Top Options
73/ 100
Regulated: Regulated by the FCA
Min Deposit: $250
Min Trade Amount: 0.01 Lots (1 Micro Lot)
US Clients:
Bonus: $50 First Deposit Bonus!
Leverage: 300:1
Free Demo Account:
Trading Platform: MT4, GTS Pro, GTS Web, GTS Mobile
Payment METHOD NAME Charge Time

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Full Review

About FXSOL

FX Solutions is a market maker that deals on forex and CFD brokerages. Located in the UK, FX Solutions is regulated by the Financial Services Authority (FSA) UK.  FX Solutions UK, a trading name of City Index Limited, is a company registered in England and Wales, authorized and regulated by the Financial Conduct Authority with FCA Register Number: 113942.

FXSOL started off as an American company, but presently has suspended its US operations. It now operates regional offices.

 

Special Offers and Bonuses

A $50 bonus is given on FXSOL. This is for traders that are able to deposit at least $5,000 into their trading accounts. This bonus is given out through the introducing brokers to FXSOL.

 

Types of Trading Accounts

Traders can only open one type of live account. The minimum account deposit is $250, with 0.01 lots being the minimum lot size. The leverage is set at 400:1. This makes FXSOL a very convenient place for beginners to start their trading careers.

 

Trading Platform Features

FX Solutions offers its proprietary Global Trading System (GTS) platform under the following options:

a) GTS Pro – This application software is optimized for use on a Microsoft Windows desktop environment. It provides traders with the full list of trading options that are available on offer by FXSol.

b) GTS Web –This is the browser-based platform that gives traders the ability to trade easily in the FX market. Requiring no downloads, it can be accessed through any web browser that is compatible with either PC, Mac or Linux SO.

c) GTS Mobile – This platform is compatible with a broad range of mobile devices that have internet connectivity including Palm, Pocket PC, Blackberry, iPhones/iPads as well as Android phones and tablets, and enables users to manage their accounts in real time from any location.

d) MetaTrader 4 – Forex traders can also benefit from the technologies available on the GTS platform when it is combined with the MetaTrader 4 Expert Advisor.

FX Solutions also presents a third party autotrading service known as Forex AutoConnect.

 

Commissions and Spreads

The commissions and spreads that are listed on FXSOL are listed as follows:

CURRENCY PAIRS SPREADS (in pips)
EUR/USD 3
USD/JPY 3
AUD/USD 4
EUR/CHF 4
EUR/GBP 4
EUR/JPY 4
GBP/USD 4
NZD/USD 4
USD/CAD 4
USD/CHF 4
CAD/JPY 6
AUD/JPY 7
CAD/CHF 7
NZD/JPY 7
AUD/CAD 8
CHF/JPY 8
EUR/CAD 8
GBP/AUD 9
GBP/CHF 9
NZD/CAD 9
AUD/CHF 10
AUD/NZD 10
EUR/AUD 10
GBP/CAD 10
USD/HKD 13
EUR/NZD 15
NZD/CHF 15
GBP/NZD 20

 

Charting Packages

The charting packages are as presented on the MT4 and GTS platforms. The GTS charting system has been widely hailed as one of the best in the business.

 

Education and Demo Accounts

Traders can get access to a free and unlimited demo account. The forex education suite on FXSOL includes a forex glossary, an introduction to the entire forex trading process as well as an MT4 tutorial.

 

Customer Service

The FX Solutions customer support center is available 24 hours, 5 days a week through the following means:

a)        Live Chat

b)        Email Support Form

c)         Telephone Support: 0845 072 4668, +44 207 550 4756 from Sunday 17:15 to Friday 16:30 Eastern Time (US).

d)        Fax Support: +1-888-301-1530

e)        Physical address:

FX Solutions

Park House

16FinsburyCircus,

London, EC2M 7EB

 

Deposits and Withdrawals

The following methods are available to traders to make Deposits on FX Solutions:

a)    Bank WireTransfer

b)    Credit Card.

Withdrawals can only be made using bank wire transfers.

 

Deposit Limits

The minimum deposit amount that traders can put up on an account is set at 250 USD. The maximum deposit will depend on the transaction type, with maximum credit/debit card deposits pegged at 10,000 USD (over a 30 day period per customer).

 

Withdrawal Limit

There are no minimum or maximum withdrawal limits. The conditions for making a deposit or performing withdrawals on FX Solutions is that the payee must also be the account holder. All withdrawals must be made using bank wire transfers.

 

Conclusion

FXSOL is a good place to trade forex for beginners. Those who want to get a different type of charting than what the MT4 classically provides, will enjoy the use of the proprietary GTS platform. However, there have been quite a number of complaints about their customer service. The company will need to improve in this regard.