What is the process of opening an account? You must be 18 years of age or older to open an account. We will need to collect some important documents to verify your identity to finalize your account and make sure it is secured.
What are the requirements to open an account? Official documents in order to open an account include proof of age, a valid address and a bank account in your name. We use our electronic database to immediately verify your identity against government databases.
If there are any issues, we may ask you to provide additional verification, which includes a government-issued ID (passport, driver’s license) or a copy of your bank or utilities statement displaying your current address.
With all required information at hand you’ll be trading the markets in 5 minutes.
SolidusX offers you direct access to some of the world’s largest companies. Currently, you can invest in over 1,200 of listed stocks which are shared on major exchanges such as NYSE and NASDAQ. Every day, we’re adding new stocks to our database so investors have immediate access to growing opportunities.
What are ETFs? In general, ETFs are registered investment companies whose shares represent an interest in a portfolio of securities that track an underlying benchmark or index. They are typically traded daily on security exchange at prices established by the market.
Investors should have the opportunity to take advantage of all market conditions, and there are many opportunities that allow traders to bet against the market, and generate returns from that. It is very important to understand how ETFs work, and this investment tool is generally recommended for experienced investors.
Trading CFDs allow you to get a Sell contract or ‘short’ an asset with the opportunity to gain from a decrease in value of an asset. This is a quick and straightforward way of trading against the market.
What is digital currency? Digital currency is a form of currency that only exists on the internet. Issuance, transfer and record-keeping are all done digitally, therefore, you need an internet connection to access these funds. Digital currencies do not require intermediaries, so they are often the cheapest method to trade currencies.
Liquidity: Cryptocurrency is easily converted into cash without impacting the market price. It also brings better pricing and faster transaction times.
Continuous Market Hours: Digital currency markets are available 24/7 because the currency is decentralized which prevents ‘gaps’ in pricing. That creates a guaranteed stop-loss which can help you protect your investment.
Direct Transactions: Transactions take place directly between two individuals instead of through an intermediary.
Investment Opportunities: As a new asset, digital currency is a very exciting venture. With excitement comes risk, but typically investing in larger cryptocurrencies are a good investment in the long run. This new asset class is an exciting opportunity and has a lot of room for growth and prosperity, especially with a continued evolution in the form of ERC20, DeFi and such.
You can learn more about us here
How we make money
SolidusX makes its money in several transparent ways:
Brokerage fees associated with trading
Interest earned on cash.
Spreads or ‘Mark-Ups’ on various assets in accordance with liquidity providers requirements and market conditions.
Different accounts are entitled to different trading conditions, check to see you got the best trading account you can have on our Trading Accounts page.
Safety & Security
With SolidusX, we respect your funds and personal data and protecting it is paramount.
We apply segregated accounts which are separate from the company’s money. The clients’ funds are held in a separate account so that there is no relationship between their accounts and the company’s bank account or other clients.
We use SSL which Stands for secure sockets layer. Protocol for web browsers and servers that allows for the authentication, encryption and decryption of data sent over the Internet.
You have full control of your account and can enable advanced security in the form of 2 Factor Authentication (using an app like Google Authenticator or Authy) at any time.
We offer 3rd party insurance of up to $85,000 to individual investors which can become active if a brokerage firm fails, similar to other investor protection schemes in various jurisdictions. a trustee will be appointed to manage the liquidation of the firm for the protection of customers.
We work with a number of partners to deliver a seamless, intuitive and safe investing experience. Some of the regions in which SolidusX is currently seeking regulated status are EEA and Australia. We work with these partners to ensure that your assets are secure, safeguarded and insured. All while delivering you a better brokerage.
Our Liquidity providers adhere to the highest industry standards and provide lightning-fast execution, ensuring client’s orders are carried out in accordance with the client’s specifications and financial policies.
We work with a number of other regulated partners to bring better & safer access to global markets.
On SolidusX, you can fund your account in various ways; through immediate bank transfers, Direct and secured card payments and crypto-backed transactions. This means that you can be in the market in minutes and have full transparency over your transfers.
The banking and transfer information for your accounts will be found inside your Account tab on SolidusX. Once there you will be able to track and generate individual transfer information to support your transactions.
Ensure the details of your transfers. Whether bank, card or crypto, the validity and accuracy of your transaction details is paramount. Please Note, Cryptocurrencies payments are irreversible A Bitcoin transaction, for example, cannot be reversed, it can only be refunded by the person receiving the funds. This means you should take care to do business with people and organizations you know and trust, or who have an established reputation.
Every transaction should be under your name and from an account that you are the holder of.
Once you’ve made a Deposit, be sure to contact us through email or direct chat to notify us regarding the transaction so we can improve tracking and processing time. We’ll keep an eye out to make it processes as quickly as possible. Please note that we are unable to view the status of transfers made with your bank until funds arrive in our accounts.
You can withdraw your available funds any time from SolidusX. Transfers can go from your trading account with us to your local bank account under your name or bitcoin wallet address you provide. Before you make your first withdrawal, you’ll need to provide all your bank details or wallet address.
Bank transfers normally take approximately 2-4 business days
for withdrawals to arrive in your local bank account.
Crypto-backed transfers usually take 15-30 minutes to verify and appear in your wallet.
Our Data is Real-time
All data provided to those trading on SolidusX is real-time data sourced from various exchanges and market makers.
Market Times & Holiday Calendar
You can refer to https://www.tradinghours.com/markets/ to learn more about different exchanges operating hours and holidays.
Circuit Breakers & Halts
When markets become volatile, a market-wide circuit breaker halts trading across all US exchanges and venues.
These halts are triggered at three circuit breaker thresholds that measure a decrease or increase against the prior day’s closing price of the S&P 500.
The 3 Circuit Breaker levels:
Level 1 +- 7%
Level 2 +- 13%
Level 3 +- 20%
An IPO is an Initial Public Offering which sees shares of a company sold to institutional investors and retail investors and is underwritten by an investment bank, who also arrange for the shares to be listed on one or more stock exchanges.
We offer traders with a Centurion account type or higher the ability to participate in south-after IPOs.
On SolidusX, you can place Limit, Market, Stop and OCO Orders.
Limit order is an order to buy or sell a whole number of an asset at a specific price or better.
Buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order is not guaranteed to execute.
A market order is an order to buy or sell an asset at the best available price. Generally, this type of order will be executed immediately.
However, the price at which a market order will be executed is not guaranteed.
A stop order becomes a market order when a stop price is triggered.
A buy stop order is entered at a stop price above the current market price, while a sell stop is entered at a stop price below the current market price. Stop orders are important for managing risk.
Delete & Manage Pending Orders
It’s super simple to manage your pending orders on SolidusX. You can enter orders and delete them any time (assuming they have not been filled). If you wish to amend an existing order, delete it and re-enter it.
If your order has been processed and executed, you will not be able to delete or amend it. You’ll be notified as soon as your order is executed, so you’ll know when this happens.
Some orders types are cancelled when the market closes (such as Limit Orders) or due to a corporate action, or cancelled by you. For corporate actions, as the stock may have been subject to a split or takeover, the underlying price may have moved significantly which may render your order invalid.
When placing an order on SolidusX, you may get a rejection notice, which may relate to either the time in which your order is placed or the price you have entered the order.
Our team of experts are here to assist when needed.
In some situations, you may own a security that is no longer available to trade. This may be due to a corporate action (such as a takeover, merger, bankruptcy) or if it is removed from an exchange.
The settlement price in this case will be according to the last traded value.
We aim to make tax reporting as smooth as possible, but as a brokerage, we do not provide individual tax reporting based on your circumstance. We do however provide you with the information you need to complete your tax either by yourself or with your accountant (or tax adviser).
On SolidusX you can download a full list of your transactions and trades or obtain them individually from your dashboard.
Downloadable reports are easily available. This includes monthly statements and trade confirmations.
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