Forex Broker

Solidary Markets review

Solidary Markets

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

About company:

Solidary Markets FX is a broker that offers trading currencies and binary options on the MetaTrader 4 platform. The company allows traders to open cent accounts. According to the information on the website, Solidary Markets is not required to register with the Financial Services Providers (FSPR) as the broker’s activities are beyond the jurisdiction of the New Zealand Financial Services Law of 2008.

The market order execution based on the STP technology reduces the risk of the broker's failure to fulfill its obligations. Liquidity providers are the world's largest banks such as UBS, Bank of America, BNP Paribas, Morgan Stanley, etc.

Traders can choose one out of four account types:

  • MINI: the minimum deposit is USD/EUR 10 and the maximum deposit is USD/EUR 200. After depositing, the funds will be automatically converted into cents.
  • Standard: the minimum deposit is USD/EUR/AUD 50.
  • TOP: the minimum deposit is USD/EUR/AUD 100.
  • Elite: the minimum deposit is USD/EUR/AUD 100.

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

Commissions, leverage, and spreads depend on the account type.

Today binary options trading has become a very popular way of investing funds in financial markets. Solidary Markets FX offers to start trading just in three steps: select an asset, set the amount of money and make a forecast. The price will go either up or down.

The advantages of binary options trading with Solidary Markets FX:

  • low minimum deposits necessary for trading, from USD/EUR 1
  • risk control (traders cannot lose more than the initial amount chosen for trading)
  • the MT4 and WebTrader platforms (trading currencies, CFDs, and binary options are available on one platform)
  • even if the price of an asset changes by just 0.1 pips at the direction a trader has chosen, he or she will gain profits which equal 50%-80% of the total amount of investments
  • a wide choice of currency pairs for binary options trading such as EUR/USD, EUR/JPY, GBP/JPY, USD/CHF, USD/CAD, AUD/USD, and AUD/NZD
  • the opportunity to get profits within one minute; the time of expiration can be chosen: 60 seconds, 2 minutes, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 60 minutes, 4 hours, 24 hours, 5 days.

Besides, the broker provides its clients with the AutoTrade service by Myfxbook. The advantages of Autotrade:

  • Only winning strategies are displayed on the rankings page.
  • Traders can add, remove and allocate risks through their Myfxbook profile.
  • Clients get accurate statistics to aid them in making decisions.

Depositing and withdrawal of funds

Solidary Markets’ clients can replenish an account through bank transfer (2-5 working days), credit cards (1-12 hours), and Neteller and Skrill payment systems (1-12 hours). The broker accepts USD and EUR. Withdrawal of funds is possible through the same methods. Processing of both depositing and withdrawal requests takes the same time regardless of the method used, except for credit cards. In this case, processing may take from 2 to 5 working days.

If a trader withdraws less than USD/EUR 5,000, commission fees are not charged, provided that less than 15 days have passed since the last withdrawal of funds.

Solidary Markets 3/10 (votes 2196)
Author of Solidary Markets: Uthai | Date 2020-05-20
I'm also very well impressed with their loyalty program that offers a lot advantages for traders. I recommend to all, it's a great broker. I started investing $50 just to try the trading platform and I liked the fast execution of trades and fixed spreads. It's true that you can get 2 pips in major currencies. I got it with EUR/USD and other pairs. Also, I recommend the demo account.
Author of Solidary Markets: Serena | Date 2020-02-13
Just want to share my personal trading experience about Solidary Markets. My withdrawal request got approved today after I passed the highest level of account verification. I am very thankful for the quick assistance that was given to me since last week. I deposited $1000 to try and see for myself. So far everything is perfect. Execution is excellent, spreads are very low, get two times positive slippage. My account grew to $965. Last week I withdrew $1400 successfully through Skrill, and this is the first time I tried to withdraw it took a just two days.
Author of Solidary Markets: Clirina | Date 2019-11-11
I just realize that my account was frozen since 2 months ago. They said, that I have to add my deposit amount. And They said that my connection was so poor. But that was not true. I have the best connection during my trading. But they ignored my statement, eventough I sent the Screen Shoot. I got loss $500 when their connection was normal. It seems like they will steal more my money. I am looking for another broker.
Author of Solidary Markets: Laurencia | Date 2019-11-11
I believe with Solidary Markets and have been using them for almost 2 years. They are well managed and offered fix spread with good leverage and sharp execution. What I meant by sharp execution is order are sent well and trading platform is not freezing compare to others. To be honest I have made profit with them and requested 3 times withdrawal amount $300-$600 since February 2017. So far, when I requested withdrawal I never wait so long for them to be credited into my bank account. Platform is simple and easy to use and understand. Thanks !
Author of Solidary Markets: OxenFX | Date 2019-10-03
I have been trading with Solidary Markets FX around 4 months and I have only positive feedback. They offer fast execution and tight spread for major trading pairs even on high volatile market. ills, take profits, stop losses are quite good. My strategy works perfectly with their platform and I am making profit continuously. Yesterday I withdraw $800 via Neteller and I got my money to day morning. Overall rating is 10 from 10. No drawbacks so far.
Author of Solidary Markets: MarcusChaer | Date 2019-01-31
My invest is profitable with SMFX broker. I have a standard account with them and I've set an EA on TradeTools FX platforms. While they have floating spreads but my EA didn't stop work. I've withdrawn profit 146 euros so far. They are regulated from CNMV. So I feel safe with Solidary Markets FX.
Author of Solidary Markets: Lewcrk | Date 2018-11-20
Tried a lot of brokers but Solidary Markets Group is far the best. They let me use two trading platforms to trade forex, oil, stock and more. After made 156 orders trade and get total profit $425. I made two withdraws for a $220, $170. Both are took one hours to withdraw through bank transfer. With all others brokers always had problems with withdrawal. So overall, it has been good for me as a trader.
Author of Solidary Markets: Anastasiapip | Date 2018-01-22
I opened a TOP account with Solidary after a friend recommend them to me. My first deposit was 200Euro and I stared to trade on MetaTrader 4 right away. Usually I trade using currency pairs EUR/USD, EUR/JPY, EUR/CHF, EUR/GBP and when I see an opportunity I trade gold. My profit is close to 400$ and to withdraw is easy without hidden commissions. I use the system Skrill and I never had problems. I recommend the broker.
Author of Solidary Markets: Salcona | Date 2017-11-08
I am still working with Mini account with Solidary market and I think the account size is relevant to me as a trader who just participate through on the platform. Instead, they allowed minimum deposit of 10usd and I choose $100 as initial fund into the trading account. I have joined Solidary at early 2017, and so far no heartache down the road. MT4 platform work-properly and order execution mostly instant without any delay. Last month I have replenished account with $100 through bank transfer and process took less than 3 days. Easy monitory system through myfxprofile either to allocate or remove risks. Anyhow, I am quite happy when I saw profit generated within 2 weeks’ time. I planned to withdraw soon $300 via Skrills while they promised less than 24 hours I can get the money out from bank account.
Author of Solidary Markets: pipamaaaan | Date 2017-10-12
Solidary Markets FX is a nice trading broker who provided quite good trading conditions, low minimum account size at only $10 and minimum lot size : 0.01 lots. I trade with them since March last year, and it's gives me another trading experience which more to good trading experience. The trading system run fast with platform stabilization and fast transaction from deposit until withdrawal. Besides I love doing trading here because their service very comfort even in the middle of the night. I manage EUR/USD to gain profit consistently 30-50% from my deposit amount every month from into my trading account via bank transfer and I can claim almost 30% bonus deposit for every deposit that I have made. I'll recommend Solidary Markets FX to all my colleagues because they also have an interesting promotion for new trader.
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