A GENERAL INFORMATION

GreenWaveX Was Established In 2022. GreenWaveX Is A Newly Established Forex Broker Registered In The Marshall Islands. It Offers Its Clients A Range Of Trading Instruments Such As Currency Pairs, Commodities, Indices, Stocks, And More. The Brokerage Platform Has A Total Of Six Trading Accounts And The Maximum Leverage That Traders Can Use Is Up To 1:200.

Market Tools

GreenWaveX Claims That It Offers A Diversified Range Of Over 300 Trading Assets. Different Types Of Trading Instruments Such As Forex, A Range Of Commodity CFDs, Indices, Cryptocurrencies, Stocks, And Precious Metals Are Available Through This Brokerage Platform.

Account Types

There Are A Total Of Six Accounts Available On The GreenWaveX Platform: Standard, Islamic, IB, Green, ECN And Naira. The Standard Account Is Ideal For Novice Forex Traders Or Those Who Trade Occasionally, With An Initial Deposit Of $50.

If You Are An Experienced Retail Trader, You May Want To Try Out An ECN Account

The Minimum Deposits For These Four Trading Accounts Are: Islamic Account Starting At $3,000, IB Account Starting At $10,000, GREEN Account Starting At $50,000 And ECN Account Starting At $100,000.

The Special Trading Account NAIRA Account Set Up By This Broker Requires A Fairly Low Initial Deposit 10,000.

Spreads And Commissions

Spreads And Commissions Are Ultimately Set By The Trading Account. Spreads Offered By Standard Account, Islamic Account, IB Account Are Relatively High, Starting From 1.2 Pips For Standard Account, 1.3 Pips For Islamic Account, And 2 Pips For IB Account. Three Other Trading Accounts Offer Relatively Competitive Spreads, Starting From 0.7 Pips For GREEN Account, 0.1 Pips For ECN Account, And 0.1 Pips For NAIRA Account.

Leverage

When It Comes To Leverage, A Key Red Flag For GreenWaveX Is That It Allows Traders To Use Leverage Up To 1:500, Which Is Significantly Higher Than What Many Regulators Consider Appropriate.

Since Leverage Can Amplify Both Gains And Losses, It Is Important For Traders To Choose The Appropriate Amount For Which They Feel Most At Ease.

Trading Platform

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- Mobile Platform

Deposit And Withdrawal

GreenWaveX Website Shows, Including Visa, Mastercard, Bank Telegraphic Transfer, Usdt, Etc.