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FlowBank Review 2024

Written by
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg

June 14, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail CFD accounts lose money You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FlowBank’s recent bankruptcy proceedings and lack of regulatory licenses bring down its overall Trust Score to a "Do Not Trust" level.

Note: As of 13 June 2024, Swiss regulator FINMA has opened bankruptcy proceedings against FlowBank SA, stating that the bank no longer has the minimum capital required for its business operations.

Overall Rating

7.7 / 10

Minimum Deposit


Trust Score info

Do Not Trust

feedRecent news

June 2024: As of 13 June 2024, Swiss regulator FINMA has opened bankruptcy proceedings against FlowBank SA, stating that the bank no longer has the minimum capital required for its business operations. You can find out more by reading FINMA's official press release.

Pros and Cons

thumb_up_off_alt Pros

  • Extensive Tradeable Symbols: FlowBank offered an impressive array of over 400,000 symbols.
  • Robust Platform Options: Included popular platforms like MetaTrader 4 and 5 and a proprietary platform.
  • Copy Trading: Enabled traders to mirror the strategies of experienced traders.

thumb_down_off_alt Cons

  • Limited Educational Resources: Lacked advanced educational videos, which might be a setback for advanced learners.
  • Geographic Restrictions: Not authorised by ASIC or FCA, and not MiFID regulated, limiting its accessibility for some international traders.
  • Beginner Education Rating: Received a slightly lower rating in beginner education, which could be improved.

Ratings Summary

  • Investment Types - 10/10
  • Commissions & Fees - 7.5/10
  • Trading platforms - 7.5/10
  • Research - 7.0/10
  • Mobile Apps - 8.0/10
  • Education - 7.0/10
  • Overall - 7.7/10

FlowBank Bankruptcy

Bankruptcy proceedings have been opened against FlowBank, what happens now?

FINMA, the Swiss financial markets regulator, has initiated bankruptcy proceedings against FlowBank SA due to its breach of regulatory capital requirements. As a result, trading has been halted and no new transactions can be initiated. A list of claims will be assessed for every FlowBank client to determine their eligibility as claimants.

All creditors – including customers who held bank accounts at FlowBank – will have to register their claims with the liquidator. For any questions, FlowBank clients should contact the official liquidator, Walder Wyss AG (, based in Switzerland.

Will I get all of my money back from FlowBank?

All FlowBank banking client deposits are insured up to 100,000 CHF, thanks to the mandatory deposit insurance in place for Swiss banks via esisuisse.

According to the regulator's press release, clients with more than 100,000 CHF on deposit at FlowBank will be included in the claims and paid out in whole or in part as proceedings move forward, depending on available assets. Amounts in excess of 100,000 CHF become part of a third class of bankruptcy claims.

Creditors receive priority in a bankruptcy proceeding. If you hold a deposit at FlowBank, you can expect to be contacted by the liquidator, Walder Wyss AG, to discuss payment options afforded to you as part of the liquidation process.

When will I receive my money from FlowBank?

According to FINMA, up to 100,000 CHF will be paid out, per customer, within seven days of providing payment instructions to the liquidator. If you are a FlowBank customer, it would be prudent to contact the liquidator immediately to begin the withdrawal process.

What will happen to securities held at FlowBank?

The manner in which securities are held at FlowBank (either in its name as owner, or in the name of underlying client accounts) will determine whether securities will be exempt from the bankruptcy process or liquidated to become part of the bankruptcy. It is expected to take several weeks to determine how the shares are held in terms of ownership. In the US, for example, it is customary for many brokers to hold the shares in the brokers own name, also known as the “street” name. US brokers only hold securities in the customers name if a customer requests to have share certificates mailed to them.

Who can I contact at FlowBank if I have any questions?

The FlowBank website now displays a static landing page related to this bankruptcy case, directing clients to contact the liquidator at [ ].

Can I trust FlowBank?

FlowBank’s recent bankruptcy proceedings and lack of regulatory licenses bring down its overall Trust Score to a "Do Not Trust" level. This trust data is credited to the forex industry research website

FlowBank is currently licensed and/or authorised by the following regulatory bodies:

  • Tier-1 Regulators - None
  • Tier-2 Regulators - None
  • Tier-3 Regulators - None
  • Tier-4 Regulators - None

Is FlowBank good for beginners?

FlowBank is a decent choice for beginners, providing beginner education videos and general forex or CFD education, though its overall educational offerings are rated slightly lower than others, indicating there is room for improvement.

Feature FlowBank logoFlowBank
Education (Forex or CFDs) info Yes
Client Webinars info No
Videos - Beginner Trading Videos info Yes
Videos - Advanced Trading Videos info No
Investor Dictionary (Glossary) info No

FlowBank commissions and fees summary

FlowBank's commissions and fees are viewed as competitive within the industry. While the average spread cost for the EUR/USD pair is not disclosed, its general fee structure, including the availability of active trader discounts, makes it an attractive option for both new and experienced traders.

Feature FlowBank logoFlowBank
Minimum Deposit info $0
Average Spread EUR/USD - Mini info N/A info
Average Spread EUR/USD - Standard info N/A info
All-in Cost EUR/USD - Active info N/A info
Active Trader or VIP Discounts info Yes

FlowBank trading platforms and tools

tips_and_updates Did you know? Trading platforms comparison

Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.

FlowBank provides a robust selection of trading platforms and tools that are highly recommended. It offers both MetaTrader 4 and 5, alongside its proprietary platform, enhancing trading experience.

Trading platforms offered: MetaTrader 4, MetaTrader 5, and a proprietary platform.

Trading tools: Provides a comprehensive suite of trading tools through its platforms.

Copy trading: Available, enabling users to replicate the trades of experienced traders.

Feature FlowBank logoFlowBank
Virtual Trading (Demo) info Yes
Proprietary Platform info Yes
Desktop Platform (Windows) info Yes
Web Platform info Yes
MetaTrader 4 (MT4) info Yes
MetaTrader 5 (MT5) info Yes
DupliTrade info No

FlowBank trading platform screenshots

Mobile trading apps at FlowBank

FlowBank provides efficient mobile trading apps, enhancing trading flexibility and accessibility.

Feature FlowBank logoFlowBank
Android App info Yes
Apple iOS App info Yes
Mobile Economic Calendar info Yes
Mobile Alerts - Basic Fields info Yes
Mobile Charting - Draw Trendlines info Yes
Mobile Watchlist info Yes

FlowBank mobile app screenshots

How do I open an account with FlowBank?

To open an account with FlowBank, follow these simple steps:

  1. Visit the FlowBank website.
  2. Navigate to the account opening page.
  3. Provide the required personal information.
  4. Complete the verification process.
  5. Fund your account to start trading.

What can I trade at FlowBank?

At FlowBank, traders have access to a diverse range of assets, with 52 forex pairs and an extraordinary number of over 400,000 tradeable symbols, far exceeding the industry average.

Feature FlowBank logoFlowBank
Tradeable Symbols (Total) info 408600
Forex Pairs (Total) info 52
Social Trading / Copy Trading info Yes
Cryptocurrency (Physical) info No
Cryptocurrency (Derivative) info Yes
Spread Betting info No

FlowBank research screenshots

Account funding at FlowBank

FlowBank supports various funding methods, including bank wires and credit cards, although it does not support some popular eWallets like Neteller and PayPal.

Feature FlowBank logoFlowBank
Visa/Mastercard (Credit/Debit) info Yes
Bank Wire (Deposit/Withdraw) info Yes
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info No
Neteller (Deposit/Withdraw) info No

About FlowBank

FlowBank was founded in 2020, emerging as a new player in the financial services industry. It has quickly established a significant presence with its vast range of tradeable symbols and versatile trading platforms. Despite its recent entry, FlowBank has earned a trustworthy reputation among traders, partly due to its Swiss banking license and commitment to offering a broad suite of trading tools and resources.

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There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for and Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for and He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg
Jeff Anberg

Jeff Anberg is a Staff Editor at and Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.