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General Information
Broker Name: Greendax
Broker Type: CFD
Country: Saint Vincent and the Grenadines
Operating since year: 2022
Regulation: N/A
Address: Peking 1 Peking Road, Tsim Sha Tsui Hong Kong
Broker status: Active
Customer Service
Phone: +18008316765
Email: [email protected]
Languages: English
Availability: 24/5
Trading
The Trading platforms: Proprietary
Trading platform Time zone: N/A
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

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

 

Greendax Review – Why should you choose it?

Greendax Review - Why should you choose it?

General Information & First Impressions

Greendax is a new online broker offering its customers an opportunity to trade various assets. The broker operates via CFDs, which is a popular way for brokerages to assemble an expansive asset library. Some traders stray away from CFDs, but we believe that it makes no difference for the vast majority. The benefits of having assets present from numerous classes far outweigh the negatives of the trading products being CFDs. Later in our Greendax review, we’ll talk more about the assets the brokerage offers.

For now, let’s introduce some more general info about the broker. It operates from Saint Vincent and the Grenadines at Suite 222, Griffith Corporate Centre, Beachmont, Box 22222, Kingstown. The broker started operating in 2022 and is a modern brokerage with advanced software functionality.

It also has reasonable budget requirements, increasing its scope as far as potential audience goes. It requires a $250 initial deposit for a live account, which is lower than a lot of brokerages.

As for the website and navigation, Greendax definitely matches modern UI and navigation trends. It goes straight to the point, not wasting much capital on its website. It takes you straight to where you want to go, letting you access the desired information quickly. That translates to a pleasant browsing experience without any time wasted sifting through promotional content.

The initial impression for our Greendax review is resoundingly positive. It’s a broker that doesn’t fear going its own way and structuring its service to please customers.

 

Fund and Account Security

Fund and Account Security

Safety is a significant concern for anyone that wants to try out a new brokerage. Many people have been burned already by shady online brokers that are clearly trying to steal from you. Some do it in an apparent way, just draining your funds as soon as you deposit them. Others go a more obscure route and make it difficult to withdraw or riddle you with fees. Either way, the result is the same; you lose your money.

However, for our greendax.com review, we found no such issues. The broker passed our inspection without showing any sign of ill intent toward users. Its customer support is responsive and kind, fixing any sort of issue quickly. That also results in a smooth communication flow and keeps users up-to-date.

Furthermore, the broker’s entire setup maximizes clarity, making it apparent it’s not a scam broker. When you look at greendax.com, you can quickly learn all you need to know. The firm doesn’t mislead you or intentionally hide the things you need to know. As such, its traders can go into the experience fully informed.

We should also mention that Greendax’s legal info and terms are completely clean. The broker made them as easy to read as possible for documents of the sort. As such, even if you’re not a legal expert, you can understand what it expects from you and what it gives in return. It’s another aspect of the broker’s service that makes us confident about its trustworthiness.

Lastly, we should also mention its external security measures in encryption and account verifiers. Both do wonders at protecting users from outside influences, as long as they’re sound about their own online safety.

 

Registration at Greendax

Greendax makes it apparent what you need to press to register as there are numerous buttons across its website. They stand out against the backdrop, so they’re fairly easy to spot, and you can start the process whenever. Once you’re at the signup screen, you need to fill in some basic information, such as your address and age. The reason Greendax asks for that is apparent, as you need to be within its legislative requirements. Once you fill in the info, you’ll go through a KYC check and then you’ll be able to attain a live account.

The broker also has additional fields for you to enter a promo code and select your currency. The former can help you and the person that referred you to the broker. The latter helps avoid any misunderstandings and conversion rate mishaps when depositing funds. Both are solid user experience features that help enrich your experience and avoid issues before they occur.

 

The Trading Accounts

As we said earlier in our Greendax review, the minimum required deposit for a live account is $250. That still means you can trade with that money; it’s just so the broker makes sure you have enough disposable income. It’s also for risk profile determination, which the broker needs to do to fit regulator requests. But once you deposit the initial $250, you have the base account, which lets you access all the core features.

Even with the base account, you can have an entirely competitive trading experience. You aren’t locked out of any major features, and the spreads are tight regardless of account level. As such, greendax.com ensures fairness between different traders on its service.

However, there are still the upgrade options, which you can go for immediately or over time. The first upgrade is fairly easy to achieve, requiring a $1,000 cumulative deposit. Most serious traders will reach that naturally as they trade.

The subsequent types aim at luxury traders and have much steeper deposit requirements in the tens and hundreds of thousands. They promise luxury treatment as well as a few additional comfort features. Here’s a rundown of what the accounts at greendax.com offer:

The Trading Accounts

Standard

  • From $ 250
  • Basic access to market instruments
  • Desktop/Web Terminal
  • Mobile Trading
  • Analytical Materials
  • One Click Trading

Tera

  • From $ 1,000
  • Basic access to market instruments
  • Desktop/Web Terminal
  • Mobile Trading
  • Analytical Materials
  • One Click Trading
  • Swap Free/Islamic
  • Daily Analysis

Alpha

  • 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

Investor

  • 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

Professional

  • From $500,000
  • 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

As we said earlier in our Greendax review, it’s a modern brokerage in every sense of the word. That, of course, includes its platform, which it crafted to optimize potency and intuitiveness. That makes it easily accessible for those that are switching over or even those just starting their trading journey. It also avoided the pitfall of making the platform too simple to make it as easy to use as possible. Instead, it’s customizable to a high degree, allowing both newbies and experts to trade their own way.

The platform supports complex analysis features and multiple types of orders and charting. That means its a potent tool that aids you on your trading journey and improves as you become more confident.

You can access the platform via browsers by using the Web Trader or on mobile devices. The software runs on both Android and iOS, so you can access it no matter your device.

 

Funding and Pricing

Pricing is a significant point for any broker. Companies need to ensure they secure proper funding for their operations and profits. Simultaneously, they need to lower their prices as much as possible to compete with other online brokers. Most lean to hard on the secure profits side, making them a poor choice for traders.

However, Greendax is a customer-focused company and, as such, made sure to have competitive rates. As such, the company funds itself via spreads, which minimize costs on the user side. On top of that, it omits any hidden fees, which guarantees trading transparency.

 

Trading Products at Greendax

Earlier in our Greendax review, we talked about the broker being a CFD trading company. As we said, that brings much more good than harm to most traders. The issue is that you don’t have underlying asset ownership, but that doesn’t matter for profit-oriented traders. That’s especially true for those that employ day trading strategies and sell off their assets quickly regardless.

As for the upside, the broker offers an immensely large trading library to its traders. There are options from all popular trading instrument categories, and each section itself is deep. You’ll find all the most popular assets and a few fringe options for those that like to explore. Here’s what the trading product categories look like on greendax.com:

  • Forex
  • Stocks
  • Commodities
  • Indices
  • Cryptocurrencies

 

Customer Service at Greendax

Greendax follows the standard brokerage support structure. It operates on a 24/5 schedule, and you can reach it via email, phone, or live chat.

Phone: +18008316765

Email: [email protected]
Customer Service at Greendax

Conclusion

Greendax is a model brokerage that’s clearly focused on giving traders a positive experience. It realizes that if it achieves that, profits will come on their own. That’s in contrast with many modern firms which try and milk their users for money on every corner. It also results in a much more comfortable service, which should come as no surprise.

To wrap up our greendax.com review, we’d definitely recommend you try the broker. There are tons of features to enjoy while the broker guarantees safety and helps you grow.

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 4.64 (55 reviews)


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