Greenfields Capital Exchange Review

Greenfields Capital Exchange Review

Greenfields Capital Exchange Review

Greenfields Capital is a new trading platform that was first launched in 2017. Owned by Premium Peak Ltd who have offices in both Estonia and London, Greenfields Capital allows traders to perform CFD and Forex trades using their platform.

There are more than 200 tradable assets that traders can trade with on Greenfields Capital through CFD or Forex trading. These trades are all completed using the SpotOption trading platform that Greenfields Capital have opted to go with, a decision that we think is a good one as it really is a good little platform.

We should make it clear at this point that Greenfields Capital is unregulated but then again, neither are most cryptocurrency exchanges. This does not have to be a bad thing as such but you might want to do a bit of homework or only trade with small amounts in the beginning.

As for the assets that can be traded, cryptocurrencies are actually one of the more recent to be added. You can expect to see Bitcoin, Dash, Ethereum, Ripple, Litecoin, Monero and many other major cryptocurrencies at Greenfields Capital.

If you are interested in what you are hearing so far, why not read the rest of this review to see if you find it a good enough exchange to deposit onto.

 

What Can You Trade at Greenfields Capital?

Compared to many other trading platforms, Greenfields Capitals does seem to have a very good range of assets that can be traded via CFD or Forex. Everything from stocks, shares and cryptocurrencies are just some of the assets where you can speculate on their future values.

We should make it clear that you will never own any of these assets and are just speculating on them. So for that reason, do not think that this is like a cryptocurrency exchange where you can actually purchase and sell the currencies in order to make money.

Instead, you are essentially making a judgement on whether you think these assets will grow or fall in value and therefore making your money on that basis.

  • Forex
  • Stocks
  • Shares
  • Indices
  • Commodities
  • Cryptocurrencies

With more than 200 assets to trade and the promise of many more, the \re is little doubt that you will not get bored when trading at Greenfields Capital.

 

Accounts at Greenfields Capital

If you have ever created accounts at other trading platforms in the past, you will probably be used to the fact that there is normally a number of accounts that you can choose from. The higher the level of account, the more benefits you will receive.

Greenfields Capital is no different in this regard as you will quickly see that there are three accounts to choose from:

Basic Account (fixed spread account)

  • $250 is the minimum deposit required for this account.
  • Can receive a bonus up to 50%.
  • 190 different assets available to trade.
  • Market reviews on a daily basis.
  • Trading alerts.

Standard Account (floating spread account)

  • $5,000 is the minimum deposit required for this account.
  • Can receive a bonus up to 50%.
  • 190 different assets available to trade.
  • Market reviews on a daily basis.
  • Trading alerts.
  • Priority withdrawals.
  • Personal account manager
  • Protected capital
  • Financial plan
  • Risk management plan
  • Personal analyst

Pro Account

  • $10,000 is the minimum deposit required for this account.
  • Can receive a bonus up to 50%.
  • 190 different assets available to trade.
  • Market reviews on a daily basis.
  • Trading alerts.
  • Priority withdrawals.
  • Personal account manager
  • Protected capital
  • Financial plan
  • Risk management plan
  • Personal analyst
  • Rushed withdrawals
  • All tier trade rooms
  • Invited to VIP events
  • Higher payouts
  • Special ventures

If you are new to trading and are not yet ready to risk your own money, there is also a demo account that you can use on Greenfield Capitals that will allow you to practice and get better at trading. Used alongside their other educational resources, it shouldn’t take you too long to at least learn the more basic trading practices.

 

Account Creation and Verification

There are usually two stages when creating an account at trading platforms such as Greenfields Capital, one being easy and the other being a little more time-consuming. The easy part is creating the account in the first place. This is just the usual stuff of providing an email address, creating a password and then having that email address verified.

The more difficult part comes when you need to withdraw any money, simply because you need to verify your identity first. We recommend verifying your account before you need to withdraw, however, as this will no doubt save you time in the long run.

When verifying, you will need to provide the following:

  • Copy of both the front and back of your government-issued photo ID.
  • Copy of both the front and back of your credit card.
  • A copy of a recent and valid bank statement or utility bill.

Once you are verified, you will be able to submit withdrawal requests at Greenfields Capital with each taking a specific amount of time depending on the payment method you requested the withdrawal in.

 

Trading Platform

The trading platform that is available to be used when you sign into your Greenfields Capital account is that of the popular SpotOption platform. This has been around for many years and is used by a number of other trading platforms as well.

SpotOption is one of the more popular trading platforms around and due to it being browser-based, can be accessed by any computer or mobile device. This platform is also popular due to it being known for being extremely fast compared to others and the fact that it provides trading on a 24-hour basis.

It also looks very appealing and has all of the charting and analytical tools that you need as you go hunting for your next potential payday.

This software is run through the browser and therefore does not require any downloading unless you wanted to try out their app version. That app version is for iOS and Android devices and is essentially the app version of the trading platform that is already in place on the web.

With there being an app version of their excellent platform, traders can now trade on the go no matter where they are as long as they can connect to the internet in some way.

Each of the platforms provided offers traders the ability to trade a number of different assets such as currencies, commodities, stocks and indices.

 

Accepted Payment Methods

Once an account has been created, traders have the option of depositing either USD, EUR or GBP. It is important to note that the currency you choose for your first deposit cannot be changed at a later date and will be the currency that you always use.

You have the option of using credit cards, wire transfers or e-wallets such as Sofort, IdealPay, KLUWP, Postepay and EFT. Each of those payment methods will have their own minimum and maximum limits applied to them and they are as follows:

Credit Cards

  • Minimum Deposit of 500 USD/EUR/GBP
  • Maximum Deposit of 5,000 USD/EUR/GBP
  • Minimum Withdrawal of 100 USD/EUR/GBP

Wire Transfers

  • Minimum Deposit of 500 USD/EUR/GBP
  • Maximum Deposit is Unlimited
  • Minimum Withdrawal of 100 USD/EUR/GBP

E-Wallets

  • Minimum Deposit of 500 USD/EUR/GBP
  • Maximum Deposit Varies Depending on Wallet
  • Minimum Withdrawal of 100 USD/EUR/GBP

Western Union

  • Minimum Deposit of 500 USD/EUR/GBP
  • Maximum Deposit of 10,000 USD/EUR/GBP
  • Minimum Withdrawal of 100 USD/EUR/GBP

It should also be noted that some payment methods will be completed quicker than others. Wire transfers will obviously Take The longest but if you wanted faster transactions, you could opt for e-wallets or credit cards instead as these are certainly the quickest methods.

 

Transaction Fees

The only fees attached to any of those above payment methods are when using wire transfers. A commission fee of $25 is added to the total amount. As for all other payment methods, there are no transaction fees charged by Greenfields Capital.

Where Greenfields Capital make their money is via small pips/spreads that are placed on top of every trade that is made. Each asset will have its own price that can change, so to find out the exact amount they will be making from each trade, you will have to check out their trading platform for yourself.

What we will say, however, is that after using the platform ourselves, we found the pis/spreads to be very competitive compared to other trading platforms out there.

 

Countries Supported

From the information we have gathered from the Greenfields Capital website is that most traders from most countries are welcome to sign up and start trading. We would assume that as long as you can verify your identity, you should not encounter many problems when trading there.

The following are the countries where residents will not be able to register an account:

  • The US
  • Canada
  • Israel
  • Belgium
  • France

If you are unfortunate enough to be from a  country on the above list, we are sure you will be able to find another great trading platform that you can use to trade with.

 

Customer Support

If you ever need to speak to a customer support agent at Greenfields Capitals, we are happy to say that they offer plenty of different ways that this can be done.

  • Live Chat
  • Email
  • Online Forms
  • Telephone (5 days a week)

We found the support at Greenfields Capital to be pretty responsive and their agents were definitely friendly and helpful. Admittedly, we did not ask them anything that was too testing but the issues we ‘made up’ were dealt with more than adequately.

Not only do they provide the many different ways to contact support that we listed above but they also put a lot of effort into educating their traders. This comes in the form of their education centre and also through the many videos, tutorials, ebooks and guides that they provide.

 

Safety

What might be a concern for some traders is that Greenfields Capital is not yet regulated by any regulatory authorities. While it would be better if they were regulated, perhaps this is something they are currently looking into as it should not be forgotten that they are new. It should also be remembered that many cryptocurrency exchanges are unregulated as well.

According to their website, they do claim to use every possible measure to ensure the safety of their traders. This includes using SSL encryption technology for all financial transactions that traders will make with them.

 

Conclusion

There is definitely plenty of choices out there for those of that are looking for a new trading platform to work your magic on but we certainly feel that Greenfields Capital is one of the better ones.

The interface is easy-to-use and has some brilliant trading features and at GreenFields Capital you will never be short of trading pairs or assets to consider. They actually have more than 200 of them in total and we are sure they will keep adding more as they mature as an exchange.

With regards to fees, they are certainly not the lowest out there but they are far from being the highest either. We think this is kind of made up for anyway with the 50% bonus they give to people when making their first deposit on their platform.

Topping it all off is the fact that they have a strong focus on educating their traders. Not all trading platforms are like that and would not really care if their traders went broke as long as they were making their cut of the deals. Greenfields Capital, on the other hand, take pride in teaching their traders to be as good as they can be.




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