Solid ECN | %40 Deposit Bonus

[SOLIDECN]

EURUSD​

The EURUSD pair found solid resistance at 1.0745 and couldn’t manage to breach it, to start providing negative trades by today’s open, noticing that stochastic shows negative signals that press on the price to decline.

Therefore, we expect to witness bearish bias in the upcoming sessions, and the targets begin at 1.0620 and extend to 1.0515 after surpassing the previous level, noting that breaking 1.0690 will ease the mission of achieving the waited targets. Note that breaching 1.0745 will stop the suggested negative scenario and lead the price to achieve new gains that reach 1.0800 followed by 1.0925.​

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Trust Pilot Score 4.9​

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[Solid ECN Securities]

Oil​

On Tuesday, the market could see a drop in risk aversion

The recent panic in the stock market, which was linked to the problems of the banking sector in the USA, has been halted​

• The main stock indices from the Old Continent ended the session sharply higher​
• The DAX gained 1.83%, while the French CAC40 added 1.86% and London's FTSE closed 1.17% higher. Poland's WIG20 ended the session slightly above the benchmark +0.11%​
• DE30 quotations reached key short-term resistance at 15280 points​
• Today's CPI inflation data from the US was in line with expectations and showed that prices rose by 0.4% in February after accelerating by 0.5% in January. In contrast, annualised CPI was 6.0% in February, the smallest annual price increase since September 2021. (previously 6.4%). The underlying CPI was also in line with expectations.​
• Wall Street's major stock indices traded higher. The Nasdaq is up 1.5% at the time of preparing this commentary with the S&P500 and Dow Jones adding 1.05% and 0.45% respectively.​
• Apple halts bonus payments, Meta Platforms announces job cuts​
• Tuesday saw massive declines in crude oil. OPEC raised its forecast for crude demand growth in CHINA, but left the forecast unchanged when it came to global demand, explaining this by concerns about global economic growth. OIL.WTI quotes are losing more than 5%, with OIL down 4.5% and falling below the $77 per barrel level.​
• In the forex market today, we are seeing an outflow into commodity currencies, including the Canadian dollar, the New Zealand dollar and the Australian dollar. The Japanese yen is performing poorly. The EURUSD pair maintains bullish momentum and struggles to break out above the resistance level near 1.0750 on a sustained basis.​
• Tuesday brought a continuation of the increases in the cryptocurrency market. Bitcoin's quotations broke out with momentum above the USD 25,000 level, which is an important resistance in the medium term. Etherum's price, on the other hand, jumped above $1,750.​
• At 08:40 pm GMT, we will learn API data on oil stocks, and at 09:20 pm GMT, Bowman from the Fed will speak​

OIL.WTI quotes have overcome an internal trendline, which could herald an attack on the December minimum at $70 per barrel.​

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Solidecn.com​

Trust Pilot Score 4.9​

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[SOLIDECN]

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Solid ECN - Account Types​

Solid ECN gives multiple account types on the MetaTrader 5 trading platform to help individuals and corporate customers to exchange Forex and Derivatives online.

All Retail, associates, and White-Label clients have the possibility to access various spreads and liquidity via state-of-the-art automatic trading platforms. Solid ECN grants an exceptional type of account options that clients can choose to experience a tailored trading experience that perfectly fills their needs.

United with excellent trading conditions and lightning-fast execution, Solid ECN provides all the tools and aids required for clients of any level to accomplish their trading goals. Whether you’re a casual trader or experienced investor, Solid ECN offers an extensive range of account options. Through our true ECN accounts, we’re able to deliver spreads from 0 pips and millisecond execution against best bid / ask prices—all with world-class customer service.
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​	Min Deposit​	Max Leverage​	Min Spread​	Fee​
Micro​	$5​	1:1000​	2 pips​	No​
Standard​	$10​	1:1000​	0.2 pips​	No​
Swap Free​	$10​	1:1000​	0.2 pips​	No​
ECN​	$10​	1:1000​	0​	$2​

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Solidecn.com​

Trust Pilot Score 4.9​

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[Solid ECN]

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.
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Solidecn.com​

Trust Pilot Score 4.9​

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[SOLIDECN]

US100​

• Markets remained nervous on the final trading day of the week with major European and US indices pulling back
• Top blue chips indices from Europe dropped over 1% lower while major Wall Street indices, like S&P 500 and Nasdaq, are trading around 1.0-1.5% lower on the day
• Flight to safety can be spotted on the markets with money flowing to precious metals and bonds
• Gold is trading over 3% higher on the day as short- and long-term US yields plunge with psychological $2,000 level being just 1% away
• Markets are pricing around 60% chance of Fed hiking rates by 25 basis points next week and around 40% of keeping them unchanged
• USD is one of the worst performing G10 currencies today
• In spite of yesterday's liquidity boost from major central banks, share price of First Republic Bank saw only short-lived relief and is plunging 25% today
• Credit Suisse remains in the center of attention in Europe with bank calling its CFO teams to work over the week and look for 'scenarios for the bank'
• Also, media reports saying that major banks are limiting trading with Credit Suisse are mounting. Deutsche Bank and Societe Generale are said to be the latest to restrict trading with CS
• Energy commodities are pulling back amid an overall increase in risk aversion. Brent and WTI are trading 2% lower and is heading for the biggest weekly drop since April 2022 while US natural gas prices plunge 7%
• Downward pressure on US natural gas prices is further magnified by new weather forecast for the United States that hint at near- or above-average temperatures in key heating regions over the next 2 weeks
• University of Michigan consumer sentiment for March missed expectations significantly, dropping from 67.0 to 63.4 (exp. 67.0). Both current situation and expectations subindices missed estimates significantly
• In spite of risk-off moods seen across most financial markets, cryptocurrencies are having a great day. Bitcoin jumps 6% and trades in the $26,500 area

Nasdaq-100 (US100) failed to sustain bullish momentum and break above the 12,750 pts resistance zone. The index is pulling back today as concerns over the condition of the US and European continue to linger over markets. However, Nasdaq-100 drops the least among major Wall Street indices due to an almost non-existent share of the banking sector in the index.

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Solidecn.com​

Trust Pilot Score 4.9​

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[Solid ECN]

Solid-ECN Account​

Solid ECN is a non-dealing desk broker, meaning that we do not carry on order flow to market makers. Rather, we match participants in a trade electronically and pass the orders to liquidity providers. As a true ECN broker, we facilitate trades for engaged investors across the ECN.

The technology behind Solid ECN provides for quicker executions and tighter spreads with higher leverage and greater transparency.

We try to take the required steps to assure your funds are safe, along with the immense level of protection over them. That is why all our traders' funds are independently managed from our own and held in segregated accounts in Tier 1 international banks.​

• Execution speed - Approach to liquid markets guaranteeing direct market access and agile fills.​
• Transparency - No price manipulation, no stop hunting, no decrease in leverage, and no hidden commission.​
• Trading hours - Trade Forex, and commodities 24/5, and Cryptocurrencies 24/7 from the MetaTrader 5 platform.​
• Leverage - Unlimited profit upon you with a wide selection of leverage from 1:1 to 1:1000 to trade CFDs. Manage the risks as you go.​
• Scalping - Fast order executions and small spreads allow Solid ECN to become a safe house for high-volume scalping strategies.​
• Hedge - Beat the inflation or reduce your losses with opening one or more trades that offset an existing position.​

Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of market transparency mean price manipulation is not feasible.
​

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Solidecn.com​

Trust Pilot Score 4.9​

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[Solid ECN]

GBPUSD​

The GBPUSD pair provided new positive trades to test 1.2200 barrier, waiting to get positive motive that assists to push the price to continue the price and achieve our positive targets that start at 1.2260 and extend to 1.2440 after surpassing the previous level.

The EMA50 continues to support the expected bullish wave, which depends on the price stability above 1.2060, as breaking it will put the price under negative pressure that targets testing 1.1940 before any new attempt to rise.​

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Solidecn.com​

Trust Pilot Score 4.9

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[SOLIDECN]

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.
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Solidecn.com​

Trust Pilot Score 4.9​

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[Solid ECN Securities]

Solid-Holy Account​

Swap Free | No Hidden Fees

Solid-Holy accounts (also known as swap-free accounts) for customers who cannot earn or pay the interest due to their religious views.

The swap-free option is available on Solid-Standard account types on the MT5 platform.

Solid ECN is devoted to providing its clients with the best trading conditions. Solid ECN Islamic accounts offer state-of-the-art trading infrastructure and execution speeds enabling our traders to win a competitive edge.
​

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Solidecn.com​

Trust Pilot Score 4.9​

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[xSolidECNx]

AUDUSD​

Yesterday's trading on Wall Street and in Europe ended higher, making up for losses from earlier in the day initiated by the uncertainty surrounding the takeover of Credit Suisse by UBS. Better sentiment fueled Asian markets today. Stock exchanges in Japan are closed due to a national holiday.​

• AUDUSD pair breaks back below the 0.6700 level. The case for a pause in the rate hike cycle by the RBA at its 4 April meeting has strengthened. According to the RBA minutes released today, the Board agreed to reconsider the case for pausing rate hikes and to closely examine incoming data from the economy.​
• The ECB's Holzmann is softening his previous calls for three consecutive 50 basis point rate hikes.​
• From the US, there was some news affecting the stock market. The US Treasury is looking at unlimited deposit guarantees (via the FDIC) if the banking crisis worsens.​
• On the political front, investors are looking at the Putin-Xi meeting in Moscow, which may bring new threads in the realm of the Ukraine conflict and other geopolitical-economic relations.​
• PIMCO lost $340 million on the redemption of Credit Suisse Bank's AT1 bond. Lawyers from Switzerland, the United States and the United Kingdom are talking to Credit Suisse's AT1 bondholders about possible legal action after up to $17 billion in losses related to the redemption.​
• Goldman Sachs commented on the current state of the equity market this way - "valuations don't look particularly attractive".​
• Bill Ackman, founder and hedge fund manager of Pershing Square Capital commented that the FOMC should consider holding off on rate hikes for tomorrow's Committee decision. Today marks the start of the Fed's two-day meeting in Washington.​
• Citi predicts a 25bp rate hike on Wednesday, and notes that the tone of the press conference will now be particularly important.​
• Citadel and Trafigura traders believe that the turmoil in the banking market is temporary and unlikely to cause far-reaching perturbations in the global economy. Demand for oil should strengthen.​

Quotations:​

Futures in Europe point to a bullish opening to the session on the Old Continent. US contracts are also gaining, however the scale of the increases is minimal. On the FX market, the USD is currently performing best. NZD and AUD are the worst performers. Energy commodities are down, extending the wave of uncertainty in the economy. Gold and silver are correcting recent gains and recording slight declines. Bitcoin is currently losing 0.4 per cent and slipping towards $27,800.

The AUDUSD pair is currently trading in a structure bounded by important support and resistance levels. The upcoming FOMC decision and ongoing banking uncertainty could create additional volatility on the pair.​

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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com​

Trust Pilot Score 4.9​

 

[SOLIDECN]

Solid-Holy Account​

Swap Free | No Hidden Fees

Solid-Holy accounts (also known as swap-free accounts) for customers who cannot earn or pay the interest due to their religious views.

The swap-free is applied on both Solid-Standard account types. Solid ECN is devoted to providing its clients with the best trading conditions. Solid ECN Islamic accounts offer state-of-the-art trading infrastructure and execution speeds enabling our traders to win a competitive edge.​

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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com​

Trust Pilot Score 4.9​

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[SOLIDECN]

Solid ECN - %15 Deposit Bonus​

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 %15 and it is up to $1,000 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 %30 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.​

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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com​

Trust Pilot Score 4.9​

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[Solid ECN]

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Binance sued by CFTC - Crypto in retreat​

US regulator CFTC is suing cryptocurrency exchange Binance and its founder Changpeng Zhao due to issues related to violation of trading rules and derivatives. The news triggered a sharp sell-off of Binancecoin. Bitcoin also took a hit and dropped below the 28,000 mark. Nevertheless, at the moment Binancecoin is losing less than 2%.

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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com​

Trust Pilot Score 4.9​

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[SOLIDECN]

CHNCComp - Chart of the Day​

HSCEI (CHNComp) was one of the best performing Asian indices during today's Asia-Pacific trading session. The index jumped over 2% today and painted a daily peak at 3-week high. Improved sentiment towards Chinese shares can be reasoned with recent performance of Alibaba (BABA.US) as the index and the stock are highly correlated. According to a Bloomberg report, Alibaba aims to divide the company into 6 different entities with each being responsible for its own financing and decisions like going public. This news triggered an over-14% increase in Alibaba's share price yesterday.

Taking a look at CHNComp chart at D1 interval, we can see that while the index managed to climb above the price zone ranging between 6,600 pts mark and 200-session moving average (purple line), it was later halted at 50-session moving average (green line) in the 7,000 pts area. What comes next will be crucial from a technical point of view. An inverse head and shoulders pattern can be spotted building up on the chart - a bullish pattern. However, a pullback towards the aforementioned 6,600 pts area would be needed for the pattern to take shape.
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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com​

Trust Pilot Score 4.9​

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[Solid ECN]

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!​

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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com​

Trust Pilot Score 4.9​

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[SOLIDECN]

Solid ECN Web-Trader MetaTrader 5​

The MetaTrader 5 Web platform allows you to start trading on the Forex, exchange and futures markets from any browser and operating system, including Windows, Mac and Linux. You can access the rich set of functions that are available in the MetaTrader 5 desktop platform directly on the web, which means you can analyze financial quotes and trade without downloading or installing any application. You can access your account and start trading in just a couple of clicks. Trading on the Web platform is safe, while any transmitted information is securely encrypted.​

• Open a free account at Solid ECN today.​
• 1:1000 Leverage​
• %40 Deposit Bonus​
• Ultra-Fast Execution​
• Negative Balance Protection​
• Refund Policy​

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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com​

Trust Pilot Score 4.9​

 

[Solid ECN]

DE30​

German retail sales data for February was released today at 7:00 am BST. Report was expected to show a 0.5% MoM increase as well as 5.1% YoY drop in retail sales. However, actual data turned out to be much worse than expected with monthly data showing a 1.3% drop and annual data showing 7.0% YoY plunge. DE30 ticked lower following the release while EURUSD saw a minor uptick.

DE30 dipped after miss in German retail sales.​

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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com​

Trust Pilot Score 4.9

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[SOLIDECN]

Gold​

Precious metals are trading a touch lower on the day after erasing earlier gains. Higher-than-expected reading of the French CPI this morning has taken some steam off the precious metals. Gold, as well as silver and platinum, may experience higher volatility following the release of European CPI reading for March (10:00 am BST) and US PCE reading for February (1:30 pm BST).

Taking a look at GOLD at the H1 interval, we can see that bulls attempted to push precious metal's price above the $1,985 resistance zone this morning. However, the attempt turned out to be a failed one and gold started to pull back. Should the ongoing pullback deepen, the first support to watch can be found in the $1,970 area, marked with previous price reactions as well as 50- and 200-hour moving averages. Overall, gold is trading sideways in a triangle pattern and direction of the next big move may be determined by direction of the breakout from this pattern.
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Solidecn.com​

Trust Pilot Score 4.9​

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[SOLIDECN]

Economic Calendar: Manufacturing ISM, OPEC+ JMMC meeting​

• European markets set to open slightly lower​
• Oil surges after surprise OPEC output cut​
• ISM manufacturing and final PMIs in the calendar​

Futures markets point to a slightly lower opening of today's European cash session. Investors' attention is on the oil market as Brent and WTI trade 5% higher on the day after OPEC countries surprised with voluntary cuts of more than 1 million barrels. OPEC+ Joint Minister Monitoring Committee is set to meet again and will be watched closely. Timing of the post-meeting announcement is unknown, however. Apart from that, investors will be offered US ISM manufacturing print as well as final PMIs from Europe and the United States. Traders should keep in mind that this is a pre-Easter week and liquidity on the markets may be thinner. The week will also be shorter with many stock exchanges being offline on Friday.​

• 8:00 am BST - Poland, manufacturing PMI for March. Expected: 48.2. Previous: 48.5​
• 8:15 am BST - Spain, manufacturing PMI for March. Expected: 50.1. Previous: 50.7​
• 8:45 am BST - Italy, manufacturing PMI for March. Expected: 51.0. Previous: 52.0​
• 8:50 am BST - France, manufacturing PMI for March (final). First release: 47.7​
• 8:55 am BST - Germany, manufacturing PMI for March (final). First release: 44.4​
• 9:00 am BST - Euro area, manufacturing PMI for March (final). First release: 47.1​
• 9:30 am BST - UK, manufacturing PMI for March (final). First release: 48.0​
• 2:45 pm BST - US, manufacturing PMI for March (final). First release: 49.3​
• 3:00 pm BST - US, ISM manufacturing index for March. Expected: 47.5. Previous: 47.7​
• 3:00 pm BST - US, construction spending for February. Expected: 0.0% MoM. Previous: -0.1% MoM​

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Central bankers' speeches​

• 11:00 am BST - ECB Simkus​
• 1:00 pm BST - ECB Vujcic​
• 9:15 pm BST - Fed Cook​

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Solidecn.com​

Trust Pilot Score 4.9​

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[Solid ECN]

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.​

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%15 Bonus | Swap Free | Raw Spread​

Solidecn.com​

Trust Pilot Score 4.9​

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