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SolidCFD Review
Traders Rating11 Votes0.4
Website: https://www.solidcfd.com - https://www.solid-cfd.com
Address: Suite 368, Lansdowne Row, London, W1J 6HL United Kingdom
Phone: 0203734154 - 02080684060 - +442036953644
Email: compliance@solidcfd.com - support@solidcfd.com - support@solid-cfd.com
Company: GM Marketing Group LTD and LOK Marketing LIMITED
Company Address: trust company complex ajeltake road ajeltake island majuro marshall islands mh96960
Regulation: Offshore License
0.1
SolidCFD Rating
Solid-CFD Warning
Financial Conduct Authority (FCA) warns against SolidCFD!
Have You Been Scammed by SolidCFD?

 

SolidCFD is a forex trading platform. There are many complaints registered against it with users declaring it a fraud. We are going to look into it and see whether the site is ripping people off or not.

 

 

  get_help_experts

About SolidCFD

 

The website has no information about the company, its history, founders or anything. We researched and found the company was founded in 2015 by LOK Marketing LTD. The registered address is Govant Building BP1276 Port Vila, Vanuatu. LOK Marketing LTD itself incorporated in 2016.

SolidCFD is not licensed or regulated by anyone like MiFID, FCA, ASIC, and CySEC. They are only registered with Vanuatu and are regulated by Local Financial Services Commission (VFSC). This doesn’t promise anything.

 

Accounts

 

SolidCFD offers four main Accounts and an additional Islamic Account. Following, we are giving their basic features:

 

Beginner’s Account

 

  • Min Deposit: $250
  • Bonus: No Bonus
  • Benefits: Personal Broker, Mobile Trading, and Access to Learning Academy

 

Classic

 

  • Min Deposit: $2,500
  • Bonus: 20%
  • Benefits: 1on1 CBD Trading with Senior Broker, and Trading Alerts

 

Pro

 

  • Min Deposit: $10,000
  • Bonus: 30%
  • Benefits: Free Withdrawals, and Analysis Workshop

 

VIP

 

  • Min Deposit: $50,000
  • Bonus: 50%
  • Benefits: Solid Care services with Access to a Manager and Senior Broker, Live access to Market News, Portfolio Updates, Currency and Stock Rates

 

Trading Platform and Software

 

Every trading platform incorporates a trading software. We will describe what system SolidCDF uses.

Desktop

Surprisingly, SolidCFD doesn’t use MetaTrader4 (MT4). Instead, it utilizes a heavily modified SpotOption. This trading platform is popular, but the layout is very different. In fact, SolidCFD reversed the whole trading process.

First, you calculate stop loss, and profit levels, then you enter the right size for a trading account. With SolidCFD, you start with your amount, leverage ratio and profit target. This platform doesn’t let you pick Stop-loss. The market doesn’t work like this.

Mobile

SolidCFD doesn’t offer a mobile version of their Trading Platform. If you want to trade from your smartphone or tablet, you can do it in the browser. The website has a responsive design, and you can use  SpotOption from a cellphone.

 

Payment

 

SolidCFD accepts several methods of payments. However, these methods do not work including e-wallet, which is suspicious as many traders live on it. The company has specific terms about withdrawing or depositing funds. It accepts payments via:

 

  • iDeal
  • Credit and Debit Card
  • Bank Wire
  • Cash U
  • Qiwi

 

Bank Transfers have limits, and the company charges a fee for every transaction.

 

Support

 

No live chat,  only contact the support team via email, phone or a forum. The most convenient option is a callback. Emai inquiries are replied within 24 hours, and there are ten different numbers available

 

Problem

 

There is no forum on official site, but the internet is full of users complaining they can’t withdraw their money or their account is blocked/suspended even though they were working and had money in it. So far the company hasn’t responded to them. This raises concern.

 

Verdict

 

SolidCBD is a Forex and CFD Broker. It is a mix between spot trading and binary. The risk management is weak. It doesn’t use Neteller and Skrill. There is a fee for every transaction. It seems the company only cares about making money, not its customers.

The company engages in malpractices; it doesn’t offer the right tools to the user and let them stop a losing trade. There are tons of complaints about withdrawal issues. Its very obvious, SolidCFD is a scam, stay away from it.

 

 

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Online Trading Scams / 2 Responses / by

Post Author: ScamRecovery

2 thoughts on “SolidCFD Review

  • Günter Bartsch

    (October 24, 2018 - 7:16 am)

    Ich kann mich nicht mehr einloggen.

  • Wolf-Michael Zorn

    (January 22, 2019 - 7:58 pm)

    Es geschehen noch Wunder!!! Meine Einzahlung (Investition) auf das Trading-Konto bei solidcfd.com vom 08.01.2018 (!!!) bei einer Super-Polen-Bank ist heute am 22.01.2019 zurückgebucht worden. Beachtet: ohne mein Zutun!!!

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