FXFlat Review 2026
Regulated broker with real licence numbers.
FXFlat is a regulated CFD broker founded in 2002. It holds a BaFin licence under number 156566.
The basics
FXFlat was founded in 2002 and is headquartered in Ratingen, Germany. It is privately owned. The broker offers CFDs on 200 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 2002 |
| Headquarters | Ratingen, Germany |
| Instruments | 200+ |
| Platforms | MT4, MT5, cTrader |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | No — CFDs only |
Is FXFlat safe?
The Seychelles FSA is an offshore regulator. It requires broker registration and basic conduct rules, but does not offer the same client protections as the FCA, CySEC, or ASIC. There is no compensation scheme and leverage limits are not imposed.
| Regulator | Licence | Entity |
|---|---|---|
| BaFin | 156566 ✓ | FXFlat Wertpapierhandelsbank GmbH |
You can verify the BaFin licence at brokerforexreviews.com. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
FXFlat spreads
These are the typical spreads on FXFlat's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | 0.2 pips pips |
| GBP/USD | 0.5 pips pips |
| USD/JPY | 0.3 pips pips |
| Gold (XAU/USD) | 17c/oz |
| S&P 500 | 0.4pt |
FXFlat's EUR/USD spread of 0.2 pips pips is among the tightest available, competitive with ECN brokers.
FXFlat withdrawal fee and processing time
Fee: None. FXFlat does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
FXFlat minimum deposit by entity
The minimum deposit depends on which FXFlat entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| FXFlat Wertpapierhandelsbank GmbH | BaFin 156566 | $500 | 1:30 |
FXFlat vs Alvexo
| FXFlat | Alvexo | |
|---|---|---|
| Primary regulator | BaFin 156566 | CySEC 236/14 |
| Min deposit | $500 | $500 |
| EUR/USD spread | 0.2 pips pips | 1.3 pips |
| MetaTrader | Yes | Yes |
| Instruments | 200+ | 450+ |
| Copy trading | No | No |
| Withdrawal fee | None | Varies |
Both brokers are regulated and legitimate. FXFlat suits traders who value MetaTrader and algorithmic trading. Alvexo is better for traders who prioritise its specific regulated entity coverage.
Regulation — the numbers that matter
| BaFin | 156566 — FXFlat Wertpapierhandelsbank GmbH |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules.
Pros and Cons
What works
- BaFin regulated — FXFlat Wertpapierhandelsbank GmbH
- MetaTrader 4 and 5 available
- Tight EUR/USD spread from 0.2 pips
What does not work
- No copy trading
- No real stock ownership — CFDs only
- Inactivity fee: $6/month after 12 months
- Higher minimum deposit of $500
The verdict
FXFlat is a legitimate, regulated broker. The BaFin licence number 156566 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.
Alternatives to FXFlat
If FXFlat does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is FXFlat safe?
The Seychelles FSA is an offshore regulator. FXFlat holds BaFin licence 156566, which is publicly verifiable on the official register.
What is the FXFlat minimum deposit?
The minimum deposit is $500. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the FXFlat EUR/USD spread?
The EUR/USD spread on FXFlat standard accounts is typically 0.2 pips pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does FXFlat take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does FXFlat charge withdrawal fees?
None. FXFlat does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does FXFlat have MetaTrader?
Yes. FXFlat supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.