Warning! This broker is a scam! Please trade with brokers from the Top List!
In GlenridgeCapital review, traders will find out more about this interesting broker that is offering binary trading services. This broker, that is promising great payouts is owned by Greymountain Management Ltd. GlenridgeCapital review brings all necessary information on this broker.
GlenridgeCapital prepared several account types for traders willing to invest in binary options trading. According to their website, traders can opt for one of the following accounts.
Entry Account
Standard Account
Preferred Account
Signature account
As it can be seen, this broker promises great bonuses, however, the deposit amount is extremely high. The required trading volume is calculated as (deposit amount + bonus amount)x30.
GlenridgeCapital review shows how this broker doesn’t have a demo account, which could definitely be a great improvement, as demo platforms help traders to get used to the trading interface.
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This broker has created a proprietary trading platform that is very basic and doesn’t provide many possibilities for portfolio diversification. The only options available are high and low options, and the asset list is fairly limited. Expiry times vary from one minute to one year, however, the payout amount that is set to 70% no matter the asset and the expiry time selected seems a bit suspicious. It is known that there are never the same payouts for all assets and time frames involved.
GlenridgeCapital review shows that this broker has a mobile and desktop version of the platform. On the home page the broker claims to have payouts up to 85%, but in the accounts descriptions, the number goes to 75%. On the trading platform no payout was bigger that 70%. This is a very suspicious sign and a reason that this broker is not recommended.
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GlenridgeCapital review showed that this broker has platform and website available only in English. Few additional languages wouldn’t hurt, as binary options are traded all over the world. This broker doesn’t have any additional learning materials, besides basic instructions it offers.
When it comes to customer support, it can be reached via online form, skype, or email. LiveChat functionality would be great as it is fast and convenient.
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GlenridgeCapital is in the ownership of Greymountain Management Ltd.
Withdrawing and depositing is very important aspect of binary trading, and this broker fails to deliver in this aspect. In Terms and Conditions, there are many things traders must be aware of. Some of them are regarded the account verification procedure, which is usual among all brokers. However, traders must be aware of the fact that GlenRidge Capital allows only 10 transactions on an individual bank card, up to $10,000.
Withdrawal limit is either $100, or $200, depending on the method chosen, but the extremely high fees regarding withdrawals, make trading less profitable. Also, there are many issues regarding T&C on what is system abuse etc. Allover, the Terms and Conditions are very complicated and very demanding, so traders should approach this broker carefully.
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