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Solid Trader
Operating status: SCAM
Broker violations and abnormal records
On January 7, 2025, the Financial Conduct Authority (FCA) issued a warning against Solid Trader, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/solid-trader-solid-tradercom
On January 7, 2025, the Financial Conduct Authority (FCA) issued a warning against Solid Trader, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/solid-trader-solid-tradercomSolid Trader seems to have emerged recently, with its domain name just registered in August 2024. While Solid Trader lists names of several financial regulators to appear legitimate and regulated, it doesn't provide any valid licensing information to back up those claims. This is a warning sign. In addition, the Financial Conduct Authority (FCA) has issued a warning about Solid Trader for carrying on unauthorized financial activities.
In essence, Solid Trader is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Solid Trader appears to be a scam.
Solid Trader seems to have emerged recently, with its domain name just registered in August 2024. While Solid Trader lists names of several financial regulators to appear legitimate and regulated, it doesn't provide any valid licensing information to back up those claims. This is a warning sign. In addition, the Financial Conduct Authority (FCA) has issued a warning about Solid Trader for carrying on unauthorized financial activities. In essence, Solid Trader is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Solid Trader appears to be a scam.Following the Financial Conduct Authority (FCA)'s detection of its fraudulent activities, Solid Trader shut down its original website, solid-trader.com, and reemerged under a new domain, solid-trader.net. In response, the FCA updated its warning to alert the public to this development.
Following the Financial Conduct Authority (FCA)'s detection of its fraudulent activities, Solid Trader shut down its original website, solid-trader.com, and reemerged under a new domain, solid-trader.net. In response, the FCA updated its warning to alert the public to this development.
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