-
My opinion FXSolutions is a bad broker, but I didn't use any other
yet. So the service is ugly.
-- In OpenFX@yahoogroups.
>
> I've used FXSolutions for over a year. I have two accounts, one
with them
> and one with IBFX (and used MB Trading for a year also). Keeping in
mind
> that no broker is perfect, here is my take on FXSol.
>
> Pro:
> 1. They open for trading at 4pm Sunday eastern time. Many brokers
do not
> open for another couple of hours.
> 2. You can set stops and limits for parts of your position. That
is, I can
> set part of the lot to close at one price level and let the rest run
to a
> second level. Cannot do that with IBFX, so if I plan to scale out of a
> position I need to actually be there and manually close part of it
or make
> two separate trades to begin with.
> 3. Easy platform, though really, once you are comfortable with a
platform
> it's pretty easy to learn another one.
> 4. Good customer service. They answer the phone and are reasonably
helpful
> and polite.
> 5. They offer standard, mini and micro accounts.
> 6. They offer a variety of leverage amounts.
> 7. Funding is fast and easy.
>
> Con:
> 1. They charge interest on every trade (held at 5pm eastern time)
except
> for usd/chf longs and the appropriate direction on yen crosses. Being
> charged interest on trades like eur/usd shorts and others where another
> broker would be paying is a bite. Check the tables they post on their
> site... it tells what pairs charge interest. It also depends on your
> leverage.
> 2. Their charts are pretty pathetic. Even their "Accucharts" or
whatever
> they call that package doesn't hold a candle (no pun intended) to
MT4, much
> less an advanced system like Fibonachi Trader or TradeStation.
>
> Shelly
>
>
>
> On Dec 28, 2007 12:39 PM, gapco50 <gapco50@...
>
> > Hi guys,
> >
> > Does anyone using FX Solutions as their broker have any comments about
> > the service? Good, bad or ugly?
> >
> > Thanks,
> >
> > Gary
> >
> >
> >
>
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