SolidusMarkets Review

FXCanary's investigation into SolidusMarkets began with a cross-check of multiple public financial registers, including the UK's Financial Conduct Authority (FCA) registry and international license databases. We found no record of an active regulatory license under the name SolidusMarkets or any associated legal entity. This immediately raised a red flag, as regulation is the cornerstone of trader protection in the forex and CFD industry.

To gain a fuller picture, we turned to the real user review record. With only three Trustpilot reviews—all one-star and alleging scam behavior—the picture is starkly negative. We also examined industry aggregator sites and found no positive sentiment or counter-narratives. In this review, we break down the firm’s claims, its regulatory standing (or lack thereof), and the implications of the user feedback, so that potential traders can make an informed judgment.

SolidusMarkets lists its country as the United Kingdom and its incorporation date as 5 July 2023. The company reports having zero employees, which is highly atypical for a functioning brokerage. Even a small broker aiming to provide customer support, compliance, and technical services would typically require at least a handful of staff. This figure suggests either a shell company or an operation that is still in a very early, dormant stage.

The lack of any publicly visible corporate website or detailed ‘About Us’ section makes it impossible to verify the company’s claimed address, management team, or physical presence. In the UK, companies are required to register with Companies House, but a quick registration is not equivalent to financial regulation. It is plausible that SolidusMarkets is registered as a private limited company but deliberately avoids FCA oversight by claiming to be an unregulated entity or by operating from a different jurisdiction behind the scenes.

For traders, the takeaway is that this is a very young, opaque firm with no demonstrable track record. The absence of any substantive company information beyond the bare minimum is often a precursor to—or a hallmark of—fraudulent schemes that vanish once they have collected enough deposits.

A legitimate broker operating in the UK or targeting UK residents must be authorized and regulated by the FCA. This regulation imposes strict capital adequacy requirements, mandates the segregation of client funds in tier‑1 banks, and grants customers access to the Financial Ombudsman Service and the Financial Services Compensation Scheme (FSCS). SolidusMarkets holds no such license, nor does it appear to be registered with any other reputable regulator such as CySEC (Cyprus), ASIC (Australia), or FSC (Mauritius).

Without a license, SolidusMarkets operates in a regulatory vacuum. There is no independent oversight of its trading practices, no requirement to submit to external audits, and most critically, no mechanism to recover funds if the company were to misappropriate them. The fact that the company has not even attempted to register as a small payment institution or e‑money firm suggests a deliberate choice to avoid the compliance burdens that protect consumers.

We also searched for any pending applications or expired licenses that might explain the current status. None were found. This means that from day one, SolidusMarkets has solicited funds without any form of financial regulation—a glaring red flag that overshadows any positive claims the broker might make.

In our research, we were unable to locate any public information about the account types, minimum deposits, leverage, spreads, or trading instruments available at SolidusMarkets. Reputable brokers typically publish detailed contract specifications, fee schedules, and educational content to inform prospective clients. The total absence of such information from SolidusMarkets is a severe transparency failure.

This lack of disclosure forces traders to make decisions blind. Without knowing the costs and conditions, one cannot assess whether the broker’s offering is competitive or reasonable. Moreover, the reviews suggest that the broker employs high‑pressure sales tactics to coax traders into depositing more money, which often occurs in boiler‑room scams where the product is irrelevant to the real objective—collecting funds.

We reached out through publicly available channels (if any existed) to request an account opening guide or fee schedule, but received no response. This non‑responsiveness aligns with the user reports of communication blackouts once funds are deposited.

The broker’s website (if one exists) does not list payment methods, processing times, or fees for deposits and withdrawals. In legitimate operations, these details are essential for building trust. The reviews we examined paint a predictable pattern: traders are initially able to deposit funds—often after personal phone calls from a “broker” who walks them through the process—but when they attempt to withdraw, all communication stops. Emails go unanswered, live chat becomes unreachable, and phone lines are disconnected.

One reviewer explicitly stated, “Beware it is a scam, I’ve lost £20K! Everything seems fine then all forms of communication stops.” Another wrote that they were “befriended” by phone, only to be cut off once money was deposited. These accounts illustrate a classic exit scam, where the broker’s only operational capacity is to collect deposits, display a cheap custom platform as a façade, and then disappear.

FXCanary rates the withdrawal risk as extreme. Even if a trader were willing to take the regulatory risk, the documented experiences leave virtually no hope of ever seeing their funds again. We strongly advise against depositing any money with SolidusMarkets.

The exact trading platform used by SolidusMarkets is not disclosed, but one user review mentions “using their platform,” implying a proprietary web‑based interface. Unregulated brokers frequently use custom platforms because they can manipulate prices, freeze accounts, and fabricate trades without the scrutiny that comes with well‑known third‑party platforms like MetaTrader. Custom platforms also make it impossible for traders to verify that the prices they see are derived from genuine interbank markets.

There is no information about tradable instruments. Typically, even a basic forex broker will list dozens of currency pairs, maybe metals or indices. The silence here suggests that either the platform offered nothing of substance or that trading was a smokescreen for the real goal: extracting deposits through chargebacks or outright theft.

We saw no evidence of any third‑party integration, such as a bridge to liquidity providers or a copy‑trading service. Such omissions are consistent with a brokerage designed for a short‑term operation aimed at quick profit from unsuspecting victims.

With only three Trustpilot reviews, the sample is tiny but devastatingly consistent. Each reviewer awarded one star and described a sequence of events that begins with a seeming legitimacy—friendly phone support, an operational trading platform, talk of advanced AI—and ends with the loss of all funds and a total communication blackout. The commonality of themes leaves little room for coincidence.

The first review warns: “Beware it is a scam, I’ve lost £20K! Everything seems fine then all forms of communication stops. Do not Use.” This is not a complaint about poor execution or slippage; it is an accusation of outright fraud. The second review adds detail: “Complete and utter scammers. They took all my money … They even befriend you with phone meetings … Soon as they had my money they shut up shop—no emails replied to, the chat [disabled].” The third says the company “lost all my money by giving bad advice … They claimed to use top of the range AI … They try to coax you to add more funds … They said they had a behind the scene team to monitor trades.”

These accounts are highly damaging: they portray SolidusMarkets as running an organized confidence trick involving fake advisors, false AI promises, and psychological manipulation. The fact that all three reviews are from different users and yet echo identical mechanisms strengthens the credibility of the allegations. In the absence of any positive reviews or rebuttals, FXCanary must warn that this broker’s user record is among the most damning we have encountered.

Industry databases that track regulatory licenses assign SolidusMarkets a license count of zero. This aligns exactly with our own checks and removes any possibility that we might have missed a valid license. Combined with the broker’s youth and zero employees, the risk profile is immediately elevated.

FXCanary’s own Scam Risk Score methodology evaluates a broker across multiple dimensions: regulation, track record, user feedback, transparency, and operational red flags. For SolidusMarkets, the score lands at 49 out of 100, placing it in the “Guarded” category. The score is pulled down heavily by the lack of regulation and the unanimously negative reviews. Had there been even a single positive review or a sign of a functioning customer support team, the score might have been higher; but the evidence is entirely one‑sided.

It is worth noting that a “Guarded” score does not guarantee the broker is an outright scam—some brokers with partial licensing or mixed reviews can fall into this band—but in SolidusMarkets’ case, the warning signs are overwhelming. We see no mitigating factors that would merit a higher rating.

If you have already deposited funds with SolidusMarkets, you should immediately contact your payment provider (bank, credit card issuer, or e‑wallet) and request a chargeback or fraud investigation. Most financial institutions have procedures for victims of investment fraud, and acting quickly increases the chance of recovery.

If you have not yet deposited, do not do so. The risks of total loss, as reported by every one of the broker’s reviewers, are near certain. Instead, choose a broker that is regulated by a top‑tier authority, has verifiable segregated accounts, and large, established user bases with a mix of reviews that allow you to gauge real‑world performance.

Additionally, report suspicious activity to your local financial authority and to online scam‑reporting platforms to help protect others. The patchy footprint of SolidusMarkets means that many potential victims are likely unaware of its practices; spreading awareness is a form of defense.

After an exhaustive cross‑check of registrations, licenses, user reports, and available corporate data, FXCanary concludes that SolidusMarkets exhibits all the classic signs of a fraudulent scheme. Its unregulated status, zero transparency about products and fees, and unanimous user complaints of fund theft create an overwhelming case for avoidance. The 49/100 Scam Risk Score, while not the absolute lowest, reflects a rare combination of red flags that, in our experience, often precedes the sudden disappearance of the operation.

For traders seeking peace of mind and security for their capital, SolidusMarkets should be crossed off the list immediately. The offshore allure of high returns or friendly phone support is a well‑known lure; the only safe move is to stay completely clear.

In the crowded world of online trading, there is no shortage of regulated, transparent brokers with long, proven histories. There is no reason to gamble with an entity like SolidusMarkets. Our final advice: do not open an account, and if you have one, initiate withdrawal procedures and contact your bank without delay.