flatex is a German broker, which operates as GmbH with seat in Kulmbach. The trade offer is very extensive arranged, whereby one put the focus additionally on a reliable Forex trade. Together with the parent company, FinTech Group AG, flatex is controlled by the European Central Bank and regulated by the German BaFin. This combination ensures a high degree of seriousness and security for the traders, whereby this security is given additional impetus by many years of experience. The company has been active on the market since 2006 and, according to its own information, serves around 120,000 customers in Austria and Germany.
2009 The company went public and set itself the goal of offering a fair and understandable offer in securities trading with the company motto “simply, better, trade”. With it one wanted to offer the trade with loans, foreign exchange, CFDs, warrants, certificates, funds and shares to trade-active private investors to comparatively favorable and completely particularly, to fixed tariffs. In addition, flatex attaches great importance to good service and also offers an extensive academy program. In August 2013, the company was voted best online broker. Through the executing credit institution biw für Investment und Wertpapier AG, flatex is affiliated to the Deposit Protection Fund of the Federal Association of German Banks.
flatex is reputable and offers a number of advantages that clearly outweigh the disadvantages. As Trader one can profit with the trade from a mobile App and use a demo account. Thus investors receive the possibility of keeping the overview of their trading activities in simple way and of testing strategies thereby. Especially for newcomers, flatex’s service forms a very good basis for successful securities trading. The very good conditions that flatex offers for securities trading support this strategy.
video preview of flatex
In the following video you will find our experiences with flatex in the summary. We will also show you how the registration works and show you the first steps with the provider.
You can watch the video now to get a preview of flatex:
Offer and Conditions
All in all, flatex provides a comprehensive offer for trading in securities. In addition to equities, it also includes ETFs and funds. Trading with Forex and CFDs is also possible. flatex offers a professional trading platform and provides you with a demo account for trading CFDs and Forex. With this demo account you can test trading with various securities in advance without investing your own capital.
The experience with flatex shows that the offer offers both newcomers and experienced traders targeted and professional assistance in trading with securities. In addition by no means different account models are needed, flatex processes all Trading activities over a depot, a clear advantage for the overview of your trading activities.
The off-exchange direct trade is possible with flatex already starting from 5,90 euro, for this the broker offers a Flat Fee. For every single trade you only pay the mentioned 5,90 Euro. Trading via Xetra costs from 7 Euro, for trading on US exchanges flatex charges a flat rate of 19,90 Euro. Thus the broker stands clearly in contrast to other providers, who usually charge higher fees for identical services.
On German stock exchanges trading is possible from five euros per transaction, in addition to stock exchange fees, which are quoted on the website at 87 cents. Beyond that flatex offers a trade with Premiumpartnern, with which the fees lie with 0 , which equals a free Trading.
Beim CFD trade lies with flatex the margin warranty with 20 per cent, all spreads for share CFDs are variable. flatex offers the Forex trade without transaction costs, at the same time both account and depot can be used completely free of charge. The latter is provided by the biw-Bank, deposits into the custody account can be made, for example, by bank transfer.
The mobile app of flatex
Many traders attach great importance to the fact that they have access to the trading platform at any time and everywhere in order to place orders or to query account balances and turnovers. Almost all brokers now offer their customers the option of using mobile trading options in addition to the stationary trading platform. flatex is no exception here. Anyone interested in mobile trading with flatex can access the mobile system from the company via a special address. Traders can download the corresponding app, for example, for the iPhone via the iTunes Store and for Android devices via the Google Play Store. At the same time, there is the alternative of using the respective QR code to directly access the mobile flatex platform or download the data via a smartphone.
The clear advantage of the various apps offered by flatex is that traders can access the system from almost anywhere. This allows them to react to price movements at any time and any place. The pleasant thing about this is that the apps have a self-explanatory and familiar trading interface. The communication takes place via a secure SSL connection and thus provides additional security. You can log in flexibly and quickly at any time via iPhone, smartphone or mobile phone and place trading orders. Another advantage is that the mobile platform provides access to both the portfolio and the order book. Of course, stock exchange and over-the-counter trading is also possible with the corresponding app.
In addition to the app required for trading, flatex provides its customers with the app “Börse” as an additional service for Android smartphones as well as iPhones. This is a free program with which traders can create a watchlist and display various charts. In this way, securities can be traded at any time via the “Trad” button. This additional “Stock market” app also contains a detailed view with high and low as well as daily changes. As an alternative to the apps, flatex also offers you a mobile website with which a variety of functions can be used, such as the display of information and mobile trading.
Bonus at flatex
More and more providers are using premiums and bonus offers to attract new customers. As a rule, these premiums are price reductions, free subscriptions or credit notes. flatex has not joined this trend so far, a premium to open an account is sought in vain. On the other hand the trade tariffs are so low that one can already call them premiums.
flatex is only active in the area of premiums for new customers to the extent that it pays its own existing customers a premium if they recruit new customers. For each new customer, existing customers receive 5 free orders with which shares or currencies can be traded. These orders usually cost additional fees, depending on the volume. With the premium, the customer receives 5 order placements allocated without fees.
With flatex, opening a securities account does not require excessive effort. Even beginners can register here quickly and easily. Who would like to open such a depot and trade afterwards, must fill out only a form and afterwards some private data make. After the application has been filled out correctly, it can be sent to flatex, where it will be checked. If there are no objections, flatex will open the securities account afterwards, nothing more stands in the way of your trade. The procedure for opening a securities account is almost identical for all brokers, there are no significant differences. The company’s support can be contacted quite easily via the hotline at the local rate, but can also be contacted via live chat.
Training and webinars
Whoever wants to receive regular further training and additional knowledge about trading, flatex offers various webinars. Even if the broker does not offer seminars directly on site, you have in any case the possibility to access online trainings and course offers. These courses and trainings offer opportunities to effectively improve your own trading and at the same time develop new trading opportunities and strategies.
The same applies to the use of the demo account which flatex has provided for Forex and CFD trading. It allows to practice trading or to simulate different strategies free of charge and without own capital investment. In our test we were able to find out that both the webinars and the demo account are valuable aids for finding one’s way around securities trading and for recognising new aspects again and again. flatex absolutely offers you these possibilities, which represents a further recommendation as a convenience solution for the customer.
Regulation and deposit protection optimally regulated
As a German company, flatex is subject to the supervision of the German BaFin and, as a recognised financial services provider, must have all the necessary approvals in Germany. This ensures a very high degree of security for the company’s customers. Customers are also very well protected when it comes to deposit protection. The execution of the securities order by biw AG ensures that the invested funds are secured via the deposit protection fund of the banks. In this way each customer is secured up to an amount of almost 4 million euros.
Registration with flatex
As a result of stricter legal regulations, the opening of a securities account is linked to various security regulations. This is intended to protect all parties against corruption, money laundering, fraud and rip-off. This results in opening an account at flatex in four necessary steps.
First of all, the form on the homepage must be completed. It must then be printed out and signed. It is very important for you to answer all questions asked by the broker in detail and honestly. The questions are personal and therefore also sensitive data, for example the financial background is queried. However, the details are absolutely necessary, as this is the only way for the broker to be able to judge whether he should approve you for trading again.
In the next step, you go to the nearest Post Office branch together with all the documents. This will carry out a PostIdent procedure free of charge for you, for which you absolutely need an identity card. The Swiss Post employee will check the correctness of the details you have provided on the basis of your identity card and then send all documents, including passport photos and identity card, to flatex. From then on, you will have to expect a letter from flatex in which you can be given important information, such as the ITAC card or the password for the securities account. As soon as you know the passwords and have made your first deposit, you can start trading.
The online broker flatex is certainly one of the best on the market, especially in terms of security and the trading offer available. Prospective customers have the possibility over a demo account their strategies in detail to test. Another advantage is that flatex is one of the few brokers who do not require a minimum deposit when opening an account. Also all costs are very transparent, among other things by the Flatrate model. Regardless of this flat rate, you can check all data and information available at the broker in detail in the statement.
For me, Flatex and seriousness is hard to beat. It’s a stock broker who’s only available online and doesn’t belong to any major bank, but the provider does his thing well. I am satisfied.
written 48 months ago
Recently flatex has reworked its in-house app once again thoroughly. This is now the point at which I would also like to give a short evaluation to the stock broker. Since the update I’m trading exclusively with the app. It is very clear and offers me all the information I need. Although the representation is very small, I can cope wonderfully with it. Now I can keep an eye on my shares from any point on the way and buy and sell them easily and very easily. I am also enthusiastic about the demo account. It’s really free and always worth it when I want to try and test new strategies and tactics. In addition, the trading conditions are very reasonable and solid. This allows me to buy stocks at very low prices. Years ago I had my securities account with another provider and was not happy there. What is still missing is an interest rate for the funds in my custody account. But basically I always use all my savings for stock purchases anyway, so I don’t see any need for that either.
written 46 months ago
In my search for a good broker, I became aware of Flatex promptly. Much to my delight I even received 5 Free Trades for the account opening. That’s a great thank you, which I had to use directly.
written 38 months ago
Once in a while I’ve only heard good things about Flatex, the big broker. Now I wanted to convince myself and see if the broker is really that good. For off-exchange trading I received five free trades as thanks for the registration. The account was opened very quickly within a few minutes.
written 37 months ago
I wanted to enter the CFD trade. Since I wasn’t quite sure yet, I wanted to try it first. At Flatex I had a CFD demo account set up. There I tested completely without risk extensively. There are many functions, chart analyses and a high flexibility with the broker. For me is certain that I remain with the broker.
written 35 months ago
My buddy recently told me about Flatex, so I became directly curious. There I opened an account. And practically no deposit and account fees are demanded from the broker. In general the costs are shown transparent.
written 24 months ago