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Stolid Finance

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Are you thinking of using Stolid Finance for trading? Think again! Falsely claiming licensing and facing legal action, this platform is a recipe for financial loss.

Operating status: SCAM

Website: https://www.stolidfinance.com/

Broker violations and abnormal records
  • 2023-08-08 The UK FCA issues a warning against Stolid Finance

    On August 9, 2023, the Financial Conduct Authority (FCA) issued a warning against Stolid Finance, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/stolid-finance

    On August 9, 2023, the Financial Conduct Authority (FCA) issued a warning against Stolid Finance, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/stolid-finance
  • 2023-08-09 BrokersView has reviewed that Stolid Finance is an unregulated broker

    Stolid Finance falsely claims to be regulated. It claims to be regulated by the Australian Securities and Investments Commission (ASIC), and the US Securities and Exchange Commission (SEC), and the Investment Industry Regulatory Organization of Canada (IIROC), but we didn't find any matching results on those regulators' registers.

    In addition, the Financial Conduct Authority (FCA) has issued a warning against Stolid Finance, saying it is illegally targeting British residents.

    In essence, Stolid Finance is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Stolid Finance falsely claims to be regulated. It claims to be regulated by the Australian Securities and Investments Commission (ASIC), and the US Securities and Exchange Commission (SEC), and the Investment Industry Regulatory Organization of Canada (IIROC), but we didn't find any matching results on those regulators' registers.In addition, the Financial Conduct Authority (FCA) has issued a warning against Stolid Finance, saying it is illegally targeting British residents.In essence, Stolid Finance is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

How about Stolid Finance?? Safe?

Roberto
Nicaragua
2023-09-05
ANSWER No, Stolid Finance is not safe.To convince people that they are legitimate, Stolid Finance provides false regulatory information. It claims to be regulated by several regulatory bodies, including the Australian Securities and Investments Commission (ASIC), the US Securities and Exchange Commission (SEC), and the Investment Industry Regulatory Organization of Canada (IIROC). But we have been unable to find any matching results on those regulators' registers.In addition, the Financial Conduct Authority (FCA) has issued a warning against Stolid Finance, saying it is illegally targeting British residents without the required authorization.Put simply, Stolid Finance is an unregulated broker. Entrusting the platform with investors' money and personal information is highly dangerous, as there are no rules in place to safeguard them. To avoid such risks, we strongly suggest investors stay away from unlicensed platforms like Stolid Finance and instead choose a fully regulated one.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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