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Solver Trade
Saint Vincent and the Grenadines|5-10 years| http://www.solvertrade.com/en/home/
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Solvertrade LTD.
Solver Trade
Saint Vincent and the Grenadines
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
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Solver Trade · Company Summary
| Aspect | Information |
| Registered Country/Area | Saint Vincent and the Grenadines |
| Founded Year | 2019 |
| Company Name | Solvertrade LTD |
| Regulation | Not Regulated |
| Minimum Deposit | 0 USD/EUR/GLD/RUB (nano.mt4 account) |
| Maximum Leverage | Up to 1:500 |
| Spreads | Varies (0.2 to 4 points for Forex) |
| Trading Platforms | MT4, MT5, Depth of Market |
| Tradable Assets | Forex, Raw Materials, Indices, Stocks, Cryptocurrencies |
| Account Types | nano.mt4, standard.mt4 |
| Demo Account | Available |
| Islamic Account | Available |
| Customer Support | Email-based (Multiple addresses) |
| Payment Methods | Bank Transfer, Visa, MasterCard, WebMoney, etc. |
| Educational Tools | Articles, FAQs, Guides, Demo Account, Library |
Overview
Solvertrade LTD, founded in 2019 and based in Saint Vincent and the Grenadines, operates without regulation. It offers two account types: nano.mt4 and standard.mt4, with a minimum deposit of 0 USD/EUR/GLD/RUB for the nano.mt4 account. The platform provides maximum leverage up to 1:500 and variable spreads for Forex trading. It features trading platforms such as MT4, MT5, and Depth of Market, and allows trading in assets like Forex, raw materials, indices, stocks, and cryptocurrencies. Solvertrade also offers a demo account and an Islamic account option. Customer support is primarily email-based, and payment methods include bank transfers, Visa, MasterCard, WebMoney, among others. Educational tools available include articles, FAQs, guides, and a library.
Regulation
Solver Trade operates as a financial entity that is not regulated as a broker. This distinction is significant as it implies that Solver Trade may not be subject to the same oversight and regulatory requirements that traditional brokerage firms typically adhere to. Investors should exercise caution and conduct thorough due diligence before engaging with Solver Trade or any similar financial platform. The absence of regulatory oversight can impact investor protection and the level of transparency in financial transactions.
Pros and Cons
Solver Trade's advantages include a variety of trading platforms like MT4 and MT5, a broad range of market instruments, and diverse educational resources. However, it's not a regulated broker, which may raise concerns regarding oversight and investor protection. The platform offers a range of deposit and withdrawal methods, but these come with varying costs that traders need to consider.
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Market Instruments
Solver Trade offers a diverse range of trading products to cater to various investment preferences. These products include:
Forex Trading: Solver Trade provides access to the foreign exchange market, allowing traders to engage in forex trading. With more than 50 currency pairs available, investors can speculate on the price movements of major and minor currency pairs, taking advantage of fluctuations in exchange rates.
Trade of Raw Materials: Solver Trade offers opportunities to trade in raw materials, including precious metals like gold, as well as energy commodities such as Brent oil and WTI (West Texas Intermediate) crude oil. This allows traders to participate in the commodities market and potentially profit from price fluctuations in these essential resources.
Index Trading: The platform facilitates trading in 15 major indices from around the world. Traders can speculate on the performance of these indices, which represent the overall market trends of specific regions or sectors. This offers diversification and the ability to invest in broader market movements.
Stock Trading: Solver Trade provides access to a selection of more than 50 companies' stocks. This feature enables traders to invest in individual stocks, potentially benefiting from the growth or decline of specific companies within various industries and markets.
Cryptocurrency Trading: Solver Trade offers cryptocurrency trading, allowing users to buy and sell digital currencies like Bitcoin and Litecoin. Cryptocurrency trading provides opportunities to profit from the volatility of these digital assets, which have gained significant popularity in recent years.
With its wide array of trading products, Solver Trade caters to traders and investors seeking exposure to various financial markets, from traditional assets like stocks and commodities to modern options like cryptocurrencies and forex pairs. It's essential for users to conduct thorough research, manage risk, and employ sound trading strategies when engaging in any of these markets to make informed investment decisions.
Account Types
Solver Trade offers two distinct account types, each catering to different trading preferences:
nano.mt4 Account:
Deposit Currency: USC (USD cents) or EUC (EUR cents)
Trading Platform: MetaTrader 4
Minimum Deposit: 0 USD/EUR/GLD/RUB
Leverage: Up to 1:500
Instruments: This account type provides access to 33 currency pairs, 2 precious metals (metals), and no specific information is provided regarding Forex instruments. The use of cents as the deposit currency allows for smaller trade sizes and risk management.
standard.mt4 Account:
Deposit Currency: USD, EUR, GLD (Gold), RUB
Trading Platform: MetaTrader 4
Minimum Deposit: The minimum deposit requirement for this account type is not specified.
Leverage: The leverage available for this account type is not specified.
Instruments: While the deposit currency options are broader, no specific details are provided regarding the number of instruments available for trading with this account.
In addition to the live trading accounts, Solver Trade also offers a demo account. This demo account provides traders with a risk-free environment to practice their strategies, get acquainted with the trading platform, and gain valuable experience in simulated market conditions. It's a valuable tool for both beginners looking to learn the ropes and experienced traders testing new strategies before transitioning to live trading.
It's essential for potential traders to thoroughly review the terms and conditions associated with each account type, including leverage, spreads, and any additional features offered by Solver Trade. These details can significantly impact a trader's strategy and overall trading experience.
Leverage
This broker offers a maximum trading leverage of up to 1:500. Leverage is a financial tool that allows traders to control a larger position size with a relatively smaller amount of capital. In the case of Solver Trade, the maximum leverage of 1:500 means that for every unit of capital deposited, traders can potentially control a position that is 500 times larger. While higher leverage can amplify potential profits, it also increases the level of risk, and traders should exercise caution and have a sound risk management strategy in place when using such high leverage.
Spreads and Commissions
Solver Trade offers a variety of trading instruments across different asset classes, each with its own spreads and potential commissions. Below is a summary of the spreads and swap rates (also known as overnight financing or rollover rates) for different trading instruments:
Forex Pairs:
The minimum spreads for most forex pairs are quite competitive, ranging from 0.2 to 4 points.
The minimum price change (pip size) varies by pair, with values typically ranging from 0.00001 to 0.001.
Swap rates (Swap Short and Swap Long) are provided in points for each currency pair, with values ranging from negative figures to accommodate short positions to slightly positive figures for long positions.
Metals:
For spot silver (XAGUSD), the minimum spread is 0.2 points, and the minimum price change is 0.001.
For spot gold (XAUUSD), the minimum spread is 4 points, and the minimum price change is 0.01.
Swap rates for metals are also listed in points for short and long positions.
Indices:
Various stock indices, such as ASX200, CAC40, DAX30, FTSE100, and more, have minimum spreads of 0.1 points.
The minimum price change for indices varies but is typically set at 0.1.
Swap rates for indices are listed in points for short and long positions.
Commodities and Cryptocurrencies:
Instruments like Brent crude oil (BRN), Bitcoin (BTCUSD), Ethereum (ETHUSD), Litecoin (LTCUSD), and others have varying spreads and minimum price changes.
Swap rates for commodities and cryptocurrencies are also provided in points for both short and long positions.
It's important to note that spreads can vary depending on market conditions, and Solver Trade may charge commissions on certain account types or for specific trading activities. Traders should refer to the broker's official website or contact their customer support for the most up-to-date information on spreads, commissions, and any additional fees that may apply to their chosen trading instruments and account type. Understanding these costs is crucial for effective trading and risk management.
Deposit & Withdrawal
Solver Trade offers procedures for depositing and withdrawing funds from trading accounts. Here's an overview of the available methods and associated costs:
Deposit Methods:
Bank Transfer to Company Account (sb_bank): USD, EUR, RUB. Costs: Your bank's commission.
Visa: USD, EUR, RUB, UAH, KZT. Costs: 3.5% to 6%.
WebMoney: USD, EUR. Costs: 0% + 0.8% (max fee 50 USD/EUR).
Bank Transfer in Tenge (sb_bank): KZT. Costs: Your bank's commission.
MasterCard: USD, EUR, RUB, UAH, KZT. Costs: 2.5% to 4%.
Kassa24: KZT. Costs: 3% + 1%.
Yandex.Money by Bank Card: RUB. Costs: 3.5%.
Sberbank Online: RUB. Costs: 2%.
Alpha Click (alfa-bank): RUB. Costs: 2.5%.
Promsvyazbank: RUB. Costs: 2.5%.
Yandex.Money Wallet: RUB. Costs: 3.5%.
QIWI Wallet: RUB, USD. Costs: RUB: 1.5%; USD: 3%.
Yandex.Money Cash: RUB. Costs: 2.5%.
QIWI Terminal: RUB. Costs: RUB: 1.5%; USD: 3%.
MegaFon-Visa Cards: RUB. Costs: 4%.
Beeline Mobile Cards: RUB. Costs: 5.95%.
Withdrawal Methods:
Withdrawal by Bank Transfer (sb_bank): USD, EUR, RUB. Costs: Ameriabank: 2.5%.
MasterCard: USD, EUR, RUB, UAH. Costs: 2.5% to 4.5%.
Yandex.Money Wallet: RUB. Costs: 1.5%.
WebMoney: USD, EUR. Costs: 0.8% (max fee 50 USD/EUR).
Visa: USD, EUR, RUB, UAH, KZT. Costs: 3.5% to 6%.
Solver Trade provides various options for deposit and withdrawal methods, catering to different preferences and regions. Traders should consider the costs and processing times when choosing their methods.
Trading Platforms
Solver Trade provides access to several trading platforms, each with its own unique features and capabilities:
MetaTrader 4 (MT4): This platform is widely recognized for its user-friendly interface and comprehensive analytical capabilities. It offers advanced charting tools, numerous technical indicators, and customizable trading systems. MT4 is suitable for traders of all levels, providing real-time data, a secure trading environment, and the ability to automate trades using Expert Advisors (EAs).
MetaTrader 5 (MT5): As an advanced version of MT4, MT5 offers additional features like more timeframes, more indicators, an economic calendar, and enhanced order management capabilities. It's designed for both beginner and experienced traders, offering more sophisticated trading tools and expanded functionality, including the ability to trade stocks and commodities alongside traditional forex pairs.
Depth of Market (DOM): Also known as the order book, DOM in Solver Trade displays a table of limit orders for buying and selling tradable assets like currency pairs, securities, and metals. It shows the total number of orders at each price point, above and below the current market price, set by traders. This tool helps traders:
Assess Supply and Demand: By observing the number of buy and sell orders, traders can gauge market sentiment and underlying supply and demand dynamics.
Technical Analysis Aid: DOM can be used to identify the 'line of least resistance' for trend formation.
Monitor Order Volumes: Traders can observe the volumes and quantity of orders in real-time. Significant removal of orders in a particular direction may indicate an impending move in that direction.
Accessing Depth of Market: Users can download the Depth of Market tool, commonly known as the “price glass,” from the provided link.
Installation and Usage: Instructions for installing and using the Depth of Market tool are available for download. Following these directions and descriptions will enable traders to effectively integrate this tool into their trading strategy.
Overall, these platforms and tools offer a range of functionalities to accommodate various trading strategies and preferences, helping traders make informed decisions based on real-time market data and analysis.
Customer Support
Solver Trade offers a structured customer support system designed to cater to various needs and inquiries. Here's an overview of the support channels and their specific functions:
Technical Support: For technical issues or queries related to the trading platforms and tools, customers can reach out to technical support at support@SolverTrade.com. This could include assistance with the MetaTrader platforms, Depth of Market tool, or any technical glitches.
Customer Support: General customer service inquiries can be directed to live@SolverTrade.com. This line of support handles a broad range of questions, from account management to basic trading queries.
Deposit/Withdrawal Inquiries: For specific questions or issues related to depositing or withdrawing funds, customers can contact withdrawal@SolverTrade.com. This includes queries about transaction fees, processing times, or payment methods.
General Inquiries: The same email as customer support, live@SolverTrade.com, is used for general inquiries. This might include questions about account types, trading conditions, or any other general information about Solver Trade services.
International Support: Solver Trade also caters to its international clientele through support@SolverTrade.com. This service is likely tailored to accommodate traders from various regions and time zones, possibly offering support in multiple languages.
In addition to these email support channels, Solver Trade's physical presence is established in Saint Lucia, with its office located at:
Solvertrade LTD.
1st Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia
P.O. Box 838, Castries, Saint Lucia
This setup indicates an organized approach to customer service, with specialized email addresses streamlining the process for clients to reach the appropriate department for their specific needs. The presence of a physical office also adds a level of credibility and offers a point of contact for more formal inquiries or corporate relations.
Educational Resources
Solver Trade's educational section appears to offer a range of resources designed for traders at different levels of expertise. While I couldn't access the specific contents of the page, the categories you mentioned suggest a comprehensive approach to trader education:
Where to Begin: Likely offers guidance for new traders on starting their trading journey, covering basics and initial steps.
Demo Account: Information on how to set up and use a demo account, which is crucial for beginners to practice trading without financial risk.
For a Beginner Trader: This section probably contains tailored content for novice traders, such as fundamental concepts, simple strategies, and basic risk management techniques.
FAQ: A frequently asked questions section, addressing common queries and concerns of traders.
Articles about Forex: Educational articles covering various aspects of forex trading, market analysis, and perhaps insights into trading psychology.
Memo to the Trader: This might include important reminders or tips for traders to keep in mind, possibly focusing on best practices and strategic approaches.
Library: A collection of more in-depth resources, possibly including e-books, research papers, and detailed guides on different trading topics.
These resources indicate a commitment to supporting traders education, providing a solid foundation for both beginners and more experienced traders to refine their skills and knowledge.
Summary
Solver Trade is a financial platform offering trading in forex, raw materials, indices, stocks, and cryptocurrencies, with platforms like MetaTrader 4 and 5 and Depth of Market. Not regulated as a broker, it urges caution for potential investors. It provides diverse educational resources, including a section for beginners and a demo account for practice. The customer support system is structured with specific email addresses for different queries, and it also has a physical office in Saint Lucia. The platform offers various deposit and withdrawal methods, each with its own costs. For detailed information, users are encouraged to conduct thorough research and consult the official website.
FAQs
Q1: What types of trading platforms does Solver Trade offer？
A1: Solver Trade offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Depth of Market (DOM) trading platforms.
Q2: Is Solver Trade a regulated broker？
A2: No, Solver Trade operates as a financial entity that is not regulated as a broker.
Q3: What types of educational resources does Solver Trade provide？
A3: Solver Trade provides various educational resources including beginner guides, a demo account, FAQs, articles about Forex, trading memos, and a library.
Q4: What customer support options are available at Solver Trade？
A4: Solver Trade offers structured customer support through specific email addresses for technical support, customer service, deposit/withdrawal inquiries, general inquiries, and international support.
Q5: What are the deposit and withdrawal methods and costs at Solver Trade？
A5: Solver Trade offers multiple methods for deposit and withdrawal, including bank transfers, credit cards, and digital wallets, each with varying costs like bank commissions or percentage fees.
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