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Solastrade Review: Is this a Scam?

Solastrade Review: Is this a Scam?

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SolasTrade is a company that offers training that is meant to make you a successful Forex trader. The company’s goal is to provide clients with a faster path to success by providing expert market insights and time tested strategies.

The firm promises that its training will save you years and thousands of dollars. They say the training course is developed by a professional Forex trader with over 17 years of experience.

Additionally, Solastrade provides Forex accounts management services. This package is for clients looking to trade Forex without hands-on involvement.

The firm claims that clients control their own accounts and can withdraw any amount at any time. They say the tool makes it easy to track the balance, equity, statements, transactions, and fees.

From what we gather from the website, this company is run by a single individual. However, the owner runs the business anonymously. We cannot confirm that this person has over 17 years of experience.

Additionally, the owner does not reveal where he operates from. Clients must get such information upfront.

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This company’s training course seems interesting. However, we are not sure it is that much different from other materials found on the Internet. We are not sure that it is worth the price point it is being provided at. Other better companies will offer you the best Forex trading courses at better prices.

Solastrade Review

The founder of Salastrade believes his intensive Forex trading course is aimed to help you start trading as soon as possible. He wants you to think that you can avoid years of needless struggle by learning proven trading strategies directly from him.

Solastrade Review, Solastrade.com Platform

You will learn how to read the market in a way that helps you eliminate losses from your trades.

The trading course is sold at €1500.and this is a costly training course. The trader claims that this course gives you tactics and strategies not taught anywhere else.

We worry that even with this training, you would still need perfect execution of the strategies provided to realize any profits. You still need an additional sixth sense that only comes with years of trading.

You need excellent analysis skills to complement the product. Therefore, this training material might not help you become a successful trader as it is meant to.

The creator of this training course aims at ensuring it reaches as many people as possible. Therefore, the owner has slashed the price by 50%, bringing it down to €750. It is still such a high price.

The owner does not say the cost of their Forex account management services. Moreover, he doesn’t explain the strategies used in this setup. Therefore, we do not recommend that you explore this feature at this moment. The company needs to be more transparent before we can support that feature to you.

You can get in touch with the company by filling out a contact form featured on the website. The firm does not reveal how long it takes to respond to a customer’s complaint.

Founder and Physical Address

The owner of this service has chosen to operate in full secrecy. We have no idea who they are or what type of experience they have in Forex trading. There are many risks involved in investing in mysterious people on the Internet.

Moreover, the founder also hides the physical address of the firm’s headquarters. It would be much preferable if the company provided these details to prospective clients.

This helps foster trust between the company and its clients. They will have enough information on whom they are giving their funds to.

In the meantime, we believe the owner is hiding his identity to avoid getting tracked down.

The Course Offers

The course is meant for individuals who have tried trading for themselves without success. Additionally, it is intended for people that require more guidance on current global trends and trading ideas.

The creator guarantees that this is the last training you will ever need. This course will help you start trading like a pro.

This company will help you learn these various lessons.

  • How to trade Forex contracts with low-risk strategies
  • Which time frame to best trade-in.
  • How to interpret Price Action.
  • How to identify big trades.
  • How to spot and trade high-profit chart patterns.
  • How to find probability Counter Trade trade setups using only one technical indicator.
  • How to set up market targets.
  • How and when to exit and take profits before your winnings turn into losses.
  • How to implement a money management system that will help you preserve your capital and allow you to maximize your profits.

This training package contains three video files spanning 3 hours, and a PDF with charts and diagrams that is 110 pages. Additionally, the company offers 1-year support for free.

Trading results

The company has provided a sample of their trading results. However, it is possible that these can be cherry-picked to promote the image of the firm. Therefore, we don’t think this a reliable mode of presentation. The firm needs to provide a Myfxbook account results to clients.

The creator wants you to believe they have over 17 year’s experience in Forex trading. He should know that the best way to present trading results is through a third-party auditor like Myfxbook.

It would be unwise to purchase this training material without proof that the strategies taught are profitable. There is no guarantee that the plan will work for you.

Customer Testimonials and Reviews

The website features a few customer testimonials about the services offered. Generally, clients seem satisfied with the services they are receiving. Unfortunately, these can be cherry-picked to favor the image of the company.

Luckily, there is an external source of customer reviews. The company is enjoying a 5-star rating on FPA from 18 reviews. And this is a high rating. However, we don’t understand how they don’t have even a single negative review.

Therefore, we feel like these are not enough to trust the services offered by Salastrade fully.

So Should You Trust Solastrade?

At this moment, we do not have enough reasons to trust the services offered by Solastrade fully. They lack transparency in some of the most critical areas. We have no idea who is running this company. Additionally, we have no idea where the company is headquartered.

While the company has received positive reviews on FPA, there are no verifiable trading results to show the strategies work.

Moreover, we have not seen anything that this company offers that makes it unique. The price tag is, therefore, not justified. As the product is relatively new, it would be much better to wait it out before investing.

Final Verdict

While this firm seems legit, they have a few loopholes that make it hard to trust them fully. The owner needs to be more transparent and reveal who he is and where he is based.

Additionally, he needs to demonstrate that his trading strategies work. Otherwise, we believe this training course is too expensive and isn’t much different from other courses that exist.

In the meantime, our advice is that you only buy the best Forex trading courses that exist. They will guide you step by step from beginner to professional.

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