Solidinvesting-Overview of Minimum Deposit, Spreads & Leverage

General Information

Solidinvesting is allegedly a broker based in Saint Vincent and the Grenadines that provides its clients with the worlds most popular MetaTrder5 trading platform, leverage up to 1:300, variable spreads on various tradable assets, as well as a choice of three different account types.

Market Instruments

Solidinvesting advertises that it mainly offers three different kinds of trading instruments in financial markets, including forex currency pairs, commodities, and indexes.

Account Types

There are three live trading accounts offered by Solidinvesting, apart from demo accounts, namely Starter, Intermediate and Expert.

Leverage

Traders holding different account types can experience quite different maximum leverage ratios. Clients on the Starter account can experience the leverage of 1:100, the Intermediate account with the leverage of up to 1:200, while the Expert account can enjoy the maximum leverage as high as 1:300. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads and commissions are influenced by what type of accounts traders are holding. Solidinvesting reveals that the spreads in the Starter account start from 0 pips with no commission, the clients on the Intermediate account enjoy spreads from 0.3 pips with a commission of €15/million, while the Expert account with spreads from 1.3 pips and a commission of €23.5/million. To be more specific, as we tested on the MT5 trading platform, the spread for EUR/USD pair was floating around 0.4 pips.

Trading Platform Available

When it comes to trading platforms available,Solidinvesting gives traders the worlds most widely-used MetaTrader5 platform. MetaTrader5 is known as one of the most successful, efficient, and competent forex trading software.

Deposit & Withdrawal

Solidinvesting accepts deposits and withdrawals via credit cards, wire transfers and e-payments. The minimum deposit amount is $250, while the minimum withdrawal is $250 for bank transfers and $100 for the rest of the methods. Also, the broker does charges some withdrawal fees. A commission of 10% will be taken out of all withdrawals made before one completes a turnover of the invested funds of at least 200x. For instance, it will charge a $35 withdrawal fee for cards, $50 for wire transfers and $25 for e-payments. As for the processing time of withdrawal requests, withdrawals usually can be processed within 24 hours.

Customer Support

Solidinvesting‘s customer support can be reached only by email: support@solidinvesting.io. Company address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown. However, this broker doesn’t disclose other more direct contact information like telephone numbers while most brokers offer.