Solidary Markets

Solidary Markets is a forex and CFD broker registered in Saint Vincent and the Grenadines (SVG), a jurisdiction known for its light regulatory framework. The company was founded on April 2, 2019, and operates from its registered address at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown. Its official website is solidarymarkets.com.

From the outset, Solidary Markets has positioned itself as a multi-asset broker, offering trading in over 70 forex pairs, metals, CFDs, cryptocurrencies, and more. The broker caters primarily to retail traders with a minimum deposit requirement of just 50 USD or EUR.

Crucially, Solidary Markets does not hold any known regulatory licence from a recognised financial authority. Our review found no evidence of oversight by bodies such as the FCA, CySEC, ASIC, or the SVG Financial Services Authority. The absence of regulatory oversight is a significant factor for traders to consider, as it means there is no external monitoring of the broker’s practices or client fund segregation requirements.

Without a licence, clients rely solely on the broker’s own policies for the safety of their funds. This lack of regulation places Solidary Markets in a high-risk category, as reflected in FXCanary’s Scam Risk Score of 85/100 (Severe).

Solidary Markets offers five distinct account types: Standard, Top, Elite, Strategic Forex System Special Account, and Telegram Special Account. All standard accounts (Standard, Top, Elite) share a minimum deposit of 50 USD or EUR and a maximum leverage of 1:200. The Strategic Forex System Special Account and Telegram Special Account also require a 50 USD/EUR minimum deposit but offer a higher maximum leverage of 1:300.

The differentiation between these account types is not clearly defined in our sources, but the variation in leverage suggests that the Special Accounts may be tailored to specific trading strategies or communication channels. The low minimum deposit makes these accounts accessible to retail traders with limited capital.

The broker claims to provide access to over 70 forex pairs, along with metals, CFDs, and cryptocurrencies. This range covers major, minor, and exotic forex pairs, as well as popular commodities and digital assets. However, the specific platform(s) used for trading are not detailed in the available information. Traders would need to verify platform compatibility and features directly with the broker.

Given the lack of regulatory oversight, the actual execution quality, instrument availability, and trading conditions may vary. We recommend that traders request a demo account to test the environment before committing funds.

Solidary Markets does not publicly list its accepted payment methods on our records. Typical brokers in this segment often accept bank transfers, credit/debit cards, and e-wallets, but without official confirmation, traders should inquire directly. The withdrawal process and any associated fees are also unspecified.

In our assessment, the absence of transparent funding information is a red flag. Traders should exercise caution and ensure they understand the terms before depositing funds.

Solidary Markets appears to target retail forex and CFD traders, particularly those with limited capital who are attracted to low minimum deposits and high leverage. The availability of a Telegram Special Account suggests an active social trading or signal-following community. However, the broker's unregulated status and high risk score make it unsuitable for conservative or risk-averse traders.

Experienced traders who fully understand the risks of unregulated brokers may consider Solidary Markets for short-term speculation, but we cannot recommend it for long-term or serious investment purposes. The onus is entirely on the trader to verify the broker’s reliability and fund security.