Score

2.07 /10
Danger

SOOLIKE

South Africa

2-5 years

Regulated in South Africa

Derivatives Trading License (EP)

MT5 Full License

Regional Brokers

High potential risk

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Comparison

Quantity 96

Exposure

Open Account
Website

Score

Regulatory Index3.60

Business Index5.54

Risk Management Index0.00

Software Index9.02

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

SOOLIKE CAPITAL MARKETS

Company Abbreviation

SOOLIKE

Platform registered country and region

South Africa

Company website

X

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  • +852 2319 4358

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2026-01-23
  • WikiFX has received a total of 90 user complaints against this broker, please be aware of the risks and do not be scammed!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

Still unable to resolve my withdrawal issue. The account was arbitrarily inflated with fake orders, causing it to blow up. The entire process was fraudulent!

Absolutely terrible. Customer service never responds. Withdrawals through brokers are constantly delayed. My account has been frozen for trading. I submitted a withdrawal request, but it remains unprocessed. Then, on the third day, they automatically added fake orders, causing my account to blow up. Stay away from this scam platform.

2025-12-14 16:53
Scam

Using EA fraud to manipulate backend data modifications, causing margin calls, and subsequently refusing to acknowledge responsibility.

On the evening of October 2nd, the EA initially entered only four 0.03-lot positions around the levels of 3896, 3883, 3870, and 3857, with a small 0.13-lot position scheduled to be added at 13:00. However, the EA on their platform kept doubling down on positions. By the time it blew up and exited, all the data showed it desperately piling into 1.3 lots at a single position at 3881. The exit data was later altered to show a full liquidation at 42. After manually closing positions, the EA automatically resumed trading, even disconnecting my account. This resulted in a direct liquidation loss of 5300 (with an initial capital of 3000). It's clear the EA acted intentionally. I took screenshots at the time. Post-incident, they claimed it was normal distortion from position doubling and even deleted my account backend. I demand a refund of my principal.

2025-11-17 10:02
Unable to Withdraw

Soolike platform does not allow withdrawals.

Soolike platform agent (Xu Heng) (Xiao Huang) induced me to open an account on this platform by offering promotional bonuses and deposit incentives around the end of 2024. Throughout 2025, I repeatedly requested withdrawals, only to be denied under various pretexts. Finally, on December 6, 2025, they deleted my backend account and removed all contact information.

2025-12-30 12:06
Unable to Withdraw

Unable to withdraw funds; profits deleted from user accounts

I registered on the Soolike platform on June 24th after being strongly recommended by an agent. I deposited a total of $3,500 in three separate installments, withdrew $1,766 twice during that period, and currently have $1,743 in principal remaining on the platform. On November 6th, after manually placing trades and reaching a profit of $3,100, I requested a withdrawal of $3,000. The platform rejected my request and sent an email accusing me of wash trading, but provided no evidence whatsoever. On November 8th, when my account balance reached $4,017 in profits, the platform abruptly and permanently deleted my trading account without prior notice. My principal and all trading records were erased. When I emailed the platform again in early November to negotiate, Soolike stated I must withdraw my complaint and sign a non-complaint guarantee before they would return my principal. This is clearly coercion. I have consistently communicated with the platform through proper channels and repeatedly contacted their agents, but no one has responded, and there has been no follow-up. (I possess all deposit/withdrawal records and email evidence!) I strongly demand that Soolike return my principal of $1,743 and cease threatening users.

2025-11-23 21:58
    SOOLIKE · Company summary
    SOOLIKEReview Summary
    Founded2010
    Registered Country/RegionRegulated
    RegulationSouth Africa
    Market InstrumentsForexPrecious metalsCommoditiesEnergiesIndicesStocks CFDCryptocurrency
    Demo Account
    LeverageUp to 1:500
    SpreadFrom 0.0 pip
    Trading PlatformMT5
    Min Deposit$100
    Customer SupportPhone: +27 10143 1654
    Email: support@soolike.com
    Online Chat: 24/7
    Physical Address: Atrium on 5th, 9th Floor, 5th Street, Sandton, Johannes burg, 2196, South Africa
    Social Media: Twitter, Facebook, Instagram, Linkedin

    SOOLIKE Information

    SOOLIKE is a South African-registered brokerage established in 2010 and regulated by the FSCA. It enables traders to trade various products, including forex currency pairs, commodities, futures, indices and stocks via the MetaTrader 5 trading platform. There are also 4 types of accounts that support spreads starting from 0.0pip.

    SOOLIKE Information

    Pros and Cons

    Pros Cons
    Well regulated
    275+ instruments
    The spread starts at 0.0 pip
    Support MT5

    Is SOOLIKE Legit?

    Regulated RegionRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
    Regulated Region
    FSCASOOLIKE CAPITAL MARKETS (PTY) LTDFinancial Service53244Regulated
    Regulated Authority

    What Can I Trade on SOOLIKE?

    SOOLIKE says it supports 275+ instruments, including trading forex pairs, such as GBPUSD, EURUSD, USDJPY, etc. It also has Stock CFDs; Ftse 100, Germany 40, Wall Street and other indexes; Precious metals are gold, silver and so on; Trading commodities, including metals, energy and agricultural markets; It is also possible to trade more than a dozen cryptocurrencies, including Bitcoin, Ether and Litecoin.

    Tradable Instruments Supported
    Forex
    Precious metals
    Commodities
    Energies
    Indices
    Stocks CFD
    Cryptocurrency
    Bonds
    ETF
    What Can I Trade on SOOLIKE?

    Account Types

    SOOLIKE has four types of accounts: Standard Account, Premium Account, Micro Account and ECN Account.

    They have a uniform leverage of 1:500, with minimum deposits from $100 to $10,000.

    Account Types

    SOOLIKE Fees

    The spread of the 4 accounts ranges from 0pip to 1.8pip with no commission. In addition, all four types of accounts charge swap fees.

    Trading Platform

    SOOLIKE enables traders to use MT5 on desktop, mobile and web.

    Trading PlatformSupported Available Devices Suitable for
    MT5Desktop, Mobile, WebSkilled traders
    MT4
    Trading Platform

    Deposit and Withdrawal

    SOOLIKE supports payment methods such as VISA, BANK TRANSFER, Bitcoin, Perfect Money, wire transfer and mastercard.

    Deposit and Withdrawal
    Deposit and Withdrawal

    News

    NewsMarket Analysis for Today

    Gold price resumes its uptrend on Monday after erasing some of its earlier losses, which saw the precious metal hit a daily low of $3,268. A shift in market mood lifted Bullion‘s buyers’ spirits, driv

    WikiFX
    2025-04-29 09:26
    Market Analysis for Today

    NewsMarket Analysis for Today

    Gold prices plunged more than 2.50% on Wednesday as risk appetite improved due to a possible de-escalation of US-China tensions and US President Donald Trumps statement that he doesnt plan to fire Fed

    WikiFX
    2025-04-24 09:23
    Market Analysis for Today

    NewsMarket Analysis for Today

    Gold price retreats after hitting a record high at $3,500, but traders booking profits and improving risk appetite send the Bullion drifting lower, although US Treasury yields drop. At the time of wri

    WikiFX
    2025-04-23 09:19
    Market Analysis for Today

    NewsMarket Analysis for Today

    Gold price begins the week on a higher note, gaining over 2.56% and refreshing a previous record high as the precious metal hits $3,430 on uncertainty about comments that threat to curtail the Federal

    WikiFX
    2025-04-22 09:11
    Market Analysis for Today

    User Reviews

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    User comment

    66

    Comments

    Write a review

    #soolike 黑平台一个,还没被欺骗的赶紧出金试试,后台可以删除交易记录然后现在官网都不给登录了,账户都被改密码了
    #soolike 黑平台一个,还没被欺骗的赶紧出金试试,后台可以删除交易记录然后现在官网都不给登录了,账户都被改密码了
    Translate to English
    2026-01-02 10:37
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    FX2611891144
    0-3months
    soolike平台的代理员(徐恒)(小黄)于于24年底以平台活动入金赠金等活动诱导我在这个平台开户,我于25年多次申请出金被以各种理由不给出金,最后于25年12月6日把我的后台账户也给删除了,联系方式也删除了
    soolike平台的代理员(徐恒)(小黄)于于24年底以平台活动入金赠金等活动诱导我在这个平台开户,我于25年多次申请出金被以各种理由不给出金,最后于25年12月6日把我的后台账户也给删除了,联系方式也删除了
    Translate to English
    2025-12-30 12:06
    Reply
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    96