SolaryStone Review solarystone.com Scam? – Forex Broker Reviews, Trading Platform Reviews

SolaryStone Review: Is It a Legitimate Forex Broker or a Scam?

In the world of online trading, there are numerous Forex brokers that claim to offer lucrative opportunities to investors. However, with so many options available, it can be challenging to determine which ones are reliable and which ones are scams. In this review, we will take a closer look at SolaryStone (solarystone.com) to determine if it is a legitimate Forex broker or a scam.

Overview of SolaryStone
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SolaryStone is a relatively new online Forex broker that touts itself as a cutting-edge trading platform offering competitive trading conditions and 24/7 customer support. The company is registered in the British Virgin Islands and operates under the jurisdiction of the Financial Services Commission (FSC).

Features and Trading Conditions
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One of the key features that sets SolaryStone apart from its competitors is its low minimum deposit requirement of $100. This is a relatively low threshold, making it more accessible to new traders. The broker also offers a range of trading accounts, including the Mini Account, Standard Account, and VIP Account, each with its own unique set of features.

As for the trading conditions, SolaryStone offers a very competitive spread of 1.2 pips for the EUR/USD currency pair. The broker also offers leverage of up to 1:500, which is higher than many other brokers in the industry. This means that traders have more flexibility to take larger positions and potentially earn greater profits.

However, it’s worth noting that SolaryStone’s trading conditions are heavily weighted in favor of the broker. This means that traders will likely incur significant losses if the market moves against them.

Scam Report
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Despite its competitive features, SolaryStone has been the subject of several scam reports. Many traders have reported exploding accounts, where their accounts were suddenly closed or suspended without warning, resulting in the loss of their entire balance. Others have reported difficulties in withdrawing their funds, with the broker often citing technical issues or pending review.

Conclusion
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While SolaryStone may seem like a legitimate Forex broker on the surface, the numerous scam reports and negative reviews suggest that it may be a scam. The broker’s trading conditions are heavily weighted in its favor, making it difficult for traders to profit consistently. Additionally, the company’s poor customer service and lack of transparency only add to the concerns.

In conclusion, we would not recommend SolaryStone to any traders, and