What is FlowBank?
FlowBank, registered in Switzerland, operates with a “Suspicious Clone” regulatory status. It has been in operation for 2–5 years and offers trading in currency pairs, CFDs, stocks, ETFs, funds, and cryptocurrencies. The minimum initial deposit is $0, with spreads starting from 0.0 pips. Trading platforms include MT4, MT5, FlowBank APP, and FlowBank Pro. Deposit and withdrawal methods are not specified. Customer support is available via email, phone, address, and live chat. Currently, there are no fraud complaints reported.
Is FlowBank Safe?
FlowBank is licensed as a suspicious clone by FINMA, which poses significant risks including potential financial losses for investors who might believe they are dealing with a legitimate entity.
Pros and Cons
Market Instruments
Currency pairs, CFDs, stocks, ETFs, funds .... FlowBank allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on FlowBank. cryptocurrencies are also available.
Spreads and Commissions
FlowBank offers three distinct trading pricing structures to cater to different trader needs: Classic Pricing, Platinum Pricing, and CFD Rebates.
- Classic Pricing
- CFDs Stocks: Commissions start from 2 cents per share or 0.10%.
- CFDs Forex: 0.8 pips on EUR/USD.
- CFDs Index: Spreads from 0.8 on US 500.
- CFDs Metals: Spreads from 0.2 on spot gold.
- Futures/Options: Starting from $3 USD/EUR/CHF/GBP plus exchange commission.
- Swiss Stocks: 0% commission.
- U.S. Stocks & Other Stocks: Commission as low as 0.15%, minimum $6.50 USD.
- ETFs: 0.15%, minimum $6.50 USD.
- Bonds: Commission as low as 0.35%, minimum 50 CHF.
- Funds: 0.15%, minimum 8 CHF.
- Platinum Pricing (Minimum initial funding of 100,000 CHF)
- CFDs Stocks: Commissions from 2 cents per share or 0.09%.
- CFDs Forex: 0.5 pips on EUR/USD.
- CFDs Index: Spreads from 0.8 on US 500.
- CFD Metals: Spreads from 0.2 on spot gold.
- Futures/Options: $1.50 USD/EUR/CHF/GBP plus exchange commission.
- Swiss Stocks: No commission.
- U.S. Stocks & Other Stocks: Commission as low as 0.10%, minimum $6.50 USD.
- ETFs: 0.10%, minimum $6.50 USD.
- Bonds: Commission as low as 0.20%, minimum 50 CHF.
- Funds: Same as classic at 0.15%, minimum 8 CHF.
- CFD Rebates
Monthly cash rebates structure for Forex, Indices, and Commodities:
- Tier 1:
- Rebates Thresholds: Trade between CHF 50 million to CHF 200 million
- FlowBank Rebate per CHF1 million traded: CHF3
- Tier 2:
- Rebates Thresholds: Trade between CHF200 million to CHF500 million
- FlowBank Rebate per CHF1 million traded: CHF5
- Tier 3:
- Rebates Thresholds: Trade over CHF500 million
- FlowBank Rebate per CHF1 million traded: CHF7
Account Types
As what weve shown in the pricing page, there are two account types in FlowBank: classic and platinum. However, further information is not available. We can only know that there is no minimum deposit for an account, and their trading conditions, of course, are different. The platinum account has a more favorable pricing.
Trading platforms offered by FlowBank
FlowBank offers four distinct trading platforms, each designed to cater to the varying needs of traders:
- FlowBank App: This mobile platform offers a streamlined and simple investing experience, allowing users to monitor their account details such as history, orders, balances, and positions easily. It features real-time market graphs for informed decision-making and an intuitive order entry interface for effortless trading.
- FlowBank Pro: Aimed at serious traders, this powerful platform can be used on both desktop and mobile devices. It includes advanced tools for strategy testing and executing sophisticated trades, supports over 50,000 instruments including stocks, ETFs, bonds, futures, and options, and features a basket trader for quick order placement across various instruments.
MetaTrader 4 (MT4): Renowned as the worlds most popular Forex trading platform, MT4 allows for automated trading with robust scripting tools and provides comprehensive analytical capabilities that are favored by experienced traders.
- MetaTrader 5 (MT5): As the next-generation platform for Forex and stock markets, MT5 offers enhanced technical indicators, graphical objects, and improved order management systems compared to its predecessor.
Educational Resources
FlowBank offers a robust array of educational resources designed to enhance the investing knowledge of its clients. These educational tools are structured to support continuous learning and enable traders to make informed decisions based on current market trends and fundamental investment principles, including:
- Financial News and Insights: FlowBank provides up-to-date market news and insights, helping traders stay informed about the latest developments in the financial markets.
- Academy: The FlowBank Academy offers comprehensive materials tailored for both beginners and experienced investors, covering all the essentials needed to embark on or continue an investing journey.
- Newsletters: Subscribers can receive daily newsletters from FlowBank, which deliver timely and relevant information to help them stay ahead of the financial markets.
Customer Support
FlowBank provides comprehensive customer service with several contact options to ensure accessibility and support for its clients:
- Languages Available: English, French, German.
- Service Hours: Customer service is available 24 hours a day, 6 days a week.
- Email Support: Customers can reach out via email at support@flowbank.com for assistance.
- Phone Support:
- General inquiries: +41 (0) 22 888 66 00
- Sales-related questions: +41 (0) 22 888 61 30
- Physical Addresses:
- Geneva Office: FlowBank S.A, Esplanade de Pont-Rouge 6, 1211 Geneva 26, Switzerland.
- Zurich Office: FlowBank S.A, Seidengasse 20, 8001 Zurich, Switzerland.
- Social Media: FlowBank is active on multiple social media platforms including Facebook, Instagram, LinkedIn, YouTube, and Twitter.
FAQs
Is this broker well regulated?
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
Does this broker offer MT4/MT5?
Yes, FlowBank offers both MT4 and MT5 for you to choose from.
Can I trade cryptocurrencies in FlowBank?
Yes, FlowBank currently offers trading services for cryptocurrencies.
Risk Warning
Online trading involves huge risks and you can lose all your invested capital. It is not suitable for all traders or investors.
Klausix
Austria
Withdraw. Not playing. Scam?
Exposure
2023-07-27
Mayerr
United States
Customer service is friendly, but the platform's user interface takes some getting used to. Once you're in, it's smooth sailing.
Neutral
2024-08-06
FX1218739660
Vietnam
What surprised me was that no inactivity fees applied, even if you don’t trade for several months. This is much reasonable compared with many other brokers. I am a person who always forget I have an account on some platform…
Neutral
2023-02-21
俞铸涛
Taiwan
My friend recommended me this broker for trading because of its low trading cost, supreme trading platform and nice support, and I thank him for that. Just have a try.
Positive
2022-12-19
FX1183411363
Hong Kong
Excellent! There are many traders who provide the mt4 trading platform, and there are many traders who provide the mt5 trading platform, but there are very few traders who provide both platforms at the same time. This is really good for me who wants to trade on two platforms at the same time The choice! Plus, they offer analog accounts and live chat support too, which is great!
Positive
2022-12-15
红阳
Taiwan
FlowBank's website is only in English, so if you are a friend who is not so good at English like me, you can stop wasting your time here haha, go out and turn right to find some companies that provide multilingual or at least Chinese.
Neutral
2022-12-14