Since Solid Stockss official website (https://solidstocks.co/)cannot be opened for now, we could only piece together the rough picture of this forex broker by gathering some relevant information from other websites.
General Information
Solid Stocks is a forex broker registered in Dominica, providing a series of trading instruments to its clients. With this platform, investors have the flexibility to choose from three trading accounts, Basic, Premium and Luxury, with the minimum deposit to trade with this broker starting at $250.
Solid Stocks is not subject to any valid regulation. Please be aware of the risk.
Account Types
Solid Stocks provides three types of trading accounts: Basic, Premium and Luxury. The minimum deposit to open a Basic account is $250 and this account is suitable for traders who are just starting out their trading journey. The Premium account is suitable for professional traders and this account asks for an initial deposit of $2,500. The Luxury account is the most expensive account, with the minimum deposit to start from $25,000.
Leverage
When it comes to leverage, Solid Stocks allows its clients to use leverage of up to 1:200, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Trading Platform
What Solid Stocks provides it not the MT4 or MT5 trading platform.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
2023-03-20 10:04
