Statistics of Solidary Markets votes

Solidary Markets reviews

Solidary Markets_logo Solidary Markets 6/10 (votes 2539)

On-line since: 2013
Country of origin: New Zealand
Regulation: -
Payment options: bank transfer, credit and debit cards, Neteller, Skrill
Minimum account size: $10
Minimum lot size: 0.01 lots
Leverage: up to 1:200
Spreads: floating, from 0.3 pips

The brand belongs to Solidary Markets NZ Ltd. which is located in New Zealand. The broker claims that its activities are beyond the jurisdiction of the New Zealand Financial Services Law of 2008, that is why Solidary Markets is not required to register with the Financial Services Providers (FSPR).

If a company is included in the FSPR, it is not necessarily licensed or regulated in New Zealand. However, a broker must be registered, if it wants to work in the country.

The STP/NDD broker offers trading currencies, metals, and binary options. There can be AUD, EUR, and USD accounts.

Trading account types

Mini is a cent account which perfectly suits beginning traders as well as those who want to practice any strategy or test all well-known advisers. The main currencies are the US and euro cents and that allows clients to reduce the deposit amount necessary for trading hundredfold. After depositing at least $10, the money will be automatically converted into cents and become available in the account on the MetaTrader4 platform. The maximum deposit is $200. The Mini account holders are also allowed scalping.

Traders can open the Standard account with the minimum deposit of $50. Using this account, clients have the opportunity to practice all the trading strategies and the maximum deposit is unlimited. Besides, there are floating spreads from 1.3 pips and no commissions.

The Top and Elite accounts are the most popular among the customers of Solidary Markets. Trading conditions for these accounts are similar. The minimum deposit is 100 US dollars, euros, or Australian dollars while the previous account types allow only US dollars or euros. All trading strategies can be chosen, the leverage is up to 1:200. The differences between these account types are spreads and commissions. There is a zero spread for the TOP account and spreads from  0.2 pips for the Elite one. Commissions are 2.9 for every lot from each side for TOP and 3.9 for Elite.

Trading instruments are the same for all four accounts, that is 45 currency pairs, metals, and binary options.

Moreover, the broker offers MAM/PAMM accounts as well.

The advantages of Solidary Markets:

  • cent accounts;
  • minimum deposit of $10;
  • the average order execution speed of 50 milliseconds;
  • risk control (traders can not lose more than the initial amount chosen for trading);
  • VPS hosting;
  • trading currencies, CFDs, and binary options on one platform, MetaTrader 4.

Withdrawal of funds

Investors have the right to withdraw from 100 to 25,000 USD/EUR on a bank card at a time, from 10 USD/EUR through the Neteller and Skrill payment systems and unlimited amount of funds through bank transfer.

The broker's website is available in English and Spanish. The customer support works 24/6.

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Comments about broker

Eduardo trader
review Solidary Markets

I have been working with SMFX since 2013 and have nothing but positive comments. They have the best support, very human and always willling to help. I am very satisfied with their accounts. Got two of them, a Standard for swing trading and a Top for scalping. Their execution times are excellent and so their spreads. Highly recommended for those searching a broker where you can start trading with small capital and be able to produce any strategy.

KentGaddy trader
review Solidary Markets

I have an investment in Forex of a standard account associated with an automatic system of Stock Market that operates with Solidary Markets and I have noticed that this broker is putting the hand in my money. I have lost almost 10 euros last month. I used the TradeTools FX platforms for forex trading and I say their execution quality is very worst and it crashes many times. Here my EA doesn't work well. Sometimes their floating spreads increased up to 5to 8 pips from 1.3 pips. So I have withdrawn 36 euros in the concept of their market manipulation service. Their Commission too high Besides I found a warning from CNMV about regulation that Solidary Markets broker haven´t got license. So I tried to warn others about Solidary Markets.

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