Going through a long list of unregulated domains, we noticed GreenlinePro broker. Seeing that many clients have been involved and experienced withdrawal issues with this firm, we made sure to find all the information you need. Read our GreenlinePro review and get it.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | greenlinepro.com |
| Blacklisted as a Scam by: | N/A |
| Owned by: | N/A |
| Headquarters Country: | UK (allegedly) |
| Foundation year: | 2021 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | 250 EUR |
| Cryptocurrencies: | Available |
| Types of Assets: | FX, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage: | 1:600 |
| Free Demo Account: | No |
| Accepts US clients: | No |
What About GreenlinePro Regulation?
GreenlinePro is a shady anonymous firm. In the Contact section, you can find a bland explanation that the broker is based in London, UK. However, we already know this is just an alleged address when we get no information about the owner, regulation number, etc. In fact, the firm is probably offshore, providing unsolicited trading services from afar.
Why Must A Broker Have a License?
If you’re looking for a safe broker that’ll take care of your funds and ensure that you are able to withdraw profits, then you need a regulated company. Preferably, it’ll be a Tier1 investment firm, licensed by the FCA, ASIC, BaFin, or similar.
Since GreenlinePro is allegedly in the UK, it should have an FCA license. Since this headquarters is only alleged, so is their regulation.
Traders Reviews of GreenlinePro
GreenlinePro seems to keep clients away from writing reviews. We did find some and what we saw was not good. Here’s just one of the examples.
“It’s 100% scam!!!!
You can’t withdraw money!!!!
Don’t do it (I have done it unfortunately) but you never see your money again !!!”
– Trustpilot Customer
What Platforms Does GreenlinePro Offer? – Available Trade Software
GreenlinePro stated that it offers an “easy to use trading platform, suitable for both seasoned investors and newbies.” Upon checking, we concluded that the firm provides you with the basic WebTrader, far from satisfying investment software.
You can overview your assets, open and close trades, and invest in more funds, but that’s about it. If you’re looking for a sophisticated platform, we always advise MT4 or MT5.
All About GreenlinePro Accounts
GreenlinePro definitely offers various account types and various perks. You can choose among:
- Standard – 250 EUR
- Bronze – 2,500 EUR
- Silver – 10,000 EUR
- Gold – 50,000 EUR
- Platinum – 200,000 EUR
- Diamond account – 500,000 EUR
Accounts differ in minimum deposit, spread, leverage, bonuses, support sessions, etc. If the firm were legitimate, this would be quite a solid offer.
Countries Where GreenlinePro Operates
Our research has shown that the firm mainly targets EU citizens. The majority are located in:
- Germany
- Czech Republic
- Belgium
- Switzerland
- Spain
GreenlinePro Range of Trading Instruments & Markets
Clients of the GreenlinePro broker can invest in the following trading instruments:
- Currency pairs
- Commodities
- Indices
- Shares
- Cryptocurrencies
GreenlinePro Trading Conditions
The trading company has some suspicious trading conditions. For instance, the leverage goes up to 1:600, while the UK regulator has set a limit of 1:50 for the Forex market and 1:2 for crypto, which means that the broker cannot be a UK-based and regulated firm.
Also, the spread is over 1 pip for EUR/USD pair, making this firm even less desirable. On top, you’ll have to pay 1% for all executed trades, while all deposits are subject to fees. There’s an additional quarterly fee of $75 for all accounts. Why? Because they can.
GreenlinePro Bonus Policy
The firm provides up to 100% bonus but doesn’t have a Bonus Policy. Judging by other fees and commissions, GreenlinePro employees will come up with some hefty charges and rollovers for the bonus. Since the exact amount is unspecified, it’s left for them to determine how much you can afford to invest and to pressure you to do so, allegedly to repay the bonus. In fact, it’s just a lure to make you invest everything you have and disappear.
GreenlinePro Deposit, Withdrawal Methods, and Fees
GreenlinePro’s minimum deposit is 250 EUR, while the minimum withdrawal amount is $100. As mentioned, deposits are subject to fees, while withdrawals allegedly aren’t. Besides the deposit fee, clients have to pay a dormant fee of 30 units every month, assuming your account is inactive for more than 60 days.
What to Do if I Get Scammed by GreenlinePro? – Tell Your Story
If you get scammed by GreenlinePro or a similar firm, let us know. We will book a free consultation, evaluate your case, and help you file a dispute for a chargeback.
But What Is A Chargeback?
This is a way for your bank to reverse the fraudulent transaction and get your money back. If you have issues getting withdrawal, a chargeback is your only solution. Don’t waste more time; get in touch, and let’s start the process now!