Overall Rating: ★★★★☆ (4.1/5.0)

FXFlat is a fully regulated German forex and CFD broker, established in 1997 and licensed by BaFin (Federal Financial Supervisory Authority). Known for its strong reputation in Germany and broader EU markets, FXFlat offers access to MetaTrader 4, MetaTrader 5, and Trader Workstation (TWS) through a partnership with Interactive Brokers, making it one of the few brokers offering both spot trading and exchange-traded derivatives under one roof.

This FXFlat review explores the platform’s regulatory strength, pricing structure, product range, and whether it’s a good fit for professional and retail traders alike.

Key Features

FXFlat provides a multi-platform, multi-asset experience, with a strong emphasis on regulation, transparency, and institutional-level access.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • Trader Workstation (TWS) by Interactive Brokers
• Markets Offered:
  • Forex, stocks, indices, ETFs, options, futures, bonds, commodities
• Account Types:
  • Individual, joint, corporate, and professional accounts
• Leverage:
  • Up to 1:30 for retail clients (as per ESMA rules)
  • Up to 1:200 for professional clients

Regulation and Security

FXFlat stands out as one of the most heavily regulated brokers in Europe, providing robust fund protection and transparency.

• BaFin (Germany) – Registration No. 109499
• MiFID II Compliant
• Client Fund Segregation in EU banks
• Deposit protection via Entschädigungseinrichtung der Wertpapierhandelsunternehmen (EdW)
• Negative Balance Protection for retail traders

Pricing and Costs

FXFlat offers transparent pricing, especially for MT4/MT5 users, and access to exchange-traded instruments with institutional-grade spreads.

• Spreads:
  • Forex from 0.8 pips on MT4/MT5
  • TWS users benefit from tight spreads via direct market access (DMA)
• Commissions:
  • No commission on MT4/MT5 accounts
  • Low commission fees on TWS, depending on asset class
• Minimum Deposit:
  • €200 for MT4/MT5, higher for TWS accounts
• Inactivity Fee:
  • None
• Deposit/Withdrawal Fees:
  • Free SEPA deposits and withdrawals

Educational Resources and Customer Support

FXFlat excels in client education and offers one of the most comprehensive learning centres among EU brokers.

• Education:
  • Webinars (daily and weekly), trading tutorials, ebooks, and video courses
  • Live seminars and one-on-one coaching
• Market Analysis:
  • Daily updates, technical forecasts, trading signals
• Customer Support:
  • 24/5 via phone, email, and live chat
  • Based in Germany with German and English language support

Risk Management Tools

FXFlat offers standard and advanced tools through its platforms, particularly for institutional clients.

• Stop-loss, take-profit, margin alerts
• Trailing stops and order types via TWS
• Customisable leverage (for professional accounts)
• Negative balance protection for retail traders

Pros and Cons

Pros

• BaFin-regulated broker with top-tier protection
• Access to both CFDs and real stocks/futures via TWS
• MT4, MT5, and Interactive Brokers integration
• Excellent educational resources and German client support
• No inactivity fees and free SEPA transfers

Cons

• Higher learning curve with TWS platform
• Limited leverage for EU retail clients (1:30)
• Higher minimums for access to all features (TWS)
• No cryptocurrency trading

Conclusion: Is FXFlat the Right Choice?

FXFlat is an excellent choice for European traders seeking a regulated, multi-asset brokerage. Its BaFin licence, integration with Interactive Brokers, and educational depth make it a standout for serious retail traders, institutional clients, and German-speaking users.

However, traders focused on crypto or higher leverage may prefer offshore options, while those wanting simplicity might find MT4-only brokers like Pepperstone more accessible.