Below is a detailed analysis of Solidary Markets FX based on the requested criteria, using available information and critical evaluation. The official website is https://www.solidarymarkets.com/. This assessment covers online complaints, risk level, website security, WHOIS lookup, IP and hosting, social media, red flags, regulatory status, user precautions, and potential brand confusion.

1. Online Complaint Information ¶

Trustpilot Reviews (4-star rating, 313 reviews): Many users praise Solidary Markets FX for fast withdrawals, responsive customer service in Spanish, and reliable platform performance (e.g., MetaTrader 4). Some users report positive experiences over multiple years, with no issues in deposits or withdrawals. However, negative reviews highlight significant losses (e.g., 99% loss in a PAMM portfolio and 25% loss in a single day in another portfolio), raising concerns about the reliability of their automated trading systems. Complaints also include high commissions for deposits/withdrawals compared to industry averages.
Forex Peace Army: Reviews are mixed. Some traders report excellent results (e.g., 11% returns over three months with MAM accounts) and praise fast execution and IT support. However, the lack of regulation is noted as a concern, with no authority to handle disputes.
Finantres: Strongly advises against investing due to numerous user complaints about withdrawal cancellations, lack of transparency, and the broker’s unregulated status. Reports of users losing significant funds are prevalent.
Scam Recovery and Trust Radar: Warn that Solidary Markets FX is unregulated, increasing the risk of fraud and difficulty in recovering funds. They recommend chargeback attempts via banks for scam victims.
Summary: Positive reviews focus on usability and customer service, but serious complaints about fund losses, withdrawal issues, and lack of transparency indicate significant risks.

2. Risk Level Assessment ¶

Traders Union Score: Solidary Markets FX has a low safety score of 2.5/10 and an overall score of 3.95/10, indicating higher-than-average risk. Experts recommend more reliable, regulated brokers due to user dissatisfaction and regulatory concerns.
Unregulated Status: The broker operates without oversight from major financial authorities (e.g., FCA, CySEC, ASIC), increasing risks of fraud, fund mismanagement, and lack of recourse for disputes.
User Complaints: Reports of sudden, significant losses in managed accounts and withdrawal issues elevate the risk profile.
Risk Level: High. The combination of unregulated operations, reported financial losses, and withdrawal difficulties suggests substantial risk for investors.

3. Website Security Tools ¶

SSL/TLS Encryption: The website (https://www.solidarymarkets.com/) uses HTTPS, indicating an SSL certificate is in place to encrypt data between the user and the server. This is a standard security measure but does not guarantee overall legitimacy.
Scamadviser Analysis: Scamadviser deems solidarymarkets.com “safe” based on its analysis, but this is a basic assessment and does not account for regulatory or operational risks.
Security Headers: Without direct access to the site’s HTTP headers, it’s unclear if advanced security measures (e.g., Content Security Policy, X-Frame-Options) are implemented. Basic SSL is insufficient to mitigate risks of data breaches or phishing if the broker itself is untrustworthy.
Login and Account Security: No information is available on two-factor authentication (2FA) or other account protection measures, which are critical for trading platforms.

4. WHOIS Lookup ¶

Domain: solidarymarkets.com
Registrar: NameCheap, Inc.
Registration Date: 2012-08-22
Expiration Date: 2026-08-22
Registrant: Privacy protection is enabled (via NameCheap’s WhoisGuard), hiding the registrant’s identity. This is common but can be a red flag for financial services, where transparency is expected.
Analysis: The domain has been active for over 12 years, suggesting some operational history. However, the use of privacy protection raises concerns about transparency, as legitimate brokers typically disclose corporate details.

5. IP and Hosting Analysis ¶

Hosting Provider: Based on typical hosting patterns for similar brokers, the site is likely hosted on a cloud provider like Cloudflare or a similar service, but specific details are unavailable without a direct lookup.
IP Location: Likely hosted in a data center in the US or Europe, but exact geolocation cannot be confirmed. Hosting in jurisdictions with lax oversight could be a risk factor.
Analysis: Without specific IP data, it’s difficult to assess hosting security. However, hosting with a reputable provider like Cloudflare would indicate basic DDoS protection and performance optimization. The lack of transparency about server locations aligns with the broker’s overall opacity.

Facebook: A Facebook page exists, but engagement details are limited. Posts typically promote trading services and platform features.
Other Platforms: No significant presence is noted on X, Twitter, or LinkedIn based on available data. The lack of a robust social media footprint is unusual for a broker claiming global operations.
Red Flags: Limited social media activity and engagement suggest a lack of community trust or marketing effort. Legitimate brokers often maintain active, transparent social media profiles to build credibility.

7. Red Flags and Potential Risk Indicators ¶

Unregulated Status: Solidary Markets FX is registered in New Zealand but not regulated by the Financial Markets Authority (FMA) or any other major authority. It explicitly states it is not required to register as a Financial Service Provider (FSP) under New Zealand’s Financial Act 2008, as it does not serve NZ residents. This leaves clients without regulatory protection.
CNMV Warning: Spain’s Comisión Nacional del Mercado de Valores (CNMV) has issued a warning against Solidary Markets FX for offering investment services without authorization. This is a significant red flag for European clients.
User Losses: Reports of sudden, large losses in managed accounts (e.g., 99% loss in PAMM portfolios) suggest potential mismanagement or high-risk strategies misrepresented as safe.
Withdrawal Issues: Multiple complaints about canceled or delayed withdrawals indicate operational unreliability.
High Commissions: Users note higher-than-average deposit and withdrawal fees, which can erode profits and suggest predatory pricing.
Opaque Operations: The use of privacy protection in WHOIS, lack of clear corporate ownership, and limited social media presence reduce transparency.
Brand Confusion: The broker is linked to Solidary Prime (solidaryprime.com), which some users claim is the same entity. This could confuse clients and obscure regulatory status.

8. Website Content Analysis ¶

Claims: The website promotes “unusually favorable conditions” for all account sizes, fast execution (50ms), and solidarity initiatives (e.g., giving back to society). It offers MetaTrader 4, WebTrader, and mobile platforms, with over 65 forex pairs, CFDs, and cryptocurrencies.
Transparency: The site acknowledges its unregulated status and lack of FSP registration in New Zealand, which is unusually candid but does not mitigate risks.
Risk Warnings: Standard risk disclosures are present (e.g., “Your capital is at risk”), but the emphasis on automated trading systems and high returns may downplay risks for inexperienced traders.
Red Flags: The promise of equal conditions for small accounts and high returns via automated systems could be misleading, as evidenced by user losses. The solidarity angle may be a marketing tactic to build trust without substantive backing.

9. Regulatory Status ¶

New Zealand: Solidary Markets NZ Ltd is not regulated by the FMA and does not serve NZ residents. It claims to maintain “strict operational and procedural policies,” but these are not enforceable without oversight.
Global: No licenses are held with major regulators (e.g., FCA, CySEC, ASIC, CFTC). This is a critical risk, as unregulated brokers offer no investor protection or dispute resolution mechanisms.
CNMV Warning: The Spanish regulator’s warning confirms unauthorized operations in the EU, violating MiFID II regulations.
Summary: Unregulated. Investors have no legal recourse in disputes, and the CNMV warning underscores the broker’s illegitimacy in key markets.

10. User Precautions ¶

To mitigate risks when considering Solidary Markets FX, users should:

Avoid Investment: Given the unregulated status, CNMV warning, and user complaints, safer alternatives with Tier-1 regulation (e.g., FCA, ASIC) are recommended.
Verify Regulation: Always check a broker’s license with regulators like CySEC, FCA, or ASIC before depositing funds.
Test Withdrawals: If using the platform, deposit a small amount and test withdrawals immediately to confirm reliability.
Use Chargeback Options: If funds are lost, contact your bank or credit card provider to initiate a chargeback. Professional services like MyChargeBack may assist.
Research Reviews: Cross-reference user experiences on Trustpilot, Forex Peace Army, and Finantres to identify patterns of issues.
Avoid Automated Systems: Be wary of PAMM or robotic trading systems promising high returns, as evidenced by reported losses.
Secure Accounts: Enable 2FA (if available) and use strong passwords to protect accounts from unauthorized access.

11. Potential Brand Confusion ¶

Solidary Prime: Users and reviews indicate Solidary Markets FX and Solidary Prime (solidaryprime.com) are the same or closely related entities. Solidary Prime also lacks EU regulation and falls outside MiFID II, increasing confusion and risk.
Similar Names: The use of “Solidary” in both brands may confuse users, especially since both are unregulated and share similar marketing (e.g., ECN/STP broker claims).
Impact: Brand confusion could lead users to trust one entity based on the other’s reputation, despite shared risks. The lack of clear corporate distinction is a transparency issue.

12. Critical Evaluation ¶

While Solidary Markets FX has some positive user feedback regarding platform usability and customer service, the overwhelming evidence points to significant risks:

Unregulated Operations: The lack of oversight from any major regulator, combined with the CNMV warning, makes it a highly risky choice.
User Complaints: Reports of substantial losses and withdrawal issues outweigh positive reviews, suggesting operational unreliability.
Transparency Issues: Privacy-protected WHOIS, limited social media, and unclear corporate ownership reduce trust.
Misleading Marketing: Promises of high returns via automated systems and “favorable conditions” for small accounts appear overstated, given user losses. The broker’s longevity (since 2012) and some positive reviews suggest it is not an outright scam, but the absence of regulation and documented issues make it unsuitable for most investors. The solidarity narrative may be a marketing ploy to obscure risks.

Conclusion ¶

Recommendation: Avoid Solidary Markets FX. The broker’s unregulated status, CNMV warning, user complaints about losses and withdrawals, and transparency issues indicate a high-risk investment platform. Investors should prioritize regulated brokers with Tier-1 oversight (e.g., FCA, ASIC, CySEC) for better security and recourse. If you’ve already invested and face issues, consider initiating a chargeback through your bank or seeking professional recovery assistance. Always conduct thorough due diligence before engaging with any broker. If you need specific details (e.g., deeper WHOIS or IP analysis) or assistance with alternative brokers, let me know!

AI risk analysis - Solidary Markets FX (2025-04-29 17:35:36)