FlowBank Review: In-Depth Exploring Safety, Platforms, and Fees

This FlowBank review is for you if you’re seeking a trustworthy broker. We review FlowBank’s regulations, platform, and charges! To distinguish legitimate brokers from bad ones, continue reading.

Who Is FlowBank?

Since its establishment in 2020, FlowBank is an online bank headquartered in Geneva, Switzerland. The first bank to provide online foreign exchange trading to retail customers was their initial company, Synthesis. 

Regulation info

FlowBank Switzerland is an online bank that offers banking and investment services. They are regulated by the Swiss Financial Market Supervisory Authority (FINMA) under the license number CHE-445.530. 584.

The broker is operating from Switzerland, Germany, and France. Businesses subject to FINMA regulation may offer trading services in both Germany and France, but they must also adhere to local regulatory rules in both countries. Despite not being a member of the EU, Switzerland has a financial services agreement in place. 

For now, FlowBank appears secure, but further investigation is required before we can recommend them to traders.

FlowBank Profile 

We checked through FlowBank’s profile and gathered some important info. While it is apparent that they are regulated, there are numerous more qualities to consider in a broker. 

Is FlowBank Safe?

On FlowBank’s website, everything was transparent, and you could download PDF files to review every detail. We found some information regarding FlowBank and CoinShares. 

In the fall of 2021, FlowBank revealed that CoinShares International (OTCQX: CNSRF) had become a new stakeholder and had bought a 9.02% interest in FlowB Holding. Following the FINMA’s approval and in accordance with a contract signed on March 14, 2022, CoinShares purchased a 20.28% interest in FlowBank.

Make sure not to miss our reviews about Eightcap, Degiro, and Sway Markets.

FlowBank Clients Reviews: What can clients tell us?

Unfortunately, the reviews for FlowBank don’t give us much hope. There are 42 reviews in all, the majority of them are unfavorable. The account opening process’s delay, customer service, and software problems are the main topics of the 57% of unfavorable evaluations. Though Wiki itself gave FlowBank a 1-star company rating, the positive FlowBank Wiki reviews caught us off guard the most. 

Finding a reliable broker is difficult and necessitates extensive investigation. Reach out to us immediately, and we’ll help you locate a broker matching your trading preferences. 

FlowBank Investment Products

FlowBank provides a wide selection of trading and investment products. Stocks, options, bonds, funds, ETFs, futures, FlowBank forex, and CFDs can be traded. With minimal spreads, 4,500 CFDs are available for trading. Commodities, metals, and stock indices are a few of the markets you can trade with CFDs. 

The bank offers access to more than 50,000 financial goods at the greatest prices and online trading and investing services. They provide comfort to seasoned traders with their FlowBank platform, but new traders can also benefit from it using MT5. 

Deposits and Withdrawal Methods

Wire transfers and credit cards are both acceptable methods for deposits and withdrawals. With the FlowBank app, you can fund your account in only a few clicks. Your funds will become available if you choose to deposit using a credit card in only ten minutes. FlowBank accepts more than 20 different currencies. The FlowBank app also allows you to request withdrawals, and the procedure is simple. 

By only providing secure payment options, FlowBank ensures the security and safety of both their customers’ funds and themselves.

Mobile trading apps and other trading platforms

The trading platforms offered by FlowBank are unique in a variety of ways. In addition that they support many assets and currencies, they also offer access to international markets. Trading platforms they offer are: 

• MT4
• MT5
• FlowBank App
• FlowBank Pro

You get mobile-only access to stocks and ETFs through the FlowBank app. Alternatively, you can improve your trading with the mobile and desktop trading platform FlowBank Pro, which offers you even more sophisticated features and capabilities. Well-known trading platforms like MT4 and MT5 offer safety and are less susceptible to manipulation than alternative platforms.

FlowBank Education

You may discover how to get started with both setting up an account and learning how to trade at FlowBank’s learning center. There are tutorials for new traders, the most recent market and stock research, and explanations of the trading industry and how to get started, among many other things. 

Additionally, there are events to broaden your understanding of markets, products, or advanced features on their trading platforms, as well as video training on how to trade and where to invest your money.

Pros and Cons of FlowBank Broker

Personal experience with FlowBank and expert opinion of the author

Overall, I believe it is safe to state that FlowBank is a solid broker. We won’t lie; there are better ones out there because FlowBank is lacking a crucial component: client reviews. We can’t state that he is unsafe, but other people’s experiences do give us a feeling of security to continue trading with that broker. 

Most significantly, due to FINMA regulations, their clients remain secure and there are no warnings issued against them. FlowBank is a solid option, particularly for seasoned traders, depending on your trading tastes. 

FAQ Section