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FX FLAT BANK

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Operating status: SCAM

Website: https://fx-flat.com/

Broker violations and abnormal records
  • 2024-01-31 The German BaFin identifies FX FLAT BANK as a case of identity theft

    On February 1, 2024, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) confirms that the website fx-flat.com is offering banking business and financial services without the necessary authorisation and is not operated by FXFlat Bank GmbH. This is a case of identity theft against FXFlat Bank GmbH, which is supervised by BaFin. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_01_17_fx_flat_en.html

    On February 1, 2024, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) confirms that the website fx-flat.com is offering banking business and financial services without the necessary authorisation and is not operated by FXFlat Bank GmbH. This is a case of identity theft against FXFlat Bank GmbH, which is supervised by BaFin. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_01_17_fx_flat_en.html
  • 2024-02-01 BrokersView has reviewed that FX FLAT BANK is an unregulated trading platform

    FX FLAT BANK has been investigated by the Federal Financial Supervisory Authority (BaFin), as the unknown operator of the website fx-flat.com uses this website to offer banking business and financial services without the necessary authorisation. 

    According to the BaFin, the operator claims to be based in Ratingen, Germany, and uses the website, which is available only in Italian, to try to convince consumers to open a trading account. The website lists the former headquarters (Josef-Schappe-Straße 21, Ratingen) and telephone number of FXFlat Bank GmbH, a licensed entity by BaFin. In fact, the website falsely claims to be licensed by BaFin and has nothing to do with FXFlat Bank GmbH. This is a case of identity theft against FXFlat Bank GmbH.

    As such, FX FLAT BANK poses significant risks to investors. It is advised to steer clear of this scam.

    FX FLAT BANK has been investigated by the Federal Financial Supervisory Authority (BaFin), as the unknown operator of the website fx-flat.com uses this website to offer banking business and financial services without the necessary authorisation. According to the BaFin, the operator claims to be based in Ratingen, Germany, and uses the website, which is available only in Italian, to try to convince consumers to open a trading account. The website lists the former headquarters (Josef-Schappe-Straße 21, Ratingen) and telephone number of FXFlat Bank GmbH, a licensed entity by BaFin. In fact, the website falsely claims to be licensed by BaFin and has nothing to do with FXFlat Bank GmbH. This is a case of identity theft against FXFlat Bank GmbH.As such, FX FLAT BANK poses significant risks to investors. It is advised to steer clear of this scam.
  • 2024-03-17 The CONSOB issues a warning about FX FLAT BANK

    On March 18, 2024, the Commissione Nazionale per le Società e la Borsa  (CONSOB) added FX FLAT BANK to its warning list as a fraudulent trading platform. https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

    On March 18, 2024, the Commissione Nazionale per le Società e la Borsa (CONSOB) added FX FLAT BANK to its warning list as a fraudulent trading platform. https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

Related Complaints

Q&A

Does FX FLAT BANK allow scalping and hedging?

JuliaHammer
Finland
2024-02-20
ANSWER We strongly advise against any engagement with FX FLAT BANK, a platform that has received a warning from the German financial regulator.The Federal Financial Supervisory Authority (BaFin) has conducted an investigation into this investment website and subsequently issued a warning. The warning indicates that the unidentified operator of this website is providing financial services and conducting banking business without the necessary licenses, which is illegal.In the absence of regulatory oversight, there are no protections in place for investors who engage with FX FLAT BANK. This exposes them to potential fraud and identity theft. To mitigate such risks and ensure a safer trading environment, it is recommended to avoid unlicensed platforms like FX FLAT BANK and instead opt for those that are strictly regulated.
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