Greendax

Greendax is an online forex broker registered in Hong Kong, operating under the trading name Greendax Limited. The company was founded on 27 April 2022 and lists its registered address at Level 12, One Peking, 1 Peking Road, Tsim Sha Tsui, Hong Kong. According to official records, the broker is not regulated by any recognized financial authority, which is a significant factor for traders to consider.

Greendax positions itself as a provider of a broad range of trading instruments, including currency pairs, commodities, indices, stocks, and digital currency pairs. The broker offers six distinct account tiers, catering to different levels of capital commitment, from a minimum deposit of $2,500 (Beginner) up to $250,000 (VIP). The maximum advertised leverage is 1:400, but specific leverage per account type is not disclosed.

Greendax offers six account types: Beginner, Standard, Intermediate, Advanced, Integral, and VIP. The minimum deposit requirements start at $2,500 for the Beginner account and increase stepwise to $5,000 (Standard), $25,000 (Intermediate), $50,000 (Advanced), $100,000 (Integral), and $250,000 for the VIP account. The broker does not specify maximum leverage limits per account tier on its available records.

These account tiers suggest the broker targets a wide spectrum of traders, from retail investors with modest capital to high-net-worth individuals seeking larger exposure. However, the absence of regulatory oversight and verified performance data makes it difficult to assess the actual trading conditions or the reliability of the platform.

Greendax is not regulated by any financial authority, according to FXCanary's records. The company is registered in Hong Kong, but a Hong Kong business registration alone does not confer regulatory oversight over forex or CFD trading activities. This lack of regulation means traders have no recourse to a formal dispute resolution body or investor compensation scheme.

Given the unregulated status, potential users should exercise extreme caution. The broker's social media presence on Facebook and Instagram may provide additional information, but without a functional website or independent reviews, verifying the legitimacy of the entity is challenging. FXCanary's Scam Risk Score of 46/100 ('Guarded') reflects these concerns.

Greendax claims to offer trading in forex, commodities, indices, stocks, and digital pairs, but specific instrument lists, trading platforms (such as MetaTrader 4/5 or proprietary software), and funding methods are not disclosed in the available records. The broker's website (greendax.com) appears to be non-functional, returning an error message, which further limits the ability to verify its claims or assess its services.

For traders considering this broker, the combination of high minimum deposits, unregulated status, and inoperative website presents substantial risks. Without independent user feedback or a transparent trading environment, it is not possible to recommend Greendax as a reliable broker.