SOLTCL Forex Broker provides real users with * positive reviews, * neutral reviews and 3 exposure review!
Business
License
they are big scammer and cheater they restricted withdrawal
This is a fraudulent company
Don't be fooled, they stole from me on this platform. They ask me for another deposit in order to withdraw my money. It's fake.
In the world of online trading, the choice of a broker can significantly impact your investment journey. The recent reviews of Soltcl, a brokerage firm founded in 2022 and based in New Zealand, reveal a mix of opportunities and considerable risks. While it offers a diverse range of investment options, its lack of regulatory oversight raises alarms among potential investors.
Note: Its essential to be cautious when dealing with brokers like Soltcl, as they operate under different entities across regions. This review aims for fairness and accuracy by analyzing multiple sources and perspectives.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
| Additional Features | 3 |
We rate brokers based on user feedback, regulatory status, and overall service quality.
Founded in 2022, Soltcl (short for Solana Trustee Company Limited) positions itself as a multifaceted investment platform, offering a variety of asset classes including real estate, private equity, credit, and multi-asset strategies. The broker operates via its website, soltcl.net, and claims to provide access to diverse trading opportunities. However, it is crucial to note that Soltcl lacks regulatory oversight, which is a significant concern for potential traders. The absence of a recognized regulatory body overseeing its operations raises questions about the safety and security of client funds. Additionally, there is no information indicating the use of popular trading platforms like MT4 or MT5, which may limit the trading experience for some users.
Soltcl operates without any valid regulatory license, which is a major red flag. According to multiple sources, including Scam Help Center and WikiBit, this unregulated status leaves traders vulnerable to potential fraud and mismanagement of funds. The lack of oversight means that investors have limited recourse in case of disputes or fraudulent practices. The firm is registered in New Zealand but does not appear to be under the jurisdiction of any major regulatory bodies such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC).
While specific details regarding deposit and withdrawal options remain vague, it appears that Soltcl supports multiple currencies, including cryptocurrencies. However, the absence of clear information on transaction fees and processing times can be concerning for potential investors. Users have reported difficulties in withdrawing their funds, with some claiming that their withdrawal requests were restricted or ignored, which reflects poorly on the broker's reliability.
Soltcl offers tiered investment plans with a minimum deposit starting from $30, which is relatively low compared to many other brokers. However, the promised returns (up to 120% for higher deposits) seem unrealistic and raise suspicions about the legitimacy of such offers. This aspect aligns with the common tactics employed by scams, where high returns lure in unsuspecting investors.
Information regarding trading costs, such as spreads and commissions, is sparse. Potential investors should be wary of hidden fees that may not be disclosed upfront. Furthermore, the leverage offered by Soltcl is not clearly stated, which is another critical factor that traders need to consider when assessing the risk involved in trading with this broker.
Customer support appears to be a significant issue for Soltcl, with many users reporting poor experiences. Reviews indicate that the support team is unresponsive, and clients have struggled to get assistance when needed. This lack of adequate support can be detrimental, especially for new traders who may require guidance.
While the website suggests that customer support is available 24/7, the languages offered for assistance are not specified. Additionally, there is no clear information about restricted regions, which could pose challenges for international traders looking to engage with the platform.
Overall, the Soltcl review paints a concerning picture of this brokerage. While it offers a range of investment opportunities, the lack of regulation, poor customer service, and alarming user experiences highlight significant risks. Potential investors should exercise extreme caution and consider exploring more reputable and regulated alternatives. The promise of high returns and diverse investment options may be enticing, but without proper oversight, the risks far outweigh the potential rewards. Always conduct thorough research before committing funds to any trading platform, especially one like Soltcl that operates without regulatory supervision.
