GreenWaveX Journal

Journal status: live
GreenWaveX joined in | not yet
GreenWaveX Profile
Website
Year
2022
Country
Mauritius
Branches
1
Regulation
FSC Mauritius
Registration
FSC Mauritius
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Australia, Belgium, Canada, Iran, Japan, North Korea, Sudan, Syria, US
Broker type
MM, ECN marketing
Dealing book
A+B hybrid book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...

GreenWaveX Accounts
MM
ECN
Minimum Deposit
50 $
100000 $
Leverage
500 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.2 pips
0.1 pips
Commission
0 $/lotRT
...
Volume
...
...
Margin Call
100 %
100 %
Stop Out
50 %
50 %
Execution
Instant
Market
Spread
fixed
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Credit Card, Debit Card, Neteller
Base currency
USD
Segregated accounts
no
Interest on margin
no
Inactivity fee
after 3 months
Update broker

Is GreenWaveX safe?

  • Investor protection: no
  • Regulation: FSC Mauritius
  • Registration: FSC Mauritius
  • Publicly traded: no
  • Segregated account: no
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is GreenWaveX trusted?

  • Information transparency: limited ★★
  • Customer service: virtually non-existent
  • GreenWaveX website: uninformative, updated ★★
  • GreenWaveX popularity (by visitor count): low visits ★★

How GreenWaveX works



Fixed Spreads are being offered by the Company through the web platform. Changes will happen on the Fixed Spreads depending on the time and the market conditions.

Through the MetaTrader 4 trading platform, the Company offers a floating spread. The presence of floating spread on the Forex and CFDs markets means that the value between the Ask and Bid Spreads are constant and is therefore highly dependent on market volatility and liquidity.

The Client acknowledges the minimal timeframe for transaction executions:
On a web platform, a duration of 3 minutes is given. The Company has the right to cancel transactions when it deems necessary, specifically when the time between the opening a transaction and closing is less than 3 minutes.

Through the MT4 platform - (a client receives a bonus) and the volume of the trade is effectively reached which is at a 3-minute mark. At this event, the Company would exercise the right to cancel transactions wherein the timeframe between the opening and closing of a transaction falls below the aforementioned time.

Through the MT4 Platform - (no bonus for the client) there would be no given minimal timeframe for the manual execution of all trades and transactions.

The maximum period for keeping a position opened on a web-platform is at 21 days. The Company may take liberties on closing the Clients' transactions with open positions that exceed the recommended time frame. Should the order that is opened within a given contract bear an expiration date, the order will be effectively closed after the 21st day or on the expiration day itself (whichever comes first).

Price calculations, payouts, or losses that are connected to Transactions at the time these Transactions are either open or closed based on the Company’s estimate of actual market prices and the expected level of interest rates, implied volatilities, and other market conditions within the Transaction’s existence. The values are constantly based on complex arithmetic calculations as determined by the Company as dictated by their discretion. The calculations include Spreads in our favour, which means that the values involved may be different from the prices that are posted on primary markets where transactions of the like are administered.



Add new comment...