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does this broker provide no deposit bonuses for beginners?
#121 - August 10, 2022, 08:25:12 AM

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does this broker provide no deposit bonuses for beginners?

Hi,

Thank you for your message. 

I'm afraid the bonus has been expired. We offer %30 bonus to deposit. 
#122 - August 10, 2022, 02:48:16 PM

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Platform


The popular trading platforms are narrowed to a few. We chose the newest and the most advanced platform that is available in the market, the MetaTrader 5!


Why MetaTrader 5?

Contrary to commune belief, MetaTrader 5 is not an upgrade of MT4. The MT4 platform was developed for trading in the Forex environment, whereas MT5 was coded for CFDs, Stocks, and futures access. To be short, MetaTrader 5 is for more experienced and advanced traders, but before we go with the MT5, at Solid ECN we ran a survey of the traders we know, and found out that most rookies and novice users are already with the MT5 platform, and for the first time the MT5 users have surpassed the MT4?s!


Major differences


  • MT4 has 9-time frames, whereas MT5 offers 21-time frames. More time frames assist technical analyzers to have a better conception of the market movement.
  • MT 4 has 4 pending orders, whereas MT5 provides 6 types of pending orders.
  • MT 4 doesn?t have the market depth, but MT5 market depth is accessed within the chart.
  • MT5 has the Economic calendar on default.
  • MT4 has 4 types of pending orders, whereas MT5 holds 6 types.
  • MT4 allows hedging only, whereas MT5 allows both hedging and netting on request.
  • MT5 has 38 technical indicators, 44 analytical objects and unlimited charts
  • Partial order filling policies (fill/kill or cancel return) is another advantage of the MT5 for advanced traders.
  • The strategy tester of the MT5 platform is multi-threaded but MT4 is single-threaded.


MetaQuote corporation has been sending announcements about stopping MT4 updates. Therefore, we believe it was in the best interest of all parties to go with the MT5 platform!

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#123 - December 23, 2022, 08:53:56 AM

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Refund Policy

There is no perfection in services online, and when funding is involved, we believe that the merchant should have a transparent refund policy. Solid ECN Securities acknowledges customer rights, and for that reason, we drafted the Solid-Refund policy. There are circumstances when it is essential to return payment. Clients may submit a refund petition if the merchant service was not as described or the service was not functional or if the client justifies the reason.

We tried to make the money return policy concise, simple, and clear to give our customers a feeling of security. That is why we guarantee our services, and if it wasn?t as described the consumer has the right to apply for a money return.

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#124 - December 29, 2022, 09:59:26 AM

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#125 - January 02, 2023, 09:02:56 AM

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Chart of the day - US500

FOMC minutes released yesterday have been rather hawkish with the document noting that US central bankers do not expect rate cuts in 2023. It also noted that while progress has been made in bringing inflation back under control, more rate hikes are needed although a slower pace may be adequate. Release can be seen as hawkish but no major long-lasting market reaction occurred in the aftermath. This can be reasoned with the fact that FOMC minutes have only repeated what the market has already known and has already been pricing in.

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Taking a look at US500 chart at H4 interval, we can see that the index has been struggling to launch a larger move in either direction as of late. US500 has been trading in a 3,800 - 3,920 pts range since mid-December, awaiting catalyst for the next bigger move. While today's ADP employment report at 1:15 pm GMT is unlikely to be such a catalyst, tomorrow's NFP data may be source of elevated volatility.

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#126 - January 05, 2023, 09:27:37 AM

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Payment Methods

Solid ECN Securities added more than 50 cryptocurrencies to its payment system. Our clients at Solid ECN can manage their account funding by a wide range of cryptos, from bitcoin to Zilliqa, all are available in the Solid-Dashboard > Account funding.

Solid ECN took this step to offer cost-effective payment methods for its customers. The blockchain transfer fee of the major cryptocurrencies have been increasing, therefore, retails are interested in trying the alternatives.

With Solid ECN, any trader can take advantage of +50 crypto payments.

> It is secured;
> It is undisclosed;
> it is decentralized.

Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of market transparency mean price manipulation is not possible.
#127 - January 06, 2023, 09:11:56 AM

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Solid ECN Products

A professional method to secure assets reasonably is diversified trading. Trading on limited numbers of instruments was never suggested by the market leaders and hedge funders. They always spread their investments among commodities, indices, and or currencies. Diversity is one of the many keys to having success in the trading world.

At Solid ECN, clients have access to trade the world with high leverage whilst the spread is tightened at its minimum. You can create your dealing basket to enjoy the product diversity with Solid ECN. We strive to offer our customers the most popular and trending products, and we made a live and long list of trading instruments.

As of writing the list contains 250 products including:

  • Forex (Major | Crosses | Minor)
  • Precious Metals (Gold | Silver | Palladium | Platinum)
  • Energy (Brent | WTI)
  • Indices (spot)
  • Nasdaq
  • Cryptocurrencies (Cardano | Algorand | BNB | Dogecoin | Ripple and more ?)

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#128 - January 09, 2023, 09:01:10 AM

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Solid ECN Affiliate Program

Become part of the Solid ECN Affiliate Program and be a member of one of the most profitable affiliate programs globally. Start earning a tangible income from your existing traffic. With an affiliate program that grants the highest conversion rates, an extensive generous payment plan with the highest commission percentage available, Solid ECN is your safe trustworthy companion.

At Solid ECN we enable our affiliates by offering technology, support, and tailored tools (including banners and widgets) to have a world-class, hassle-free experience!

> High-end Commissions
> True ECN/STP Execution
> Competitive Commission Model
> Global Payment Methods
> Fast & on-time Payments
> Marketing Materials & Generous Promotions
> 24/7 Client Support
> Daily Tracking and Reporting

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#129 - January 10, 2023, 12:48:55 PM

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Morning Wrap AUDUSD

Australian dollar is the best performing G10 currency after higher CPI reading for November lowered likelihood that RBA will take a pause. AUDUSD is making another attempt at breaking above the resistance zone marked with 50% retracement of the downward move launched in April 2022.

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  • US indices finished yesterday's trading higher, with small-caps and tech shares outperforming. Dow Jones gained 0.56%, S&P 500 moved 0.70% higher and Nasdaq jumped 1.01%. Russell 2000 added 1.49%
  • Indices from Asia-Pacific traded mixed today. Nikkei and S&P/ASX 200 gained 0.9% each, Kospi added 0.3%, Nifty 50 traded flat and indices from China traded mixed
  • DAX futures point to a higher opening of the European cash session today
  • Global Times reports that Chinese companies resumed imports of Australian coal, with first batch of Australian coal expected to arrive in China in late-February
  • According to Financial Times, United Kingdom and Japan plan to sign a defense agreement to counter threat from China
  • Australian retail sales increased 1.4% MoM in November (exp. 0.7% MoM)
  • Australian CPI inflation accelerated from 6.9% to 7.3% YoY in November. Core gauge accelerated from 5.3% to 5.6% YoY
  • Oil prices traded under pressure following a large inventory increase signaled by API. API report pointed to a massive 14.86 million barrel build in US oil inventories while market expected a draw of 2.1 million barrels
  • Cryptocurrencies trade mostly lower today. Bitcoin trades flat, Ethereum drops 0.1% and Dogecoin slides 0.5%. Gala slumps over 8%
  • Precious metals trade higher today with silver adding 1.2%, gold moving 0.3% higher and platinum jumping 0.6%
  • AUD and GBP are the best performing major currencies while JPY, CAD and USD lag the most

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#130 - January 11, 2023, 09:37:17 AM

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Chart of the Day - USDJPY

Japanese yen is one of the best performing major currencies today. JPY gains thanks to reports in Japanese media that suggested Bank of Japan is planning to review side effects of its loose monetary policy at a meeting next week. Markets took it as another sign that BoJ is about to scale back its dovish approach. The first major sign was widening of a band around target yield that also led to a significant strengthening of JPY.

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Taking a look at USDJPY chart at H4 interval, we can see that the pair has been trading in a downward move recently. The pair attempted to extend upward correction and break above the upper limit of the Overbalance structure at the end of the previous week but failed. This week's attempt to recover was halted at the 100-period exponential moving average. A break below recent lows in the 131.50 area would pave the way for a test of 129.50 area, that marks low of the whole downward impulse.

The pair will also be on watch later today when the US CPI report for December is released. Economists expect reading to show deceleration in both headline and core gauges of US consumer inflation. Headline CPI is seen dropping from 7.1 to 6.5% YoY while core CPI is seen dropping from 6.0 to 5.7% YoY. Report will be key for assessing whether the Fed will go with a 25 or 50 basis point rate hike at its next meeting.

#131 - January 12, 2023, 01:26:05 PM

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Solid ECN - No Deposit Fee Promotion

The commission our customers pay for adding funds to their trading accounts via any payment options is zero at Solid ECN.

When a transaction is made to a trading account, a part of the transferred amount is deducted by the payment processor as commission. Solid ECN covers transaction fees, and we named it the Solid-Cover! All clients of Solid ECN receive the actual deposit with no deduction instantly to their trading account.

> Instant Deposit: Deposit to your trading account to catch the market opportunities instantly
> No Fees: No fee applies on any transaction of yours
> Receive Full Amount: Receive the actual deposit with no deduction instantly to your trading account.

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#132 - January 16, 2023, 08:28:21 AM

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EURUSD Holds above 1.08 After ZEW Beat

EURUSD climbed above the 1.08 mark last week, reaching the highest level since late-April 2022. However, the pair began to struggle after US CPI data release for December (Thursday, January 12) and has erased part of the previous gains. EURUSD continued to move lower in the following days and threatened to break back below the 1.08 mark. However, German ZEW data for January came to the rescue. ZEW expectations subindex leap from -23.3 to 16.9 (exp. -15.0). This was the fourth month of increases in a row and the expectations subindex is now sitting at the highest level since February 2022 (launch of Russian invasion of Ukraine). Situation looks less rosy when it comes to the Current Situation sub index as it has moved from -61.4 to -58.6 (exp. -57.0).

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Solid beat in German ZEW expectations data helps EURUSD avoid a drop back below 1.08 mark.

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#133 - January 17, 2023, 12:00:53 PM

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Chart of the Day - GBPJPY

The Japanese yen is in the center of attention today, following the Bank of Japan monetary policy. The Bank of Japan decided not to make a move today - interest rates were left unchanged and the tolerance band around target 10-year yield was left unchanged as well. This was seen as disappointment. The Bank of Japan has to intervene almost on a daily basis to bring 10-year yields down from the upper limit of the tolerance band so investors hoped that another widening of the band could be on the cards today. No such decision was made and JPY took a beating as a result. BoJ Governor Kuroda said during a post-meeting press conference that he does not believe the tolerance band needs to be widened further. Nevertheless, the term of Governor Kuroda ends in April this year and his successor may have different beliefs when it comes to markets and rates.

However, it should be noted that the Bank of Japan did make some changes today. BoJ announced that it is amending rules for funds-supply market operations. New rules allow the Bank of Japan to make loans against collateral to financial institutions on both - fixed and variable - rates. Earlier, loans with maturity of up to 10-years were only offered at fixed-rate. The move is aimed at making funds-supply market operations a viable tool for preventing excessive increases in the long-term rates.

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As no changed to the rates or tolerance band was made and Bank of Japan pledge to continue with large scale bond purchases to keep yields in check, one should not be surprised that Japanese yen took a hit today. JPY was trading as much as 2.5% lower against US dollar at one point, and over 2% lower against almost all other majors. However, big part of the move has been erased already.

Taking a look at GBPJPY chart at D1 interval, we can see that the move on the pair today was massive. Pair traded 2.5% higher at one point and was testing the resistance zone ranging below 162.00 handle, and marked with previous price reactions. Nevertheless, as we have said earlier - a big part of the move was already released and GBPJPY pulled back to the 160.00 swing level.

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#134 - January 18, 2023, 11:02:46 AM

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Chart of the Day - EURTRY

Norges Bank decided to leave rates unchanged at a meeting today but there is one more rate decision to be announced today. Central Bank of the Republic of Turkey will announce its rate decision at 11:00 am GMT. Market expects no change from CBRT with one-week repo rate staying unchanged at 9:00 am GMT. The Bank said that it has ended the rate cut cycle after a 150 bp rate cut in November and indeed rates stayed unchanged at the December meeting later on. While Turkey is facing massive inflation, there is a view that rates may stay unchanged until mid-2023 when elections in Turkey take place. However, should the Bank make a move at one of the coming meetings, it is more likely to be another cut rather than hike.

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Apart from CBRT rate decisions, traders will also get a chance to take a look at ECB minutes. ECB hiked interest rates by 50 basis points at the latest meeting, slowing the pace of hikes from previous 75 bps. Bank noted that rates will have to rise further significantly and a balance sheet reduction schedule was also announced. While there were some rather dovish comments from ECB members in recent days, minutes may not reflect it as they relate to the December 15, 2022 meeting.

Taking a look at EURTRY chart at the H1 interval, we can see that the pair has bounced off the 200-hour moving average (purple line) and climbed above the 20.28 swing area later on. The nearest resistance zone to watch can be found in the 20.42 area and is marked with recent local highs. Should CBRT surprised with a rather unlikely rate cut, the pair may quickly jump above the aforementioned 20.42 zone and look towards all-time highs from late-2021 in the 20.68 area.

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#135 - January 19, 2023, 11:06:11 AM

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