CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Payment of the withholding tax in 2021

Dear customers,

with regard to the new system of the withholding tax, which will apply from 01.01.2021, we would like to inform you that FXFlat Wertpapierhandelsbank GmbH will not apply the requirements for the implementation of § 20 paragraph 6 sentence 5 and sentence 6 EStG for losses from trading in Contracts for Difference (CFD) and Futures as well as Spot Forex until 1 January 2022. Until then, we will continue to take into account the full loss calculation as before and only pay withholding tax from private clients resident in Germany for tax purposes after the end of the month if the respective month should show a realized net profit.

Please understand that tax advisors enjoy professional protection and that we cannot or may not provide any further tax information. Please contact your tax advisor if you have any questions regarding your tax situation.

If you have any further questions, please do not hesitate to contact us.

The FXFlat team wishes you a happy new year and much success in 2021!

With kind regards

Your FXFlat Team

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