Corporate Profile
Solid ECN Securities LLC (trade Name Solid ECN), Is A Global Forex And Commodities Broker That Provides Trading Services And Tools To Retail And Institutional Clients. The Company Was Established In 2020 And Is Registered In Saint Vincent And The Grenadines Under The Registration Number 1390 LLC 2021 . Solid ECN Claims To Offer More Than 200 Tradable Products , Including Forex, Indices, Commodities, CFDs On Stocks And Cryptocurrencies, And Offers Leverage Up To 1:1000 . The Company Supports A Variety Of Trading Platforms, Including MT5, MT5 Mobile And WebTrader , And Provides Four Real Account Types (Micro, Standard, Sacred And ECN) To Meet The Trading Needs Of Different Customers.
Regulatory Information
The Regulatory Status Of Solid ECN Securities LLC Is Quite Controversial. According To Public Information, Solid ECN Is Not Bound By Any Valid Financial License . The Company's Official Website Does Not Clearly Show The Authorization Of Any Regulatory Authority. In The Evaluation Of Third-party Platforms Such As Wikifx, The Regulatory Status Is Marked As "no License" And Scored As 1.50/10 . This Suggests That Solid ECN's Operations May Not Be Strictly Regulated, And Potential Customers Should Be On High Alert.
Trading Products
Solid ECN Advertises That It Offers The Following Trading Products:
- Forex : Including Major Currency Pairs (such As EUR/USD, USD/JPY, Etc.) And Minor Currency Pairs;
- Indices : Such As S & P 500, Dow Jones Industries Average Index, Etc.;
- Commodities Strong: Including Gold, Silver, Crude Oil, Etc.;
- Stock Contracts For Difference (CFD) ;
- Cryptocurrencies : Such As Bitcoin, Ethereum, Etc.
Trading Software
Solid ECN Supports The Following Trading Platforms:
- MT5 Desktop Edition : Developed By MetaQuotes Software Corp And Supports Advanced Chart Analysis, Customized Indicators And Strategy Testers;
- MT5 Mobile Edition : For IOS And Android Devices, It Is Convenient For Traders To Trade Anytime And Anywhere;
- WebTrader : Browser-based Trading Platform That Can Be Used Without Download And Installation.
Deposit And Withdrawal Methods
Solid ECN Offers A Variety Of Deposit And Withdrawal Methods, Including:
- Credit/debit Cards: Visa, MasterCard, Etc.;
- Bank Transfer;
- Online Currencies: Such As WebMoney, Perfect Money;
- Cryptocurrencies: Such As Bitcoin.
The Minimum Deposit Requirement Is $1 And There Is No Minimum Withdrawal Limit. Deposit And Withdrawal Fees Vary Depending On The Payment Method:
- Electronic Payment Systems (e.g. WebMoney, Perfect Money): Usually Arrive Instantly And Have Lower Fees;
- Credit/debit Cards: Usually Take 3-4 Working Days To Withdraw Cash, With Higher Fees;
- Bank Transfers: 7-10 Working Days To Transfer Money, With Higher Fees;
- Cryptocurrencies: Withdrawals May Take Minutes To Days , Depending On The Specific Payment Network.
Customer Support
Solid ECN Provides 24/7 Customer Support Services. Customers Can Be Contacted By:
- Phone : + 1 415 367 3742;
- Email : [email protected];
- Live Chat : Communicate Online In Real Time Through The Official Website;
- Social Media : Customers Can Follow Solid ECN On Twitter, Facebook, Instagram, YouTube And LinkedIn.
In Addition, Solid ECN's Offices Are Located In Kingston, St. Vincent And The Grenadines, First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent And The Grenadines.
Core Business And Services
Solid ECN's Core Business Is Focused On Foreign Exchange And Commodities Trading, And Its Main Advantages Are High Leverage And Multi-platform Support. The Following Is A Detailed Description Of Its Core Business And Services:
- High Leverage : Solid ECN Offers Up To 1:1000 Leverage , Which Is Well Above The Industry Average, But It Also Means High Latent Risk;
- Multi-platform Support : MT5, MT5 Mobile And WebTrader Support To Meet The Operational Needs Of Different Traders;
- Multiple Account Types : Including Micro, Standard, Sacred And ECN Accounts, Covering Different Fund Sizes And Trading Needs;
- Multilingual Support : Solid ECN Offers Multilingual Customer Support In English, Chinese, And Other Languages;
- Education And Resources : Although Not Explicitly Mentioned, As A Large Broker, Solid ECN May Provide Resources Such As Trading Education, Market Analysis Reports, And More.
Technical Infrastructure
Solid ECN's Technical Infrastructure Relies Primarily On MetaQuotes Software Corp.'s MT5 Platform. MT5 Is One Of The Most Popular Foreign Exchange Trading Platforms In The World, And Its Advantages Are:
- Stability : The MT5 Platform Runs Stably And Is Suitable For High-frequency Trading;
- Rich Tools : Supports Expert Advisors (EAs), Algorithmic Trading, Complex Indicators And Strategy Testers;
- Compatibility : Supports Multi-platform Operation, Including Desktop, Mobile And WebTrader.
In Addition, There Are 10,000 Trading Applications In The MT5 Market, Which Traders Can Use To Improve Trading Efficiency.
Compliance And Risk Control System
Solid ECN's Compliance And Risk Control System Is Subject To Significant Uncertainty. Compliance Statements May Be Missing Or Incomplete As It Is Not Subject To Any Effective Regulatory Authority. The Following Are Possible Compliance And Risk Control Measures For Solid ECN:
- Security Of Funds : Although Unregulated, Solid ECN May Deposit Client Funds In Segregated Accounts , But This Has Not Been Independently Verified;
- Risk Management Tools : The MT5 Platform Supports Multiple Risk Management Tools Such As Stop Loss, Take Profit And Position Limits;
- Transparency : Solid ECN Does Not Explicitly Disclose Its Risk Management Policies And Compliance Measures.
Due To The Lack Of Regulation, Clients Should Choose Solid ECN As A Trading Partner With Caution.
Market Positioning And Competitive Advantage
Solid ECN Is Positioned In The Market As A Global Forex And Commodities Broker. Its Main Competitive Advantages Are:
- High Leverage : Up To 1:1000 Leverage Attracts Traders Who Wish To Amplify Their Gains;
- Multi-platform Support : MT5, MT5 Mobile And WebTrader Support Meets The Needs Of Different Traders;
- Low Spreads : ECN Accounts Offer Spreads From 0 Pips , Which Is Competitive Among Retail Brokers;
- Multiple Account Types : Covering Different Fund Sizes And Trading Needs.
However, Solid ECN's Market Positioning May Be Risky Due To Its Unregulated Nature.
Customer Support And Empowerment
Solid ECN Provides 24/7 Customer Support Services, Responding To Customer Needs Through Multiple Channels Such As Phone, Email, Live Chat, And Social Media. In Addition, Its Trading Platform MT5 Offers A Wealth Of Trading Tools, Including:
- Expert Advisor (EA) : Automated Trading Tools;
- Algorithmic Trading : Supports Algorithm-based Trading Strategies;
- Complex Indicators : A Variety Of Technical Analysis Indicators;
- Strategy Tester : Used To Backtest The Effectiveness Of Trading Strategies.
These Tools Help Clients Improve Trading Efficiency And Decision-making Ability.
Social Responsibility And ESG
Solid ECN's Information On Social Responsibility And ESG (environmental, Social And Governance) Is Not Publicly Available. As An Unregulated Broker, Its Performance In Corporate Social Responsibility May Be Missing Or Difficult To Verify.
Strategic Partnership Ecosystem
Solid ECN's Strategic Partnership Ecosystem Information Is Not Publicly Available. As A Brand New Broker, It May Not Have Established Extensive Partnerships.
Financial Health
Solid ECN's Financial Health Information Is Not Publicly Available. Due To Its Unregulated Status, Clients Cannot Obtain Detailed Information On Their Financial Status Through Public Channels.
Future Roadmap
Future Roadmap Information Of Solid ECN Has Not Been Made Public. As A New Type Of Broker Established In 2020 , Its Future Development May Depend On Changes In Market Acceptance And Regulatory Environments.
Risk Alert
Online Trading Involves High Risks And Clients May Lose All Their Invested Funds. High Leverage, While Able To Amplify Gains, May Also Lead To Huge Losses. Therefore, Solid ECN's High Leverage And Unregulated Status Increase Latent Risk. Clients Should Fully Understand The Trading Risks And Choose Their Trading Partners Carefully.
