solartecna.com has been flagged by Cyprus Securities and Exchange Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: solartecna.com.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that solartecna.com is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I requested my data from solartecna.com under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Smooth onboarding|Regular updates
Cons: Inactivity fee applies after 12 months
My withdrawal from solartecna.com was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for over a year of being strung along.
Pros: Clean UI|Easy withdrawals
Cons: Currency conversion fee exists|Minimum deposit could be lower
I have been trying to close my account with solartecna.com for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Tax reports included|Segregated accounts
Cons: Limited ETF selection
I was about to invest with solartecna.com but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Cyprus Securities and Exchange Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Flagged by Cyprus Securities and Exchange Commission|Cannot verify credentials