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  5. Flatex

Flatex is a Germany-based broker which was registered in 2006. Over the last years it has managed to attract around 207 000 clients from all over the world. The majority of clients come from german-speaking countries. The platforms offers MetaTrader 4, Guidants, and Flatex trader trading terminals. The main financial regulator is BaFin. There is a demo account with time limit

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  • Fouded

    1999

  • Min deposit

    1$

  • Min withdrawal

    10$

  • Withdrawal fee

    no

  • Inactivity fee

    no

  • Min bet

    0.01 lots

  • Max. leverage

    1:30

  • Withdrawal of funds

    2-7 working days

  • Asset type

    Forex, Indices, Stock CFDs, Commodities, Bonds, ETFs, Mutual Funds

  • Regulated

    BaFin

  • Deposit with credit card

    Bank transfer

  • Withdrawal

    Bank transfer

  • Avalaible plamform

    WebFiliale,flatex trader 2.0, CFD-FX-Handelsplattform, CFD2GO, TeleTrader Workstation , IOS, Android

  • Company registration

    Angaben zur flatex - eine Marke der flatex Bank AG E.-C.-Baumann-Str. 8a 95326 Kulmbach

  • Contacts

    kundeninfo@flatex.com

    +49 (0) 69 506 041 910

Pros

  • No minimum deposit

    Great educational tools

    Listed on a stock exchange, strong parent company

    Low mutual fund and bond fees

Cons

  • Credit/Debit card deposit is not possible

    Only one account base currency

    High fees for stock, ETF, and forex

    Complicated account opening for non-German residents

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