Fxsol are they any good?

eurodollar

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Hi, i am new to forex trading and i have just opened a demo account with FXsol and a few other brokers. at the moment they seem to be the best. what are your opinions? i am looking to day trade so i need a broker who can offer me high leverage and is reliable.

thanks for any advise.
 
not bad

Ive been with FXsol for 6months now and I must say I am rather disatisfied. Its an overall good service, but the feed is manipulated, which make their spread larger!!! its hell for scalpers and also for getting your stop lost busted.... u want to do good with them, use mental SLosses always and follow the currencies with a more reliable feed and compare with theirs.. youll see..

I could go on, but by now you mightve experienced it all,

leandru
 
Fx sol has fixed spreads.

and why are using mental stop losses??


lcmaheu said:
Ive been with FXsol for 6months now and I must say I am rather disatisfied. Its an overall good service, but the feed is manipulated, which make their spread larger!!! its hell for scalpers and also for getting your stop lost busted.... u want to do good with them, use mental SLosses always and follow the currencies with a more reliable feed and compare with theirs.. youll see..

I could go on, but by now you mightve experienced it all,

leandru
 
Clearly it has fixed spreads. Ill give you an example of what I mean by ''larger spreads.''

Say the market is on an uptrend, and goes down 15 pips before heading for a higher high. So, went up to 1.1950 and down to .1935 then up to 1980....
Well, as I experienced, very often FxSols feed will only go to .1937 or .1936, or sometimes .1935 but for half a second only (while on other feeds it stays at .1935) therefore not allowing you to buy at a certain price.

Now, this seems like a negligeable detail, but if you think about it... these manipulated feeds often end up having the same effect as if the spread was 4, 5 even 6 pips instead of 3. Think of the above example and multiply everytime you try to get a specific price to enter....

Now, of course this does not affect much if your targets are 30 pips or above, but when you go for 5 pips or 15... its makes a big difference.

Another example, and this affects your Stop losses. I HAVE experienced this, unfortunately.

say your selling GBP at .7400 and you SL is at 7435. Well believe it or not, FXsol does hunt for SLosses like many others. I always run 4 different feeds to avoid these problems, so this is clearly confirmed.. A small spike could happen from .7432 price goes instantaneously to .7435, takes out your position, and this while on the other feeds PRICE doesnt even go higher than .7433....

I hope this answers your questions.
 
i dont use then any more my current broker is interbankfx i use fxcm about 2 years ago and i will tell you this stay the hell away from them period.
 
fx

How are spreads at interbank fx?


moe said:
i dont use then any more my current broker is interbankfx i use fxcm about 2 years ago and i will tell you this stay the hell away from them period.
 
josbarr said:
How are spreads at interbank fx?

i now have two brokers here's there spreads

interbankfx

eur/usd-2
gbp/usd-4
usd/chf-4
usd/jpy-3.

fxdd

eur/usd-2
gbp/usd-3
usd/chf-3
usd/jpy-2
 
I use FX Solutions for mor ethan 2 years and I'm satisfied with their platform and service.
 
moe said:
i now have two brokers here's there spreads

interbankfx

eur/usd-2
gbp/usd-4
usd/chf-4
usd/jpy-3.

fxdd

eur/usd-2
gbp/usd-3
usd/chf-3
usd/jpy-2

Hello Moe:

I have looked at the Meta platform for both Interbankfx and fxdd and they are the same. Other than the pip spread difference is there anyother difference that you can share with us between the InterBankfx and fxdd? Also which one of the 2 do you think is a more reliable company? And which of the 2 companies spread remain at the level you mentioned in fast markets?

Thanks
 
If you need 400:1 try Money Garden. Nice customizable java platform, better charting than Oanda but limitted range of pairs. I've heard good reports though hasten to add I've not run a live account only an extended demo.
 
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