Soltechx review – The truth about soltechx.com offshore scheme

Facts about Soltechx regulation?

Soltechx may be a new company on the market but its owner is not. It’s actually a well-known offshore company that is involved in other financial regulatory blacklisting schemes.

Soltechx is a Max LLC brand, well-known for being the owner of BudsFX. This brand was quickly blacklisted by the UK FCA, and Swiss FINMA. We have Soltechx, which is the extension to BudsFX and follows the same scheme patterns.

Why does a broker need a license?

To avoid potential problems and to create a safe trading environment, a broker must hold a license. Regulators use compensation funds to pay potential victims. Max LLC is not likely to be granted a license because it is located in Saint Vincent and the Grenadines.

SVG has an FSA financial regulator that is unauthorized to trade in Forex and binary options. Every investment firm should apply for a license in their country of service. Max LLC did not do this. You’re dealing with an offshore scam firm.

Traders review about Soltechx scam

Soltechx clients are having withdrawal problems, which is the main complaint. They also tell stories of account managers promising them everything and anything. Their accounts are frozen and they don’t hear from the company until the payout day.

Trading platforms – Trading software 

Soltechx uses Sirix, a white-label platform provided by the well-known Leverate. The firm is located in Cyprus, holds a CySEC licence, but it rents it out to other brands, liquidity providers, etc. You can see that Leverate doesn’t choose their cooperators. They work with schemes firms like Soltechx Securities and Icorp Securities.

Sirix is a great platform and far better than regular WebTraders, but Soltechx doesn’t inform traders about spread, leverage or any other information. Investing money in such cases is risky because you cannot evaluate the risk prior to investing the funds.

All about Soltechx trading account

Soltechx offers four account types.

1. Bronze
2. Gold
3. Platinum

Different accounts have different trading assets and levels of assistance. We don’t have information on the initial deposit so we believe it was left to the brokers employees to make a decision about your financial situation.

Soltechx range trading instruments & markets

The broker allows trading with:

• Currency pairs
• Commodities
• Indices
• Shares
• Cryptocurrencies

Spread and leverage are not available, so you will be blindsided when entering trades.

Available Soltechx leverage

Soltechx doesn’t mention leverage on its website. Based on client reviews, we found that clients were given leverage up to 1:200. This is contrary to all regulatory standards. Soltechx puts your funds at 4-6 times greater risk because of the limitations placed by Australian, UK and EU regulators on leverage.

Soltechx deposit, bonuses and withdrawal methods

We were able to discover that Soltechx accepts these payment methods.

• Credit/debit card
• Wire transfers

The firm claims that they will approve refunds and not call them withdrawals. This is a common tactic that allows the broker to cancel any previous transaction and reimburse your card. You can withdraw only what you have deposited. Any amount that exceeds the deposit will be denied. For wire transfer refunds, the firm charges 25-50 EUR. There is no commission for card refunds.

The company reserves the right to award bonuses at its discretion. You can receive funds without having to ask and are automatically bound by the Bonus Agreement. You will need to trade one lot for every $5 bonus. If you receive a $100 bonus, you will need to trade 20 lots in order to withdraw your funds. 20 lots are equal to $2 million when converted.

Soltechx broker scammed you? – Let us know your story

Let us know if you are a victim to the Soltechx scam. Our chargeback experts have dealt with scam companies and can assist you in getting a refund.

What is a chargeback?

Chargebacks are a way for your bank to recover funds from the merchant. We recommend that you contact us immediately to begin the process. Let’s have a free consultation to discuss how we can recover your money immediately!

Soltechx: Video

Below you will find a short video about Soltechx. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Soltechx!