Refund Policy

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 wasn’t as described the consumer has the right to apply for a money return.

Trading Products

A professional method to secure assets reasonably is diversified trading. Trading on limited numbers of instruments was never suggested by the market leaders and hedge funders. They always spread their investments among commodities, indices, and or currencies. Diversity is one of the many keys to having success in the trading world.

At Solid ECN, clients have access to trade the world with high leverage whilst the spread is tightened at its minimum. You can create your dealing basket to enjoy the product diversity with Solid ECN. We strive to offer our customers the most popular and trending products, and we made a live and long list of trading instruments.

As of writing the list contains 250 products including:

> Forex (Major | Crosses | Minor)
> Precious Metals (Gold | Silver | Palladium | Platinum)
> Energy (Brent | WTI)
> Indices (spot)
> Nasdaq
> EPA (Adidas | British American Tobacco | BMW | Airbus and more …)
> Cryptocurrencies (Cardano | Algorand | BNB | Dogecoin | Ripple and more …)

Cardano

> Bitcoin stays above $28,000, smaller projects record increases
> Among altcoins, Cardano records record highs
> Growth is fueled by the prospect of Cardano's integration with the Ethereum Virtual Machine

The Ethereum Virtual Machine is a place for developers to build decentralized applications. The new feature is expected to allow Ethereum developers to create projects on the Cardano network using the Solidity coding language used on Ethereum Solidity. Without installing new tools or learning another programming language.Thanks to a new feature provided by Milkomeda, Cardano holders may soon be able to access Ethereum Virtual Machine (EVM), directly from their digital wallets. Investors positively welcomed the information about the potential expansion of the Cardano blockchain utility. This information was confirmed yesterday by Sebastien Guillemot, CEO of Milkomeda. Additional features are expected to include rewards for so-called staking and the construction of smart contracts on the Ethereum decentralized system (EVM). According to Guillemot, rewards for staking from Cardano's digital products built on Milkomeda will be automatically paid, every 5 days.

Cardano chart, D1 interval. The price has overcome short-term resistances approaching a test of the local peaks of mid-February 2023, at $0.42. The SMA100 average (black) is wrapping upwards and if the bulls maintain momentum it will be possible to cross the SMA200 from below, called in AT a bullish 'golden cross' formation. The formation could signal a change in trend. However, if resistance holds back the bulls the first important support should be sought at $0.35, which is set by the SMA200.

DOGECOIN

Wall Street finished yesterday's trading higher as market odds for Fed rate hike in May dropped following another streak of disappointing data from US jobs market

Market now sees around 50% chance of 25 bp rate hike in May and around 50% chance of Fed leaving rate unchanged and pausing rate hike cycle

S&P 500 gained 0.36%, Dow Jones traded flat, Nasdaq rallied 0.76% and Russell 2000 moved 0.13% higher

Indices from Asia-Pacific traded higher today - Nikkei gained 0.1%, Kospi added 1.3% and indices from China traded up to 0.8% higher

Liquidity during today's European trading session is expected to be very thin as majority of stock exchanges from the Old Continent will be shut in observance of Good Friday

Japanese household spending increased 1.6% YoY in February (exp. 4.2% YoY)

Major cryptocurrencies trade mixed - Bitcoin drops 0.1%, Litecoin gains 0.1%, Ethereum trades 0.3% higher and Dogecoin slumps 2.8%

AUD and NZD are the best performing major currencies while JPY and CAD lag the most

DOGECOIN is one of the worst performing cryptocurrencies today. The coin has almost fully erased the price jump triggered by Elon Musk changing Twitter logo to Shiba Inu.

Solid ECN - Negative Balance Protection

Volatility often occurs in the market. Solid ECN has always been committed to the highest standards.

With the Solid-Shied feature, the traders don’t have to worry about having a negative balance with Solid ECN. This means that even under highly volatile situations when margin calls and stop-outs do not function accurately, no client with Solid ECN is responsible for paying back a negative balance.

Solid-Shield automatically adjusts the balance to zero in case it becomes negative after a stop-out. The process of reset is automatic.

Solid-Standard Account

The Solid Standard was designed for traders who favor trading in live market situations to take measures to a professional ECN/STP trading but rather not to pay fees.

The Solid-Standard account is a unique account on the MetaTrader 5 trading platform that links some of the best features of real-market ECN trading with compact light spreads with no charge. These accounts are ideal for studying to trade under interbank market conditions with minimum risk.

You can begin with as low as $10 and trade without commission while experiencing the benefits of tight spreads that adapt according to the current market conditions.

Three markets to watch next week

Traders will get a first glimpse of how US economy performed in January-March period next week as the US GDP report for Q1 2023 is set to be released on Thursday. EUR traders will focus on flash CPI data for April while central banking enthusiasts will tune in for CBRT and BoJ rate decision. Last but not least, US earnings season gathers pace with releases from 4 US mega-techs scheduled for next week. Be sure to watch USDJPY, EURTRY and US100 in the week ahead!

USDJPY

Bank of Japan will announce its next monetary policy decision on Friday morning. No change in rates is expected but the meeting will be watched closely nevertheless as it will be the first meeting under new BoJ Governor Ueda. A day earlier at 1:30 pm BST, traders will be offered the flash Q1 GDP release from the United States and it is expected to show growth slowing from 4.4% in Q4 2022 to 4.2% now. Given that US PCE data for March will see daylight on Friday at 1:30 pm BST, USDJPY may be in for a volatile end of the week.

EURTRY

EURTRY could be on the move in the second half of the week. The Central Bank of the Republic of Turkey is scheduled to announce the rate decision on Thursday at 12:00 pm BST. The main one-week repo rate is expected to stay unchanged at 8.50%. As scope for a surprise here is rather small, EURTRY may see more moves in response to flash CPI data for April from Europe. German report is set to be released on Friday at 1:00 pm BST and is expected to show a slight slowdown in headline measure.

US100

Earnings season is entering a key week, at least when it comes to releases from the tech sector. Investors will be offered Q1 2023 reports from 4 US mega-techs next week - Alphabet (Tuesday), Microsoft (Tuesday), Meta Platforms (Wednesday) and Amazon (Thursday). All 4 will report results after the close of the Wall Street session. Q1 financials from those 4 and outlook for the coming quarters will be a key driver of Nasdaq-100 (US100) in the week ahead.

Solid-Micro Account

The main unique feature of Solid-Micro accounts is that the minimum trading volume starts from 0.001, while the trading conditions are similar to those for standard accounts. As a result, these account types suit both beginners and professionals, because they may help them test new trading strategies or Expert Advisors in market conditions without any significant financial investments.

Minimum Deposit $5
Minimum lot 0.001 lots (100 units)
Leverage 1:1000

Feel free to open an account and start trading Forex with as low as $5!

Refund Policy

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 wasn’t as described the consumer has the right to apply for a money return.

Trading Products

A professional method to secure assets reasonably is diversified trading. Trading on limited numbers of instruments was never suggested by the market leaders and hedge funders. They always spread their investments among commodities, indices, and or currencies. Diversity is one of the many keys to having success in the trading world.

At Solid ECN, clients have access to trade the world with high leverage whilst the spread is tightened at its minimum. You can create your dealing basket to enjoy the product diversity with Solid ECN. We strive to offer our customers the most popular and trending products, and we made a live and long list of trading instruments.

As of writing the list contains 250 products including:

Forex (Major | Crosses | Minor)
Precious Metals (Gold | Silver | Palladium | Platinum)
Energy (Brent | WTI)
Indices (spot)
Nasdaq
Cryptocurrencies (Cardano | Algorand | BNB | Dogecoin | Ripple and more …)

EURUSD

Raphael Bostic, head of Atlanta Fed, delivered a speech today. He pointed out that there is still a lot to do on inflation and the economy will have negative impact on price growth (as he expects a slowdown). Bostic sees risk of a recession although it will rather be a short and shallow one.

Bostic stresses that rate cuts this year are not a base case scenario for him and that Fed will not cut rates until well into 2024. However, one should remember that the FOMC dot-plot assumes rate cuts next year. Simultaneously, Fed should maintain an outlook on possible continuation of rate hikes. Overall, Bostic wants to see what impact previous rate hikes will have on the economy.

EURUSD is trading slightly higher on the day after two final days of the previous week were marked with significant strengthening of USD. EURUSD is currently trading below 2 important resistance levels - 1.09 area and 50% retracement of the last major upward impulse.

Economic Calendar for Today

European indices set to open higher
Powell to speak on the economy in the evening
Canadian retail sales data for March

Futures markets point to a higher opening of the European cash session. DAX futures (DE30) painted a fresh all-time high above 16,300 pts earlier today but has pulled back a bit since. Moods on the markets are upbeat as traders are being constantly reminded that debt ceiling negotiations are progressing with House Speaker McCarthy saying yesterday that the debt ceiling deal could be put to a vote on the House floor as soon as next week.

Economic calendar for the final trading day of the week is light. Traders were offered German PPI data for April this morning and it showed a smaller year-over-year drop than expected - from 6.7 to 4.1% YoY while the market expected 4.0% YoY. Nevertheless, the release did not have a major impact on the market. CAD may see some moves in the early afternoon when Canadian retail sales data for April is released at 1:30 pm BST. However, central bankers' speeches may be the biggest source of FX volatility in the afternoon as there is a number of them scheduled, including speeches from Fed Chair Powell and ECB President Lagarde.