What is FlowBroker？
FlowBroker is an unregulated online trading platform that offers access to a wide range of financial instruments across various asset classes. It provides traders with the opportunity to trade over 4500 instruments spanning Forex, Indices, Commodities, Shares, Bonds, Exchange Traded Funds (ETFs), and Spot Metals. FlowBroker provides traders with competitive spreads, starting from 0 pips for major currency pairs like EURUSD in the ECN Account.
Additionally, clients can choose between two powerful trading platforms, FlowTrader, and MetaTrader 4 (MT4), both offering advanced features and user-friendly interfaces.
Pros & Cons
Pros:
Multiple Market Instruments: The platform offers diverse Market Instruments, including Forex, Indices, Commodities, Shares, Bonds, Exchange Traded Funds (ETFs), and Spot Metals, catering to various trading needs and experience levels.
Multiple Customer Support Channels: FlowBroker provides various customer support channels including phone, email, address, and live chat, enhancing accessibility and assistance for clients.
Cons:
Is FlowBroker Legit or a Scam？
FlowBroker currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.
Market Instruments
FlowBroker stands out for its extensive offering of trading instruments, providing access to over 4,500 instruments spanning across 7 asset classes. These asset classes include Forex, Indices, Commodities, Shares, Bonds, Exchange Traded Funds (ETFs), and Spot Metals, offering traders a diverse range of options to diversify their investment portfolios and capitalize on market opportunities.
Accounts
FlowBroker offers traders the option to open an ECN account with no minimum deposit requirements, providing flexibility and accessibility to traders of all levels. The ECN (Electronic Communication Network) account is designed to offer direct access to interbank liquidity, ensuring fast execution speeds and competitive pricing. This account type caters to both beginner traders looking to start with smaller deposits and experienced traders seeking advanced trading features and institutional-grade liquidity.
How to Open an Account？
Leverage
FlowBroker provides traders with a maximum leverage of 1:200 for Forex trading, offering ample opportunities to magnify returns while managing risk effectively. Leverage allows traders to control larger positions with a relatively small amount of capital, thereby amplifying their trading power. With a leverage ratio of 1:200, traders can increase their market exposure significantly, maximizing profits from favorable market movements.
Spreads
FlowBroker boasts competitive spreads across its range of accounts, with the EURUSD spread starting from 0 pips in the ECN Account. This ultra-tight spread ensures that traders can access favorable pricing dynamics when trading one of the most popular currency pairs.
Trading Platforms
FlowBroker provides its clients with a choice between two powerful trading platforms: FlowTrader and MetaTrader 4 (MT4).
The FlowTrader platform offers a user-friendly interface with advanced trading features designed to cater to the needs of both beginner and experienced traders. With FlowTrader, traders can access real-time market data, execute trades swiftly, and manage their portfolios efficiently.
On the other hand, MetaTrader 4 (MT4) is a renowned platform in the industry, known for its robust functionality and customizable charting tools. MT4 offers traders access to a wide range of technical indicators, expert advisors, and automated trading strategies, empowering them to analyze markets comprehensively and execute trades with precision.
Deposits & Withdrawals
The payment processing for deposits and withdrawals across various methods like Bank Transfer, VISA, MasterCard, Skrill, and NETELLER is efficiently managed with funds typically credited within one working day.
Deposits are usually processed within 30 minutes for card payments and e-wallets, while all withdrawals are processed within one working day. Additionally, both deposits and withdrawals are free of charge for all methods, ensuring a cost-effective transaction experience for users.
Customer Service
FlowBroker provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.
Phone: +1 (242) 698-4707
Email:customerservices@flow-broker.com
Address: Sassoon House, Shirley Street and Victoria Avenue, Nassau in the Island of New Providence, Bahamas
Live chat
From Monday to Friday, 05:00 am to 08:00 pm (GMT)
Conclusion
In conclusion, FlowBroker offers an extensive range of trading instruments, multiple trading platforms, and a wide range of accepted payment methods, making it an advantageous platform for various investors with varying investment styles and goals. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
