Score
SOOLIKE
South Africa|1-2 years| https://soolike.com/en
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
Hong KongContact
Licenses
Single Core
1G
40G
Contact number
+27 10143 1654
Other ways of contact
Broker Information
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SOOLIKE CAPITAL MARKETS
SOOLIKE
South Africa
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- The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $10,000 |
| Minimum Spread | -- |
| Products | FX Major, FX Crossess, FX Minor, FX TRY, Spot Metals, CFDs, Spot Indices, Shares |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $100 |
| Minimum Spread | 1.8 |
| Products | FX Major, FX Crossess, FX Minor, FX TRY, Spot Metals, CFDs, Spot Indices, Shares |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $10,000 |
| Minimum Spread | 0.7 |
| Products | FX Major, FX Crossess, FX Minor, FX TRY, Spot Metals, CFDs, Spot Indices, Shares |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $700 |
| Minimum Spread | 1.6 |
| Products | FX Major, FX Crossess, FX Minor, FX TRY, Spot Metals, CFDs, Spot Indices, Shares |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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SOOLIKE · Company Summary
| SOOLIKEReview Summary | |
| Founded | 2010 |
| Registered Country/Region | Regulated |
| Regulation | South Africa |
| Market Instruments | ForexPrecious metalsCommoditiesEnergiesIndicesStocks CFDCryptocurrency |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.0 pip |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Phone: +27 10143 1654 |
| Email: support@soolike.com | |
| Online Chat: 24/7 | |
| Physical Address: Atrium on 5th, 9th Floor, 5th Street, Sandton, Johannes burg, 2196, South Africa | |
| Social Media: Twitter, Facebook, Instagram, Linkedin | |
SOOLIKE Information
SOOLIKE is a South African-registered brokerage established in 2010 and regulated by the FSCA. It enables traders to trade various products, including forex currency pairs, commodities, futures, indices and stocks via the MetaTrader 5 trading platform. There are also 4 types of accounts that support spreads starting from 0.0pip.
Pros and Cons
| Pros | Cons |
| Well regulated | |
| 275+ instruments | |
| The spread starts at 0.0 pip | |
| Support MT5 |
Is SOOLIKE Legit?
| Regulated Region | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
 | FSCA | SOOLIKE CAPITAL MARKETS (PTY) LTD | Financial Service | 53244 | Regulated |
What Can I Trade on SOOLIKE?
SOOLIKE says it supports 275+ instruments, including trading forex pairs, such as GBPUSD, EURUSD, USDJPY, etc. It also has Stock CFDs; Ftse 100, Germany 40, Wall Street and other indexes; Precious metals are gold, silver and so on; Trading commodities, including metals, energy and agricultural markets; It is also possible to trade more than a dozen cryptocurrencies, including Bitcoin, Ether and Litecoin.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious metals | ✔ |
| Commodities | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| Stocks CFD | ✔ |
| Cryptocurrency | ✔ |
| Bonds | ❌ |
| ETF | ❌ |
Account Types
SOOLIKE has four types of accounts: Standard Account, Premium Account, Micro Account and ECN Account.
They have a uniform leverage of 1:500, with minimum deposits from $100 to $10,000.
SOOLIKE Fees
The spread of the 4 accounts ranges from 0pip to 1.8pip with no commission. In addition, all four types of accounts charge swap fees.
Trading Platform
SOOLIKE enables traders to use MT5 on desktop, mobile and web.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile, Web | Skilled traders |
| MT4 | ❌ |
Deposit and Withdrawal
SOOLIKE supports payment methods such as VISA, BANK TRANSFER, Bitcoin, Perfect Money, wire transfer and mastercard.
News
NewsAnalysis of today's market
After the Federal Reserve decided to cut interest rates by 25 basis points, gold extended its recovery following a steep decline earlier in the week, trading above $2,700. Powell's speech centered aro
WikiFXNewsAnalysis of today's market
Gold plunged to a three-week low below $2700 a troy ounce on Wednesday after the 2024 US Presidential election. The Republican candidate, former President Donald Trump, won the contest, bolstering the
WikiFXNewsAnalysis of today's market
Early on Tuesday, gold found support near 2,724 and rebounded. Against the backdrop of uncertainty surrounding the U.S. presidential election and a slight weakening of the U.S. dollar, gold rallied cl
WikiFXNewsAnalysis of today's market
On Monday, gold prices fluctuated. The risks associated with the U.S. presidential election and ongoing geopolitical tensions in the Middle East could support gold in the short term, as gold is a trad
WikiFXReview 27
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