FXFlat is one of the few German brokers for contracts for difference, also known as CFDs. From Ratingen near Düsseldorf, the company belonging to Heyder Krüger & Kollegen Vermögensberatung und -verwaltung GmbH primarily supports customers from German-speaking countries. Since more and more classic CFD brokers have also been offering binary options, the question has arisen as to whether FXFlat can also be traded in binary options expanded the new option type. If you already have a CFD trading account, you can easily open one for binary options. If you are not yet a customer, you have to decide when registering whether you want to open a trading account for CFD and Forex (i.e. foreign exchange), a MetaTrader Forex account or just an account for binary options. You can trade options on currency pairs, indices and commodities. FXFlat does not currently offer binary options on stocks, the focus is on currency pairs.
Binary options on the FXFlat platform and trading types
You can only trade with a Webtrader, so no software needs to be installed. FXFlat offers several types of binary options, for example One Touch Options, in which a specific price target must be reached at least once during the term. A specialty are double touch contracts, in which the target price has to be reached twice. The binary options are also offered by FXFlat in cooperation with the British partner GFT and are therefore subject to the supervision of the British Financial Services Authority (FSA). In addition, Heyder Krüger & Kollegen is controlled by the German Federal Financial Supervisory Authority (BaFIN).
Tip: If you want to know more about the broker, read our FXFlat experience much background information.