SolidECN review - Trading Instruments, Trading platforms, Broker features, and Traders ratings.

1.673 • 13 REVIEWS
Updated: Apr 17, 2024
SolidECN.com

What is SolidECN?

SolidECN is a forex broker with MT5 as their platform in PC and Web and Mobile version.

SolidECN.com offers over 40 forex currency pairs, commodities, gold, silver, oil, stock CFDs, bitcoin and other cryptocurrencies for your personal investment and trading options.

Please read SolidECN Reviews below and share your live trading experiences with this broker.

Broker Details

Minimum Trade Size: 0.001
Maximum Leverage: 1000:1
Minimum to Open Live: $1
Established: 2020
Address: First Floor, First St Vincent Bank LTD Building James Street Kingstown, VC0100, Saint Vincent And Grenadines
Contact: info@solidecn.com, +1 415 367 3742
Regional offices:
Regulators:
Prohibited countries:
Trading platforms: MT5
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (40+)
Cryptocurrencies: (45+) Bitcoin, Litecoin, Ethereum
CFD: (100+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Binance Coin, Bitcoin, Bitcoin Cash, Dai, Dogecoin (DOGE), Ether/Ethereum, Litecoin, Other Crypto Currencies, PerfectMoney, Ripple (XRP), Tether (USDT), WebMoney
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Binance Coin, Bitcoin, Bitcoin Cash, Dai, Dogecoin (DOGE), Ether/Ethereum, Litecoin, Other Crypto Currencies, PerfectMoney, Ripple (XRP), Tether (USDT), WebMoney
* Please check broker website for more information
1.673 • 13 REVIEWS

Recent User Reviews of SolidECN

M
Mikebrady416
New Jersey , USA,
Apr 12, 2024,
Registered user

Scammers!

Service use: Live Length of use: 3-6 Months
Do not trade with these guys. I sent $146 to one of my crypto addresses only for them to not send me it. It took days just to get a response from customer support and was told that the crypto was accidentally sent to different address. These guys aren’t regulated either. Go to a regulated broker
G
Glenny
Lagos, Nigeria,
Dec 21, 2023,
Registered user

SolidECN liked my losses, but cancelled my trade when I won.

Service use: Live Length of use: 0-3 Months
I traded with Solid ECN with several losses but when I won one trade, my trade profit was cancelled. Till date, they refuse to pay my profit.
When I ask them about the issue, they said they don't want scalpers and that it hangs their system.  When I was losing in scalping trades why didn't they cancel those trades, but when I gain they took the profit.  This is a very bad broker that loves to cheat.
G
Reply by SOLID ECN LLC submitted Dec 25, 2023:
Notice Regarding Prohibition of Arbitrage Trading

We would like to bring to your attention that arbitrage trading is strictly prohibited within our platform. Our organization maintains a zero-tolerance policy towards any form of fraudulent activities, including but not limited to cheating and scamming.

We are committed to maintaining a fair and transparent trading environment for all our members. Any violation of this policy will be dealt with the utmost severity and may result in immediate account suspension or termination.

Thank you for your understanding and cooperation.
T
tanthanh
Viet Nam, Viet Nam,
Jan 13, 2023,
Registered user

Gave meaningless reasons for blocking my withdrawal

Service use: Live Length of use: 0-3 Months
Solidecn.com broker scam. my account 336055. i trade and profit. they locked withdraw, locked account.they give completely meaningless reasons
T
Reply by SOLID ECN LLC submitted Jan 24, 2023:
You are accused of a serious crime which is identity theft.

You were banned from accessing the client portal for stealing the identities of 53-year-old Mrs. L**n and 58-year-old Mr. X**n, and your inability to submit the demanded files in the last two weeks is proof of your shady business.

We asked you to submit these files:

> A Selfie photo of Mrs. L**n holding her ID in one hand, and a recent published newspaper in the other.
> A Selfie photo of Mr. X**n holding his ID in one hand, and a recent published newspaper in the other.

It has been two weeks since we are waiting for the delivery of the above mentioned documents.
S
simonheather
UK, United Kingdom,
Nov 10, 2022,
Registered user

Service use: Live Length of use: 0-3 Months
Acc (MT5): 335568
I deposited £2893 and shorted Amazon at the close, into earnings. Amazon dropped and I earned £12,000 in profit, all still saved and verifiable on MT5 along with screen shots. When I withdrew the full balance (£14,476) I was only returned my original deposit. Zane (my account manager) explained that "Our LP [liquidity provider]... didn't process your trades". They won't admit that my contract is with SolidECN, not with their LP, and that all trades that all trades that I place and are confirmed by SolidECN should be honoured, regardless of the actions of their LP. I am awaiting any further response from SolidECN about this but will follow up this review next week with screenshots
S
Reply by SOLID ECN LLC submitted Nov 22, 2022:
Greeting from Solid ECN,

We understand your concern regarding your trades. Do not worry, we are here to help you.

We have applied for indemnity insurance since the LP didn't notify us about the "close only" term on the stock instruments. The "close only" function was set by the LP due to the selling pressure on the trading product which usually happens when an asset loses more than %1 of its value in an ultra-short term.

We appreciate your kind patience and understanding at this time. Please contact our customer support to follow the latest update about your case.
J
Jose1orres
Texas, USA,
Nov 7, 2022,
Registered user

Scammers, pls beware!

Service use: Live Length of use: 6-12 Months
Please stop what your doing and don't sign up with these scammers! I talked to Zane? apparently CEO of company and he said his agent mistakenly copy/pasted my wallet address and sent my $16,000 to the wrong wallet and I am out of luck. There is nothing they can do but say I lost all my money even though they sent MY MONEY to the wrong wallet.

I am currently working with my attorney to sue them. Will keep you all updated.

Sep 13, 2022 - 1 Star Please please please! Do not use solidecn as your broker. They will claim you inputed the wrong USDC withdrawal address and send your funds there. I lost $16,500 because they said I put wrong address. I have only requested a withdrawal 1 other time on 6/15 which was $25,000 that got sent to my correct USDC address 0x9c8f2467b717c3a7ccc4ba1ffde350214d0c9615 but they said I inputed and they sent it here 0x8c2c4cf805feadf2caf7be1e3b4b87a477e60279

I have never seen or used that address before. Why would I input another USDC address when you see I have gotten a previous withdrawal properly sent to my 9615 address 2 months ago. Makes absolutely zero sense.

There are brokers you all could use, please stay far away from solidecn, if like losing money to scammers. If this has happened to you in the past, please PM me in the forums. I am getting a list together to report to my attorney.

Reply by SOLID ECN LLC submitted Sep 28, 2022 Hi,

Solid ECN Securities processes all withdrawal requests within an hour. Your order was filled to the USDc address given by you.

We delivered information containing the applicant's IP address from our database indicating that it was you who submit the request. Even though it was clear that we did nothing wrong we started perusing the USDc address by reporting it, and we gently asked you to wait for the results.

If it was proven that your system operator's clipboard was hacked, we were willing to cover half of the loss as promised. That deal we had is off the table now.

> remove the harmful apps from your system operators
> remove the controversial extensions from your web browser. Such extensions can read and manipulate your actions through the web.

----------------------------------------------------------------

> Your total deposit was: $129,000
> Your total withdrawal was: $25,000 on 2022-06-15 and $16,537 on 2022-09-12

You lost $87,463, and this was your plan to blackmail us to recover a part of your loss. Your account was managed by your IB meaning the login and password were shared.

Your IB withdrew $9,515 of his rebates successfully with no complaints.

It is unethical to blame others for your mistakes. Our company is growing fast, and we do not let blackmailing and reviews not based on genuine experience take us down.

We added a new security provision to our withdrawal system that stops such a scenario.
T
tgvfx
Orenburg, Russian Federation,
Oct 27, 2022,
Registered user

broker SCAM

Service use: Live Length of use: 0-3 Months
On AUGUSt 29, 2022, i deposited 100 usd. i traded 16 transactions. 3 transactions with profit, 13 transactions with loss. I only trade on the news. Yesterday i made request withdraw 219.54 usd. The broker sent me an email:
Withdrawal on Hold
Hi,
Solid ECN Securities doesn't allow aggressive scalping. Abusive Trading” includes but is not limited to the following actions; pip-hunting, arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Trading Platform, a combination of faster/slower feeds, use of any spiders or other automated data entry system with the Trading Platform (unless the Client receives express written consent by the Company prior to activating the robot), violation of the term is lead to account closure, read more.
The following trades will be removed from your statement in the next hour.
2289170
2336644

He cancels two trades in profit out of three! Why doesn't he cancel losing trades??? All transactions are made according to one trading strategy!
T
Reply by SOLID ECN LLC submitted Oct 28, 2022:
We don't allow arbitrage trading. These are your trades which were executed by a pip hunter robot.

[img]https://i.ibb.co/z4TsvcZ/Screenshot-1.png[/img]

#2349533 - Trade holding time: 2 seconds
#2349532 - Trade holding time: 12 seconds
#2348725 - Trade holding time: 30 seconds
#2283684 - Trade holding time: 5 seconds

------------------------
A word to readers:

> When you trade with your broker, do you suffer from delay in execution, High spread, and High commissions and / or price delay?

If yes; CFD brokers regardless of their license and regulations are adding provisions (plugins) such as delay in feed, delay in execution, and / or increasing spread deliberately to refrain scammers and cheaters to take advantage of their platform with these cheap robots. In another word, decent traders are paying for the actions of these scammers.

Solid ECN hasn't implemented any sort of plugins to its trading platform. Our experts are monitoring trades to flag illegal trading activities. We have kept our platform and the trading condition neat and clean.
B
Bandung
Indonesia, Indonesia,
Jul 26, 2022,
Guest

solid broker

Service use: Live Length of use: over 1 Year
i got what i wanted here:
- majour pairs like eurusd and usdcad
- crypto transactions
- fast support
- tight spreads
- mt5 platform

*they offered bonus as well too, i declined that, don't know if they have it still

good trades to everyone!
B
Reply by SOLID ECN LLC submitted Jul 26, 2022:
Dear Bandung,

Thank you for writing us a five-star review. We wish you success on your trading journey.
T
THABANG TUDOR
Nigeria, living in Turkey,
Jul 11, 2022,
Guest

Easygoing Broker

Service use: Live Length of use: 3-6 Months
I'm an expat from Nigeria living in Turkey which makes it difficult for me to open an account with any broker. But Solidecn was very helpful and understanding. They approved my documents in hour.

The trading condition, leverage and spread look very good to me.
T
Reply by SOLID ECN LLC submitted Jul 12, 2022:
Dear MR. Tudor,

Thank you for writing us a review. We are glad that you chose Solid ECN Securities, and it is an honor for us to have you as a client. We wish you success on your trading journey.
A
Antony_sg
Ho Chi Minh, Viet Nam,
Jun 27, 2022,
Registered user

TERRIBLE BROKER

Service use: Live Length of use: over 1 Year
I write this warning to all traders, who want to open a trading account with this broker. I trade some exotic pairs, and my account did even not make any profit but they block my account after 3 days and did not allow me to withdraw my fund. I trade follow trading hours on the platform and all my trades are valid and did not violate any term conditions of this broker.
When I saw the 5-star review on FPA, I thought this broker is a good service brokerage, but the fact is a very terrible broker, before they disabled my trading account, even though they did not send any email to explain to me.
My recommendation to all new clients: do not believe any 4 OR 5-star reviews before you really trade and make any profit from them. This broker really is a CFD SCAM BROKER
A
Reply by SOLID ECN LLC submitted Jun 27, 2022:
Dear @Antony_sg,

Abusive Trading” includes but is not limited to the following actions; pip-hunting,
arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Trading Platform, a combination of faster/slower feeds, use of any robots, spiders or other automated data entry system with the Trading Platform (unless the Client receives express written consent by the Company prior to activating the robot), violation of the term is lead to account closure.

Your asset is not frozen. You may contact our financial department to withdraw the initial balance.
B
Beks
Targoviste, Romania,
Jun 24, 2022,
Guest

Support is fast

Service use: Live Length of use: 0-3 Months
Their support responds swiftly, they've solved my problems with setting ea and crypto transactions. KYC verification went almost without problems, 1 document was not so ok so I've changed it to the bank statement. After a few month I can tell you that crypto transactions are going without problems, usually the withdrawal takes 1 business day. Spread are like by other brokers, so overall recommend
B
Reply by SOLID ECN LLC submitted Jun 27, 2022:
Dear @Beks,

Thank you for writing us this review.