Solace Equity Forum is a CFD broker whose official website domain was registered on April 16, 2024. The broker primarily provides investment services for trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services to countries or regions where doing so may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on Solace Equity Forum's website (solaceequityforum.com), the broker was established in 2016 and is regulated by the Australian Securities and Investments Commission (ASIC). Beyond this, the broker has not disclosed detailed company registration information or regulatory details.
Upon investigation, no company named "Solace Equity Forum" was found to be regulated by the Australian Securities and Investments Commission (ASIC).
Therefore, Solace Equity Forum (solaceequityforum.com) is essentially a scam broker website with no company entity or regulatory oversight.
Account Opening Process
The account opening process for Solace Equity Forum trading accounts involves visiting the broker's website, clicking "Open Account" on the homepage or "SIGN UP" at the top right corner of the page, filling out personal information such as name and email, setting a login password, and submitting the form. Once the account is verified, registration is complete.
Trading Instruments:
Solace Equity Forum offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the overall performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities, with high leverage enhancing potential gains.
- Commodities: Commodity trading covers essential global market resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to profit from the price movements and dividends of public companies without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
Solace Equity Forum offers four types of investment plans: STARTER, PREMIUM, VIP MEMBERSHIP, and FOREX SIGNAL SUBSCRIPTION.
STARTER:
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
PREMIUM:
- Minimum deposit: $1,500
- Minimum expected profit: $10,500
- Maximum expected profit: $15,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
VIP MEMBERSHIP:
- Minimum deposit: $5,000
- Minimum expected profit: $15,000
- Full suite of benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNAL SUBSCRIPTION:
- Minimum deposit: $20,000
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use with any broker
Trading Platform
Solace Equity Forum provides a proprietary trading platform, claiming an average order execution speed of under 7.12 milliseconds, with over 12,000 orders executed per second.
Deposits and Withdrawals
Solace Equity Forum supports deposits and withdrawals via credit/debit cards, bank wire transfers, and cryptocurrencies.
Conclusion:
Traderknows reminds investors that Solace Equity Forum is a fraudulent broker that lures investors with promises of high returns. In reality, this website has no corporate entity or regulatory oversight. Investors are advised to choose brokers that are transparent, well-regulated, and reputable to avoid financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
