Solace Finance Review – This Shady Website is Lying to You

Some of these scammers can’t get the most basic of facts straight. Yet they are running deceptive online schemes. Solace Finance says its business is based in London, Germany‽ Yup, there is no way this is a legitimate investment company.

Therefore, we advise you to read our full Solace Finance review and learn the truth. Arm yourself with the knowledge of how to identify cyber fraud.

Company status:	Unlicensed Investment Company
Regulated by:	Unregulated
Operating Status:	Active Investment Scam
Known Websites:	solace-finance.com
Blacklisted as a Scam by:	N/A
Owner:	N/A
Headquarters Country:	Germany (allegedly)
Website Active Since:	2023-07-12
Online Trading Platforms:	N/A
Mobile Trading:	Unavailable
Minimum Deposit:	50 USD
Deposit Bonus:	Unavailable
CFD Trading Option:	No, you cannot trade CFDs
Crypto Asset Trading:	N/A
Available Trading Instruments:	Forex
Maximum Leverage:	N/A
Islamic Account:	Unavailable
Free Demo Account:	Unavailable
Accepts US clients:	Yes
Global Fraud Protection Experts’ Verdict:	Avoid Working with this Company

Is Solace Finance Legal?

The website purports this company is based in Germany and provides a London address. It also claims the Financial Conduct Authority (FCA) regulates the venture. We checked the FCA’s register and can confirm the claim is a lie. The Solace Finance license is fake!

Furthermore, the bogus site says the company’s CEO is Valery Vavilov. If you look up this person, you will see he is in charge of BitFury.

Like Sfx Trade, Solace Finance operates illicitly, without regulation. All funds you send to these crooks can easily disappear overnight. Therefore, you should avoid investing in any of their fake plans.

Please avoid communicating with anonymous fraudsters. Trust only transparent and regulated firms. We recommend trusting companies licensed by top-tier watchdogs such as the FCA (UK), CFTC (US), ASIC (Australia), CySEC (Cyprus), etc. If you experience issues, report your problems to the competent regulatory authority.

Investor Reviews – Sharing Experiences

We could not find any Solace Finance reviews online. Popular forums like Trustpilot and Reddit are empty. The testimonials on the firm’s website have no source link, implying they are likely fake or incentivized. The feedback that counts does not exist.

Unreliable comments are another reason to avoid this investment fraud. You should always read what users say about a certain platform before investing valuable money. If you are a victim of this scam, write a complaint on the forums mentioned above to alert fellow investors about the scheme.

Who Are Solace Finance’s Targets?

According to WHOIS, the solace-finance.com website domain was created on July 12, 2023. Since then, the financial swindlers behind the investment hoax have been mainly targeting investors residing in the following countries:

• United States;
• United Kingdom;
• Australia;
• New Zealand.

The English-speaking world is a colossal market of potential investors, making it alluring for tricksters. Fortunately, these countries have stringent market regulators making sure phonies do not achieve their foul goals. These bodies update their alert lists daily to warn market participants about lingering cyber scams.

As we mentioned, Solace Finance is an imposter and has no authorization to offer financial services in any jurisdiction in the world, just like SwissCoinCo. Avoid the platform at all costs.

Solace Finance investment plans

Trading Plan	Starter	Elite	Ultimate
Minimum Investment	50 USD	201 USD	501 USD
Duration	24 hours	48 hours	72 hours
ROI	5%	10%	15%

Judging by the numbers in the table, the virtual con artists promise unrealistic returns in pretty short timeframes. As the account tiers go up, it only gets crazier.

These returns on investments (ROIs) allegedly come with little to no risk, which is implausible. No legitimate company will “guarantee” such a thing. These fraudsters are only after your initial payment. If you disclose your financial info on the Solace Finance login page, kiss your deposit goodbye.

Mining Plan	Silver	Gold	Diamond
Minimum Investment	2,001 USD	5,001 USD	50,000 USD
Duration	96 hours	7 days	30 days
ROI	20%	30%	50%

What Investment Products Are Available?

The website doesn’t disclose what products clients are supposed to invest in. It only mentions Forex currency pairs, without going into details. Since there is no Solace Finance app, we could not check for ourselves.

In any case, illicit companies typically advertise popular assets as a ruse to lure in unsuspecting investors and traders and trick them into depositing their money. Hence, avoid using unregulated platforms and apps.

If you are looking for a reliable investment opportunity, choose a licensed financial market provider that supports sophisticated trading software such as MetaTrader 4, MetaTrader 5, or cTrader.

Payment Process – How to Get a Refund?

It appears the website accepts deposits exclusively via cryptocurrencies. It even displays a suspicious Bitcoin withdrawal list. At this point, it comes as no surprise. Scammers prefer this type of payment because they can remain anonymous and cover their tracks.

Crypto payments are challenging to reverse. If you have made a Solace Finance crypto deposit, our experts can help you get back that money. We utilize the advanced crypto-tracing software CipherTrcace to recover victims’ funds.

The digital wrongdoers included a referral program, promising users a 10% commission for each new member they bring. This recruitment-based model is indicative of a Ponzi scheme where the new money inflow is used to pay back earlier investors.

Final Verdict on Solace Finance

Ending our review, let’s recap the main points we have outlined. Solace Finance is a bogus investment site snatching users’ crypto investments. The main targets are British, American, Australian, and New Zealand investors and traders.

There is no platform, app, product offer, or software available. To make matters worse, the business is not regulated by any financial market authority.

We recommend you read our analysis one more time to understand how investment scheme works. Educating yourself on cybercriminal operations is crucial to ensure your investments are safe.

If you have fallen victim to the Solace Finance scam, contact us for professional assistance. Use the form below to book your free consultation. Fusion Forensics Limited features a team of skilled experts dealing with chargeback cases daily. We can help you recover your hard-earned funds!