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Solutions Markets

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Operating status: SCAM

Website: https://www.solutionmarkets.com/

Broker violations and abnormal records
  • 2019-10-05 The British Virgin Islands FSC added Solutions Markets into unregulated entity Alert
    The British Virgin Islands Financial Services Commission (BVI FSC) issued a Public Statement on this broker in order to make the general public aware that the entity has never been licensed or regulated by the FSC to carry on any type of financial services business: https://www.bvifsc.vg/library/alerts/public-statement-16-2020-kiqiwk-holdings-intl-limited
    The British Virgin Islands Financial Services Commission (BVI FSC) issued a Public Statement on this broker in order to make the general public aware that the entity has never been licensed or regulated by the FSC to carry on any type of financial services business: https://www.bvifsc.vg/library/alerts/public-statement-16-2020-kiqiwk-holdings-intl-limited
  • 2021-01-20 Austrian FMA added Solutions Markets into Suspicious Entity Alert
    The Austrian Financial Market Authority (FMA) informed the general public that the broker is not entitled to carry out services in Austria that require a licence and is therefore neither permitted to trade on a commercial basis on its own account nor on behalf of others: https://www.fma.gv.at/en/solutions-markets-kiqiwk-holdings-intl-limited/
    The Austrian Financial Market Authority (FMA) informed the general public that the broker is not entitled to carry out services in Austria that require a licence and is therefore neither permitted to trade on a commercial basis on its own account nor on behalf of others: https://www.fma.gv.at/en/solutions-markets-kiqiwk-holdings-intl-limited/
  • 2021-05-16 The UK regulator FCA added Solutions Markets into its blacklist
    The UK’s Financial Conduct Authority (FCA) added the company to its alert list, saying that this firm is not authorised by it and is targeting people in the UK: https://www.fca.org.uk/news/warnings/solutions-markets
    The UK’s Financial Conduct Authority (FCA) added the company to its alert list, saying that this firm is not authorised by it and is targeting people in the UK: https://www.fca.org.uk/news/warnings/solutions-markets
  • 2021-08-24 BrokersView has reviewed that Solutions Markets is an unregulated forex broker
    Solutions Markets claims to be regulated by the British Virgin Islands Financial Services Commission (BVI FSC). However, it’s actually not regulated or overseen by any regulator when we checked on BVI FSC. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    Solutions Markets claims to be regulated by the British Virgin Islands Financial Services Commission (BVI FSC). However, it’s actually not regulated or overseen by any regulator when we checked on BVI FSC. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2022-04-07 BrokersView has found that Solutions Markets is not working

    BrokersView found the domain https://solutionsmarkets.co/ is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker's website is suspended.


    BrokersView found the domain https://solutionsmarkets.co/ is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
  • 2022-07-14 BrokersView has found that Solution Markets may using a new domain

    BrokersView found Solution Markets may using a new domain "https://www.solutionmarkets.com/" to scam. 

    BrokersView found Solution Markets may using a new domain "https://www.solutionmarkets.com/" to scam. 

Related Complaints

Q&A

Are there any requirements for deposits and withdrawals?

Villads Holst
Singapore
2023-03-30
ANSWER Solutions Markets is an unlicensed broker even though it states offers that look too good to be true.Solutions Markets presents zero details on its regulatory status, a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. In addition, this broker carries multiple warnings for engaging in fraudulent activities issued by various authorities, including:1) the British Virgin Islands Financial Services Commission (BVI FSC), and you can check the full warning here;2) the Austrian Financial Market Authority (FMA), and you can check the full warning here;3) the UK’s Financial Conduct Authority (FCA), and you can check the full warning here.Regarding your question, since Solutions Markets is an unlicensed broker, we would suggest not to trade with this broker. Letting them hold and control your funds or trading with them is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we would recommend staying away from such unregulated brokers as Solutions Markets and trading with fully regulated brokers.
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I just wondered if Solutions Markets is a regulated broker in the British Virgin Islands. Could you please verify this for me? Thank you.

Alfred Lai
Malaysia
2021-10-26
ANSWER Solutions Markets is an UNREGULATED broker and should be avoided at all events. Solutions Markets claims to be regulated by the British Virgin Islands Financial Services Commission (BVI FSC). However, we didn't find any regulation about this broker from the BVI FSC. So currently Solutions Markets is actually not regulated by any financial regulator. What's worse, the BVI FSC, the Austrian FMA and the UK's FCA have successively added Solutions Markets to the alert list to warn the public that this firm is not authorised to provide the investment services in their countries. You can check full alert or warning from BVI FSC, FMA and FCA on Solutions Markets respectively. As per the evidences above, our final verdict is that Solutions Markets is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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