Solid ECN Securities | Broker Discussion

SOLIDECN

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Introduction

True ECN Broker Raised from Trader for Traders​


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Dear readers,

I’m Zane, the official representative and the CEO at Solid ECN Securities. This is the topic made for the purpose of presenting our products, features, assisting traders, and receiving their feedback in order to upgrade our services. We don’t wish any of the dear members to have a wrong idea or euphemism of the nature of our business. We have established this company to make a change in the business float, and make the trading transparent for real.

We can state with confidence that Solid ECN is a neat and steady bridge designed for trading the world, but with one major difference in comparison to similar companies. Solid ECN is raised From Traders for Traders.

This topic will be about answers and transparency, and I hope you stay with us.​
 
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SOLIDECN

Member
73 1


Inception

True ECN Broker Raised from Trader for Traders​

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Solid ECN is developed by a professional team with more than a decade of experience in trading, IT, and brokerage development. Gradually over the years, we collected priceless information on the market demands. We have learned how to safeguard and secure the trading environment on contracts.

It was in early 2019, that we were determined to establish an independent bridge/hub to protect our accounts and trades. It was at that time we came up with the idea of Solid ECN Securities. We started with a self-developed platform, but due to the trading demands, the platform could meet our minimums only. Therefore, we stepped up and made it to the next level.

We formed the company and hired more experts to expand the Solid ECN Securities brand worldwide. The pillar of the company is to provide secure trading without discrimination.​
 
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SOLIDECN

Member
73 1

Platform​


True ECN Broker Raised from Traders for Traders​

The popular trading platforms are narrowed to a few. We chose the newest and the most advanced platform that is available in the market, the MetaTrader 5!​

Why MetaTrader 5?​

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Contrary to commune belief, MetaTrader 5 is not an upgrade of MT4. The MT4 platform was developed for trading in the Forex environment, whereas MT5 was coded for CFDs, Stocks, and futures access. To be short, MetaTrader 5 is for more experienced and advanced traders, but before we go with the MT5, at Solid ECN we ran a survey of the traders we know, and found out that most rookies and novice users are already with the MT5 platform, and for the first time the MT5 users have surpassed the MT4’s!

Major differences
  • MT4 has 9-time frames, whereas MT5 offers 21-time frames. More time frames assist technical analyzers to have a better conception of the market movement.​
  • MT 4 has 4 pending orders, whereas MT5 provides 6 types of pending orders.​
  • MT 4 doesn’t have the market depth, but MT5 market depth is accessed within the chart.​
  • MT5 has the Economic calendar on default.​
  • MT4 has 4 types of pending orders, whereas MT5 holds 6 types.​
  • MT4 allows hedging only, whereas MT5 allows both hedging and netting on request.​
  • MT5 has 38 technical indicators, 44 analytical objects and unlimited charts​
  • Partial order filling policies (fill/kill or cancel return) is another advantage of the MT5 for advanced traders.​
  • The strategy tester of the MT5 platform is multi-threaded but MT4 is single-threaded.​
MetaQuote corporation has been sending announcements about stopping MT5 updates. Therefore, we believe it was in the best interest of all parties to go with the MT5 platform!​


What is your favorite trading platform, And Why? Comment below!
 
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SOLIDECN

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Monday Morning Market Review


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EUR/USD
The European currency shows a moderate decline against the US dollar during the Asian session, correcting after a significant increase last Friday, when investors were actively buying the single currency amid the publication of upbeat macroeconomic statistics from Europe. The Consumer Price Index in the euro area in December rose by 5% after increasing by 4.9% a month earlier. Analysts had expected the dynamics to slow down to 4.7%. At the same time, the Core Consumer Price Index retained the same dynamics at 2.6%, which also turned out to be slightly better than the market forecasts of a slowdown to 2.5%. Retail Sales in November showed a record growth of 7.8% after increasing by 1.7% a month earlier. Market expectations assumed the growth of the indicator by 5.6%. In turn, the American currency came under pressure after the release of the controversial report on the US labor market for December. In particular, Nonfarm Payrolls in December 2021 amounted to only 199K, having fallen from 249K in November. Forecasts suggested an increase of 400K.

GBP/USD
The British pound is trading near zero against the US currency during the morning session, consolidating around 1.3580 and local highs from November 9. At the end of the last trading week, the pound managed to demonstrate a fairly confident growth, which was the market's reaction to the emergence of not the strongest macroeconomic statistics from the United States. Investors were disappointed by the weak growth in Nonfarm Payrolls in December. The real dynamics turned out to be twice as bad as the market forecasts at the level of 400K, while the other parameters of the report turned out to be quite optimistic. The Unemployment Rate in December continued to decline and reached 3.9% after 4.2% in November. Statistics from the UK also did not help to clarify the situation on the market. Markit Construction PMI in December fell from 55.5 to 54.3 points, which turned out to be slightly better than the market forecasts of a decline to 54 points. Halifax House Prices in December remained unchanged at 1.1%, while investors expected it to decline to 0.7%.

NZD/USD
The New Zealand dollar has seen a slight decline against the US currency during the Asian session, correcting after Friday's gains that interrupted a two-day "bearish" rally. Following the decline in the middle of last week, the New Zealand dollar renewed its local lows from December 21. The development of the downtrends was facilitated by the statements of the representatives of the US Fed, who signaled an imminent tightening of monetary policy in the country against the background of the continuing growth of inflation and stabilization in the labor market. In turn, Friday's report on the US labor market for December 2021 somewhat cooled the fervor of investors. Nonfarm Payrolls grew by only 199K in December, which turned out to be worse than not only the forecasts of 400K, but also the previous value of 249K. Trading activity today remains low due to the relatively empty macroeconomic calendar. Investors expect clarification of the situation with the prospects for tightening monetary policy by the US Federal Reserve, but the news will appear only on Tuesday, when the Chair of the regulator Jerome Powell will give a speech in the US Congress.

USD/JPY
The US dollar shows restrained gains against the Japanese yen in Asian trading, testing 115.80 for a breakout. The instrument is recovering from its local lows, which were updated due to the development of "bearish" sentiments at the end of the last trading week. At the same time, the pair continues to hold near record highs. The positions of the American currency strengthened again last week after the publication of the "hawkish" minutes of the US Federal Reserve meeting, which indicated the likelihood of a faster tightening of monetary policy by the American regulator in the near future. In particular, the US Fed may agree to the early completion of the quantitative easing (QE) program, which will entail a shift in the timing of the start of the cycle of raising interest rates. Statistics from Japan, released last Friday, leave much to be desired. Household Spending in November fell again by 1.3% after falling by 0.6% in October. Analysts had expected positive dynamics to appear at 1.6%. At the same time, Tokyo Consumer Price Index in December increased from 0.5% to 0.8%.

XAU/USD
Gold prices show a slight decline at the beginning of the new week, consolidating near 1800.00. Pressure on the instrument's position is exerted by the minutes of the US Federal Reserve meeting published last week, which indicated the "hawkish" position of the American regulator regarding the tightening of monetary policy. The US Fed notes high rates of growth in consumer inflation, as well as a tense situation in the labor market. At the same time, Friday's report on the US labor market showed weak growth in Nonfarm Payrolls. In December, only 199K jobs were created, while investors hoped to overcome 400K.​
 

SOLIDECN

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73 1

Solid ECN Review


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SOLIDECN

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Solid ECN Refund Policy​

True ECN Broker​


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There is no perfection in services online, and when funding is involved, we believe that the merchant should have a transparent refund policy. Solid ECN Securities acknowledges customer rights, and for that reason, we drafted the Solid-Refund policy.

There are circumstances when it is essential to return payment. Clients may submit a refund petition if the merchant service was not as described or the service was not functional or if the client justifies the reason.

We tried to make the money return policy concise, simple, and clear to give our customers a feeling of security. That is why we guarantee our services, and if it wasn’t as described the consumer has the right to apply for the return of his money.​
 

SOLIDECN

Member
73 1

Solid ECN Account Types


True ECN Broker from Traders for Traders

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Solid ECN gives multiple account types on the MetaTrader 5 trading platform to help individuals and corporate customers to exchange Forex and Derivatives online.

All Retail, associates, and White-Label clients have the possibility to access various spreads and liquidity via state-of-the-art automatic trading platforms. Solid ECN grants an exceptional type of account options that clients can choose to experience a tailored trading experience that perfectly fills their needs.

United with excellent trading conditions and lightning-fast execution, Solid ECN provides all the tools and aids required for clients of any level to accomplish their trading goals.
Min Deposit
Max Leverage
Min Spread
Fee
Micro
$1​
1:1000​
2 pips​
No​
Standard
$10​
1:1000​
1 pip​
No​
Swap Free
$10​
1:1000​
1 pip​
No​
ECN
$10​
1:1000​
0​
0.3 pips​

Feel free to create a free trading account.​
 

SOLIDECN

Member
73 1
Solid ECN Securities
Trade with True ECN Broker
> 1:1000 Leverage
> Spread from Zero
> %40 Deposit Bonus
> Fast Withdrawal
> Lightening Execution
> Scalp > Hedge > News Trading Allowed
> Negative Balance Protection​

NZDUSD

The market is updating November highs

Current trend
The pound is trading upward against the US currency during the morning session, renewing new local highs from November 4 and testing 1.3645 for a breakout.

Significant support for the instrument is still provided by the expectations of a further increase in interest rates from the Bank of England, which is still ahead of the US Fed, having adjusted its monetary policy in December. In addition, investors are positive about the success of the British government in overcoming the next wave of coronavirus. The country has managed to avoid the return of large-scale restrictions, while, despite high incidence rates, the UK has not faced an overload of the health care system due to high herd immunity and low fatality of the Omicron strain.

But the macroeconomic statistics from the UK published yesterday left much to be desired. BRC Like-For-Like Retail Sales fell sharply from 1.8% to 0.6%, which turned out to be worse than analysts' average forecasts. At the end of the week, investors expect the publication of a large block of macroeconomic statistics from the UK on the dynamics of GDP and industrial production in November.

Support and resistance
Bollinger Bands in D1 chart show stable growth. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, reversed into a horizontal plane, indicating strongly overbought GBP in the ultra-short term.

Resistance levels: 1.3650, 1.37, 1.375, 1.38.
Support levels: 1.36, 1.355, 1.35, 1.346.​
 

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SOLIDECN

Member
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Solid ECN Promotion​

True ECN Broker​

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With the Solid-Credit promotion, you can trade more efficiently, and be more confident by having more money on your balance. The biggest advantage is that the bonus is trade-able, and you are free and entitled to withdraw profits earned from the account with Solid-Credit anytime with no limitations.

> %40 more margin on your balance
> Negative balance protection
> No change in the leverage
> Applies to any deposit
> Unlimited withdrawal
> Trade-able​

Open an account with Solid ECN Securities today.
 

SOLIDECN

Member
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Solid ECN Securities​

Payment Methods​


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Solid ECN Securities added more than 50 cryptocurrencies to its payment system. Our clients at Solid ECN can manage their account funding by a wide range of cryptos, from bitcoin to Zilliqa, all are available as the account funding option at Solid-Dashboard.

Solid ECN took this step to offer cost-effective payment methods for its customers. The blockchain transfer fee of the major cryptocurrencies have been increasing, therefore, retails are oriented to try the alternatives.

With Solid ECN, any trader can take advantage of +50 crypto payments.

> It is secured;
> It is undisclosed;
> it is decentralized.

How do you fund your account? Please comment below, we value your feedback.​
 

SOLIDECN

Member
73 1

Trade Exxon Mobil with Solid ECN Securities​

True ECN Broker​

> 1:1000 Leverage
> Spread from Zero
> %40 Deposit Bonus
> Fast Withdrawal
> Lightening Execution
> Scalp > Hedge > News Trading Allowed
> Negative Balance Protection​

Exxon Mobil, a steady uptrend

Current trend

The stocks of Exxon Mobil Corp. ended last week at a new 52-week high. From a December 3-month low, the issuer grew by more than 18.5%, up 12.57% over the past week, while the S&P 500 fell by 2.12%.

Since the beginning of 2022, macroeconomic news has supported the instrument. The Food and Drug Administration (FDA) has issued a statement that the Omicron variant causes less severe disease, and the epidemic wave will quickly peak and subside by February. A strong December report on employment in the private sector, with the number of new jobs in 807K people, was twice as high as market expectations. At the same time, an increase in daily oil production by 400K barrels since February as part of the recent OPEC+ meeting increased investor confidence in market stability.

Also, last week Exxon Mobil Corp.'s biggest skeptic, Truist Financial Corp. analyst Neal Dingmann, upgraded its stock rating to Neutral, raising its price target from $50 to $65. The raise was based on his more favorable forecast for a dividend increase and share repurchases in 2022.

Support and resistance
Stocks are showing a steady uptrend, renewing the key extremes. Currently, the quotes are consolidating within the range of 68.00–71.50. There is potential for further growth. Indicators indicate the strength of buyers: the price has consolidated above MA (50) and MA (200), the MACD histogram is in the positive zone. It is better to open the positions from the key levels.

Comparative analysis of the company's multipliers and companies-competitors in the industry indicates the neutrality of the asset.

Resistance levels: 71.50, 75.00, 78.00.
Support levels: 68.00, 66.00, 63.50.

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SOLIDECN

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Solid ECN Review​

True ECN Broker​

> 1:1000 Leverage
> Spread from Zero
> %40 Deposit Bonus
> Fast Withdrawal
> Lightening Execution
> Scalp > Hedge > News Trading Allowed
> Negative Balance Protection

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SOLIDECN

Member
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Trade Cryptocurrencies with a True ECN Broker

Solid ECN Securities​

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> Spread from Zero
> %40 Deposit Bonus
> Fast Withdrawal
> Lightening Execution
> Scalp > Hedge > News Trading Allowed
> Negative Balance Protection​


Cryptocurrency Market Review
This week, the cryptocurrency market attempted to grow. As a result, the leading assets strengthened their positions. Currently, BTC is trading around 42800.00 (+1.2%), ETH is at 3300.00 (+3.5%). The BNB token returned to third place and is moving around 485.00 (+10.2%). USDT is at 1.0004 (+0.02%) and SOL is around 148.00 (+4.5%). The total market capitalization reached 2.051T dollars by the end of the week. The share of BTC has decreased to 39.55%.

The upward movement of the market is likely to be speculative since there are no obvious fundamental growth factors. Support for digital currencies and other alternative assets was provided by the general weakening of the US dollar associated with high inflation in the United States and investors' doubts about the ability of the US Federal Reserve to limit it this year.

Traders are focused on the comments of US officials. In an interview with CNBC, the head of the US Securities and Exchange Commission (SEC), Gary Gensler, evaded the question of whether ETH is security, saying that the commission did not give public legal advice. However, Gensler noted that companies that collected money from citizens and promised them profits could fall under securities laws. He also confirmed the need to create legal mechanisms that allow investors to receive all the necessary information from cryptocurrency companies before investing. The SEC continues the lawsuit with Ripple, proving that the XRP token was a security, and the company's management violated relevant US law when creating it. Ripple lawyers are trying to get an explanation from the regulator about why it considers XRP security, while several other currencies, in particular ETH, do not, hinting at the agency's bias. In this context, Gensler's refusal to comment on the status of ETH may indicate the weakness of the regulator's position and the prospects for Ripple to win the lawsuit. On Tuesday, at a Senate hearing, US Federal Reserve Chairman Jerome Powell promised to submit a report on studying the prospects for a national digital currency (CBDC) soon, which will be an important step towards creating a digital dollar. Powell also said that CBDC would not force private stablecoins out of the market, and they would be able to coexist.

From the news of the financial industry, it is worth noting the possibility of launching the payment company PayPal Holdings Inc.'s stablecoin backed by the US dollar, according to Bloomberg sources. Employees of the corporation note that the new currency should ensure the expansion of payments and customers' security. The product is currently under development and is awaiting approval from US regulators. Meanwhile, payment giant Visa Inc. in collaboration with ConsenSys, develops a technical solution for using state digital currencies in everyday payments. The corporation's management said that the company has already held consultations with the central tanks of several countries. The implementation of the new solution will allow customers to make any payments using CBDC at all points that accept Visa cards. Corporation employees surveyed small businesses in nine countries and found that 24% of them are ready to accept payments in the digital currency this year. Not surprisingly, the public's continued adoption of crypto assets is pushing Visa Inc. and other major financial companies to expand their cryptocurrency services. Finally, this week, it became known that Tesla Inc. is preparing to sell some of its products for DOGE and SHIB tokens. Currently, payment technologies are being tested, but the purchase itself is not yet available. Given the constant support of the head of the corporation Elon Musk of digital assets, especially DOGE, it can be assumed that payments in cryptocurrencies will be accepted soon.

Next week, quotes of most cryptocurrencies may consolidate or resume their decline.​
 

SOLIDECN

Member
73 1

Solid ECN Products​

Trade with a True ECN Broker​



A professional method to secure assets reasonably is diversified trading. Trading on limited numbers of instruments was never suggested by the market leaders and hedge funders. They always spread their investments among commodities, indices, and or currencies. Diversity is one of the many keys to having success in the trading world.

At Solid ECN, clients have access to trade the world with high leverage whilst the spread is tightened at its minimum. You can create your dealing basket to enjoy the product diversity with Solid ECN. We strive to offer our customers the most popular and trending products, and we made a live and long list of trading instruments.

As of writing the list contains 250 products including. Open a free demo account here to see the whole list.

> Forex (Major | Crosses | Minor)
> Precious Metals (Gold | Silver | Palladium | Platinum)
> Energy (Brent | WTI)
> Indices (spot)
> Nasdaq
> EPA (Adidas | British American Tobacco | BMW | Airbus and more …)
> Cryptocurrencies (Cardano | Algorand | BNB | Dogecoin | Ripple and more …)​
 

SOLIDECN

Member
73 1

Negative Balance Protection​

Solid ECN Securities
True ECN Broker​

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Volatility often occurs in the market. Solid ECN has always been committed to the highest standards.

With the Solid-Shied feature, the traders don’t have to worry about having a negative balance with Solid ECN. This means that even under highly volatile situations when margin calls and stop-outs do not function accurately, no client with Solid ECN is responsible for paying back a negative balance.

Solid-Shield automatically adjustments the balance to zero in case the it becomes negative after a stop-out. The process of reset is automatic.​
 
 
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