Flatex Review 2024

2.22/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Foundation date:
  • 1999
Updated:
2.22/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Foundation date:
  • 1999
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Flatex isn't available in United States
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Our Evaluation of Flatex

2.22/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Flatex is a high-risk broker with the TU Overall Score of 2.22 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Flatex clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Flatex ranks 388 among 414 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

Brief Look at Flatex

Flatex was incorporated in 2006, and today is among leading German online brokerage companies. Customers value it for offering an accessible mobile online platform, expert advice, and superior service. Flatex’ top priority is providing customers with excellent trading experience, including competitive trading conditions, super-fast order execution, and safety of customer funds.

Flatex Summary

💻 Trading platform: flatex WebFiliale, flatex trader 2.0, MetaTrader4
📊 Accounts: Individual, Joint, Corporate account.
💰 Account currency: EUR
💵 Replenishment / Withdrawal: Bank Transfer
🚀 Minimum deposit: No minimum deposit
⚖️ Leverage: 1:100
💼 PAMM-accounts: No
📈️ Min Order: 0.1
💱 Spread: from 1 p
🔧 Instruments: Forex, CFD, Stocks, ETFs, funds, bond
💹 Margin Call / Stop Out: 100%/100%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Orders execution: Market Execution
⭐ Trading features: No
🎁 Contests and bonuses: No

User Satisfaction

Score:
4.3/10

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bettiegj1
1 year ago

Flatex broker is interesting in terms of positioning and presentation of its trading conditions, but in reality everything is not so good. For example: the execution is unimportant and the spreads change. I feel, if not deceived, then clearly misled ...

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Robertfact
2 years ago

I do not recommend. Expands spreads.

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trinano18
2 years ago

Flatex offers several platforms, but I only trade in the Forex market, so I opened an account in my usual MT4. However, the mobile version of this terminal is not available, and sometimes it is very necessary! Regarding the trading conditions themselves: for transactions with currency pairs, this broker only holds a floating spread, without additional commissions. On other CFDs, he seems to have fixed commissions. But to be honest, I didn’t really go into the nuances, because I don’t trade stocks, indices and commodities. There is no online chat on the Flatex website, which makes it impossible to quickly contact the operator. Phone support is of high quality and prompt, but, unfortunately, it is not available on weekends.

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moinur
3 years ago

Good afternoon everyone. I consider Flatex to be scammers. It is a pity that I did not get to this site before and did not see the reviews. When registering on their website, I brought in $ 10,000. At some point, I felt that something was wrong and without making any deal, I decided to withdraw the money back. From that moment on, their manager began to call from different phone numbers in every possible way convincing them not to withdraw money. When I finally insisted on my own and applied for a withdrawal, this company - without providing me with any services - charged me $ 6,500 - calling it a commission. Avoid these citizens, do not fall for sweet talk and the promised mountains of gold. If they are on such a trifle as 10,000 behave like this, then a large amount will certainly pocket it.

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sajol4e
3 years ago

after replenishing the account with a good amount, the account was blocked, the money has not been given for half a year now, here is the correspondence. Your account has been blocked by the Security and Compliance Department. For more information, please send a scan of your passport to ***, indicate your trading account number and telephone password. Petr. all this was done many times, as you can see, there was not a single transaction on the account, it was immediately blocked. More: Please clarify, did you receive a response from the Security and Control Department? Petr. Since November 17, the department has not responded, which is 3 months. how can I keep our correspondence, people don’t believe me that this is possible, you don’t believe it yourself. They: I will clarify the information.

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Daffa
3 years ago

There was a good broker. on 4-. Slid into ***. For a week they have not been able to withdraw, allegedly due to technical problems on the web money. and they don't say anything plainly.

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PisethYes
3 years ago

I tested the Flatex trading signals, some kind of nonsense. Well, maybe a couple of three deals and closed in profit, and the rest, of course, with a terrible deviation went into negative territory. Some kind of rascal service

Comparison of Flatex with other Brokers

Flatex RoboForex Pocket Option Exness FxPro Eightcap
Trading
platform
MetaTrader4, flatex WebFiliale, flatex trader 2.0 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, MT5, cTrader, FxPro Edge MT4, MT5
Min deposit No $10 $5 $10 $100 $100
Leverage From 1:1
to 1:100
From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:1
to 1:500
From 1:30
to 1:500
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 1 point From 0 points From 1.2 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out
100%  /  100% 60%  /  40% 30%  /  50% No  /  60% 25%  /  20% 80%  /  50%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No No No
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