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• Our Review Method

• Is Solidary Markets FX Scam or Legit Broker?

• What is Solidary Markets FX?

• Overall Solidary Markets FX Ranking

• Deposits and Withdrawals

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Solidary Markets FX due to the issues we've identified.

Is Solidary Markets FX Scam or Legit Broker? ▲

Solidary Markets FX has raised significant concerns regarding its legitimacy. The brokerage, claiming New Zealand as its base, fails to present any form of licensing or registration either in New Zealand or internationally. This absence of regulation casts serious doubts on the broker's reliability for investment purposes. The unregulated status of Solidary Markets FX makes it a risky choice for traders seeking a secure trading environment.

• Registered in: No Registration

• Type of License: No License

• Is Solidary Markets FX safe to trade: No

• Pros: None due to the lack of regulation and safety concerns.

Cons:

• Not regulated or licensed, making investments unsafe.

• Lack of transparency regarding operational standards.

• No assurance of financial security for traders.

What is Solidary Markets FX? ▲

Solidary Markets FX portrays itself as a broker specializing in Forex, cryptocurrencies, and options, operated by Solidary Markets NZ Ltd., which is based in New Zealand. The broker's website suggests that while Solidary Markets NZ Ltd. does not need to register as a Financial Service Provider (FSPR) in New Zealand, it claims to adhere to strict operational policies. Despite these claims, the lack of regulation in New Zealand or any other jurisdiction indicates that the broker operates without the necessary authorization. Additionally, the broker's services are purportedly available only to customers in Spain, yet it lacks the requisite authorization in Spain as well. This situation is compounded by a warning from Spain's regulatory authority, CNMV, against the broker for providing unauthorized investment services.

Overall Solidary Markets FX Ranking ▲

Upon conducting thorough research and comparing Solidary Markets FX against 1000 other brokers, we've identified numerous regulatory and safety concerns that significantly lower its ranking. Our expert analysis, backed by over a decade of experience in Forex trading, leads us to assign Solidary Markets FX an overall ranking of 2 out of 5. This low score reflects the broker's unregulated status, potential safety risks, and limited operational transparency.

• Overall Ranking Score: 2.0 out of 5

• Comparison to Other Brokers: Significantly lower due to regulatory and safety concerns.

Deposits and Withdrawals ▲

The review process has identified a lack of detailed information regarding the deposit and withdrawal processes at Solidary Markets FX. The absence of clear, accessible data on fees, processing times, and payment methods further complicates the potential for secure and efficient financial transactions. This opacity is a significant drawback for traders seeking reliable and straightforward banking options.

Pros:

• None identified due to the lack of transparency and information.

Cons:

• Lack of clear information on deposit and withdrawal processes.

• Potential hidden fees and long processing times not disclosed.

Conclusion ▲

The comprehensive review of Solidary Markets FX reveals significant issues concerning its legitimacy, safety, and operational transparency. The broker's lack of regulation and authorization in jurisdictions where it claims to operate presents a considerable risk to potential investors. Our extensive comparison against 1000 other brokers, considering factors such as fees, trading platforms, and regulatory adherence, positions Solidary Markets FX unfavorably. The absence of clear banking information further detracts from the broker's attractiveness. Based on these findings, we advise traders to exercise caution and consider more reputable and transparent alternatives for their trading needs.