Sollari.io review and experience

Sollari.io review and experience

Sollari.io was founded in March 2023 as an independent brokerage for trading CFDs. At Sollari.io, investors can trade CFDs, Forex, indexes, cryptocurrencies, stocks and ETFs.

 Quick check – All advantages of Sollari.io at a glance

Advantages

• Free Trading Platforms + App
• Different trading tools
• wide range of products
• All global stock exchanges
• Islamic account
• Free demo account

Note

• The minimum deposit is 5,000 euros.

Who is Sollari.io for?

• For advanced investors with a risk appetite

Sollari.io does not charge any custody/account management fees. Trading fees depend on the type of security.

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Are there any fees when opening an account with Sollari.io?

Opening an account with Sollari.io is free of charge.

What is the minimum deposit at Sollari.io?

At Sollari.io, the minimum deposit is 5,000 euros.

What are the fees when trading CFDs?

The fees are based on the spreads and depend on the assets you want to trade.

What are the fees when trading Forex?

The fees are low for the market, and the spreads are competitive.

Are there any fees when depositing or withdrawing funds?

Deposits and withdrawals can be made via a bank transfer or SEPA transfer.

Deposits are free.

For withdrawals, the first withdrawal within a calendar month is free.

Each additional withdrawal costs 8 EUR as a bank transfer and 1 EUR as a SEPA transfer.

What are the financing costs at Sollari.io?

If you hold CFDs overnight, you will incur a financing fee, known as a swap. The swap rates at Sollari.ios depend on the trading instruments. The actual costs can be found in the table of the respective instrument.

What other fees are there?

Certain orders on certain exchanges are subject to external fees. but the broker does not charge commissions.

What are the fees for inactivity?

from what we saw this is around $85 per month, if the account has been dormant for more then three months

»Interim conclusion (fees):

The fees for trading CFDs are consistently cheap, with spreads on the major currency pairs EUR/USD and EUR/GBP starting from as little as 0.5 pips. In Forex trading, all currencies are traded at a favourable fees trading volume. For stock trading, Sollari.io charges no commission of the order volume (an advantage for some traders that look to trade stock CFDs). This puts the broker in the lower third compared to other providers.

At Sollari.io, investors can trade CFDs, Forex, Cryptocurrencies (bitcoin, Ethereum and others), commodities, Indices and Stocks.

What account models does Sollari.io offer?

TRADING ACCOUNTS TYPES

Sollari has several Account Types tailored to match each trader’s needs. All Sollari account types have the same extreme speed for their order execution.

STANDARD ACCOUNT DETAILS

The standard account has been created for traders new to retail trading and those looking to trade smaller trading volumes. The standard account allows traders to start trading on our intuitive and friendly trading platform with an investment of $ 10,000. 

GOLD ACCOUNT DETAILS

The Gold account accommodates traders who are looking to trade higher volume sizes, with the maximum lot size being 40 lots. The Gold account has extremely tight spreads with no commissions applying. 

PRO ACCOUNT DETAILS

The Pro account is for traders who are professional and are full-time trading. The trading conditions reflect this and offer these types of traders everything they need to reach new heights of proficiency and success.

VIP ACCOUNT DETAILS

The VIP Account is tailored to high-end traders looking for the best product trading conditions, one-to-one support, and customizable trading tools. It is ideal for traders who look for no limitations on their strategies. The VIP account starts with a minimum deposit of $250,000 with no restrictions to the maximum lot sizes.

ISLAMIC ACCOUNT DETAILS

The Islamic account mirrors the standard account, from spreads to lot size restrictions. The key difference with the Islamic account is that no swaps are applied at rollover times. 

What are the minimum and maximum lot sizes?

Through Sollari.io, clients do not trade lot sizes. Clients can enter the desired amount and trade here.

Example: A client wants to trade 10,000 EUR EUR/USD. So, he does not have to enter a 0.10 lot but can enter the amount of 10,000 EUR.

Which securities are tradable at Sollari.io?

Sollari.io offers trading on over 450 CFDs from the following markets:

• Share CFDs
• Index CFDs
• Metal CFDs
• Forex CFDs
• Crypto CFDs

What trading platforms does Sollari.io offer?

Sollari.io offers one trading platform but it is available on all devices. 

The Sollari Forex Trading Platforms

Very Fast Trading is Available on Multiple Devices.

The trading platform has something to offer to traders of all skill levels with its advanced technical analysis, flexible trading system, and mobile trading applications. Moreover, its simplistic design and excellent user interface ensure any trading strategy’s seamless implementation, no matter the complexity. 

With various market, pending and stop orders and a trailing stop at your disposal, you can perform trades regardless of the current market situation. Moreover, the platform boasts a fully functional demo account offering and strong support.

Trading for Desktops

A powerful and reliable trading platform with maximum functionality. The Sollari Terminal combines the advantages of all popular trading systems in the Forex market. The developed functionality surpasses existing market alternatives. You can install the PC trading platform for Windows and Mac operating systems. Optimize your Sollari trading experience with our trading platform for your desktop.

Once your trading account is set up successfully, an email including your password will be sent to your email address, giving you access to all the available features on the trading platform.

Sollari WebTrader

Trade Sollari from any internet browser on any device with no additional software. The web version is designed for trading in a web browser without installing software on a computer. The platform provides transparent pricing, lightning speed, and all features without limits. You can always trade from any device with Internet access. Trading is only a few clicks away with our WebTrader.

Mobile trading

Never miss a trading opportunity again by staying up to date with the latest market events with the Sollari mobile trading solution. Smartphone and tablet optimized, The mobile supports all trading functions and comes equipped with broad analytical capabilities featuring technical indicators, among other graphical objects. Monitor your open positions and review the market. Platform synchronizes even chart settings, so you do not need to re-configure something. Available 24 hours a day, anywhere in the world.

THE ADVANTAGES OF the Sollari trading platforms are:

• Access to all markets from one platform.
• Syncs on all devices in real-time.
• No additional software download needed.
• Freedom to implement any trading strategies.
• High-speed execution.
• One-click trading.
• Stop loss, take profit and trailing stop order types.
• Multilingual interface.

Source: sollari.io/trading-platforms

Performances

More than 60 order types are possible via the Trader Workstation trading platform. In addition to market, limit and stop orders, there are also order supplements such as OCA.

Deposits and withdrawals are possible via bank transfer, credit card and cryptocurrency(Bitcoin).

What types of orders does Sollari.io offer?

At Sollari.io, traders can use over 60 order types and algorithms to help them trade. Among them are the following:

• Limit Buy
• Limit Sell
• Stop Buy
• Stop Sell
• Trailing Stop Buy
• Trailing Stop Sell
• OCA

What are the deposit and withdrawal options?

Sollari.io offers you deposits and withdrawals in the following ways:

• Wire transfer
• Creditcard / Debit card deposit
• Bitcoin
• Ethereum

For withdrawals, the first withdrawal within a calendar month is free.

There is still potential for improvement in the deposit and withdrawal options.

How clear is the opening application?

If you want to open an account with Sollari.io, the first step is to provide personal information such as your name, email address, telephone number and address. After selecting the type of account, further personal data must be provided, the account type must be chosen, and the acquisition status must be commented on. Once all the necessary fields have been filled in, the next step is to go to the account settings. Here, information about assets, investment goals, the products you want to trade and personal experience are requested. Last but not least, in the third step, you have to agree to the general agreements and terms of the contract with your signature.

Suppose customers have already uploaded all the necessary documents to open an account in the application. In that case, they will be checked by the custodian bank and, at best, confirmed on the same day. Normally, it takes one working day to open an account. The customer will be notified as soon as the custody account is opened. He will then receive his access data, and a small introduction will be carried out with him. (How deposits and withdrawals work, trading software basics, etc.).

 (Service & Safety):

In the area of service and security, Sollari.io can convince. The service is available from Monday to Friday from 9 a.m. to 19 p.m., and the website is very well structured. The segregated accounts of customers are located at first tier banks around the world. 

Conclusion

The CFD and Forex broker Sollari.io leave a good impression on our test. At Sollari.io, investors can trade CFDs, Forex and Bitcoin among many options. Especially in the CFD sector, the range is very large, with over 450 products. Thanks to the trading platform and the App, traders leave nothing to be desired. The website is well structured but offers a limited training area. Customer service can be reached on all working days if you have any questions. On the negative side, the minimum investment of 5,000 euros is quite high. There is potential for improvement here. 

Risk warning: CFDs are complex instruments with a high risk of losing money quickly because of the leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. It would help to consider whether you understand how CFDs work and whether you can afford to risk losing money.