There’s a lot of confusion about Green Capitalz broker and its operations. The firm is allegedly located in South Africa and has FSCA authorization. On the other hand, an offshore entity in Dominica is allegedly FSU-regulated. Read this Green Capitalz review and resolve all your questions and dilemmas.
To add to the foregoing, we strongly advise you to ignore brokers such as Geneticrypto, Bontobel, and BullGeko.
| Broker status: | Unregulated |
| Regulated by: | Unlicensed brokerage |
| Scammers Websites: | green-capitalz.com |
| Blacklisted as a Scam by: | CONSOB |
| Owned by: | Promarketing Ltd |
| Headquarters Country: | South Africa / Commonwealth of Dominica |
| Foundation year: | 2021 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | $250 |
| Cryptocurrencies: | Available |
| Types of Assets: | Forex, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage: | 1:500 |
| Free Demo Account: | Available |
| Accepts US clients: | No |
Is Green Capitalz a Licensed Broker?
Green Capitalz claims to be owned by Marnic Consultants (PTY) LTD, registered and regulated in South Africa. However, there’s a minor issue. The firm is regulated as an insurance service provider and has nothing to do with the Green Capitalz broker.
Thus, we’re left with an offshore entity owned by Promarketing Ltd, registered in the Commonwealth of Dominica. This one is not in any commercial register, meaning you’re dealing with an unregulated trading firm.
How Unsafe Is An Unlicensed Broker?
Unlicensed brokers bring lots of risks. For instance, most of them don’t have negative balance protection. None of them have compensation funds. Getting your money back from an unregulated trading firm can be quite a hassle since no regulator would help you and penalize the broker for illicit activities.
Is Green Capitalz a Legit Broker or a Scam?
Green Capitalz is not a legitimate brokerage. While claiming to be a part of Marnic Consultants (PTY) LTD and FSCA regulated, this firm is nothing but a bogus offshore broker.
Green Capitalz Warning From Italy’s Financial Regulator CONSOB
Green Capitalz trading scam was exposed by the Italian regulator. According to the CONSOB warning, this brokerage provides unsupervised trading services, which is why it was added to the list of fraudulent domains. CONSOB’s advice for traders is to avoid dealing with this scheme firm.
Traders’ Experience With Green Capitalz
Instead of us talking, here’s the trader’s experience in one review.
“SCAM!!! SCAM!!
Please do not trust this platform
I invested £2500 and once my account reached almost £7000 I tried to make a withdrawal. Never been able to.”
– Trustpilot Customer
What Platforms Does Green Capitalz Offer? – Available Trade Software
When it comes to trading platforms, Green Capitalz is quite a surprise. The brokerage offers a proprietary WebTrader with a large number of charts and indicators. While we wouldn’t expect it from an offshore brokerage, here it is.
Note that proprietary platforms carry their own risks. The broker can access your funds and trades and change them accordingly to look like you made more or less than you actually did. That’s why we always recommend a trading firm offering MT4 or MT5.
Green Capitalz Accounts Overview
You can choose one of the following account types:
- Student – $250
- Standard – $5,000
- Investor – $10,000
- VIP – 50,000
- VIP Platinum – $100,000
Besides the list itself, there are no pros and cons to any of the accounts. Other than the minimum deposit, we cannot say anything.
Green Capitalz Broker – Countries Of Service
According to reviews and our research, the firm mainly operates in:
- Italy
- Netherlands
- Switzerland
- Ireland
- Belgium
Please remember the names of the CryptoGo365, Crypto Lloyds, and GreenlinePro and stay away from them! Before investing, always check the history of online trading organizations!
Green Capitalz Range of Trading Instruments & Markets
Green Capitalz offers to trade in:
- Currency pairs – EUR/USD, GBP/USD, AUD/CAD
- Commodities – gold, silver, oil
- Indices – Dow Jones, NASDAQ, FTSE100
- Shares – Amazon, Google, Tesla
- Cryptocurrencies – BTC, ETH, XRP
What Trading Terms Green Capitalz Provide?
Since the firm is not actually licensed, it can determine its own trading conditions. Thus, we have unregulated leverage and unknown spreads.
Minimum Investment Amount
The initial deposit with Green Capitalz broker is quite standard – $250. However, this firm has several issues that should dissuade you from investing, including a lack of license and false information about the company owner.
About Leverage
FSCA is one of the regulatory bodies allowing leverage up to 1:30. Since Green Capitalz provides up to 1:500, it’s pretty clear we’re dealing with a shady scheme.
Green Capitalz Fees, Payment, and Withdrawal Methods
The company allows deposits and withdrawals using 3 different payment methods, including:
- Bitcoin
- Wire transfer
- Debit/credit card
Credit card transactions are processed through a third-party merchant called Financ3. Since we’ve never heard of it, it’s an indicator that your funds are not safe. The minimum deposit is $250, while the minimum withdrawal amount is not specified.
Scammed by Green Capitalz Broker? – Let Us Hear Your Story
If you were scammed by Green Capitalz or a similar bogus trading firm, let us know. Our chargeback specialists may be able to help you recover stolen funds.
But What Is A Chargeback?
It’s a way for your bank to recover the money directly from the merchant if you can prove that you have been defrauded. Contact us via online chat to book a free consultation, and let’s start the process immediately.