- Company name: LOK marketing Ltd
- Registration/license: Vanuatu
- Registration/license requirement: $2,000
Is SolidCFD a regulated forex broker or a scam?
no, SolidCFD broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
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.
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