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SOOLIKE -

Score

2.02 /10
Danger

SOOLIKE

South Africa

1-2 years

Regulated in South Africa

Financial Service Corporate

MT5 Full License

Regional Brokers

Suspicious Overrun

High potential risk

https://soolike.com/en

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index3.51

Business Index5.13

Risk Management Index0.00

Software Index9.02

License Index0.00

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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

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  • 85223194358

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2025-08-01
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 53244)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Survey

Danger

SOOLIKE

South Africa

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

The platform didn't give me the commission account for trading and deleted my commission account, trade execution is sluggish.

They promised that I had several thousand in commission rebate account, and after complaining for more than half a year, all they did was keep saying they were checking. I got nothing in the end. They said they would give me a gift when the trading volume reached, but they didn't. The trade execution is very slow, takes half a day. During this time, orders were suddenly placed, leading to a loss of several thousand. After much complaining, they didn't pay any attention, saying that I placed the orders myself, showing the IP. I told them to look at the report, the times didn't even match. They insisted that I placed the order. Then I sent the snapshot of the order history. Several days later, they said they returned the money, making me feel terrible. Then my account blew up, they didn't even apology............... Absolutely a rubbish broker.

GONGCHEN3149
2025-06-24 20:05
Others

Commission rebate account has been closed.

The promised commission rebate account should have thousands. I have been complaining for over half a year, and all they say is they are checking. In the end, it's all delays. They promised gifts for reaching a certain trading volume, but they never delivered. The conclusion is absurd. The execution is very slow, taking half a day to complete a trade. I was suddenly placed with a losing order of thousands. I complained for a long time but was ignored. They claimed that the order was placed by me as the IP showed. I said to check the report, the timing didn’t match. They insisted I placed the order. Later, after I sent a screenshot of the order history, they said a few days later that the money was refunded to me. It was a terrible experience, and then I was liquidated. Not a single apology was given... This is absolutely a trash broker. Don't be fooled by small benefits. Those who pulled you in are also useless. Once you are in trouble, they kick you out of the group...

GONGCHEN3149
2025-06-17 22:23
Scam

They promised a "deposit $500, get $500" deal, and mentioned some algorithmic system.

They promised a "deposit $500, get $500" deal, and mentioned some algorithmic system. After I deposited $500, they didn't give the promised $500 bonus. The next day, my account blew up. I thought the bonus could help me recover losses or even make some profit, but they kept delaying it. Only after I threatened to expose them did the bonus finally arrive. By then, they claimed my principal was lost and I couldn't trade to avoid risking their bonus money. Everyone knows that such bonuses are just numbers entered by the platform. I'm very upset and have decided to expose this platform. If you make profits, they might not let you withdraw them, always finding excuses. Such a terrible platform shouldn't be used. If you're an existing customer, withdraw your funds quickly. There are much better platforms than this trashy Soolike platform. Don't be tempted by cheap offers or fanciful algorithm trading promises. It's a rubbish platform and I'm going to expose it on other media too. Switch platforms fast or they might just abscond with your money.

FX2720018848
2025-03-04 14:57
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
MT5✔Desktop, 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
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User Reviews

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User comment

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Comments

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FX1998511453
0-3months
此平台给客户推荐策略为诱饵，要客户入金后以各种理由不出金，业务员不回复信息，给客户爆仓，入金后不出金的资金盘。
此平台给客户推荐策略为诱饵，要客户入金后以各种理由不出金，业务员不回复信息，给客户爆仓，入金后不出金的资金盘。
Translate to English
2025-07-13 22:15
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0
0
彬彬有立
more than one year
4月初在该平台入金3000，获得400赠金，平台要求45天内完成21手后就能转换赠金。本人在6月中旬完成要求后申请把赠金转换成本金，该平台一直拖到7月11号都没有完成赠金转换，因此也不能出金剩余本金。在7月8号平台客服承诺7月11号完成赠金转换，可我在7月11号当天却收到平台邮件说我之前的交易存在恶意刷单剥头皮，赠金不给予转换甚至有冻结账号可能，本人给平台发邮件问询哪天的哪单存在违规，平台也不给予回复，此平台吃香非常难看一拖再拖就是不给出金！
4月初在该平台入金3000，获得400赠金，平台要求45天内完成21手后就能转换赠金。本人在6月中旬完成要求后申请把赠金转换成本金，该平台一直拖到7月11号都没有完成赠金转换，因此也不能出金剩余本金。在7月8号平台客服承诺7月11号完成赠金转换，可我在7月11号当天却收到平台邮件说我之前的交易存在恶意刷单剥头皮，赠金不给予转换甚至有冻结账号可能，本人给平台发邮件问询哪天的哪单存在违规，平台也不给予回复，此平台吃香非常难看一拖再拖就是不给出金！
Translate to English
2025-07-11 17:53
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0
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3