Solid Financial Services Ltd Deposit & Withdrawal

Solid Financial Services Ltd is a Cyprus-based investment firm that has been authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) since 2006. Our records show it holds a single CIF licence with the reference number 065/06, and at the time of writing, its status remains ‘Authorised’. However, the firm’s regulatory standing carries a critical caveat: according to industry databases, Solid Financial Services has announced its intention to voluntarily renounce its CySEC authorisation and will cease providing investment services, with client inquiries accepted only until 31 March 2026.

In FXCanary’s assessment, this planned exit fundamentally alters any funding decision. A broker that has signalled its withdrawal from the regulated space is no longer operating with a long-term commitment to client protection, and any deposit made now faces the real risk of being trapped in a corporate wind‑down that may prioritise creditors over retail traders. For this reason, our funding review goes beyond the usual mechanics of deposits and withdrawals to address the overriding safety concerns.

As a CySEC-regulated firm, Solid Financial Services Ltd is required to segregate client funds from its own operating capital and to participate in the Investor Compensation Fund (ICF), which covers eligible investors up to €20,000 in the event of the firm’s insolvency. These are standard protections that give a degree of confidence under normal circumstances.

What makes this case unusual is the voluntary renunciation of the licence. While the firm is still shown as ‘Authorised’ on the CySEC register, its stated intention to cease investment services introduces a period of heightened uncertainty. We have found no independent verification—such as an official public statement on a company website—that clarifies how outstanding client balances will be handled or whether the ICF coverage remains fully applicable during the wind‑down. Without that clarity, the theoretical safety net becomes difficult to rely on.

Furthermore, the absence of a verifiable website or any social‑media presence makes it nearly impossible for a retail trader to obtain real‑time updates or to monitor the firm’s operational status. In our view, this lack of transparency is a significant red flag that should weigh heavily on any decision to entrust new funds to this entity.

No official website or funding page could be located for Solid Financial Services Ltd during our research. The known facts list the official domain as lb.lt, but this is simply the Bank of Lithuania’s register of cross‑border service providers—hardly a place to open a trading account. A handful of third‑party aggregator sites mention a possible website at solid.com.cy, but we were unable to confirm that this domain is actively maintained or affiliated with the regulated entity.

Given this opacity, we cannot provide a verified list of deposit methods. In the normal course of business, a CySEC broker might be expected to offer bank wire transfers, credit/debit cards, and possibly e‑wallets such as Skrill or Neteller. However, any such assumption would be speculative. Prospective clients are left with no reliable way to determine how to fund an account, what the minimum deposit might be, or which currencies are accepted.

Some industry databases claim a minimum deposit of just $1, but this figure is unsubstantiated and should not be trusted without direct confirmation from the broker—confirmation that, in this case, appears impossible to obtain through normal channels. The absence of a functioning client‑facing website is, by itself, a strong reason to avoid depositing funds altogether.

If you already hold an account with Solid Financial Services Ltd, the withdrawal process is even more critical than the deposit method. Regulated CySEC firms are generally required to return client funds within a reasonable timeframe and to follow strict anti‑money‑laundering procedures, including verification of identity and proof of payment method. Yet we have no independent user reviews or testimonials that would shed light on how well this firm has honoured withdrawal requests in the past.

The planned licence renunciation raises the spectre of delayed or even denied withdrawals, as the firm may begin to wind down its operations and prioritise creditor claims. We have seen no evidence of an official communication that assures clients their funds will be returned in full and on time. In such circumstances, any trader with an open balance should immediately submit a withdrawal request and keep meticulous records of all correspondence.

It is also worth noting that CySEC’s complaints procedure may become the only recourse if the firm fails to process a withdrawal. However, this is a formal, time‑consuming process that offers no guarantee of a swift resolution. The lack of a verifiable website makes it difficult to even locate the firm’s compliance contact details, forcing clients to rely on third‑party databases or the regulator itself for basic information.

Transparent disclosure of fees is a hallmark of reputable brokers, yet Solid Financial Services Ltd has published no fee schedule that we could independently verify. Third‑party sources provide no consistent data on spreads, commissions, or overnight financing charges. Even basic funding costs—such as bank wire fees or currency conversion markups—remain entirely unknown.

Processing times for deposits and withdrawals are similarly undocumented. A typical CySEC broker might process withdrawals within one to three business days, but without a published policy, traders are effectively operating in the dark. The risk of unexpected administrative delays is compounded by the broker’s uncertain future; as the firm moves closer to its announced cut‑off date, manual approvals may become slower and more arbitrary.

We strongly caution that any fee or timeline that cannot be confirmed directly with the broker prior to funding should be treated as non‑existent. The total cost of trading with Solid Financial Services Ltd is, in effect, unquantifiable—an unacceptable position for any retail investor.

Under normal circumstances, FXCanary recommends that traders always start with a small deposit, test a full withdrawal early, and keep screenshots of every transaction and chat session. For Solid Financial Services Ltd, however, we advise going much further: do not deposit any funds at all while the firm’s operational status remains so precarious.

The planned withdrawal of its CySEC licence effectively means the broker is no longer committed to providing investment services. Funding an account now is akin to handing over money to a business that has publicly signalled it is closing its doors. Even if you were to succeed in making a deposit, the chances of retrieving those funds in a timely manner appear slim.

If, for some reason, you are determined to proceed, then at a minimum demand written confirmation—on official letterhead—of the deposit method, the withdrawal process, the expected processing time, and a named point of contact in the compliance department. Verify that the contact details match those on the CySEC register. Without such documentation, you are exposing your capital to an entirely unnecessary level of risk.

The first step in any funding decision should always be a check of the CySEC public register. You can confirm that Solid Financial Services Ltd holds licence 065/06 and note the date any suspension or withdrawal of that licence takes effect. This is the only source we consider authoritative.

Next, attempt to find an official website. The domain solid.com.cy appears in some aggregator listings but we could not confirm it is live or secure. If you do find a website, cross‑reference its regulatory disclosures with the CySEC register. Be alert for clone sites: our records indicate no known impersonators, but that can change quickly once a legitimate firm begins to exit the market.

Finally, search for user reviews on impartial platforms. The glaring absence of any independent feedback for this broker—positive or negative—is itself a warning. A firm that has operated for nearly two decades should have left some public footprint. The fact that none exists reinforces the conclusion that Solid Financial Services Ltd does not currently maintain an active retail client base. Avoid funding until that changes materially, which in this case seems unlikely.

Our editorial team cannot find a single compelling reason to deposit money with Solid Financial Services Ltd at this stage. The CySEC licence is on the verge of being renounced, the firm has no verifiable online presence, and funding information—from minimums to withdrawal times—is entirely absent from the public domain. The theoretical protections of regulation have been undermined by the firm’s own decision to exit.

In FXCanary’s conservative view, the risk of losing your entire deposit is unacceptably high. The Scam Risk Score of 34/100, with its ‘Guarded’ designation, reflects precisely this set of circumstances: the broker is not necessarily a scam, but the conditions surrounding it are so opaque and unstable that trading here would be reckless.

If you are already a client, act now to withdraw your funds while the firm’s authorisation remains in force. Document every step, and if obstacles arise, escalate to CySEC without delay. For everyone else, look elsewhere—the broker’s own regulatory trajectory sends the clearest possible signal that it is no longer open for business, and no amount of due diligence can change that fundamental reality.