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If you are looking for a reliable and trustworthy online broker, you might have come across solutionsmarkets.co. This is a website that claims to offer various trading services, such as forex, stocks, commodities, indices, and cryptocurrencies. But is solutionsmarkets.co a legit broker or a scam? In this blog post, we will try to answer this question by looking at some of the features, advantages, and disadvantages of solutionsmarkets.co.
First of all, let’s talk about the regulation and security of solutionsmarkets.co. According to their website, solutionsmarkets.co is owned and operated by Solutions Markets LLC, a company registered in St. Vincent and the Grenadines. However, this does not mean that solutionsmarkets.co is regulated by any reputable authority. In fact, St. Vincent and the Grenadines is known as a jurisdiction that does not regulate or supervise online brokers. This means that solutionsmarkets.co is not subject to any rules or standards that protect the interests and funds of traders. Moreover, solutionsmarkets.co does not provide any information about their security measures, such as encryption, segregation of funds, or compensation schemes. Therefore, if you decide to trade with solutionsmarkets.co, you are taking a high risk of losing your money to fraud or hacking.
Secondly, let’s look at the trading conditions and platforms of solutionsmarkets.co. The website claims to offer four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is $250, which is quite high compared to other brokers. The spreads and commissions are also very high, ranging from 3 pips to 7 pips for major currency pairs. The leverage is up to 1:400, which is very risky and can lead to significant losses. The website also claims to offer a web-based trading platform and a mobile app, but we could not find any screenshots or details about them. The website does not mention anything about the trading instruments, indicators, tools, or features that the platform offers. Therefore, we cannot verify the quality or functionality of the trading platform of solutionsmarkets.co.
Thirdly, let’s examine the customer service and support of solutionsmarkets.co. The website provides a phone number and an email address as the only means of contact. There is no live chat option or any other way to reach the customer support team. The website also does not have a FAQ section or any educational resources for traders. The website is available in English only, which limits its accessibility for non-English speakers. Therefore, if you have any questions or issues with solutionsmarkets.co, you might have a hard time getting a response or a solution.
In conclusion, we do not recommend trading with solutionsmarkets.co. This broker is not regulated by any reputable authority and does not provide any security or transparency for its clients. The trading conditions and platforms are very unfavorable and unclear. The customer service and support are very poor and unresponsive. Therefore, we advise you to stay away from solutionsmarkets.co and look for a more reliable and trustworthy online broker.
What to Do If You’ve Lost Money with solutionsmarkets.co?
If you have been scammed by solutionsmarkets.co 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.