Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
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Solid ECN Pros & Cons
- Wide selection of tradable assets.
- Low entry threshold of 1 USD.
- Possibility to use leverage.
- Provision of trading accounts with different characteristics.
- Access to passive income generation.
- Advanced MT5 trading platform.
- Trading bonuses on each deposit.
- Lack of reliable regulation.
- Limited choice of payment methods.
- Inability to invest funds in managed accounts (MAM and PAMM), ready-made asset portfolios, or ETFs (exchange-traded funds).
Solid ECN is an STP, ECN, and NDD broker, registered in 2020 in Saint Vincent and the Grenadines. It serves as an intermediary for trading currency pairs and CFDs in the over-the-counter market. Solid ECN clients can execute trades with leverage on MetaTrader 5 platform, using Standard, cent, Islamic, and ECN (Electronic Communication Network) accounts. The broker allows various trading strategies, offers protection against negative balance, and executes orders with ultra-fast speed. No Dealing Desk (NDD) provides unfiltered access to interbank market rates of exchange similar to Straight Through Processing (STP).
TU Expert Verdict
Solid ECN carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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Solid ECN User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of Solid ECN have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Solid ECN with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Solid ECN’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Solid ECN Standard spreads Solid ECN OANDA FOREX.com EUR/USD min, pips 0.1 0.1 0.7 EUR/USD max, pips 0.3 0.5 1.2 GPB/USD min, pips 0.2 0.1 0.9 GPB/USD max, pips 0.6 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Solid ECN RAW/ECN spreads Solid ECN OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 4 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.1 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Solid ECN. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Solid ECN Non-Trading Fees Solid ECN OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Solid ECN Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.2 /10Solid ECN has a safety score of 4.2/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
Solid ECN Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level Abbreviation MISA (Mwali) Full Name Mwali International Services Authority Country of regulation The Comoros Investor Protection Fund No specific fund Regulation Level Tier-3 Solid ECN Security Factors Foundation date 2020 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.3 /10Solid ECN offers the following account options: Demo, Standard, ECN/Raw spread, Micro.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Low minimum deposit
- Forex account with Micro lots
- Demo account
- No Cent account
- No VIP account option
Solid ECN account types vs top competitors Solid ECN Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro YesNoYesSwap Free NoNoYesVIP NoNoNoManaged NoNoNoSolid ECN accounts trading conditions
According to the Solid ECN account specifications, the minimum deposit size for all account types is $1. However, this amount is not sufficient to cover the margin, so for trading with leverage on a Micro account, a minimum of $5 must be deposited, and for Standard and ECN accounts, the minimum is $10. The maximum leverage for all account types is 1:1000.
Account types:
Account Type Description Micro This is a cent account with instant execution that allows placing orders in 0.001 lots. It is exclusively for trading currency pairs. Bonus offers are not available for Micro account holders. The execution speed is fast. Standard A standard account is for trading currencies, commodities, indices, and cryptocurrencies with market execution. The execution speed is ultra-fast, and the minimum trade volume is 0.01 lots. ECN An account for experienced traders with near-zero spreads and a commission per lot. The execution uses the market type, and all orders are executed at lightning speed. The minimum trade order size is 0.01 lots. Islamic An Islamic account has ultra-fast execution and spreads from 1 pips. Swap-free trading is available only for major currency pairs. Another account type offered by Solid ECN is a demo account, which is a virtual version of a trading account designed for trading in a special simulator and does not require a monetary deposit.
Solid ECN is an STP and ECN broker, that provides trading accounts with different commissions, order processing speeds, and order execution methods, allowing each trader to choose the trading conditions that suit him best.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology3.2 /10Solid ECN received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Solid ECN offers limited payment options and accessibility, which may impact its competitiveness.
- Bitcoin (BTC) accepted
- USDT (Tether) supported
- BTC available as a base account currency
- No withdrawal fee
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
- No bank wire option
What are Solid ECN deposit and withdrawal options?
Solid ECN offers a limited selection of deposit and withdrawal methods, including BTC, USDT. This limitation may restrict flexibility for users, making Solid ECN less competitive for those seeking diverse payment options.
Solid ECN Deposit and Withdrawal Methods vs Competitors Solid ECN Plus500 OANDA Bank Wire NoYesYesBank card NoYesYesPayPal NoYesYesWise NoNoNoBTC YesNoYesWhat are Solid ECN base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Solid ECN supports the following base account currencies: USD, Bitcoin.
What are Solid ECN's minimum deposit and withdrawal amounts?
The minimum deposit on Solid ECN is $10, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Solid ECN’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.8 /10Solid ECN offers a limited selection of trading assets compared to the market average. The platform supports 200 assets in total, including 50 Forex pairs.
- Copy trading platform
- 50 supported currency pairs
- Crypto trading
- Futures not available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Solid ECN with its competitors, making it easier for you to find the perfect fit.
Solid ECN Plus500 OANDA Currency pairs 50 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 200 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products Solid ECN offers for beginner traders and investors who prefer not to engage in active trading.
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Trading Account Opening
Score:We evaluated Trading Account Opening at Solid ECN by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with Solid ECN in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Solid ECN is $10. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Account setup process may feel less convenient for beginners
Solid ECN account opening Solid ECN Plus500 OANDA Online Registration YesYesYesMinimum deposit $10 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 8 10 KYC time (days) 1 3 3 Is Solid ECN available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To create a user account on the Solid ECN website, you need to go through the registration process. Here are the steps involved:
Launch the registration process by clicking the "Open an Account" button on the main page of the official Solid ECN website.
Fill out the account registration form. The company requests your first and last names, phone number, and email address. You also need to provide a password to protect your account. Additional personal information can be added to the user account. To log into the cabinet, enter your email address and password.
Features of Solid ECN’s user account:
- Opening a trading account.
- Replenishment of the created account.
Your Solid ECN user account also provides access to:
- Internal transfers, which allow transferring funds between accounts within a single user account.
- Requesting withdrawals through a special form.
- Refer a Friend allows generating referral links and statistics for invited traders.
- Verification process.
- Installation of trading platforms and launching the web trader.
- Enabling 2FA (Two-Factor Authentication), obtaining a PIN code for quick support, and resetting the password.
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Customer Support
Score:We evaluated Customer Support at Solid ECN by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.1 /10Customer support at Solid ECN is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Solid ECN provides basic support functionality but does not stand out in overall service performance.
InformationEvery trader can request assistance from Solid ECN specialists 24/7.
- The website has a LiveChat.
- You can talk to support via phone.
- You don't always receive a specific answer to your question.
- Company clients also use the website chat or the LiveChat option in the user account for direct communication with their employees.
If you intend to work with Solid ECN or are already a client of this broker, you can contact support using the following methods:
- Phone;
- Email;
- Live Chat.
On the company's website, there is a form through which you can request assistance by phone or email.
Contacts Foundation date 2020 Registration address Solid ECN Securities LLC, First Floor, First St Vincent Bank LTD, James Street, Kingstown VC0100, Saint Vincent and the Grenadines Regulation SVGFSA Official site https://solidecn.com/ Contacts info@solidecn.com +1 415 367 3742
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FAQs
What does the regulation and safety information reveal about Solid ECN’s risk level?
Solid ECN has a safety score of 4.2/10 and is classified at a Low security level, with Tier-3 regulation from the Mwali International Services Authority (MISA) in The Comoros. The broker offers negative balance protection and KYC verification, but it is not Tier-1 regulated, has no specified investor compensation fund, and has a relatively short track record since 2020, which may indicate higher regulatory risk compared with more established, higher-tier jurisdictions.
How do reviews describe Solid ECN trading commissions, spreads, and non-trading fees?
The commissions and fees of Solid ECN are rated with a score of 8/10, indicating generally low trading and non-trading costs in this review. The section notes tight EUR/USD spreads on Standard accounts (typically 0.1–0.3 pips), ECN commissions of $4 per lot with average 0.1-pip spreads on major pairs, and no inactivity, deposit, or withdrawal fees according to the analyzed data.
What account types does Solid ECN provide and what key conditions are mentioned in reviews?
Solid ECN offers Demo, Micro, Standard, ECN/Raw, and Islamic accounts, but does not provide Cent, VIP, or managed accounts according to the review. The minimum deposit is stated as $1 for all accounts, though at least $5 is needed for Micro and $10 for Standard and ECN to cover margin, with maximum leverage of 1:1000 and varying execution types and minimum lot sizes depending on the account.
Which markets and tradable assets are highlighted in reviews of Solid ECN?
The review states that Solid ECN supports 200 tradable assets, including 50 currency pairs, along with stocks, commodity futures, cryptocurrencies, and stock indices. It also notes that bonds, ETFs, options, PAMM investing, and managed accounts are not available, while a copy trading option is offered.
What do reviews and feedback say about Solid ECN customer support availability and channels?
Customer support at Solid ECN is described as available 24/7 via phone, email, and Live Chat, with an additional contact form on the website. Reviews note that response times are moderate and basic assistance is provided, but the quality and specificity of answers can vary, and some requests may require follow-ups.
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Thank you for your feedback. However, please note that the Solid ECN team never contacts users to offer any services. It is very likely that the call you received was fake.