FX Solutions is a UK based broker founded in 1999. Since 2001 the company has been offering foreign exchange trading services.
This market maker is a subsidiary of a large UK brokerage company City Index, which was established in 1984 and is widely regarded as one of pioneers of online foreign exchange trading.
Breaking the ground in brokerage services, FX Solutions was making use of the perfect reputation and practical experience of its “big brothers”. This allowed the company to become popular among traders and other Forex market participants within a short time.
But it would be wrong to attribute the company’s success solely to City Index. A solid like-minded team of professionals, each achieving much success in foreign exchange trading, played a significant part. These specialists developed a number of unique software programs enabling the company to be on firm ground among Forex leaders. FX Solutions forex broker pays a lot of attention to development and introduction of innovative trading technologies. The broker is actively cooperating with financial institutions and taking part in development of software solutions to improve the quality of banking services and their safety.
All these made FX Solutions a reliable broker offering a wide range of services to its customers and ensuring high level of safety and security of transactions.
Deposits and Withdrawals
FX Solutions is very conservative when it comes to the choice of instruments for depositing and withdrawing funds, which is traditional for UK brokers.
Only bank transfers, bank cards (Visa, MasterCard) and checks are available.
But in spite of the poor choice of financial tools, the quality of bank transfers is perfect. All transactions are made promptly and are secure from breaches. Those banks that are strategic partners of FX Solutions are serving its customers without additional commission.
FX Solutions is a licensed broker. Its financial activity is regulated by FSA (the UK’s Financial Services Authority).
Moreover, its cooperation with major liquidity providers, including City Index, proves the company’s reliability and liquidity. In its turn, FX Solutions as a market maker provides liquidity to many European brokers.
Using advanced banking technologies, the broker ensures safety of customers’ assets. In particular, the company clients can open segregated accounts allowing to keep their funds separate from the broker funds.
Bonuses and Promotions
FX Solutions is offering a bonus program to its clients. It means that a customer can get $100 USD bonus for each $1 000 USD deposit. Bonus money is accrued to the customer trading account. It can be withdrawn only after meeting trading volume requirements of the company.
In case of an attempt to withdraw bonus money ahead of time or a deposit loss through a trader’s fault, the bonus is removed.
Trading Accounts Types
The range of trading accounts offered by FX Solutions is not wide either. There is only one account type – Individual Account:
- Minimum deposit – $250 USD;
- Minimum position size – 0.01 of standard lot;
- Fixed spread;
- Minimum spread for EUR/USD – 3 pips;
- Four-digit currency quotations.
Customers can open a live account using following currencies:
- US Dollar;
- British Pound;
Trading Platforms Types
The situation is somewhat better with the choice of trading platforms. These are two:
- МТ4 from MetaQuotes;
- GTS Pro from FX Solutions.
МТ 4 is the most popular trading platform and every respected broker should have this platform at its disposal.
GTS Pro is corporate software of FX Solutions. It is a new generation platform with enhanced capabilities.
The possibility of adjusting leverage and transaction volume separately for each trading tool is among the platform features. It has a user-friendly interface allowing to adapt the platform to trader’s requirements. It will be easy for both beginners and professionals to trade on GTS Pro.
FX Solutions Customer Service is working 24/5 and serving customers in the following ways:
- Multi-line phone;
- Live chat on the company website.
Customers can communicate with support service representatives in five languages:
Information and analysis section of the official website is hardly educational but traders skilled in foreign exchange trading with a good command of English can find much interesting information there.
Pros of Trading with Fx Solutions
The major strengths of FX Solutions forex broker are as follows:
- Reliability and strict execution of all transactions;
- License of an authoritative regulating body;
- Participation in international deposit protection funds;
- Optimized range of trading tools;
- Transparent pricing.
Disadvantages are as follows:
- High spreads;
- Complicated verification procedure;
- Few deposit/withdrawal options.
Fx Solutions Reviews
bernyNZ: The British will be British. I made sure of it again. As for the quality of services and efficiency, I have no complaint. But registration process is not all that simple. Address and passport verification took a month and a half. And there is more to come – the procedure was repeated during the first withdrawal and took three more weeks. I see that quality costs money but I’m not ready to pay so much even for the British quality.
195Airbrnd: It’s a very good broker. I recommend it to everybody. It runs like clockwork. Deposit is not big. I haven’t recorded order execution time but it’s evidently shorter than at other brokers I worked with. Withdrawals are accurate. I use MasterCard – the funds are received on account within 6-10 hours.
Without going into longstanding reasoning and trying to sum up the obvious, one can say it’s a typically British broker.
An exceptional combination of austerity and superior quality, which is uncommon for brokers in other countries, even in the USA.
Modern technologies allow to substantially raise the engine capacity without raising the effective cylinder volume. If applying these technologies to Forex trading, one can say for sure FX Solutions perfectly mastered them.