Recently, many users have raised concerns about Greenup24. It may look and feel like a professional platform, but user experience and platform behavior present serious questions that deserve closer attention. In this Greenup24 review, we aim to help you assess whether the platform has proper regulation, transparency, and reliability, and whether it shows any red flags that should be considered before getting involved.
Greenup24 Overview
Company Name: Greenup24
Website: https://greenup24.com/
Address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.
Regulation Status: Unregulated
Traders are encouraged to proceed with caution when dealing with Greenup24. It is important to verify the broker’s regulatory status, check for proper licensing, and confirm whether it has been blacklisted or flagged by financial authorities.
About Greenup24
Unfavourable Claims about Licensing
Greenup24 claims to be operating under Greenup Ltd., a company said to have been registered in Saint Lucia but running out of Dubai. Though this registration of Greenup Ltd. has been confirmed with the Saint Lucia International Financial Centre (IFC) registry, it must be understood that it conferred only an International Business Company (IBC) status. Given that the granting of an IBC does not constitute a financial license, Greenup Ltd. would also not have been authorized legally to provide investment or brokerage services.
No Regulatory Approval
An inquiry was carried out about the legality of the operating platform through the databases of the Securities and Commodities Authority (SCA) and the Dubai Financial Services Authority (DFSA). The name Greenup24 or Greenup Ltd. cannot be traced, which means that the platform is unambiguously not an authorized entity to do business in Dubai or render regulated financial services.
Risk of Fraudulent Activities
With no regulatory oversight, serious doubts would be cast on how Greenup24 is being run. The investors are not under any protection, nor are their funds guaranteed by the operators. The lies about licensing coupled with a very compelling história de pers
In order to check the claims about legal authority to operate, an investigation was conducted into the databases of the Securities and Commodities Authority (SCA) and the Dubai Financial Services Authority (DFSA). No trace could be found of the names Greenup24 or Greenup Ltd., thus showing that the platform is unmistakably not sanctioned to operate in Dubai or to give any regulated services.
FAQs
Q: Is Greenup24 a licensed or regulated broker?
A: It doesn’t seem like any publicly available information suggests that Greenup24 has a license from any significant financial authorities.
Q: Can I withdraw my funds easily from Greenup24?
A: There have been some complaints from consumers about difficulties with withdrawals. It’s important to read user reviews and study the platform’s withdrawal policy.
Q: What makes a broker a scam?
A: Common indicators include unregulated status, false promises of returns, withdrawal denial, lack of transparency, and aggressive sales tactics.
Our Verdict on Greenup24
Based on available information and customer feedback, Greenup24 appears to pose significant risks for traders. Issues such as withdrawal delays, lack of customer support, and suspicious account activities make it difficult to recommend this broker. Transparency and regulatory compliance are key factors in choosing a safe trading platform, and Greenup24 seems to fall short in these areas.
If you are considering opening an account with Greenup24, it is highly advisable to conduct deep research and avoid depositing large sums of money. Always prioritize safety and choose brokers that are licensed and regulated by top-tier authorities.
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If you believe you’ve been affected by Greenup24, feel free to contact us or report a scam through our platform to help others stay informed.
Stay informed. Read broker reviews, compare platforms, and always verify licensing details. For more insights, visit BrokersReviewer.com.
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