Overall FX Solutions has a minimum deposit of $2 000/R 32 000 for their Standard account. FX Solutions has low trading fees with a overall rating of 6/10. FX Solutions offers educational tools that are very efficient for beginner traders as well as those who are more advanced.
FX Solutions at a glance
| Broker’s Name | FX Solutions |
| ? Headquartered | Saddle River, New Jersey |
| ? Year Founded | 2001 |
| ⚖️ Regulating Authorities | CFTC, NFA |
| ? Countries not accepted for trade | Not indicated |
| ☪️ Islamic account (swap-free) | Not indicated |
| ? Demo Account | Yes |
| ? Institutional Accounts | Yes |
| ? Managed Accounts | No |
| ? Maximum Leverage | 1:400 |
| ? Minimum Deposit | Standard account – $2 000/R32 000 Micro account – $250/R4 000 |
| ? Deposit Options | Credit cards, PayPal, Wire Transfer, Cheque, Electronic Transfer |
| ? Withdrawal Options | Via a signed request form |
| ? Platform Types | GTS Pro, GTS Web, GTS Mobile |
| ? OS Compatibility | Desktop, Mobile, Web, iPhone |
| ? Tradable assets offered | Forex, currencies. |
| ?? Languages supported on Website | English, Spanish, Chinese, Arabic |
| ? Customer Support Languages | English |
| ? Customer Service Hours | Live chat is available 24/7 |
| ? Open account | ? Click Here |
FX Solutions Review – 19 Key Point Quick Overview Revealed (2022):
FX Solutions Overview- FX Solutions Safety and Security
- FX Solutions Pro and cons
- FX Solutions Leverage
- FX Solutions Accounts
- FX Solutions Market instruments
- FX Solutions Fees
- FX Solutions Deposit and withdrawal
- FX Solutions Trading platforms
- How to open an account with FX Solutions
- FX Solutions Customer support
- FX Solutions Education
- FX Solutions Research
- FX Solutions Awards
- FX Solutions vs AJ Bell vs M4Markets – A Comparison
- FX Solutions Current Popularity Trend
- Conclusion
- Disclaimer
- Frequently asked questions
FX Solutions Overview
According to research in South Africa FX Solutions is an American broker founded in 2001 with headquarters in Saddle River, New Jersey.
FX Solutions was started by two foreign exchange business veterans who recognized that the Internet could provide the retail trader with the same instantaneous price and deal information that had previously been available only to bank traders via private networks.
The business opened with only five employees and has grown to over 70. FX Solutions became a forex dealer member in 2003 and began live trading on its Global Trading System (GTS).
FX Solutions Safety and Security
FX Solutions is regulated as a Forex Dealer Member by the Commodity Futures Trading Commission (CFTC) and is also a member of the National Futures Association (NFA).
Traders in the US falling under these regulations can trade at leverage of 1:50. International Forex traders looking for wider leverage should realize that this regulation limits FX Solutions.
It does operate a branch in the UK known as FX Solutions UK, where the leverage offered is 1:400. These branches of FX Solutions are separate entities operating under the umbrella of the same company, namely City Index Group.
FX Solutions Pro and cons
| ✔️ Pros | ❌ Cons |
| SMS and email alerts | High minimum deposit |
| Free webinars to help with software | Does not use MT4 |
| Strong GIU | |
| Regulated by CFTC and NFA | |
| Good educational tools |
FX Solutions Leverage
Leverage enables a trader to get a much larger exposure to the market the person is trading than the amount deposited to open the trade. Leveraged products, such as forex trading, magnify a trader’s potential profit – but also increase the potential loss.
Leverage is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1 000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.
Margin is the collateral to cover any credit risks that may arise during trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you need to have enough funds in your trading account to ensure sufficient margin.
For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.
At FX Solutions the maximum leverage for US traders are 1:50 and for international trader not falling under the CFTC regulations, the maximum leverage offered is 1:400.
FX Solutions Accounts
FX Solutions offers the following types of accounts:
Standard Account
Micro Account
Beginners are offered a demo account, loaded with $10 000 virtual money that is available for 1 month.
FX Solutions Market instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
FX Solutions offers the following of the above:
Forex
Currency pairs
FX Solutions Fees
Cost and fees depend on different factors, like spread and margins, and FX Solutions clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.
FX Solutions offer fixed spread vary between 3 and 5 for majors’ pairs and between 7 and 12 for the ore exotic pairs.
FX Solutions Deposit and withdrawal
Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.
In the case of FX Solutions, the following minimum deposits are required:
Standard Account – $2 000
Micro Account – $250
The following methods can be used to fund accounts:
Credit cards
PayPal
Cheque
Electronic Transfer
Wire Transfer
Currencies allowed to be used to fund accounts are EUR, USD and GBP. The deposit process is relatively easy, and FX Solutions offer a very convenient table explaining the procedures and fees involved with each of the payment methods.
Withdrawal of funds requires faxing in a signed request form. Withdrawal fees and the length of the process depend on the payment method you used for the initial deposit and how you wish to receive your funds back to.
FX Solutions Trading platforms
The forex trading platform provided by FX Solutions to its clients is the software to carry out their trades. Some brokers provide only one, others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
FX Solutions provides four trading platforms. They are:
GTS Pro
GTS Web
GTS Mobile
Global Trading System (GTS) Pro is available in a download version, while GTS Web is a web-based platform. This platform was developed by FX Solutions.
The trading platform is only in English only, while the company’s website is offered in three additional languages, namely Spanish, Arabic and Chinese.
How to open an account with FX Solutions
Similarly to a bank, to register a forex trading account with FX Solutions for the first time, you will be required to go through a basic “know your customer” process, which will allow FX Solutions to ascertain that your submitted details and ensure the safety of your funds and account details.
The registration process for the demo account is easy and quick but the live account takes much longer. Clients must complete not only your personal details, but also information about your income, net worth, your employment status, details of the employer and more.
You are also required to state that you are aware of the risks involved in Forex trading. After submitting your form, it takes a coupe of hours before an account activation email is sent together with an account number.
You are then ready to deposit you first amount and start trading.
FX Solutions Customer support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it. In the case of FX Solutions customers can reach the support team in real time by phone. Live chat is available 24/7
FX Solutions Education
Before starting to trade, potential clients of FX Solutions should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
FX Solutions offer a variety of educational material which includes short movie tutorials for using the software’s basic features as well as the charting platform.
PDF guides are also available on the platform’s features. FX Solutions also offer additional tools that include an 8 CD trading course for $399.
When purchasing this package, you are also set up with a free a mini account funded with $250.
FX Solutions Research
To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.
With FX Solutions customers have access to AccuCharts, which is a powerful charting tool. Like the trading platform itself, it is highly intuitive to use, and offers many strong analysis features.
However, this needs to be downloaded and requires its logging into a separate platform than the one used for trading. Clients need to switch between the two programs to use it.
There is also a GTS charting a chart tool is available from within the platform.
FX Solutions Awards
Being an awarded company instils extra confidence by traders. FX Solutions has been recognized as one of America’s fastest growing private companies by Inc. magazine for three consecutive years.
FX Solutions vs AJ Bell vs M4Markets – A Comparison
| ? Broker | ? FX Solutions | ? AJ Bell | ? M4Markets |
| ? Minimum Deposit | Standard account – $2 000/R32 000 Micro account – $250/R4 000 |
0 USD/R0 | $5/R80 |
| ? Sign-Up Bonus | ☑️ Yes | ☑️ No | ☑️ Yes |
| ➕ Max. Leverage | 1:400 | N/A | 1:1000 |
| ? Currency Pairs | 20 | – | 50 |
| ? Open an Account | ? Open Account | ? Open Account | ? Click Here |
FX Solutions Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “FX Solutions” is entered into Google’s search engine over a given period of time.
Conclusion
FX Solutions has been around for many years and with the GTS trading platform and AccuCharts it stands out in the technical platform it provides.
The spreads offered are standard and there is no mention of different spreads for the different account levels. FX Solutions is regulated by the CTFC and NFA making it a valid option for US-based Forex traders.
The educational tools on offer is very efficient for beginner traders as well as those who are more advanced.
Disclaimer
Forex trading means a high level of risk and may not be suitable for all investors. CFDs are complex instruments, due to leverage retail accounts lose money.
Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
All information on FX Solutions website is only for general information purposes. The company does not present any investment advice or guarantees for the accuracy and reliability of the information.
Any action you take upon the information you find on this website is strictly at your own risk and FX Solutions will not be liable for any losses and/or damages in the use of the website, according to research in South Africa.
Frequently asked questions
TRADING ENVIRONMENT
How many instruments can I trade with FX Solutions?
You can trade several different instruments with XXXX, which include the following:
Which platforms are supported by FX Solutions?
FX Solutions provides the following popular trading platforms:
- GTS Pro
- GTS Web
- GTS Mobile
Does FX Solutions offer leverage?
Yes, FX Solutions offer a 1:50 leverage for US traders and 1:400 for international trader not falling under the CFTC regulations.
What spreads can I expect with FX Solutions?
FX Solutions offer fixed spread that vary between 3 and 5 for majors’ pairs and between 7 and 12 for the ore exotic pairs.
Does FX Solutions charge commission?
It is not clear whether FX Solutions offer charge commissions.
Is FX Solutions regulated?
Yes, FX Solutions is regulated by CFTC and NFA
Is FX Solutions a recommended forex trading broker for experts and beginners?
FX Solutions offers a trading environment for beginner and experienced traders.
What is the overall rating out of 10 for FX Solutions?
6/10
ACCOUNTS
What is the difference between a demo and live trading account?
A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customers actual money.
Does FX Solutions offer a demo account?
Yes
How long is the demo account valid?
The demo account can be used at real time prices and trading conditions for a period of 30 days.
Which live trading accounts does FX Solutions?
- Standard Account
- Micro Account
What are the available deposit currencies for a live trading account?
USD, EUR and GBP.
DEPOSITS AND WITHDRAWALS
What is the minimum deposit for FX Solutions?
Standard accounts – $2 000
Micro accounts – $250
How do you make a deposit and withdrawal with FX Solutions?
FX Solutions offers the following deposit methods:
- Credit cards
- PayPal
- Cheque
- Electronic Transfer
- Wire Transfer
Withdrawals can be done via a signed request form.
Does FX Solutions charge withdrawal fees?
It is not indicated whether FX Solutions charge withdrawal fees.
How long does it take to make a withdrawal?
It is not indicated how long it takes to make a withdrawal.
Featured SA Shares Writer and Forex Analyst.
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