SolidECN

Solid ECN 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 ?)

Solid ECN Affiliate Program

Become part of the Solid ECN Affiliate Program and be a member of one of the most profitable affiliate programs globally. Start earning a tangible income from your existing traffic. With an affiliate program that grants the highest conversion rates, an extensive generous payment plan with the highest commission percentage available, Solid ECN is your safe trustworthy companion.

At Solid ECN we enable our affiliates by offering technology, support, and tailored tools (including banners and widgets) to have a world-class, hassle-free experience!

• High-end Commissions
• True ECN/STP Execution
• Competitive Commission Model
• Global Payment Methods
• Fast & on-time Payments
• Marketing Materials & Generous Promotions
• 24/7 Client Support
• Daily Tracking and Reporting

Bitcoin

Cryptocurrencies are on watch as potentially another collapse is brewing on the markets. Concerns are mounting over the financial condition of Silvergate Bank, a bank that specializes in cryptocurrency transactions. Silvergate warned in a filing on Wednesday that recent losses that the bank has experienced may leave it with less capital than it needs. Company also said that it failed to meet the deadline to submit its annual report to the US Securities and Exchange Commission.

Reaction was quick with hedge funds, partners and investors pulling out from the Bank, leading to a collapse in its share price. Cryptocurrency companies, like for example Coinbase, stop accepting and initiating payments to or from Silvergate. However, some companies, like for example BitStamp, warned that they cannot be held responsible for any funds deposited at Silvergate accounts, signaling to clients that they decide to use Silvergate accounts at their own risk.



Whole situation is putting pressure on cryptocurrencies with major coins dropping 3-7% today. Taking a look at the BITCOIN chart at the D1 interval, we can see that the coin is testing a major support zone today. The $22,450 area is marked with previous price reactions as well as the lower limit of a local market geometry. A break below would, at least in theory, hint at a short-term trend reversal. In such a scenario, declines could deepen with sellers targeting the next support zone in-line - $21,200 area marked with previous price reactions and 100-period Exponential Moving Average (green line).

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 ?)

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AUDJPY

• Swiss National Bank announced that UBS will buy Credit Suisse in a government-arranged deal. UBS will purchase CS for 3 billion CHF and will get additional 9 billion CHF in government guarantees. Apart from that, 10 billion CHF in additional liquidity will also be provided
• Bank shares underperformed in early trading on Monday as UBS-CS deal includes writing down of AT1 bonds to zero. As those bonds have notional value of around 16 billion CHF, there concerns over exposure of other banks
• ECB President Lagarde hopes that the rescue deal will be enough to calm turmoil in European banking sector. Lagarde also said that ECB is ready to support European banks with loans should they require it
• Fed Chair Powell and US Treasury Secretary Yellen issued a joint statement stressing that US banking and financial systems are resilient
• Fed along with 5 other central banks (ECB, BoJ, BoE, SNB and BoC) announced actions to boost USD liquidity. Those 6 central banks will now hold daily auctions for USD through swap lines, instead of weekly auctions as it was before
• Bank of Japan said that there were no bids in a daily FX swap auction for USD today, in a sign that liquidity crunch is not as severe as feared
• US and European index futures launched new week's trade with small bullish price gaps. However, those gains were quickly erased and now both DAX and S&P 500 futures trade more or less flat compared Friday's cash closing prices
• Indices from Asia-Pacific traded lower today. Nikkei and S&P/ASX 200 dropped 1.4%, Kospi traded 0.6% lower, Nifty 50 plunged 1.2%
• Indices from China traded lower with Hang Seng (-3.4%) being top underperformer
• RBA Assistant Governor Kent said that Australian banks are resilient. Kent also said that RBA will take into account financial conditions while making next interest rate decision
• Goldman Sachs slashed its 1-year ahead Brent price forecast from $100 to $94 per barrel
• People's Bank of China left 1- and 5-year rates unchanged at 3.65 and 4.30%, respectively. Decision was in-line with market expectations
• Risk-off moods can be on cryptocurrency markets at the beginning of a new week - Bitcoin drops 2%, Ethereum trades 2.6% lower and Dogecoin dips 1.9%
• Energy commodities drop at the start of a new week - WTI drops over 2% and looks towards a test of the $65 per barrel area
• Precious metals trade mixed - gold gains 0.7%, silver adds 0.2% and platinum drops 0.6%
• CHF and JPY are the best performing major currencies while AUD and NZD lag the most

AUDJPY, a well-known risk barometer, is taking a hit at the beginning of new week's trade. The pair is attempting to make a break below a mid-term support zone ranging above 88.00. Note that similar attempts were made last week but all of them failed.

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.