official Solid ECN Securities - solidecn.com - Trust Score 4.8/5

[Solid ECN ✔️]

Breaking: NATGAS Lowest Since March 2022

Natgas prices continue to move lower even despite growing supply concerns. Recent weather forecasts indicate that a winter storm will affect a large parts of the US, triggering warnings from Maine to the Gulf of Mexico, which threatens exports of LNG. This may increase in demand for energy to heat homes and offices. Meanwhile Russian Deputy PM Novak said Russian natural gas output could drop as much as 20% this year, while oil output may be reduced by 5 to 7% in response to price cap, which could increase demand for LNG from the US. On the other hand,  yesterday's EIA report showed a smaller-than-expected storage draw of US inventories, while Freeport LNG export plant in Texas expects to bring operations back online by the end of the year, with Refinitiv data showing that the plant was receiving natural gas this week. However, companies still need to put more effort into satisfying federal regulators before the plant is ready to fully restart operations.

NATGAS price broke below the key long-term support zone of $5.50 - $5.30, opening the way for further selloff. The next major support to watch lies around $4.30 and is marked with lower limit of the 1:1 structure (green rectangle), and 161.8% external Fibonacci retracement of  the last upward wave, which started on December 7.

[Solid ECN ✔️]

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 ✔️]

BTCUSD - drop in investment activity in the pre-New Year period

As most experts expected, the traditional pre-Christmas rally of the token did not happen, and investors reduced their activity amid the consequences of the bankruptcy of the FTX cryptocurrency exchange and negative signals from the American regulator, which will continue tightening monetary policy next year. The period of low holiday volatility is likely to continue soon.

Experts are trying to guess what awaits the first cryptocurrency and the market as a whole next year, and opinions on this matter differ: optimists believe that prices have already hit bottom and will soon begin to grow, while pessimists believe that quotes will linger at the current levels or may resume the decline. For example, analysts at JPMorgan Chase & Co. note that the bankruptcy of FTX made cryptocurrencies unattractive for a long time for most institutional investors. Also, the current market situation will push global regulators to introduce strict restrictive rules against the digital industry. The largest cryptocurrency platform Binance is under serious pressure from the authorities in the United States, where its activities are being investigated, and in other countries. For example, the exchange's management is accused of illegal advertising in France. Likely, next year the pressure on sector participants will only increase, contributing to the weakening of the leading tokens. The most pessimistic experts expect the market recovery to begin by 2024, after the next BTC halving.

The trading instrument is around 16800, where it will remain soon due to the festive mood in the market. If the middle line of Bollinger bands is broken up around 17100, the growth will be able to resume to 17830 (Fibonacci correction 23.6%) and 18750.00 (Murrey level [7/8]). The key "bearish" level is 16250 (Murrey level [5/8], the lower line of Bollinger bands), a breakdown of which will give the prospect of further decline to 15700 (the area of November lows) and 15000 (Murrey level [4/8]).

Technical indicators do not give a single signal: Bollinger bands and Stochastic are horizontal, the MACD histogram is near the zero zone, and its volumes are insignificant.

Resistance levels: 17100, 17830, 18750 | Support levels: 16250, 15700, 15000

[Solid ECN ✔️]

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

[Solid ECN ✔️]

ADAUSD pair continues to trade within the long-term downward channel.

Since the beginning of last week, the price has been in the range of 0.2685−0.2441 (Murrey levels [3/8]−[2/8]) but today, they are trying to storm its lower border. In case of success, the quotes will open a way to decrease to the area of 0.2197 (Murrey level [1/8]) and 0.1953 (Murrey level [0/8]). The key “bullish” level is the upper limit of the sideways range 0.2685, supported by the middle line of Bollinger bands. If it is broken, the upward dynamics may increase up to 0.3173 (Murrey level [5/8], the upper line of Bollinger bands).

Resistance levels: 0.2685, 0.2929, 0.3173, 0.3418 | Support levels: 0.2441, 0.2197, 0.1953

[Solid ECN ✔️]

Solid ECN - No Deposit Fee Promotion

The commission our customers pay for adding funds to their trading accounts via any payment options is zero at Solid ECN.

When a transaction is made to a trading account, a part of the transferred amount is deducted by the payment processor as commission. Solid ECN covers transaction fees, and we named it the Solid-Cover! All clients of Solid ECN receive the actual deposit with no deduction instantly to their trading account.

> Instant Deposit: Deposit to your trading account to catch the market opportunities instantly
> No Fees: No fee applies on any transaction of yours
> Receive Full Amount: Receive the actual deposit with no deduction instantly to your trading account.

[Solid ECN ✔️]

[Solid ECN ✔️]

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.

 

[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.

[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.

[1Shot1Opportunity]

Just seen the advertising banner of solidecn and I would like to give it a try. Can you tell me what's the leverage available for trading crypto?

[Solid ECN ✔️]

18 hours ago, 1Shot1Opportunity said:

Just seen the advertising banner of solidecn and I would like to give it a try. Can you tell me what's the leverage available for trading crypto?

Hi,

Thank you for sharing your thoughts with the community. 

There are 49 crypto products available for trading at Solid ECN, and the maximum available leverage is 1:10.

Should you have any questions, please do not hesitate to contact us. 

[1Shot1Opportunity]

3 hours ago, Solid ECN said:

Hi,

Thank you for sharing your thoughts with the community. 

There are 49 crypto products available for trading at Solid ECN, and the maximum available leverage is 1:10.

Should you have any questions, please do not hesitate to contact us. 

1:10 is good enough for me but 1:20 would have been perfect 🙂

[Solid ECN ✔️]

On 1/6/2023 at 3:32 PM, 1Shot1Opportunity said:

1:10 is good enough for me but 1:20 would have been perfect 🙂

Hello,

The crypto market suffers from low equity, which caused the leverage for trading products to be less than 1:20. 

Should you have any questions, please do not hesitate to share with us. 🙂

[MarkBest]

Hi! Thank you for such a detailed analys!

[Solid ECN ✔️]

Chart of the Day - GBPUSD

The British pound climbed to a 3-week high against the US dollar yesterday. The move was driven mostly by USD weakness. However, traders were also offered a speech from BoE Chief Economist Pill yesterday and it showed some changes in the economist's attitude. While Pill had stressed previously that the Bank will act forcefully to bring the inflation back to its target from a 4-decade high, he pointed to easing inflationary pressures yesterday. Pill noted that the labor market is weakening and that should economic slack emerge in-line with BoE's forecasts, the threat of inflation becoming persistent would ease. This was an important insight as it showed  that BoE starts to see a turn on the labor market and weakness in the jobs market may be an important argument to reconsider any additional tightening. GBP traders will get to hear from Governor Bailey today at 10:10 am GMT. BoE Governor will moderate a panel discussion on central bank independence organized by Riksbank. GBPUSD may also move in the early afternoon as Fed Chair Powell is set to deliver a speech at 2:00 pm GMT. Powell will also speak on central bank independence.

Taking a look at GBPUSD chart at D1 interval, we can see that the pair has recently bounced off an important support zone in the 1.1880 area. This area is marked with previous price reactions, 200-session moving average and a lower limit of the Overbalance structure. Defending these hurdles, especially the lower limit of the Overbalance structure, hints that pullback started in mid-December 2022 was just a brief correction. A key resistance zone to watch now is 1.2430 area, marked with the previous local high.

[Solid ECN ✔️]

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.

[Solid ECN ✔️]

Chart of the Day - USDJPY

Japanese yen is one of the best performing major currencies today. JPY gains thanks to reports in Japanese media that suggested Bank of Japan is planning to review side effects of its loose monetary policy at a meeting next week. Markets took it as another sign that BoJ is about to scale back its dovish approach. The first major sign was widening of a band around target yield that also led to a significant strengthening of JPY.

Taking a look at USDJPY chart at H4 interval, we can see that the pair has been trading in a downward move recently. The pair attempted to extend upward correction and break above the upper limit of the Overbalance structure at the end of the previous week but failed. This week's attempt to recover was halted at the 100-period exponential moving average. A break below recent lows in the 131.50 area would pave the way for a test of 129.50 area, that marks low of the whole downward impulse.

The pair will also be on watch later today when the US CPI report for December is released. Economists expect reading to show deceleration in both headline and core gauges of US consumer inflation. Headline CPI is seen dropping from 7.1 to 6.5% YoY while core CPI is seen dropping from 6.0 to 5.7% YoY. Report will be key for assessing whether the Fed will go with a 25 or 50 basis point rate hike at its next meeting. 

[Solid ECN ✔️]

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.

[Solid ECN ✔️]

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 $500 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 %15 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.