GREENFIELDS Company

Greenfields Company: An In-Depth Overview

Company Overview

Founding Date and Background

Greenfields Company, specifically known as Greenfields Capital, was established in 2017. It emerged as a foreign exchange (Forex) broker in the competitive trading landscape, primarily focusing on providing access to various financial instruments for retail traders.

Parent Company/Ownership Structure

Greenfields Capital is owned and operated by Kin Teka OU. The ownership structure has been a point of scrutiny due to the companys lack of regulation and its previous association with a different entity, Premium Peak Ltd.

Headquarters Location

The company is headquartered in Tallinn, Estonia, specifically located at Ninth Joe Road, Fifth Floor, Office #71. This address has raised concerns among traders and regulators alike, as it is often indicative of virtual office spaces rather than a physical operational base.

Global Business Scope

Greenfields Capital operates primarily in the online trading sector, providing services to clients globally. However, it has been noted that the company does not accept U.S. traders, which limits its market reach.

Main Regulatory Bodies

Greenfields Capital is not regulated by any major financial authority, which is a significant red flag in the trading community. The Financial Conduct Authority (FCA) in the UK and the Estonian Financial Supervisory Authority (FI) have issued warnings about the broker, advising potential clients to exercise caution.

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Company History and Development

Key Milestones

Since its inception, Greenfields Capital has faced several challenges, particularly concerning its regulatory status. The company has undergone a name change from Premium Peak Ltd to Kin Teka OU, a move that coincided with regulatory warnings from the FCA and other authorities.

Business Expansion Journey

Greenfields Capital started by offering Forex trading services and has since expanded its offerings to include Contracts for Difference (CFDs) and cryptocurrency trading. The company claims to provide access to over 200 trading assets, including major and minor currency pairs, commodities, and digital currencies.

Customer Base Growth

Despite its regulatory issues, Greenfields Capital has reportedly attracted a customer base interested in trading various financial instruments. However, the exact number of active clients remains undisclosed, and many potential traders have been deterred by the lack of regulation.

Platform Development History

Greenfields Capital utilizes the Spot5 web-based trading platform, which is designed to be user-friendly for novice traders. The platform supports various trading options, including leverage settings, stop-loss orders, and take-profit levels.

Important Awards or Recognitions Received

As of now, Greenfields Capital has not received any notable awards or recognitions that would enhance its credibility within the trading community.

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Trading Services Offered

Forex Trading Options

Greenfields Capital offers a variety of Forex trading options, providing access to numerous currency pairs. While the exact number of pairs is not specified in available resources, it is indicated that both major and minor currency pairs are included in their offerings.

Stock Trading Options

The broker provides access to a selection of stocks through its CFD trading platform. However, the specific stocks available for trading have not been detailed, raising questions about the breadth of its stock trading services.

CFD Trading Products

Greenfields Capital specializes in CFD trading, allowing clients to trade on price movements without owning the underlying assets. This includes commodities like gold and silver, as well as various market indices.

Other Financial Instruments

In addition to Forex and CFDs, Greenfields Capital offers trading in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and Dash. This diversification aims to attract traders interested in the growing digital currency market.

Special Services or Unique Advantages

The broker offers "bonus cash" to new clients, although the terms for withdrawal are stringent. Traders must reach a trading volume of 30 times the bonus amount plus their deposit before they can withdraw any funds, which has raised concerns about the fairness of such practices.

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Regulatory and Legal Background

Detailed Regulatory Information

Greenfields Capital is not regulated by any recognized financial authority. The FCA in the UK and the Estonian Financial Supervisory Authority have both issued warnings against the broker, indicating that it operates without proper licensing.

Legal Entity Structure by Region

The legal entity structure of Greenfields Capital is primarily based in Estonia under Kin Teka OU. The lack of a robust regulatory framework raises concerns about the legal protection afforded to clients.

Client Fund Protection Measures

Due to its unregulated status, Greenfields Capital does not offer client fund protection measures typically found with regulated brokers, such as segregated accounts or government insurance for deposits.

Countries/Regions Served

Greenfields Capital serves a global clientele but does not accept clients from the United States. The broker's reach is primarily focused on regions where regulatory scrutiny may be less stringent.

Compliance History

The compliance history of Greenfields Capital is marred by warnings from regulatory bodies, which have raised alarms about its operations. The company's previous affiliations and name changes further complicate its compliance narrative.

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Competitive Landscape

3-5 Main Competitors

Greenfields Capital faces competition from various online brokers, including:

1. eToro - Known for social trading and a wide range of assets.
2. Plus500 - Offers a user-friendly platform with a focus on CFDs.
3. IG Group - A well-established broker with a comprehensive range of trading services.
4. OANDA - Renowned for its Forex trading capabilities and regulatory compliance.

Positioning in the Industry

Greenfields Capital positions itself as a broker catering to novice traders with its user-friendly platform and various trading options. However, its lack of regulation significantly hampers its reputation compared to its competitors.

Market Differentiation Factors

The primary differentiation factors for Greenfields Capital include its focus on cryptocurrency trading and the offering of bonus incentives for new clients. However, these advantages are overshadowed by the substantial risks associated with its unregulated status and stringent withdrawal conditions.

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Conclusion

Greenfields Company, particularly through its Greenfields Capital division, presents a complex picture for potential traders. While it offers a diverse range of trading options, the lack of regulation and numerous warnings from financial authorities raise significant concerns. Prospective clients should thoroughly research and consider these factors before engaging with the broker.

For those interested in exploring regulated trading options, it is advisable to consult lists of reputable brokers and conduct due diligence to ensure a safe trading experience.

Learn more about the importance of choosing a regulated broker.