Greendax Review 2022

Is Greendax Safe & Legit?

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Fancy finding out more about a relatively new broker that provides access to thousands of global assets across a high-functioning platform? We thought you might! That’s exactly why we’ve conducted this latest Greendax review!

Our experts have been busy making their way through the simple sign up process and putting the Greendax platform through its paces. Below, you’ll find out all there is to know about funding your account, the tradable assets available to you, types of fees you can expect to find, and plenty more. You won’t want to miss this one!

Offers and New Customer Experience: What is Greendax offering its users?

At the time of curating our most recent Greendax review, there are no sign up or welcome offers available to new traders.

However, just as we found in our Demaxis review, a simple click of the sign up tab will open up an on-site registration form, allowing traders to sign up with great ease. Here, traders are expected to input various personal details, including name, address, and telephone number, before selecting their preferred currency and confirming that they are happy with the terms associated with the risk policy, order execution, and more.

Once players have hit the submit registration button, they can focus their efforts on providing sufficient ID and passing the relevant KYC and AML checks. After verification has been confirmed, you can consider the account types available to you before making your first deposit. Don’t worry, we cover all of that later in our Greendax review.

Usability: First look at the Greendax experience and rating

When first landing on-site, things look awfully similar to what we found in our Finaguide review – minus the fancy background.

All of the key tabs required to get started and learn more about the Greendax plastform are positioned across the top, with the registration and log in buttons situated in the top right-hand corner. The blue, green and white colour theme is aesthetically pleasing and, most importantly, allows traders to review all information clearly.

When compared to other top brokers, we found that the Greendax site loaded promptly and trades were executed in real-time, too. You can also alter whether the site is in English or French, all while keeping your eyes on current prices of top assets on the rotating banner at the bottom of your screen!

As we moved away from the site and focused on trading directly, we soon spotted plenty of charting tools readily available for use across an impressive range of assets, including Greendax crypto, commodities, forex and global indices. We discuss account types and trading platforms next up in our Greendax review; however, it is well worth mentioning that the user-experience is just as fantastic when making use of the mobile app as it is when using the preferred desktop counterpart.

Accounts: Make the right choice

Based on our latest Greendax review, we feel confident that most traders will find themselves an account that suits their requirements. Currently, traders can choose between six accounts, ranging from beginner to VIP.

The beginner account is, unsurprisingly, best-suited to beginners. It requires a minimum deposit of £2,500 and provides traders with basic access to market instruments, web, desktop, and mobile trading, one-click trading, and access to analytical data, too.

All following account types offer the above, plus the additional perks as highlighted below:

  • Standard (min deposit of £5000) – daily analysis and a swap free/Islamic account.
  • Intermediate (min deposit of £25,000) – market coverage, daily analysis and a swap free/Islamic account.
  • Advanced (min deposit of £50,000) – Trading strategies allowed, a dedicated account manager, special market coverage, daily analysis and a swap free/Islamic account.
  • Integral (min deposit of £100,000) – Private instant support, trading strategies allowed, a dedicated account manager, special market coverage, daily analysis and a swap free/Islamic account.
  • VIP (min deposit of £250,000) –  Special event invites, Private instant support, trading strategies allowed, a dedicated account manager, special market coverage, daily analysis, a swap free/Islamic account, and various additional perks.

As we have already noted, it is apparent Greendax aims to appeal to the larger trading community. The inclusion of swap free/Islamic accounts may be utilized by many other top providers, as seen in our FXRevenues review; however, the addition of daily analysis, market coverage, and private instant support is certainly not offered by all and are definitely perks that we all could do with from time to time!

Although an inactivity fee may be added to your account, specifics are not itemised across the site. Based on our understanding, Greendax will get in contact with traders directly should this be the case and traders will be given ample time before any fees are taken from their account.

Trading Platforms: High-feature trading platform comes as standard

The next section of our Greendax review focuses on the fantastic in-house trading platform that is presented to its traders.

Our best advice is to not be fooled by its simplistic design – the Greendax trading platform is a fully-functional, responsive, and low-latency online platform that allows Greendax traders to enter the market quickly. Currently, users can make use of an abundance of features through the desktop download, online through the WebTrader, and via a dedicated iOS or Android mobile app.

Based on our own experience, we found that the mobile app was the ideal way to stay on top of our trades throughout the course of the day; however, when it came to charting and making use of other tools and functions, the desktop and online site were our preferred options. Of course, we recommend giving all platforms a go to find your very own way to trade.

Trading Payments: Secure deposits at Greendax

As we established in our CryptoGo365 review, the trading world is fast-paced and, at times, fairly volatile. With this in mind, we were hoping that our Greendax review would highlight fast transaction times and secure payment methods to choose from.

Did Greendax deliver? Well, sort of! It didn’t take our experts long to spot that Greendax traders can deposit instantly using Mastercard, Visa, Skrill, and Bitcoin; however, aside from that, there isn’t a great deal of information on limits – perhaps it’s worth asking your dedicated account manager, when the time comes.

Naturally, minimum deposits vary across the board and will be dependent on your chosen account type. Just to quickly recap, beginners can deposit from as little as £2500 and VIPs will need to deposit a cool £250,000. The security on-site is of the highest calibre and the whole platform is encrypted using the latest SSL encryption tech, too. We won’t dive too deeply into that just yet, though – we’ve got a whole section dedicated to security coming up very soon.

Fees: Pay attention to the small print

Let’s start this section with a positive. Just like we found in our updated Cinpax review, Greendax does not apply any fees to any transactions to and from your account. However, it is important to mention that further information surrounding fees will vary depending on your chosen account and assets that you opt to trade.

Thankfully, these fees will be identified along the way, long before any money has changed hands. One negative surrounding fees, as briefly touched on earlier, revolves around inactivity and will only be disclosed should you trigger it. While there is plenty of time given to login to your account, this isn’t overly transparent for its users.

Customer Service: Greendax reviews customer queries efficiently

When creating our latest Greendax review, we quickly identified the chat and support tabs and got to work testing out the professionalism and knowledge of the Greendax support agents.

Thus far, Greendax had proved what a reliable, user-friendly, and accessible platform they had to offer and we had high hopes that the support team would hold themselves to a similarly high level. Thankfully, we weren’t disappointed and any queries and concerns we forwarded were soon resolved.

At the time of writing, available contact methods include an on-site contact form, live chat, telephone, and email. If you fancy a trip to Hong Kong, they’ve offered up their address, too; although, it’s probably just as easy to send them a letter with your concerns.

Regulation and Deposit Insurance: Is Greendax safe?

Although Greendax are relatively new to the industry, what we do know is that Greendax Limited is the acting principal company that operates under the main website and is registered in Hong Kong.

As we have already mentioned in our Greendax review, the security at Greendax is of an exceptional standard. We briefly touched on the SSL encryption technology used across the site; however, we must also note that Greendax also adheres to KYC and AML processes, as per industry standard, and keeps client funds in a segregated account.

Additional Features: Don’t judge a book by its cover

We must confess, when conducting our Greendax review, we felt like everything was as it should be. It was well designed, simple, easy-to-use, but nothing really helped to separate it from the rest of the market. That is, of course, until we started to trade.

The speed that trades can be executed is exceptional and the pace that market prices are updated is equally as impressive. In turn, we believe that Greendax is able to offer one of the most honest reflections of market movement around – something that any keen trader, scalper, or investor will be grateful for. Switching from desktop to mobile app is a breeze, too, meaning if traders are caught off guard, they can soon access their accounts and rectify any issues.

Greendax Forex

Forex trading offer: Expect to find majors, minors, and exotic pairs

Earlier in our Greendax review, we discussed the various assets that were available to be traded freely across the Greendax platform. Although a variety of assets are available, there is no dispute that Greendax specialises in providing an exceptional forex offering.

While many top competitors will offer standard major pairs, including GBPEUR and USDGBP, Greendax ventures into the minors and exotic markets, too, allowing traders to enjoy pairs such as EURHUF and EURPLN. Thanks to the speed of execution and real-time market price updates, traders, scalpers and investors can use their major, minor, or exotic strategies to best effect at Greendax.

Forex trading costs: Will vary depending on your account

One of the downsides to trading with Greendax is that you will not know the full extent of the fees you will incur until it is time to select your account. However, we do know that competitive pricing and low commissions come as standard. Based on our own knowledge, we can predict that fees will lower as you work your way through the tiered account system.

Thankfully, one thing that all traders do not need to worry about is incurring fees when depositing or making a withdrawal.

Forex trading conditions: Could not be better

Unfortunately, our Greendax review was quick to highlight that those living in North Korea, Iraq, and the United States will be unable to make use of the Greendax service. Aside from that, traders are presented with superb conditions to trade forex.

You can access one of the most liquid markets across the globe online, through desktop download, or mobile app. Greendax also prides itself on ensuring that customer funds are protected and you can make use of a wide range of charting tools and ultra-fast execution, too.

Product summary & conclusion: An ideal destination to trade forex

Although specifics on fees and charges are hard to come by, there is no doubt that the forex trading experience at Greendax is one of the best around.

Traders can enjoy researching, charting, and executing their trades across majors, minors, or exotic markets, taking full advantage of the ultra-fast execution that comes as standard at Greendax.

Greendax Review FAQs

💯 What fees can I expect at Greendax?

Once you’ve passed KYC, it can be far too easy to make a deposit and head straight to the open market. However, before any of that, we suggest making use of our Greendax review to highlight any transaction, trading, overnight, and hidden fees you may be subjected to.

🚀 Can I get rich trading with Greendax?

There are no guarantees in the world of online trading; however, we at TradersBest.com can guarantee that we will help find the perfect broker for you. Thanks to our in-depth coverage of top brokers, you’ll find the ideal place to trade within a few short reads.  

📱Is there a Greendax crypto mobile app?

Due to the volatile nature of trading, the ability to access trading accounts on the go has become a need, rather than a want. In our latest Greendax reviews, we discuss the usability, type of accounts you can open, ways you can fund your Greendax experience, and whether this can all be done through a dedicated mobile application.  

🌟 Have there been any Greendax scams?

We at TradersBest.com pride ourselves on offering the most comprehensive reviews across the market. Our experts dedicate time to review a broker’s timeline looking out for scams, threats, and scandals, in an attempt to highlight the real risks associated with trading at each broker. Find out how Greendax fared in our latest Greendax review. 

Conclusion: Select the right Greendax account for your needs today!

The experts at TradersBest.com are all in agreement that Greendax is an ideal trading platform for a wide range of traders, scalpers, and investors.

Although the main focus of Greendax is forex, traders can research, chart, and eventually trade or invest in stocks, commodities, digital currency and global indices. Depending on your chosen account, minimum deposits begin from as low as £2500 and rise up to the dizzying heights of £250,000 at VIP status.

All traders can feel safe in the knowledge that the latest encryption technology is used across the site, alongside various industry processes, including the KYC and AML process that both aim to combat fraud and money laundering. The trading platform itself is highly-functional and trades can be executed at lightning speeds, offering a dynamic trading experience to all. Whether you make use of the mobile app, desktop, or WebTrader, you’ll have a great time at Greendax.

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