Green Line Review: a Deceitful Broker

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Green Line Review: a Deceitful Broker

Green Line is a company trading CFDs, forex, and cryptos. The broker assures clients it does not charge commission. Sounds like a fantastic deal? Before you invest with any broker, it is important to run a thorough background check on the company. We did that for you. Unfortunately, there are some factors we do not consider the platform reliable. 

Green Line Review, Green Line Company

The firm accepts both novice and seasonal traders. They claim to have the best trading tools. The company’s main objective is to make the trading process easy. Sadly, the company lacks transparency. If they are as good as they claim, then the scheme would not shy away from providing its performance report. 

Green Line’s main focus is to help clients trade successfully. Their team is dedicated to improving the trading skills of consumers. Sadly, the suspicious venture thrives in being anonymous. The broker fails to disclose the people behind its operation. A company needs to credit its team. 

Being discrete sends an awful picture. Moreover, if anything goes south, it is impossible to get hold of the company. The platform also provides inadequate data regarding its business. They lack all the qualifications of a genuine and reliable broker. Review

Green Line states it has more than 100 trading instruments. Investing in multiple products helps diversify the risk. However, there is no guarantee that the broker offers all the mentioned assets. We do not see any security measures taken by the platform. 

Usually, legitimate investment schemes will work with reputable financial institutions to keep traders’ funds safe. The company segregates its accounts from traders’ accounts. It ensures the broker does not misuse clients’ funds for unintended purposes. 

Green Line might require clients to submit their personal data to verify the account. You will be giving them access to your ID and proof of address. Do not forget these are criminals, and such critical information is not safe in their hands.

We recommend you invest with the best forex companies that have a license from reputable financial bodies. Their trading performance is also visible to the public. The brokers operate in full transparency.

Trading Conditions of Green Line

Green Line provides a web trader interface. The platform lacks superior features. The venture is accepting a minimum capital of 250 EUR. The entity grants investors 1:200 leverage and can go as high as 1:600. The limit is above what the FCA approves. The financial body only allows brokers to provide a leverage cap of 1:30. 

Other trading conditions are not available. The unprofessionalism of the scheme should not be taken lightly. This is the kind of scheme that will be asking for hidden fees. Offshore platforms leave out critical data for them to manipulate data. Withdrawal and Deposits 

Green Line is accepting funds via Visa, MasterCard, and Bitcoin. However, customers can only fund their accounts via wire transfer or digital currencies. These two methods are futile. Once you make a deposit, you cannot issue a chargeback. Therefore, the scheme can do whatever it pleases with your cash. Review, Features

The broker charges a fee of 1% for every trade you place. An account maintenance charge of $75 is to be paid quarterly. The company entices investors with alluring bonuses. Before accepting such deals, it is wise to visit the terms and conditions to see what you will be signing up for. 

Regulatory bodies do not allow companies to offer bonuses. This is because the funds legally belong to the company. Green Line requires traders to reach a turnover of 25 times the bonus they accept plus their deposited amount. It is impossible to reach the condition. The platform is only trying to limit clients from withdrawing their cash. 

Customer Support and Contact Details

Green Line states it has a responsive customer support team. They operate 24/5 and speak multiple languages. They are ready to serve clients if they face any challenges. The venture purports it is operating in the United Kingdom. However, the firm fails to provide its actual office address despite the country being enormous. 

Clients can reach the support via mail or phone call. You need to understand that scammers use VoIP phone numbers. They deactivate them once they are done stealing from innocent traders. Additionally, the fraudsters can also blacklist you whenever they please. 

A reliable investment scheme that understands the importance of quality customer support will provide authentic communication channels. Their team will also handle your query professionally. 

Regulatory Status of Green Line

Since Green Line expects investors to believe it is operating in the United Kingdom, it should be in the Financial Conduct Authority (FCA) database. FCA is the country’s financial watchdog and has strict rules for investment schemes. Their main objective is to protect traders from dealing with con artists. 

A broker must deposit capital of 730K EUR. The money is proof the platform can withstand the volatility of the market. Furthermore, it shows a firm can sustain its business without misusing investors’ funds. Not many companies can afford the capital requirement of financial watchdogs. Therefore, many entities choose offshore regions as they do not have laws. 

Green Line is also not reporting its daily transactional reports. The regulatory agencies keep watch on the trading activities of the licensed platforms. It contributes to transparency. Licensed companies protect traders against negative balance. You cannot lose more money than what you initially deposited.

Offshore platforms end up closing down their business unceremoniously. Traders are left counting their losses. The fund recovery process is impossible. Green Line fails to disclose the people behind its operation. It is no mistake. If the authorities identify the fraudsters behind the venture, they will be behind bars. 

The risks of dealing with anonymous platforms are many to ignore. The number of traders losing funds to scammers continues to surge. Stock to the legitimate companies and enjoy ideal conditions.

Clients’ Reviews of

Green Line has some positive reviews on its website. New investors claim they have earned them better returns. The novice investors got all the help from the experts. They claim to have made a profit of 4% within a week. 

There is no profile picture or link to social media accounts. Therefore, we cannot guarantee the company is indeed paying out traders. For all we know, the broker may have left the endorsement.

Moreover, we urge traders to look for customer testimonials on third-party websites. It is hard for the company to manipulate the information left on such platforms. You need to be watchful of fake testimonials as scammers tend to use such murky marketing strategies. 

Final Verdict 

Green Line is not a genuine or great investment scheme. The company is not licensed, and its geographical location is not revealed. The trading conditions are also not ideal. If you go through the terms and conditions, you will realize the broker is an exploitive venture. 

Invest with forex trading companies that have trading history. The safety of your money should be your main priority. Moreover, the best regulated platforms in the market will provide you with excellent trading conditions. The withdrawal process is swift and the fees are reasonable. 

Are the trading conditions of Green Line favorable?

No, the scheme exposes traders to severe risks.

Does Green Line have a license?

Unfortunately, this is an illegal scheme

Can Investor earn the advertised returns?

The only thing you can get from Green Line is huge losses.


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