Solvium Capital Banking Ltd has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Solvium Capital Banking Ltd advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Professional team|Helpful community forum|Excellent charting|Economic calendar
Cons: None so far|Nothing significant
The platform itself is okay, but the customer service at Solvium Capital Banking Ltd 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: Clear documentation|Professional team|API access|Economic calendar
Cons: Limited social trading features|Minimum deposit could be lower
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Solvium Capital Banking Ltd 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: Withdrawal fees demanded|Communication cut off|Not authorized
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Solvium Capital Banking Ltd recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Instant funding|Dedicated account manager|Good analytical tools
Cons: Some tools only available on higher tiers|Website design could be more modern