Operating status: SCAM
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
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.