Solutions Markets is a forex broker that is supposedly located in the Saint Vincent and the Grenadines and registered by the authorities of the Marshall Islands. In the review below, we take an in-depth look at the features solutionsmarkets.co allegedly offers. This review basically answer the questions: is solution markets legit? Is solution market good? 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 Solutions Markets.
Table of Contents
SolutionsMarkets Trading Platform
The website looks unprofessional and hastily put together. This can be seen in the various fields that were left unfilled and was just left with Xs as place holders. It is littered with questionable design choices and unresponsive buttons that lead nowhere.
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And because of the unresponsive buttons we couldn’t register.
Solution Market 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 three account types
SolutionsMarkets 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.
We cannot verify this because of the brokers inability to provide a working registration system. But the website flaunts the logos of VISA, MasterCard, Maestro and Wire Transfer.
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 Solutions Markets 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.
SolutionsMarkets is owned and operated by Vitoli Enterprise LTD, a company registered in St. Vincent and the Grenadines (SVG)
St Vincent and the Grenadines 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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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 SolutionsMarkets.co as they don’t give any valid information concerning if they are a regulated broker.
SolutionsMarkets.co 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.
Be careful, this website is SCAM!!!
My dad tried it with the minimum amount of 250eur, and within a week he had 460eur. He thought this was great, but it was the beginning of a nightmare. My dad is retired without any knowledge on investments and this “nice” guy from London called him, saying he was his personal adviser and promising 40% benefit PER MONTH.
He convinced my dad share his screen saying it would be easier for him and so he would be able to handle the operations for him directly, telling also to my dad to change the phone settings and who knows what else.
This “nice” broker, Damian Barnes, was calling my dad every single day and somehow he also convinced my dad to invest 7.000eur. This amount, according to the website platform and within a month, kept on rising up to 15.000eur. But Mr Barnes was managing everything on his own and my dad was not even aware of the operations nor what he was investing on. Very often, almost daily, he kept insisting that they needed more money and that 7k was not enough, he even gave my dad 2000eur as credit without him requesting it nor knowing he had a 2000eur credit. Damian Barnes also insisted that they needed 20k so that they could invest it in Bitcoins to make more profit, as 40% was not enough, even threatening him that he could be losing his money.
It got to a point where it got more aggressive and my dad began to think this was totally wrong and that’s when I found out. We then asked them nicely to withdraw the money and close the account. They requested a reason and needed a week to evaluate and afterwards, they said “well, ok but you cannot do it now, we have to wait a month or two and then we’ll see…”. Hello?!?! Isn’t this my money?? Apparently not, 40 days have gone and after telling Damian Barnes that we would go to the police and spread this in the internet, they said everything was ok now, that they had sold everything finally and we would be able to recover the money and close the account. However in a unknown operation, after saying we would go to the police and after he said all operations were already closed, the balance went suddenly without any reason from 15.500 eur to 42.000 eur. And that’s when he told us we needed to pay up front 22% of the balance, in order to withdraw everything and get the money. Yes, they have the guts to request more than 9000eur so that we can get our money. We have told them to keep 10k or 20k and give us the rest, but we won’t pay them 1 more euro. They keep saying they will check, it is not possible, let’s wait…
So that’s the situation now, a total SCAM and they aim for older people without knowledge in these fields and without any perception of the internet scams and dangers.
Please spread the word because they are good and they know what they are doing, and they can steal a lot of money with this SCAM.
Hi ! I got into the same cheating as your dad! There would have been a payout now, but nothing happened. I even paid the tax, not a small amount! I would ask, did you come up with something?