Is SolisMarkets a scam? Based on its regulatory footprint, withdrawal behaviour and corporate transparency, our verdict is clear — and concerning. Here is the full review.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is SolisMarkets?
On the surface, SolisMarkets looks like an ordinary forex and crypto broker. Its public site is presented at https://www.solismarkets.co.za/. But surface impressions are exactly what these operations rely on — the substance behind SolisMarkets is where the problems begin.
Is SolisMarkets regulated?
SolisMarkets provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.
Red flags we identified
- Account dashboards that show “gains” with no real market exposure
- Opaque or anonymous corporate ownership
- Aggressive “account managers” coaching clients to deposit
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- Offshore or shell-company registration used to avoid oversight
Our analysis
SolisMarkets claims to be operated by Eklavya Asset Management Ltd Pty, which holds a license from the Financial Services Conduct Authority (FSCA). Our research confirms that a company with this name appears on the FSCA licensee list. However, it’s important to note that FSCA does not publicly disclose domain names or online affiliations of licensees, raising concerns about potential identity theft. Additionally, there is no official information confirming a link between Eklavya Asset Management and SolisMarkets. Given the lack of regulation by other major financial authorities, we believe that SolisMarkets is highly likely to be a scam.
Can you recover money lost to SolisMarkets?
If you have deposited with SolisMarkets, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by SolisMarkets?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.