker. Their Staff is very Cooperative. Deposit and withdrawal have no issue at all. Demo accounts are available. Good MetaTrader Platform to trade. Perfect support service.

Positive

Positive

Kaleo

Kaleo

Unverified

Brazil

FXFLAT is clearly a scam company that disproves the payment of customer funds. After a few days of trading with Scalping I requested a withdrawal and they just refused, deactivated my account and wiped my profits and kept my money for 1 week, after the request they just sent me my deposit. When I ask on live chat why my account is disabled, they just reply and wait for an email! What kind of professionalism is that? A bunch of amateur scammers!!! DO NOT DEPOSIT HERE! STAY AWAY!!!!!!

Exposure

MrTrader

MrTrader

Unverified

United States

I was operating on MT5 normally when i depare with a situation where i couldn't open trades. I waited few hours, maybe was their service in maintenance but yet i haven't received any email informing anything. I then went to their live chat which was really rude and unprofessional, didn't explain plus told me you will receive information by email. Afterwords i received the email accusing me of use EA, that they will terminate my account and pay my balance to me. I reply their email asking for the poofs of such an accusation and for them to proceed with my withdrawal back to my bank account. They took my money form my account and i haven't received my withdrawal for 2 days now. As a regulated Bank i expected more from FXflat. They still holding my funds and have informed they are not gonna pay me. So here i requested that FXFlat Bank to be mark as SCAM as they should honor they words but unfortunately im experience the complete opposite of that.   

Exposure

6
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Creatives

Website

Most visited countries/areas
SloveniaSlovenia
  • fxflat.com
    37.202.2.236
    Server Location
    Germany Germany
    ICP registration
    --
    Most visited countries/areas
    Slovenia Slovenia
    Domain Effective Date
    2006-05-10
    Website
    WHOIS.PSI-USA.INFO
    Company
    PSI-USA, INC. DBA DOMAIN ROBOT

Genealogy

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fXFLAT BANK

Related Companies

FXFlat Bank AG(Germany)
Germany
FXFlat Bank AG(Germany)
Active
Germany
Registration No.R1101_HRB95171
Established
SourceWebsite Announcement

Company Profile

Company Profile

Review summary

FXFlat Review Summary
Founded2006
Registered Country/RegionGermany
RegulationBaFin (Exceeded)
Market InstrumentsCFDs, Futures and Spot Forex
Demo Account/
LeverageUp to 1:200 (Spot forex)
Spread/
Trading PlatformMetaTrader 4, MetaTrader 5
Minimum Deposit/
Customer SupportLive chat
Phone: +49 210210049400
Email: service@fxflat.com
Facebook, Instagram, LinkedIn, YouTube, Twitter

FXFlat Information

FXFlat is a German brokerage firm operating as a market maker. It is regulated by the Federal Financial Supervisory Authority (BaFin), known for its strict financial oversight. However, its license was exceeded.

FXFlat Information

Pros and Cons

Pros Cons
MT4 and MT5 availableExceeded BaFin license
Live chat supportCommission charged for futures trading
Free account management
Various payment options

Is FXFlat Legit?

FXFlat is supervised by the German Federal Financial Supervisory Authority (BaFin) under license number 109603. However, it was exceeded.

Regulated CountryRegulated AuthorityCurrent StatusLicense TypeLicense Number
German
German Federal Financial Supervisory Authority (BaFin)ExceededCommon Financial Service License109603
license

What can I Trade on FXFlat?

FXFLAT offers trading services in CFD-Trading, Futures and Spot Forex.

Tradable Instruments Supported
CFDs
Futures
Spot Forex
Bonds
Options
ETFs
assets

Account Type

FXFlat offers two types of accounts: Standard Account and Professional Account. However, detailed account features are not revealed.

Account Types

Leverage

XFLAT provides flexible leverage options tailored to different asset classes, enabling traders to optimize their strategies while managing risk.

Trading AssetsMaximum Leverage
Futures1:282
Spot forex1:200
Leverage

FXFlat Fees

Account management services are free of charge, and CFDs trading does not charge any commission fees. However, fees are charged in futures trading, varying between €0.80 and €5.90 per contract.

FXFlat Fees

Trading Platform

FXFLAT supports both a proprietary MetaTrader 4 (MT4) and the MetaTrader 5 (MT5) platform.

Trading PlatformSupportedAvailable Devices Suitable for
MetaTrader 4 (MT4)mobile, desktopBeginners
MetaTrader 5 (MT5)mobile, desktopExperienced traders
Trading Platform

Deposit and Withdrawal

FXFlat different types of payment options, including iDeal, Mastercard, Maestro, VISA, Paypal, Skrill, and Klarna. As for bank transferring, customers can deposit funds into FXFlat Bank in EUR. The minimum initial deposit is not clear, but a minimum amount of 50,00 EUR is required for further deposit.

Deposit and Withdrawal
Deposit and Withdrawal

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

News

FXFlat Exposed: Traders Report Withdrawal Issues, High Slippage & Poor Customer Support Service

Exposure FXFlat Exposed: Traders Report Withdrawal Issues, High Slippage & Poor Customer Support Service

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!

FXFlat Review 2025!  Read FXFlat Trustpilot Reviews

Exposure FXFlat Review 2025! Read FXFlat Trustpilot Reviews

Thinking of trading with FXFlat in 2025? Before you invest, read what real traders say. This FXFlat Review 2025 dives into the broker’s regulation, trading platforms, and customer feedback.

Wiki Q&A

Is it risky to trade with fXFLAT BANK?

FXFlat Bank GmbH presents a concerning profile, holding an extremely low overall score of 1.58 out of 10 and operating with an unverified regulatory status. Its scope of business is flagged as suspicious, and critical client protections associated with confirmed regulation are absent.

In a week
United States

Which financial regulator oversees fXFLAT BANK?

While FXFlat Bank GmbH references a BaFin (German Federal Financial Supervisory Authority) license, its regulatory status is officially listed as 'Unverified'. This classification indicates the firm currently operates without credible, confirmed oversight from any mainstream financial authority for its forex trading activities.

In a week
United States

What is the full company name of fXFLAT BANK?

The entity operates under the full legal name FXFlat Bank GmbH, a Germany-based financial services firm that has been in operation for between 5 to 10 years.

In a week
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

In a week
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

In a week
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

In a week
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

In a week
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

In a week
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com