Sollari Review: Cutting-Edge Technology or a SCAM?

Sollari - logo
Rating:
1.1

Sollari is a Crypto and Forex broker providing cutting-edge technology to traders. Perhaps you are wondering what kind of technology it is. Yes, we do too. However, let’s face it. We have concerns that this is a scam. Therefore, we will carefully check what the company offers such an exclusive and whether there are any complaints in reviews from traders about it.

Sollari General Information

Website https://www.sollari.io/
Phone Number +442080892735
Email support@sollari.io
Address Richmond Hill Road, Kingstown St. Vincent and the Grenadines
License
Minimum Deposit $5,000
Assets CFDs
Leverage 1:500
Trading Platform WebTrader

Registration and Client Portal Review

The official Sollari website even lives up to its name. Bright inserts on a white background look good. Photos of happy people who gathered together at work complete the overall picture. Of course, all this should hint to clients that the trading process is easier than it seems. As always, the broker talks a lot about its merits. Sollari claims that the goals of traders are important. Whether this is the case, we will check during the review.

Sollari - website

Well, at least at first glance, it’s really easy to register here. You will only need to fill out one form with personal data and contacts. We cannot attribute this to the advantages of the broker. If you want to open an account with a licensed company, you will definitely feel the difference. You can’t get off with one form there. On the contrary, Sollari doesn’t even check your email and phone number.

Registration

On the other hand, Solaris requires that you have a promo code. Seriously, you won’t register without it. Where can you get it? We don’t know. This question can be asked to the support. However, we know for sure that transparent brokers do not restrict registration and access to the Client Portal for their clients.

Sollari Trading Conditions

So, Sollari suggests trading the intelligent way and enjoying the process. Let’s see how much the broker’s trading conditions allow for this.

Account Types Review

The broker has only 5 types of accounts. We can immediately say that Sollari is not a beginner-friendly platform. You will have to fund the Basic account for 5 thousand dollars. And there is no demo here at all. By the way, the broker does not even consider a Basic account as a good option for trading. Sollari recommends opening a Standard account right away. Allegedly, it was created for beginners in retail trading. The broker claims that it will be comfortable to trade here with a deposit of 10 thousand dollars. A bold statement. It will be especially «appreciated» by beginners who do not understand anything about trading at all yet.

The next Gold account is intended for traders who want to trade large volumes. Tight spreads and no commissions are provided for them. That’s just you need to top up this account immediately for 25 thousand dollars.

The Pro account is designed for full-time traders who do this professionally. The leverage on it is 1:500. And the minimum deposit is 100 thousand dollars.

Finally, there is a VIP account with a minimum deposit of 250 thousand dollars. Here traders expect the best trading conditions and no restrictions on the size of lots.

At the same time, you need to understand that Sollari is just a CFD broker. It will not give you access to the interbank and access to the real Forex market. All these stories about the size of lots will remain stories.

Trading Platform

Since we do not have a promo code for registration, we could not see what kind of platform Sollari offers to traders. The broker claims that it can be downloaded to a PC or run on a web terminal. However, it does not provide download links either. Perhaps they are in the Client Portal. Besides, apparently there is no mobile application.

Sollari — Deposit and Withdrawal of Funds

The site lists several deposit methods. Among them are bank cards, bank transfers, and bitcoin. You can withdraw money using the same methods. Sollari does not mention commissions. About the terms of processing requests for withdrawal, too.

Verification

Judging by the fact that the site has a section with a KYC policy, verification is still required. Sollari claims to verify the identity of customers, as well as their residential address. Therefore, you will need to provide copies of the relevant documents. For example, passports and utility bills. It is not known whether this can be done in the Client Portal. As a last resort, you can send copies of the documents to the broker’s email.

Additional Options

No additional options are described in the broker’s trading conditions. Except that the promo code hints at the presence of a referral program. It may also be available from existing Sollari clients. However, there are no descriptions of affiliate programs on the site either.

Is Sollari a Scam?

We have said more than once that we do not like brokers with closed registrations. As a rule, they have something to hide. Let’s see what Sollari is trying to hide from us.

According to legal data, Sollari is registered in an offshore zone. Its management company is Donecs LLC. Unfortunately, the broker decided to choose the offshore zone of Saint Vincent and the Grenadines. There is no normal institution of regulation of foreign investment and Forex companies. They are simply given certificates of incorporation. The supervisory authority does not monitor the further activities of such brokers. So, if Solaris wants to get a license, it’s better to register in another jurisdiction. However, few companies do that. Especially when it comes to scammers. On the contrary, they prefer such opaque offshore zones as Saint Vincent and the Grenadines in order to be able to deceive traders in the future.

Legal entity check

Sollari.io Domain Info

Sollari is a fairly young company. The legal entity Donecs LLC was founded at the end of 2022. The date of domain registration also indicates the fact that the broker is only a couple of months old. The official Sollari website was launched on December 22, 2022.

Domain info

Contacts Review

Sollari specifies a phone number and email address for communication. And everything would be fine, but this phone number previously (and maybe still) belonged to another Mentor FX scam broker. There are just a huge number of spam reviews from this number on the web. According to users, scammers constantly call and offer to invest money. Sollari doesn’t have an office, either. The specified registration address is just nominal. The real branch of the broker is online. So you cannot even think about meeting with managers.

Pros and Cons

  • None.
  • The minimum deposit is too high.
  • Offshore legal registration.
  • No license.
  • The working time is too short.
  • Poor trading conditions.
2.8 TOTAL SCORE

Sollari Summary

Sollari - favi

There is nothing tempting about Sollari's offers. No cutting-edge technologies are provided here. The trading conditions are not too favorable. Besides, the broker is offshore and is not regulated by anyone. Therefore, you should not consider this platform for serious work in the financial markets.


Website information content 4
Client Portal 2
Trading conditions 3
Trading platform 3
Deposit and withdrawal 4
Verification 4
Extra options 2
Licenses and guarantees 2
Work duration 1
Feedback 3

Frequently Asked Questions (FAQ)

What Does Sollari Offer?

Sollari is a regular CFD broker. Even though the company promises you Forex and Crypto trading, you will only trade contracts for the difference in prices for these assets.

How Much Money Should I Invest With Sollari?

The broker is convinced that the bigger your deposit, the better. However, for whom it is better is a big question. In general, you will have to fund your account with at least 5 thousand dollars.

Is Sollari Safe?

No, it’s not. Offshore unregulated brokers are never a safe place for your money.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Financial Companies Reviews and Ratings
Leave a comment

Client Reviews

  1. Vanessa

    Another scam platform.

    If you didn’t know, then this brokerage company is just another copy of other scam projects. I’ll just throw it to you offhand: melioratelimited.com, medcofinance.com, medifinancelimited.com and so on. As you can see, there are plenty of such pseudo-brokers on the Internet. If you’ve seen their sites (they just may not work anymore, since such scams usually live for a month), then you’ve definitely noticed that there are:
    – the same types of accounts
    – the same description of the activity
    – the same trading platform, etc.
    Scammers work according to the same scheme. They take the name of some little-known or even unknown company, from somewhere in England or offshore. Most often, they copy the site of one of their old scams, and that’s it. They launch it. That’s how Sollari appeared. They have all this set up for automation. So the sites are of the same type. If the scam does not win, they are not sorry. Another one will win.

    Reply
  2. Eric

    Without any doubt, it is a fraudulent dealing desk.

    Stupid scam, and there’s nothing more to say.
    What exactly cannot be done with Sollari is to invest money here. What exactly can be done is to write negative and revealing reviews everywhere. This is a scam broker who steals money from people, cheats, and conducts illegal activities. I am sure that the company whose name they are hiding behind has nothing to do with Sollari at all. I bet a hundred that there is no legal entity for such a broker.

    Reply
  3. Mitchell

    Bullshit, not a broker

    Just look at when this lousy website appeared on the Internet. In December 2022, Carl! Now think carefully, was it a long time ago or recently? And also think about whether a BROKER (hah, it’s funny to call this site that), which has been working for at most 2 months, can become international or large-scale. Will it be able to build a reputation as a trusted partner? Of course it can’t. So all the positive reviews that you can read about this scam are obviously fake. Once again, a brokerage company cannot become popular and international in a month. And these fraudsters write nonsense about themselves on their fictional brokerage sites.

    Reply
  4. Anthony Clarke

    Sollari scam?

    I invested £250 in a company offering to invest in cryptocurrency. I now get a phone call from Switzerland every few days from a Cristopher Ferlin a very fast talker offering to invest my money in pre, up and coming, company results with almost guarenteed profits as they deal before actual trading starts!
    Have no intention of investing more and will attempt to get my £250 back – some hope!!

    Reply
    1. Ravinder

      Fraud company, don’t invest

      I experienced the same thing with agent Christopher, this company is fraud they will steal all your money, I lost $125 out of $380 fortunately I was able to withdraw some amount trying to learn.

      Reply
  5. Heather Bostock

    Don't invest what you can't afford to lose

    I was very foolish, for the first time ever in my adult life I didn’t check the reviews. I trusted in a voice I didn’t know, and in a Company that promised to boost the small savings I had in the bank. I am 71, with very little, in a council flat.
    I have lost every dollar, in two weeks. And the voice then suggested I invest more to recover my loss.
    I have nothing left.
    Warning to others: only ever invest what you can afford to lose. Because it is very likely you will. 🥴

    Reply
  6. Anne johnson

    Scam.

    A total scam , I put a limited amount of money in and account shows a profit for the first week or so then they keep asking you to invest more and when they realize your not going to you wind up with nothing. Total scam , stay away from tbem .

    Reply
  7. Martin Maurice

    Scammer

    This is a real scam, I have a little bit more than $10000 usd in my account and couldn’t withdraw anything from it. They are so bad.
    Please don’t invest a penny in

    Reply
  8. Martin Maurice

    SCAMMER

    SCAMMER

    Reply
  9. Michael Mota Marcos

    Scam Alert

    Another SCAM platform
    I invested £250 in a company offering to invest in cryptocurrency. I now get a phone call from Switzerland every few days from a Jimmy Bryant a very fast talker offering to invest my money in pre, up and coming, company results with almost guarenteed profits as they deal before actual trading starts!
    Have no intention of investing more and will attempt to get my £250 back but I don’t Know how?

    Reply
  10. jamal abdalla

    thieves, they stole my money

    you stole my money

    Reply
  11. Tevi

    Victim from sollari.io

    Sollari.io is a real scammer company. I am victim . Before starting with them, I was clear with them and I told them that my wife was victim with one of the trade online companies. So I don’t want to be I the same situation. They lied to me and reassure me that it would not happen. But that are not different. Sollari.io is the worst scammer I will never see. I will make YouTube to explain everything. How and the way the use to scam me. I will can back in that review site to give that YouTube link. I am not gonna hide my identity car I am real victim.

    Reply
  12. Heidi Hanley

    Scam

    My partner has already invested 25000 in this company and is ready to pull the rest of her investments to give to them. They are telling her she will get a monthly payout of 3000 plus a bonus I am terrified she is being scammed

    Reply
  13. Ian

    SCAM!!! They will take your money.

    I started with a $250USD investment and started off slowly making small profits. My broker advised me to put more into the account to allow me to have a greater margin on my trades to increase my profits. Everything was going well and I was slowly learning about the market. The account was making $1000USD profit a week. I had a few trades open in the negative holding on to them waiting for a turn around. My broker, Mark placed 2 forex trades on the account that started to spiral out of control thousands of dollars into the negative. As I was just a beginner I asked him about them and he just advised me to leave them as him said they’d be ok. The account was at $11000USD profit and then another forex trade was placed by Mark which sent it into a very negative space. He then had the nerve to ask for more money to fix the account. I refused as it was his trades that had caused the problem. Within 4 days of that the account had stopped out. DO NOT TRUST THESE PEOPLE!!!! THEY WILL JUST TAKE YOUR HARD EARNED MONEY.

    Reply
  14. Jon Willcocks

    Total Scam

    Initially, charming and convincing interchange with Mr Bobby Mc Cray, Sollari’s representative.
    Be warned, I deposited £1000 and can no longer open Sollari’s website to access funds.
    Bobby Mc Cray is no longer contactable!
    My advice, avoid at all costs and steer well clear!

    Reply
  15. Victor

    Thievery !

    The Sollari representative Joseph Novak lied and stole all my retirement invested savings in my Atomic wallet, that he helped set up and the funds in Sollari, who can no longer be reached by phone, text or email ! Disgustinly not nice and abusive … left me financiallyruined !

    Reply