SOLVERTRADE

About company:

Solver Trade offers Forex and CFD trading on the MetaTrader4 terminal.

 

Fund security

Solver Trade Ltd is an officially registered company regulated by the International Business Companies Act. The broker is registered in the offshore jurisdiction of Belize. This is a favorite and popular place for many dealerships, as they have a more loyal registration procedure and a simplified tax regime. Thus, it is not difficult to open a company in Belize. It's even enough to have your own virtual office for this.

 

The company does not tell about the history of its formation. Therefore, the trading history of Solver Trade remains a mystery.

 

We advise traders to think carefully before opening an account with an offshore broker, especially if you are planning to invest a large amount of money.

 

Trading conditions

Traders can choose from three real accounts: Standard, Mini and VIP. Forex and CFDs are trading instruments on all accounts. You can also open a demo account and try out trading with this broker.

 

Minimum deposit

Trading with a broker starts with a $ 1 deposit. This amount is too small to make good money on Forex. Nevertheless, this is a good start for newbies who are just learning to trade.

 

To open a VIP account, you need to deposit at least $ 1000.

 

Spreads and commissions

Spreads start from 0 pips on a VIP account. On other accounts with instant trading, spreads are fixed and start from 2 pips. Overall, 2 pips is not the highest bid, but brokers with lower spreads can be found. We recommend that you familiarize yourself with our rating.

 

In addition, one must not forget that for clients from Russia, income from working on Forex is taxed on personal income in the amount of 13%.

 

Leverage

Leverage starts at 1:10 and can go up to 1: 500. The broker lures traders by saying that with $ 2 they can make deals for $ 1000. We warn traders that high leverage brings not only high profits, but also high losses. Many financial regulators now prohibit brokers from using leverage above 1:50. You need to be able to objectively assess the market situation.

 

Trading platforms

Solver Trade was no exception and offered traders the MetaTrader4 platform. Well, this is an excellent choice, since the terminal is the most popular all over the world due to its intuitive interface, charts, advisors, analytical tools. By the way, it is very convenient that you can use ready-made algorithms for trading or create your own.

 

MT4 developer MetaQuotes is now encouraging traders to migrate to the next generation MT5 terminal, and in this regard has announced that it will no longer release updates for MT4.

 

We advise you to pay attention to those brokers that offer trading on both terminals.

 

Solver Trade has only a demo version of MetaTrader5.

 

Significant services

The broker does not have swap-free accounts, MAM and PAMM accounts. Of the useful services Solver Trade is the Forex market calendar.

 

Also, each client who opens an account with the company receives deposit bonuses from 10% to 100%.

 

Support service

One has to look for contact information on the broker's page, while on the websites of other dealerships they try to make contacts more visible to traders.

 

When we did manage to find ways of communication, we were disappointed to see the possible options. You can only contact the broker via email. I must say that this is somewhat alarming for an offshore broker.

 

The site is available in two language versions: Russian and English.

 

Ways of payment

Funding methods: currency bank transfer (minimum replenishment amount $ 100); WebMoney (minimum deposit amount - 10WMZ).

 

Thus, you will not be able to start trading with a minimum deposit of $ 1.

 

Criticism of traders

There are few reviews about Solver Trade on the Internet. Of the few feedbacks, the main complaints are related to the withdrawal of money.

 

Once again, we advise traders to think carefully before trading with a broker.

 

Pros:

 

demo account; MT4.

 

Minuses:

 

offshore broker; few ways to deposit funds; contact support via email only; not regulated.