FlowBitEnergy has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
FlowBitEnergy locked my account without warning and demanded documents I had already submitted. since early this year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Real-time alerts|Multiple order types|Easy withdrawals
Cons: None so far
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. FlowBitEnergy said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Fast deposits|Professional team|Social trading features
Cons: Alert system is basic|Website design could be more modern
I gave FlowBitEnergy a fair chance. After since the beginning of the year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Intuitive for beginners|Economic calendar|Multiple order types
Cons: Research section could be deeper|Some tools only available on higher tiers
FlowBitEnergy offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Social trading features|Copy trading available|Excellent charting
Cons: Wait times can be long during peak hours|Limited social trading features