Of course, the well-known online brokers also live not only from love and air, but instead have to raise fees to cover the costs for licenses, trading platforms and services. These expenses are mostly covered by spreads and commissions that have to be paid by the customer to the broker - and this is basically the same with FXFlat. You can find out exactly how the FXFlat fees are calculated in CFD trading and in which form these fees have to be paid to the German broker.
The FXFlat fees at a glance
- Spreads from 0.8 pips on EUR / USD
- Commissions for stock CFDs of 0.09% or 4 cents for US stocks
- No account management fees
- Financing costs Basis of the Libor of 2.5% p. a.
- Variable margin between 0.25% and 1% in Forex trading
How does a broker make his money?
To survive in the market online brokers must also make money. This usually happens through the spread that the customer pays to the company for each open position: The spread is the difference between the bid and ask price of a financial product - this difference is calculated in pips and sent to the broker paid. The spread itself is either fixed or variable and each of these models has different advantages and disadvantages in different market phases.
In addition to the spread, numerous online brokers also collect the so-called Commissions, which are usually either levied on all financial products (this is usually the case with DMA brokers) or only charged when trading shares (CFDs). The exact calculation of this commission is usually based on a certain percentage and is therefore primarily dependent on the trading volume of the trader.
The spread and the commission are considered basic fees and therefore belong to the The "standard repertoire" of every online broker - as well as the financing costs that arise when the trader wants to hold his position even after the market closes, for example overnight or over the weekend. These financing costs are usually calculated according to the Libor and usually amount to a percentage of 2.5% - the inactivity fee, which may also apply in part, is calculated at the broker's own discretion, as is the one Account maintenance fee.
All of these costs are part of the usual fees charged by brokers - which doesn't mean they have to be the only ones.
Although CFD trading involves a high level of risk, high profits can sometimes be achieved. For this, however, traders must keep an eye on the prices and can e.g.
Of course, online brokers also have to make a living - traders finance the trading platforms, licenses and services primarily through the spread, the difference between the bid and ask price calculated in pips and can be fixed or variable. Commissions, financing costs, account management fees and inactivity fees are also typical broker costs.
What can you spend $10 on?
The FXFlat fees in CFD trading under the microscope
FXFlat also has various fees to enable its customers to continue trading via trading platforms such as MetaTrader 4, FlatTrader, WebTrader or Mobile Trader and to be able to continuously develop. The FXFlat fees in CFD trading primarily include the spread, which is also charged by most other online brokers: With FXFlat, the variable spread starts at 0.8 pips on EUR / USD, trading in the DAX30 has a price of 1 pip and EUR / GBP can also be traded at a spread of 1 pip.
In addition to the spread, the usual commissions are charged - but only on Share CFDs: European shares can be bought at a commission rate of 0.09%, the sale is free of charge. This is also the case when trading in US shares, however the purchase price is 4 cents per share - a minimum fee does not exist for trading in European or US shares.
In addition to commissions and spreads, neither account management fees nor inactivity fees are included in the FXFlat fees in CFD trading - traders should, however, still pay the financing costs of 2.5% p. a. on long and short positions.
Of course, FXFlat also charges various fees in order to cover its costs: This primarily includes the variable spread from 0.8 pips on EUR / USD as well the commissions incurred when trading stock CFDs. When trading European stocks, these add up to 0.09% of the trading volume, while US stock CFDs can be traded at a commission of 4 cents per share without a minimum fee. Finally, financing costs of 2.5% p. a. based on the Libor.
All applicable FXFlat fees are transparently displayed on the broker's website
What do you get for this price?
Of course, traders also want to be rewarded for the fees they have to pay with a corresponding service: The German company FXFlat has seen increasing growth since its foundation and today enables its customers to trade numerous CFDs, Currency pairs and forex options via the proven MetaTrader 4 and in-house trading platforms such as the FlatTrader, the WebTrader or the Mobile Trader. Beginners in particular also benefit from a customer-friendly education and analysis offer, which includes book tips, video courses, the autochartist and an economic calendar.
If practical experience is also required, the trader can use the FXFlat demo account Make use of it, with which he can test the various trading platforms of the company risk-free and take first steps in CFD trading without real use. A demo version of AgenaTrader is now available to all customers who use the MetaTrader DE account with FXFlat. The AgenaTrader enables fully automatic trading, offers more than 120 indicators and allows over 2,000 charts and 100 trades to be opened at the same time. AgenaTrader is currently still in the beta phase. Subsequently, however, all traders with a MetaTrader account DE should be able to benefit from the trading platform. Should there still be any questions unanswered, German-speaking customer support can be reached by mail, telephone and via live chat - traders will never be in the Rain left.
FXFlat's offer includes numerous CFDs, currencies and Forex options that can be traded via trading platforms such as MetaTrader 4, FlatTrader, WebTrader or Mobile Trader. Beginners can take advantage of a small educational offer as well as the broker's demo account and contact the company's German-speaking customer support if they have any questions or problems.
Traders can contact themselves by phone, email and live chat contact the company's customer support
Conclusion: The FXFlat fees are in the average range
Of course, the German online broker FXFlat also has to charge various fees to be on the market to be able to survive. These fees primarily include the variable spread, which starts at 0.8 pips on EUR / USD, but the commissions that accrue also put money into the broker's pockets: trading European stocks costs a percentage fee of 0.09%, while trading in US stocks requires a commission of 4 cents per share to be paid. In addition to the financing costs of 2.5%, there are no further fees for trading CFDs and currencies via MetaTrader 4, FlatTrader, WebTrader or Mobile Trader from FXFlat.