Solidary Prime Information
Solidary Prime is a relatively new online trading platform established in New Zealand, providing a variety of financial products for trading. The biggest advantage of this platform is its low transaction fees, especially the spread, which is very attractive to high-frequency traders. However, the biggest disadvantage of Solidarity Prime is its lack of regulation. This could put your investment at risk.
Pros and Cons
Is Solidary Prime Legit?
Solidary Prime is not regulated by any regulatory authorities. Although they claim registered in Seychelles with a registration number 8433877-1 holder of an FSA license with number SD180 and registered address at Office 9, Neenu's Building, Providence, Mahe, Seychelles. Its regulatory information cannot be found on the websites of FSA.
What Can I Trade on Solidary Prime?
Solidary Prime provides a variety of financial products, including forex, metals, stocks and raw materials, with more than 61 pairs of trading varieties. And provides dedicated VPS.
Account Type
Solidary Prime offers four account types with varying commission structures and spread rates, all featuring leverage up to 1:200 and the ability to trade a wide range of financial instruments.And Solidary Prime also provides demo accounts.
Solidary Prime Fees
The fees of Solidary Prime is more competitive than the industry.
Trading Fees
Solidary Prime's commission fees vary by account type, ranging from $0 to $3.95 per lot. Spread starts with 0 pips.
Trading Platform
Deposit and Withdrawal
The minimum deposit to start trading with Solidary Prime is $10.
Deposit Options
Withdrawal Options
Customer Service
Solidary Prime offers customer support in English and Spanish. While Solidary Prime's customer service options are quite limited. You can only reach them via contact form and online chat.
The Bottom Line
Solidary Prime offers a competitive trading environment with low fees and a user-friendly platform. However, the lack of regulation by major financial authorities raises a red flag about the safety of your funds. If regulation is not a major problem, Solidary Prime can be suitable for experienced traders acceptable with a proprietary platform and limited customer support.
FAQs
Is Solidary Prime a safe trading platform?
No, Solidary Prime is a very young broker (established in 2023) that is not regulated by any major financial agencies, so utilizing it bears some risk.
Is Solidary Prime a suitable broker for beginners?
While Solidary Prime provides a user-friendly platform, the lack of regulation and insufficient customer assistance make it difficult for newcomers.
Is Solidary Prime good for day trading?
Solidary Prime might be suitable for day trading due to its competitive fees and access to a variety of financial instruments.
