FX Solutions joins the host of other brokers who opened a UK subsidiary, directly or indirectly related to the raging NFA requirements. FXCM and Gain have opened up offices a while ago and CMS announced its UK plan in a letter to its clients a while ago as well. Now I guess that FX Solutions understood the benefits of being regulated by a more reasonable regulator while still keeping its US license.
Saddle River, New Jersey, August 4, 2009 – FX Solutions (www.fxsolutions.com), a leading online foreign exchange market maker, announced today the opening of FX Solutions UK (www.fxsol.co.uk). Continuing its planned global expansion, FX Solutions is now regulated in three international jurisdictions.
“FX Solutions UK will complement our existing entities in the US and Australia. It gives us the advantage of expanding our global reach through a presence in the UK and Europe where the potential for growth is extremely promising.” said Michael R. Cairns, CEO of FX Solutions.
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FX Solutions UK will offer Foreign Exchange, CFD (Contract for Difference) and spot metal trading for retail customers in Europe and most other countries. For US and Canadian customers, an FX and spot metal only platform is offered, as those countries’ regulatory agencies prohibit CFD trading.
FX Solutions UK, a trading name of UK based parent company City Index Limited, is registered in England and Authorized and Regulated by the Financial Services Authority.
For more information and to register for a free practice account, visit www.FXSolutions.com or www.fxsol.co.uk
FX Solutions, LLC was founded in 2001 by two foreign exchange veterans with over 50 years combined experience. The Company is a leading online foreign exchange (FX) broker, operating as a market-maker to retail and institutional clients. With a focus on advanced trading technology solutions, the firm serves retail clients, white label partners, institutional trading partners, introducing brokers, fund managers and their clients. Leveraging its proprietary interbank market price feed and custom-built Global Trading System platform (GTS), FX Solutions sets high standards for execution speed, price transparency and efficient client management.