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The Solid ECN deposit bonus supports both margin and equity. The credit wonât be canceled or removed in draw-downs. This promotion gives you the advantage of holding your positions longer when they suffer from a high volatility market.
Experienced scalpers are aware of fake breakouts, and our promotion gives them more confidence in trading breakouts or pull-backs.
One of the essentials in trading forex and other leveraged products is having more margin. It is a common and rookie mistake to trade in a high volatility market such as cryptocurrencies with a low balance.
Solid ECN has a backup plan for its customers. We boost deposits by %40 and it is up to $2,000 per account. All profits are free for withdrawal. Where most companies remove the bonuses on stop-out and margin calls, the given credit at Solid ECN is %100 tradeable, and it can be lost.
Solid ECN buys itself %40 more risks to make sure the clients are trading with more confidence. Try us today, and let us know about your trading experiences with us.
The popular trading platforms are narrowed to a few. We chose the newest and the most advanced platform that is available in the market, the MetaTrader 5!
Why MetaTrader 5?
Contrary to commune belief, MetaTrader 5 is not an upgrade of MT4. The MT4 platform was developed for trading in the Forex environment, whereas MT5 was coded for CFDs, Stocks, and futures access. To be short, MetaTrader 5 is for more experienced and advanced traders, but before we go with the MT5, at Solid ECN we ran a survey of the traders we know, and found out that most rookies and novice users are already with the MT5 platform, and for the first time the MT5 users have surpassed the MT4âs!
MT4 has 9-time frames, whereas MT5 offers 21-time frames. More time frames assist technical analyzers to have a better conception of the market movement.
MT 4 has 4 pending orders, whereas MT5 provides 6 types of pending orders.
MT 4 doesnât have the market depth, but MT5 market depth is accessed within the chart.
MT5 has the Economic calendar on default.
MT4 has 4 types of pending orders, whereas MT5 holds 6 types.
MT4 allows hedging only, whereas MT5 allows both hedging and netting on request.
MT5 has 38 technical indicators, 44 analytical objects and unlimited charts
Partial order filling policies (fill/kill or cancel return) is another advantage of the MT5 for advanced traders.
The strategy tester of the MT5 platform is multi-threaded but MT4 is single-threaded.
MetaQuote corporation has been sending announcements about stopping MT4 updates. Therefore, we believe it was in the best interest of all parties to go with the MT5 platform!
Which trading platform are you using? And Why? Comment below!
Pros and Cons of setting a take profit for your trade
Pros
Ensure a profit
Minimize risk
No second-guessing
Cons
Not good for long-term traders
Canât take advantage of trends
Might not be executed at allâ
Pros Explained
Ensure a profit: A TP order is set to ensure that a day trader makes some level of profit. If your order is executed, you are guaranteed to make money on the trade.
Minimize risk: A take-profit order allows you to take advantage of a quick rise in the market rather than potentially missing the chance to sell at a profit.
No second-guessing: Traders who use TP orders donât have to decide whether it is better to buy or sell in the moment. The trade happens automatically without the risk of second-guessing the decision.â
Cons Explained
Not good for long-term traders.
Take-profit orders are a short-term strategy to guarantee that you make some level of profit quickly. They arenât appropriate for long-term traders who are willing to tolerate more ups and downs in the market in order to make a larger profit in the end.
Canât take advantage of trends.
Take-profit orders donât allow you to take advantage of longer-term trends. Trend traders who use take profit targets are often frustrated when theyâve recognized a good trend and get out too early.
Might not be executed at all.
Having a take-profit order in place doesnât guarantee that the sale will happen. If the market never rises to the TP level you set, you may still have to sell at a loss.â
There is no perfection in services online, and when funding is involved, we believe that the merchant should have a transparent refund policy. Solid ECN Securities acknowledges customer rights, and for that reason, we drafted the Solid-Refund policy.
There are circumstances when it is essential to return payment. Clients may submit a refund petition if the merchant service was not as described or the service was not functional or if the client justifies the reason.
We tried to make the money return policy concise, simple, and clear to give our customers a feeling of security. That is why we guarantee our services, and if it wasnât as described the consumer has the right to apply for a money return.
Volatility often occurs in the market. Solid ECN has always been committed to the highest standards, with the Solid-Shied feature, the traders donât have to worry about having a negative balance. This means that even under highly volatile situations when margin calls and stop-outs do not function accurately, no client is responsible for paying back a negative balance.
Solid-Shield automatically adjustments the balance to zero in case the balance becomes negative after a stop-out. The process of reset is instant.
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At Solid ECN, we try our best to reducing the trading costs by curbing the spread at the minimum possible.
Spreads can be tighter or bigger depending on the product involved, the trading session and economic condition. Therefore, our specialists integrated five tier 1 liquidity providers and banks in order to offer a unique trading experience in the market tik by tik. The difference between ASK and BID price shown in the Solid ECN market is exported from a provider which has fees/spread less than its rivals at the price tik. We have been able to utilize MetaTrader 5 new features to keeping things neat, steady and cost-effective at the same time.
The commissions for executing 1 standard lot with Solid-ECN account type are set as follows.
Major pairs: $3 Cross pairs: $5 Minor currency pairs: $8 Metals: $8 Energies: $0.6 Indices/Nasdaq: $0.4 Cryptocurrencies: %0.08 of the price in USD
Solid-Standard and Solid-Micro accounts have no commission. However, the spreads are slightly wider in comparison to the ECN account.
I will explain about using Expert Advisers on the next post.
Robots and expert advisers are one of the best options for trading securities since human emotions wonât be involved. At Solid ECN we understand that using trading robots can reduce stress levels because it takes away the overthinking strain of trading.
Therefore, we nurtured a safe and fast trading environment on our MT5 platform where you can utilize the automation trading features with no additional concerns. All you need is set up your EA to the chart and let it do as you programmed it.
I saw that Solidecn grants deposit bonus but I did not see the requirement for withdrawal? Does it mean that I canât withdraw it? To withdraw the deposit bonus, what do I have to do? I need carity on this please
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With the Solid-Credit promotion, you can trade more efficiently, and be more confident by having more money on your balance. The biggest advantage is that the bonus is trade-able, and you are free and entitled to withdraw profits earned from the account with Solid-Credit anytime with no limitations.
The cap for Solid-Credit is $2,000 per client.
Only verified clients have full access to Solid-Promotions.
The bonus supports both margin and equity when the account suffers from draw down. Meaning the bonus can be used for executing orders.
The bonus cannot be withdrawn.
Should you have any questions, please do not hesitate to share it with the community.