Solid ECN

General Information & Regulation

Solid ECN, a trading name of Solid ECN Securities LLC, presents itself as a global forex and commodities broker, presenting trading services and tools to both retail and institutional customers. It is founded in 2020 and registered in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021, claiming to provide its customers with over 200 tradable products with leverage up to 1:1000 and variable spreads from 0 pips on the MT5, MT5 Mobile and WebTrader trading platforms, as well as a choice of four different live account types and 24/7 customer support service. Here is the home page of this brokers official site:

As for regulation, it has been verified that Solid ECN does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.50/10. Please be aware of the risk.

Market Instruments

Solid ECN advertises that it offers access to more than 200 trading products in financial markets, including forex, indices, commodities, stock CFDs and cryptocurrencies.

Account Types

Solid ECN claims to offer four types of trading accounts, namely Micro, Standard, Holy and ECN. The minimum initial deposit amount is only $1 for the Micro, Standard and Holy accounts, while the ECN account has a much higher minimum initial capital requirement of $10.

Leverage

A leverage ratio of up to 1:1000 is offered by Solid ECN, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

Solid ECN claims that different account types can enjoy quite different spreads. Specifically, the spread on the Micro account starts from 2 pips, the Standard account has spread from 0.3 pips, the Holy account has spread from 1 pip, while only the ECN account holders can enjoy raw spreads from 0 pips. As for commissions, there is no commission on the Micro, Standard and Holy account, while the ECN account will be charged a commission of $2.

Trading Platform Available

Platforms available for trading at Solid ECN are MT5, MT5 Mobile and WebTrader. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Solid ECN says to work with numerous means of deposit and withdrawal choices, consisting of credit/debit cards like Visa, MasterCard, bank transfers, WebMoney, Perfect Money, cryptocurrencies of Bitcoin and others. The minimum initial deposit requirement is said to be only $1. While generally, there are no minimum withdrawal, no maximum deposit and withdrawal amount limits. The broker says there is no deposit fee charged, while it may charge some withdrawal fees.

As for the processing time of withdrawal requests, e-payment systems withdrawals (like WebMoney, Perfect Money, etc.) should be credited immediately, but sometimes may take up to 30 minutes. Credit/debit card withdrawals usually take 3-4 business days for the funds to be credited. As for bank transfer withdrawals, they are usually processed within 7-10 business days. Withdrawals to the bitcoin wallet can take from a few minutes to a couple of days.

Bonuses

Solid ECN claims to 30% deposit bonus, yet we cannot be sure if the bonus can be withdrawn without any limitation. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.

Customer Support

Solid ECNs customer support can be reached by telephone: +1 415 367 3742, email: info@solidecn.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: First Floor, First St Vincent Bank LTD Building James Street Kingstown St Vincent and the Grenadines.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.