• A Scam Broker
• FCA Warning
• Negative Reviews
• Trading Software
• Downplaying Risks of Trading
• Leverage Misuse
• Requotes

A Scam Broker

GreenField Capital is a poplar trading platform. This platform came to our attention through several scam reviews. We want to see how the company works and what it offers user before forming an opinion. Online trading is a prolific business but it is not properly regulated, and this grants permission to companies that want to make money with malpractices and ripping off its customers.

 

FCA Warning

Premium Peak Ltd T owns and operates Greenfields Capital. The company has trow addresses, London and Prague. The website fails to mention any information about license or regulation. Moreover, the company has been warned by FCA several times.

Greenfields Capital is suspected to illegally work on UK soil without any authorization. This is a major red flag.

Negative Reviews

The online community is full of negative reviews against Greenfields Capital. There is a negative hype created against this broker with most users complaining they had their account suspended or couldn’t withdraw payments.

Trading Software

Greenfields Capital doesn’t use MT4 Platform. This broker is web-based. You don’t have to download any additional programs to work. Yes, you could work from any device, but it doesn’t promise security.

On the official website, Greenfields claim it supports mobile trading. Yes, the website mentions it has apps for both Android and iOS. However, there are no active downloading links available. Having a trading app that works is crucial and its one of the many things scammers cut short on.  The site says it will introduce trading apps soon.

Greenfield Capital Uses SpotOption. It is a tried and tested platform. This platform uses several underlying assets including stocks, indices, stockers, commodities, and stocks. This platform also supports Forex and CFD Trading. The platform also offers turbo options. These tools are the very basic of internet trading. The company has no license.

Downplaying Risks of Trading

It doesn’t matter whether you want binary options crypto or forex, there will always be a risk involved in every trade. Several brokers use special advertising methods to downplay the risk or ignore the fact that it exists and the trader should be aware of this.

Brokers have to rely on advertising sponsorships with different clubs and skipping on risk warning.

Leverage Misuse

The trader needs to understand terms and conditions before accepting service. The issue is. Most brokers don’t put any real effort in explaining what leverage is, and what trading under leverage means. These brokers offer high leverage to traders who don’t understand it is not free for them to use but a feature as it affects their return. Brokers use leverage, and traders lack the knowledge to manipulate liquidity.

Requotes

Requote is a major issue in Forex Marketplace. Traders have to say away from it at all costs. It creates a situation where the broker does allow you to trade or provide you trade on the price you enter. It is common in volatile market. This means you can benefit from a certain order. You won’t execute it, so you get a requote.