If you go to FXSolutions.com, non-US web surfers are prompted with a message that only existing clients can continue to the site, with new prospective customers transferred to the broker’s .co.uk site. This is due to a change in policy from FX Solutions as it is no longer accepting non-US customers for its NFA regulated US division.
We reached out to FX Solutions for more information about the strategy shift and whether this is the result of the broker scaling out its US operations or some sort of pre-emptive move due the the ever changing regulations of the NFA? While there have been rumors of another US broker exiting, in the latest Monthly FCM Financial data report, FX Solutions had a comfortable cushion of over $4 million in excess capital, but their overall client funds are near the bottom of us FX brokers.
SSPR, responding on behalf of FX Solutions stated that this policy was in fact initiated in 2012 (albeit recently, as it hadn’t appeared in previous visits to the broker’s website), and stated that:
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“Thank you for your enquiry. Last year we placed a visitor information screen for all non-US web traffic which arrived at our NFA regulated website, www.fxsolutions.com.
This feature was introduced to remind non-US residents that FX Solutions LLC does not accept new accounts from outside of the US. We invite non-US residents to visit our affiliate, FX Solutions UK.
US residents who visit www.fxsolutions.com will not see this message.”
As we receive more information on their US operations we will update.