2 mins read | Advantages: Transparent and Fun
Disadvantages: More new contests required
Loving it. More contest and peer to peer challenge would be great
Overview
Unique Selling Points Gamified Trading with Prizes Solus Finance takes a different route compared to traditional trading apps. The company offers a competitive trading experience with real cash...
Unique Selling Points
Gamified Trading with Prizes
Solus Finance takes a different route compared to traditional trading apps. The company offers a competitive trading experience with real cash prizes up for grabs upon making into the leaderboard of competitions. According to the company, the competitions are designed in such a way that roughly 80% of participants shall win real cash prizes. Based on one’s level of skill, one can participate in contest tiers named Beginner, Warrior, Sniper, and Mystic.
Demo Account to Test Strategies
For those who are new to trading and are just getting started, the Demo account is a great way to test strategies risk-free. You do not have to make any deposit to explore the demo account with Solus Finance.
32 Active Hourly, Daily and Weekly Competitions
Unlike the seasonal trading competitions many CFD brokers offer, Solus Finance has ongoing trading competitions available 24/7. The Turbo Hour is an hourly competition, Forex Clash and Crypto Clash are daily contests, and BTCBoulder are weekly tournaments. In addition to the offered competition types, the app allows you to create your own private contests. This feature can be great for traders looking to compete and build communities.
Multiple Account Funding Methods
The company allows multiple payment methods for funding accounts. These recommended options from the company are Crypto and PayPal. The other options include Volet and Cryptix.
Sign Up and Affiliate Bonuses
Solus Finance offers a no-deposit sign up bonus of $1. And if you refer a friend, you get another $10. Traders can use these bonus funds to participate in contests with an entry fee starting at just $2 depending on the contest.
Countries
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+205Devices
Our Verdict 4.1 / 5
See our process of evaluating brokers
Commissions & Fees4.1 / 5
Deposit & Withdrawal4.1 / 5
Customer Support4.1 / 5
Account Opening4.1 / 5
Regulation & Safety4.1 / 5
Pros
- Gamified Trading: Solus gamifies the complex trading experience which is great for new traders with limited complex trading knowledge.
- Proprietary Mobile App (Android): The company has a proprietary mobile trading app available on PlayStore.
- Multiple Online Payment Options: Traders (or players) can fund their accounts via Crypto, PayPal, Volet, and Cryptic.
- Low Barrier to Entry: The contest fees are low starting at just $2. Contests with higher entry fees and bigger prizes are also available on the app.
- Multiple Ongoing Competitions: The company has multiple trading competitions around different assets like crypto and forex.
- Multiple Language Options: Users can select Hindi, Spanish, and Chinese besides the default English language inside the app.
Cons
- Unclear Regulatory Framework: ITU Financial Services Inc. is registered in Delaware, US but not as a financial services provider. According to the company, they do not identify as a brokerage and therefore do not need to be regulated.
- No Visa or Mastercard Payment Options: The company does not accept Visa or Mastercard payment options.
- No iOS App: Solus lacks an iOS mobile app. Currently, the app is only available for Android devices and all mobile devices through mobile web.
General details
Overview
Solus Finance is a gamified trading competition platform emerging from a distinct new category within financial technology. Unlike traditional CFD brokers, crypto exchanges, or prop trading firms, Solus focuses on skill-based trading competitions designed to help traders improve decision-making, strategy execution, and market engagement through a competitive and interactive experience.
The platform enables users to participate in trading competitions where traders compete to achieve the strongest performance and climb real-time leaderboards for cash rewards and recognition. Solus introduces a more community-driven and gamified environment with structured contests, prize pools, rankings, and performance tracking.
Each competition includes an entry fee, leaderboard mechanics, and prize distributions based on trader performance. Top-performing traders are featured publicly on the platform, creating an ecosystem centered around transparency, competition, and trading skill.
At the time of writing, Solus Finance states that it has onboarded over 50,000 players and distributed more than $100,000 in rewards through its competitions.
Since the company does not identify as a broker, it lacks a regulatory framework and the security features that come with it, like segregated funds, investor protection, etc. Therefore, it is highly advisable to understand the platform and then commit your funds. You can use the free demo account to test the app.
Trading Competitions
At the time of writing this review, Solus Finance features 32 types of trading competitions. These competitions differ in nature based on the completion time, participation fee, and tradable assets. For example, some competitions feature Call/Put position of FOREX and Crypto assets whereas others offer forex pairs. The timeline can be an hour, a day, or a week for a competition. Lastly, the participation fee starts at $2 and gets higher for competitions with higher prize pools.
Customer Ratings
It is always best to look at what the existing customers have to say about the company. Oftentimes, you get insights into what to expect before committing funds. At the time of writing this review, Solus Finance has a 3.5-star Trustpilot rating. The company’s android app has a 4.7-star rating.
If you have used Solus and want to share your feedback, feel free to use the share feedback option on TopBrokers.
Restricted Countries
Most brokers and financial services cannot offer their services due to local and international regulations. Solus Finance is not a broker or a regulated financial entity. But the company does have a list of restricted countries. The citizens from the following countries cannot participate in trading contests with Solus Finance:
- Cuba
- Iran
- Syria
- North Korea
- Crimea and Sevastopol
- Iraq
- Lebanon
- Libya
- Nicaragua
- Sudan
- Venezuela
- Yemen
- Afghanistan
- Belarus
- Burma
- Somalia
- Vietnam
- Zimbabwe
- Sri Lanka
- Ukraine
- US
- Russia
Customer Support
Customer support helps resolve customer queries and helps avoid unpleasant experiences. Solus Finance offers customer support with an in-app ticket creation option. Besides tickets, the company does not offer a live chat or call support option.
KYC and AML Compliance
Solus Finance requires clients to comply with AML (Anti-Money Laundering) and KYC (Know Your Customer Requirements). To participate in trading competitions, the users have to verify their identity and must be over 18 years of age.
Conclusion
Solus Finance is a different trading app than the ones we usually review on the platform. The company is not a CFD broker, crypto wallet/broker, or a prop trading firm. It is a gamified trading competition platform.
The low entry fee for competitions and a demo account make it a good fit for new traders looking for lower risk trading activities. However, like all trading activities, we suggest doing your due diligence before committing funds. Weigh the pros and cons, and then make the best decision.
Type of accountsDemo accounts (with a time limit)Standard Accounts
Deposit payment systems
Withdrawal payment systems
Support languagesEnglishHindiChineseSpanish
EnglishHindiChineseSpanishContact details[email protected]
Customer reviews
Overall score 5 / 5 · 1 customer review
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