Basic data of broker
Recommended for Investors and traders speaking German and focusing on European securities
Recommended for Forex traders familiar with the MetaTrader platform
Average trading and non-trading fees, low fund fees
Average trading fees, high non-trading fees, low forex fees
Stock and ETF fees
Deposit and withdrawal
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Markets and products
Disclaimer: 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
€100,000 for cash deposits and €20,000 for securities
£85,000 in the UK, €20,000 in other EU countries, no protection for residents of all other countries
Cyprus (and license from South Africa), UK, Mauritius
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
flatex's service is on par with FXTM's and a comparison of their fees shows that flatex's fees are slightly higher than FXTM's.
Account opening takes more effort at flatex compared to FXTM, deposit and withdrawal processes are more complicated at flatex, while customer service quality is somewhat lower than FXTM's.
Our experts rated the trading platform of flatex as being of the same quality as the platform of FXTM, found that clients have access to more markets and products with flatex, while FXTM provides somewhat better research and education.