Flex Traders (flex-traders.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: clientzone.flex-traders.com.
The reporting at Flex Traders (flex-traders.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Real-time alerts|Helpful community forum
Cons: No fractional shares|Limited ETF selection
My card was charged twice by Flex Traders (flex-traders.com) on the same day. I had to dispute it with my bank. Flex Traders (flex-traders.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: API access|Fast execution|Stable platform|Smooth onboarding
Cons: Limited social trading features|Search feature is basic
Flex Traders (flex-traders.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: API access|Reliable uptime
Cons: Nothing significant