- October 21, 2017
- Posted by: Michael
- Category: Untrusted brokers/systems
Greenfields Capital is a new binary broker that was established in 2017. Today we are going to have a closer look whether this company is a scam or not.
Greenfields Capital is not a licensed company and therefore its operation is illegal. So be extremely careful if you decide to trade here. The minimum deposit for opening a new account is $250. The minimum investment is $5. The broker does not operate internationally, so they provide only platform and support in the English language.
Trading platform of Greenfields Capital
The company uses famous SpotOption platform which offers classic High/Low binary options, ladder and one-touch options. Marginally the platform also includes Forex and CFD trading. Payouts for binary options range from 60% to around 80%, so they are not the worse, but most licensed binary brokers offer better. Cryptocurrency trading is possible on the SpotOption as well you can either trade them like High/Low options or as a CFD product. Payouts for classic options are for cryptocurrencies 62% to 70%. The number of tradeable assets is 190.
Greenfields Capital bonus
As an unlicensed broker, Greenfields Capital can offer a deposit bonus, which is 50% of all deposits. The withdrawal conditions are, however, terrible and most traders complain about them. Clients are required to make a total trading volume of at least 30 times the amount of the bonuses. You can, however, reject accepting this bonus.
Why I consider Greenfields Capital to be a scam
I hate to see when a company is a scam, but every trader should know with whom they are dealing. Greenfields Capital does not have a particularly good reputation on the internet, mainly due to problems with withdrawal process which is difficult thanks to a deposit bonus. It is a wonder to me that the company has successfully managed not being spotted by a regulatory body because they are unlicensed and they can not operate in Europe, Asia or on any other continent. Reason for that is probably because they are new in the industry and they have no history since they were created in 2017. Greenfields Capital can, therefore, be considered by some as a scam.
Average rating of Greenfields Capital