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SOOLIKE -

Score

2.03 /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 4

Exposure

Open Account
Website

Score

Regulatory Index3.51

Business Index5.24

Risk Management Index0.00

Software Index9.02

License Index0.00

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

Licenses

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

Single Core

1G

40G

open now

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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WhatsApp

  • +852 2319 4358

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2025-09-13
  • 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

4 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
Others

Account suspected of being compromised

1. 2025-07-17 20:45 Unable to log in to Soolike account, suspected of being hacked due to internet disconnection 2. 2025.07.17 15:43:05 "Rebalancing Points" = 30 points, not reaching the 400-point threshold, initiating rebalancing. See sheet 0707 for normal rebalancing records. 3. 2025.07.17 15:43:05 Gold was trading at approximately 3316, but a long order was executed at 3327.81. Obvious Slippage Slippage Compensation Mechanism Liability Determination: If slippage is caused by a broker's system failure or insufficient liquidity, you can apply for spread compensation or a refund of trading points. Regulatory Complaint: If negotiations with the broker are unsuccessful, you may file a complaint with regulatory agencies such as the FCA and CFTC. 4. After 3:44:21 PM, all three orders showed profits of 112 to 219, which clearly do not match the EA parameters. The second and fourth points indicate "obvious signs of manipulation." This is because the EA parameters used are clearly inconsistent. The EA parameters are as follows. After reporting this to Sooike customer service, they claimed it was an EA distortion issue. They were unable to provide any evidence of suspected account compromise. SooLike Capital Markets Contact Information alex.elia@soolike.com https://www.soolike.com

KIA Yeh
2025-08-04 19:13
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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跳伞
more than one year
本人7.14日入金2642.7，先后用他们的EA交易了2次，发现他们的EA有问题，开始出金，先后用各种理由要你提供各种证明，（证明你的收入来源，收入合法性）等。在8月6日，出金到账1200到账，剩下1302.96，中间还多次让你介绍其他人开户，用各种理由拖延时间。通过第三方平台曝光，不要让更多的投资者入坑。谢谢。（所有证明聊天记录和账户我都有截图）
本人7.14日入金2642.7，先后用他们的EA交易了2次，发现他们的EA有问题，开始出金，先后用各种理由要你提供各种证明，（证明你的收入来源，收入合法性）等。在8月6日，出金到账1200到账，剩下1302.96，中间还多次让你介绍其他人开户，用各种理由拖延时间。通过第三方平台曝光，不要让更多的投资者入坑。谢谢。（所有证明聊天记录和账户我都有截图）
Translate to English
2025-09-12 16:47
Reply
0
0
FX9474658522
0-3months
本人是8.26号开户入了29800元的账号4000刀，8.28号又入了3000的usdt，在9.4号那天行情波动大，把挣的和我的本金都亏了，只剩下5695刀，我觉得风险太大了我要出金结果平台拒绝我，说我通过他们平台套现活动，通过他们平台洗钱，就是各种借口就是不给我出金，平台让我提供身份证明住址证明，收入证明，工作证明，银行卡流水，各种证明，对于这样的平台我对他们没有什么可信度了，我把我的证明也提交给了警察叔叔，希望合大监管部门能帮我处理一下出金
本人是8.26号开户入了29800元的账号4000刀，8.28号又入了3000的usdt，在9.4号那天行情波动大，把挣的和我的本金都亏了，只剩下5695刀，我觉得风险太大了我要出金结果平台拒绝我，说我通过他们平台套现活动，通过他们平台洗钱，就是各种借口就是不给我出金，平台让我提供身份证明住址证明，收入证明，工作证明，银行卡流水，各种证明，对于这样的平台我对他们没有什么可信度了，我把我的证明也提交给了警察叔叔，希望合大监管部门能帮我处理一下出金
Translate to English
+3
2025-09-12 07:04
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