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In this blog post, we will explore if Solid ECN accepts solid ecn US clients, its Pros and cons, and why US traders choose brokers like Solid ECN and more. I’ve got nothing negative to say about SolidECN. Started with little trading knowledge, but their broker’s guidance got me improving. I’m on their standard account with spreads from 0.3 pips and zero fees. My only wish is for a 0.001 lot minimum trade like on their Newbie Micro account.
Solid ECN Account Types: A Guide for Traders and Investors 2024
This variety just makes the whole experience more user-friendly. Whether you’re into crypto or more traditional methods, SolidECN’s got you covered. It’s not just about convenience, it’s like they’ve tailored the whole thing to fit my way of doing things. Having these options is a game-changer, and it really sets SolidECN apart as a platform that gets what traders need. https://www.xcritical.com/ The platform handles high volatility well, and I haven’t experienced any major issues.
- I’ve been with Solidecn for about 4-5 months, and I haven’t encountered any major issues.
- Still, being unregulated also brings with it certain benefits.
- However, traders should take care while trading with unregulated forex brokers.
- I haven’t run into any issues with customer service yet.
- Whether you’re into crypto or more traditional methods, SolidECN’s got you covered.
Smooth Deposit and Withdrawal Process
I have been making more informed trading decisions since I got here. Easy deposit, fast withdrawal, overall a good broker for traders in France. I am happy with SolidECN and would recommend it as a broker to anyone. The spreads are tight and the self-explanatory interface made it simple to trade both in long & short positions. Trading USDJPY at Solid ECN offers several benefits.
Is Solid ECN Regulated in the USA?
With higher leverage, there is a higher chance of making more profits provided that the market moves in favor of your position. Overall this is a good broker and their support is on point. I do urge them to fix the inconsistent information on their site as soon as possible.
They have consistently given me a strong ECN trading environment with high-speed infrastructure and minimal delays. When it came to withdrawing, I chose USDC and received the money within 40 minutes, which was impressive. On one occasion, I contacted their support chat regarding a bonus query, and they promptly connected with me and provided clear explanations. I have been trading with Solid for several months now. During this period, I haven’t noticed any significant slippages, and the quotes appear to be stable without sudden jumps.
It allows me to focus on my trades without worrying about any overnight fees. Although I do wish the swap-free option remained more cost-effective after the initial period. I’ve found SolidECN to be an excellent platform for major FX trading. While the micro account had a somewhat wide 2-pip spread, upgrading to the professional ECN account proved better. By avoiding the spread and paying $2 per lot entry, it’s fair and reasonable for my small lots and capital. With just $0.02 on majors, it’s an affordable and effective choice for me.
Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage. However, traders should take care while trading with unregulated forex brokers. I made the mistake of not thoroughly researching my previous broker, which resulted in withdrawal issues.
For further information, please do not hesitate to get in touch with our customer support. Please see the table of account types and account comparison table here. Foreign exchange trading includes trading one currency pair against another, foretelling that one currency will rise or fall against another. Currencies are traded in sets, like the Euro versus the US Dollar (EUR/USD).
In this case, you have to make sure that your strategy is well suited for the instrument you chose. I deposited $5k then after 3 weeks of trading I made a $6k withdrawal via visa card. It didn’t make sense although my other $1k was then credited to my account then next day as instructed by the support agent. I do think it would cause less friction if withdrawals are processed in accordance to the stipulated amount provided the funds are available to withdraw.
Everything processes within 24 hours, which is faster than most brokers I’ve used. There are great trading conditions, especially for ECN accounts. The spreads are tight, and the leverage options are flexible. We built the website to assist forex traders in finding the right forex brokers to trade with ease. We are committed to transparency, accuracy, and comprehensive insights. As Solid ECN is an unregulated offshore forex broker.
Even if there were any minor slippages, they were not noticeable enough to affect my trading experience. The payment methods that are available from Solid ECN includes a range of cryptocurrencies such as Bitcoin, Ethereum and the stablecoin Tether (USDT). In addition, regular bank transfers and the traditional e-wallet Perfect Money are also available as payment options. We use dedicated people and clever technology to safeguard our platform. The company will investigate any cases of concealed identity, source, and/or destination of illegally obtained funds.
Despite this limitation, everything else is commendable, and I plan to continue trading here for the foreseeable future. Solid ECN is a legally registered forex broker located in the Saint Vincent and the Grenadines, but not regulated by any government agency. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. We try to take the required steps to assure your funds are safe, along with the immense level of protection over them. That is why all our traders’ funds are independently managed from our own and held in segregated accounts in Tier 1 international banks. You will need to withdraw back to this card $10 + withdrawal fee, $20 + withdrawal fee, then $30 + withdrawal fee.
Also, this means that withdrawal should be processed proportionally to the deposited sums. You can find detailed guidance to our trading platforms here, and the verification levels here. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. Unfortunately, the regulators officially prohibited US traders from trading CFDs. However, Solid ECN gives US traders opportunities to trade CFDs from stocks, indices, and commodities. I’d be glad to address your concerns and questions.
To further enhance the learning process, Solidecn could consider adding webinars, which would provide valuable educational resources for traders at all levels. This addition would not only benefit new traders but also contribute to the platform’s overall appeal as a full trading solution. I really like Solidecn’s ECN account, the orders are getting processed really quickly. And the best part is, the commission is really low – just $2 for FX. It’s the cheapest I’ve seen, compared to other brokers. Despite the margin requirements being higher than for major pairs, which is normal, they’re still lower than what I experienced with other brokers.
Unlike most other forex brokers, Solid ECN does not have any explicit ban on US-based traders. Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors. Trade only with funds you are prepared to lose. Moreover, losses in leveraged products may exceed your initial deposit.
SolidECN’s provision of a week of swap-free trading not only aligns with my swing trading style but also helps me avoid unnecessary costs. I’ve been trading cryptocurrencies on Solidecn, and it’s been a smooth experience. SolidECN offers some of the lowest swap rate I’ve seen. For instance, the EUR/USD pair has a swap rate of -0.5 for long positions and -0.3 for short positions which is great for long term trading.
It allows me to open more positions, which I find very beneficial. This flexibility lets me spread the risk accross my trades by making multiple entries at different positions and take advantage of more market opportunities. In addition to the standard downloadable version of MT5 for Windows computers, Solid ECN also offers the platform for Linux and Mac computers. In addition, a web-based version that can be used on any type of computer is also available.