BANK OF SOLIDUS

Safety is a primary concern when evaluating any broker. According to WikiFX data, BANK OF SOLIDUS holds a very low WikiFX score of 1.62. The broker operates with an offshore financial services license from the Anjouan Offshore Finance Authority (AOFA) in Comoros. This is not considered a valid or authoritative license for forex trading under mainstream global standards. Consequently, client funds are placed outside the protection of established investor compensation schemes. This operational model lacks credible financial oversight, presenting significant risks regarding fund security and dispute resolution.

BANK OF SOLIDUS is not regulated by any recognized, top-tier financial authority. The entity is registered in Comoros and holds a single active license listed as a 'Forex Trading License (EP)' from the Anjouan Offshore Finance Authority (AOFA), license number L15688/BS. This offshore regulator does not provide the stringent oversight, capital requirements, or client fund protections associated with major regulators like the FCA, ASIC, or CySEC. For forex and CFD trading, the AOFA license is not considered a valid regulatory framework, meaning the broker operates without credible supervision.

The specific minimum deposit amount for BANK OF SOLIDUS is not explicitly stated in its publicly available account specifications. The broker offers two account types, STANDARD and PREMIUM, but the required minimum cash deposit to open these accounts is not disclosed. Potential clients would need to contact the broker directly to confirm this crucial information before considering account funding.

Yes, BANK OF SOLIDUS provides access to the MetaTrader 5 (MT5) trading platform. According to WikiFX assessment, the broker is identified as a 'Full License MT5' provider. Performance metrics indicate an average execution speed of 168.5 milliseconds for its MT5 infrastructure. The platform supports standard features including automated trading (Expert Advisors), scalping, and position locking.