FXFlat Broker Review
Company | HKK Invest (FXFlat) |
---|---|
Established in | 1997 |
Online since | 1997 |
International Offices | Germany |
Payment Methods | Credit/Debit Cards, Wire Transfer |
Demo Accounts & Platforms | Meta Trader 4, Flat Trader |
Account currencies | Euro, Japanese yen, Polish złoty, Swiss franc, United States dollar |
Regulated & Registered by | FSA (UK) |
Are US Traders allowed? | No |
Bonus? (detailed) | |
Languages in which website is available? | English, French, German, Italian, Russian, Spanish, Turkish |
Languages in which Support is available? | English, French, German, Turkish |
Different Support methods? | CallBack, Email, Live Chat, Office, Phone, Web Form |
Types of Account (micro standard executive islamic) | Mini, Standard |
Minimum deposit in accounts | 2000 |
Minimum position size | 1 Lot |
Type of Spread? | Variable |
Minimum spread on EUR/USD, pips | 0.8 |
Is Scalping Allowed? | |
Types of Trading Instruments (GOLD; CFD, etc. and the leverage) | Forex- 1:400, Gold & Silver- 1:50, CFD – 1:400, Oil – 1:50, Stocks- 1:10, Indexes – 1:200, Agriculture- 1:50, Soft Commodities- 1:50, Metals – 1:50, Energies- 1:50, Bonds-1:50, ETF- 1:50 |
Real Trading platforms | Meta Trader 4, Flat Trader |
Digits after the dot in quotes | 5 |
Margin call level | |
Stop-out level | |
Total Number of currency pairs | 120 |
Any Bonus offers | Yes |
Affiliate program Available? | |
Facility of Overnight interest rates (swaps) | |
Do they have Trailing stop? | Yes |
Do they have Pending orders? | Yes |
Mobile trading allowed? | Yes |
Browser-based platform present? | Yes |
FXFlat broker also known by the name of HKK Invest was established in the year 1997 and also started internet based online trading service then itself. The company is well regulated by FSA, a regulating authority of United Kingdom and has their office in Germany. They offer free education to all their customers which help them hone their trading skills. They also offer to their customers managed accounts. With FXFlat the payment can be made through credit cards, debit cards and wire transfer. The company ensures that the deposit and withdrawal of money is made smoothly and is hassle free. They allow you to have Euro, Japanese Yen, Polish Zloty, Swiss Franc and United States Dollar in your account. They offer the largest number of currency pairs in the forex market, a staggering 120 pairs. With so many currency pairs to trade in the customers at are large to trade in whichever currency pairs they feel will give them profit.
A free demo account is also made available to the customers and is unlimited in use. The trading platform for demo account as well as for real trading is Meta Trader 4 and FlatTrader. The Meta Trader 4 is the trading platform which is used by most of the Forex broker in the forex market. FlatTrader is the in house trading platform of FXFlat broker and has a very friendly user interface. They offer many features which help the traders to trade smoothly. The company’s website is multilingual and is available in 7 languages and helps the native speakers to navigate easily. The customer support service is also multilingual but is available only in 4 languages that are English, French, German and Turkish. They offer two types of account Mini and Standard and the minimum amount required to open Mini account is $ 500 and for Standard account it is $2000.
If you go through the reviews posted online by the users of FXFlat broker, you will find that it has many satisfied customers. Most of the reviews speak about the large number of currency pairs that it has to offer to their customers. Also they like their website which is multilingual and that they offer free education on trading which help them learn them various trading skills. The trading platform is very stable and helps them trade successfully and is liked by many. Many traders who are always on move have written that their mobile trading service is excellent and helps in easy trading even when on the move. The customer support service is also of world class and very responsive. Some of the cons mentioned in the reviews are that the minimum amount required to open a mini account with them is $500 whereas standard account it is $2000 which is way too high. Also the spreads are variable through they are tight is a concern for many. However, the average rating given to the company by its users is 6.4 out of 10 which is pretty good.