11 reviews of Solid ECN are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
Works for day trading
SolidECN does not allow aggressive scalpers like me but I also have a day trading strategy that works well in this environment. I would not recommend swing trading with this broker because the leverage is too high but nevertheless, everything else is above board and I will be trading here for a while
I trade the forex majors only and I started using SolidECNs Holy account because it is swap free. As a swingtrader I need to have a swap free account because it the long-run it will cut my trading costs and this will positively affect my profitability. I recommend this brokers Holy Account to swing traders
As a swing trader, I recommend this account type when using SOLIDECN as a broker. The Holy Account is swap free and if you hold trades for days, to months, this will positively impact your profitabilty in the long run
for a half year haven't struggled with trading here. Nice conditions for FX trading. Setting EA went without problems. KYC went quite fast for me (i read that sometimes there are some problems with KYC).
There are hundreds of instruments to trade and with this I am able to choose from a wide selection of forex and crypto assets. This asset variety has helped me to build a reliable portfolio of different assets with just one log in. Also, there is no limit to the number of charts that I can open at once during trade analysis
Withdrawal and deposit are easy to do because of the many crypto options. Easy to make deposits from my wallet to my brokerage account. They are also granted on the same day
Tried them out for a couple of weeks with a trial deposit of 90 dollars and turned into over 700 usd.
Then like clockwork, like all the other off-shore brokers, their market making went into overdrive regardless of market conditions. From the first trade to the last it was night and day.
This off-shore has a superficial "registration" with a local entity, Not an accredited regulatory body.
They have an odd leverage scheme that adjusts and cannot be changed unless you deposit more money.
ex) if your account breaks below $1000 your account is automatically stuck at 1000:1 leverage making it much easier to lose your money if you don't know what you're getting into.
He prides calling himself an ECN, but they are actually a Market maker. No prime liquidity provider will work with that kind of leverage.
Platform is mt5, a lot of plugins are useless if you're on mt4 and replacements are hard to find.
Their Live feed says it's coming from "UKR" which I take to be Ukraine, but they say it is Netherlands??...The feed is very slow, I've never seen it above 150 ms. Typically on every other broker I've used 119 ms (which is still slow) or faster. I don't recommend if you're a hard-core scalper.
Their feed had a tendency to freeze on the pair that I had an open position on, none of the others were affected. Still not sure about that one.
Spreads...can get pretty wide and narrow later than most. It'll be normal for this broker to still be over two pips the same time others are at 1 pip or less...Asked the "representative" on the forum and the question was blown-off.
Withdrawals and deposits were easy and fast with BTC.
Their portal looks nice. Constructed and follows the same template as all off-shore shops.
I don't recommend this broker and it will be difficult for any type of skill level due to their leverage scheme.
When it comes down the the bottom-line this broker is no different where things really matter.
I don't recommend.
With tight spreads and low commissions, solidecn swap-free accounts have helped me save more overall trading costs. My trading strategy involves catching reversals which sometimes requires me to hold positions for days. With swaps out of the picture, I spend considerably lower on fees now
The leverages provided range from 1:1 to 1:1000 which accommodates different risk appetite. I have a long term account where I am using very low leverage and a short term scalping account where I use high leverage. Solidecn also accommodates different strategies that I have tried
no issues from my side so far. I am happy I found this broker
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