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Solabiz-innovation Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://solabiz-innovationmarkets.com/signup, about the company's legal and temporary regulatory information, the company's address 20-22 WENLOCK ROAD London England Unitied Kingdom..

Solabiz-innovation Markets Forex Broker

Basic Information

Registered Region
United States
Operating Period
--
Company Name
Solabiz-innovation Markets
Abbreviation
Solabiz-innovation Markets
Company employee
--
Customer Service Email Address
support@solabiz-innovationmarkets.online
Contact Number
+447466071679
Company address
20-22 WENLOCK ROAD London England Unitied Kingdom.
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

Platinum

Minimum Deposit
$3000

Classic

Minimum Deposit
$1500

  

Solabiz Innovation Markets Forex Broker - Complete Information Guide

  

1. Broker Overview

  Company Name: Solabiz Innovation Markets

  Establishment Year: Between 2018 and 2021, as indicated by the range of operating years provided.

  Headquarters Location: The broker is registered in the United States, with a primary office located at 20-22 Wenlock Road, London, England, United Kingdom.

  Company Nature: Solabiz Innovation Markets operates as a private entity.

  Main Markets and Clientele: The broker primarily serves retail traders and institutional clients globally, providing access to a wide range of financial instruments.

  Company Development and Milestones: Over its operating period of 2 to 5 years, Solabiz Innovation Markets has established itself in the forex and cryptocurrency trading sectors, although it currently lacks valid regulatory licenses, raising concerns about its operational legitimacy.

  Parent Company or Group Relations: There is no information indicating a parent company or group affiliation.

  Business Model Overview: Solabiz Innovation Markets operates as a retail forex and cryptocurrency broker, offering various trading products and services to its clients.

  The solabiz innovation markets broker aims to provide traders with comprehensive access to the financial markets, facilitating investment and trading across multiple asset classes.

  

2. Regulatory and Compliance Information

  Main Regulatory Agencies: Solabiz Innovation Markets has been flagged by multiple regulatory bodies, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, indicating a lack of valid regulation.

  Regulatory Numbers: Specific regulatory numbers are not provided in the search results, highlighting the absence of valid licenses.

  Validity and Scope of Regulatory Licenses: The broker currently holds no valid regulatory information, which poses a high risk for potential clients.

  Legal Entities in Different Regions: The broker operates under various legal entities; however, specific details regarding these entities are not disclosed.

  Client Funds Segregation Policy: There is no information available regarding the segregation of client funds, which is a critical aspect of broker transparency and security.

  Investor Compensation Fund Participation: The search results do not indicate any participation in investor compensation schemes, further raising concerns about client protection.

  KYC and AML Compliance Measures: Solabiz Innovation Markets reportedly lacks adequate KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures, which could expose clients to significant risks.

  Due to these compliance issues, potential clients should exercise caution when considering the solabiz innovation markets broker for trading activities.

  

3. Trading Products and Services

  Number of Forex Currency Pairs and Major Varieties: The broker offers a selection of forex trading pairs, although specific numbers are not disclosed. Major pairs typically include EUR/USD, GBP/USD, and USD/JPY.

  Categories of CFD Products: Solabiz Innovation Markets provides CFD trading on various assets, including indices, commodities, stocks, and cryptocurrencies.

  Special Products or Unique Trading Varieties: The search results do not mention any unique or proprietary trading products offered by the broker.

  Product Update Frequency and New Additions: There is no specific information regarding the frequency of product updates or the introduction of new trading instruments.

  Retail Trading Services: The broker offers standard retail trading services, allowing clients to trade various asset classes through its platform.

  Institutional Client Services: There is no detailed information about services specifically tailored for institutional clients.

  White Label Solutions: The search results do not indicate the availability of white label solutions.

  Asset Management Services: There is no mention of asset management services provided by the broker.

  Overall, the solabiz innovation markets broker aims to cater to a diverse range of trading needs, but the lack of specific details raises questions about the breadth and depth of its offerings.

  

4. Trading Platforms and Technology

  MetaTrader 4/5 Support: The broker supports the widely-used MetaTrader 4 platform for trading, which is popular among retail traders for its user-friendly interface and advanced charting capabilities.

  Details of Proprietary Platforms: There is no information available regarding any proprietary trading platform developed by Solabiz Innovation Markets.

  Web-Based Trading Platform: The broker offers a web-based trading platform, but specific features and functionalities are not detailed in the search results.

  Mobile Application Support: Information on mobile application support for iOS and Android devices is not provided, leaving potential clients uncertain about mobile trading capabilities.

  Execution Model (ECN, STP, Market Making): The execution model used by Solabiz Innovation Markets is not specified, which is crucial for understanding how trades are processed.

  Server Locations and Technical Infrastructure: The broker's server locations and technical infrastructure details are not disclosed, which can impact trading speed and reliability.

  API Access and Automated Trading Support: There is no information regarding API access or support for automated trading, which is important for algorithmic traders.

  The solabiz innovation markets broker appears to provide essential trading platform functionalities, but the lack of detailed information may deter potential clients looking for advanced trading technology.

  

5. Account Types and Trading Conditions

  Standard Account Conditions: The minimum deposit requirement for accounts is reported to be $500, but specific details regarding spreads and commissions are not provided.

  Advanced Account Types: There is no specific mention of advanced account types such as VIP or professional accounts.

  Special Accounts: Information regarding special accounts, such as Islamic accounts or corporate accounts, is not available.

  Demo Account Policy: The search results do not provide information about the availability of demo accounts for prospective traders.

  Leverage Ratio Range: The broker offers leverage up to 1:500, which is common among forex brokers, but specific leverage ratios for different products are not detailed.

  Minimum Trade Size: There is no information regarding the minimum trade size or lot sizes accepted by the broker.

  Overnight Fees Policy: Details regarding overnight fees or swap rates are not provided, which is essential for traders holding positions overnight.

  In summary, the solabiz innovation markets broker offers basic account types and trading conditions, but the lack of detailed information may lead to uncertainty for potential clients.

  

6. Fund Management

  Supported Deposit Methods: The broker supports various deposit methods, including bank transfers and credit cards, although specific details are not provided.

  Minimum Deposit Requirements: The minimum deposit requirement varies by account type, with at least $500 required for standard accounts.

  Deposit Processing Times: The search results do not specify the processing times for deposits, leaving clients uncertain about fund availability.

  Deposit Fees: There is no information regarding any fees associated with deposits, which can affect the overall trading cost.

  Withdrawal Methods and Restrictions: The broker's withdrawal methods and any associated restrictions are not detailed in the search results.

  Withdrawal Processing Times: There is no information available regarding the processing times for withdrawals, which is critical for clients needing timely access to their funds.

  Withdrawal Fee Structure: Information about withdrawal fees is not provided, which is important for understanding the total cost of trading.

  Overall, the solabiz innovation markets broker presents a basic framework for fund management, but the absence of specific details may raise concerns for potential clients.

  

7. Customer Support and Educational Resources

  Support Channels: Solabiz Innovation Markets offers customer support through various channels, including phone, email, and online chat, but specifics are not provided.

  Service Hours and Time Zone Coverage: The search results do not specify the service hours or time zone coverage for customer support.

  Multilingual Support: There is no information available regarding the languages supported by the customer service team.

  Types of Educational Resources: The broker appears to offer educational resources, including webinars and tutorials, but specific offerings are not detailed.

  Market Analysis Services: Information about daily market analysis, news, and research reports is not provided, which is essential for informed trading decisions.

  Trading Tools: The availability of trading tools, such as calculators and economic calendars, is not mentioned.

  The solabiz innovation markets broker aims to provide customer support and educational resources but lacks detailed information that could enhance the trading experience.

  

8. Regional Coverage and Restrictions

  Main Service Markets: The broker serves clients globally, but specific regions are not detailed in the search results.

  Regional Office Distribution: There is no information regarding the distribution of regional offices, which could affect client accessibility.

  Countries/Regions Not Accepted: The search results do not specify any countries or regions from which clients are not accepted.

  Special Restrictions: There is no information provided regarding any special restrictions that may apply to certain clients or regions.

  In conclusion, while the solabiz innovation markets broker claims to have a broad international reach, the lack of specific regional information may limit its appeal to potential clients.

  In summary, the solabiz innovation markets broker presents a mixed profile, with significant areas of concern regarding regulation, compliance, and the breadth of services offered. Potential clients are advised to conduct thorough research and consider the risks associated with trading through an unregulated broker.

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Latest Reviews

随风无为

随风无为

United Kingdom

A minimum of 500 euros is required to open an account at Solabiz-innovation Markets. This amount is a bit high! Is it true that poor people are not worthy of foreign exchange transactions?

Positive

2023-02-21

Solabiz-innovation Markets Forex Broker has an overall rating of 1.45, Regulatory Index 0.00, License Index 0.00, Business Index 6.53, Software Index 4.00 Risk Control Index 0.00.
Solabiz-innovation Markets