Solobit review uncovers all the hidden details about this scam broker who demands up to €1,000,000 as a minimum deposit. They are unregulated and intentionally secretive about their physical address like ProfitFarmers, Fxonic, SwiftTrading, and other scammers. We suspect that they hide somewhere in Germany or Austria, though. Third-party sources say that they are in Germany whereas their telephone number suggests that they are in Austria.
Solobit(solobit.co)
Today I’ll reveal to you how Solobit is swindling unsuspecting traders around the world. But first things first, here’s a table showing the company summary. I obtained the information mainly from the broker’s website(www.solobit.co) and slightly from third-party sources.
| Company | Solobit |
| Website | www.solobit.co |
| support@solobit.co | |
| Telephone | +43720231829 |
| Location | Undisclosed, but third-party sources say Mainz, Germany. |
| Account Types | Standard.Bronze.Silver.Gold.VIP.PRO. |
| Minimum Deposit | Variable depending on the account type. Standard: €10,000.Bronze: € 25000.Silver:€50000.Gold:€100000.VIP:€250,000.PRO:€1000000. |
| Leverages | Variable, depending on the account type.Standard(1:200), Bronze(1:200) Silver(1:200), Gold(1:200), VIP(1:300), PRO(1:400). |
| Margin Loans | Variable, depending on the account type.Standard(up to 25%), Bronze(up to 30%) Silver(up to 35%), Gold(up to 50%), VIP(up to 75%), PRO(up to 100%). |
| Tradable Assets | Cryptocurrencies, forex, commodities, stocks & shares, indices, and precious metals |
The broker doesn’t disclose their office location. Though some third-party sources claim that it’s somewhere in Mainz, Germany, I suspect otherwise. The company telephone number(+43720231829) displayed on its website, solobit.co, starts with +43 as the dialing code. This is Austria’s country code. So, unless the broker is using a virtual telephone number, it’s likely that they reside in Germany.
Solobit Review Part 2: How Solobit Swindles People Across The Globe
This scam broker fleeces unsuspecting investors, using various strategies, of which I detected the following:
1. Using Sponsored Solobit Reviews
This broker seems to have paid several bloggers out there to paint them in a good light, like Rich Point Capital. Why am I saying this?
First, Scamadviser has flagged the platform “www.solobit.co” as suspicious, giving it a trust rating of 27/100. The scam checker website cites a high number of suspicious websites on Solobit’s server as one of the reasons for its distrust and low trust rating for this broker.
Second, something suspicious is happening on Trustpilot concerning Solobit reviews.
You see, people have been writing reviews about the platform(www.solobit.co) since early this year. And so far, it has garnered 28 reviews in total.
Strangely, all the Solobit reviews on Trustpilot from the time the platform launched up to November this year were positive, with customers lauding it with all manner of adjectives. Thereafter, negative reviews have started coming in. At the time of writing this article, the three most recent reviews criticized this broker, calling them a scam.
Did you know that sometimes scam brokers deliver on promises for a brief period and then begin to show their true colors after earning consumers’ trust? I guess this is what this broker has done!
2. Stealing Your Online Banking Details and Then Wiping Out Your Account
Another way in which Solobit swindles unsuspecting traders is through the theft of their online banking details remotely. After stealing those details, they get access to victims’ bank accounts and wipe them clean.
This is not a hearsay, I obtained this information from the Solobit review shown in the screenshot below. As you can see, the client wrote it in Spanish and published it on Trustpilot about three days ago:
A negative review of Solobit on Trustpilot.
Because I don’t speak or understand Spanish, Google translated the text for me as follows:
| “ATTENTION DubiousDANGER ! ! ! CAUTIONI paid in starting capital of €250. Then I was called to arrange a “consultant appointment”. This phone call was strange because I was being talked into buying Bitcoins. I then submitted a withdrawal request on the website. The next day I was called again (in English from London) and told me to install Anydesk remote control software on my PC and start my online banking. When I asked what this was about, I was told very aggressively that this would not be possible otherwise due to regulatory requirements and that I should not explain his job to him. Anyone who takes part here will most likely have their account emptied.” |
In the translated text, you can see where the customer wrote “……The next day I was called again (in English from London) and told me to install Anydesk remote control software on my PC and start my online banking…..” as highlighted in red in the table above.
Notably, Anydesk remote control software offers INDEPENDENT remote access to personal computers and other devices.
The Solobit scammer swindles their customers by asking them to do online banking transactions with this software running in the background! Imagine opening your online bank account as you transact with Solobit, all while having Anydesk give this scammer access to your PC, remotely!
It would be a major disaster because you’d have given them all the details necessary to log into your bank account and withdraw money.
3. Enticing Unsuspecting Investors With Attractive Benefits
Solobit is one smart scam broker who lures people into their net by announcing enticing packages. These include margin loans of up to 100% of the deposit amount.
For many gullible investors who are flattered by the idea of multiplying profits with minimal capital input, Solobit’s bait is simply irresistible.
Once you deposit funds, hoping to take advantage of the advertised margin loans, the company will start taking you in circles. They’ll introduce unrealistic terms and conditions, which you must first meet before qualifying for a margin loan.
Solobit Review Part 3:My Final Verdict
Solobit is not a legit broker as the product website(solobit. co) tries to make you believe. This broker is a scammer who has no intention of offering a trading platform at the moment. There are several positive reviews of them on Trustpilot, which might make you trust them. Perhaps Solobit worked as advertised in the beginning, all in a bid to win clients’ trust. After achieving that, it looks like the money started trickling in, after which the broker felt it was time to show their true colors. All the most recent reviews of them on Trustpilot, suggest that this broker is a scam. In conclusion, don’t invest your money with Solobit(solobit.co) because you’ll never profit or get it back.
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Your point of view caught my eye and was very interesting. Thanks. I have a question for you.