SolidCFD Review

Is SolidCFD a scam or a legit broker?

SolidCFD is 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.

SolidCFD is owned by the 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 places such as Vanuatu or the Caribbean island of Nevis. In Vanuatu, the registration fee is around USD2,000, but the minimum capital requested (the security bond) is USD50,000.

Comparing the license from UK’s Financial Conduct Authority, that costs USD 50,000 and also needs USD 100,000 of capital for the STP license aside from client deposits.

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the 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 AvaTrade and XM.com.

Yet, it is always great to hear your personal opinion about SolidCFD. So you may share your experience or thoughts or discuss them below or ask us for additional information.