Solidus Markets poses as a genuine cryptocurrency and trading platform. A deeper look, however, tends to expose a design of dishonesty, regulatory defiance, and usurpation of a genuine name. Many victims have experienced monetary loss, and some regulatory agencies have issued advisories about the platform.
Website: http://solidusx.com/
Website Availability: NA
Blacklisted by: Financial Conduct Authority(United Kingdom)
Domain Age:
Name-SOLIDUSX.COM
Registry Domain ID-2945755816_DOMAIN_COM-VRSN
Registered On-2024-12-27T19:26:10Z
Expires On-2025-12-27T19:26:10Z
Updated On-2025-05-14T18:16:03Z
Impersonation of a Legitimate Brand
One of the most notable warning signs about Solidus Markets is the unauthorized adoption of the name and logo of Solidus Labs, a well-established company that deals with crypto market risk surveillance. Solidus Labs has openly disavowed any connection with Solidus Markets and has even filed a complaint for fraudulent impersonation with the U.S. Federal Trade Commission (FTC).
The platform has consciously leveraged the brand of Solidus Labs to come across as credible and trustworthy, a move that is common among scam operators to deceive would-be investors.
Lack of Transparency and Contact Information
The Solidus Markets website provides extremely minimal company information, such as no confirmed physical address or genuine customer support contact. The listed phone numbers are inactive or non-operational, and email responses are automated or absent. This total absence of communication infrastructure significantly compromises the platform’s credibility.
Sites that lack verifiable contact details or team information are high-risk and must be treated with utmost caution.
Unregulated and Unlicensed Operations
Solidus Markets is neither licensed nor regulated by any established financial regulatory body. The Australian Securities and Investments Commission (ASIC) explicitly warned that the platform is offering illegal financial services to Australian consumers without necessary licenses. Trading on an unregulated platform puts investors at the mercy of chance, and there are no legal protections or mechanisms for resolving disputes in the case of fraud.
Victim Reports and Consumer Grievances
Several investor reports indicate a uniform pattern of deception. Customers have reported instances of being urged to invest larger and larger amounts, displayed doctored gains, and subsequently barred from withdrawing money. Communication tends to stop after significant deposits are made.
Others have complained of being tricked into purchasing fake product shipments or non-existent services, repeatedly given false promises and no real outcomes.
These regular behaviors of lies, false guarantees, and vanishing funds are evidences that Solidus Markets runs as a swindle, misusing investor trust with no commitment to giving good services.
No Legal Recourse for Investors
Due to the lack of regulatory oversight and the fraudulent nature of the platform, affected investors have little to no recourse for recovering lost funds. The absence of legal licensing means Solidus Markets is not held to any compliance standards or consumer protection regulations, making it virtually impossible to hold them accountable.
Conclusion: High-Risk, Untrustworthy Platform
Solidus Markets is an obvious case of a scam crypto trading operation. From pretending to be a legitimate business and trading without a license, to disregarding regulatory guidelines and misleading clients, the platform shows all the telltale signs of an online investment fraud.
Investors are strongly recommended to steer clear of any interaction with Solidus Markets. In case of people who have already been impacted, reporting the situation to concerned authorities and professional cryptocurrency fraud recovery service is advised.
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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