Is Greenfields Capital a scam broker?
If you were scammed, please fill this complaint form and our representative will get back to you.
Greenfields Capital is operated by Premium Peak Ltd., is a non-regulated broker offering Binary Options, Forex/CDF’s, and Cryptocurrency trading. Their registered address is London UK which is a virtual office. Their operations are located at Tallinn Estonia. According to their live chat, they are in a process of regulation but practically that it is not true. They opened in 2017.
This broker offers clients Forex trading on Bitcoin, CFD’s and regular assets class like Oil, Gold, Stocks and Market Indexes, more than 100 assets to trade. Depending upon the time of the day and volatility of the asset the leverage amount and spreads vary.
During scanning various auto traders and robot scam reviews, Greenfields Capital was also on the list. They frequently show themselves on many sites as “trusted brokers” so that many traders sign up with them. Only those brokers who are untrustworthy have to shout loud from the rooftop that they are “trusted brokers” to attract investors like Binary Options Auto Trading, FinTech Ltd., iBinaryRobot and OptionRobotPro etc.
Let us analysis if Greenfields Capital is a scam broker or not.
Lack of regulation is one of the red flag traders should be cautious about. On the site under bonus terms, the terms are contradictory. First, they write that withdrawal will be accepted on payment of a fee if the bonus terms are not fulfilled. But under withdrawal terms, they mention that one cannot withdraw unless bonus terms are met. There is a confusion which term should be met for withdrawing the bonus.
There is much contradictory information on their website. They cooperate with robot scams and online scams to get clients. Their website and platform SpotOption is just ready to trap bonus and sweet talk account managers decide on your bonuses to keep their businesses going. And this is a bad deal for investors and traders.
Their dormant account policy is also not justifiable. Usually, most brokers have a dormant policy whereby if the account if not in operation for 3 to 6 months (in some cases a year) trader is declared dormant but he can become active once the certain fee is paid. In case of Greenfields Capital scam account becomes dormant in just 45 days of inactivity. And to make it active they charge $49.90 which is rather too high. And after another month you are again charged $49.90 which is ridiculous.
There is one Greenfield Capital in UK which is regulated by FCA for loans and other financial services and this Greenfields Capital which is unregulated binary options broker. This is cloning as they have virtually same sounding words as any legitimate businesses. If you check their bonus policy at their site you will see PlusOptions page and not Greenfield Capital they apparently forgot to replace it. Even in their T&C of Greenfield Capital is using PlusOptions and denies any links to it which is something really fishy. Either they simply copied the content and forgot to replace with their own name or they are connected. Presently they have replaced the bonus policy page. Market