FX Solutions - FXSOL

[cire2222]

Does anyone use or have experience with FX solutions aka FXSOL (www.fxsol.com) i am looking into them as my possible forex broker. From what i hear and what i see on their site it looks like a great platform.

[cire2222]

been running this for a few days now, so far i really like the platform. The charting software that comes with it is great called accucharts tons of options and tools. They have a demo for 60 days if anyone wants to try it.

[wolf825]

Originally Posted by cire2222

been running this for a few days now, so far i really like the platform. The charting software that comes with it is great called accucharts tons of options and tools. They have a demo for 60 days if anyone wants to try it.

Cool! Thanks for the info--please let us know how things run there. Should add it to the Brokers List thread for pro's and cons if you feel its worth testing out and letting others know.

-w

[coorslght1]

I see they are giving u an extra 100 when u deposit 1000 but u can't withdraw that hundred until u trade 3 standard lots. I've been using the FXSOL demo - spreads could be a little tighter but that is my only real complaint.

Hey cire - how r the fills on the live account? Requotes or anything that you don't like compared to their demo account?

[cire2222]

honestly i have gone through a couple of forex brokers and none have really dissapointed me with fills. Forex is to liquid too have fills be a problem. Then again im not scalping the forex market. My only beef with most Forex brokers is the shitty charting. FXsol gives you a third party chart package that has everything you need. The dashboard type set up is good when you run multiple monitors.

[Marty]

I find that a 3rd party charting tool speaks loudly about a broker.

Not because 3rd parties that focus on trading tools produce better charting applications, so much as their data streams come from the 3rd party and not the broker... this is very important if, oh let's say your broker in NY suffers a network outage (even for a few minutes) you can still keep good track of your positions with the charting tool that (hopefully) will be running out of another network in another state. With how quickly the forex market moves, this is a HUGE benefit.

forex.com (GAIN) does this, with their charting tool, which is based out of Cali and provided by another company, while GAIN is based in New York.

One key thing to remember, most 3rd parties go with pricing that's averaged across hundreds of brokers, and your broker might be a pip or two different. Check for ticker symbols that are for your broker directly for the best result. Just saying.

[wolf825]

I use a thrid party charting service..XTICK...which actually offers two different streams of charting data plus it offers commodity prices and other charts..and while they vary ever so slightly by a couple of pips--I think it gives me a better overall picture to build trade plans by. I prefer using a separate software package over a brokers software much more especially cause I can often get a full data history too, which is invaluable for backtesting methods and making plans...not to mention the easy and custom configuration I can do as my lesiure.. Some brokers charts may give you only a month or two worth of 1hr candles to check--while I can get sometimes a YEARs worth or more of 1hr candles to review... I just prefer it over a broker chart.. You don't NEED a third party chart to trade Forex by..but it does have some extra perks and templates you can customize that can be of benefit to you...

-w

[techno791]

I haven't opened the software during news times, i mean big news times like NFP, but with CMSfx, at NFP time, I'd get "Charts not available", although trading still is.
I don't know if it's all the same server or what, but I assume this problem would be solved if going through a 3rd party chart.

I agree about the charts though. I have one or two other brokers who I'd like to use someday too eventually, but the charting just isn't there. If it weren't for CMS, I'd probably have to pay for charts. And out of 100+ indicators, I don't even use them anymore unfortunately.

[cire2222]

Originally Posted by Marty

I find that a 3rd party charting tool speaks loudly about a broker.

Not because 3rd parties that focus on trading tools produce better charting applications, so much as their data streams come from the 3rd party and not the broker... this is very important if, oh let's say your broker in NY suffers a network outage (even for a few minutes) you can still keep good track of your positions with the charting tool that (hopefully) will be running out of another network in another state. With how quickly the forex market moves, this is a HUGE benefit.

forex.com (GAIN) does this, with their charting tool, which is based out of Cali and provided by another company, while GAIN is based in New York.

One key thing to remember, most 3rd parties go with pricing that's averaged across hundreds of brokers, and your broker might be a pip or two different. Check for ticker symbols that are for your broker directly for the best result. Just saying.

I have used forex.com and still have an account with them. My beef with them was the charting. I do realize they give access to a limited version of eSignal but it lacks certain tools that i like to use.

[Marty]

Originally Posted by cire2222

I have used forex.com and still have an account with them. My beef with them was the charting. I do realize they give access to a limited version of eSignal but it lacks certain tools that i like to use.

My eSignal is not limited at all. But you have to open a FOREXPro or greater account. (or qualify for that level) I think the min is a grand and you're set.

Regardless, that was just an example.