Table of Content
Solana Markets Review – This Broker Is Absolutely a Scam
Table of Content
Solana Markets Forex trading attracts a lot of people from all over the world, providing immense earning potential. In parallel, it is a risky venture, especially for beginners. That being said, a widening number of scam brokers increases the probability of money loss.
As a means to help you trade safely, we have analyzed Solana Markets—a shady brokerage firm exposed by the British watchdog (FCA). Succinctly, this fraudster will deceive you with its fake offer containing a trending website, trading on popular markets, three trading platforms, and beneficial trading conditions.
Needless to say that all of this is a pack of lies. Wherefore, in the following Solana Markets review, find out why this broker is absolutely a scam.
|Minimum Deposit||10,000 USD|
|Broker Type||Forex provider|
Are Your Investments Safe With Solana Markets?
For certain, the main element of online trading is financial security which is ensured by strict legislation. Ergo, every broker must be authorized by a relevant financial market regulator to render services. If not, unlicensed brokerage firms are illegal, can’t be trusted, and could be involved in fraudulent trading activities.
In terms of regulation, this bogus broker claims to be headquartered in Australia. In that case, it has to be certified by ASIC (Australian Securities and Investment Commission). However, the Solana Markets broker is not just missing licenses but is blacklisted by the British financial authority, FCA (Financial Conduct Authority). In other words, it is an outright investment scam that will rip you off. Thus, instead of taking chances with this illicit broker, you should pick and choose a legitimate forex provider.
In this way, you will enjoy many benefits such as funds safety and a prosperous trading environment. For instance, brokerage companies licensed under leading supervisory bodies like FCA, BaFin, and ASIC are highly prized. It is because traders are covered by compensation schemes in the case of adverse events (e.g., broker’s bankruptcy), and indemnification goes up to 100,000 EUR. On top of that, you are also protected by risk management tools, for example, negative balance protection and segregated funds.
In summation, your investments are not safe with Solana Markets.
Trading Platform Overview
On the subject of trading platforms, as an untrustworthy broker, Solana Markets can’t offer what it promises, i.e., a multi-asset modern trading program available as an internet-based trading platform, mobile trading app, and a desktop version. In reality, its web trader comes with substandard performance.
For the record, among the finest trading programs, are MetaTrader 4, MetaTrader 5, cTrader, and Sirix. Traders appreciate the reliability, flexibility, and integrity of these systems. With their advanced features (e.g., stop loss, expert advisors, social trading), a trader can act more effectively.
Keep in mind that the full potential of a trading platform is only possible with a legit broker. Therefore, avoid trading on manipulative trading software offered by fraudsters.
What Account Types Does Solana Markets Offer?
When it comes to trading accounts, Solana Markets offers several versions.
- Standard: 10,000 USD minimum opening balance
- Silver: 50,000 USD minimum opening balance
- Gold: 100,000 USD minimum opening balance
- VIP: 250,000 USD minimum opening balance
- 1 Million Club: 1M USD minimum opening balance.
As you can observe, these numbers are hefty, an apparent rip-off. Unlike this, you can open a real account with a genuine broker for as low as 10 USD.
In addition, a demo account is enabled at Solana Markets, which allows trading without risk and costs. Although this option is helpful, it doesn’t change the fact that this is a broker scam.
Trading Instruments Offered
Speaking of trading instruments, Solana Markets guarantees over a hundred tradable assets, including the following.
- Crypto: Bitcoin, Ethereum, Tether
- Currency pairs: EUR/USD, GBP/USD, USD/JPY
- Indices: USA 500, US-Tech 100, DAX30
- Shares: Facebook, Alphabet, HSBC
- Commodities: metals (gold, silver, aluminum) and energies (natural gas, crude oil).
Regardless of what this unscrupulous broker offers, bear in mind that it is a proven trading scam. Traders can’t expect to trade on the foregoing markets under a conducive environment. With a financial swindler, there is only one outcome: ending up defrauded.
Solana Markets Offers Bonuses and Promotions
Regarding bonuses and promotions, they are an integral part of every online trading scam misusing them to lure traders. For that reason, they are banned in many jurisdictions. As a blatant fraudster, Solana Markets offers promotions, including a referral bonus.
By recommending Solana Markets to your friends, this phony broker claims you can make up to 10,000 USD. Despite that, take into account that this is just a decoy. Actually, bonuses can’t be withdrawn, and they always come with unreasonable preconditions.
Concerning deposits and withdrawals, information about them is always smoke and mirrors with a bogus brokerage company. By the same token, Solana Markets is ambiguous and cunning. Allegedly, it claims to accept credit/debit cards and bank transfers.
Yet, it is far from the truth. These payment methods are safe, transparent, and refundable, which goes against the end goal of this con artist. Consequently, the only means of payment at Solana Markets is most likely crypto wallets, which are almost irreversible and untraceable.
As for the withdrawal process, there are no money withdrawal guarantees with unlicensed brokers. Accordingly, you will surely have withdrawal issues with Solana Markets.
How Do I Obtain a Refund if Solana Markets Defrauded Me?
In the event that you have been cheated by the Solana Markets scam, you should know that getting your money back is possible. It is important to act fast and not to feel ashamed because scams can happen to anyone; newbies are particularly susceptible to cyber fraud. Before applying for cashback, a victim should notify relevant authorities and warn other traders.
As regards refunds, the process depends on a form of payment. For example, a chargeback is relatively straightforward with credit and debit cards and wire transfers. That is why scam brokers avoid these secure funding options and prefer unsafe crypto payments because they are anonymous and difficult to reverse. Nevertheless, cyber experts can help you retrieve your funds no matter the means of payment. Apropos of this, get in touch with our chargeback specialists.
Solana Markets Summary
In conclusion, let’s recap crucial findings in this Solana Markets broker review. This fraudulent broker pretends to be a credible brokerage firm registered in Australia; howbeit, it is an unauthorized business warned against by FCA. Solana Markets is not transparent about its terms of exchange; in so doing, it intends to trick you.
Likewise, this illegal broker gives a false promise about the availability of innovative trading software and plenty of tradable assets. Nonetheless, Solana markets is full of lies and should be avoided like the plague. Lastly, under no circumstances don’t fall for Solana Markets reviews since they are mispresented to appear positive and draw people’s attention.
FAQs About Solana Markets Broker
Is Solana Markets a Regulated Broker?
No, it is not; Solana Markets is not authorized to deliver online financial trading services anywhere.
What Is the Minimum Deposit for Solana Markets Broker?
Solana Markets requires a 10K USD minimum deposit, which is a plain cheat.
How Long Do Solana Markets Withdrawals Take?
Allegedly, it takes 1-2 business days; however, we are sure that withdrawals are not even possible with this outright scam.