FlowBank Review 2023: Scam Or Safe? Must Read In-Depth Overview

FlowBank Review 2022: In-depth & Most Honest Review

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FlowBank is a state-of-the-art financial service provider, allowing users to experience both banking and trading services simultaneously. It is a relatively new broker, having been founded in 2020. Let’s explore more about the platform with our detailed FlowBank Review 2023. 

The platform uses an innovative approach to introduce cheap trading services to Swiss investors. However, the platform is still expanding its services, reaching closer to becoming a fully-fledged trading and banking system. 

After reading this in-depth FlowBank review 2023, you will get a clear idea of whether the platform is worth your deposit or not. You will also learn about the platform’s fee structure, requirements, and trading conditions. 

FlowBank Review: At A Glance

Website https://www.FlowBank.com/
Establishment Year 2020
Founder Charles Henri Sabet
Services Banking, Trading & investing
Available Markets Stocks, ETFs, Forex, Cryptos, CFDs
Account Opening Fees Zero
Customer Support 24*6 via E-mail & Phone Support
Educational Resources Learning Blogs, Events and App Tutorials
Mobile Trading  FlowBank App Available for iOS & Android Devices
Trading Platforms MT4, MT5, FlowBank Pro & FlowBank App

What Is FlowBank? 

FlowBank is a Switzerland-based financial service provider that connects traders to the global financial markets by providing the tools and resources. The platform officially started in November 2020. 

It was initially a bank in its inception days and held an interesting story of how it expanded its presence in the financial market. 

The story began with FlowBank’s founder Henri Sabet getting a banking license in 1999. However, in 2004, Sabet decided to focus on providing online trading services to its users; it was high time when online trading was gaining popularity in the US.

Later, in 2020, Henri Sabet with his team launched a fully-fledged bank & trading platform – Flowbank. Started with just a few members; today, the company has grown to 100+ employees. 

Meanwhile, the company’s headquarters is at FlowBank SA, Esplanade de Pont-Rouge 6, 1211 Geneva 26, Switzerland. 

Flowbank Review: Is FlowBank Scam?

No, FlowBank is not a scam; rather, it is a legit broker as it is well regulated by Tier-1 Swiss regulatory watchdog – Swiss Financial Market Supervisory Authority (FINMA). It also holds a highly regarded Swiss banking license. 

Additionally, as a member of esisuisse, the broker provides assured depositor protection to its clients under deposit insurance of a maximum of CHF 100,000- per client.

Searching for the broker’s legitimacy by analysing its users’ reviews, I didn’t find a single complaint against FlowBank for scamming its customers. 

On top of that, FlowBank has a decent reputation among its users, with a rating of 3.9 stars on Trustpilot. Here are the top reviews explaining why it is emerging as the first choice among traders.

Is FlowBank A Scam?

Intending to become a big player in the financial industry, the platform aims to cater to the needs of every community by providing banking services and trading services all in one place. 

Let’s thoroughly discuss the FlowBank services and what it has to offer its users: 

FlowBank Review: Banking Services 

FlowBank’s banking services are currently in the pre-launch stage, so much information regarding it is unavailable. However, we talked to the support team regarding the same. 

The team informed us that the platform is currently focusing on the trading system, which is why the website lacks much information regarding the feature. 

FlowBank Review: Trading Services

As the platform’s main focus is on providing the best trading system, FlowBank offers a range of trading services. The broker has gained appreciable popularity thanks to its features like multi-asset trading platforms, low fees, minimum deposit requirements and multi-currency accounts. 

FlowBank Private Services

As mentioned above, the platform prioritizes trading services on its platform. These services are specially designed for individual traders. 

The trading services are available to users through the following trading terminals: 

  • Desktop app for Windows, Mac, and Linux
  • Mobile app for Android and iOS
  • Web application

Additionally, the platform allows users to invest and trade in a range of markets, including 

Institutional Services

As with individuals, FlowBank caters to the needs of institutional investors by offering a multi-asset trading platform and integrated services. 

Here’s how FlowBank’s institutional feature helps you enhance your trading experience: 

  • Multi-Assets Trading Platform
  • Omnibus multi-currency account
  • STP process (Swift Integrated)
  • Range of instruments at competitive pricing
  • Competitive Pricing 
  • Trading Account with PoA

Introducing Brokers (FlowBank Affiliate Program)

FlowBank has everything that you need as a trader. And what sounds interesting is its affiliate program that lets you earn a commission of up to $20 per lot. 

Here are the rewards of the Affiliate Program: 

  • Depository insurance of up to $100,000
  • Elite-level trading platforms – MT4 & MT5
  • Fast account opening
  • 24-hour professional customer support
  • $0 account opening fees

FlowBank Review: Affiliate Program? 

Becoming a member of the Introducing Broker program is easy and quick. Here is some simple step to start earning with FlowBank: 

  • Register: Click on the “Introducing Brokers’ icon on the homepage and fill out the application form. 
  • Refer: Start referring your family and friends to the platform with a dedicated link.
  • Earn: Get a lucrative commission for every trade your referral makes with FlowBank.

FlowBank Fees, Commission & Spreads

FlowBank pricing is where the broker shines. Considering the fee structure, the platform can be termed a low fees broker. It offers transparent and competitive pricing, which aligns with the Industry standard. 

Here’s a quick overview of FlowBank’s fee structure: 

Platinum Pricing

Instruments Commission Spreads Spreads
SWISS Stocks 0%
U.S. Stocks & Other Stocks 0.10% (Min $6.50)
ETFs 0.10% (Min $6.50)
Funds 0.15% (Min 8 CHF)
Futures/Options $1.50 + Exchange Commission
Bonds 0.20% (Min 50 CHF)
CFDs Index 0.8 (Min $500)
CFDs Stocks 2 ¢ per share

or 0.09%

CFDs Forex 0.5


CFDs Metals 0.2 on spot gold
CFDs Crypto 0.3%


Classic Pricing

Instruments Commission Spreads Spreads
SWISS Stocks 0%
U.S. Stocks & Other Stocks 0.15% (Min $6.50)
ETFs 0.15% (Min $6.50)
Funds 0.15% (Min 8 CHF)
Futures/Options $3 + Exchange Commission
Bonds 0.20% (Min 50 CHF)
CFDs Index 0.8 (Min $500)
CFDs Stocks 2 ¢ per share

or 0.10%

CFDs Forex 0.5


CFDs Metals 0.2 on spot gold
CFDs Crypto 0.3%


Others Fees & Charges: Flowbank Review 2023 

Fees Amount
Maintenance Fees Zero
Custody Fees Max CHF 50 per quarter
Inactivity Fees N/A

Trade On FlowBank?

The platform offers an appreciable selection of investment and trading products. Let’s discuss all of these products individually and more deeply: 

Stocks & ETFs

The platform lets you invest in over 13,000 global stocks and ETFs at the lowest commissions. The popular stock exchanges available on the platform are as follows:

  • BX Swiss, SIX


Now, you can invest in over 2,000 funds worldwide with FlowBank to use the best fund managers’ investment ideas. Here are some benefits of funds:

  • Diversify and lower your risk
  • Visibly low prices
  • Easy and effortless
  • Professionally managed


Start Trading 50+ Forex pairs across majors, minors, and exotics. The popular currency pairs available for trading include 



The platform allows traders to open CFD positions on over 4,500 instruments with the tightest spreads. Here’s a list of available CFD instruments

  • Forex CFD
  • Stocks CFD
  • Crypto CFD 
  • Commodities CFD
  • Metal CFD
  • Indexes CFD


FlowBank offers a good selection of crypto ETFs, ETPs, ETNs, funds and crypto derivative trading. Here are some Crypto products offered: 

  • Crypto FX
  • Crypto ETPs
  • Crypto Tracker Certificates
  • Crypto ETPs and Closed Funds
  • Crypto ETNs

FlowBank Review: Leverage Trading? 

FlowBank offers leverage, allowing users to open a large trade position with low account capital. However, the leverage ratio may vary depending on the trade size, account type and the assets you’re trading. 

Assets Maximum Leverage
Forex  1:200
Stocks 1:20
Crypto 1:10
Commodities 1:100
Metals 1:200 (Gold) & 1:50 (Silver) 
Indexes 1:200

Open An Account With FlowBank?

As far as we have discussed FlowBank, the broker seems legit and a good provider of customer-centric services. Maybe it’s the right time to discuss the FlowBank account opening process. So, here’s a step-by-step procedure: 

  • Visit the official FlowBank website and click on the ‘Open An Account Icon.’
  • You’ll be redirected to a new page; enter your details like first name, last name, mobile number, email & a strong password and tap on the ‘Create Profile’ icon. 
  • Soon, you’ll receive a verification link via e-mail; click on the link to verify your account. Upload government-recognized documents for KYC procedure. 
  • After completing all the steps, deposit the minimum account and start trading. 

FlowBank Review 2023: Deposit & Withdrawal Methods

The platform supports only two payment methods for deposits and withdrawals, which needs to be expanded. However, it additionally offers a wide range of base currencies, including USD, EUR, GBP, CHF, CAD, AUD, and others.

Payment Methods Fees Processing Time
Credit Card 0 Instant
Debit Card 0 Instant
Bank Transfer 0 Up to 1-2 business days

How Can You Deposit Funds In FlowBank? 

After completing the account opening process, the very first thing you’ll come across is a fund deposit. You can’t trade with sufficient funds in your account. Here’s a detailed process for depositing money in a FlowBank account: 

  • If you’re depositing via wire transfer or credit card, log in to your client area @ my.flowbank.com. 
  • Click on the ” Transfer ” tab, then”Add Money” and select your preferred payment method.
  • Choose Your Preferred currency and enter the bank or card details to complete the transaction. 

What Is FlowBank Minimum Deposit? 

As far as we analysed the platform, there is no minimum deposit, which means you can open an account with $0. However, there are some minimum deposit requirements for the platinum category. The minimum initial funding required for a platinum category is 100,000 CHF. 

How To Withdraw Funds From FlowBank?

In this part of our FlowBank review, let’s understand the withdrawal process: 

  • To withdraw funds from FlowBank, log into your account and click on the “Transfers”, then “Send Money.” 
  • Now, choose your preferred withdrawal method – Domestic payments, International Payments and sub-account transfers (Domestic Payments will be converted to CHF).
  • Click on Submit, and your request will be submitted for processing. 

FlowBank Review: Available Trading Platforms

The broker has everything for everyone as it aims to cater to the needs of every sort of trader. For instance, beginners can start with the standard Flowbank platform, while professionals can choose the more advanced FlowBank Pro. 

Alternatively, you can also access the world-renowned MT4 and MT5 platforms, along with an interactive mobile app. Here’s a brief overview of each platform: 

Standard FlowBank Platform

The platform’s easy-to-navigate features are what every beginner trader searches for. The platform is basic with limited features. Here’s what the platform has to offer: 

  • Invest in global markets
  • Currency conversion in seconds
  • Buy fractional shares
  • Easy to use research tools

FlowBank Pro

FlowBank offers a seamless experience through an innovative platform for trading on the desktop or on the go. It is specially created for professional traders. Along with the above-mentioned, here are some of its top benefits:

  • Get access to advanced trading tools 
  • Take advantage of basket trader
  • Trade over 50,000 instruments in one place


The broker offers a world-renowned MT4 platform for trading. Additionally, there are many benefits if you are an active trader. You can have monthly cash rebates on Forex, indices, and commodities on MT4. Here are some top features of the platform:

  • No minimums & hidden costs
  • Fast execution, competitive pricing
  • Top-class Security & support


With the MT5 platform, you can enjoy all the features of MT4 along with more advanced trading tools and instruments. Here are the top features: 

  • 80 built-in indicators 
  • No minimums & hidden costs
  • Fast execution, competitive pricing
  • Top-class Security & support
  • 44 analytical objects
  • 21 timeframes, ranging from one minute to one month on a single symbol

FlowBank App

The FlowBank mobile app provides you streamlined trading and investing experience. The app is power-packed with all the similar features as web platforms, along with some extra ones. 

Here are some of the benefits of the FlowBank mobile app: 

  • Available on all iOS and Android devices
  • Offers a long list of trading orders and most advanced features and tools
  • Enjoy one-click trading, account monitoring and interactive quote charts
  • 24*7 entry and exit from the financial market
  • Monitor your account through history, orders, balances, and positions.
  • Real-time market graphs

FlowBank Review: Research Tools

The platform offers a sole section of ‘Market’, under which you can access a range of advanced research tools and instruments. The purpose of providing these tools is to keep you updated with market information so you can make more informed decisions.

Available research tools include: 

  • Subscribe
  • Market insights
  • LiveWire
  • Client Positioning
  • Flow TV
  • Popular Themes
  • Technical Analysis

What Is FlowBank Learn Feature? 

FlowBank’s Learn is an interactive feature for market learners. Investors who are new to the financial world or are climbing their way to becoming professional traders can get knowledge through articles and tutorials. Here’s what FlowBank Learn feature offers:

  • Learning Blogs
  • App tutorials
  • Events

FlowBank Review 2023: Pros & Cons

Let’s explore all the goods and odds of trading with FlowBank: 

Pros Cons
Zero commission on stock trading Relatively a new broker
Cheap currency conversion fees Doesn’t provide much information on Banking services
Funds Insurance of Up to 100,000 CHF
Demo Account to practise
Responsive Customer Support
Advanced Trading platforms

FlowBank Customer Support: How Can You Contact Them?

FlowBank’s customer support team was appreciative. They give you quick responses with accurate solutions to your queries. The team works from Switzerland and is ready to provide assistance 24×7. 

If you have any questions related to account opening, deletion, deposits or withdrawals, you can contact the FlowBank customer support team via

  • Email: [email protected]
  • Live Chat
  • Telephone:  +41 (0) 22 888 66 00
  • FlowBank Twitter Account @FlowBank_SA

FlowBank Sponsors & Brand Ambassador

The platform has onboarded many sports personalities to its brand ambassador portfolio. Also, it has partnered with many sport federations and organisations as main sponsors. 

FlowBank Sponsors

  • Swiss Tennis
  • Drizia-Miremont Tennis Club
  • EPFL Finance Association

FlowBank Brand Ambassadors

  • Elina Svitolina – World’s No.5 Tennis Player
  • Severin Lüthi – long-time coach of Roger Federer and captain of the Davis Cup
  • Antoine Bellier – Switzerland’s emerging tennis star

FlowBank vs Swissquote: Which Is The Best Swiss Forex Brokers? 

Swissquote is the top competitor of FlowBank. Like its counterpart, Swissquote is a leading banking and online financial service provider. The broker offers a long list of investing and trading products. Here’s a detailed comparison of FlowBank ve Swissquote:

Features FlowBank Swissquote
Minimum Deposit $0 $1000
Tier 1 License Yes Yes
Demo Account Available Available
Banking Services Yes Yes
Overall Rating 3.5/5 4/5


Through this detailed FlowBank review, you may get a clear idea of the trading services offered by the platform. Despite being a relative newcomer to the Swiss online brokerage industry, the platform has already attracted millions of active traders thanks to its decent services. 

It lets users enjoy the dual benefits of having a Swiss bank account and indulging in trading activities. The platform offers access to more market instruments than any other online broker we’ve reviewed so far.

However, FlowBank’s short history and lack of SWISS outside license raise red flags for new investors. So if you want a seamless trading experience with extra safety, you should consider our other best recommendations – InvestFW, InvestBy.

These platforms offer a range of trading instruments with competitive fees and hold a regulatory license from a top-tier regulatory watchdog. 


Does FlowBank Offer Demo Account?

Yes, FlowBank offers a free demo trading account. The Flowbank demo account is beneficial for both beginners and professional traders. Novice traders can practice trading on the demo accounts, while professionals can testify their new strategies. 

How to Open A Demo Account With FlowBank?

Opening a demo account is fairly similar to opening a live trading account. Follow these steps to get started: 

  • Visit the official website and click on the ‘Open An Account Icon.’
  • You’ll be redirected to a new page; enter your details like first name, last name, mobile number, email & a strong password and tap on the ‘Create Profile’ icon. 
  • Now select the demo account option. 

Who Owns FlowBank?

The owner of the FlowBank is Charles Henri Sabet. He started the first bank to offer online forex trading in Switzerland in 1999, which was later relaunched in 2004 as FlowBank. 

What is Flowbanker?

FlowBank is a multi-asset trading & banking service provider that offers a good selection of online banking & investment services to individual and institutional clients. Meanwhile, the company’s headquarters is at Esplanade de Pont-Rouge 6, 1211 Geneva 26, Switzerland. 

Is Flow Bank Legit?

Yes, Flow Bank is a legit forex broker licensed by FINRA. It also holds the SWISS banking license and offer client’s fund protection up to 100,000 CHF. Read our detailed FlowBank review for in-depth 

What Is A FlowBank Card?

A FlowBank Debit Card is a much-awaited feature in its banking services. Currently, it offers no physical card. However, they are planning to introduce one in the future. Additionally, the website also has no details regarding the FlowBank card. So, let’s wait and see what happens. 

What Are Available FlowBank Funding Methods?

FlowBank currently supports only two ways of account funding through Bank transfers and Credit cards. However, there are over 28 base currencies to choose from.

How To Deposit Money In FlowBank In USD?

To deposit money in USD, note down the bank details below: 

  • Beneficiary Name: FLOWBANK SA 
  • Beneficiary Address:  Esplanade de Pont-Rouge 6, 1211 Genève 
  • FlowBank SWIFT Code: BARCGB22XXX 
  • Bank Address: Level 11, 1 Churchill Place, London, UK E14 5HP 
  • Beneficiary Account: GB54BARC20000053099133 
  • Comment: FFC Client Name and Account Number  

What Is LiveWire FlowBank?

FlowBank LiveWire is a research tool offered by the platform for traders to have market insights. Through this function, they can have an idea of financial markets and can make more informed decisions. 

What Is A FlowBank Joint Account?

It is a service offered by FlowBank for people who want to add more partners to their banking accounts. The service is only available for banking customers. 

What Is The FlowBank Minimum Withdrawal Limit?

There is no limit set for withdrawal. Users can withdraw even the minimum amount or the large sum just by requesting the withdrawal. 

Is It Safe To Trade With FlowBank?

Yes, FlowBank is absolutely a safe broker to trade with. Here are some pointers that support their claim. 

  • Regulated by FINMA.
  • 24/6 multilingual live customer support.
  • Member of esisuisse.
  • Customer service and operations in Switzerland.

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