Opportunities, choices and options must be grabbed when they are available. Glenridge Capital binary options trading gives you the opportunity to improve your life. That is why more and more individuals are taking full advantage of this empowerment. Here is a Glenridge Capital review on its accounts, promotions and trade types.
”Make Your Options Count”
The Glenridge Capital (GC) Forex broker is owned by Greymountain Management Ltd. of Ireland. Established in 2015, it is one of the newcomers to the industry. It is very strong in terms of marketing, advertising and promotions; some have suggested that it is associated with Centument and the “Push Money” app. Glenridge Capital is unlicensed and requires a minimum deposit of 250 units of your currency.
When you visit the home page of Glenridge Capital, you are greeted by beautiful, scenic views of mountain tops and incredible skyscrapers. It has a golden and forest green color scheme (just like the color of money,) allowing you to imagine what life is like for the wealthy. Its slogan of Make Your Options Count should get your adrenaline pumping. Along the top of the page, you will see the following tabs: “Open Account,” “Trade Now,” “Promotions” and “Contact Us.”
The platform is in English, German or Russian. The promotions are quite ample, including Risk Free Trades, Asset of the Day, Refer a Friend, Luxury Weekend, Learn While You Earn, Free iPad and New iPhone 6. It is easy for you to fantasize about the profits you can make trading, just like you would if you won the lottery. Glenridge Capital offers you the chance to become part of the 1% elite.
The “Asset of the Day” is kind of nice, in case you are unsure of what to focus on. Of course, this is a brilliant marketing tool. GC offers a very popular industry feature of the “risk free trade.” People love anything that is free, don’t they?
Sometimes, when you invest more than 500 units of your currency, you can get an extra risk-free trade at Glenridge. The “Refer a Friend” program offers a 100 unit cash bonus. Every weekend, there is a race to win the “Luxury Weekend,” which includes a luxury car.
The Glenridge Capital CEO Vincent Glenn states that the broker has the goal of providing “fuss-free” trading and quick withdrawals. The brand promotes that it only takes 5 simple steps for people to trade assets.
In the upper right hand corner, you will find the “Start Trading” form with the following instructions: “Fill in the form and a representative will contact you shortly.” Just type in your name, email, zip and phone. Once you become a member, you can simply login to the home page, using your “Email” and “Password.”
Very Limited Assets Offered
The trading platform is basic showing your asset, a chart with price changes, amount wagered, “My Favorites,” Open Positions and your total cash balance. Some users have complained of it being very slow to use, freezing in mid-stream at the worst possible times. “Breaking News” from the UK is shown in the bottom left hand corner.
You can trade commodities, currencies, indices and stocks at Glenridge Capital. You only have 35 assets to trade, including only 4 indices. In the modern age of binary options, the limited assets on Glenridge Capital are a bit disappointing. Of course, the broker is new, so we all hope that they will add more assets.
There seems to only one trade type – Up/Down. There are a variety of time frames, which is nice, including 60, 90 and 120 seconds. There are also daily, weekly, monthly and yearly trades.
The broker claims to have a smart phone app, but it is not easily accessible from the website. Perhaps, it is the aforementioned “Push Money” app. Glenridge Capital does not allow you to automate or add an API onto its platform. This can be disappointing, if you found a great way to make money using a fast trading bot.
Five Account Types
With five account types, you have a little bit of variety with Glenridge Capital. This amount is pretty basic for the binary options industry. Here are the key variations found within these Glenridge Capital accounts:
- Risk Free Trades = 3 to 25
- Payout = 70% to 75%
You have a good range from beginner to expert with this broker. Basically, Glenridge Capital uses the concept of deposits, withdrawals and amounts based on units of your local currency. Here are the five Glendridge Capital account types:
1. Entry is for beginners, requiring a deposit of 250 to 4,999. You can earn up to a 100% bonus and 70% payout. You get 3 x risk free trades, an eBook, trading tools and personal analyst.
2. Standard is for those still learning; you need 5,000 to 24,999 to get started. You can earn a healthy 200% bonus and 70% payout. You are given 10 x risk free trades, en eBook, trading tools and personal analyst.
3. Preferred is for those with some experience. Just deposit anywhere between 25,000 to 99,999 for up to a 250% bonus and 75% payout. You can get up to 25 x risk free trades, an eBook, trading tools, personal analyst and a free iPad.
4. Signature is for the professionals, requiring 100,000 to 499,999. They can earn up to a 300% bonus and 75% payout. There are up to 25 x risk free trades, an eBook, trading tools, personal analyst and the free iPad. Also, you get extra assets, 1 week insured trades and weekly personal consultation with this account.
5. Premium is for the VIP. You need 500,000 + of your currency units to join. This provides you with live, advanced, high-volume traders. You also enjoy daily private consultation with expert analysts, weekly e-Trader group training, a strategic trading guide and expedited financial withdrawal.
Acceptable Educational Resources
There are plenty of solid educational resources at GC, including a “Beginner’s Guide,” Guided Tour, Glossary, e-Book and account managers. The Premium account gives you daily consultation with an expert analyst, along with weekly e-Trader group training.
Money Deposit & Withdrawal
The minimum deposit is 250 units of your currency. You can use the most popular credit cards – Visa or Mastercard. Wire transfer is enabled too. GC also allows for a variety of monetary systems from around the world, including Boleto for Brazil, Giropay, Sofort and Neteller.
Unfortunately, withdrawals are limited to 200 units of your currency. Some former customers claim that Glenridge Capital will not allow you to start withdrawing funds until 6 months after your initial investment. One customer was told that Glenridge Capital only does withdrawals on Thursdays.
You will be able to enjoy customer service availability 24/7 via Email, Live Chat and phone. You can simply click on an icon to get help. Customer support is in the languages of English, German, Russian or Spanish.
+ Numerous Promotions
+ Everyone Has Access to Analysts
+ Foreign Money Systems Supported
– Very Few Assets
– Payout % is Rather Low
– Can Only Withdraw 200 Currency Units at a Time
Glenridge Capital: “Trade Like a Pro”
Our review for Glenridge Capital has found that some information remains rather murky. This is a bad sign. While they say they offer 85% payout, the highest you can find on their accounts is 75%. They don’t have as much detail on trading types and accounts, as you would like. Their primary focus seems to be to optimize getting people to deposit money, using their numerous promotions.
They do have a great marketing video, which has appealed to many clients. While many brokers are giving away a free iPad, GC goes one better by offering a free iPhone 6. Having personal analysts helping with every account level is nice. They also have more customized money systems for people in such nations as Brazil (i.e. Boleto). That is innovative.
You trade to make money and when Glenridge Capital restricts your withdrawal to 200 currency units at a time, that is an instant red flag. Unfortunately, brokers who do not provide a very quick, efficient withdrawal process are usually shunned by traders. The system does not seem to offer much customization either. The Glenridge Capital has appealing promotions, but otherwise it is lacking the assets, speed and trading types to attract the top investors.