.PNG)
Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be.
Our slippage data about Fx Solutions is sampled by 10 of the most popular forex trading strategies in Zulutrade.com
Forex Cruise Control is a counter trend strategy, trading exclusively GBP/USD
Average profit: 9.0 pips
Average trade lifespan: 7 hours
Average profit: 12.0 pips
Average trade lifespan: 22 hours
Average profit: 9.0 pips
Average trade lifespan: 9 hours
Average pips/trade: 5.0
Average trade lifespan: 6 hours
Average pips/trade: 10.0
Average trade lifespan: 15 hours
Average profit: 15.0 pips
Average trade lifespan: 14 hours
Average profit: 12.0 pips
Average trade lifespan: 21 hours
Average pips/trade: 7.0
Average trade lifespan: 17 hours
Average profit: 10.0 pips
Average trade lifespan: 21 hours
GBP Profit is a counter-trend trading strategy, selling GBP crosses.
Average profit: 40.0 pips
Headquarters: 1 Route 17 South, Suite 260, Saddle River, NJ 07458
Country: United States
Regulated by: CFTC, NFA (US)
1.9
3.8
FxSol Account Info:
minimum deposit: $250
minimum lot size: 1k (micro lot)
max leverage: 50:1
Spread:
Fixed, 3 pips
Dealing:
Deposit/Withdraw
Bank Wire, Credit card, PayPal, Check
Trading Platform:
Custom (GTS Pro), Web plaform, Metatrader
Extra Software and Websites
Forex AutoConnect - choose 3rd party auto trading system
Fixed spreads: EUR/USD -3 | GBP/USD - 5 | USD/CHF - 4 | USD/JPY – 3
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Pros |
Cons |
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Fixed Spreads during all market conditions, even durign news releases |
Wide spreads |
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Pros |
Cons |
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N/A
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Slippage during news releases Slippage during normal market conditions. Customer service reps explain it with FXSOL Fast market policy |
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Pros |
Cons |
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No requotes during calm market
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Requotes during volatile market Slow execution of market orders "Rate has expired" message |
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Pros |
Cons |
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N/A
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Some Spikes
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Pros |
Cons |
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Reverse Button Trailing Stop Hedging Reliability |
Detached charting package FX AccuCharts No Autotrading
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Deposit |
Withdraw |
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Deposit Withdraw Bank Wire Online Check Paper Check Credit card PayPal (US only) |
Bank Wire Check
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Pros |
Cons |
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Phone Live Chat |
Rude Customer service reps Не преразглеждат сделки
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Pros |
Cons |
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Fixed spreads
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Wide spreads |
Add reviewFXSol/Australia (MT4 Platform) is real robber! Last week they open trade for me with $790 loss. This morning (12/4/2009 Canadian Employment Change, 7AM), trading on news, I closed a position with about $2400 profit, to realize that they closed at same price at which was open ($0 profit). Responce: It was gapped and should not open! Graph shows that price did not gap. During NFP (8:30 AM, 12/3/09) I had a profit of $4345.05 just to realised an hour later that they took my profit - rationale: improper trading profit. When I complained about that, they deactivatedmy account. They also deactivated another account which I did not use for a months!
On more than 3 occassions I have noticed that orders have been open without my consent. the last time it happend I was 200 pips in the red! and I was gone for a mid break! i contacted fxsol via the chat window (very expensive to call from Africa to the US). when i mentioned the problem, it was met in military fashion in no uncertain words " we are not responsible for your actions" and they closed the chat window.
I called a friend, whom I have introduced to fxsol and she related the same fate. Now I have stop trading, but still watch my account, looking out for another order they will open without my consent. I am looking for a "reputable" broker. at this moment anyone who does not open oders without my knowledge will be doable.
I love FX solutions platform. I highly reccomend it. what i dont reccomend is there customer support unless you are dealing with Joseph Oropeza. If it wasnt because of Joseph i would have never known the benefits of dealing with the GTS Pro. If you do decide to go with FX solutions i suggest you contact joseph at joropeza@forexsystems.com .
Total Scam:
1- High level of slippage.
2- Big rollover or overnight fees.
3- Poor execution if the customer order is not favorable to the company interest. Some times fill out is more than 2 minutes or till you're losing money (even in low demand times).
4- Bad customer service including no product knowledge.
support-pretty bad. i reported slippage, which is a fixed problem with them. my stops are always slipped 1-3 pips. in the most liquid pair eurusd during regular, not rapid, moves! the support just pasted the disclosure in the chatroom and said i should write an email....nice.
sometimes prices do not refresh as fast as with other brokers. i use esignal data feed for charting so i know what i am talking about and compare.
fxsol is at max OK for trading but not more. prepare to fight against disadvantages..but, it can not kill u, only make you harder on your journey to an prime brokerage account ;)
Poor explanations regarding swap. Not the best design for the interface, difficult to use. Unpleasant people to deal with.
In this company always only manual execution! Time of execution of the transaction a minimum of 7-10 seconds.... ALWAYS... In any market! They do not offer transaction execution by one pressing of the button! It is the DECEIT!!!
In any fast market - REQUOTES!!! ALWAYS! They look where there is a price, if against you, then they will execute the transaction if the price goes to your party then they place your Limit the order and it will never be executed.
These people should be ruined and leave this business, it will be fair!
Do not waste time and do not deal FxSolutions!
I hope sooner or later NFA will pay the attention to these swindlers!
P.S. Also, they I have unfairly huge spread and very inconvenient trading platform.
Be prepered for lot of requotes. Slow executions. The only thing that I like is fixed spreads which are also little bit high. EUR/USD 3 PIP,
From my experience, Fxsolution is the real deal. I opened an account easily, made 25000 dollars with 1500 $, withdrew it all and received my money in 2 days ! Spreads stayed fixed, stops were not hunted ( then again I dont use them a lot ) And if they trade against us like many say, who cares? If you have a good strategy, there is no problem. I will not give more than7 since I dont have more than 2 months experience with them.
My findings show that they've ripped me off via the following unscrupulous methods:
1. Repeated and frequent slippages that can add up my trading costs by as high as an additional 100 pips more per lot per trade!
2. Even when no slippages occurred, the actual price captured in my statement is often a few pips more than what appeared on the screen when a trade is executed.
3. Their dealers entered my open positions and exited them without my instructions. Initially they denied doing so, but eventually offered to compensate me with a few thousand dollars as settlement, but I didn't accept because they cheated me many folds more.
4. They have dealers to trade against me.
5. They fixed off-market prices by as high 152 pips via Gapping, when at that identical time a check with two other brokers' platforms showed no price gaps at all.
6. They manipulated prices to STOP out trades that have STOP LOSS level set, even as far away as over 100 pips!
7. They manipulated the MACD indicator that traders usually relied upon, to trick them into entering trades in the wrong direction.
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