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USDJPY is also a highly liquid currency pair, which means it is easy to enter and exit trades quickly and at favorable prices. This has helped me take advantage of short-term market movements and capture potential profits. I have experienced a trading revolution since transitioning to ECN forex trading at Solid https://www.xcritical.com/ ECN. The raw spreads and advanced trading tools provide a highly favorable environment for me to trade in. I had some issues with my deposit not reflecting in my account. The customer support team was responsive and sorted it out within a few hours.
Solidecn review; spreads and trading conditions
People who write reviews have solid ecn ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Solid ECN is a non-dealing desk broker, meaning that we do not carry on order flow to market makers. Rather, we match participants in a trade electronically and pass the orders to liquidity providers. As a true ECN broker, we facilitate trades for engaged investors across the ECN. This means that you can withdraw via card only the sum of your deposit.
- Trading forex is not easy, but I think I am getting better)) while using all the technical and fundamental tools that Solidecn makes available.
- Currently, the broker does not have any restricted county list on its website.
- Solid ECN is a forex broker that offers online forex and CFD trading services.
- It’s been working out as a smart move in my trading strategy.
Side steping that swap after 7 days
Based on my experience, I wholeheartedly recommend this broker to others who want to avoid the issues I faced. I wouldn’t call this broker’s spreads wide, but they’re not the tightest either, especially in their newbie account, which I’ve moved on from. The raw spread account suits me as a day trader, perfect for scalping. Quick execution and same-day withdrawals add to the day trading excitement. Nevertheless, their real innovation lies in introducing nano lot trading, a significant advantage for beginners with modest account sizes. With just $10, you can trade with a 0.002 lot size, allowing for meaningful participation in the market.
Solid ECN Account Types: A Guide for Traders and Investors 2024
The verification process was quick, and I was able to deposit funds and start trading within the same day. In conclusion, Solid ECN is a broker that traders should be approached with some caution, given that it is completely unregulated. This means that there is no government agency to turn to in the event the broker goes under, or if any other type of problem should happen. They offer many stock CFDs, but it’s primarily a forex broker for high leverage trading. I think the 7 days of swap-free trading on ECN conditions at SolidECN is the best feature for me. While I do encounter a slight spread of 6.8 pips on USDJPY, it pales in comparison to the overnight swap charges I’d otherwise face.
Why Do US Citizens Use Offshore Brokers Like Solid ECN?
If you are looking for reviews, I’d say go to Forexpeacearmy. If you are looking for good recommendation, I would say you should use a broker that has been operating for more than 3 or 4 years at least. I use Forexchief, more than 2 years experience now and it has been rock solid; spreads very tight. Tight commissions and low overnight fees, recommend. It’s possible to use crypto wallets, fast withdrawals.
Withdrawals to the bitcoin wallet can take from a few minutes to a couple of days since all bitcoin transactions worldwide are processed altogether. The more people request transfers at the same moment, the more the transfer takes time. Tight spreads, true ecn, crypto withdrawal are accepted, kyc verificiation is easy for people. I’m quite pleased with my recent decision to sign up with SolidEcn. Their customer service is always on top of things and the bonuses that they offer are an added bonus!
Indeed we have topics in the popular forex forums. I suggest googling “solidecn” or “solidecn review”. I’ve been with SolidECN for over a year, and I’ve got to say, it’s been a good experience.
For any issues that require customer service, Solid ECN can be reached via a US phone number, email or live chat. Unfortunately, no information about working hours for the support team has been published by the broker. I’m a scalper, and SolidECN’s low spreads and fast execution are exactly what I need. The platform is stable even during volatile market conditions, which is crucial for my trading style. If your balance has become less than your total card deposit amount during the trading, don’t worry – you still will be able to withdraw your funds. In this case, one of your card deposits will be refunded partially.
I have been trading for years now and never have I seen a broker offer such awesome bonuses. I highly recommend signing up with solid dang good broker. I’ve got to give props to SolidECN for their awesome range of withdrawal options. I’ve cashed out using USDT, Dogecoin, and even Perfect Money. It’s super practical and caters to different preferences.
I’ve chosen standard account to avoid high comission and pay a bit more for spreads. The spreads are tight, usually around 0.2 pips for major pairs. Fast verification process and no deposit fee are big pluses. Somehow, remember that different instrument has different trading conditions.
Solid ECN accepts clients from all over the world, excluding some jurisdictions where restrictions apply. This broker has also been regulated by SVGFSA 1390 LLC 2021. At this stage, if 2760 is passed above, 2800 can be targeted. We are watching short up and down fluctuations in the parity. From a technical perspective, as long as 1.31 is not exceeded, we expect… On a global basis, especially in the US, very busy days await us.
It can onboard clients from anywhere in the world. Currently, the broker does not have any restricted county list on its website. So it accepts clients from all over the world. I started trading with solidecn mt5 micro account. After I ran a few tests on their micro account. They have a $3 commission per lot on the ECN account which helps me to save lots of money as a scalper.
Feel free to ask anything about our company or trading conditions. It can hard to demonstrate the spreads when we offer +250 trading instruments. Perhaps we can add the spreads of the most popular trading instrument to our home page. I don’t trade with them personally and I’m trying to look up some reviews here on the forums but I can’t seem to find any.