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Solidary Markets FX

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Operating status: SCAM

Website: https://www.solidarymarkets.com

Broker violations and abnormal records
  • 2016-12-04 CNMV Added Solidary Markets FX into the Unregistered Firm Alert

    The Spanish regulator CNMV added Solidary Markets FX into the unregistered firm alert. According to the release, CNMV warns that Solidary Markets FX ("SMFX") is not authorised to carry out investment services and activities in Spain as a result of lacking necessary authorization. You may visit: https://solidarymarkets.com/assets/documents/cnmv_en.pdf

    The Spanish regulator CNMV added Solidary Markets FX into the unregistered firm alert. According to the release, CNMV warns that Solidary Markets FX ("SMFX") is not authorised to carry out investment services and activities in Spain as a result of lacking necessary authorization. You may visit: https://solidarymarkets.com/assets/documents/cnmv_en.pdf
  • 2021-12-13 BrokersView has reviewed that Solidary Markets FX is an Unregulated Forex Broker

    According to the information on the website, Solidary Markets FX claims it is a Financial Services Provider but outside the scope of the Financial Act of 2008 so it is not required to stay in the FSP Registry for companies that provide services within New Zealand. That means the broker's activities are beyond the jurisdiction of the New Zealand Financial Services Law of 2008. In other words, Solidary Markets FX runs without any regulatory license and is currently not regulated or not overseen by any financial regulator. Besides, the Spanish regulator CNMV added Solidary Markets FX into the unregistered firm alert. According to the release, CNMV warned that Solidary Markets FX ("SMFX") is not authorised to carry out investment services and activities in Spain as a result of lacking necessary authorization. These proofs make it clear: Solidary Markets FX is actually not regulated or registered by any financial regulator. That means investors' funds in the broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

    According to the information on the website, Solidary Markets FX claims it is a Financial Services Provider but outside the scope of the Financial Act of 2008 so it is not required to stay in the FSP Registry for companies that provide services within New Zealand. That means the broker's activities are beyond the jurisdiction of the New Zealand Financial Services Law of 2008. In other words, Solidary Markets FX runs without any regulatory license and is currently not regulated or not overseen by any financial regulator. Besides, the Spanish regulator CNMV added Solidary Markets FX into the unregistered firm alert. According to the release, CNMV warned that Solidary Markets FX ("SMFX") is not authorised to carry out investment services and activities in Spain as a result of lacking necessary authorization. These proofs make it clear: Solidary Markets FX is actually not regulated or registered by any financial regulator. That means investors' funds in the broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

Related Complaints

Q&A

What currencies are accepted in Solidary Markets FX?

Ade
Kazakhstan
2023-03-14
ANSWER Solidary Markets FX is an unregulated trading platform even though it states offers that look too good to be true.When we read the information on this broker's website, we noticed the company Solidary Markets LLC, claiming to own and operate Solidary Markets FX, is registered in St. Vincent and the Grenadines with license number 376. We did find this firm's records on the website of St Vincent & The Grenadines Financial Services Authority (SVG FSA). However, it should be noted that SVG FSA does neither issue forex licenses nor regulate forex activities.In fact, Solidary Markets FX operates without oversight from financial regulatory authorities. That means investors' funds deposited in this broker are unsafe and trading with it comes with huge risks. Regarding your question, we would suggest investors stay away from unlicensed brokers like  Solidary Markets FX and trade with fully regulated brokers.
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Somebody told me he make great profit and recommended me this broker. Is it reliable?

Chhaiya
Kuwait
2022-07-04
ANSWER Solidary Markets FX is not a regulated or licensed broker for traders even though it states offers that look good to be true. Solidary Markets FX claims to be authorized by New Zealand Financial Markets Authority (NZ FMA). We searched NZ FMA and found a matching result. However, Solidary Markets FX has not authorized to provide forex services, according to NZ FMA. More importantly, the Spanish regulator CNMV added Solidary Markets FX into the unregulated firm alert, warned that Solidary Markets FX ("SMFX") is not authorised to carry out investment services and activities in Spain as a result of lacking necessary authorization. You can check the full warning from here.These proofs make it clear: Solidary Markets FX is actually not regulated by any regulators to provide forex services. That means investors' funds in the broker is unsafe and cannot be protected by any laws. We would recommend traders stay away from unregulated brokers like Solidary Markets FX and trade with licensed brokers.
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3 comments

Jake
Solidary Markets FX has been suspected as a scam broker. It definitely takes risks trading with them.
2023-03-02
Reply
Iqbal
When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. Solidary Markets seems to an uregulated offshore company. So, be cautious!
2023-02-25
Reply
wafiq alsalman
They are scammers, only they have a different name - Solidary Markets FX! I tried to trade stocks here - a couple of days and no money! On the stock exchange the shares are in positive territory, but I am in the red! Divorce, stir up as they want!
2022-12-30
Reply
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