Solu-trade.com – a scammer with an undetermined residence
Solu Trade is a brokerage company that supposedly provides the ability to trade Forex assets. According to her, it is incredibly profitable to work with her. It offers spreads from 0.1 pips, a couple of hundred trading tools, multiple platforms and market execution.
And all would be nothing. But in fact, the solu-trade.com broker has nothing to do with the market. This is confirmed by reviews, which for some reason are few, and a scrupulous analysis of the site. Everything suggests that the company is run by a group of unscrupulous fraudsters who are ready to do anything to squeeze out more money.
Solu Trade Registration Data
A broker can exist and operate legally in two cases. If he is a legal entity and is licensed. And solu-trade.com does not meet these requirements. The site of this company does not:
Regulatory organization name.
The legal address at which it is registered.
What is the conclusion from this? The same as in one of the reviews about Solu Trade. We’re not talking about a broker, but a bribery. First, he is not responsible for his clients. Secondly, no one controls it. This means that he has the ability to promise and create whatever he pleases.
If you go to solu-trade.com/ru/, and then go to the “Contacts” section, you will find the following:
Email address: email@example.com.
What’s on the map? Green dot near a building in Liechtenstein. And if you hover over it, the left address will appear: Govant building, Port Vila, Vanuatu. And this country is as far from Liechtenstein as Solu Trade is from an honest broker.
The deception is obvious. The fraudster doesn’t even make an effort to disguise who he is.
The lack of telephone numbers for communication is another alarm bell that needs to be paid attention to. Scammers usually hide contacts. Otherwise, they will certainly be figured out, found and punished by those whom they threw for money.
Solu Trade: cheating and obscure trading conditions
Here is the information available on the broker’s official website:
Account types. They are detailed, including spreads, commissions and minimum deposit.
Tool table. Most likely, this is just a frame borrowed from another site.
Logos of several payment systems. Visa, Mastercard, Yandex.Money, QIWI, WebMoney, Bitcoin.
Everything else is idle talk. For example, a fraudster claims to provide access to a large number of terminals. It would be nice to know which ones. But there is no such information. And neither on the website, nor in reviews of solu-trade.com.
And here’s another proof that we are talking yap. The broker promises convenient replenishment through different payment systems. And he doesn’t say a word about the speed of execution of transactions, as well as the size of commissions for crediting and withdrawing funds.
By the way, the scammer Solu Trade does not hide the fact that he offers to transfer money by bank transfer to his account. But honest brokers keep their own money separately from the client’s. And do not have access to them.
Another loud promise from solu-trade.com is liquidity from major global banks. And again, no evidence. The broker does not confirm that it really offers to trade through ECN and STP. And this is another reason to doubt his honesty.
The main argument
The Solu Trade reviews are the final nail in his coffin. It takes a lot of time to find them. But the broker’s website says that he works with clients from all over the world. Apparently, they do not know how to use the Internet. Otherwise, they would definitely share their impressions.
But back to the reviews about Solu Trade. There are few of them and they are negative. The victims of the fraudster tell in paints about the schemes he uses. The algorithm is simple but very effective:
A potential customer is called from an unknown number. Contacts are taken from illegally obtained bases.
They vividly describe the prospects for trading on Forex, promise fabulous profits.
Persuade to deposit money.
They manipulate quotes and trades to create the appearance of a profitable trade.
Lying out more money. Sometimes “professionals with years of experience” at Solu Trade say that additional funds are needed to earn even more. And if this does not have an effect, they are intimidated. They say that the entire deposit may be burned.
Milking to the last.
And when a trader tries to withdraw his money, the scammer Solu Trade immediately stops communicating. Calling and writing is useless. Nobody will answer.