FlowBank

What is 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.

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. Such clones can engage in fraudulent activities, lack investor protection measures, and cause reputational damage to the institutions they mimic. This not only harms individual investors but also undermines trust in the financial market.

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 of FlowBank

FlowBank offers three distinct trading pricing structures to cater to different trader needs: Classic Pricing, Platinum Pricing, and CFD Rebates.

1. 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.

  

1. 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.

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1. 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

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Account Types of 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

FlowBank offers four distinct trading platforms, each designed to cater to the varying needs of traders:

1. 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.

2. 

3. 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.

4. 

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.

1. 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:

1. 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.

2. 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.

3. 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 of FlowBank

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.

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.

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.