Read our Fxflat review 2020 to see why many people come to this online broker for their crypto trading. Our detailed Fxflat review will reveal why the brand offers a great way to trade BTC/USD CFD Pairs with a MetaTrader account. You’ll probably know that this German broker has been a big name in the stock exchange market since it started operations in 1997. But we’ll show you why the Fxflat Bitcoin trading service is great news for anybody resident in countries like the UK, Australia, New Zealand and Canada. So keep reading our Fxflat review 2020 to find out more about this innovative online broker.
Pros & Cons of Fxflat
- Easy way to enjoy trading Bitcoin CFDs
- Excellent MetaTrader trading software
- Secure site and safe payment methods
- Helpful customer support options on live chat, email and phone
- Not available for US customers
Our Fxflat review found that this brand operates a professional and user-friendly site. It features a stylish white and blue colour scheme, and all of the information is presented in a clear and logical manner. While the website looks a little old-fashioned compared to some sites, it more than did the job.
We liked the inclusion of handy features like the live account, demo account, live chat and web trader in the sidebar. Plus there was even a handy search tool in this section. All of the relevant legal information is included in the website footer.
The Fxflat service is operational 24 hours a day, six days each week. You’ll find it offers you a competent and fully certified way to trade on a professional level. This is because you get the option to use highly regarded trading platforms such as MetaTrader 4 and 5, the AgenaTrader or the Trader Workstation. We can’t have a Fxflat review without mentioning the fact that the brand has created excellent MobileTrader and WebTrader trading apps.
However, Fxflat does a lot more than simply give you the tools for crypto trading. This is because the brand’s site has a range of weekly webinars and seminars to help you improve your understanding of the market. Such features help explain why Fxflat has enjoyed such a positive reputation over the past few years.
How To Trade
So how do you actually trade in cryptocurrencies at Fxflat? The first thing that you will need to do is to set up your Fxflat account. This can be done in just a few minutes. Simply click on one of the links on the home page to either open a MetaTrader Live Account or a Trader Workstation account. You’ll probably just need to use the MetaTrader option for trading the brand’s Bitcoin CFDs.
You’ll be given a series of prompts that ask you to enter in some contact information first. Then you will be required to make your first deposit. From here you may have to enter in some more personal information, and then verify yourself online.
By doing all of this your trading account will be activated. This means that you will be free to use the MetaTrader platform to see how many Bitcoin/USD CFDs you wish to buy or sell. Don’t forget that the same platform can be used for trading on anything from forex to futures. It’s never been easier to enjoy trading online.
Our Fxflat review 2020 found that the broker gives you a range of different options for adding funds to your account. You can simply make a deposit with a credit card or debit card brand such as Visa, MasterCard or Discover. There is also the provision for making free deposits via PayPal. Other ewallets accepted by Fxflat include Skrill and Neteller.
The minimum deposit amount will normally be at least €50. But our Fxflat review found that your first deposit may have to be at least €200 to open a MetaTrader account. This amount goes up to €2,000 for a Trader Workstation account.
We were impressed to find that Fxflat won’t charge you any fees for making deposits and withdrawals on its site. However, you should remember that different payment providers may add charges to online payments. Just so you know, you can withdraw via bank transfer and it should take just two banking days for the money to show up in your account.
It’s always important to check a broker’s fees before you sign up to its services. This is because fees and charges can have a big impact on what kinds of returns you get from your investments.
Thankfully our Fxflat review found that this broker has very reasonable fees and commission rates. This is because the brand will include all of its costs within the spread of the CFD used for your crypto trading. We found that Fxflat has a low spread for Bitcoin trades at around 35 pips which is much lower than you might find at other online brokers.
Other investments at Fxflat might incur other charges, however. While there are no portfolio fees, you could invest in options from €1.90 or futures from €0.90. Trades on the DE30 CFDs can be made from 0.9 pips. So by reading this Fxflat review 2020, you’ll see that this broker offers a cost-effective online trading service.
We can’t have a decent Fxflat review without discussing the brand’s customer support options. This is because there can often come a time when you need help with anything from setting up your account to making a withdrawal.
So our Fxflat review 2020 was glad to see that the brand’s customer service team is ready to take your queries. You can get in touch with one of the Fxflat customer support representatives 24 hours a day, five days a week. The easiest way to do so is to use the live chat service that can be found in the sidebar of the website. There are both English and German language options.
However, if you scroll down to the bottom of the site, you’ll also find a customer support email address. Plus there is the option of requesting a callback. Our Fxflat review found that the customer support agents were all competent and certified. All of which means that you’ll be in safe hands at Fxflat.
It’s always a good idea to check into how an online broker is licensed and regulated. Our Fxflat review 2020 found that the brand has been regulated by the Federal Agency for Financial Services Supervision and BaFin since 1998. Plus Fxflat has been a recognised securities trading bank since 2015. Such regulation means that Fxflat is duty-bound to provide its customers with a secure and responsible online trading service.
We were also impressed to find that Fxflat features a completely encrypted website. This means that all information that passes between your browser and the site will be in safe hands thanks to the SSL-level encryption technologies. This means that all transmitted data will not be accessible by other people. Just so you know, your deposits will be held in segregated accounts that are covered by the German EdW up to €20,000 per client.
Reputation and Customer Feedback
Our Fxflat review is just one place where this online broker has received plenty of praise. We have seen how the brand has won the CFD and Forex Broker of the Year award from numerous reputable finance sites. It won a Best Online Broker award as recently as 2020. This followed on from the Top Broker award by Fuchsbriefe and Deutsches Kundeninstitut in 2018.
Other awards claimed by the brand include accolades for Best Customer Service in 2013, and it even won the Reader Award in the same year at Börse am Sonntag. All of which points to a very highly regarded online broker site.
After reading our Fxflat review, you’ll see that this broker gives you a straightforward way to invest in the changing value of Bitcoin. Some hardcore cryptocurrency enthusiasts might be disappointed that this site only features CFDs for Bitcoin. But we think that this still offers you a decent way to get started in trading in this cryptocurrency without having to worry about setting up a crypto wallet.
Above all, Fxflat offers you a safe and easy way to enjoy trading in a wide range of products. The brand is fully regulated, and it has a professional responsive customer support team. Plus we have to admit that the featured MetaTrader software made it remarkably simple to start investing. All of which made for a very positive Fxflat review 2020.