• Minimum Deposit

    • 2000-5000
  • Leverage

    • 400:1
  • Regulation

    Full Breakdown Filters

    Full Breakdown

    Full Breakdown
    Minimum Deposit
    Leverage
    Platforms
    Currency Pairs
    Monthly Volume
    Execution Model
    Contract Sizes
    Spreads
    Languages
    Additional Filters

    Overview

    Comprehensive Greendax Broker Review

    Greendax broker overview

    Greendax is a Hong Kong-based online broker that trades in Crypto, Forex, Commodities, Indices, and Stocks. Greendax company is relatively new, having been founded in 2022. Greendax does not disclose much information about itself on its website, but what is available indicates that it is a professional operation.

    The broker offers a web-based trading platform and a mobile app. The platform is proprietary and designed for desktop computers and mobile devices. The Greendax platform has a simple and user-friendly interface. The broker offers multiple base currencies, including USD, EUR, GBP, and HKD.

    The minimum deposit required at Greendax to open an account is $2,500. The leverage range offered by the broker is up to 1:400. Greendax does not offer a demo account, but it does provide 24/5 customer support.

    Greendax is yet to receive its regulatory license from authorities, but they're operating with an offline license. Moreover, Greendax also offers crypto trading with ultimate ease.

    The deposit and withdrawal process at Greendax is smooth and convenient, with multiple options like credit/debit cards, bank wire transfers, and e-wallets. Moreover, when it comes to market updates, Greendax offers a dedicated news section on their website, which is regularly updated.

    Deposits and withdrawals are free at Greendax, which is a great advantage. Greendax is a new but reliable online broker with a good range of tradable assets, a user-friendly platform, and multiple base currencies. The overall sign-up process is simple and easy, making it an excellent choice for beginner traders. Once the quick KYC is done, you can start trading within minutes.

    Greendax safety details

    As mentioned earlier, Greendax is yet to be regulated by any financial authority, but they are in the process of acquiring an online license. However, Greendax is a reliable and safe broker with an offline license.

    Greendax has carefully implemented all the security measures to keep the client's information and funds safe. In addition, they have implemented SSL encryption, the industry-standard security protocol. The SSL implementation helps maintain the confidentiality of transmitted data between the client and the Greendax server.

    Moreover, Greendax has also segregated the client's fund, which means that your money is kept in a different account than the company's operational funds. As a result, it ensures that even if Greendax faces financial difficulties, your money will be safe, and you can withdraw it without any issues.

    Besides that, Greendax has also implemented KYC (Know Your Customer) and AML (Anti Money Laundering) policies to ensure that all the clients are legitimate and their funds are not involved in any illegal activities. In addition, the AML protocol at Greendax helps prevent and detect any suspicious or fraudulent activities.

    Greendax is a new but reliable online broker yet to be regulated by any financial authority. However, the broker has implemented all the necessary security measures to ensure your money is safe and secure.

    Greendax fees details

    Greendax does not charge anything for deposits and withdrawals, but you might have to pay the third-party charges like bank charges, etc. when using wire transfer for withdrawals. Also, there is no inactivity fee charged by Greendax.

    Greendax offers trading in Crypto, Forex, Commodities, Indices, and Stocks with leverage of up to 1:400. The spreads offered by Greendax are pretty competitive, and the exact spread details are not mentioned on their website. However, Greendax has mentioned that they provide variable spreads to its clients. Therefore, you can get in touch with their customer support to know the current spreads. Like any other broker, Greendax also earns from spreads, which is the difference between an asset's bid and ask price.

    The minimum deposit required at Greendax to open an account is $2,500, which is relatively high compared to other brokers in the industry. However, this amount can be quickly deposited via credit/debit card or bank wire transfer.

    Spreads fee information at Greendax

    In trading, a spread fee is something that a trader pays for every executed trade. It is the difference between a security or asset's bid and the asking price. The spread fee is generally expressed in pips. Greendax offers competitive spreads on major currency pairs like EUR/USD, GBP/USD, and USD/JPY. Moreover, the broker also offers tight spreads on exotic currency pairs and commodities.

    For example, if the market price of GBP/USD is 1.3050 and the asking price is 1.3051, then the spread will be one pip. However, the bid price is generally lower than the asking price, resulting in a loss for the trader.

    Swap fees information at Greendax

    Almost all brokers have swap fees, and Greendax is no different. Swap fees are simply the cost of holding a position overnight. These are charged as a percentage of the total value of the trade and vary depending on the instrument and the direction (long or short) of the position.

    Greendax has not mentioned the number of swap fees charged on their website, but they have stated that these fees will be competitive. You can contact Greendax directly to find out more about their swap fees.

    Deposit and withdrawal methods at Greendax

    Greendax brings a variety of deposit and withdrawal methods. You can choose from the available options of Credit/Debit Cards, Bank Wire Transfers, and e-Wallets. The process is quite simple and convenient. All you need to do is log in to your account, go to the 'Banking' page, select your method, and enter the amount you wish to deposit or withdraw. The funds will be credited/debited to/from your account within a few minutes.

    When it comes to withdrawal, the minimum withdrawal amount is not mentioned on the Greendax website. The withdrawals at Greendax are done instantly but depending on the bank; it takes around 3 to 5 days for the funds to get credited to your account. In addition, bank Wire Transfer is one of the most popular methods for withdrawing money from Greendax brokers.

    The overall deposit and withdrawal methods are pretty smooth and convenient. In addition, they've implemented a fast and easy KYC process which is quite helpful, especially for beginner traders. As Greendax is KYC and AML compliant, you must submit your documents for verification. The verification process at Greendax process is simple and easy, and it doesn't take more than a few minutes to get it done.

    Overall, Greendax brings a great variety of deposit and withdrawal methods which are pretty smooth and convenient. The overall sign-up process is simple and easy, making it an excellent choice for beginner traders. Once the quick KYC is done, you can start trading within minutes with Greendax.

    Tradable markets at Greendax

    Greendax is an emerging multi-asset broker that offers a good range of tradable instruments across different markets. They've over 1200+ assets covering stocks, forex, commodities, indices, and cryptocurrencies. You can trade all these assets on a single trading platform which is quite simple and user-friendly.

    The broker offers multiple base currencies, including USD, EUR, GBP, and HKD. It is an excellent advantage as it allows you to trade your currency without converting it first. In addition, the leverage range offered by Greendax is up to 1:400, which is relatively high.

    Regarding forex trading at Greendax, you can trade in over 50 currency pairs. The Greendax broker offers leverage of up to 1:400, which is high. You can trade all the major, minor, and exotic currency pairs at Greendax. Some popular currency pairs at Greendax are EUR/USD, GBP/USD, USD/JPY, and USD/CAD.

    The broker also offers a good range of trading commodities, including gold, silver, oil, and gas. You can trade all these commodities on the Greendax platform with leverage of up to 1:400. Commodity trading at Greendax is quite simple and easy.

    Greendax also offers trading in a good range of stocks, including major US, European, and Asian companies. You can trade all these stocks on the Greendax platform with leverage of up to 1:400. In addition, you have access to shares of companies like Apple, Facebook, Google, and Tesla at Greendax.

    The broker also offers trading in a good range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. You can trade all these cryptocurrencies on the Greendax platform with leverage of up to 1:400. Crypto trading at Greendax is quite simple and easy.

    Greendax also offers trading in a good range of indices, including major US, European, and Asian indices. You can trade all these indices on the Greendax platform with leverage of up to 1:400. Some popular indices at Greendax are S&P 500, Dow Jones, and NASDAQ.

    Leverage details at Greendax

    The leverage that Greendax offers is up to 1:400, which is a good range. It means that you can trade with a higher amount than what you have in your account. However, it is essential to remember that leverage is a powerful add-on that accelerates profit and loss.

    At Greendax, with a leverage of 1:400, if you have $200 in your account, it will allow you to trade with $80,000. If the price of the asset you bought increases by 1%, your investment will increase by $800. However, if the price falls by 1%, you will lose $800.

    Greendax trading platforms

    Greendax offers its proprietary web trader for desktop and mobile applications. The Greendax web trader is a simple and user-friendly platform designed for use with desktop computers and mobile devices. The platform has a range of features, including live market updates, price charts, and various order types. Moreover, Greendax also offers a dedicated desktop platform that you need to install before trading. Let's look at all trading platforms available at Greendax:

    Greendax desktop software

    The desktop software is a downloadable platform designed for use with Windows computers. The software has a range of features, including live market updates, price charts, and various order types. This dedicated desktop trading system is ideal for those who want to trade using a computer and need the highest level of trading and latency stability. You get all the features of the web trader but with the added stability that comes from using a dedicated desktop platform.

    Greendax web trader

    The Greendax web trader is a simple and user-friendly platform designed for use with desktop computers and mobile devices. The platform has a range of features, including live market updates, price charts, and various order types. You get access to all the platform's advanced features without having to download and install any software. The best part about the Greendax web trading platform is that it is available on the go, making it highly convenient for traders.

    Greendax mobile trading app

    The Greendax mobile trading app is available for Android and iOS devices. The app has a simple and user-friendly interface that is designed for use with mobile devices. The app offers a wide range of advanced features like technical analysis, live market updates, price charts, and various order types. In addition, you can access the app on the go, making it highly convenient for traders. On this note, let's look at some of the cutting-edge features of the Greendax trading platform:

    Excellent charting tools

    Greendax offers a wide range of charting tools that you can use to analyze the markets. The charts are interactive, and you can use a variety of technical indicators to make your analysis.

    Low latency

    Greendax has a low latency trading infrastructure that ensures you get the best possible execution speed. Greendax has mentioned on their website that the average order execution takes around 0.20 seconds which is excellent for day traders. Moreover, low latency at Greendax also helps with superior risk management for all the traders.

    1200+ assets

    Greendax offers a wide range of tradable assets, including crypto, forex, commodities, indices, and stocks. You can trade all these assets on the Greendax trading platform.

    Available accounts on Greendax

    Greendax offers six trading accounts to meet the requirements of different traders:

    Beginner

    The minimum deposit for this Greendax account is $2,500, offering basic access to market instruments with a leverage of up to 1:400. Moreover, the Beginner account at Greendax offers features like one-click trading, access to mobile trading, and analytical materials. This Greendax account is ideal for beginner traders.

    Standard

    The Standard account on Greendax requires a minimum deposit of $5,000 and offers 24/5 customer support. This account also gives access to mobile trading, analytical materials, daily analysis, and one-click trading. The leverage for the Standard account is up to 1:400. Moreover, with a Greendax Standard account, you can open a swap-free/Islamic account.

    Intermediate

    The Intermediate account at Greendax requires a minimum deposit of $25,000, and it offers all the Standard account features. In addition, the Intermediate account gives access to market coverage with a leverage of up to 1:400. Therefore, this Greendax account is best suited for intermediate-level traders. Moreover, you can open an Islamic account with Greendax Intermediate, and you have access to exclusive market coverage.

    Advanced:

    The Advanced account is among the most exclusive accounts offered by Greendax, with a minimum deposit of $50,000. This account gives access to all the features of the Standard and Intermediate accounts. In addition, the Advanced account offers special market coverage and a personal account manager. The leverage for this Greendax account is up to 1:400, which makes it ideal for advanced-level traders.

    Integral

    The Integral account at Greendax is the most exclusive account offered by the broker, with a minimum deposit of $100,000. This account gives access to all the features of the Standard, Intermediate, and Advanced accounts. In addition, the Integral account offers complete access to market instruments and a dedicated personal account manager. The leverage for this Greendax account is up to 1:400, making it ideal for professional traders.

    VIP

    The VIP account at Greendax is the most exclusive account offered by the broker, with a minimum deposit of $250,000. This account gives access to all the features of the Standard, Intermediate, Advanced, and Integral accounts. In addition, the VIP account offers full access to market instruments, desktop/web terminal, mobile trading, analytical materials, one-click trading, swap-free/Islamic account, daily analysis, special market coverage, trading strategies allowed, and a VIP personal manager. The leverage for this Greendax account is up to 1:400, which makes it ideal for high-volume traders.

    How to open your account with a Greendax broker

    Follow the steps below to open your account with a Greendax broker:

    ● Go to the Greendax website and click on the "Open an Account" button.

    ● Fill in the online Greendax form with your details and click on the "Submit" button.

    ● Once your Greendax account has been approved, you can log in to the platform and start trading.

    Greendax customer support information

    Greendax offers quick 24/5 customer support through phone and email in English. Below are the Greendax support team contact details:

    Phone: +18008316765

    Email: info@greendax.com

    Research tools available at Greendax

    Greendax offers a good range of research tools and resources, which is impressive for a new broker. The research tools are available to traders of all levels of accounts. Some of the critical tools at Greendax are:

    Economic calendar

    The economic calendar at Greendax is an excellent tool for traders to stay up-to-date with the latest economic events. This tool helps traders to make informed decisions about their trading strategy. In addition, the economic calendar comes in handy to predict market trends.

    Derivatives expirations

    This tool is designed to help traders keep track of the expiration dates of their derivatives contracts. It is a valuable tool for managing risk and making informed decisions about when to close out a position.

    Trading hours

    The trading hours tool at Greendax is an excellent way for traders to stay informed about the market hours of the various asset classes traded on the platform. This tool is helpful for planning trading strategies and ensuring that trades are executed during optimal times.

    Educational material at Greendax

    Greendax has emphasized providing excellent educational content for their traders. They have a comprehensive news section that is constantly updated with the latest market news. In addition, they also offer an economic calendar, analysis & reports, and a trading academy.

    You can also access Greendax resources that teach you about fundamental trading frameworks, risk management, and technical analysis. The courses are designed for all levels of traders, from beginners to experts. Overall, the Greendax educational material is impressive and an excellent resource for both beginner and experienced traders.

    Greendax in a nutshell

    Greendax is a new online broker with a good range of tradable assets, a user-friendly platform, and multiple base currencies. In addition, the sign-up process is simple and easy, making it a perfect choice for those new to online trading. However, you need to know that Greendax is yet to receive its regulatory license from authorities, but they're operating with an offline license.

    FAQs:

    What is the minimum deposit at Greendax?

    The minimum deposit at Greendax is $2,500 for the Beginner account.

    What is the leverage offered by Greendax?

    The leverage offered by Greendax is 1:400, which is on the higher side compared to other brokers.

    Does Greendax have a demo account?

    No, Greendax does not provide a demo account.

    Is Greendax a regulated company?

    Greendax is not a regulated company but operates with an offline license.

    What are the deposit methods at Greendax?

    The deposit methods at Greendax include credit/debit cards, bank wire transfers, and e-wallets like Skrill and Neteller.

    What are the withdrawal methods available at Greendax?

    The withdrawal methods available at Greendax include credit/debit cards, bank wire transfers, and e-wallets like Skrill.

    How do I open an account with Greendax?

    The sign-up process at Greendax is quick and straightforward. You just need to fill in details like name, email address, and phone number. Once the Greendax KYC is done, you can start trading within minutes.

    Does Greendax support MT4 & MT5?

    No, Greendax does not support MT4 or MT5.

    What are the spreads at Greendax support?

    The spreads at Greendax are variable and change with market conditions.

    What is the minimum trade size at Greendax?

    The minimum trade size at Greendax is 0.01 lots.

    How to contact greendax customer support?

    The customer support at Greendax can be contacted via phone or email.

    Does Greendax offer educational content?

    Greendax has a comprehensive news section regularly updated with the latest market news and insights.

    Can US residents open accounts at Greendax?

    No, US residents cannot open accounts at Greendax.

    How can I change my password at Greendax?

    You can change your password at Greendax by logging into your account and going to the 'Profile' section.

    What account types does Greendax offer?

    Greendax offers six accounts — Beginner, Standard, Intermediate, Advanced, Integral, and VIP.

    Full Breakdown Filters

    Full Breakdown

    Full Breakdown
    Minimum Deposit
    Leverage
    Platforms
    Currency Pairs
    Monthly Volume
    Execution Model
    Contract Sizes
    Spreads
    Languages
    Additional Filters

    Contact Greendax directly

    Contact us directly for further inquiries about our products and services.

    Name
    Email
    Phone
    Write your request
    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.