Risk Warning
Online trading involves huge risks and you can lose all your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained herein is for general information purposes only.
General information and regulations of FlowBank
FlowBank is an online forex broker registered in Switzerland and currently not under any effective regulation.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
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 for trading with FlowBank
FlowBank has a pricing page where we can get a general information about the fees on different instruments and accounts. For example, in classic accounts, the commission is 0.15% for ETFs and funds, 0% for Swiss stocks, 0.20% for bonds, etcetera.
Account Types for FlowBank
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
As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.
However, have you ever wondered or are you wondering which platform you should use？ Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.
https://www.wikifx.com/es/wikishow/202207208464173722.html
Leverage offered by FlowBank
You can't find information about trading leverage on FlowBank's website. Some forex brokers offer leverage of up to 1:500, but newbies are advised to be cautious about such high leverage.
Deposit and withdrawal methods and fees
FlowBank is ambiguous about how deposits and withdrawals work. Wire transfers, MasterCard, VISA, Maestro and some e-wallet processors such as Skrill, Neteller, PayPal and others are some of the most frequent and popular payment methods handled by most Forex brokers. The speed of withdrawing funds from a forex broker is also one of the most important factors in building a broker's reputation.
Educational resources
A series of educational resources is available at FlowBank, such as market insights, livewire, TV, technical analysis, video tutorials, learning center, etcetera.
Customer support of FlowBank
Below are the details about the customer service.
Language(s): English, French, German
Service Hours: 24/6
Email: support@flowbank.com
Phone Number: For general inquiries: +41 (0) 22 888 66 00
For sales: +41 (0) 22 888 61 30
Address: FlowBank S.A, Esplanade de Pont-Rouge 6, 1211 Geneva 26, Switzerland
FlowBank S.A, Seidengasse 20, 8001 Zurich, Switzerland
Social media: Facebook, Instagram, LinkedIn, YouTube, twitter
Users exposures on WikiFX
We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.
Advantages and disadvantages of FlowBank
Advantages:
MT4, MT5
Educational resources
Many instruments available
Disadvantages:
No effective regulation
Few leverage, deposit and withdrawal information
No copy trading
Frequent asked questions about FlowBank
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.
2023-02-21 21:55
2022-12-19 13:53
2022-12-15 17:15
