Solidus Securities SA

What Solidus Securities SA does

Solidus Securities Α.Ε.Π.Ε.Υ. is a Greek investment services firm founded in October 1999 by Alexandros Sinos and Christos Tzoumezis and operating since February 2000. The company is licensed and supervised by the Hellenic Capital Market Commission, and is a trading and clearing member of the Athens Stock Exchange, the Cyprus Stock Exchange, and EUREX derivatives exchange. It provides execution of orders, portfolio management, investment advice, custody and administration of financial instruments, margin lending, and investment research to more than 25,000 private and institutional clients, with stated positioning focused on Greek active private investors and avoiding relationships with listed issuers.

The firm's core product set spans non-complex instruments (stocks, bonds, money market instruments, UCITS) and complex instruments (derivatives, options, futures, swaps, structured products) across the Athens Stock Exchange, Cyprus Stock Exchange, and international markets. Supporting infrastructure includes an electronic trading platform, an online market analysis system, a technical analysis system, and the SOLIDUS Analysis Daily Report research product. Operations are delivered through three parallel channels — telephone trading desks, an electronic trading platform, and in-person service at the Athens headquarters and Thessalonica branch — augmented by a network of 41-51 tied agents across Greece and 18 independent partner companies authorized by the Capital Market Commission. Technology processes include gov.gr electronic signature verification and eGov-KYC for digital onboarding, with TLS RSA 3DES encryption and Netherlands-hosted infrastructure. The firm also acts as a wholesale execution and custody provider to other Greek investment services firms, having absorbed portfolios from PRELIUM ISF (2017) and DYNAMIC SECURITIES ISF (2022).

Solidus monetizes through four revenue streams: trading commissions on stock exchange transactions, recurring investment advisory fees, custody and administration fees, and distributor compensation on financial products distributed under EU regulations. Pricing is transaction-based and pay-as-you-go, with no public fee schedule disclosed. The firm has been consistently profitable for six consecutive years through 2022 and listed on the Emerging Companies Market of the Cyprus Stock Exchange in 2019 (ticker: CSE: Solidus). A 65%-owned subsidiary, SOLIDUS INSURANCE SA, has extended the offering into insurance distribution since 2014.

Name

Solidus Securities SA

Legal name

SOLIDUS Securities Α.Ε.Π.Ε.Υ.

Website

https://solidus.gr

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

51–100 employees

Short description

Solidus Securities SA is a Greek-licensed investment services firm offering brokerage execution, portfolio management, investment advisory, and custody services to 25,000+ active private investors and institutional clients across the Athens Stock Exchange, Cyprus Stock Exchange, EUREX, and international markets.

Ownership category

akta.pro rank

Product category

Investment Brokerage

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (52394)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Investment Management Advisory (RIA) (FSAEAAAB)

akta.pro secondary industries

Securities Safekeeping & Asset Servicing (Core Custody Ops) (FSACAHAF), Fund Custody & Transfer Agency Services (FSACAHAG)

Keywords

• Brokerage services
• Investment services
• Portfolio management
• Securities trading
• Custody services

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Trading Commission Revenue: Revenue from executing client orders in shares, bonds, derivatives, mutual funds, and ETFs on Athens Stock Exchange, Cyprus Stock Exchange, and international markets. The company charges transaction fees and commissions for trading services.
2. Investment Advisory Services: Revenue from providing investment advice and portfolio management services to private and institutional clients
3. Custody and Administration Services: Revenue from custody and administrative management of financial instruments on behalf of clients including custodian services and related services
4. Financial Product Distribution: Revenue from distributing financial products as a licensed distributor under EU regulations throughout Greece

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

Solidus Securities SA is a Greek investment services firm that executes client orders in shares, bonds, derivatives, mutual funds, and ETFs on the Athens Stock Exchange, Cyprus Stock Exchange, and international markets. The firm also offers discretionary portfolio management, personal investment advice, custody and administration of financial instruments, margin lending, and investment research, and serves as a wholesale execution and custody provider to other licensed Investment Services Firms.

Product overview

SOLIDUS Securities Investment Services Firm operates as a comprehensive investment services platform offering a multi-channel delivery model. The core offering consists of investment services including execution of orders, portfolio management, investment advice, and custody services. Services are delivered through multiple channels: telephone trading (Συναλλαγές μέσω Τηλεφώνου), electronic trading (Ηλεκτρονικές Συναλλαγές), and in-person service. The product portfolio includes access to multiple markets (Athens Stock Exchange, Cyprus Stock Exchange, and International Markets), with financial instruments spanning non-complex products (stocks, bonds, money market instruments, UCITS) and complex instruments (derivatives, options, futures, leveraged products, structured products). Supporting features include Online Market Analysis (On Line Ανάλυση Αγορών), Technical Analysis System (Σύστημα Τεχνικής Ανάλυσης), and the SOLIDUS Analysis Daily Report for investment research. Additional services include Private Banking, Corporate Services, Insurance Services, and the Electronic Signature Verification process enabling remote account opening. The company operates as a distributor of financial products through a network of tied agents across Greece, with its subsidiary SOLIDUS INSURANCE SA (65% owned) providing insurance services.

Differentiator

Problem solved

Functional benefit

Products and services

• Order Execution Services
• Portfolio Management
• Investment Advice
• Custody and Administration Services
• Margin Trading
• Investment Research
• SOLIDUS Analysis Daily Report
• Private Banking Services (Υπηρεσίες Private Banking)
• Corporate Services (Corporate - Υπηρεσίες προς Επιχειρήσεις)
• Insurance Services (Ασφαλιστικές Υπηρεσίες)

Quantifiable outcome

• Ranked 6th among Greek Investment Services Firms members of Athens Stock Exchange based on 2024 revenues of €7 million
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, minor and major.

• DYNAMIC SECURITIES ISFcoreChannel Partner/ Reseller/ Distributor · 1 January 2022DYNAMIC SECURITIES ISF transferred client investment portfolios to SOLIDUS Securities ISF in January 2022 for custody and execution services
• PRELIUM ISFcoreChannel Partner/ Reseller/ Distributor · 1 January 2017PRELIUM ISF, after its merger with VERSAL ISF in 2017, transferred client investment portfolios to SOLIDUS Securities for custody and execution services. SOLIDUS acts as a wholesaler providing execution and custody services to other Investment Services Firms.
• VERSAL ISFminorChannel Partner/ Reseller/ Distributor · 1 January 2017VERSAL ISF merged with PRELIUM ISF in 2017; client portfolios subsequently transferred to SOLIDUS
• SOLIDUS INSURANCE SAcoreStrategic or Co-development Partner · 1 January 2014Since 2014, SOLIDUS Securities Investment Services Firm owns 65% of SOLIDUS INSURANCE SA, a Greek insurance agency company - subsidiary relationship
• ARTION SECURITIES ISFmajorOthers · 1 May 2009Acquired and merged ARTION Securities Investment Services Firm in May 2009, expanding market presence
• VALUE CAPITAL ISFmajorOthers · 1 August 2006Acquired and merged VALUE CAPITAL Investment Services Firm in August 2006 as part of dynamic development path
• EUREX derivatives ExchangecoreTechnology or Integration · 1 January 2001Became a member of EUREX derivatives Exchange in 2001, enabling derivatives trading capabilities

Scale indicators10 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Wood & Company: Central and Eastern European investment bank and broker with established Greek/CEE institutional brokerage operations. Comparable execution, custody, and research capabilities to Solidus at larger scale.
• Interactive Brokers (Greece/Cyprus): Global online broker offering low-cost international execution to Greek retail and professional clients. Competes with Solidus on international markets access and electronic trading, though Solidus adds Greek local market access.

Direct peers

• NBG Securities: Securities arm of the National Bank of Greece, providing brokerage, custody, and investment advisory services. Direct competitor in Greek ISF rankings where Solidus placed 6th in 2024.
• Eurobank Equities: Greek investment services firm providing brokerage, equity research, and investment banking services. Direct competitor to Solidus in Athens Stock Exchange execution, advisory, and custody for retail and institutional clients.
• AXIA Securities (formerly ΚΥΚΛΟΣ ΧΡΗΜΑΤΙΣΤΗΡΙΑΚΗ): Greek ISF offering trading on the Athens Stock Exchange and international markets, plus portfolio management and advisory. Comparable in size and product offering to Solidus.
• Alpha Finance: Greek investment services firm affiliated with Alpha Bank offering brokerage and advisory. Competes with Solidus for retail investors active in Athens Stock Exchange and international markets.
• Piraeus Securities: Greek ISF affiliated with Piraeus Bank, offering execution, custody, and investment services on the Athens Stock Exchange. Competes directly with Solidus for Greek retail and institutional brokerage mandates.
• Optima bank Securities (now part of Optima group): Greek investment services firm providing brokerage and custody services, ranked among Greek ISFs by Athens Stock Exchange revenue. Direct competitor for retail execution and custody mandates.

Regional players

• EFG Cyprus (Eurobank Cyprus / EFG): Cyprus-based wealth management and brokerage provider serving Cypriot and Greek clients. Comparable product set (execution, custody, advisory) in overlapping geography, especially relevant given Solidus's Cyprus Stock Exchange membership.

Others

• ATHEXClear (Athens Exchange Clearing House): Central counterparty and clearing house for the Athens Stock Exchange. Solidus is a clearing member; ATHEXClear is an infrastructure enabler rather than a competitor, but it directly affects Solidus's operating costs and service quality.

Market position

Strengths4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solidus Securities SA