Solid Trade Review: Solidtrade.org Exposed Offshore Firm

Solid Trade is one of those fake investment companies. They make promises to investors but end up disappointing customers. The entity lacks trading performance. They have only been in the industry for a short duration. 

Instead, of risking the safety of your money invest with reputable crypto companies with solid performance. There are many reputable ventures to explore. 

Solidtrade.org Review

Solid Trade will soon exit the market. Investors’ data and funds are at a greater risk. Moreover, it is impossible to track down the scammers once they exit the market. 

They claim to be trading indices, stocks, forex, and cryptocurrency. These products are profitable but can also lead to huge losses. The assets are volatile and require one to have advertising skills and only invest what they are willing to lose.

Trading Conditions of Solid Trade

Solid Trade presents a web trader interface. The platform is not one of the best in the market. It limits investors from trading automatically and utilizing advanced charts.

Reputable investment companies present superior trading tools like the MetaTrader interface. The software is user-friendly and has programmable trading EAs. Investors can also create custom scripts. Or use fundamental and technical analysis tools and VPS to keep their orders tracked even when computers are shut.

Solid Trade promises tight spreads for major currency pairs ranging from 0.3 pips to 0.8 pips. Unfortunately, the broker does not mention anything about the commission. We doubt such a suspicious firm can be so generous.

The platform has not disclosed the available leverage. It is important to know such parameters before registering with any entity. Any serious venture will not leave out such information. The lack of credibility of the company is alarming. Investors should tread carefully.

Withdrawal and Deposits

The scheme accepts funds via debit or credit card. The method is secure only if the broker does not transfer funds to multiple offshore accounts. This would limit investors from issuing chargebacks. It is not professional for a company to limit customers to only two payment methods. Legitimate ventures will have several options for clients.

Solid Trade accepts a minimum deposit of $100. They have other trading accounts accepting 10,000, $50,000, $100, 000 and $1 million. The more money you deposit the greater your reward and trading benefits. However, the analogy is misleading as you are only going to lose more by choosing the shady firm.

The withdrawal information is not available on the website. Therefore we are not aware of the minimum withdrawable amount and whether there are any applicable charges. It is customary for most offshore entities to withhold customers’ funds upon withdrawal request. We urge investors to use reputable platforms that are endorsed by real traders.

 Solid Trade Regulation Status 

It is crucial to deal with a licensed company as it grants you peace of mind. You are guaranteed fund safety. A legitimate company operates in full transparency. They present their ownership information building trust with traders. 

There are strict rules that a platform must follow to acquire a license from a reputable financial watchdog. Various bodies set huge capital to be deposited in segregated accounts. Once a broker does this it proves its financial capacity to successfully run its business. Also, in the event of bankruptcy investors stand a chance of receiving compensation.

Solid Trade is a suspicious broker operating in an offshore region. They have already been flagged by comision Nacional del Mercado de Valores (CNMV), Spain financial watchdog. The entity is illegally targeting citizens from this country. Investing with such a firm will only leave you with a negative account balance.

Final Verdict

Solid Trade is an exposed entity that we do not recommend. The platform has multiple red flags. Invest with genuine crypto companies with ideal trading conditions. 

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