GreenFields Capital Review
GreenFields Capital is a binary options, Bitcoin and forex trading broker that was established and launched in 2012. The brokerage is owned and operated by KINTEKA OU, with their headquarters located at 5th Floor, office # 71 on 9th Joe St. Tallinn, Estonia. Also, they have a registered address at 78 York Street, London, UK. GreenFields Capital accommodates the modern trader by offering an array of tradeable assets and markets to trade online, including cryptocurrencies, stocks, forex, indices, and commodities. To accommodate these financial assets, GreenFields Capital features a sophisticated trading platform, numerous tools, features, and educational content to help traders get started.
The brokerage is not licensed and has yet to be regulated by a reputable regulatory authority but claims to be in the process of doing so. GreenFields Capital is an international trading brokerage, but they do not offer their services to Israel, Belgium, France, United States, and Canada. Also, they only offer their services in the English language. GreenFields Capital appears to be a reputable trading brokerage with a wide array of investment services. However, how do you know if they’re right for you? In the following review we delve deep into the aspects that make up this online trading brokerage and see what sets Green Fields Capital apart from the competition and whether or not they can be trusted.
Exchange Platform
Greenfields Capital utilizes a web-based trading platform known as SpotOption. This platform is very popular among online trading brokerages and familiar to both beginner and advanced traders. The platform is quite advanced with an interface that’s very well designed and user friendly. SpotOption features a sophisticated charting package complete with an extensive number of drawing tools, technical indicators, and chart types for technical analysis. As well, the platform is lightening fast and allows for instant execution and 24/7 trading capabilities. Traders are able to place advanced order types such as limit orders, stop losses, take profits, and can select the amount of leverage to trade with, in an easy to do manner. Their SpotOption platform is also mobile friendly and features downloadable applications for both Apple and Android smart devices. The mobile version of the platform incorporates all the same features and has been optimized for mobile devices. It’s great for busy traders who need to manage their portfolio and make quick trades on the go.
Their SpotOption platform is also mobile friendly and features downloadable applications for both Apple and Android smart devices. The mobile version of the platform incorporates all the same features and has been optimized for mobile devices. It’s great for busy traders who need to manage their portfolio and make quick trades on the go.
Exchange Markets
Greenfields Capital accommodates nearly every type of trader by providing a wide range of financial markets to participate in. Traders can participate in the trading of forex with numerous currency pairs including majors, minors and exotics. As well, they can trade CFDs on a number of markets such as commodities, stocks, indices, and cryptocurrencies. In total, there are over 190 tradeable assets across these markets. Cryptocurrency CFDs are their latest asset class and traders can trade CFDs on the top cryptocurrencies including Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Dash (DASH) and Ethereum (ETH).
Fees
Greenfields Capital is somewhat flexible with the fees imposed on traders by allowing traders to choose between 3 different account types, all of which incorporate different fees through the spread. The first account type is called the Basic Account and uses a fixed spread for fees. The next account up is the Standard Account and uses floating spreads. The next account is the Pro Account and uses market spreads. Depending on the type of trader you are, you can choose different account type so that the spread fees are favourable to your trading style. Unfortunately, Greenfields Capital does not disclose any information about how tight the spreads are. Besides the trading fees through spreads, Greenfields capital charges a dormant account fee of $49 if your account has no trading activity after only 45 days. Also, a 10% withdrawal fee is applied if no trades have been made.
Security and Fairness
As mentioned before, Greenfields Capital is not yet regulated, which imposes some risk for traders. However, Greenfields Capital has a good reputation and imposes the latest security and encryption technologies to protect their client’s information and funds. As for fairness, the broker requires all traders to submit KYC (know your customer) information, and traders have access to all the same tradeable assets, trading platform, basic features, and educational material. Traders who wish to make large deposits for the higher account types receive additional benefits such as account managers, priority withdrawals, and more.
Support
Greenfields Capital has an impressive customer support system that’s available 5 days a week from 8am to 5pm Mondays – Thursdays and 8am to 1pm on Fridays. The support methods available include live chat, email, an online contact form, and telephone. Their support representatives are reported to be quick to respond and very kind and helpful. Additionally, traders can find support through an extensive education centre with various information on trading, how to use the platform, and information on the listed assets. As well, traders have access to tutorials, videos and various eBooks available for download. Also, traders can find answers to most questions in the FAQ section on the website.
Conclusion
Greenfields Capital is a competent and reliable trading brokerage offering forex and CFD trading on a variety of assets including cryptocurrencies. Their SpotOption platform is very popular among traders and operates very smoothly. The broker offers traders great support via a variety of methods and allows traders to choose an account type suitable to their needs. The broker is not yet regulated and therefore traders should approach Greenfields Capital with caution. However, they seem to be offering competent and reliable services thus far.
Greenfields Capital Pros
- Excellent SpotOption Trading Platform
- Informative Customer Service & Education Center
- Wide range of assets and markets to participate in
Greenfields Capital Cons
- Not Regulated
- Fees are not very transparent
Greenfields Capital FAQ
Here are some of the most common questions that are asked about Greenfields Capital crypto trading service.
Is Greenfields Capital regulated?
No. Greenfields Capital is not regulated.
Where is Greenfields Capital based?
Greenfields Capital is based out of Estonia.
How does Greenfields Capital make money?
Greenfields Capital charges trading fees through the spread for each trade transaction.
How do I deposit in Greenfields Capital account?
Greenfields Capital accepts deposits through wire transfer, credit cards, Western Union, and various e-wallets.
How do I withdraw money from Greenfields Capital?
You can withdraw through wire transfer and credit card.
Can I trade on Greenfields Capital with my mobile device?
Yes, you can use your mobile device to trade on Greenfields Capital through their downloadable mobile application.
Is Greenfields Capital reliable?
Greenfields Capital has proven to be a reliable and trusted exchange that has yet to be hacked.
Is Greenfields Capital a scam?
No. Greenfields Capital is a legit broker and is not a scam.
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