ANSWER Solutions Markets is an unlicensed broker even though it states offers that look too good to be true.Solutions Markets presents zero details on its regulatory status, a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. In addition, this broker carries multiple warnings for engaging in fraudulent activities issued by various authorities, including:1) the British Virgin Islands Financial Services Commission (BVI FSC), and you can check the full warning here;2) the Austrian Financial Market Authority (FMA), and you can check the full warning here;3) the UK’s Financial Conduct Authority (FCA), and you can check the full warning here.Regarding your question, since Solutions Markets is an unlicensed broker, we would suggest not to trade with this broker. Letting them hold and control your funds or trading with them is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we would recommend staying away from such unregulated brokers as Solutions Markets and trading with fully regulated brokers.
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