Solo Wallet has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Solo Wallet is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: solo-wallet.com.
The onboarding at Solo Wallet was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Real-time alerts|Helpful community forum
Cons: Email notifications too frequent|Research section could be deeper
I have been trying to close my account with Solo Wallet 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: API access|Segregated accounts|No hidden fees
Cons: Limited social trading features
I referred a friend to Solo Wallet after a trusted YouTuber reviewed them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Intuitive for beginners|Stable platform|Educational resources|Copy trading available
Cons: Email notifications too frequent|Limited demo account features
I had high hopes for Solo Wallet through a forum discussion, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Two-factor authentication|Helpful community forum|Economic calendar
Cons: Research section could be deeper|None so far
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Solo Wallet has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
After spending for about ten months trying to make Solo Wallet work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Detailed reporting|Fast support response|Competitive fees
Cons: Spreads widen during volatile periods
The platform itself is okay, but the customer service at Solo Wallet is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Personal attention|Fast support response
Cons: Spreads widen during volatile periods|Some tools only available on higher tiers
Do not believe the bonus offer from Solo Wallet. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a financial advisor and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Clear documentation|Easy withdrawals
Cons: Account statements could be more detailed
I trusted Solo Wallet with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Regular platform improvements|Responsive team|Multi-currency support|Fast support response
Cons: Slow to add new assets|No crypto staking
Do not be fooled by the professional-looking website. Behind the scenes, Solo Wallet is disorganized and incompetent. I found them through a podcast recommendation and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Excellent charting|Competitive fees|Easy withdrawals|Multiple order types
Cons: Spreads widen during volatile periods|Search feature is basic