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Solid Trader

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Operating status: SCAM

Website: https://solid-trader.com/

Broker violations and abnormal records
  • 2025-01-06 The FCA issues a warning against Solid Trader

    On January 7, 2025, the Financial Conduct Authority (FCA) issued a warning against Solid Trader, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/solid-trader-solid-tradercom

    On January 7, 2025, the Financial Conduct Authority (FCA) issued a warning against Solid Trader, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/solid-trader-solid-tradercom
  • 2025-01-07 BrokersView has reviewed that Solid Trader is an unregulated broker

    Solid Trader seems to have emerged recently, with its domain name just registered in August 2024. While Solid Trader lists names of several financial regulators to appear legitimate and regulated, it doesn't provide any valid licensing information to back up those claims. This is a warning sign. In addition, the Financial Conduct Authority (FCA) has issued a warning about Solid Trader for carrying on unauthorized financial activities.

    In essence, Solid Trader is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.  Solid Trader appears to be a scam. 

    Solid Trader seems to have emerged recently, with its domain name just registered in August 2024. While Solid Trader lists names of several financial regulators to appear legitimate and regulated, it doesn't provide any valid licensing information to back up those claims. This is a warning sign. In addition, the Financial Conduct Authority (FCA) has issued a warning about Solid Trader for carrying on unauthorized financial activities. In essence, Solid Trader is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Solid Trader appears to be a scam.

Related Complaints

Q&A

Solid Trader scam?

ALIKI Solomou
Costa Rica
2025-01-08
ANSWER Dear Investor, Thank you for reaching out to us. Our research suggests that Solid Trader may be a scam. Firstly, Solid Trader doesn't have a long-standing online presence, with its domain registered only in August 2024. There is not much information available online for research, making its status non-transparent. Secondly, while Solid Trader claims to be based in the UK, the Financial Conduct Authority (FCA) has issued a warning, flagging it as unauthorized. Therefore, Solid Trader is operating out of the UK without the required authorization, making it appear to be a scam. For the safety of your funds and personal information, it is recommended to avoid using Solid Trader.
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