Australian (ASX) Stock Market Forum

Solidus Markets?

Joined
6 September 2023
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Hi,
I am new to trading CFD's and have opened an account with 'Solidus Markets' . They are seemingly very helpful/genuine. I have been trying hard to find out if they are legit, do have a license number on there website but when I ask who regulates them the answer is we follow ESMA guidelines. Can anyone reassure me with this company?
Thanks
Andrew
 
Can anyone reassure me with this company?
You never want to withdraw your money, right?
Scroll down to Withdrawal section.

I'm running for the hills for you.

 
You never want to withdraw your money, right?
Scroll down to Withdrawal section.

I'm running for the hills for you.


Solidus Markets understand the importance of good costumes, and they have a solid Know Your Costumer section in their legal documentation. We all need to know our costumers a little better.

SolidusMarkets.jpg

But seriously, I don't see any regulatory information on their website which means you have no protection or recourse if something goes wrong. Their Twitter account says they are based in Mexico but their website says St. Vincent and the Grenadines.

I'm running for the hills for you as well.
 
You never want to withdraw your money, right?
Scroll down to Withdrawal section.

I'm running for the hills for you.

I can't really see anything in there that I wouldn't imagine seeing on a legit platform? them not releasing the money if there are still trades on the table not finalised makes sense to me? the fact they have a withdrawal policy seems like an open/transparent thing?

I asked them who regulates them etc this was there reply,
Hi Andrew,
Solidus Markets adheres to the ESMA protocols as part of our professional standards and practices.

I've been trying to dig up dirt on them from every angle but finding it hard, so am thinking that's a good thing. If there are any other ways you know off to do this please let me know.
Cheers,
Andrew
 
Have a look at some of the reviews, especially the older ones. They are extremely suspicious in my opinion.

  • I can't express how delighted I am with the profits I've made trading cryptocurrencies on solidusmarkets. It's an incredible platform that has truly transformed my financial situation.
  • Solidusmarkets has transformed my financial journey by offering a reliable and profitable platform for trading cryptocurrencies. I couldn't be happier with the impressive results I've achieved.
  • SolidusMarkets has transformed my perception of crypto trading. Their platform's advanced features and exceptional customer support have made earning profits an enjoyable and lucrative endeavor.
There are lots of examples of this similar use of language in the reviews (note the use of 'transformed'). Too many further example of extremely similar language. I would bet they are written by ChatGPT. These examples I show are taken from 1 single page of reviews

Secondly on the page I looked at every single one of the reviews had the same 2 sentence structure. 20 out of 20 reviews.
This is almost certainly a scam
 
I asked them who regulates them etc this was there reply,
Hi Andrew,
Solidus Markets adheres to the ESMA protocols as part of our professional standards and practices.

So they are not regulated but pretend to be. That's comforting.

Following on from what @Sparx has said above, the reviews at Quora are also suspicious. Every one of them mentions profits and they all have the same two sentence structure.

SolidusMarkets is my trusted companion in the crypto trading realm. Their platform's robust features and seamless functionality have empowered me to trade with confidence and achieve remarkable profits.

SolidusMarkets' platform has become my secret weapon for successful crypto trading. The profits I've earned through their platform have exceeded my wildest dreams, and their reliable customer support has been instrumental in my journey.

I can confidently say that SolidusMarkets is a game-changer for crypto traders. Their platform's speed and efficiency, coupled with their exceptional customer support, have enabled me to capitalize on market movements and maximize my profits.

I've been fortunate to discover SolidusMarkets' platform for crypto trading. The profits I've earned have been life-changing, and the platform's seamless deposit and withdrawal processes have made accessing my funds quick and easy.

Thanks to SolidusMarkets' platform, I've been able to turn my passion for crypto into a profitable endeavor. The user-friendly interface and prompt customer support have made the trading experience enjoyable and rewarding.


Also note that the company name is spelled the same in each "review" with no space in between the two words.

There are red flags everywhere here that even Blind Freddy could see.
 
All the reviews seem to be 3 months ago.
1 reviewer name pops up for multiple positive reviews around 3 months ago.
Said reviewer also gave a positive for this site below.


Further, all the reviews actually sound like marketing spiel.

I wouldn't touch it with a quant pole, which is like a barge pole, but longer.
 
So they are not regulated but pretend to be. That's comforting.

Following on from what @Sparx has said above, the reviews at Quora are also suspicious. Every one of them mentions profits and they all have the same two sentence structure.

SolidusMarkets is my trusted companion in the crypto trading realm. Their platform's robust features and seamless functionality have empowered me to trade with confidence and achieve remarkable profits.

SolidusMarkets' platform has become my secret weapon for successful crypto trading. The profits I've earned through their platform have exceeded my wildest dreams, and their reliable customer support has been instrumental in my journey.

I can confidently say that SolidusMarkets is a game-changer for crypto traders. Their platform's speed and efficiency, coupled with their exceptional customer support, have enabled me to capitalize on market movements and maximize my profits.

I've been fortunate to discover SolidusMarkets' platform for crypto trading. The profits I've earned have been life-changing, and the platform's seamless deposit and withdrawal processes have made accessing my funds quick and easy.

Thanks to SolidusMarkets' platform, I've been able to turn my passion for crypto into a profitable endeavor. The user-friendly interface and prompt customer support have made the trading experience enjoyable and rewarding.


Also note that the company name is spelled the same in each "review" with no space in between the two words.

There are red flags everywhere here that even Blind Freddy could see.
i saw CFDs and an international domicile and SPRINTED ( as fast as you can with a Zimmer-frame )

good for you if they are legit and a winner , but my risk tolerance is low
 
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