Solidstocks review – 5 things you should know about solidstocks.co

Solidstocks review – 5 things you should know about solidstocks.co

Rating: 1

Beware! Solidstocks is an offshore broker! Your investment may be at risk.

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Solidstocks is yet another offshore broker creating a false sense of security by claiming to offer the most advanced platform and tools to secure profitability. Well, due to their efforts, we had to put this entity immediately on the scam suspects list, and we were right to do so. Find out why in the full Solidstocks review.

Solidstocks REGULATION AND SAFETY OF FUNDS

Solidstocks is a brand of Scintilla Enterprise LTD; a company allegedly registered in the Commonwealth of Dominica– a non-transparent offshore jurisdiction not regulating its Forex market. In fact, the country is so shady that we can’t even verify that there is such a company in legal existence. However, things are even worse as the Italian regulator CONSOB blacklisted Solidstocks, thus exposing the so-called broker as a scam scheme. Those things considered, we can boldly assert that your funds will be in danger if you deposit.

Avoid Solidstocks and see the high-rated EU brokers and British brokers on both lists instead. The European companies are sufficiently regulated, but most importantly, covered by deposit insurance funds protecting traders’ money if things go wrong. For example, if trading with a CySEC broker, you can claim up to 20 000 EUR in case of bankruptcy, while the British guarantees are up to 85 000 GBP. Whereas European licensed companies offer security, offshore entities like Solidstocks will most probably scam you.

Solidstocks TRADING SOFTWARE

Solidstocks’s trading software is web-based and pretty much inferior to MetaTrader, for example. The poor platform has too few unreliable indicators, the charting tools are not trustworthy, and the advanced features such as algo trading are totally missing. The EUR/USD spread we encountered was bigger than usual- 3 pips, so the broker can be dismissed as costly. In contrast, too many regulated brokers are offering a much more competitive Buy/Sell difference of 1 pip and below, so it’s anyway worthless dealing with the exposed Solidstocks.

So, we’d like to offer the high-rated MetaTrader4 brokers and MetaTrader5 brokers on both lists while talking about software. The MTs are market leaders packed with advanced features such as Expert advisors, many indicators, and excellent charting tools. The software also includes a marketplace with more than 10 000 apps and third-party developed solutions, which is an unrivalled advantage. Recently, MT5 surpassed MT4 for the first time in terms of brokers offering the platform, but its trading volumes are still lower. Anyway, the licensed MetaTrader brokers are miles ahead of the fraudulent Solidstocks and its hilarious platform.

The default leverage is 1:200 fixed, and that’s the maximum ratio actually, but it’s not adjustable and can’t be lowered. Well, that’s a red flag itself because Solidstocks creates an overly risky environment for its clients where they can lose all of their capital in a single trade.

In fact, leverage is so dangerous that it’s been a subject of regulatory restrictions for quite some time. For instance, due to regulations, licensed EU, British and Australian brokers have to limit retail clients to 1:30 for FX majors, while Canadian brokers and US brokers to 1:50. Swiss brokers are trustworthy but not leverage restricted, so experienced, and risk-tolerant traders eligible to open an account in Switzerland can safely go for it.

Solidstocks DEPOSIT/WITHDRAW METHODS AND FEES

The minimum deposit is $250, or more than twice more than the regulated brokers demand on average- around $100. Moreover, various regulated companies will let traders begin with real money for as little as $5, so you have yet another reason to avoid Solidstocks at any rate.

The funding methods are cryptocurrencies and Credit/Debit cards, out of which the latter is significantly safer. That’s due to the chargeback rights granted by major card issuers such as Visa and MasterCard, which allow clients to dispute transactions and restore their money if things go wrong.

Nevertheless, see our lists with Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers, and Bitcoin brokers if you have a preferred e-wallet or a trusted payment system. The high-rated companies are well-regulated, and you won’t face scammers, so you can safely open accounts.

There is nothing about withdrawals and transaction fees, but we encountered a nasty inactivity clause while assessing the provisions. According to the Terms, an account becomes dormant after merely 3 months of inactivity and will be subject to a deduction of 10% per month. That’s a scam!

Solidstocks is offering trading incentives even though it’s now out of bonus campaign. Still, there are provisions about it, and if clients accept bonuses, they have to trade 30 times the sum plus the deposit to become eligible for withdrawal, which doesn’t seem fair. Nevertheless, Solidstocks is a scam, so you shouldn’t get enticed by incentives. Trust us; whenever scammers reach you over the phone, they can offer multiple bonuses and exclusive deals just to seduce you.

Overall, Solidstocks is an exposed scam, so you should stay away from this fraudulent business.

HOW DOES THE SCAM WORK

The scam usually starts with the deceitful ad, the cold call or the fraudulent social media profile, and once you get enticed, you’ll be constantly manipulated by the con artists. In most cases, the scammers will claim to manage your account and will show you winning trades at the beginning to make you believe it’s worth dealing with them. By doing so, they aim to gain your confidence and trust, which helps them in the following stages.

From there on, scammers won’t let you withdraw profits but will constantly urge you to invest, again and again, asking for much greater sums. Make no mistake about it; those criminals will try to squeeze as much as possible from you, so they’ll advise you to put all of your savings in the scheme.

You’ll probably understand what’s going on as soon as you try to get your money back. At this point, scammers will try to persuade you not to do so and will even shamelessly say that you can’t withdraw unless you deposit once more. If you are persistent and refuse to follow their instructions, they will simply cut the communication and close your account. Then, whenever fraud becomes publicly exposed, scammers will abandon the website and create new ones, carrying on with their criminal activities.

WHAT TO DO WHEN SCAMMED

Unfortunately, no one is immune to scams. If you get scammed, the first thing you need to do is to consider the secondary risks. Deactivate your credit card and contact your bank and ask for advice.

Then, report what happened to you, file a complaint, contact the authorities, call the police if you feel necessary. Seek help actively!

Remember, it’s crucial not to rush blindly to recover funds because fraudulent chargeback agencies and individuals are stalking, trying to double scam the victims. They ask for upfront payment, take the money but won’t do anything to help you!

Share online your experience; it’s important to protect others, too. Be responsible

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7 Comments

  1. I am waiting my money back,they charge me for retiring 15%
    Who can help?

  2. The lead singer stole $500 I can’t get my money back stay away
    —————————–
    Solistidir 500 $ gasp etti paramı geri alamıyorum uzak durun

    1. It’s a lie they stole everything from me, they are scammers
      ———————–
      Es mentira ami me robaron todo, son estsfadores

    2. Solidstoks, una estafa camila jones, estafadora solo robaran tu dinero son expertos en extorcion y manipulacion jamas les dejes usar anidesk, te jakearan todo.
      Inventan cobros y seguros que no existen.
      Luego di reclamas lo tuyo se hacen los ofendidos, son un monton de malditos estafadores.

      No les crean nada. Hay empresas de verdad estpd don estafadores solidstoks, cc, com , co. Todo es lo mismo robo.

      ——————————-

      Solidstoks, a scam camila jones, scammer will only steal your money they are experts in extortion and manipulation never let them use anidesk, they will jake everything.
      They invent charges and insurance that do not exist.
      Then say you claim yours the offended are made, they are a lot of damn scammers.

      Don’t believe anything. There are real estpd companies don scammers solidstoks, cc, com, co. Everything is the same robbery.

  3. they have not pay my money.. they almost have been lied every day.. you dont believe to them.. ​never

  4. god damn thief thieves destroyed my $2000 money
    scammers, beware, I got burned, you don’t get burned
    ————————-
    allah belalarını versin şerefsiz hırsızlar 2000 dolar paramı yok ettiler
    dolandırıcılar aman dikkat ben yandım siz yanmayın

  5. Solidstocks.cc

    numbers of estafadores:

    Camila Jones: Falso number +447776943186.
    Nora Ericksen: Falso number + 447776852154.
    y otros numbers que también his parte of Malditos estafadores +447897049748 de aqui se pondran cualquier number his of the misma mafia de engaños internacionales.

    todo lo que les digan es will lie, planes y grupos de inversionistas.
    no entreguen ningún peso, dólar o moneda que tengan
    no the contesten.
    his maestros de la mentira y el engaño.
    y lo peor hipócritas.

    es una estafa siempre y por siempre.

    usaran todo tipo de métodos, his expert in computing, se meterán en tus redes usaran tus claves te robaran todo.

    y después te seguirán llamando son estafas piramidales, ellos comen y viven a despensas del robo y el engaño

    ——————————-

    Solidstocks.cc

    números de estafadores:

    Camila Jones: Nombre Falso +447776943186.
    Nora Ericksen: Nombre Falso + 447776852154.
    y otros números que también son parte de Malditos estafadores +447897049748 de aqui se pondran cualquier nombre son de la misma mafia de engaños internacionales.

    todo lo que les digan es mentira, planes y grupos de inversionistas.
    no entreguen ningún peso, dólar o moneda que tengan
    no les contesten.
    son maestros de la mentira y el engaño.
    y lo peor hipócritas.

    es una estafa siempre y por siempre.

    usaran todo tipo de métodos, son expertos en computación, se meterán en tus redes usaran tus claves te robaran todo.

    y después te seguirán llamando son estafas piramidales, ellos comen y viven a despensas del robo y el engaño

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