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4.1
Low cost trading accessible to everyone & the lowest fees in Switzerland
Trade 50,000+ instruments from across the world
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Flowbank review 2024

Investing options: 4.1

Platforms & usability: 3.4

Products, markets, & assets: 4.7

Safety & reliability: 4.8

Deposits & withdrawals: 4.2

Research & analysis tools: 4.0

Fees & costs: 3.4

Education & learning resources: 3.9

Flowbank review Summary

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Updated: Sep 18, 2023
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13 min read
FlowBank is a Swiss online bank that doubles as a multi-asset trading platform, where you can invest in stocks, currencies, indices, ETFs, and more. This FlowBank review dives into the details to find out whether it’s the right trading platform for you.

FlowBank review summary

Features FlowBank summary
No. of tradable assets 50,000+
Min. Deposit $0
ID verification required Yes
Free demo account No
Supported assets Commodities, Currencies, ETFs, Indices, Bonds
Mobile trading app Yes
Web trading platform Yes
Regulatory bodies FINMA
View more > FlowBank >

Pros & Cons

Pros:

Low cost trading accessible to everyone & the lowest fees in Switzerland
Trade 50,000+ instruments from across the world
Buy stocks from any major global exchange
Access a wide range of CFDs and non-CFDs including crypto CFDs and ETFs
Regulated by a tier 1 financial regulator, FINMA

Cons:

Can I open an account with FlowBank?

Investing options
4.1

What can I do with FlowBank?

Trade 50,000 products from a range of different asset classes. FlowBank is both a bank and an extensive trading platform, so it combines top-tier regulation with an intuitive trading experience.

The range of products available is enormous, you can trade thousands of stocks from leading exchanges around the world, 50+ currency pairs, and even dabble in cryptocurrency using CFDs and ETFs as well.

What accounts does FlowBank offer?

FlowBank is an online bank that offers trading and investing services. Here’s a list of the services on offer at FlowBank:

Account type FlowBank accounts eToro accounts Interactive Brokers accounts
Trading platform Yes Yes Yes
Crypto staking No Yes No
Crypto wallet No Yes No
Money management Yes Yes Yes
Spread betting broker No No No
View more > FlowBank > eToro > Interactive Brokers >

There are two types of trading accounts on FlowBank, ‘Classic’ and Platinum. Platinum accounts can access cheaper spreads and commission rates but must deposit at least CHF100,000 to start with.

Account tier Qualifying balance
Classic 0
Platinum CHF100,000
View more > FlowBank >

Products, markets & assets
4.7

What products and assets can you trade on FlowBank?

There are more than 50,000 financial instruments available to trade on FlowBank, including stocks, indices, crypto assets, currencies, and commodities. Here’s a breakdown of all the assets available:

Product FlowBank assets eToro assets Interactive Brokers assets
Stocks 13,000+ 7,000+
ETFs 5000+ 13,000+
Currencies 50+ 100+
Indices 14+ 150+
Commodities 13+ 100+
View more > FlowBank > eToro > Interactive Brokers >

*Exact numbers may vary, check the FlowBank website for full instrument details.

What leverage trading options are there?

The maximum leverage available at FlowBank is 1:200 on major currency pairs. Leverage on other assets varies. Here’s a breakdown of the leverage on offer:

Product FlowBank maximum leverage eToro maximum leverage Interactive Brokers maximum leverage
Currencies Major pairs: 1:200, Minor pairs: 1:100, Exotic pairs: 1:50 30:1
Indices From 1:200 5:1
Commodities From 1:100 10:1
Bonds From 1:200 5:1
View more > FlowBank > eToro > Interactive Brokers >

*Trading with leverage is highly risky and can result in significant losses. We do not recommend that beginners trade with leverage.

What are the spreads?

Spreads on FlowBank are variable depending on the asset. Spreads start from 0.02 on spot gold but are higher for other assets. Here are the spreads by each financial instrument:

Product FlowBank spreads eToro spreads Interactive Brokers spreads
Stocks 0.10% 0.03 to 0.35%
Currencies From 1.1 0.66 pips (average)
Indices From 0.2 0.05 points
Commodities From 0.02 $0.50
Bonds From 2 0.5% – 2%
View all tradable assets > FlowBank > eToro > Interactive Brokers >

Stocks

Which stocks are available on FlowBank?

FlowBank offers stocks from all over the world. FlowBank is based in Switzerland, so Swiss stocks are available to trade with no fees, but stocks from many other countries are available as well. Here’s a list of all the countries and exchanges you can trade stocks from:

Country No. of stocks on FlowBank
United States Yes
United Kingdom Yes
Germany Yes
Netherlands Yes
France Yes
Switzerland Yes
Belgium Yes
Portugal Yes
Ireland Yes
Finland Yes
Spain Yes
Italy Yes
Australia Yes
Malta Yes
Sweden Yes
Denmark Yes
Hong Kong Yes
Japan Yes
Singapore Yes
Israel Yes
South Africa Yes
Greece Yes
Poland Yes
Australia Yes
Canada Yes
View more > FlowBank >

What are the fees for buying and selling stocks?

There are no fees on Swiss stocks. Commissions on US stocks, global stocks, ETFs and funds start from 0.15%. Stock CFDs are charged CHF0.02 per share, or 0.10%.

arn rewards.

Forex

What forex pairs can be traded on FlowBank?

FlowBank offers 50+ forex pairs, including all major and minor pairs and a selection of exotics. These are some of the most popular currency pairs available to trade:

Currency pair Currency pair Currency pair
AUD/USD EUR/CHF EUR/GBP
EUR/JPY EUR/USD GBP/JPY
GBP/USD USD/CAD USD/JPY
CAD/CHF CAD/JPY CHF/JPY
EUR/CAD GBP/CAD GBP/CHF
AUD/CAD AUD/CHF AUD/JPY
AUD/NZD EUR/AUD EUR/NZD
EUR/SGD GBP/AUD GBP/NZD
NZD/CAD NZD/CHF NZD/JPY
USD/NZD EUR/NOK USD/SGD
View more > FlowBank >

What are the minimum spreads for trading forex?

Spreads start at 0.0 on major forex pairs, such as EUR/USD. Spreads on other currencies may be considerably higher.

Commodities

What commodities can be traded on FlowBank?

There are a handful of commodities available on FlowBank. You can trade spot gold, silver, and crude oil, or futures on a range of other metals and energies. Here’s the full list of what’s available:

Commodity Commodity Commodity
Brent oil Crude oil Gasoline
Heating oil Natural gas Arabica coffee
Sugar Cotton Soybeans
Cocoa Wheat Orange juice
View more > FlowBank >

What are the minimum spreads for trading commodities?

The minimum spread on spot gold is 0.02, but may be considerably higher for other metals.

Deposits & withdrawals
4.2

What are the minimum & maximum deposits?

There are no minimum or maximum deposits or withdrawals for most users. But note that you can only deposit and withdraw money via a wire transfer or your credit/debit card. No other payment methods are accepted.

Here the deposit options available.

Payment method Minimum deposit (USD)* Maximum deposit (USD)
Debit/credit card None None
Bank transfer None None
View more > FlowBank >

And the withdrawals:

Payment method Minimum withdrawal Maximum withdrawal
Debit/credit card None None
Bank transfer None None
View more > FlowBank >

*Account minimums may vary depending on where you live. See the FlowBank website for more information.

What are the deposit and withdrawal options fees, limits, and speeds?

You can make a deposit via a wire transfer or from your credit/debit card. Here are the fees and speeds of each option:

Payment method Withdrawal fee Withdrawal speed
Debit/credit card None <10 minutes
Bank transfer None Up to 4 working days
View more > FlowBank >
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Fees & costs
3.4

How do FlowBank fees work?

FlowBank charges a commission on some instrument trading, while it makes money through the spread on other assets. 

There are no inactivity or maintenance fees, but you do have to pay a custody fee every quarter, charged at 0.10% of your portfolio up to a maximum of CHF50 per quarter. You will be charged at least the minimum fee per quarter of CHF10.

Fee FlowBank fees eToro fees Interactive Brokers fees
Trading fees Yes Yes, on certain assets Yes
Inactivity fees No Yes No
Rollover/overnight fees Yes Yes, on CFDs Yes
Withdrawal fees No Yes Yes, for some payment methods
Spreads Yes Yes, on certain assets Yes
Conversion fees Yes Yes, for non-USD currencies Yes
View more > FlowBank > eToro > Interactive Brokers >

What are FlowBank’s trading fees?

FlowBank charges commissions on some assets and through variable spreads on others. Here’s a breakdown of the different trading fees you can expect for each asset:

Asset FlowBank fees eToro fees Interactive Brokers fees
Commodities From 0.2% From 2 pips 0.50 to 1.00%
Currencies From 0.0% From 1 pip 0.08 to 0.20 pips
Indices From 0.8% From 0.75 pts 0.05% to 0.08%
ETFs 0% on Swiss ETFs, from 0.15% on all others Commission-free for US exchange-listed stocks
Stocks From CHF0.02 per share 0% commission Commission-free for US exchange-listed stocks
View more > FlowBank > eToro > Interactive Brokers >

Platforms & usability
3.4

What devices can I use FlowBank on?

There is a FlowBank app where you can trade on the go, or you can use the service on your web browser. You can also trade on your desktop using its bespoke FlowBank Pro trading platform, or through MetaTrader 4 or MT5.

DeviceBrowser/operating system
Web browserChrome, Safari, Firefox
Mobile appiOS, Android
TabletiOS, Android

Mobile app

The FlowBank app offers a seamless, on the go trading experience, allowing you to place trades easily from your phone. The app offers all the same features as its main web-based platform, so there are 50,000+ assets available to trade across 7 asset classes.

The FlowBank mobile app has almost universally positive reviews, with an average rating of 4.3 on the App store and 4.5 on the Google Play store. It’s easy to track your investments through real-time graphs and an intuitive interface. 

Web trading platform

The most important question any user has is: How easy is it to use FlowBank?

The platform is designed to make it easy for beginners to access the financial markets, while simultaneously offering competitive spreads and commission rates. You can open an account and start trading from a multi-currency account very easily.

The web platform boasts a range of features, including the ability to hold 15+ currencies in a single account, invest in global markets, and a powerful search tool to find investments best suited to you.

Desktop trading platform

FlowBank has a bespoke desktop trading platform, known as FlowBank Pro, which provides access to advanced trading tools and allows you to place multiple trades on different assets at the same time.

Another option is to link your trading account to the MetaTrader software. FlowBank integrates with MT4 and MT5, which is an extremely popular piece of trading software with high volume and professional traders.

Key features

Competitive trading fees

FlowBank’s big selling point is its low cost of trading. It offers the lowest fees in Switzerland, combined with an intuitive trading platform that links individual traders to the whole global market.

Swiss stock trading is free, while thousands of other stocks from around the world are available at highly competitive rates. You can buy stocks in big, popular US companies from just 0.15% commission, or dive into major European markets for the same price.

Free stock to new accounts

When you set up an account and fund it with at least CHF1000, you receive a free stock worth up to CHF500. That’s a great way to get your portfolio up and running, and well worth the high minimum deposit.

Accessible trading through fractional shares and ETFs

FlowBank offers fractional shares, so you can invest in expensive stocks like Amazon or Tesla in a much more affordable way. Instead of paying hundreds of dollars for a single stock, you can invest in part of it for a much smaller amount.

Similarly, FlowBank gives you access to a large range of ETFs, ETPs, and ETNs, which allow you to invest in entire sectors and industries at a relatively low cost. For example, shares in a Bitcoin ETP are far more affordable than buying a single Bitcoin.

Sign up with Flowbank

Safety & reliability
4.8

Is FlowBank safe?

Yes, FlowBank is safe. It’s regulated by FINMA, the Swiss financial regulator, to operate as a bank.

The people behind FlowBank also have a track record of running other financial institutions, such as Synthesis Bank, which was sold to Saxo Bank in 2007. FlowBank has only been around itself since 2020, but it’s a platform you can trust.

Is FlowBank regulated?

FlowBank is regulated by the Swiss financial markets authority, FINMA, which licences it to operate as a bank. It’s also a member of esisuisse, a self-regulating organisation which all banks with a branch in Switzerland must be a part of and guarantees depositor protection up to CHF 100,000 per client.

Region FlowBank regulators eToro regulators Interactive Brokers regulators
Africa FSAS
Asia FCA, SFC, MAS
Australasia ASIC ASIC
Europe FINMA FCA, CySEC FCA
International
North America FinCEN SEC, FINRA
South America CNV, CVM
View more > FlowBank > eToro > Interactive Brokers >

Customer support

FlowBank offers 24/6 customer support via live chat, email, and phone enquiries. There’s also a help centre that answers basic questions about how to set up an account and the fees involved.

Support typeFlowBank support
Help centre/FAQsYes
EmailYes
Live chatYes
TelephoneYes

What are the risks of using FlowBank?

There are risks with any investment, and the main one in this case is that the value of your investments can go down as well as up. It’s important you understand what you’re investing in and the dangers of using features such as leverage, which can magnify your losses.

  • Leveraged positions can be liquidated if you fail to provide margin. You must meet margin requirements on leveraged trades. The bank can ask for more margin at any time, and if you fail to provide it your entire position may be liquidated.
  • Past performance is no guarantee of future results. There is a risk that any investment you make may fall in value. What’s happened before is no predictor of future performance.
  • Deposits are only insured up to CHF100,000. Any deposits larger than this may not be protected in the event the bank goes out of business.

Research & analysis tools
4.0

What trading tools are on offer?

FlowBank has a great range of trading tools, where you can find the latest news updates and find top-tier analysis. Here’s a breakdown of the tools available.

Trading tool FlowBank tools eToro tools Interactive Brokers tools
Charts Yes Yes Yes
News feeds Yes Yes Yes
Analyst recommendations Yes Yes Yes
Fundamental analysis No No Yes
Financial calendar No Yes Yes
MetaTrader integration No No No
View more > FlowBank > eToro > Interactive Brokers >

Charts

The FlowBank app and trading platform allow you to get live looks at the latest market prices through real-time charts. Use them to perform your own analysis or simply follow the latest price trends.

News feeds

You can get access to live updates that cover all major market developments by subscribing to FlowBank’s LiveWire update service. LiveWire updates are sent out 2-3 times a day to give you flash updates on what’s happening in the financial world.

Daily videos

FlowBank offers market analysis, news, and insight through ‘FlowTV’. There’s a live morning show that looks at what’s moving markets on a given day, a Women in Finance series that gives voice to those who aren’t often heard in the financial world, and broad-brush outlook videos that opine on the topics of the day.

Market newsletters

There are a selection of newsletter subscriptions available that cover the latest daily news, long term analysis, and breaking updates.

The MarketFlow newsletter covers the latest news of the day and is delivered every morning. A special tech newsletter, Disruptiv, comes out once a week. Market Insights are delivered 3-4 times a week, and an Asset Allocation newsletter is posted once a month.

Education & learning resources
3.9

What educational resources are on offer?

FlowBank has a learning centre where you can broaden your knowledge of financial topics, alongside some trading courses and live webinars. Here are the educational resources available.

Educational resource FlowBank resources eToro resources Interactive Brokers resources
Demo/virtual account No Yes Yes
Video tutorials/webinars Yes Yes Yes
Walkthrough guides Yes Yes Yes
Copy trading No Yes No
Trading academy Yes Yes Yes
View more > FlowBank > eToro > Interactive Brokers >

Learning centre

FlowBank boasts an extensive learning centre where you can find answers to common questions that beginners have when they’re just starting out. From how-to guides to extensive dives into complex trading strategies, there’s something in the learning centre for everyone.

Training courses

There are a range of video explainers that show you how to use the FlowBank App. These are available on demand from the trading courses section of the website. There you can learn how to perform basic tasks, find your activity history, and place your first trade.

Live events

FlowBank hosts occasional events, where experienced traders and analysts provide expert insight into a particular topic. The topics range from things like the psychology of trading to practical trading patterns.

Our verdict

FlowBank offers the stability and security of a Swiss bank with the advanced trading tools you’d expect from a top tier trading platform. The low fees combined with a vast number of available assets make it a great place to create an investment portfolio.

Intuitiveness and ease of use are a big part of the FlowBank experience. The app is an excellent way to trade, while there are a few options for more experienced users to create their own trading platform by using FlowBank Pro or plugging the service into MetaTrader4.

Alongside all its practical trading features, there are a lot of tools on offer to help the average user learn more about the markets. The only drawback is some of its perks require a substantial first time deposit, which might price out some beginners. 

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Methodology

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We test each trading platform to provide clear, accessible guidance on the service it offers and how it compares to the 63+ other brokers we review. Testing is carried out by our panel of industry experts, analysts, and active traders who sign up to the bank or broker, conduct research, and score the service.

To supplement our practical testing and experience, we research the service to gather any further relevant information and provide context to help you decide whether the trading platform is right for your investing needs. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

The broker is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with the individual brand to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.



Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.