Solid ECN | %40 Deposit Bonus

Mar 15, 2022
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Payment Methods​

Solid ECN Securities added more than 50 cryptocurrencies to its payment system. Our clients at Solid ECN can manage their account funding by a wide range of cryptos, from bitcoin to Zilliqa, all are available in the Solid-Dashboard > Account funding.

Solid ECN took this step to offer cost-effective payment methods for its customers. The blockchain transfer fee of the major cryptocurrencies have been increasing, therefore, retails are interested in trying the alternatives.

With Solid ECN, any trader can take advantage of +50 crypto payments.

> It is secured;
> It is undisclosed;
> it is decentralized.

Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of market transparency mean price manipulation is not possible.​


%15 Bonus | Swap Free | Raw Spread​

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Trust Pilot Score 4.9


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SOLIDECN

Master Trader
Nov 16, 2021
3,323
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Morning Wrap - TNOTE​

  • Wall Street indices ended yesterday's session mostly lower. Investor sentiment was weighed down primarily by macro data readings and comments from the Fed's Mester, which point to a slowdown in the US economy.​
  • The S&P 500 fell 0.25%, the Dow Jones gained 0.24% and the Russell 2000 small-cap index lost 0.99%. The Nasdaq index of technology companies was the weakest performer, losing 1.07%.​
  • With the specter of a global recession widening, US 10-year government bond yields are under particular scrutiny by investors, having fallen to their lowest level since September 2022 (3.29% zone). Currently, the money market sees a 48% chance of a 25 basis point hike by the Fed at its May meeting and a 52% chance of keeping rates unchanged.​
  • Asia-Pacific indices traded mostly lower - the Nikkei fell 1.3%, the S&P/ASX 200 lost 0.4%, the Kospi lost 1.32% and the Nifty 50 traded 0.15% higher.​
  • In the FX market, we are seeing capital outflows to safe haven currencies, i.e. the US dollar and the Japanese yen, among others. The EURUSD pair is recording slight declines and breaking out below the support zone at 1.09. At the moment, pairs linked to the currencies of the antipodes are recording the biggest declines.​
  • China plans to cut tax burdens and fees totaling CNY1.8 billion for the corporate sector.​
  • China's Caixin PMI index for services recorded an increase and came in at 57.8 (55 was expected, previously it was 55).​
  • Former BOJ banker Kazuo Momma commented that the Yield Curve Control mechanism may be terminated this month.​
  • China may ban exports of technology used to produce high-performance rare earth magnets.​
  • Energy commodities are posting moderate declines this morning. WTI crude oil is losing 0.5%, while natural gas is down 0.4%.​
  • Gold is slightly decelerating from its recent upward impulse and is currently consolidating in a zone near 2013 USD. UBS raised its target price for gold at the end of March (2024) to $2200 (previously $2100)​
  • There is mixed sentiment in the cryptocurrency market. Bitcoin is currently losing nearly 0.5%, while Ethereum is down 1.16%. On the other hand, smaller projects such as Maker and Iota are gaining more than 3.5%.​
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Weak macroeconomic data and in-between comments from Fed bankers, which indicate that given the high economic and systemic uncertainty, the rate hike cycle may be coming to an end, are bolstering sentiment in the debt market.​


%15 Bonus | Swap Free | Raw Spread​

Solidecn.com

Trust Pilot Score 4.9


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SOLIDECN

Master Trader
Nov 16, 2021
3,323
22
54
39
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Ethereum​

Sentiment in the cryptocurrency market remains mixed, with major projects moving in a sideways trend. Investors are concerned that Ethereum's correction after the Shapella upgrade will result in more sell-offs.

What after the Shapella Upgrade?​

  • Since December 2020, investors have been able to deposit their ETH on the Ethereum Beacon chain and receive blockchain rewards and profits. However, they couldn't withdraw those funds until the recent upgrade. So far, the declines after the Shapella are relatively small;​
  • Before the update, all staked ETH was worth nearly $32 billion (about 15% of supply). According to K33 Research, even with small withdrawals, about $2.4 billion in ETH could hit the market as investors will want to withdraw some funds from the Beacon chain. With crypto market liquidity drying up, this could trigger a deeper correction;​
  • On the other hand, Bernstein Fund analysts pointed out that of the 18 million ETH staked, nearly 70% were locked into liquidity protocols, allowing investors to de facto trade funds through decentralized Lido-type protocols, which will take off much of the downward pressure.​
  • According to analysts, the 30% of investors who deposited ETH in the Beacon chain without using liquidity protocols are likely to have the highest level of conviction and will not be willing to sell. It is also worth noting that the seamless ability to deposit and withdraw ETH may encourage more investors to staking and drive capital flowing into the chain;​
  • Passive ETH returns of 5 or 6% per year are no longer as attractive compared to the 0 interest rate period, when investors could not count on comparable yields from regulated fixed income assets. In addition, staking is to some extent subject to risks associated with crypto market regulation. Rewards for ETH staking will decline as the number of stakers increases.​

News​

  1. According to the Block 'open interest' report, the ETH options market (call options vs. put options) before the update showed the highest level since May signaling possible downward pressure​
  2. The U.S. Treasury Department has indicated that the decentralized asset market poses a threat to national security.​
  3. Divly revealed a report according to which only 1.62% of US cryptocurrency holders paid tax on their investments. The report is disputed by tax law specialists;​
  4. According to Bloomberg, Singaupur's central bank is working to unify cryptocurrency-friendly regulations​
  5. According to a survey by CoinGecko and Blockchain Research, 75% of cryptocurrency investors hold NFTs​
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Ethereum chart, H4 interval. Looking at the chart, we can see that the price reached before the Shapell update was roughly similar to the peak of the price rally before the Ethereum Merge. If the declines accelerate the key for the price could be the demand reaction around $1700 zone, where we can see SMA200 (red line), 23.6 Fibonacci retracement of the upward wave started last June and previous important price reactions.​
 

SOLIDECN

Master Trader
Nov 16, 2021
3,323
22
54
39
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3 Markets to Watch​

Investors that will be returning to the markets after Easter holidays and will face a number of top-tier market events in the week ahead. Rate decision from the Bank of Canada, Q1 earnings from major US banks as well as FOMC minutes and US inflation data are highlights in this week's calendar. Be sure to watch GOLD, US500 and USDCAD in the week ahead.

GOLD​

A number of top-tier data releases from the United States will be offered to investors this week, including CPI for March (Wednesday, 1:30 pm BST), FOMC minutes (Wednesday, 7:00 pm BST) as well as retail sales for March (Friday, 1:30 pm BST). All of those may shed light on what Fed does next - is a 25 bp rate hike in May still in play or will the Fed pause the rate hike cycle? Higher CPI reading and poor retail sales data may see dovish bets in the markets increase. This, in turn, may help gold look towards highs in the $2,060 per ounce area.

US500​

Wall Street earnings season for Q1 2023 will begin this Friday with the release of reports from major US banks. JPMorgan, Wells Fargo and Citigroup are set to report their financials before the opening of the Wall Street session on Friday. Beats and misses in results will be company-specific but investors are also likely to be offered hints on an issue with more broad-based implications - impact of recent banking turmoil on the economy, businesses and credit action. Recent data from the Dallas Fed showed signs of a crunch in consumer loans.Confirmation that deterioration in credit action is indeed taking place may deteriorate market moods.

USDCAD​

USDCAD will be one of the FX to watch on Wednesday. Not only because US CPI data for March and FOMC minutes will be released but also because the Bank of Canada is set to announce the rate decision at 3:00 pm BST. No cut is expected as the Bank of Canada strongly hinted that the rate hike cycle is over. However, wage growth in Canada remains elevated, which should exert upward pressure on inflation. Having said that, some hawkish remarks may be offered by BoC.​


%15 Bonus | Swap Free | Raw Spread​

Solidecn.com

Trust Pilot Score 4.9


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Solid ECN

Active Trader
Mar 3, 2022
625
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Trading Products​

A professional method to secure assets reasonably is diversified trading. Trading on limited numbers of instruments was never suggested by the market leaders and hedge funders. They always spread their investments among commodities, indices, and or currencies. Diversity is one of the many keys to having success in the trading world.

At Solid ECN, clients have access to trade the world with high leverage whilst the spread is tightened at its minimum. You can create your dealing basket to enjoy the product diversity with Solid ECN. We strive to offer our customers the most popular and trending products, and we made a live and long list of trading instruments.

As of writing the list contains 250 products including:
  • Forex (Major | Crosses | Minor)
  • Precious Metals (Gold | Silver | Palladium | Platinum)
  • Energy (Brent | WTI)​
  • Indices (spot)​
  • Nasdaq​
  • Cryptocurrencies (Cardano | Algorand | BNB | Dogecoin | Ripple and more …)​

%15 Bonus | Swap Free | Raw Spread​


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SOLIDECN

Master Trader
Nov 16, 2021
3,323
22
54
39
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Solid ECN Affiliate Program​

Become part of the Solid ECN Affiliate Program and be a member of one of the most profitable affiliate programs globally. Start earning a tangible income from your existing traffic.

With an affiliate program that grants the highest conversion rates, an extensive generous payment plan with the highest commission percentage available, Solid ECN is your safe trustworthy companion.

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  • High-end Commissions​
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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com

Trust Pilot Score 4.9


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Solid ECN

Active Trader
Mar 3, 2022
625
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34
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No Deposit Fee​

The commission our customers pay for adding funds to their trading accounts via any payment options is zero at Solid ECN.

When a transaction is made to a trading account, a part of the transferred amount is deducted by the payment processor as commission. Solid ECN covers transaction fees, and we named it the Solid-Cover! All clients of Solid ECN receive the actual deposit with no deduction instantly to their trading account.

> Instant Deposit: Deposit to your trading account to catch the market opportunities instantly
> No Fee: No fee applies on any transaction of yours
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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com

Trust Pilot Score 4.9


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SOLIDECN

Master Trader
Nov 16, 2021
3,323
22
54
39
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Oil​

Official US report on oil inventories was released today at 3:30 pm BST. API estimates released yesterday pointed to an unexpected 0.38 million barrel build (exp. -1.3 mb). However, a Department of Energy report showed that US oil inventories actually grew over the past week by 0.6 million barrels. Gasoline and distillate inventories dropped less than expected. Market reaction was fairly muted with oil trading little changed in the first minutes after release.

US oil inventories
  • Oil inventories: +0.60 mb vs -1.3 mb expected (API: +0.38 mb)​
  • Gasoline inventories: -0.61 mb vs -1.5 mb expected (API: +0.45 mb)​
  • Distillate inventories: -0.33 mb vs -0.7 mb expected (API: -1.98 mb)​
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While oil has been fairly muted following the release of DOE data, crude prices are on the rise today. Brent (OIL) is attempting to make a break above the upper limit of the Overbalance structure in the $87.00 per barrel area.​


%15 Bonus | Swap Free | Raw Spread​

Solidecn.com

Trust Pilot Score 4.9


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SOLIDECN

Master Trader
Nov 16, 2021
3,323
22
54
39
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AUDUSD​

Looking technically at the chart of the AUDUSD currency pair, the quotation broke out of the downward channel at the top some time ago, and we are currently observing a test of the key resistance in the area of 0.6785. If it is overcome, the way towards 0.6885 may be opened.

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Solid ECN

Active Trader
Mar 3, 2022
625
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Solid ECN - Account Types​

Solid ECN gives multiple account types on the MetaTrader 5 trading platform to help individuals and corporate customers to exchange Forex and Derivatives online.

All Retail, associates, and White-Label clients have the possibility to access various spreads and liquidity via state-of-the-art automatic trading platforms. Solid ECN grants an exceptional type of account options that clients can choose to experience a tailored trading experience that perfectly fills their needs. United with excellent trading conditions and lightning-fast execution, Solid ECN provides all the tools and aids required for clients of any level to accomplish their trading goals.

Whether you’re a casual trader or experienced investor, Solid ECN offers an extensive range of account options. Through our true ECN accounts, we’re able to deliver spreads from 0 pips and millisecond execution against best bid / ask prices—all with world-class customer service.​


%15 Bonus | Swap Free | Raw Spread
Solidecn.com
Trust Pilot Score 4.9

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SOLIDECN

Master Trader
Nov 16, 2021
3,323
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Solid ECN - Negative Balance Protection​

Volatility often occurs in the market. Solid ECN has always been committed to the highest standards.

With the Solid-Shied feature, the traders don’t have to worry about having a negative balance with Solid ECN. This means that even under highly volatile situations when margin calls and stop-outs do not function accurately, no client with Solid ECN is responsible for paying back a negative balance.

Solid-Shield automatically adjusts the balance to zero in case it becomes negative after a stop-out. The process of reset is automatic.

%15 Bonus | Swap Free | Raw Spread​


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SOLIDECN

Master Trader
Nov 16, 2021
3,323
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54
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Bitcoin​

The major cryptocurrency has once again been pushed off the $30,000 level signaling a possible backdrop for a larger correction of the huge upward movement. Should the declines deepen, the 23.6 Fibonacci retracement of the upward wave, which began in November 2022, at $27,400, and the SMA100 (black line), which may overlap with the 38.2 Fibo at the psychological zone of $25,000, may prove to be important levels.

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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com

Trust Pilot Score 4.9

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Solid ECN

Active Trader
Mar 3, 2022
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DE30​

The German leading index is coming under increasing pressure.

W1 chart​

The DAX future / DE30 is falling today, pulling back from the high for the year, which was reached yesterday at 16,056 points. The record high remains the key resistance - the gap is around 400 points. In case of further losses, the breakout level at 15,698 points and the intermediate high at 15,463 points could be targeted.

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The German leading index is coming under increasing pressure.

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M15 chart​

The DAX future / DE30 slipped below the low at 15,901 points, falling to its lowest level in six days. The technical situation has deteriorated in pre-market trading today - see crossover and lower lows and lower highs. With no sign of life from the bulls, the index remains vulnerable to further losses.



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%15 Bonus | Swap Free | Raw Spread​

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xSolidECNx

Trader
Sep 30, 2022
20
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Palladium pulls back from 2-months high and drops below $1,600​

PALLADIUM is the worst performing precious metal today, dropping around 2.5% at press time and moving further away from a recent 2-month high. Palladium is a clear outlier among precious metals today as USD weakening allows gold to rise 0.6% and platinum to add 0.2%. Silver is trading flat. While gold and silver, and to a lesser extent platinum, are driven primarily by the investment demand, palladium is more reactive to industrial developments. Today's drop may be to some extent driven by poor performance of EV stocks, especially Tesla as it slumps 10% following a lackluster Q1 2023 earnings report.

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Taking a look at PALLADIUM at D1 interval, we can see that the price is pulling back after a failed attempt at breaking above the $1650 resistance zone. Downward move accelerated today with price dropping below the $1600 mark. The near-term support can be found ranging above the $1,500 mark and served as the upper limit of a previous short-term trading range.​


%15 Bonus | Swap Free | Raw Spread​

Solidecn.com

Trust Pilot Score 4.9


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SOLIDECN

Master Trader
Nov 16, 2021
3,323
22
54
39
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Chart of the Day - EURUSD​

EURUSD is pulling back this morning. The move lower is driven mostly by strengthening of the US dollar. The main currency pair tried to recover some losses after the release of mixed PMIs for France and Germany that showed major improvement in the services sector and significant deterioration in manufacturing. While flash PMIs failed to trigger a strong recovery move, they seem to have been enough to halt declines.

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Taking a look at EURUSD at the H1 interval, we can see that the pair dropped to the 1.0940 area, where the short-term upward trendline can be found. Bulls managed to defend this price zone and now we can see the pair trying to climb back above 1.0950. From a technical point of view, this is a bullish development but whether this translates into a large upward impulse will depend on whether bulls manage to break above the 1.0980 resistance zone that has been limiting upward moves this week. Should such a break occur, EUR bulls may target recent highs in the 1.1070 area next.

The pair may see some volatility around 2:45 pm BST when flash PMIs from the United States for April are released. Market expects a small deterioration in both manufacturing and services.​


%15 Bonus | Swap Free | Raw Spread​

Solidecn.com

Trust Pilot Score 4.9


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Solid ECN

Active Trader
Mar 3, 2022
625
3
34
39
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Solid ECN - %15 Deposit Bonus​

One of the essentials in trading forex and other leveraged products is having more margin. It is a common and rookie mistake to trade in a high volatility market such as cryptocurrencies with a low balance.

Solid ECN has a backup plan for its customers. We boost deposits by %15 and it is up to $1,000 per account. All profits are free for withdrawal. Where most companies remove the bonuses on stop-out and margin calls, the given credit at Solid ECN is %100 tradeable, and it can be lost. Solid ECN buys itself %30 more risks to make sure the clients are trading with more confidence. Try us today, and let us know about your trading experiences with us.

%15 Bonus | Swap Free | Raw Spread​


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SOLIDECN

Master Trader
Nov 16, 2021
3,323
22
54
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Solid-Micro Account​

The main unique feature of Solid-Micro accounts is that the minimum trading volume starts from 0.001, while the trading conditions are similar to those for standard accounts. As a result, these account types suit both beginners and professionals, because they may help them test new trading strategies or Expert Advisors in market conditions without any significant financial investments.​
  • Minimum Deposit $5​
  • Minimum lot 0.001 lots (100 units)​
  • Leverage 1:1000​
Feel free to open an account and start trading Forex with as low as $5!​


%15 Bonus | Swap Free | Raw Spread​

Solidecn.com

Trust Pilot Score 4.9

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Solid ECN

Active Trader
Mar 3, 2022
625
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34
39
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Coca-Cola on wave of strong demand and higher prices​

Like other companies in the industry, the Coca-Cola Company has increased the prices of its products, but this has not affected consumer demand. In recent years, as pandemic-related restrictions have disappeared, the company has seen an increase in productivity. This is mainly due to consumers being willing to pay more for drinks in public places such as restaurants, stadiums and concerts.

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Current premarket trading on Wall Street indicates that Coca-Cola (KO.US) shares have broken above the important resistance set by the local peaks of December 2022.​


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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com

Trust Pilot Score 4.9

 
Mar 15, 2022
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Solid ECN Web-Trader MetaTrader 5​

The MetaTrader 5 Web platform allows you to start trading on the Forex, exchange and futures markets from any browser and operating system, including Windows, Mac and Linux. You can access the rich set of functions that are available in the MetaTrader 5 desktop platform directly on the web, which means you can analyze financial quotes and trade without downloading or installing any application. You can access your account and start trading in just a couple of clicks. Trading on the Web platform is safe, while any transmitted information is securely encrypted.

Open a free account at Solid ECN today.
  • 1:1000 Leverage
  • %15 Deposit Bonus
  • Ultra-Fast Execution
  • Negative Balance Protection
  • Refund Policy


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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com

Trust Pilot Score 4.9

 

SOLIDECN

Master Trader
Nov 16, 2021
3,323
22
54
39
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Free Market Analysis Subscription​

Solid ECN team delivers professional market analysis with both fundamental and technical aspects on a daily basis on 6 platforms.​
  • Website​
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Feel free to sign up for a demo account to receive the latest market update to your inbox, or follow us on social networks.

Our analysis helps our clients to trade more efficiently, cut losses, and find the entry and exit points easier.

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