Solstrade has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to CBUSY. We’ve received over 4 complaints against Solstrade.
Solstrade has been labeled a Bitcoin scam because it engages in misleading techniques to scam those interested in Bitcoin investments. The website uses phishing scams and phony initial coin offers (ICOs) to lure people into investing in cryptocurrencies that are either worthless or nonexistent. Visitors should proceed with utmost care and use reliable sources to confirm the veracity of any Bitcoin opportunity.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Solstrade Regulated? Do They Have a License?
Visitors to Solstrade can come across fraudulent schemes including phishing attempts, pyramid scams, or phony initial coin offers (ICOs). To entice people to invest in cryptocurrencies, the owners of this site often make alluring claims of huge profits or unique investment possibilities.
You should be informed that Solstrade is not an authorized site for investing in or transacting with cryptocurrencies. Rather than that, its purpose is to deceive people into purchasing worthless or nonexistent cryptocurrencies, which will cause the victims to lose money.
You should use great care while using Solstrade.com and other websites of a similar kind as a precaution, making sure that the Bitcoin offers are legitimate by consulting reliable sources.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Solstrade is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Solstrade, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Solstrade
When victims use these numbers to register, their Solstrade dashboards show a balance of around 0.31 BTC added. But when they try to take the money out, a notice appears saying they have to deposit at least 0.005 BTC to “activate” the withdrawal feature.
This deposit requirement deceives gullible users into making legitimate Bitcoin payments, which the con artists then take. There is no such thing as the Solstrade platform or the alleged celebrity cryptocurrency giveaway.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Solstrade Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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Solstrade Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Solstrade tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Solstrade reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Solstrade, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Solstrade enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Solstrade reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Solstrade.
You should always look out for consumer complaints. In the case of Solstrade, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Solstrade? You can share your complaint in the comment section or submit an anonymous tip.
Is Solstrade Legit Or a Scam?
Solstrade is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Solstrade can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Solstrade?
All the evidence suggests that Solstrade is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Solstrade a scam?
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How The Solstrade Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
