Sollari Review – Scam or Legitimate Forex Broker
Sollari is a major provider of a variety of brokerage services, including foreign exchange pairs, CFD shares and CFDs. The broker offers services across several major markets, including Australia and the UK. The broker has a number of particular advantages: it offers a powerful platform for trading that has been developed by specialists. In terms of usability, the platform has a distinctive range of helpful trading tools designed to help you manage your order flow. It also offers a mobile app that enjoys compatibility with multiple mobile operating systems.
In this Sollari review, Sollari will be looked at in-depth, and you can find out whether or not it is the right broker for you.
- Offers a powerful trading platform
- Provides good leverage options, including as high as 500:1 in some cases
- Trading on all devices
- Gives customers a range of customer service options
- All strategies are allowed
- Leverage levels vary considerably between asset classes
- Not European regulated
WHAT CAN YOU TRADE WITH SOLLARI?
Foreign exchange is a big part of the offer at Sollari. As this Sollari forex review will go on to explain, the broker provides more than 45 pairs for traders to choose from. Major currencies, such as the Canadian dollar and Australian dollar, are represented, while less well-known ones, such as the Singaporean dollar, are also on offer.
This Sollari broker review has explored the share CFD options available. More than 185 share CFDs from around the world are available to trade at this broker, with major names such as Facebook, Google, and Apple all represented.
Most of the well-known global indices are offered by Sollari for traders. In total, there are 10+ such indices – including the British FTSE 100, the German DAX 30 and many more.
This Sollari cryptocurrency review found that its crypto offering is relatively acceptable but not large by any means, with just the main cryptocurrencies available to traders.
With the main commodities for precious metals and energies available, you will be able to diversify your portfolio with oil and gold trading.
One downside of using Sollari is that there is no immediately obvious centralised view of the fees levied. The good news is that there are no deposit fees to be paid, and the broker does make this clear.
According to its sign-up screen, Sollari only offers a few account types. The main differences are mainly leverage and some better rates, but other than that, every trader has access to all features regardless of the account type.
This may be a downside for traders, many of whom like the option of switching between accounts with different benefits, such as more generous leverage levels. There is, however, a demo account option – so a trader can use the platform to practice before committing in full to a paid-for account.
You will find the complete flexibility to trade at the level you want. Whatever your trading strategy, level of funding or appetite for risk, from micro to unlimited trade sizes, there is an account to match your needs.
|BASIC ACCOUNT||STANDARD ACCOUNT||GOLD ACCOUNT||PRO ACCOUNT||VIP ACCOUNT|
|ACCOUNT CURRENCY||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP|
|SPREAD, PIPS||Fixed||Fixed||Fixed & Floating, Variable||Fixed & Floating, Variable||Fixed & Floating, Variable|
|QUOTATION (NUMBER OF MARKS AFTER POINT)||5 marks||5 marks||5 marks||5 marks||5 marks|
|MAX. TRADE SIZE||10 lots||20 lots||40 lots||50 lots||100 lots|
|MARGIN CALL LEVEL||40%||40%||40%||40%||40%|
|STOP OUT LEVEL||30%||30%||30%||30%||30%|
|TRADING PLATFORM||all devices||all devices||all devices||all devices||all devices|
|CUSTOMER SUPPORT||24/5 support||24/5 support||24/5 support||24/5 support||24/7 support|
When it comes to platforms, the Sollari offer is something of a mixed bag. It is anchored around the Sollari WebTrader platform, which is a Solid trading platform that comes with a number of decent features, including easy access to risk management tools such as ‘take profit’ orders. In addition, withdrawals and deposits can be made with ease – and there is also a useful calculation function that demonstrates trading volume in terms of both dollar value and in pip format.
This Sollari CFD review will now explore the usability of the Sollari platform. This is important to any potential trader, especially given that clarity can make all the difference when it comes to trading decisions.
The colour scheme of the platform is laid out in a distinctive way, with a dark background complemented by bold and bright colours, such as greens and reds, for individual elements. One particular usability-related advantage of the platform is that it comes with multiple technical indicators integrated into the system.
According to the Sollari website, there are several ways to get in touch with the company if you need some support. It is possible to get in touch via a dedicated support email address, while there is no live chat function for potentially more instant communication. There is also a telephone number. According to the broker, it offers its customer service provision 24 hours a day, five days a week.
In addition, this broker also provides a clear risk disclaimer that assists traders looking to get some information about the inherent risk of speculating on assets like these.
- Telephone: +442080892735
- Email: firstname.lastname@example.org
Customers of Sollari can benefit from a wide variety of different payment methods – and no matter what their preferred method might be, there will be a relevant option.
In terms of card payments, for example, customers can make their deposits via well-known names such as Visa.
When it comes to bank transfers, a wire transfer system is available for customers to use.
It is also possible to fund an account via bitcoin, so those who deal in cryptocurrency will have appropriate options available to them.
REGULATION AND DEPOSIT PROTECTION
The regulatory environment in which Sollari operates is complex. The broker is, in fact, owned by a company named Donecs LLC, and Donecs LLC is both the owner of the Donecs LLC trademark and also the provider of the investment products offered.
In terms of deposit protection, the client agreement document on the broker’s website suggests that the broker will place deposits into a “client-segregated bank account when required by Law”. It is worth reading this document in full in order to understand the extent to which Sollari will act to protect your cash.
Finally, it is important to emphasise that citizens from a range of countries are not permitted to trade at Sollari. These include major economies such as the US but also less prominent countries such as North Korea.
CONCLUSION FOR THE SOLLARI REVIEW
Although it’s relatively young in the markets, Sollari seems like a good choice for both beginner and expert forex and CFDs traders. Sollari was founded to cater to retail CFDs traders.
Sollari is a financial services provider that offers over 400 CFDs in forex, market indices, commodities and crypto. Sollari’s stock trading offering is also popular with traders. Most competing CFDs brokers offer about the same number of tradable instruments. Regarding leverage, this broker offers up to 400:1. Sollari’s CFD offering is higher than that of most leading CFD brokers.