SolidusX, a trading name of Digital Genius Group Ltd, is a multi-asset broker. It claims to offer access to various financial instruments through Web traders and mobile apps, but there are serious issues with its operations. This SolidusX review looks into its offerings, user experiences, and red flags.
- SolidusX Website – https://www.solidusx.com/
- Is SolidusX Website Working – No
- SolidusX Address –
- 1 Amber Shaft, London, EC3 8EE
- Beachmont Business Centre, Suite 165, Kingstown, St. Vincent and the Grenadines
- Is SolidusX Regulated – Unregulated
- Is SolidusX Blacklisted By Any Regulatory – Financial Conduct Authority (United Kingdom)
- Is SolidusX Domain Blacklisted – It seems there is no direct mention of this domain being on a blacklist.
What is SolidusX?
SolidusX claims to offer trading in forex, metals, oil, and indices with leverage up to 1:200. It has five account types and uses its web-based trading platform and mobile apps instead of industry-standard MetaTrader 4 or MetaTrader 5.
Key Concerns About SolidusX
1. No MT4 or MT5 Trading Platforms
In SolidusX trading, the MetaTrader platform is not used. Instead, it features a web trader and a mobile application. This is a major concern because MT4/MT5 brokers are highly respected for transparency and functionality.
2. Unregulated Operations
Reportedly, SolidusX is incorporated in Saint Vincent and the Grenadines, a known jurisdiction often chosen by unregulated financial entities. Since it does not fall under regulation by a respected authority, no investor protection arises.
3. Website Unavailability
Currently, the SolidusX website is down, which appears suspicious. Many users reported that the site became inaccessible once they requested withdrawals, which is a big red flag.
4. Warning by FCA
SolidusX is providing financial services in the UK without permission, according to a warning from the UK Financial Conduct Authority.
Check FCA Warning – https://www.fca.org.uk/news/warnings/solidusx
User Experiences – A Closer Look
Many reviews on platforms like Review.io are filled with distressing stories. One victim shared:
“This broker presented itself as a promising investment platform. At first, everything seemed fine with small profits. But later, withdrawals became impossible. My account manager stopped replying. The website showed technical issues. Eventually, I lost over £900,000. They even asked for more funds before processing a withdrawal.”
These kinds of experiences point to deceptive practices rather than legitimate trading operations.
SolidusX Review – Summary Points
- No MetaTrader 4 or 5 support – only web trader & mobile apps
- Registered offshore (SVG) – a region with weak financial regulations
- FCA has issued a public warning
- Website currently unavailable – strong red flag
- Numerous complaints of withdrawal issues and unresponsive support
Frequently Asked Questions (FAQs)
Q1: Is SolidusX a regulated broker?
No. SolidusX is not a regukated broker.
Q2: Is Solidus X supporting MetaTrader Platforms?
No. The only trading platforms they provide are web traders and apps, which do not show as much about features and transparency as MT4/MT5.
Q 3 Can I get back funds from SolidusX?
If money has been lost, you should contact the financial authorities and get advice from a competent recovery of funds. Record all communication and transactions.
Q4: What is happening with the SolidusX website?
Many people are reporting withdrawal problems at the same time—making it seem like exit fraud.
Victim of SolidusX Scam? Here’s How to Take Action Now
Issues with withdrawal? Unusual behavior on a platform? LegalCertifi is available to assist you. We will investigate your case and begin the money recovery process. Contact us for a free consultation and begin protecting your financial interests; you’re not alone.
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