This profile is currently being reviewed by the BestForex.io editorial team. Some information may be incomplete or subject to change.
flatex Review
flatex is a German discount broker under flatexDEGIRO SE, the same bank group as DEGIRO, and BaFin ordered special oversight of it in 2023.
Min Deposit
$25
Spreads From
Order fees from about 5.90 euros per stock trade in third party comparisons, CFD pricing is spread based
Max Leverage
Up to 1:30 for retail clients on CFDs, depending on the instrument, via market maker Societe Generale
Platforms
flatex web platform, flatex trader app
Pros
- Low order fees, for example 5.90 euros on a 5,000 euro stock trade in tests
- Wide product range, from stocks and ETFs to crypto, certificates, and CFDs
- New customers can currently get 20 trades with no order fee
- Backed by flatexDEGIRO SE, one of Europe's largest retail brokers by accounts
Cons
- BaFin ordered a special representative into its bank in 2023 over risk gaps
- The same bank breached anti money laundering rules under German banking law
- CFD trading carries real leverage risk, with Societe Generale as counterparty
- Mainly built for customers based in Germany and Austria
flatex has run as a low cost brokerage brand since 2006, tracing back to a company once called FinTech Group. It now trades stocks, ETFs, funds, crypto, certificates, and CFDs from one account, reaching about 40 trading venues. Its parent, formerly flatexDEGIRO AG, became flatexDEGIRO SE in December 2025.
The bank behind flatex is flatexDEGIRO Bank SE in Frankfurt, the exact same bank that runs DEGIRO in Amsterdam. BaFin and the Bundesbank supervise it. On CFDs, flatex uses Societe Generale as market maker, with retail leverage capped near 1:30 depending on the instrument.
In February 2023 BaFin ordered flatexDEGIRO Bank to fix serious gaps in risk management and money laundering checks, and placed a special representative inside the bank to watch the fixes. Cash deposits stay protected up to 100,000 euros under the EdB scheme, and securities are held separately in custody.
Min. Deposit
USD 25
Max Leverage
Up to 1:30 for retail clients on CFDs, depending on the instrument, via market maker Societe Generale
Spreads From
Order fees from about 5.90 euros per stock trade in third party comparisons, CFD pricing is spread based
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
