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- Full listing profile: FXFlat broker profile
Is FXFlat safe?
- Investor protection: EdW Germany
- Regulation: BaFin Germany
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is FXFlat trusted?
- Information transparency: high
- Customer service: prompt, helpful
- FXFlat website: highly detailed, updated
- FXFlat popularity (by visitor count): low visits
How FXFlat works
FXFlat is an Introducing Broker of Interactive Brokers for the Trader Workstation account.
FXFlat is the interface between different market makers and the client who places the order. FXFlat selects the market marker based on quality factors such as speed and accuracy of execution and numerous other factors.
FXFlat offers foreign cash market trading - Forex Spot. Forex Spot is tradable exclusively intraday between 08:00 a.m. - 10:00 p.m. CET. Positions are not transferable to the next dealing day and must be closed during trading hours.
How are my funds secured?
Customer funds are held segregated, which is covered by the german EdW for 20,000 Euro per client. The main bank account for customer wires, is at Sparkasse.
FXFlat will act as a commission agent in accordance with the relevant terms of the "Special Conditions for the Settlement of Financial Differences (CFD Trading") and CFD Forex Transactions ("FOREX Trading") and will accordingly conduct execution business through the conclusion of CFD trades and do CFD forex transactions with multiple UK-based market makers:
- Alpha Capital Markets
- CityIndex for Gain Capital
- CFH Clearing Ltd
- Intl FCStone Ltd
- Phillip Capital
The bank offers order execution for customers in the area of contracts for difference (CFD) and futures, which refer to financial instruments, indices, interest, currencies and other underlyings, as well as in the area of foreign exchange spot transactions (FOREX). Execution transactions are either concluded with foreign banks that act as market makers for the account of the customer, or interim commissioners and other third parties based in Germany or abroad are commissioned with this. The bank is only liable for the careful selection of the intermediate commission agent or other third party.