SolidCFD Review

Is SolidCFD Scam or Legit Broker?

SolidCFD is a 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade SolidCFD. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable.

What is SolidCFD?

SolidCFD is owned by LOK marketing Ltd. It is an offshore Forex broker registered in Vanuatu with Vanuatu Financial Services Commission.

• The advantages of this license are speed and low cost. 2% of Forex companies start without licenses and operate in places such as Vanuatu or the Caribbean island of Nevis. In Vanuatu, the registration fee is around USD 2,000, but the minimum capital requested (the security bond) is USD 50,000.
• On the other hand, the license from the UK’s Financial Conduct Authority costs USD 50,000 and also needs USD 100,000 of capital for the STP license aside from client deposits.

SolidCFD Review Conclusion

We strongly advise opening a trading account only with brokers regulated by respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and Eightcap.

SolidCFD Update

Our research showed that the SolidCFD Website is inactive. Since money safety in forex goes first we recommend avoiding any proposals from SolidCFD and staying alert.