Greendax Review

Greendax Review

General Information

Broker Name: Greendax

Broker Type: CFD

Country: Saint Vincent and the Grenadines

Operating since year: 2022

Regulation: /

Address:  Suite 222, Griffith Corporate Centre, Beachmont, Box 22222, Kingstown, St Vincent and the Grenadines

Broker status: Active

 

Customer Service

Phone: +18008316765

Email: [email protected]

Languages: English

Availability: 24/5

Trading

The Trading platforms: Proprietary

Trading platform Time zone: /

Demo account: No

Mobile trading: Yes

Web-based trading: Yes

Bonuses: No

Other trading instruments: Yes

Account

Minimum deposit: $250

Maximal leverage:  1:400

Spread: Floating

Scalping allowed: Yes

REVIEW CONTENT

  • General Information & First Impressions
  • Fund and Account Security
  • Registration at Greendax
  • The Trading Accounts
  • Greendax’s Trading Platform
  • Funding and Pricing
  • Trading Products at Greendax
  • Customer Service at Greendax
  • Conclusion

Broker Review: Greendax

Broker Review: Greendax

General Information & First Impressions

Greendax is a new online broker that offers users trading services on various materials via CFDs. Its usage of CFDs allows it to present a vast collection of assets, increasing its versatility and openness. And while there are some minute downsides to CFD trading, they’re relegated to the investing world. For traders, they only bring advantages such as quicker execution, less slippage, and of course, greater asset selection.

Our Greendax review will go over numerous important conditions about the broker. However, before we go into a deep dive, we’ll present our initial impression of the broker.

And right off the bat, Greendax presents itself as a serious and open company. It conveys that message through its website built around user experience and intent in mind. The broker realizes that its users don’t care about promotional material or unimportant conditions being shoved down their throats. As such, it structured greendax.com in such a way that it’s simple to learn what you actually want to know.

The navigation across the website is excellent and important conditions are simple to spot. That makes the broker seem much more open to newer traders who can get overwhelmed by waves of useless info. It improves the overall user experience as well, as you won’t need to rifle through meaningless content.

Greendax gets to the point and has numerous qualities it can be proud of. That results in a better-than-average customer experience, which we’re, of course, glad about. All that together results in a great start to our Greendax review.

Fund and Account Security

Fund and Account Security

Safety is a very important quality to look for in a broker. You don’t need us to know losing money to scams isn’t an exhilarating feeling. However, perhaps you aren’t aware of the thick presence of bad players in the finance field. Fraudsters are unfortunately everywhere, and they’re eagerly waiting for inexperienced victims. As such, the burden of protecting yourself is on you, as these criminals are adept at avoiding punishment.

We’re here to provide assistance and give our own opinion of Greendax. Of course, we also encourage you to research the broker by yourself and form your own opinion. In our case, we were content with how the broker’s safety conditions looked for our Greendax review.

The broker has a clean slate without any past transgressions. Since it’s fairly new, however, many traders won’t value that information highly. That’s fair, but there are numerous other indicators of it being safe.

Here, we must notice how greendax.com is structured in a transparent and straightforward manner. That’s very unlike a scam whose goal is for you to go in confused. That also carries through to its legal documents, which are fairly comprehendible.

Of course, you won’t be reading them with bated breath, but keep in mind you’re reading legal documentation. You can’t expect much more than it being simple to comprehend, and even that is an impressive achievement on the writer’s end. Putting in the effort to make everything understandable demonstrates goodwill on Greendax’s behalf.

Of course, there are also the other, more rigid security conditions that keep away hackers. The broker employs encryption through all faucets of its service, including payments and the platform. That keeps your information safe from attackers. There are also account authenticators that keep your logins exclusive.

Registration at Greendax

To register at greendax.com, you’ll need to press the sign up button in the top right of your screen. It’s located in a similar spot to where it is with other online services, but it’s admittedly harder to spot. That’s because it has the same font and colour as the buttons beside it. However, if you’re at all familiar with using your computer (or phone), it shouldn’t be hard.

Pressing the buttons, as you’d expect, takes you to the registration page. There, the broker will ask you to submit some basic data concerning your identity and location. Of course, the broker will use that for later identification processes. It also needs to verify that you’re of legal age to trade and within its service area. Here’s a good spot to mention that the broker doesn’t accept users from Iraq, North Korea, and the United States.

The registration process also lets you decide on a few things early. For example, you can input any promo codes you have right away and choose your currency. You can also opt in or out of communicating with the broker. As we said earlier in our greendax.com review, the broker has many features that streamline the user experience, and that’s one of them.

The Trading Accounts

Greendax has a variety of account options that aim to satisfy users with different budget preferences. The accounts start at $2,500, meaning that’s the minimum deposit for you to start trading. Of course, you can still trade with the entire amount.

And we’re glad to say that Greendax doesn’t make the usual broker mistake of making the base account too weak. We say mistake, but most brokers do that on purpose to goad traders into investing more. Instead, Greendax opts for the more user-friendly approach that makes the playing field more even.

That’s to say that even Greendax’s Beginner account is a potent tool in and of itself. It grants you access to market instruments and analytical materials, along with features such as one-click trading. That helps you stay on top of markets and makes the trading process much smoother.

Of course, if you’re a high-end trader, you can always skip the initial stages. You can’t go wrong with the higher price point accounts, as they bring noticeable assistance, comfort, and trading features. They aren’t strong enough to necessitate an upgrade, but they’re definitely upgrades.

The broker managed to create a system that both awards luxury investors and remains fair to those on a budget. We consider that the sweet spot as far as account structures go. Here’s what you can expect from the different account classes on greendax.com:

The Trading Accounts greendax.com

Beginner

  • From $2,500
  • Basic access to market instruments
  • Desktop/Web Terminal
  • Mobile Trading
  • Analytical Materials
  • One Click Trading

Standard

  • From $5,000
  • Basic access to market instruments
  • Desktop/Web Terminal
  • Mobile Trading
  • Analytical Materials
  • One Click Trading
  • Swap Free/Islamic
  • Daily Analysis

Intermediate

  • From $25,000
  • Basic access to market instruments
  • Desktop/Web Terminal
  • Mobile Trading
  • Analytical Materials
  • One Click Trading
  • Swap Free/Islamic
  • Daily Analysis
  • Market Coverage

Advanced

  • From $50,000
  • Full access to market instruments
  • Desktop/Web Terminal
  • Mobile Trading
  • Analytical Materials
  • One Click Trading
  • Swap Free/Islamic
  • Daily Analysis
  • Market Coverage
  • Special Market Coverage
  • Personal Account Manager
  • Trading Strategies Allowed

Integral

  • From $100,000
  • Full access to market instruments
  • Desktop/Web Terminal
  • Mobile Trading
  • Analytical Materials
  • One Click Trading
  • Swap Free/Islamic
  • Daily Analysis
  • Market Coverage
  • Special Market Coverage
  • Personal Account Manager
  • Trading Strategies Allowed
  • Private Instant Support

VIP

  • From $250,000
  • Full access to market instruments
  • Desktop/Web Terminal
  • Mobile Trading
  • Analytical Materials
  • One Click Trading
  • Swap Free/Islamic
  • Daily Analysis
  • Special Market Coverage
  • Trading Strategies Allowed
  • VIP Personal Manager
  • Special Event Invitations
  • Private Instant Support

Greendax’s Trading Platform

Greendax’s Trading Platform

The broker built its service around its sophisticated high-feature platform with an intuitive interface. The platform boasts features such as superior charting and extremely low latency leading to quick execution. The average time for a trade to go through is 0.20 seconds, which optimizes your risk management. Of course, it also has stop losses and take wins functions.

The platform is available via web, Android, or iOS devices. That ensures you can access the markets wherever you go and react to sudden occurrences.

Funding and Pricing

Greendax’s pricing stands among its most impactful qualities. In line with the broker’s philosophy, we presented earlier in the greendax.com review, it’s transparent and effective. You’ll always know exactly how much money the broker will charge you for its service. That allows for incredibly precise analyses and transparent trades even on larger positions.

We should also note that the prices are much lower than with other similar companies. That, of course, means you take more money back to your proverbial home at the end of the day. As a trader, that really should be your top goal.

The funding is fantastic as well. It’s protected by Secure Payment encryption and has options for cards and even BTC. That guarantees each trader will have an option to quickly and effortlessly deposit and withdraw their money.

Trading Products at Greendax

As we said earlier in our Greendax review, the broker presents its assets via CFDs. That presents numerous advantages in liquidity, order volume, and, naturally, asset variety. The broker offers over 1,200 assets from various global categories. Here’s the list of trading instrument classes on greendax.com:

  • Forex
  • Stocks
  • Commodities
  • Indices
  • Cryptocurrencies

Customer Service at Greendax

You can reach the support at Greendax via telephone, email, or live chat. The operating hours are 24/5, so you’ll reach them during most trading hours. The support is responsive and knowledgeable, going along with the broker’s overall atmosphere.

 

Phone: +18008316765

Email: [email protected]

Customer Service at Greendax

 

Greendax Review: Conclusion

Greendax focuses on the conditions that matter to users, thus creating a refreshing service. The user experience beats most similar companies, and the versatility ensures it’s open to everyone.

The benefits don’t end at comfort, however. Comfortable brokers are pleasant, but they usually yield much higher costs. Where Greendax excels is that it manages to maintain low costs and high trading functionality while also providing a smooth user experience.

Naturally, that earns the broker a positive score for the end of our Greendax review. If you’re in search of a new trading company, we definitely recommend you strongly consider Greendax.