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SOLIDECN

Regulatory Status

Not Regulated

Regulation & License

No Regulatory Information

Regulatory Information: No valid regulatory information found. Proceed with caution.

Score

2.20 /10

Regulation

2.69

Tech

6.01

Reputation

4.11

Business

6.75

Risk Control

3.11

How is the TrustScore calculated?

SOLIDECN Comprehensive Review

SOLIDECN exhibits overall weak performance and is not recommended for risk-sensitive investors, with a composite score of 2.15, a complete lack of credible forex trading regulation, and a short operating history of 2-5 years; the broker's software rating of 8.39 offers some functionality, but the complete absence of regulatory oversight represents a severe risk warning for fund safety. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information. Please verify all entity details independently before trading. (Updated: 2026-05-31)

Regulatory Status and Operating Jurisdiction
SOLIDECN operates as an unregulated entity from the Comoros jurisdiction, which has a financial oversight framework considered less robust than major international regulators. The broker's regulatory status is not overseen by any formal licensing authority for forex trading, presenting a significant oversight gap. The business scope is global, and no specific forex trading license is held. Potential clients should conduct independent verification of the broker's legal standing, as the absence of regulatory supervision entails higher operational and financial risks.
Safety Score Breakdown Across Each Dimension
SOLIDECN carries a composite score of 2.15, with a regulatory rating of 0.0, risk control rating of 0.0, software rating of 8.39, business rating of 6.85, and license rating of 0.0. This aggregated rating reflects extremely low regulatory and risk oversight, countered by above-average software capabilities and average business stability. The absence of a recognized license is a critical consideration. Investors should evaluate each dimension carefully, prioritizing regulatory security and risk management according to their individual risk tolerance.
SOLIDECN Operating Overview And Key Specifications
SOLIDECN operates globally from a Comoros registration, maintains a 1 USD minimum deposit requirement, utilizes MetaTrader 5 software, and provides multiple account types for trading forex, CFDs, and metals. The broker has 2-5 years of operational history and targets global clients. Its low entry threshold of one US dollar facilitates initial market access, supported by the widely recognized MetaTrader 5 platform for advanced trading execution and analysis. Available account options cater to different strategies, from micro-lot trading to ECN-style execution, covering a range of markets. Prospective traders should independently verify the broker's service terms and product specifications through official channels to align with their trading objectives.
Trading Environment and Technical Performance
SOLIDECN operates on MetaTrader 5 with a server count not currently disclosed and an average execution speed not currently disclosed. The broker's overall trading environment grade is not currently disclosed; readers may cross-reference with other internal sub-scores. It operates from a global scope and offers three live account types with a maximum leverage of 1:1000, supporting features like scalping and Expert Advisors (EAs).
Tradable Instruments and Product Coverage
Solid ECN Securities LLC provides retail trading services with offerings across multiple asset classes, though it does not offer futures or ETFs. The broker's two primary account types list access to Forex, Indices, Commodities, and Crypto CFDs, while a third Micro account focuses on Forex and Metals. A specific instrument count is not currently disclosed. All listed accounts support scalping, Expert Advisors (EAs), and hedging. Prospective traders should ensure the available product coverage aligns with their specific strategies.

SOLIDECN Regulation & License

No Regulatory Information

Note: The above regulatory information is sourced from the official SOLIDECN website.

Basic Information

Registered Region
Comoros
Operating Period
5-10 years
Company Name
Solid ECN Securities LLC

Customer Service Email Address
info@solidecn.com
Contact Number
+269 32 84 355
Company Website
https://solidecn.com

SOLIDECN Pros & Cons

Pros

Low minimum deposit requirement of $1 across all account types, facilitating easy market entry.

Competitive spreads from 0 pips available on the ECN account type.

Provides access to the advanced MetaTrader 5 platform with full Expert Advisor (EA) support for automated trading.

Cons

Lacks any credible regulatory oversight, presenting a severe risk warning regarding fund safety and dispute resolution.

Product offering across all account types is selective; futures and ETFs are notably absent.

Server infrastructure is limited with only one MT5 server disclosed, potentially raising concerns about capacity and redundancy.

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Frequently Asked Questions About SOLIDECN

Is SOLIDECN a regulated forex broker?
SOLIDECN is not regulated. The entity operates from the Comoros without oversight from a recognized financial authority for forex trading. This regulatory status is a critical factor for traders to consider, as the absence of credible oversight means there is no independent protection for client funds or formal dispute resolution mechanisms. Operating with an unregulated broker inherently carries higher risk.

Is SOLIDECN safe to trade with based on WikiFX data?
SOLIDECN's composite safety score is 2.15, which reflects significant concerns. The broker has a regulatory rating of 0.0, a risk control rating of 0.0, and a license rating of 0.0. Its high-risk profile is primarily due to a complete lack of credible regulatory oversight, a fundamental factor for assessing the security of trading operations. Traders should exercise extreme caution.

Is the entry threshold of SOLIDECN high?
The entry threshold for SOLIDECN is very low. The broker requires a minimum deposit of just $1 across all its account types. Additionally, the minimum lot size available on the MICRO account is 0.001, allowing for micro-lot trading. While this facilitates easy market access, traders must balance this low barrier with the broker's high-risk profile and lack of regulation.

Can I use EA or automated trading with SOLIDECN?
Yes, SOLIDECN supports automated trading. All account types explicitly allow the use of Expert Advisors (EAs). This functionality is provided through the MetaTrader 5 platform, which is the primary trading software offered by the broker. This enables traders to implement algorithmic strategies or copy trades from other platforms that utilize MT5.

What can I trade on SOLIDECN?
SOLIDECN provides access to several asset classes through its different account types. The ECN and STANDARD accounts offer trading on Forex, Indices, Commodities, and Crypto CFDs. The MICRO account focuses on Forex and Metals. It is important to note that the broker does not offer futures or ETFs. A specific total instrument count is not currently disclosed.