FXFlat Review

Read a complete FXFlat Review to know about this broker. 

Broker Website – https://www.fxflat.com/en/

Address – Germany

Warned By – Not Recommended By Review Website Like Scamsonline.net

FXFlat Review: Introduction

The trade name of FXFlatWertpapierhandelsbank is FXFlat. It is an online FX and CFD broker based in Germany. Additionally, it runs in the UK. The broker offers trading with the following platforms: MT4, FXBlue, TradingStation, AlphaTrader, FlatTrader Pro, WebTrader Pro, and MobileTrader Pro. The website can be found at https://www.fxflat.com/en, and the company is located in Germany. They can be contacted by email at [email protected] or by phone at 008000-0393528. FXFlat claims to be a legit broker, but the reality is different from their claims. Read a complete FXFlat review to learn more about this broker. 

FXFlat Review: Regulation

FXFlat claims to be an authorized and fully regulated broker by the industry-known regulatory authority, BaFin. BaFin is a German authority that brings honesty and transparency to the financial sector in Germany. All the claims offered by FXFlat are not true because the regulated license of this broker has been exceeded. 

FXFlat Review: Deposit and Withdrawal Method

Customers of FXFlat have access to several payment methods, including bank wire cards, PayPal, Skrill, Giropay, and Sofort. Except when completing a transaction via bank wire, you must complete a brief online form to make a deposit or withdrawal.

FXFlat offers free deposits and withdrawals on the TWS and MetaTrader platforms, but clients should be informed that a minimum deposit of €50 is needed for each transaction. On any platform, bank wire withdrawals should be executed in under two business days.

FXFlat Review: Trading Account Types

Various accounts are available from FXFlat to meet your needs. Access to the full range of financial products and trading platforms is available for all account types. FXFlat has the following two accounts: 

  • Standard Account
  • Professional Account

FXFlat Review: Leverage

FXFlat offers leverage on forex, up to 1:30 on major pairs. The maximum leverage for gold CFDs and indices is 1:20. Stock CFDs up to 1:5, other commodities up to 1:10, and cryptocurrency up to 1:2 are all offered. Leverage for professional traders might reach 1:200. 

How does the FXFlat scam work?

Forex and cryptocurrency frauds usually start when novice or inexperienced investors hunt for an investment platform. It presents a chance for scammers to take advantage of naive victims. Fraudsters approach investors and demand a small deposit through social media or internet advertisements. When you realize that you were taken advantage of by dishonest brokers after some time has passed and want to withdraw funds, it will be too late because dishonest brokers have already depleted your account of all funds.

Customer Review and Complaints

After examining both the positive and negative reviews of FXFlat, we discovered that this broker may be involved in certain illegal activities, like internet scams. It is advisable to not proceed with an FXFlat broker or another unlicensed company. We present a list of scam brokers 2022 on the Scamsonline.net website to assist you in avoiding these scam brokers. 

FXFlat Review: Conclusion

Our investigation revealed that FXFlat is a fraudulent broker that offers financial services without a valid license. You can submit a chargeback to recover funds if you fall victim to an FXFlat scam, cryptocurrency scam, forex scam, investment scam, romance scam, gift-card scam, or any other online fraud. Fill out a complaint form on our website. Our experts will provide you a free consultation, and we will guide you in the process of fund recovery.

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