GreenBull Deception Analysis
There are several warnings regarding GreenBull and their opaque activities. Scammers operating under the name of GreenBull use fake reviews to lure in newbies. Let’s discuss some facts known about GreenBull and why one should avoid this company.
Information about GreenBull
GreenBull claims to have been providing its services for over 16 years and prides itself on its status as a leading forex broker. Their website displays images of several awards that they claim to have received in recent years. They also provide the following statistics:
- 2,919,567 open accounts,
- 1,363,866,147 trades,
- 584,829 orders currently open.
However, the first reviews of the company only appeared last year, casting doubt on the accuracy of the presented numbers.
Upon verification through a specialized service, it was found that greenbull.pro started operating in late October 2023, which does not align with the claimed 16 years of experience.
Information about the company’s management is also missing, indicating inadequate transparency and possible lack of foresight in financial matters.
Additionally, the provided contact information, including the office address, turned out to be fake, raising suspicions regarding the legitimacy of the company.
License and Regulation
For the legal provision of brokerage services, a company must be registered and licensed. GreenBull claims that they operate in compliance with the law, but a check revealed that this company is not on the Central Bank of Russia’s list of licensees.
The absence of a license and regulation poses a risk to investors, as it may indicate the company’s illegal activities and lack of protection for clients.
Commercial Offer
GreenBull’s commercial offer lacks detailed information on contracts and trading conditions. The lack of a clear specification and information on payment methods increases risks for traders.
The 1000x leverage promoted by GreenBull is inconsistent with international standards and poses a serious threat to clients’ financial security.
Fake Reviews and Scammers’ Methods
The published reviews about GreenBull are fake and often contradict real data. Scammers employ various methods to attract clients and persuade them to invest funds, presenting the deal as profitable.
The use of false data and promises of unrealistic profits can lead to losses for traders and adversely affect their financial position.
Final Decision
Based on the presented facts, GreenBull appears to be an untrustworthy company operating in the financial services sector. Inadequate transparency, the use of manipulative tactics, and unreliable information pose high risks to potential investors. Be vigilant and avoid doing business with such companies.
In 2024, I found GreenBull’s brokerage service extremely disappointing. The customer support was shockingly inefficient with long wait times and practitioners who seemed neither knowledgeable nor understanding. My transactions were filled with obstacles, mainly due to the sluggish platform that frequently crashed or lagged, compromising my trading efficiency and potential profits. The broker’s technical shortcomings were exacerbated by unreasonable fees and murky withdrawal processes, making me question its transparency and legitimacy. All in all, my experience with GreenBull has undoubtedly been disheartening and I would not recommend engaging with their services.