Updated on January 2, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding GreenFields Capital due to the issues we've identified.
Is GreenFields Capital Scam or Legit Broker? ▲
Engaging with GreenFields Capital presents a significant risk to traders due to its lack of regulation and potential fraudulent operations. Our exhaustive investigation has revealed that GreenFields Capital operates without any regulatory oversight. The absence of registration or a reputable license raises serious doubts about its legitimacy. Additionally, concerns have been amplified by the suspicion of fraudulent activities associated with the broker. Despite listing an address, there is no evidence of authorization or regulatory compliance, suggesting that GreenFields Capital could be operating from an undisclosed location, further obscuring its operations and increasing the risk to traders.
What is GreenFields Capital? ▲
GreenFields Capital is presented as a Forex and CFD broker under the ownership of Premium Peak Ltd. The broker claims to have operational addresses in Tallinn, Estonia, and London, UK, along with a UK-based contact number. However, it is crucial to note that GreenFields Capital lacks regulation in these or any other jurisdictions. Adding to the concerns, GreenFields Capital has found itself on the blacklist of the Financial Conduct Authority (FCA) in the UK and the Financial Markets Authority in New Zealand, highlighting the global apprehensions regarding its operations and raising red flags for potential investors.
After a thorough examination and considering the unregulated status, lack of transparency, and the broker's inclusion on regulatory blacklists, it is clear that investing with GreenFields Capital is unsafe. To protect your investments, it is imperative to engage only with brokers regulated by reputable authorities such as the Financial Conduct Authority (FCA) in the UK or the Financial Markets Authority (FMA) in New Zealand. These regulators ensure that brokers adhere to strict operational standards, offering traders a safer trading environment. Furthermore, our discovery that the GreenFields Capital website is no longer operational serves as a stark reminder of the volatility and risk associated with unregulated brokers. Traders are advised to remain vigilant and to avoid any future propositions that may arise from this or similar entities lacking proper regulatory oversight and transparency.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.