SoltechX Website: soltechx.com
Address: First Floor, Saint Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines
Warned By: Not Recommended by Lucenteq
The site SoltechX is operated by Max LLC. Max LLC is owned by BudsFX. Max LLC is a brand which is blacklisted by FINMA (Swiss) and FCA (UK) and later on vanished. SoltechX an extension of BudsFX is following the same scheme pattern. The address of Max LLC is 1st floor, James Street, St Vincent Bank Ltd Building, Kingstown, Saint Vincent, and the Grenadines (SVG). There are countless firms registered at this address. This island (SVG) is a favorite destination for all scammers because there is no forex regulation. In today’s SoltechX review, we will investigate and uncover the red flags they possess.
This broker may have a license from SVG to avoid problems that may crop up in the future and create an illusion of a safe trading environment. This license from SVG is like having NO license at all. Most of the scam sites originate from SVG and Marshall Islands. Though SVG has a financial regulator FSA has declared that it cannot regulate forex and binary options trading. Thereby you are dealing with a scam offshore company.
The company claims itself as a respected and dedicated CDF provider. With them, the trader gains access to various financial markets. It is always better to choose brokerage firms that are licensed by known regulators like FCA, ASIC, BaFin, FINMA, etc. Those licensed have to abide by many laws and follow strict protocols.
Trading instruments and markets
One can trade in commodities, cryptocurrencies, forex, stocks, and indices.
In cryptocurrencies, one can learn about portfolio creation, trading tactics, holding, and investment security. One can trade Litecoin, Bitcoin Cash, Ripple, Ethereum, and Bitcoin.
In stocks, one can learn about stocks portfolio, trading essentials, market research, trading plan development, and trading diversity. Through this platform, one can trade in Amazon, Paypal, Microsoft, Visa, Netflix, Aurora, etc.
In indices, one can trade in major indices. One can learn big picture analysis, risk assessment, investment planning, and in-depth research. One can trade NSDQ, NIKKEI, DAX, DOW, SP500 etc.
In forex trading, one can learn market analysis, advanced trading strategies, terms, orders, and all major and minor currencies pair. One can trade in EURGBP, EURUSD, USDCAD, USDCHF, USDJPY, etc.
In commodities, one can learn futures contracts, soft/hard commodity segregation, and long-term trading. One can trade in Aluminium, Crude, Silver, Gold, Cotton, Cocoa, etc.
One can choose from various account types. These accounts are suitable for newbie, intermediate, and expert traders. Account types available are Bronze, Gold, Platinum, and Diamond. Accounts differ in the level of assistance and trading assets.
The company uses Sirix, a white-label platform. Notorious company Leverate provides it. Leverate is based in Cyprus and is renting out software to other brands and liquidity providers. Leverate does not choose who works on its software.
Why not invest with SoltechX?
- Any well-known regulating authority does not regulate it.
- It operates from an offshore country (SVG).
- Leverage is not mentioned on the website. From reliable sources we learned that they provide 1:200 leverage which is very risky and exposes the funds to 4-5 times higher risk. Usually, leverage should be between 1:30 to 1:50.
- Conditions mentioned in terms and conditions are such that it makes withdrawal of funds nearly impossible.
Scammed by SoltechX?
If you are a victim of SoltechX please let us know. Our fund recovery team has experience dealing with these kinds of scam brokers. We are investigative and consulting service providers. We are mostly hired by online scam victims to get their money back. We can provide repayment to the victims through tracking down digital fingerprints, disputes, cyber analysis, and systematic investigation work. We are more focused on scam binary options and unregulated forex brokers. We specialize in scam/fraud recovery relating to credit card payments, wire transfers, cryptocurrency transactions, and online accounts.
You can contact us at 192 N Cities Service Hwy APT 6, Sulphur, LA 70663. Alternatively, you can call us at +1 601 952 8830. You can also communicate with us by email: support@Lucenteq.net. You can also file a quick complaint at our site.