Solid Stocks 2025 Review: Everything You Need to Know
Summary: Solid Stocks has garnered a predominantly negative reputation among users and experts alike, primarily due to its lack of regulation and numerous complaints about withdrawal issues. Key findings indicate high leverage options and a web-based trading platform, but the risks associated with investing in this broker are considerable.
Attention: It is crucial to note that Solid Stocks operates under various entities across different jurisdictions, which may contribute to the confusion regarding its legitimacy. This review aims to provide a fair and accurate representation based on available information.
Rating Overview
How We Rated the Broker: Ratings are based on user feedback, expert opinions, and factual data collected from various sources.
Broker Overview
Founded in 2020, Solid Stocks is an online trading platform owned by Scintilla Enterprise Ltd, based in Dominica. The broker offers a proprietary web-based trading platform that lacks the advanced features commonly found in industry-standard platforms like MetaTrader 4 or 5. Solid Stocks provides access to a variety of trading instruments, including forex, CFDs, and cryptocurrencies, but is notably unregulated, raising serious concerns about the safety of client funds.
Detailed Section
Regulatory Status
Solid Stocks operates without valid regulatory oversight, which is a significant red flag for potential investors. The broker has been blacklisted by various regulatory bodies, including Italy's CONSOB and Spain's CNMV, for engaging in fraudulent activities. According to WikiFX, the broker has a regulatory score of 0.00, indicating a high-risk status.
Deposit and Withdrawal Methods
The broker requires a minimum deposit of $250, which is higher than the average for regulated brokers, typically around $100. Solid Stocks accepts deposits via credit/debit cards and cryptocurrencies, but details on withdrawal processes are sparse. Numerous user complaints highlight difficulties in withdrawing funds, with many reporting that their accounts were suspended upon requesting withdrawals. As noted by Valforex, users often face excessive delays and are pressured to deposit more funds without ever receiving their initial investments back.
Minimum Deposit
The minimum deposit to open an account with Solid Stocks is $250. This amount is significantly higher than many regulated brokers that allow traders to start with as little as $5. This high entry barrier can deter new or budget-conscious investors from participating.
Solid Stocks does not currently offer any bonuses or promotions, which can be a disadvantage compared to other brokers that frequently provide incentives to attract clients.
Tradable Asset Classes
The broker offers a range of tradable assets, including over 55 currency pairs, various commodities, indices, and more than 30 cryptocurrencies. However, the lack of advanced trading tools and resources makes it less appealing for experienced traders.
Costs (Spreads, Fees, Commissions)
The spreads offered by Solid Stocks can be as high as 3 pips, which is significantly more than what regulated brokers typically offer, often around 1 pip or lower. The broker also imposes an inactivity fee of 10% per month after three months of inactivity, which can erode account balances quickly.
Leverage
Solid Stocks provides a maximum leverage of 1:200, which may attract traders looking to amplify their potential returns. However, this high leverage also increases the risk of significant losses, making it a double-edged sword for investors.
The broker exclusively uses its proprietary web-based platform, which lacks many features and reliability found in established platforms like MetaTrader. This limitation can hinder the trading experience for users accustomed to more sophisticated tools.
Restricted Regions
Solid Stocks does not accept clients from the United States, which is a common practice among unregulated brokers to avoid scrutiny from stricter regulatory bodies.
Available Customer Service Languages
Customer service options are limited, with reports indicating a lack of responsiveness and support. The absence of a dedicated phone line further complicates communication between the broker and its clients.
Rating Overview (Repeat)
Detailed Breakdown
Account Conditions
The account conditions at Solid Stocks are unfavorable, primarily due to the high minimum deposit and lack of regulatory oversight. Users have reported that the broker's policies are not transparent.
The tools available on the Solid Stocks platform are limited, lacking the advanced indicators and features necessary for serious trading. This makes it less suitable for experienced traders.
Customer Service and Support
Customer service is a significant concern, with many users reporting poor experiences and unresponsive support channels. This lack of support can leave traders feeling stranded and frustrated.
Trading Setup (Experience)
The trading experience on Solid Stocks is hindered by the limitations of its proprietary platform, which fails to meet the expectations of users accustomed to more established trading platforms.
Trustworthiness
Given the lack of regulation and numerous negative reviews, Solid Stocks is deemed highly untrustworthy. Users should exercise extreme caution when considering this broker.
User Experience
Overall user experiences are predominantly negative, with many complaints about withdrawal issues and the broker's attempts to solicit additional deposits. This raises serious concerns about the broker's integrity.
In conclusion, the potential risks associated with Solid Stocks far outweigh any perceived benefits. It is strongly advised that traders conduct thorough research and consider regulated brokers with proven track records before engaging with Solid Stocks.
