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solidary markets-fx

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What currencies are accepted in Solidary Markets FX?
Ade
Kazakhstan
2023-03-14
ANSWER Solidary Markets FX is an unregulated trading platform even though it states offers that look too good to be true.When we read the information on this broker's website, we noticed the company Solidary Markets LLC, claiming to own and operate Solidary Markets FX, is registered in St. Vincent and the Grenadines with license number 376. We did find this firm's records on the website of St Vincent & The Grenadines Financial Services Authority (SVG FSA). However, it should be noted that SVG FSA does neither issue forex licenses nor regulate forex activities.In fact, Solidary Markets FX operates without oversight from financial regulatory authorities. That means investors' funds deposited in this broker are unsafe and trading with it comes with huge risks. Regarding your question, we would suggest investors stay away from unlicensed brokers like Solidary Markets FX and trade with fully regulated brokers.
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Somebody told me he make great profit and recommended me this broker. Is it reliable?
Chhaiya
Kuwait
2022-07-04
ANSWER Solidary Markets FX is not a regulated or licensed broker for traders even though it states offers that look good to be true. Solidary Markets FX claims to be authorized by New Zealand Financial Markets Authority (NZ FMA). We searched NZ FMA and found a matching result. However, Solidary Markets FX has not authorized to provide forex services, according to NZ FMA. More importantly, the Spanish regulator CNMV added Solidary Markets FX into the unregulated firm alert, warned that Solidary Markets FX ("SMFX") is not authorised to carry out investment services and activities in Spain as a result of lacking necessary authorization. You can check the full warning from here.These proofs make it clear: Solidary Markets FX is actually not regulated by any regulators to provide forex services. That means investors' funds in the broker is unsafe and cannot be protected by any laws. We would recommend traders stay away from unregulated brokers like Solidary Markets FX and trade with licensed brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.