Claiming to provide financial independence to clients, SolidStocks forex broker is yet another offshore scam. However, we decided to show clients who this company is and why you shouldn’t deal with such.
Read our honest SolidStocks review to find it all out.
|Broker status:||Blacklisted Offshore Broker|
|Regulated by:||Unlicensed Brokerage (Scam Broker)|
|Blacklisted as a Scam by:||Italian CONSOB|
|Broker Owner:||Scintilla Enterprise Ltd|
|Headquarters Country:||Commonwealth of Dominica|
|SolidStocks Minimum Deposit:||$250|
|Cryptocurrencies Assets:||Available (30+ cryptos): BTC, ETH, XRP|
|Available Trading Assets:||Indices, Forex, Commodities, Stocks|
|Free Demo Account:||No|
|Accepts US clients:||Not Accepted|
SolidStocks Regulation and Licensing Details
SolidStocks is owned by Scintilla Enterprise Ltd from the Commonwealth of Dominica. The company was established in 2020. However, we need to ask is SolidStocks regulated? If you want to deal with a broker, this is the first information to gather. And based on this, we can speak forward.
Questions about SolidStocks License and Regulation
Despite being offshore, Dominica has its regulator, IRC. To be recognized as a trading company, every brokerage needs to opt for IRC regulation. After examining the IRC register, we found no evidence of SolidStocks regulation.
The broker is not regulated by any Tier 1 regulator such as FCA, BaFin or ASIC as well.
Scam Warnings Against SolidStocks
The Italian CONSOB blacklisted SolidStocks for conducting scams over Europe. According to this body, SolidStocks offers illegal financial services and clients should file a complaint if they have been defrauded.
SolidStocks Reviews – The Truth About Forex Broker
If you check SolidStocks reviews, you will find nothing good about the broker. Many websites, such as Trustpilot, show that clients do not trust the broker and consider it a scam. The company is ranked very poorly, and many traders talk about withdrawal issues.
Here is just one of the examples:
If I could rate them zero I would not give any information about company saying that you get all the information when you activate your account ie pay into it then the financial advisor would tell me all about the investments made on my behalf and if I don’t want to make these choices I could withdraw my money at anytime yes you guessed it it’s a scam and can’t get anything back no contact from the company since asking to close my account.
SolidStocks Platform Review – Trading Software
SolidStocks trading platform is a proprietary web trader owned by a company called SS Web Trader. The platform itself has a very low number of indicators and other features necessary for trading. It cannot even be compared to MetaTrader, either 4 or 5.
SolidStocks minimum deposit for accessing the platform is $250.
SolidStocks App – Is Mobile Trading Available?
This brokerage company offers trading for both iOS and Android. However, the platform can be accessed via a mobile web browser, not via any sort of trading app.
Assets You Can Trade With Broker
The broker offers trading with currency pairs, commodities, indices, shares, and cryptocurrencies, including:
- 55+ currency pairs such as EUR/USD, EUR/JPY, GBP/USD, etc.
- The most significant US and EU shares such as Apple and Amazon
- Indices from the UK, US, and Asia such as NASDAQ and S&P500
- Commodities such as gold, oil, rice, etc.
- 30+ cryptocurrencies such as BTC, XRP, and ETH
All of these assets are available on the broker’s WebTrader and mobile app.
SolidStocks Withdrawal Issues – Unable to Withdraw Funds
As you can see throughout the review, this broker has issues letting clients withdraw their funds. Like many offshore companies, this one plays because it doesn’t have regulation and uses it to scam clients. Once you invest, you’re expecting profits to come to your bank. Only, it will never happen.
Your account will be suspended the moment you request a withdrawal, and you won’t be able to contact the broker’s support again.
- Increase your trading knowledge by reading our updated PrimeXBT broker review.
Scammed by SolidStocks broker? – We Can Help!
If you were scammed by SolidStocks or any other offshore illicit brokerage, let us know. Global Fraud Protection recently received complaints related to offshore brokers, and we decided to help. You are not the only victim of the SolidStocks scam.
All you need to do is request a chargeback. Contact our support team via online chat to book your free consultation and we will give you the details. Let’s get your money back now!
Don’t Let the Scammers Go Away for Free!
What is SolidStocks, and Should I Invest Money in it?
It is an online trading brokerage that has no regulations, and you certainly shouldn’t invest your money with them.
Is SolidStocks regulated and licensed?
This brokerage company has no regulations for providing financial services and should be banned from such.
Is my money safe with the SolidStocks broker?
Since SolidStocks is unregulated, your money is not safe with this brokerage. Beware.
Does SolidStocks Have a Downloadable Mobile App?
Broker has a mobile trader, but it can only be accessed from the web, not downloaded.