Overview of Flaebuy
Flaebuy, founded in 2023 and based in the United Kingdom, offers access to over 250 trading instruments, including forex, CFDs on metals, energy, futures, commodities, and indices.
The platform operates under the National Futures Association with an unauthorized status (License No. 0563260). Flaebuy's trading platform is user-friendly and accessible on various devices such as computers, tablets, iOS, and Android. It offers competitive spreads starting from 1 pip for standard accounts and 0.0 pip for ECN accounts, with a $6 commission per round trade on ECN accounts.
Minimum deposit requirements start at $200, and customer support is available 24/7.
Regulatory Status
Flaebuy operates under the regulatory oversight of the National Futures Association (NFA) in the United States, holding a Common Financial Service License with the license number 0563260.
However, it currently holds an unauthorized status. This means traders using Flaebuy do not benefit from the protections and assurances typically provided by a fully authorized and regulated broker.
Pros and Cons
Pros:
- Low spreads from 0.0 pip：Flaebuy offers competitive spreads starting at 0.0 pip for its ECN account, which can benefit high-frequency traders looking for minimal trading costs.
- Over 250 trading instruments：Traders have access to a wide range of over 250 financial assets, including forex, CFDs on metals, energy, futures, commodities, and indices.
- User-friendly trading platform via various devices：Flaebuys platform is accessible on multiple devices including computers, tablets, iOS, and Android, providing flexibility and convenience for traders to manage their accounts anywhere.
- 24/7 live support：The platform provides round-the-clock customer support through various channels, ensuring that traders can get assistance at any time.
Cons:
- Unauthorized regulatory status：Flaebuy holds an unauthorized status under the National Futures Association (NFA) with license number 0563260, which can affect the level of trust and security perceived by potential users.
- High commissions on ECN account ($6/round trade)：While offering low spreads, the ECN account comes with a commission of $6 per round trade, which can be a significant cost for frequent traders.
- Minimum deposit of $200：The platform requires a minimum deposit of $200 to open an account, which might be a barrier for new traders with limited initial capital.
Market Instruments
Flaebuy, headquartered in the United States, provides traders access to a wide range of financial assets encompassing over 250 instruments.
These include Forex currency pairs from major, minor, and exotic categories, CFDs on metals such as gold, silver, and platinum, energy products like crude oil and natural gas, futures commodities such as agricultural products and industrial materials, and a variety of indices representing global stock markets.
Account Types
Flaebuy offers two distinct account types: STANDARD and ECN, each tailored to different trading preferences and experience levels.
The STANDARD ACCOUNT is characterized by features such as instant execution and a minimum deposit requirement of $200. It provides leverage up to 500:1 and offers trading on multiple commodities including Cocoa and Soy CFDs. With spreads starting from 1 pip and no commission charges, this account type can appeal to new or intermediate traders seeking competitive trading conditions with lower initial financial commitment.
Conversely, the ECN ACCOUNT under Flaebuy also features instant execution and the same $200 minimum deposit. It offers tighter spreads starting from 0.0 pips but charges a $6 commission per round trade. This account type suits more experienced traders who prioritize low spreads and are comfortable with paying a commission per trade. The leverage of up to 500:1 remains consistent across both account types, providing ample flexibility for leveraging trading positions.
How to Open an Account？
Fast Account Setup
- Visit the Flaebuy website and click on the “Open Account” button.
- Fill in the registration form with your personal details, including name, email, and phone number.
- Create a secure password for your account.
ID Check
- Upload a valid form of identification, such as a passport or driver's license.
- Provide a proof of address document, like a utility bill or bank statement.
- Submit the documents for verification to complete the identity check process.
Deposit Funds
- Choose a deposit method that suits you from the available options, including bank transfer, credit/debit card, or cryptocurrency.
- Enter the amount you wish to deposit (minimum deposit is $200).
- Confirm the deposit and wait for the funds to be credited to your account.
Start Trading
- Once your funds are deposited, log into your Flaebuy account.
- Navigate to the trading platform and select from over 250 financial instruments, including Forex, CFDs on metals, energy, futures commodities, and indices.
- Begin trading and managing your investments.
Leverage
Flaebuy offers a maximum leverage of 500:1 for both the STANDARD and ECN accounts. This high leverage ratio allows traders to control large positions with a relatively small amount of capital.
Spreads & Commissions
Flaebuy offers competitive spreads and commission structures to suit different trading styles.
The STANDARD account features spreads starting from 1 pip with $0 commission, making it an attractive option for new traders or those who prefer lower costs per trade.
The ECN account, on the other hand, offers tighter spreads starting from 0.0 pips, but includes a $6 commission per round trade. This structure is beneficial for high-frequency traders who require minimal spreads to maximize their trading strategies.
When compared to popular brokers, Flaebuy's fee structure is relatively competitive. Many well-known brokers offer similar spreads and commissions, with some providing tighter spreads but higher commissions. Flaebuy's STANDARD account is comparable to brokers like IG and OANDA, which also offer low or zero commissions with slightly higher spreads. The ECN account is similar to brokers such as FXCM and Pepperstone, which provide very low spreads but charge per-trade commissions.
Trading Platform
Flaebuy offers a versatile trading platform Flaebuy accessible across various internet-enabled devices, including computers, tablets, iOS, and Android.
This flexibility allows traders to monitor transactions and adjust strategies conveniently from any location. The platform supports a wide range of trading instruments, boasting access to over 250 financial assets. It is known for ultra-fast trade executions, which is crucial for executing timely trades in volatile markets.
Flaebuy's platform is compatible with Expert Advisors (EAs) and includes built-in thousands of indicators for comprehensive market analysis. The platform also features customizable charts and a user-friendly layout designed to enhance trading efficiency and ease of use.
Flaebuy's trading software is available for download on PC, Apple Store, and Google Play Store, ensuring accessibility across different operating systems and devices.
Deposit & Withdrawal
Flaebuy offers a variety of deposit and withdrawal methods. These include MasterCard, Bank Transfer, Skrill, and Neteller. These options provide flexibility and convenience for traders looking to fund their accounts or withdraw their earnings.
The minimum deposit required to open an account with Flaebuy is $200. This applies to both the STANDARD ACCOUNT and the ECN ACCOUNT. This relatively low entry point allows new traders to start trading without a significant initial financial commitment.
Customer Support
Flaebuy provides customer support via multiple channels, including phone at +44 7535 697466, email at support@flaebuy.cc, and live chat on their website. This ensures traders can get assistance quickly and efficiently whenever needed.
Conclusion
Flaebuy offers over 250 trading instruments, competitive spreads starting from 1 pip, and a user-friendly platform accessible across devices. The availability of 24/7 customer support and educational resources also enhances its appeal.
However, the platform operates with an unauthorized regulatory status under the NFA, potentially impacting trust. Additionally, while the minimum deposit requirement of $200 is accessible, the $6 commission per round trade on ECN accounts can deter frequent traders looking to minimize costs.
FAQ
How can users open an account with Flaebuy？
Users can open an account by completing a quick registration process online, submitting identification documents, and depositing at least $200.
What trading instruments are available on Flaebuy？
Flaebuy offers over 250 financial instruments, including forex, CFDs on metals, energy, futures, commodities, and indices.
How can users contact Flaebuy's customer support？
Users can reach Flaebuy's customer support team 24/7 via phone at +44 7535 697466, email at support@flaebuy.cc, or through live chat on their website.
What are the trading platforms supported by Flaebuy？
Flaebuy's trading platform is accessible on computers, tablets, iOS, and Android devices, providing flexibility for traders.
What are the minimum deposit requirements for Flaebuy？
The minimum deposit to open an account with Flaebuy is $200, regardless of the account type chosen.
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.
