Solidity Brokers is a Cyprus-based ECN broker that offers an impressive list of features including four different trading platforms, regular market reports, best price execution, instant trade execution and partnerships with 11 of the world’s biggest banks. But if you’ve traded before, you might think that this sounds too good to be true, so you may want to hear what other people have to say about Solidity Brokers before depositing money. Read this full Solidity Brokers review to see if this is the right Forex brokerage for you.
Two primary types of accounts are available at Solidity Brokers – the ECN/STP account and the FIX-STP account. Spreads on the Fixed account start at 3 pips for EUR/USD in a mini account, and commissions on the standard ECN/STP account begin at $10 per lot for a mini account. As with all other brokers, the more money you deposit with Solidity Brokers, the better the trading conditions. The minimum deposit required for a mini account of any type is $500, and Standard Accounts require a minimum deposit of $2500.
Solidity Brokers does offer allow for a range of trading strategies including trailing stops, scalping, hedging and one-click transactions. Fractional pip pricing is also available. The broker offers trading of 44 currency pairs as well as futures, metals and CFD trading, which should allow every trader to find the investment vehicle they’re looking for.
Deposits and withdrawals at Solidity Brokers can be done via credit card, wire transfer, and MoneyBookers, among other ways. However, it should be noted that Solidity Brokers, though it claims to be one of the most solid Forex brokers on the internet, though they aren’t currently regulated, which lead us to foster serious doubts about the company’s reliability. Likewise, we attempted to chat with the company’s live chat service several times during standard trading hours and were constantly asked to leave a message instead of reaching a live representative, which was another red flag.
Nevertheless, we have no doubts that the company’s website is easy to navigate and that with a web trader and downloadable MT4 platform as well as mobile trading, Solidity Brokers offers platforms that can appeal to all types of traders. We’d like to believe that the company’s regulation is forthcoming and that a lack of licensing is simply due to the fact that this Forex brokerage is somewhat new. However, since we were unable to connect with the broker during our Solidity Brokers review, we could not substantiate this assumption.
Solidity Brokers is definitely a brokerage worth watching, as we expect that if it is able to get regulated in the near future it be instantly more popular and worthwhile for those seeking a new Forex broker.
Review info: Solidity Brokers
Review Date: 2012-09-11
Rating : 3.5
Reviewed By : Sara Patterson (Google+)
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