SolidusX Forex Broker

Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation Feature Detail Regulation No regulation Market Instrument stocks, cryptocurrencies, commodities, currencies, indices, ETFs Account Type Tyro, Optio, Primus, Centurion and Legatus Demo Account N/A Maximum Leverage 1:200 Spread Vary on the account type Commission Vary on the account type Trading Platform Web trader & trading apps Minimum Deposit $500 Deposit & Withdrawal Method Cryptocurrency & bank transfers SolidusX, a trading name of Digital Genius Group Ltd, is allegedly a multi-asset broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:200 on Web trader and trading apps via five different live account types. Here is the home page of this brokers official site: As for regulation, it has been verified that SolidusX currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.03/10. Please be aware of the risk. Note: The screenshot date is January 12, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores. Market Instruments SolidusX advertises that it offers access to 5,000+ markets, including stocks, cryptocurrencies, commodities, currencies, indices, and ETFs. Account Types SolidusX claims to offer five types of trading accounts, namely Tyro, Optio, Primus, Centurion and Legatus, with minimum initial deposit requirements of $500, $2,500, $25,000, $100,000 and $250,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. Leverage SolidusX provides up to 1:30 leverage or up to 1:200 as a Professional Client for Centurion accounts. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads & Commissions All spreads with SolidusX are scaled with the accounts offered. Fixed Spreads on the Tyro account, Variable Spreads on the Optio account, Market-Grade Spreads on the Primus account, and Institutional Grade Spreads on the Centurion and Legatus accounts. As for the commission, there is no commission on the Centurion and Legatus accounts, while the left account types seem to pay unspecified commissions. Trading Platform Available Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, SolidusX gives traders a Web trader and trading apps. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors. Deposit & Withdrawal SolidusX supports cryptocurrency and bank transfers. The minimum initial deposit requirement is said to be up to $500. Bank transfer withdrawals typically take 2-4 business days, while crypto-backed transfers usually take 15-30 minutes. Customer Support SolidusXs customer support can be reached by telephone: +（44）2081543483, +（61）282058232, email: support@solidusx.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook and LinkedIn. Company address: Beachmont Business Centre, Suite 165, Kingstown, St. Vincent and the Grenadines. Pros & Cons Pros Cons • Multiple tradable assets and account types • No regulation • High minimum deposit (500 USD) Frequently Asked Questions (FAQs) Q 1: Is SolidusX regulated？ A 1: No. It has been verified that SolidusX currently has no valid regulation. Q 2: Does SolidusX offer the industry-standard MT4 & MT5？ A 2: No. Instead, SolidusX offers a Web trader and trading apps. Q 3: What is the minimum deposit for SolidusX？ A 3: The minimum initial deposit at SolidusX to open an account is $500. Q 4: Is SolidusX a good broker for beginners？ A 4: No. SolidusX is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit.