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Soltehx.com is a forex and CFD broker that claims to offer a wide range of trading instruments, including currencies, stocks, indices, commodities, and cryptocurrencies. The broker also claims to provide a user-friendly trading platform, competitive spreads, fast execution, and excellent customer support. But is Soltehx.com a reliable and trustworthy broker? In this review, we will examine the features, advantages, and disadvantages of Soltehx.com and help you decide if it is worth investing with them.
Regulation and Security
One of the most important factors to consider when choosing a broker is their regulatory status. A regulated broker is required to follow strict rules and standards that protect the interests and funds of their clients. A regulated broker also has to undergo regular audits and provide transparent information about their services and fees.
Soltehx.com is owned and operated by Soltehx Ltd, a company registered in St. Vincent and the Grenadines. However, the broker does not provide any information about its license or regulation on its website. This means that Soltehx.com is an unregulated broker that operates without any oversight or supervision from any reputable authority. This poses a high risk for traders who may face issues such as price manipulation, hidden fees, poor execution, or even withdrawal problems.
Moreover, Soltehx.com does not offer any security measures to protect the funds and data of its clients. The broker does not use SSL encryption, segregated accounts, or negative balance protection. This means that the clients’ personal and financial information may be exposed to hackers or third parties, and their funds may be mixed with the broker’s own money or used for other purposes. Additionally, the clients may lose more money than they deposited in case of extreme market volatility or margin calls.
Trading Platform and Conditions
Soltehx.com claims to offer a proprietary web-based trading platform that is compatible with any device and browser. The platform is supposed to have a simple and intuitive interface, advanced charting tools, multiple order types, and various indicators and technical analysis tools. However, we were not able to access or test the platform as the broker requires a minimum deposit of $250 to open an account. This is a very high amount for a demo account and suggests that the broker is not confident about its platform or services.
Furthermore, Soltehx.com does not provide any information about its trading conditions on its website. The broker does not disclose its spreads, commissions, leverage, margin requirements, swap rates, or other fees. This makes it impossible for traders to compare the costs and benefits of trading with Soltehx.com with other brokers. The lack of transparency also indicates that the broker may charge hidden fees or change its conditions without prior notice.
Soltehx.com claims to offer over 200 trading instruments across various asset classes, such as forex, stocks, indices, commodities, and cryptocurrencies. However, the broker does not provide any details about the specific instruments or their specifications on its website. The broker also does not offer any educational or research materials to help traders learn about the markets or improve their skills.
Soltehx.com claims to have a professional and responsive customer support team that is available 24/7 via phone, email, or live chat. However, we were not able to reach anyone from the support team when we tried to contact them via live chat or email. The phone number provided by the broker is also invalid and does not connect to anyone. This suggests that the broker does not care about its clients or their satisfaction.
Based on our research and analysis, we conclude that Soltehx.com is an unregulated and unreliable broker that should be avoided by all traders. The broker does not provide any information about its license, regulation, security, trading platform, conditions, instruments, or customer support on its website. The broker also requires a high minimum deposit to open an account and does not offer any demo account or educational resources. The broker may be involved in fraudulent or scam activities that may harm the interests and funds of its clients.
Therefore, we advise you to stay away from Soltehx.com and look for a regulated and reputable broker that offers transparent and fair services and conditions.
What to Do If You’ve Lost Money with Soltehx.com?
If you have been scammed by Soltehx.com or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.