Here’s another platform to watch out for, Greenlinepro. Over recent weeks, the platform has played the very members who signed up. No member has had the chance to withdraw funds from Green Line Pro. So we have to expose greenlinepro.com for failing to deliver on its promise of offering a genuine trading platform. Those who have engaged with the platform are ruing the decision. Learn more in our detailed GREENLINEPRO REVIEW.
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The platform claims to be a darling in the trading community on the about us page. However, with their dark-themed website, we don’t see it as such. The platform is completely fraudulent and throws off any investor who clings to it.
Greenlinepro seems to sell itself as the go-to platform for everything crypto and forex-related trading. The about us page claims the platform runs with the help of experienced traders. However, note that there are no names of the so-called experienced members.
We have a platform failing in its duty to protect investors from a ruthless trading platform. We must expose the store for failing to produce any form of investment. Once you deposit funds with the store, forget about withdrawal.
For the past eight weeks, no member has had the chance to withdraw funds from the platform. And that’s one of the reasons why we insist the platform is a scam. So please avoid it or else risk losing your funds.
From the word go, we can tell the people behind it are far from professional. No experienced trading professional would go for a dark-themed website. There’s also the issue of navigating through the platform, and it’s tiresome.
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The platform claims to offer over 100 trading instruments. But, investors don’t know that the platform is a classic dummy. Sure, you might trade and see your account balance rise, but you won’t get to withdraw.
It would be best to do due diligence before investing in such platforms as an investor. Make sure to check what other investors have experienced with the platform. You can also reach out and request a review from us, and we would be happy to oblige.
Greenlinepro offers one single account for all trading platforms. The platform seems to provide several trading commodities and instruments. One thing is clear, and there’s no mention of the available trading features.
Members go in not knowing the minimum acceptable leverage on the platform. And that gives the platform a chance to take advantage of naïve traders. For example, the platform will claim that the more you deposit, the higher your chances of winning.
This is a false narrative meant to encourage large deposits. There are legit trading platforms that even ask for $1 as the minimum deposit. We know the platform claims to block large withdrawals.
You realize no leverage and spreads are mentioned as you go over the website. This is because the platform fails to quote these critical aspects of trading. As a result, members go in without knowing the acceptable leverage.
And that means the platform could be asking for leverage above 1:100. For example, regulators in Europe have agreed on a maximum leverage of 1:100 on all trading assets. In the United States, retail traders enjoy maximum leverage of 1:50.
There’s also the issue of the platform failing to provide a demo account. With a demo account, members get to test the platform’s features. Unfortunately, there’s none, as the platform wants members to take their word for it.
The process of opening an account with the platform is another security risk. Although, at first, it appears easy, there’s more to it. Instead, you will have to fill in the details and open an account via email or phone.
After opening the account, you expect the platform to verify the account immediately. But unfortunately, that’s not the case as the platform waits for you to hit the withdrawal button. That’s when the account verification pops appears.
The platform knows that you would do anything to receive funds at this juncture. And that’s when the platform asks for crucial documents. The documents include a copy of your ID, bank statement, and credit card information.
We don’t see why the platform would ask for these valuable documents. The platform could as well use a two-factor authentication process. That’s what nearly every sane platform uses to verify accounts.
A security expert claims that such platforms are harvesting banking information from members. With your documents, it’s easy for them to create a new persona with the shared documents. So we have to flag down the platform as a high-risk trading platform.
The platform claims to offer five classes of trading instruments on the homepage. These include commodities, crypto, forex, indices, and stocks. In addition, you get to trade with commodities such as crude oil and natural gas.
When it comes to cryptocurrencies, there are several leading cryptos. These include Bitcoin, DOGE, Ethereum, Litecoin, and Ripple. The platform pairs these coins against each other and other major pairs.
Talking about pairs, the platform only offers major and minor pairs. These include currencies such as EUR, GBP, JPY, and USD. There are over 28 pairs on the platform. Sadly, there are no exotic pairs that members can use to spread risks.
You also get to trade in the world’s largest markets. These include DAX, Dow Jones, FTSE, NASDAQ, NIKKEI, and the S&P 500. So day traders have an exciting time trading in the major world markets.
Stock trading has been around for decades. It’s one of the most tradeable commodities in the industry. Some of the available stocks include shares from leading companies. These companies range in manufacturing, tech, and the textile industries.
We don’t have the person’s name or persons operating the platform. And that makes Greenlinepro an anonymous forex trading platform. There’s nothing risky as investing with an anonymous trading platform.
Those who invest with the platform have several issues to think about. These include the fact that recovering funds from such platforms is impossible. There’s no one to follow the funds as the owner probably stores them in an offshore account.
Those claiming to hire recovery agents end up losing more funds. Moreover, these agents don’t have the mandate to freeze bank accounts belonging to the owners. Therefore, we consider these agents as the final nail in your coffin.
Greenlinepro doesn’t comply with industry regulations. There’s no certificate or document to prove compliance. We even don’t have a business registration certificate for the platform. And that screams a lot in the forex world.
Without any legal framework to follow, the platform is free to operate as it wishes. Unfortunately, that includes setting harsh trading conditions. So please stay away from such platforms or risk losing your entire deposit.
There’s no support, and the platform takes days to respond via email. We see a platform desperately trying to control the communication lines. The platform will only make contact when wooing investors to deposit funds.
There’s no deposit of funds as the platform fails to segregate accounts.
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