SolidCapital Review: In the review below, we take an in-depth look at the features solidcapital.io allegedly offers. This review basically answer the questions: is solid capital legit? Is solid capital reliable? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about solidcapital.io.
Table of Contents
Solid Capital Trading Platform
Before we begin talking about this brokers trading platform. We would like you to know that this broker for part of their registration requires you to install anydesk on your computer. Any Desk is a remote desktop application that capable of giving scammers access to your PC, leaking information like your personal banking details.
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At first glance we discover that this broker doesn’t broker support neither the MT4 nor the MT5 trading platform. They use a web based platform to offer assets such as Forex (with leverages up to 1:200) CFDs, Indices, Stocks, and Precious metals
SolidCapital Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has six account types starting from $250 to $50,000
SolidCapital Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The payment section only provides a bitcoin address for funding. We do not advice you to send any to them as transactions with bitcoin are hard if not impossible to trace or reverse
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is SolidCapital Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
This broker is located in the Marshall Islands. Marshall Islands is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body
Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others.
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Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with solidcapital.io as they don’t give any valid information concerning if they are a regulated broker.
Solidcapital.io is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.