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Solidary Prime Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-11 15:13

Abstract：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.

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	✔	Minimum lot sizeFrom 0.01 Flexible optionsFunding and withdrawal No trading restrictions Order executionIn a few milliseconds	Traders seeking flexibility and efficient execution.
Social Trading	✔	Diversify your operations Learn while you invest Generate a community Saves time and effort	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
Email	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.