Msolutions Forex prop firm review - A confirmed scam?!

Msolutions Forex prop firm review - A confirmed scam?!

Msolutions prop firm offers funded accounts with funded options ranging from 1k to 200k USD. There are two challenge account types and the profit split is up to 90%, which seems attractive. The pricing starts at 98 USD for the 15k 1% challenge. The firm's offerings seem attractive, but we have detected several major red flags with this firm. We will analyze these red flags and provide an unbiased analysis of the firm’s reliability. 

In this unbiased Msolutions review, we will assess the firm’s safety, rules, funded options and types, assets, pricing, platforms, support, and more.

Pros & cons of Msolutions prop firm

ProsCons
Pricing starts at 98 USDConfirmed scam (overwhelming number of negative trader reviews on Trustpilot)
 Only custom web platform
 No live chat or phone support
 No educational resources
 No multilingual support
 Declines withdrawals very often
 Strict rules and conditions including hidden rules

Quick rating of Msolutions and its features

FPA ScoreNot rated yet
Year founded2024
HeadquartersUnknown
Minimum audition fee98 USD
Fees on withdrawals0 USD
Minimum funded amount10,000 USD
Maximum funded amount200,000 USD
Allowed daily loss5%
Profit target8%
Maximum trailing drawdown10%
Profit sharing (Payouts)Up to 90%
Trading PlatformsCustom platform
Available trading marketsForex, commodities, indices

Safety of Msolutions

There are no Msolutions reviews on the Forex Peace Army (FPA), which is a red flag. On Trustpilot, the firm has over 450 reviews and 76% of these reviews are 1-star evaluations, directly indicating the firm is a scam and fraud. There is no other explanation for an overwhelming number of negative trader feedback. Therefore, we advise our readers to stay away from this scam firm. The firm only offers demo trading even after traders get funded and traders report a multitude of withdrawal declines from the firm. This is extremely unethical and unacceptable. 

The firm gets a 0 score in this section.

Msolutions Funding and maximum capital allocation

Msolutions funded programs are two, 1% Challenge and Non HFT Challenges. Generally, HFT props are scam firms, as High-Frequency Trading (HFT) requires serious investment and time to develop these algorithms. No retail traders can launch HFT algos and the firm is clearly misleading traders here. The list of Msolutions funding options is different for each account type and includes 10k, 15k, 25k, 50k, 100k, and 200k USD. 

The 1% Msolutions challenge offers funded options from 15k to 200k USD and the Non HFT accounts offer from 10k to 200k USD. 

Msolutions scaling plan is not offered, which is a downside.

Overall, the firm gets a 2.5 score in this section. 

Msolutions Assets

Msolutions prop trading assets including Forex, commodities, and indices. There are no cryptos offered for trading, and stocks are not offered either. The leverage is limited as well.

As a result, the firm only gets a 2 score in this section. 

Msolutions Trading rules and limitations

Msolutions rules include a 5% daily loss limit and a 10% maximum drawdown on both challenge types. Other rules are different for each account. The profit target is 1% on the 1% challenge in phase one and 0.5% in phase 2. The profit target for non-HFT accounts is 8% and 5 % for phases 1 and 2. There are 5 minimum trading days on the non-HFT and 1 day on the 1% challenge. 

The firm gets only a 0.8 score in this section. 

Msolutions Fees

The pricing at Msolutions starts at 98 dollars for the 15k challenge of 1% Challenge type. The 10k USD account of Non HFT Challenges costs 170 dollars, which is very expensive. Spreads are high, which is not suitable for scalpers and surely not HFT. 

Msolutions free trial is not offered and the Msolutions free repeat is not available either, which means traders can not test trading conditions or start over for free.

Overall, the firm only manages to get a 1.5 score in this section. 

Msolutions Platforms

The firm only offers a custom web trading platform, which makes it impossible to use API calls for HFT and algorithmic trading. The naming of HFT is misleading, therefore, as traders are unable to automate trading systems with this platform, which is limited in its features. Mobile trading is not available either. 

Overall, the firm only gets a 0.9 score in this section, as it only allows access to its custom web platform. 

Msolutions Profit-Sharing

Msolutions profit split is 60% for the 1% Challenge and up to 90% for the Non HFT Challenges, which is competitive. The conditions are much more attractive for the 1% challenge, and 60% is very low. The maximum of 90% is attractive for the Non HFT challenges, but the firm is a confirmed scam, and we do not recommend our readers to sign up for this firm. Withdrawals incur no fees but are lengthy. In fact, the firm is known to decline withdrawals for no obvious reasons.

As a result, the firm gets a 0 score in this section. 

Education and trading tools at Msolutions

The firm lacks comprehensive educational resources such as webinars, articles, and video guides. However, it offers a trading blog and tools section on its website. The blog offers tips and various information about trading, which is interesting to read.

Overall, the firm gets a 1 score in this section. 

Customer Support at Msolutions

When it comes to customer support, the firm only provides an email channel, which is a red flag. There are no live chats or phone support options offered, and the website is not multilingual. 

Therefore, the firm only gets a 1.2 score in this section. 

Frequently Asked Questions on Msolutions

Is Msolutions legit?

Msolutions scam is almost confirmed by the overwhelming number of negative reviews, indicating serious issues and unethical practices. 

Is Msolutions a good prop firm?

No, the firm has an expensive fee and is a confirmed scam. It does not provide access to advanced platforms and declines withdrawals. 

What is the minimum Msolutions fee?

The smallest fee starts from 98 USD for the 15k challenge of 1% Challenge type.