Warning: Glenridge is a Scam! They are not licensed or regulated.
Glenridge Capital was an unlicensed binary options broker that opened in 2015. Glenridge Capital’s phone number is; USA: 888-967-8185 United Kingdom: +44 203 318 2586. They were owned by Greymountain Management Ltd. 3rd Floor, Ulysses House Foley St., Dublin, and their website says Melnic Group Ltd. Their email is [email protected].
If you have a complaint, or want your money back, read this.
Glenridge Platform Review
They use a new and simple trading platform. The trading software has high/low binary options are multiple expiration time frames. Starting at 60, 90, 120 seconds, going out to daily, weekly, monthly and yearly options. The returns on EUR/USD options were 70% when we reviewed the site. They support customers who speak English, German, Russian, & Spanish, but their platform is only available in English. Minimum deposit for new accounts is $250.
Glenridge does not allow you to use an auto trading system.
In their terms and conditions (section 18) they write;
If you integrate an automated or semi-automated device on the Glenridge Capital platform, in lieu of your personal interaction, or utilize a backdoor API; we will consider your activity system abuse and we will nullify your position or cancel your account.
This means; if by some miracle you make actually money using a system like NEO2 or Copy Buffett, they will cancel your account!
Glenridge No License
The main thing we look for when reviewing binary option brokers to determine if they are a scam broker or a legitimate broker is simple. We want to know if they are licensed and regulated by the CFTC in America, or are they licensed by CySEC in Europe.
Glenridge Capital does not have a license.
The reason traders use a licensed broker is so that they funds are secure, and there is someone to complain to when there is a problem. For an updated list of licensed brokers, go here. FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here.
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