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solidary markets-fx

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Is SMFX legit?
Crypto Georgiou
El Salvador
Sep 08, 2025
ANSWER Dear Investor, SMFX, also known as Solidary Markets FX, has a recorded history of operating without proper regulation. As early as December 14, 2021, BrokersView identified it as an unregulated forex broker. The platform claims to provide financial services but asserts it falls outside the scope of New Zealand’s Financial Services Providers (FSP) Act 2008, thereby avoiding registration requirements. This means it operates entirely outside the regulatory oversight of New Zealand. Further red flags include a warning from Spain’s financial regulator, the Comisión Nacional del Mercado de Valores (CNMV), which added Solidary Markets FX to its list of unauthorized firms, confirming it has no permission to offer investment services in Spain. These facts clearly show that Solidary Markets FX has never been regulated or supervised by any legitimate financial authority, leaving investors’ funds unprotected and exposed to significant risk. In essence, it is a scam broker. Now, the entity has rebranded with a new logo and claims to be registered in Saint Vincent and the Grenadines. However, it provides no verifiable regulatory details. Our investigation into the registry of Financial Services Authority (FSA) of Saint Vincent and the Grenadines reveals that its IBC registration is marked as "cancellation pending," indicating serious compliance issues. Given its persistent pattern of misleading claims and lack of legitimate regulation, SMFX remains an active fraudulent operator. We strongly advise you to avoid any trading or investment activity with this platform.
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What currencies are accepted in Solidary Markets FX?
Ade
Kazakhstan
Mar 14, 2023
ANSWER Solidary Markets FX is an unregulated trading platform even though it states offers that look too good to be true.When we read the information on this broker's website, we noticed the company Solidary Markets LLC, claiming to own and operate Solidary Markets FX, is registered in St. Vincent and the Grenadines with license number 376. We did find this firm's records on the website of St Vincent & The Grenadines Financial Services Authority (SVG FSA). However, it should be noted that SVG FSA does neither issue forex licenses nor regulate forex activities.In fact, Solidary Markets FX operates without oversight from financial regulatory authorities. That means investors' funds deposited in this broker are unsafe and trading with it comes with huge risks. Regarding your question, we would suggest investors stay away from unlicensed brokers like Solidary Markets FX and trade with fully regulated brokers.
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Somebody told me he make great profit and recommended me this broker. Is it reliable?
Chhaiya
Kuwait
Jul 04, 2022
ANSWER Solidary Markets FX is not a regulated or licensed broker for traders even though it states offers that look good to be true. Solidary Markets FX claims to be authorized by New Zealand Financial Markets Authority (NZ FMA). We searched NZ FMA and found a matching result. However, Solidary Markets FX has not authorized to provide forex services, according to NZ FMA. More importantly, the Spanish regulator CNMV added Solidary Markets FX into the unregulated firm alert, warned that Solidary Markets FX ("SMFX") is not authorised to carry out investment services and activities in Spain as a result of lacking necessary authorization. You can check the full warning from here.These proofs make it clear: Solidary Markets FX is actually not regulated by any regulators to provide forex services. That means investors' funds in the broker is unsafe and cannot be protected by any laws. We would recommend traders stay away from unregulated brokers like Solidary Markets FX and trade with licensed brokers.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.