Solidusx Review – Is Investing in Solidusx Safe?
When investing in online trading platforms, it is essential to do your research and investigate carefully. Solidusx is another broker that recently came to our attention. The goal of this Solidusx review is to find out the truth about the broker and try to figure out whether it is a legitimate trading platform or a scam. Every investor should be aware of the various warning signs that Solidusx increases regarding the growing number of complaints and regulatory warnings.
Solidusx Overview
Solidusx is a multi-asset broker run by Digital Genius Group Ltd. that is registered in Saint Vincent and the Grenadines. It has a variety of tradable instruments and provides financial leverage up to 1:200. The most critical component of a trustworthy service is that Solidusx is unregulated. According to WikiFX, Solidusx has a high-risk profile, as evidenced by its 1.38/10 score.
Company Name – Solidusx
Website – https://www.solidusx.com/
Address – (i) 1 Amber Shaft, London, EC3 8EE
(ii) Beachmont Business Centre, Suite 165, Kingstown, St. Vincent and the Grenadines
Regulatory Warning – Financial Conduct Authority (United Kingdom)
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Key Concerns Highlighted in This Solidusx Review
1. No Regulatory Oversight
Solidusx has no license to operate. The UK’s Financial Conduct Authority (FCA) has issued a warning to this broker, which is a very serious cause for concern.
Check full warning here: https://www.fca.org.uk/news/warnings/solidusx
2. Inaccessible Website
As of now, the broker’s official website, https://www.solidusx.com/, is down – which almost completely prohibits access to account data, or verify any claims.
3. Absence of Standard Trading Platforms
Solidusx just performs simple web trader and mobile trading apps, which are very unreliable and unfunctioning, versus trusted brokers, who use MT4 or MT5.
Why Solidusx Might Be a Scam
Lack of Transparency
Solidusx did not disclose legal credentials nor disclose other significant company information. This lack of transparency resembles a scam brokers.
Unrealistic Promises
The platform does not provide enough functionality or customer satisfaction to support its assertions of flexible leverage and five unique live account types.
High Minimum Deposit
A minimum deposit of $500 is much greater than many regulated brokers require, especially for a platform that has no features and lacks a license.
Frequently Asked Questions (FAQ)
Q1: Is Solidusx a regulated broker?
A: No. Solidusx currently operates without a valid license or regulatory oversight.
Q2: What trading platforms does Solidusx offer?
A: Solidusx provides a web trader and mobile apps, not the industry-standard MT4 or MT5.
Q3: What is the minimum deposit to open an account?
A: $500, which is high considering the broker’s lack of credibility.
Q4: Is Solidusx suitable for beginner traders?
A: No. Its unregulated status and high deposit make it risky for beginners.
Summary of Risks
- No valid regulation or license
- Low trust score (1.38/10 on WikiFX)
- Non-functional website
- No access to MT4/MT5
- High initial deposit
- FCA warning
- Poor transparency
This Solidusx review makes it clear: investors should stay away from this broker.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
