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No Regulation
Score
1.15 /10
Danger
Solidary Prime
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Score
Regulatory Index0.00
Business Index4.23
Risk Management Index0.00
Software Index4.00
License Index0.00
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Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-15
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Aspect | Information |
| Company Name | Solidary Prime |
| Registered Country/Area | New Zealand |
| Founded Year | 2023 |
| Regulation | Not Regulated |
| Minimum Deposit | $10 |
| Maximum Leverage | Up to 1:200 |
| Spreads | Start from 0 pips |
| Trading Platforms | Solidary WebTrader; Social Trading; Solidary Prime platforms |
| Tradable Assets | Forex, Metals, Stocks, Raw Materials |
| Account Types | Standard, Top, Elite, Pro |
| Demo Account | Yes |
| Customer Support | Contact Form & Online Chat |
| Deposit & Withdrawal Methods | Fairpay, European Bank (SEPA), Neteller |
Solidary Prime Information
Solidary Prime is a relatively new online trading platform established in New Zealand, providing a variety of financial products for trading. The biggest advantage of this platform is its low transaction fees, especially the spread, which is very attractive to high-frequency traders. However, the biggest disadvantage of Solidarity Prime is its lack of regulation. This could put your investment at risk.
Pros and Cons
| Pros | Cons |
| Provides access to various financial markets such as forex, metals, stocks and raw materials | Lack of regulation. |
| Basic and intuitive interface design | Offers only contact forms and online chat for support, with no phone or email options |
| Offers virtual private servers for advanced traders | No MT4 or MT5 platform available |
| Offers low spreads starts with 0 pips, and commission rates ranging from $0 to $3.95 per lot |
Is Solidary Prime Legit?
Solidary Prime is not regulated by any regulatory authorities. Although they claim registered in Seychelles with a registration number 8433877-1 holder of an FSA license with number SD180 and registered address at Office 9, Neenu's Building, Providence, Mahe, Seychelles. Its regulatory information cannot be found on the websites of FSA.
What Can I Trade on Solidary Prime?
Solidary Prime provides a variety of financial products, including forex, metals, stocks and raw materials, with more than 61 pairs of trading varieties. And provides dedicated VPS.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Shares | ❌ |
| Energies | ❌ |
| Commodities | ❌ |
| ETFs | ❌ |
| Metals | ✔ |
| Dedicated VPS | ✔ |
| Futures | ❌ |
| Raw materials | ✔ |
Account Type
Solidary Prime offers four account types with varying commission structures and spread rates, all featuring leverage up to 1:200 and the ability to trade a wide range of financial instruments.And Solidary Prime also provides demo accounts.
Solidary Prime Fees
The fees of Solidary Prime is more competitive than the industry.
Trading Fees
Solidary Prime's commission fees vary by account type, ranging from $0 to $3.95 per lot. Spread starts with 0 pips.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for which type of traders |
| MT4 | ❌ | / | / |
| MT5 | ❌ | / | / |
| Solidary WebTrader | ✔ |
| Traders seeking flexibility and efficient execution. |
| Social Trading | ✔ |
| Beginers or those seeking to mitigate risk. |
| Solidary Prime | ✔ | / | / |
Deposit and Withdrawal
The minimum deposit to start trading with Solidary Prime is $10.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Fairpay | $10 | Commission: 6% | 1-12h |
| European Bank (SEPA) | 10€ | From 10€ to 5000€: 12€o;From 5001€: 17€ + 0,06% (Max. Fee 250€) | 1-3 laborable days |
| Neteller | $10 | Commission: 4.09% | 1-12h |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| European Bank (SEPA) | $10 | From 10$ to 1000$: 20€From 1001$ to 4999$: 25€From 5000$: 30€ + 0,08% | 1-3 laborable days |
| Neteller | $10 | Commission: 2% | 1-12h |
Customer Service
Solidary Prime offers customer support in English and Spanish. While Solidary Prime's customer service options are quite limited. You can only reach them via contact form and online chat.
| Contact Options | Details |
| Phone | None |
| None | |
| Support Ticket System | None |
| Online Chat | Yes |
| Social Media | Facebook: https://www.facebook.com/solidaryprimenz;Twitter: https://x.com/solidaryprime;Instagram |
| Supported Language | English; Spanish |
| Website Language | English; Spanish |
| Physical Address | Office 9, Neenu's Building, Providence, Mahe, Seychelles. |
| Contact Form | Yes |
The Bottom Line
Solidary Prime offers a competitive trading environment with low fees and a user-friendly platform. However, the lack of regulation by major financial authorities raises a red flag about the safety of your funds. If regulation is not a major problem, Solidary Prime can be suitable for experienced traders acceptable with a proprietary platform and limited customer support.
FAQs
Is Solidary Prime a safe trading platform?
No, Solidary Prime is a very young broker (established in 2023) that is not regulated by any major financial agencies, so utilizing it bears some risk.
Is Solidary Prime a suitable broker for beginners?
While Solidary Prime provides a user-friendly platform, the lack of regulation and insufficient customer assistance make it difficult for newcomers.
Is Solidary Prime good for day trading?
Solidary Prime might be suitable for day trading due to its competitive fees and access to a variety of financial instruments.
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