FX Solutions was founded in 2001, with the goal of providing retail traders with robust price and deal information previously only available to private networks and bank traders. They are members of the National Futures Association, in addition to being registered with the Commodity Futures Trading Commission. Recognized by Inc. magazine as one the fastest growing private companies in America, FX Solutions is widely acknowledged for developing a revolutionary price discovery and delivery system called FX Solutions GTS.
FX Solutions GTS claims to offer individual traders consistency, liquidity and execution stability through proprietary price discovery and risk management technologies. Their trading platform leverages a number of unique features, including hedging, trailing stops, alarms, close-and-reverse and more. Forex traders also have the ability to keep open two opposing trades.
FX Solutions GTS offers both web-based and downloadable forex trading software. Those individuals new to foreign currency exchange trading can opt to open a demo account, which comes loaded with $10K dollars in practice money. Basic accounts can be opened for as little as $250, and allows for trades up to $10K. The FX Solutions standard account requires an initial deposit of $2000, and allows for trades up to $100K.
Spreads offered by FX Solutions GTS are on par with industry averages, varying between 3 and 5 for major currency pairs and between 7 and 12 for more exotic ones. FX Solutions also offers FLEXI leverage and contracts, which enables traders to choose the leverage they want use in their account (which can be as low as 1:50 and as high as 1:400). FX Solutions also offers traders the ability to receive SMS and email alerts, which can help keep one apprised of when stops/limits are activated and when requested prices are reached.
There have been some complaints online regarding the quality of their charts, and it would appear that their customer service could use some improvement. There have also been concerns raised regarding the high level of slippage experienced by some users, in addition to poor execution on trades. According to some sources FX Solutions was recently purchased by City Index, which may account for some of the issues noted above.
Here’s what a few of our readers have had to say about FX Solutions GTX:
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From my experience, FX Solutions Global Trading System is fairly decent. I opened an account easily, made $25000 on a deposit of $1500, withdrew it all and received my money within two business days. And if they trade against us like many say, who cares? If you have a good strategy, there is no problem right?
fx solution global trading system is one of the best system compare to others. one can play with small lot size. if you have guts and really good stratagy nobody can prevent you from making money