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Does anyone know Fx Flat brokers?

  • #1
  • First Post: Feb 3, 2017 5:52am Feb 3, 2017 5:52am
They are German regulated broker (BaFin)

https://www.fxflat.com/

With some level of English service...they offer MT4 as well

https://www.fxflat.com/en/account-opening/conditions/

Any experience with them? Good....bad?
  • #2
  • Feb 8, 2017 4:39am Feb 8, 2017 4:39am
Quoting meyoik
They are German regulated broker (BaFin) https://www.fxflat.com/ With some level of English service...they offer MT4 as well https://www.fxflat.com/en/account-opening/conditions/ Any experience with them? Good....bad?
Parent site https://www.captrader.com/
Very weak support, nor did they respond to what I asked.
Good trades
  • #3
  • Feb 8, 2017 4:45am Feb 8, 2017 4:45am
Quoting piupiu
Very weak support, nor did they respond to what I asked.
Same experience with support...based on minimum effort, poor English...

Quoting piupiu
Good trades
OK, but do you recommend their MT4 performance? What do you mean with good trades?
  • #4
  • Feb 8, 2017 5:10am Feb 8, 2017 5:10am
Quoting meyoik
{quote} Same experience with support...based on minimum effort, poor English... {quote} OK, but do you recommend their MT4 performance? What do you mean with good trades?
0 experience on fxflat from here.
  • #5
  • Feb 8, 2017 2:21pm Feb 8, 2017 2:21pm
Never heard them and they only have 1 review on FPA. They say on the website that are BaFin regulated since 1998.. May be you can find some more info through other internet sources
  • #6
  • Feb 8, 2017 2:30pm Feb 8, 2017 2:30pm
Their German website seems to be more exhaustive:

https://www.fxflat.com/de/execution-policy/

is a quite interesting read. It basically says they're passing the trades on to 3 market makers in the UK, namely Alpha Capital Markets, FXCM or GAIN Capital.
  • #7
  • Feb 8, 2017 3:20pm Feb 8, 2017 3:20pm
They are interactivebrokers ib, read the small lines from captrader. What is a good option under mt4 , but suport is very very poor.
Good trades Traders
  • #8
  • Feb 8, 2017 3:37pm Feb 8, 2017 3:37pm
Quoting piupiu
{quote} Parent site https://www.captrader.com/
That is not the parent side, its the other way around. Captrader is a brand of FXFlat, it's stated on their website:

2017 Captrader - eine Marke der FXFlat Wertpapierhandelsbank GmbH

Furthermore they do mention InteractiveBrokers on the Captrader website but not their relationship. If I'd be interested to trade with them, I'd ask them. What I think is they use IB for Futures, ETFs and so on and the information I quoted from fxflat is relevant for forex trades.
  • #9
  • Edited 4:23pm Feb 8, 2017 3:54pm | Edited 4:23pm
Is better we dont read too much, and stay quiet .
Good trades.
  • #10
  • Feb 10, 2017 3:31pm Feb 10, 2017 3:31pm
Quoting JensG
Their German website seems to be more exhaustive: https://www.fxflat.com/de/execution-policy/ is a quite interesting read. It basically says they're passing the trades on to 3 market makers in the UK, namely Alpha Capital Markets, FXCM or GAIN Capital.
Thanks JensG !

Wow....so they don't even own their own MT4 server???

OK so you are paying spreads, commissions, and gad knows what to 2 possibly 3 brokers before you get your trade filled....
  • #11
  • Feb 10, 2017 5:09pm Feb 10, 2017 5:09pm
Quoting meyoik
{quote} Thanks JensG ! Wow....so they don't even own their own MT4 server??? OK so you are paying spreads, commissions, and gad knows what to 2 possibly 3 brokers before you get your trade filled....
No, it says nothing about their execution quality or MT4 license. What I quoted from their website is more backend processing stuff and it's probably more a good than a bad thing that they're open about that. There is nothing fishy about that in the end.
  • #12
  • Feb 15, 2017 12:35pm Feb 15, 2017 12:35pm
Quoting JensG
{quote} No, it says nothing about their execution quality or MT4 license. What I quoted from their website is more backend processing stuff and it's probably more a good than a bad thing that they're open about that. There is nothing fishy about that in the end.
Yes and no....the more middlemen, the more they have to overload the spread....it does not HAVE to be like that...but high probability that it is.
  • #13
  • Feb 17, 2017 2:50am Feb 17, 2017 2:50am
Well, i have 2 accounts with them: Alpha trader ( good shares conditions ) and fxcm one for forex.

They do have a funny english but support seems fine ( haven't need much till now ), and deposit and withdrawals went ok ( deposited and tested withdrawals from alpha trader account , with no fees and just 2/3 days delivery )

So far, so good ...
  • #14
  • Feb 17, 2017 11:53am Feb 17, 2017 11:53am
Quoting pereiraalex
Well, i have 2 accounts with them: Alpha trader ( good shares conditions ) and fxcm one for forex.
What do you mean you have 2 accounts with FxFlat, but one is Alpha, and the other one FXCM...? These are separate brokers....
  • #15
  • Feb 17, 2017 2:28pm Feb 17, 2017 2:28pm
Won't waste time with such brokers.... Already reported the thread trying to mislead NEWBIES!
  • #16
  • Feb 17, 2017 3:05pm Feb 17, 2017 3:05pm
Quoting meyoik
{quote} What do you mean you have 2 accounts with FxFlat, but one is Alpha, and the other one FXCM...? These are separate brokers....
What JensG said.

Alpha is not a broker. Alpha delivers solutions to fxflat, templefx, eqlx, cmmarkets, etc.
  • #17
  • Feb 17, 2017 3:06pm Feb 17, 2017 3:06pm
Quoting Fedricks
Won't waste time with such brokers.... Already reported the thread trying to mislead NEWBIES!
And why is that ?
  • #18
  • Feb 17, 2017 3:20pm Feb 17, 2017 3:20pm
btw: here is some info about it: http://www.leaprate.com/news/german-...and-platforms/

since then they stopped allowing new accounts for fxcm ( tradingstation ). they do continue to give support though.

Seems its only mt4 and alpha platform now ( mt5 soon according to their webpage ).

I have only been with them for some 3 months
  • #19
  • Feb 19, 2017 3:43pm Feb 19, 2017 3:43pm
Quoting pereiraalex
btw: here is some info about it: http://www.leaprate.com/news/german-...and-platforms/ since then they stopped allowing new accounts for fxcm ( tradingstation ). they do continue to give support though. Seems its only mt4 and alpha platform now ( mt5 soon according to their webpage ). I have only been with them for some 3 months
Wow, what an interesting sequence of events....still interested in a BaFin regulated broker...but preferably not a white a label.
Anyhow, I'll keep an eye on this one....thanks for the info
  • #20
  • Feb 20, 2017 5:07am Feb 20, 2017 5:07am
Quoting meyoik
{quote} Wow, what an interesting sequence of events....still interested in a BaFin regulated broker...but preferably not a white a label. Anyhow, I'll keep an eye on this one....thanks for the info
Your welcome, just trying to help. Good luck whatever you choose
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