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GreenFields Capital Review - is it scam or safe?

GreenFields Capital Review - is greenfieldscapital.com scam or good forex broker?

RATING: 1.2 / 6 REVIEWS ForexBrokerz GreenFields Capital
GreenFields Capital is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


 

Trading Accounts & Conditions

 

Account type

Min. deposit

Maximum leverage

Spreads

Basic

$250.00

1:300

Fixed, 4 pips

Standard

Not specified

1:300

floating

Pro

Not specified

1:300

floating

 

Unfortunately, the information on the different trading conditions of GreenFields Capital is quite scarce. Instead of clear indication of spreads and minimum initial deposits, the website of this broker informs the public of some “extra” features of Standard and Pro accounts, such as personal account manager, priority withdrawal, risk management plan, webinars, etc.

 

 

GreenFields Capital Advanatges:

 

Many asset classes covered

One of the few good things we could say about GreenFields Capital is that its product portfolio covers many asset classes. There are a number of forex pairs available for trade, as well as various CFDs – on commodities, indices, stocks, ETFs, as well as cryptocurrencies.

 

Although GreenFields Capital offers a number of different coins for trade, we would advice those of you who are into crtyptocurrencies to select a regulated crypto broker.

 

 

>> Forex brokers offering BTC trades <<

 

 

Relatively high leverage

The maximum leverage available at GreenFields Capital is 1:300 for forex pairs, which is a relatively high ratio. Cryptocurrencies, on the other hand, can be traded with leverage of 1:3.

 

While having the option to use high leverage levels is nice, it is not recommended for all traders. Be sure to fully understand how leverage works before entring a trade with high ratios, as you micght lose more than you have deposited.

 

 

GreenFields Capital Disdvantages:

 

Not regulated, many regulatory warnings against it

GreenFields Capital is owned and operated by Premium Peak Ltd T. The website provides two addresses: one in London, UK, and another in Prague, the Czech Republic, but mentions nothing about license, nor regulation. What is worse, 6 financial regulators have issued warnings against GreenFields Capital, including UK's FCA, the Estonian Financial Supervision Authority, New Zealand’s Financial Markets Authority (FMA), the Czech National Bank, he Monetary Authority of Singapore (MAS), and the Securities Market of the Republic of Panama.

 

Lots of negative reviews

As we we did our due diligence research on this broker, we found a lot of negative user reviews in various forex and sites and forums. Most of the people complain they have been cold-called by representatives of GreenFields Capital and scammed. So, you’d better stay away from this broker

 

MT4 not supported

GreenFields Capital offers trading via a web-based platform of its own, which has nice charting and the option to adjunct the leverage used for each trade. While this olution will probably allow you to trade, there are better platforms on the market. For instance, MetaTrader4 (MT4) is a popular one, which offers a much better charting package, and most notably supports the use of newly created technical indicators and automated trading systems (Expert Advisors).

 

 

    >> Select a MT4 broker <<

 

 

High fixed spreads

We played with GreenFields Capital’s web trading interface for a while and noticed that the spreads are actually quite high, fixed at 4 pips on EUR/USD.

 

 

 GreenFields Capital's web platform. Click on the image to zoom

 

By comparison, easyMarkets, a trusted broker regulated in Europe and Australia, offers 1 pips fixed spread for this pair to any client who deposits at least $250.

 

 

Conclusion

 

If we had to summarize our recap of GreenFields Capital in just a few words, that would be: Not recommended. Although this broker offers wide range of financial instruments for trade on its web-based platform, it does not seem reliable. The company behind it has offices in Prague and London, but is not regulated. It illegally targets UK investors and therefore the FCA has issued a warning against it On top of that, there is a plethora of negative user reviews about this broker. So, you’d better stay away from GreenFields Capital and select a properly regulated broker instead.

 

 

>> Brokers regulated by UK’ FCA <<

 

 

We usually recommend brokers licensed in the UK, as the FCA applies strict requirements to them and exercises strict supervision. Besides, there is a compensation scheme in place if a regulated entity goes bankrupt.

 

Here are, once again, the advantages and disadvantages with regards to GreenFields Capital :

 

Pros Cons

Many asset classes covered

Not regulated, FCA warning against it

1:300 in leverage  

Lots of negative reviews

 

MT4 not supported

 

High fixed spreads

     

 

Latest news about GreenFields Capital
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Traders` reviews for GreenFields Capital

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Greenfield Scam

Greenfields are clearly SCAM . Anyone investing will loose all their money . Something has to be done to put this Company out of Business .

John Watson 01/10/2019

Greenfields scam

They are scammers as they scammed me with $5000 in January 2018. Once I made the investment and wanted to do a withdrawal a week thereafter they refused to pay me back. They are trading on your behalf via anydesk and steal and rob people like me. I want my money back as I almost lost everything because of these thieves and liars

Samantha Mash 01/04/2019

Do not trade with GFC

GFC lost the vast majority of my money and will not let me withdraw any funds - now nor at any time during my time with them. I invested my savings, sold my car and they talked me into borrowing money from the bank at interest, assuring me that I would make it back in a few months. I am still paying off that debt with no returns at all from GFC. They will only let me close my account if I forfeit the remaining funds to them.

They offer "bonus payments" on deposits but these payments are never available to the client. The bonus policy requires that the client trades 30x the value of the bonus before money can be withdrawn, be it the bonus money or your own deposit money. This policy is not disclosed to the client, I had to research it myself on Google. Even though I have traded more than this amount, I am still not allowed to withdraw any money.

The staff are pushy, (especially Luis Goodhart) always suggesting that you deposit thousands of dollars more. They don't care if you are already in debt or are a disabled pensioner - they still suggest you ask the bank manager for more.

They make profit from your trading whether you do or not, so their advice is rather hit-and-miss. Either way, they make money. If you make money, you are not allowed to withdraw it. If you lose money, they tell you to deposit more.

DO NOT TRADE with GFC

Trevor A Discombe 11/15/2018

Greenfield Capital , big Scam

It's not only that they refuse to withdraw your funds. They steal it without remorse, as much as they can. I would suggest victim of Greenfield Capital to be send to the trial and then end up on the death row.Make a report to FBI. Also to ActionFraud in U.K.

Joby 10/20/2018

Lost trade in Greenfield Capital and a scammer

Greenfield Capital is a BIG scammer. It really been cheated by them. They take my money US$5251. Every time they guide to trade and I lost my trade. I can't withdraw my own money even USD$ 1. Their reason is that they gave bonus US$1500.

Before that they used this website:
https://www.greenfieldscapital.com/
and now they change to:
https://gfcinvestment.com/
Don't ever trade in this Company. They are all scammer and cheated. You will loose your money.

This are all people had been involved in Greenfield Capital:
1. David Hunter ;
2. Samuel Cromer
3. Adam Dyer

Payment was made by:
This is their made payment: © Alternative Payments Limited, 2018. All Rights Reserved

Alternative Payments Limited
Trading as CreditVouchers.com
First Floor Millennium House, Victoria Road, Douglas, Isle of Man, IM2 4RW
Phone: +44 (0)845 299 6244
Fax: +44 (0)845 280 0164
Adam Dyer

Senior account manager & Team Leader

+442035829743 Extension - 7167

Adamdy@greenfieldscapital.com

http://linkin-media.com/

https://www.greenfieldscapital.com/

https://anydesk.com/download

I hope somebody will take action to put them in Jail. They are all CHEATER.

Myram 07/26/2018

GreenFields Capital - Avoid this company

I deposited £400.00 and was very soon told that £5,000 would allow me a much better service. As red flags go that took some beating and I quickly closed the conversation after asking for my money back. No chance. I was called again a few weeks later by a "senior broker" who explained that my "inactivity penalties" could be refunded once I started trading. I merely, if vehemently, repeated the request for the refund of my deposit with the same result.





Christopher Philip Robinson 06/06/2018

Should read the reviews FIRST, be warned

parted with £360 sterling after a lot of pressure, (they wanted £1,900!)
have tried to cancel my account, their so called Compliance Team keep dodging the requests to refund my money, asking for photos of Passport/Driving License/Utility Bill/Bank Statement but when sent the Team then find fault with the images and request a better copy,to date I have sent 5 lots of Identification, all have been rejected so it looks as if I have lost my deposit So I join the queue of disappointed investors in this Company. Like others I will have to put this down to experience .

Dominic Breen 05/01/2018
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