TheGreenFX Review: Forex Scam

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TheGreenFX Review: Forex Scam

TheGreenFX is another askew CFDs and Forex scam to hit the lucrative trading world. The Green FX is purporting to offer fast, responsive, and secure trading services to anyone who signs up. With promise of having nice spreads and interbank execution, users are signing up without a second thought. The problem with TheGreen FX is use of fake clams and promises. Read this genuine THEGREENFX Review for more details.

TheGreenFX Review

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TheGreenFX Review

After receiving numerous email complaints from members of this platform, we decided to investigate. Trouble started brewing when some of the members noticed they could not withdraw funds. After weeks of trying to contact the broker, their accounts were suddenly closed without any reason given. With such a horrific experience, we must share with investors to avoid increasing the number of victims. We have come up with valid reasons as to why TheGreenFX is a scam.

Thanks to our years of trading experience, we know how to spot a scam from a mile away. These are clear scam artists who want to steal funds from anyone who signs up.  By creating a cloned website, it makes newbie investors fall for their illicit platform. Make sure to stay away from this platform and never sign up with their affiliate programs. With empty claims and promises involved, no user has come out with evidence of making profits. As it turns out, TheGreenFX is another lousy Forex scam.

About TheGreenFX

According to the disclaimer at the footer of their homepage, Green Trade Holding Limited owns this website. The disclaimer also reads that the company is based in the Marshall Islands. What this means is that we are dealing with an offshore based platform. Offshore brokers are notorious for flaunting industry rules and regulations. Make sure to stay away from this platform or else lose your entire savings. With your credit card details with them, these scam artists will swipe your account clean.

Another shocking feature with this platform is anonymity. The platform is completely anonymous with no details as to who the actual founding members are. No one knows the names of the brokers who claim to be associated with this platform. Members claim that they get calls from different agents asking them to deposit funds. No broker calls a member twice which is rather suspicious. Anyone involved with such kind of online investment platform should be wary of con artists.

Is TheGreenFX licensed or registered?

Disclaimer at the footer of the homepage shows MH 96960 as their registration number. You should note that this is what most offshore brokers use as their number. With their registration number associated with offshore scam platforms, TheGreenFX is certainly not licensed. Make sure to use approved and credible online investment platforms at all times. Use official regulatory websites to confirm whether as platform is licensed or not.

Some of the regulatory bodies we contacted include ASIC, CONSOB, CySEC, FCA, and NFA. None of these regulatory bodies has ever heard or The Green FX. With this as proof, investors should now know the platform is a quack. And this is probably the reason why they have not posted copies of their license certificates. Make sure you demand to see a copy of a license certificate before committing to a trading platform.

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Advantages of TheGreenFX

We could not find any advantage of trading with this illicit and unlawful online investment platform. With complaints from members increasing by the day, this is surely a scam. Make sure to stay away from this platform or else face the consequence. The problem with this platform is that they never allow members to withdraw funds. A platform without a proper trading license is a risky affair. Make sure to block all contact from their call agents or affiliate programs on social media platforms.

Disadvantages of TheGreenFX

Account Types

TheGreenFX Account Types

TheGreenFX is furnishing users with four different account types to choose from. These accounts are listed as STP, ECN, VIP, and Swap-Free. And this is where we have a huge problem with this platform. Members claim to have been asked to deposit a huge amount so that they can get a huge profit margin. Legit trading platforms use $250 as the minimum required trading deposit.

Customer Support

Another huge problem with TheGreenFX is lack of a clear customer support team. With today’s level of technology, you would expect the platform to have a working live chat team. Instead, they prefer emails and phone calls. The problem with emails is that response may not be on time. Phone numbers listed on the contact page are busy and no one seems to pick the calls.

Deposit and Withdrawal

When it comes to deposit and withdrawal, this is where the problems lay. Depositing funds with this platform is by MasterCard or Visa. These are depository channels which are available in any corner of the world. A huge problem with this platform still remains lack of withdrawals. No member has come out with evidence of ever withdrawing funds with this platform. What looks like a genuine platform from a far is nothing but a shoddy platform. Make sure to stay away from it.

Fake claims

With a claim of having an average of 1900 users online, the platform should be famous by now. Other fake claims posted on the platform include having over 4200 multi account users and 28,600 satisfied clients. Why has any of the over 28,000 satisfied clients not posted even a single positive review of this platform. Looking at various platforms, no positive comment is associated with Thegreenfx.

Are funds safe with TheGreenFX?

After checking the number of complaints from members, funds are never safe with this platform. Segregation of accounts is a huge problem which means The Green FX is pooling funds in one account. These are some of the reasons why unlicensed platforms steal funds for a long time without being noticed. Investors are possibly depositing funds straight to owner’s bank account.

Is TheGreenFX a scam?

TheGreenFX Deposit and withdrawal/ Account Funding

Evidence is clear; TheGreenFX is a scam which must be exposed by all relevant parties. From having to trading license to complaints from users, this is surely a scam. Make sure to mark their emails as spam and never click on any links sent by their email marketing team. You should warn your family and friends from joining any of their affiliate programs. Stay away from this platform or else face the risk of becoming their next victim.

Bottom line

We will be adding this platform to our scam blacklist to ensure our readers are kept safe.

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