Do you want to trade with FlowBank.com broker? Carefully read FlowBank reviews to know all about the broker whether to trade or not.

This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.

What is FlowBank?

FlowBank FX located at FlowBank.com is an offshore brokerage company with lot of promises for forex traders . The company is based in Zurich, Switzerland.

The broker openly presents regulation by  the Swiss Financial Market Supervisory Authority (FINMA). This, you find out.

In addition, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. More so, it presents a zero spread difference in Buy/Sell.

Does FlowBank Have Minimum Deposit?

FlowBank FX deposit is not indicated anywhere. In comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.

Meanwhile, the FlowBank doesn’t specify what payment methods it accepts.

Withdrawal process:

FlowBank withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements  that must be met before a withdrawal.

FlowBank Platform:

The broker presents several types of trading platforms – MetaTrader 4, MetaTrader 5 and its own FlowBank APP and FlawBank PRO. We couldn’t open a live account with this broker, as the registration requires an ID image to be uploaded as well as some other personal details.

Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.

As for FlowBank leverage, it can get up to 1:200. Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website

Things You Should Know about Flowbank.com Regulation

First of, FlowBank claims its registered address to be in Zurich and Geneva, Switzerland. It also claims to be regulated by the Swiss Financial Market Supervisory Authority (FINMA) and posts a link to the official website of this authority and its licensed firms. A quick search was enough to convince us that FlowBank is really licensed – the document dates from February 2023.

As you see, this is a relatively newly established firm without much experience in offering financial services. Moreover, it’s always for the best if the broker is authorized by more than one jurisdiction. Of course, one license is still enough, especially given the fact that the Swiss regulation is quite strict and one of the toughest in the world.

FlowBank Licensing and Regulation

It is not far from believing that illegitimate brokers do not have any financial regulation which means wiring your money for trading is risky. Thus, unlicensed and unregulated activities are truly a red flag and must be avoided.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

Bottom Line:

FlowBank located at Flowbank.com is a newly established firm without much experience in offering financial services. By all appearances, it’s always for the best if the broker is authorized by more than one jurisdiction. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.

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