Solid Invest Review
When the first cryptocurrency was introduced in 2009, no one could have fathomed how it would change the financial market. This is exactly what it has accomplished in the last decade. Bitcoin started a revolution and it has now become the biggest trend as there is a huge demand for cryptocurrencies. The virtual currency is not regulated by any central authority, which makes it safe from any outside and third-party interference. For a time, it was the only cryptocurrency, but the market is now booming with plenty of other options as well. Every other day, a new cryptocurrency is introduced because of the popularity of this trading instrument.
Initially, Bitcoin had struggled to gain traction, but it shot to a price of $20,000 in December 2017, which changed the course of the market. Investors and traders ended up making millions in a matter of days and the cryptocurrency stepped into the spotlight. From then on, things haven’t slowed down as the number of cryptocurrencies in the market has now increased to 6,000 with lots of other projects on the way. Suffice it to say, this instrument is not going anywhere any time soon and is here to stay for a long time.
After reading about the success of other investors, it was understood that others would want to enjoy the same kind of returns. Hence, the cryptocurrency market saw an influx of people keen to invest their money in a wide array of cryptocurrencies. Some who were already trading in other financial markets like stocks and forex also spread their investments to cryptocurrencies while others who had absolutely no trading experience decided to try their luck in the crypto market. The volatility of this market is renowned as it is this feature that has helped people earn millions of dollars, but traders need to understand that it can lead to equally big losses.
Regardless, it didn’t stop people from wanting to trade cryptocurrencies because there are almost no barriers to entry for entering this market. You don’t have to have any special qualifications, degrees or certifications to trade cryptocurrencies. But, it is a fact that having experience and knowledge can undoubtedly improve your chances of success. As long as you have funds to invest and internet access, you can trade in the cryptocurrency market. Nonetheless, there is one thing that you do need in order to begin and that’s a broker. That’s right; if you want to trade an instrument, you first need to find a broker.
The number of brokers in the market is staggering, but this doesn’t mean that every broker is the same. When the demand for cryptocurrencies surged, it was understood that more and more brokerages would be established to accommodate it and they did. However, the downside was that it gave room to hackers and scammers to take advantage of people. Today, you can find thousands of cryptocurrency brokers, but not all of them are legitimate. As a matter of fact, some of them are purely scams that only want to get their hands on deposits made by traders or their information that can be used for illegal and criminal activities.
Hence, when you start looking for a cryptocurrency broker, your priority should be finding a legitimate and trustworthy one that will facilitate you in every way instead of exploiting you. There are some brokers that have been around for years offering other financial instruments. They have now added cryptocurrencies to their offerings as well, but you should look for a broker that is dedicated to the cryptocurrency market. This is due to the fact that this broker would provide access to all the essential tools and features that are needed for navigating this market.
Do such brokers exist? Yes, there are various brokers that are solely focused on providing trading services for cryptocurrencies. One of these brokerages is Solid Invest. Launched more than a decade ago, this brokerage has made a name for itself in the market for providing impeccable services and creating a secure and optimal trading environment. Regulated by the Cyprus Securities and Exchange Commission (CySEC), Solid Invest was developed by a team of experts who understood the needs of the traders and created a reliable trading solution for them.
The fact that they are regulated adds a layer of legitimacy and security to the broker and reassures traders that they are not signing up with a fraud brokerage. This leading brokerage has dedicated itself to cater to the needs of newbies and experienced traders alike and they aim to provide a personalized experience to every single one of them. They have prioritized their customers and are offering transparent and open services with a cutting edge trading platform to suit the requirements of all traders.
Some of the major benefits that traders can enjoy when they choose Solid Invest over other crypto brokerages are:
- Solid Invest offers a simple yet unique trading platform
To start with, a broker’s trading platform is one feature that you should look into when you are searching for brokerages. Not all brokers will offer you the same trading platform and the user-interface also tends to vary. This is important because if the platform doesn’t have strong security, is not equipped with the latest technology of vital trading tools, then you will face a lot of difficulties while trading. The platform could be hacked, may not execute trades smoothly and quickly and be tough to use, especially for newbies.
One of the first and most important benefits that aspiring cryptocurrency traders can enjoy at Solid Invest is their scalable and flexible trading platform. Boasting a simple and responsive user-interface, the broker’s trading platform has been developed for both novices and skilled traders. It is integrated with sophisticated technology and can be accessed by simply logging onto the broker’s website. This allows traders to access it on multiple devices, whether they are using a desktop PC or a mobile device. Traders can check their account from anywhere and even when they are on the move.
Likewise, the security features of the platform are very impressive and there are some powerful trading tools like charting tools, trading history, in-depth charts and indicators and orders. The trading platform works seamlessly, without any delays and Solid Invest updates it on a regular basis to provide a good trading experience to its clients.
- Solid Invest has an extensive and impressive asset index
You want to trade cryptocurrencies due to which you are looking for a broker. So, before finalizing a broker, it is best to take a look at what cryptocurrencies are available. Some traders are interested in a specific cryptocurrency whereas some are looking to invest in as many cryptocurrencies as possible. Not every broker can offer a variety and even if they do, they may not have the cryptocurrency you want. It can be very disappointing and annoying to go through the entire sign up procedure, only to realize the broker doesn’t have what you want to trade.
With Solid Invest, you will not be disappointed because the brokerage is recognized for its impressive and extensive asset index. You can trade more than 250 cryptocurrencies via its trading platform, which include the top ones as well as some lesser-known yet profitable options. You can invest your money in Bitcoin, Litecoin or Ethereum, which are currently leading the crypto market or you can go with Monero, Zcash, Ripple, Dogecoin, Bytecoin and Dash, amongst others.
If you want to diversify your portfolio, Solid Invest is ready to facilitate you in that regard as well. The broker may be committed to cryptocurrency trading, but it is also offering CFDs (Contract for Difference) to its clients. You can find plenty of variety here as well and you can trade CFDs on stocks or even the forex market. This enables traders to minimize their risks as much as possible and to maximize their profits. With Solid Invest, you can trade the cryptocurrency of your choice and also invest in other financial markets to balance out your investment portfolio.
- Solid Invest paves the way for easy registration
There are hundreds of people out there who wish to trade in the cryptocurrency market, but do not take a step forward because they find the entire process very daunting. Most brokerages have very complicated and time-consuming registration procedures that can often discourage people from moving to the next step. Moreover, they keep their clients waiting for days before approving their registration request, which is even more frustrating. The cryptocurrency market can change within seconds and waiting for so long means that you might not be able to take advantage of numerous movements.
If you don’t want to face these issues, Solid Invest should be your go-to broker. This broker doesn’t just claim to make registration easy; it actually does it. To start the process, all you have to do is share some basic information about yourself. Clients are asked to provide their full name, email address, phone number, password and their location. It is necessary for them to be above the age of 18 to be able to sign up with the brokerage. Next, you have to accept the terms and conditions outlined on Solid Invest’s website and you will be good to go. Some verification documents also have to be submitted to ensure you don’t have a problem in depositing and withdrawing funds.
- Solid Invest has a strong security policy
If you have looked into the cryptocurrency market, then you are aware that it has become a breeding ground for scams. From shoddy scams to sophisticated ones, you can find all kinds in the market and hordes of people have fallen into their trap. Even big exchanges have been hacked and brokerages have also turned out to be full-fledged scams. Therefore, it is understandable that every trader will be apprehensive when they are signing up with a broker. After all, they will have to share very sensitive and confidential information with the broker and also deposit their money with them. If the broker doesn’t take security seriously, it could lead to disastrous consequences for the trader.
Another advantage that Solid Invest offers to its clients is complete peace of mind with a strong security policy. The security measures they have implemented indicate that the broker has spent time and effort into putting their clients at ease. First and foremost, they use the highest SSL (Secure Socket Layer) encryption to keep every single data shared by clients under wraps. Their aim is to provide complete anonymity to their clients and this is exactly what they accomplish through this kind of encryption. The broker stores most of the portfolio investments offline and traders remain unidentified on their records via encryption systems.
In addition, an Anti-Money Laundering (AML) policy is also in effect, which doesn’t allow traders to use someone else’s account for adding or withdrawing funds. They are only allowed to use accounts in their own name or the name they have used to register with the broker. The KYC (Know Your Customer) policy is also in effect for the purpose of verification. Traders are asked to provide verification documents for proof of identity and proof of address. The purpose is to prevent any shady individuals from registering with the broker in order to gain inside access.
- Solid Invest has devised various trading plans
Just like every broker is different, so is every trader. Even if they have the same skill set, they may have different levels of risk tolerance or may not have access to the same amount of capital. Therefore, all traders cannot be fit into a single trading plan. This has prompted all brokers to come up with multiple account options that traders can explore and opt for one that seems to be the best fit for their needs. At Solid Invest as well, you will come across different trading plans. However, the benefit this broker offers over the rest is that its options are a lot more diverse and varied. A total of five choices are provided and these are:
The first account option is called Explorer and Solid Invest has set a minimum deposit of $1,000 and a maximum deposit of $2,000. This clearly indicates that this account is best suited for newcomers. They will be given a 30% welcome bonus and can access profession chart, along with 24/7 customer service under this account.
The second account option is referred to as Basic and the minimum and maximum deposit requirement set by Solid Invest are $2,000 and $10,000, respectively. This account is meant for traders with some exposure and knowledge and so, it includes a 50% welcome bonus. A personal analyst is also included and an introductory private session with the analyst is included. Apart from that, this account comes with weekly market news and also financial research for assisting traders.
The third trading plan at Solid Invest is called Silver and it needs a deposit of at least $10,000 to be opened. Along with features of the other two accounts, this one gives a 75% welcome bonus and gives monthly private sessions with an analyst. This account is good for traders with some experience under their belt and are intermediate traders so they can increase their investment up to $25,000 when trading through this account.
The fourth account choice developed by Solid Invest is defined as Gold and it has set $25,000 and $99,000 as minimum and maximum deposit requirements. Now the sessions with the analyst go from monthly to weekly because this account is for skilled traders and they have a bigger trading portfolio. The account has a 100% welcome bonus and boasts a smart money management plan as well.
The last account choice that traders will find at Solid Invest is called the Platinum account and it can be opened with a minimum deposit of $100,000. It is meant for professional traders who have a very high trading volume and so this account gives them a direct line to their personal account analysts. The senior account analyst also helps traders in devising a long term financial plan. A 150% welcome bonus is provided to the traders and they can increase their capital to as high as $499,000. 5 protected trades are also included under this account.
- Solid Invest has excellent and supportive trading conditions
The trading conditions offered by a broker are extremely important because they will affect your bottom line i.e. the profits you make. The trading conditions will determine how much costs, trading fee and other expenses you are charged and what you can take home. The issue is that most brokers don’t reveal their fees and other costs upfront and traders are hit with sudden expenses later on, which can be very demotivating because they can eat into your profits.
A benefit that you get at Solid Invest is that the broker is completely transparent about their fee and charges. They do not ask you for any registration fee when you are signing up and don’t spring up any hidden charges on you later on. They offer some of the lowest commission rates of 0.87% in the market, which most other brokers do not provide. They do have charge a fee if you leave your account inactive for more than 3 months and this is about 10% of the account balance. Traders are also given the option of using leverage when trading, which allows them to make bigger trades.
- Solid Invest provides numerous payment solutions
Depositing funds and withdrawing your profits is part of the trading process and you obviously want it to be as easy and convenient as possible. However, this can vary from broker to broker because not all will offer you the same options. Solid Invest has incorporated numerous trading solutions to cater to the needs of all kinds of traders. If you are a traditional trader and prefer to use bank wire transfers, you will be able to do so at Solid Invest. The broker has also added debit and credit cards for convenience of its clients.
Solid Invest has also kept up with technology and trends and added the option of using e-wallets since they are being preferred by a lot of traders. Deposits don’t incur any charges, but there are charges on withdrawal that vary, based on the method you use. Furthermore, in accordance with AML rules, traders have to use the same method for withdrawals as the one they use for deposits. The minimum requirements for deposits will depend on the account you open and for withdrawals, on the chosen method.
Along with these benefits, Solid Invest has also ensured that its clients have 24/7 access to customer assistance when they need. Several methods can be used for getting in touch with their representatives like phone, email and web contact form and they are very responsive and friendly. Plus, the broker has also provided advanced tutorials on their website, along with other educational resources. You can learn about trading jargon to become familiar with the market. There are also various trading tools like cryptocurrency exchange calculator provided for helping crypto traders know real and actual prices of different cryptocurrencies. Combine all of these benefits together and Solid Invest becomes one of the top-notch solutions for profitable cryptocurrency trading.