Overview
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.
Account 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.
Leverage
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.
