Benjamin Roussey rates this 4.5/5
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FX Solutions Review From: City Index Limited

Pros
High recognition within the industry as a leading trading platform for experienced traders.

Cons
High level of slippage, high rollover fees, customer service may be slow to react.

Verdict
With an advanced GTS trading technology and Accucharts, FX Solutions is an outstanding trading platform in technical terms. Choose FX Solutions if you need a dependable platform with advanced tools for forex trading.

FXSolutions Review - Claims to be the best broker for veteran traders. Let's find out...

FX Solutions is a leading forex trading platform that provides state of the art trading technologies and efficiency and transparency of trading transactions. FX Solutions serves individuals, institutional trading partners, white label partners, and introducing brokers in more than 140 countries.

Performance Reliability

FX Solutions provides retail forex traders with the same professional execution, liquidity, and trading functionality that are demanded by interbank traders. The company’s proprietary risk management and price discovery technologies ensure execution stability and consistency in a highly dynamic forex trading environment. FX Solutions is regulated in the U.S., U.K., and Australia. In the U.S. the company is registered with the CFTC as a Futures Trading Merchant and is regulated as a member of the National Futures Commission.

Global Trading System (GTS)

FX Solutions began using its Global Trading System (GTS) for live trading in 2003, and started trade research and development on a proprietary direct link price feed. This cutting-edge price discovery and delivery system provides retail forex traders a world-class professional trade mechanism, which is at par with the world of interbank traders. The accuracy and speed of the GTS platforms enable the company to serve all its customers highly efficiently.

“Best Forex Broker for Veteran Traders”

SmartMoney Magazine, a highly respected trade publication of the Wall Street Journal, has named FX Solutions as an Overall Best Forex Broker for Veteran Traders in 2011. This was the inaugural ranking conducted by the magazine, and it considered 16 leading online forex brokers in its evaluation. Inc. magazine has also recognized FX Solutions as one of the fastest growing private companies in the U.S. for three consecutive years.

FX Solutions offers fixed spreads to its customers in all market conditions. SmartMoney’s analysis about the company states: “For experienced traders who thrive on the volatility of the currency markets and want nothing more than to dive into the choppy waters of the euro-dollar’s reaction to the U.S. non-farm payrolls report, we feel FX Solutions’ fixed spreads could present real value.” This recognition from SmartMoney follows shortly after FXStreet.com has awarded second place to FX Solutions for the “Best Broker Research Team” at its Forex Best Awards 2011. Certainly they hold up well in the Forex community.

Flexible Leverage, Fixed Spreads

FX Solutions provides FLEXI contracts and FLEXI leverage. It means that you are allows to choose the leverage you wish to use for your account. This leverage can be as low as 1:50 and as high as 1:400, while the default leverage is set at 1:100. You can also choose the number of currency units to wish to trade, which may vary between 1,000 and 100,000 units.

The company offers fixed spreads, which are well-suited for experienced traders. The spreads offered are fairly standard for the market, and not among the lowest that you can find. Spreads vary between 3 and 5 for the major pairs, and for the more exotic pairs they vary between 7 and 12. Different spreads are not available for different account levels.

What Others are Saying

Customers express mixed views about FX Solutions in most cases, based on their own experiences with the company. Many customers find the client service to be slow or inefficient. Training and support material for new traders is good, and demo account for a month is available for beginners.

The company also provides SMS or email alerts, a feature which gets appreciated by many traders. Even the platform is designed for veteran traders, but FX Solutions does not offer the facility of personal account managers, unlike a few other top online trading platforms.

Date Reviewed: October 11, 2011, 3:04 pm
Reviewed by Benjamin Roussey
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