English

Green Candle foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.greencandlefx.com, about the company's legal and temporary regulatory information, the company's address 71-75 Shelton Street, London Greater London, United Kingdom WC2H 9JQ.

Green Candle Forex Broker

Basic Information

Registered Region

Saint Vincent and the Grenadines

Operating Period

Company Name

Green Candle Markets Limited

Abbreviation

Green Candle

Company employee

Customer Service Email Address

gesupport@greencandlefx.com

Company Website

http://www.greencandlefx.com

Company address

71-75 Shelton Street, London Greater London, United Kingdom WC2H 9JQ

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Broker NameGreen Candle Registered CountrySaint Vincent and the Grenadines Company NameGreen Candle RegulationNone (operates without valid regulatory oversight) Minimum Deposit$500 (Classic Account), $3,000 (Standard Account), $10,000 (Advanced Account) Maximum Leverage1:400 Spreads or FeesMinimum spread of 1 (Advanced), 1.5 (Standard), 2 (Classic) Account TypesAdvanced, Classic, Standard Customer Supportsupport@greencandle.com, gesupport@greencandlefx.com Website Down or NotWebsite is down ReputationSuspected scam (due to lack of regulation and website issues) Office Address71-75 Shelton Street, London, Greater London, United Kingdom, WC2H 9JQOverview Green Candle is a broker based in the United Kingdom, offering high leverage of up to 1:400 and various account types, including Advanced, Classic, and Standard accounts. The broker requires a minimum deposit ranging from $500 to $10,000 depending on the account type. Despite offering competitive spreads and support for automated trading through Expert Advisors, Green Candle operates without valid regulatory oversight.Regulation Green Candle operates without valid regulatory oversight as a broker. This lack of regulation raises concerns about the safety and legitimacy of their trading practices.Pros and Cons Green Candle offers some attractive features such as high leverage, various account types with competitive spreads, and responsive customer support. However, the absence of valid regulatory oversight, and the current inaccessibility of its website are significant drawbacks. Potential investors should weigh these pros and cons carefully before engaging with this broker. ProsCons High leverage of up to 1:400 Operates without valid regulatory oversight Multiple account types catering to different needs Website is currently down, raising suspicions Competitive spreads across all account types Limited information on additional depositing and withdrawal methods Support for Expert Advisors (EAs) Lack of transparency regarding commissions Responsive customer support via emailAccount Types Advanced Account: The Advanced Account offers a maximum leverage of 1:400 and requires a minimum deposit of $10,000. This account type provides a minimum spread of 1, making it suitable for traders looking for tighter spreads and higher initial investments. It supports trading with a minimum position size of 0.01 and allows the use of Expert Advisors (EAs), offering flexibility for automated trading strategies. Classic Account: The Classic Account is designed for traders seeking a balance between lower initial investment and trading conditions. It offers a maximum leverage of 1:400 with a minimum deposit requirement of $500. The minimum spread for this account is 2, which is slightly higher than the Advanced Account. Similar to other accounts, it supports a minimum position size of 0.01 and the use of Expert Advisors (EAs) for automated trading. Standard Account: The Standard Account is positioned between the Advanced and Classic accounts in terms of initial investment and trading conditions. It provides a maximum leverage of 1:400 and requires a minimum deposit of $3,000. The minimum spread for this account is 1.5, offering a compromise between the tighter spreads of the Advanced Account and the higher spreads of the Classic Account. It also supports trading with a minimum position size of 0.01 and allows the use of Expert Advisors (EAs) for automated trading strategies. FeatureAdvanced AccountClassic AccountStandard Account Maximum Leverage1:4001:4001:400 Minimum Deposit$10,000$500$3,000 Minimum Spread121.5 Minimum Position0.010.010.01 Supported EAYesYesYesLeverage The broker offers a maximum trading leverage of up to 1:400. This high leverage ratio allows traders to control a larger position with a relatively small amount of capital. For instance, with a leverage of 1:400, a trader can control $400,000 in the market with just $1,000 of their own funds. This leverage option is available across all account types offered by the broker, including the Advanced, Classic, and Standard accounts. High leverage can amplify both potential profits and potential losses, making it a critical feature for traders to manage carefully.Spreads and Commissions The broker offers varying spreads and commission structures depending on the type of trading account chosen. For the Advanced Account, traders benefit from the tightest spreads with a minimum spread of 1. This account type does not explicitly mention any additional commissions, making it potentially cost-effective for those trading in higher volumes and looking for tighter spreads. The Classic Account provides a minimum spread of 2, which is higher compared to the Advanced Account. This account is designed for traders who prefer a lower initial deposit requirement while still maintaining competitive spreads. Similar to the Advanced Account, there is no specific mention of additional commissions, suggesting that the cost of trading is primarily included in the spread. The Standard Account offers a balance between the other two account types with a minimum spread of 1.5. This account requires a moderate initial deposit and aims to provide a compromise between the tight spreads of the Advanced Account and the lower deposit requirement of the Classic Account. Like the other accounts, there is no mention of additional commissions, implying that the trading costs are embedded within the spreads.Customer Support The company provides robust customer support through multiple channels to assist clients with their trading needs. Customers can reach out via email at support@greencandle.com or gesupport@greencandlefx.com for any inquiries or issues. The company's office is located at 71-75 Shelton Street, London, Greater London, United Kingdom, WC2H 9JQ. Although there are no current listings for LinkedIn, WhatsApp, QQ, or WeChat support, the email addresses provided ensure that clients have direct access to assistance from the company's support team.Conclusion Overall, Green Candle operates without valid regulatory oversight. While it offers various account types with attractive leverage and spread options, the lack of regulatory backing and the current unavailability of its website are significant red flags. Potential investors should proceed with caution.FAQs What is the maximum leverage offered by Green Candle？ The maximum leverage offered is 1:400. What is the minimum deposit required for the Advanced Account？ The minimum deposit required for the Advanced Account is $10,000. Are there any additional commissions on the Advanced Account？ No, there are no explicitly mentioned additional commissions for the Advanced Account. How can I contact Green Candle's customer support？ You can contact customer support via email at support@greencandle.com or gesupport@greencandlefx.com.Risk Warning Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

Green Candle broker review

Is Green Candle safe or scam

Rating Index

Advanced Account

Minimum Deposit

$10,000

Classic Account

Minimum Deposit

$500

How to login to Green Candle?

Green Candle Complete Account Guide: Registration, Account Opening, and Login Processes This comprehensive guide will walk you through the essential steps for registering, opening an account, and logging into the Green Candle platform. Whether you are a novice trader or an experienced investor, unde

Green Candle Forex Broker - Complete Information Guide

1. Broker Overview

　　Green Candle Brokers, officially known as Green Candle Markets Limited, was established in 2022. The company is headquartered at 71 - 75 Shelton Street, London, Greater London, United Kingdom. As a relatively new player in the forex brokerage industry, Green Candle operates as a private entity, providing various trading services to clients globally. The broker primarily targets retail traders, offering access to a range of financial instruments, including forex, commodities, and indices.

　　Despite its recent inception, Green Candle has made strides in establishing its presence in the trading market. However, the company has faced challenges regarding its regulatory status, which has implications for its operations and client trust. Green Candle's business model focuses on retail forex trading, providing clients with access to different trading platforms and financial products.

　　As a green candle broker, the firm aims to provide a user-friendly trading environment, although it has not yet achieved significant recognition within the industry. The lack of a robust regulatory framework raises concerns about its credibility and safety for potential clients. Nevertheless, the company continues to develop its services and expand its offerings to meet the needs of its customer base.

2. Regulatory and Compliance Information

　　Green Candle Brokers currently operates unregulated, which poses potential risks for its clients. The absence of oversight from recognized regulatory bodies means that the company does not adhere to established standards for protecting customer funds or ensuring fair trading practices.

　　As of now, Green Candle does not list any affiliations with major regulatory authorities, nor does it provide specific regulatory license numbers. This lack of regulation is a significant concern for potential investors, as it may expose them to higher risks in terms of fraud or mismanagement of funds.

　　Furthermore, the company does not appear to participate in any investor compensation schemes, which would typically provide a safety net for clients in the event of broker insolvency. The absence of such protections can deter potential clients who prioritize security and regulatory compliance when choosing a broker.

　　In terms of compliance measures, Green Candle has not publicly detailed its Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. These measures are crucial for preventing illicit activities and ensuring that the broker maintains a transparent relationship with its clients. The lack of information on these policies raises questions about the broker's commitment to maintaining a secure trading environment.

3. Trading Products and Services

　　Green Candle Brokers offers a variety of trading products, primarily focusing on forex trading. The broker provides access to a selection of currency pairs, but specific details about the number of pairs available are not disclosed. Clients can expect to trade major, minor, and exotic currency pairs, catering to diverse trading strategies.

　　In addition to forex, Green Candle offers Contract for Difference (CFD) products across various categories, including indices, commodities, and cryptocurrencies. The inclusion of these asset classes allows traders to diversify their portfolios and engage in different markets.

　　The company continually updates its product offerings, although specific frequencies or details about newly added instruments are not readily available. This commitment to expanding its product range is crucial for attracting and retaining clients in a competitive market.

　　Green Candle primarily focuses on retail trading services, providing individual traders with the tools and resources necessary to participate in the financial markets. While there is no mention of institutional services or white-label solutions, the broker aims to create a user-friendly environment for its retail clients.

4. Trading Platforms and Technology

　　Green Candle Brokers does not support the widely recognized MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which are popular among traders for their comprehensive features and user-friendly interfaces. Instead, the broker appears to offer a proprietary trading platform, although specific details about its functionality and features are limited.

　　The broker does provide a web-based trading platform, allowing clients to access their accounts and trade directly through their browsers. This flexibility is advantageous for traders who prefer not to download software. Additionally, Green Candle offers a mobile application compatible with both iOS and Android, enabling clients to trade on the go.

　　Regarding execution models, Green Candle's trading platform is designed to provide efficient trade execution, although specific details about whether it operates on an ECN, STP, or Market Making model are not disclosed. The lack of clarity on execution methods may raise questions about the broker's transparency and reliability.

　　The broker's server infrastructure and technical capabilities are not explicitly outlined, making it difficult to assess the overall performance and reliability of its trading environment. Furthermore, there is no mention of API access or support for automated trading, which are essential features for many traders today.

5. Account Types and Trading Conditions

　　Green Candle Brokers offers several account types to cater to different trading preferences and levels of experience. However, specific details regarding the standard account conditions are not provided, including minimum deposit amounts, spreads, and commissions.

　　The broker does not clearly specify any advanced account types such as VIP or professional accounts, nor does it mention any special account options like Islamic accounts or corporate accounts. This lack of information may limit the appeal of the broker to certain trader demographics.

　　Green Candle does provide a demo account option, allowing potential clients to practice trading without risking real funds. This feature is essential for novice traders looking to familiarize themselves with the trading platform and market dynamics.

　　The broker offers varying leverage ratios, with a maximum leverage of 1:400 available for different products. However, details on the minimum trading lot sizes are not disclosed, which could impact traders' ability to execute trades according to their strategies.

　　Regarding overnight fees and policies, specific information is not provided, leaving traders uncertain about potential costs associated with holding positions overnight.

6. Fund Management

　　Green Candle Brokers supports a range of deposit methods, including traditional options such as bank transfers, credit cards, and various e-wallets. However, the specific methods available are not detailed in the information provided.

　　The broker sets different minimum deposit requirements based on the account type, but these amounts are not specified. This lack of clarity may deter potential clients who are looking for straightforward information on account setup.

　　When it comes to deposit processing times, Green Candle has not provided specific details, which may lead to uncertainty for clients about how quickly they can fund their accounts. Additionally, there is no information available regarding any deposit fees that may apply.

　　For withdrawal methods, the broker does not specify the options available or any associated limitations. The withdrawal processing times are also not disclosed, which could hinder clients' ability to manage their funds effectively. Furthermore, the fee structure for withdrawals remains unclear, potentially leading to unexpected costs for clients.

7. Customer Support and Educational Resources

　　Green Candle Brokers offers several support channels for its clients, including email, online chat, and social media. However, specific details about the availability of support services are not provided, including hours of operation and time zone coverage.

　　The broker does not explicitly mention multilingual support, which could limit accessibility for non-English speaking clients. Providing support in multiple languages is essential for brokers aiming to serve a diverse clientele.

　　In terms of educational resources, Green Candle appears to offer limited options. There is no mention of webinars, tutorials, or e-books that could help traders improve their skills and knowledge. Additionally, the absence of market analysis services, such as daily analysis, news updates, or research reports, may leave traders without the necessary tools to make informed decisions.

　　The broker does not provide any specific trading tools, such as calculators, economic calendars, or signal services, which are valuable resources for traders looking to enhance their trading strategies.

8. Regional Coverage and Restrictions

　　Green Candle Brokers primarily serves clients in global markets, although specific regions are not detailed. The brokers online presence suggests a focus on retail clients, but it lacks clarity on the geographical limitations of its services.

　　Details about the regional office distribution are not provided, which could impact the broker's ability to cater to local clients effectively. Additionally, Green Candle does not specify which countries or regions are restricted from opening accounts, leaving potential clients uncertain about eligibility.

　　Furthermore, there are no special restrictions mentioned regarding the broker's services, which could be crucial for clients seeking a comprehensive understanding of the operational framework.

　　In conclusion, while Green Candle Brokers presents itself as a green candle broker aiming to serve the retail trading community, significant gaps in regulatory compliance, product offerings, and support services may pose challenges for potential clients. As the broker continues to develop its operations, addressing these concerns will be vital for building trust and credibility in the competitive forex brokerage industry.

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