7 Warning Signs That GreenUp24.com Is High-Risk / Possibly a Scam Broker

1) Unverified Regulation / License Claims

• Several review sites note that GreenUp24 has not provided evidence of being regulated by major authorities like the FCA (UK), ASIC (Australia), etc.  
• The company claims to operate under “Greenup Ltd” in Saint Lucia with a registration number (2024-00067) via the “About Us” page. However, verification of regulation via Saint Lucia regulatory bodies shows discrepancy: registered, but not necessarily subject to regulatory oversight.  

2) Low Trust Scores & Multiple Risk Warnings from Independent Sources

• WikiFX lists Greenup24 as having a “Suspicious Regulatory License” and “High potential risk.”  
• ScamAdviser gives the site a very low trust score, citing its recent registration, hidden ownership, deposit info, and other risk factors.  

3) Virtual / Hidden Ownership Information & Domain Age Concerns

• WHOIS/ownership info appears hidden, using privacy protection services. 

• The site is fairly new (domain age ~1 year), which is a common marker in many problematic brokers. 

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4) Highly Leverage + Risky Terms for Traders

• GreenUp24 offers high leverage (up to 1:500), which can magnify losses substantially. 

• Review sites warn that high leverage combined with unverified oversight means losses (including from adverse trades, slippage, etc.) may be large and traders have little protection. 

5) Conflicting / Misleading Statements in “About Us” vs what regulation sources show

• The site claims to have “all necessary regulations” and “legal license” under Saint Lucia, via Greenup Ltd. 
• In contrast, multiple sources say that regulatory bodies show Greenup24 as unregulated in practice (i.e. registration without regulation / oversight).  

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6) Withdrawal & Customer Risk Signals from Review Platforms

• Review summaries describe concerns around withdrawal issues, though not many detailed public testimonies. 
• Traders are warned to be careful, especially because of possible delays, undocumented charges, or opaque verification demands.  

7) Marketing Language vs Transparency & Oversight Discrepancy

• The site uses marketing emphasizing “low spreads and commissions,” “fast execution,” “secure platform,” etc. 
• But without independent verification of those claims (for example proof of execution speed, client fund protection, proof of verified licensing), these claims may serve more as sales-pitch than fact.

✅ Conclusion: Why GreenUp24.com Looks Very High-Risk 

Putting together the publicly available information, GreenUp24.com shows enough warning flags that suggest it is a high-risk broker. For someone considering depositing funds there, several serious issues stand out which should give pause before trusting this platform with real money.

The central concern is regulatory legitimacy. GreenUp24 claims to be registered in Saint Lucia, under Greenup Ltd (Reg No. 2024-00067), and presents itself as having needed “regulations.” However, credible third-party sources find that while the entity may be registered, there is no timely or verifiable evidence that it is effectively regulated by major, credible financial authorities. Registration alone does not equate to being regulated, and many jurisdictions have lax oversight for brokerage firms. Without regulated oversight, there is no guarantee that client funds are safe, that withdrawals will be honored, or that disputes will be adjudicated fairly. If a broker advertises regulation, but that regulation is difficult or impossible to confirm, it is a major red flag.

Another key risk is transparency—or lack thereof. Ownership, domain info, company structure, and address info are minimal. The site uses privacy masking for domain registration. Marketing language is strong, with promises of competitive spreads, fast execution, and broad market coverage (crypto, Forex, stocks, etc.), but there is little evidence of independent audits, proof of payout, or real testimonials. The mismatch between what the company claims and what review platforms report suggests that much of the site’s statements may be promotional rather than factual.

The leverage offered (up to 1-500) increases risk considerably, especially for less experienced traders. When combined with uncertain regulatory status, high leverage can lead to substantial losses very quickly. Without negative balance protection, or other traded safeguards, traders could lose more than expected. Also, the risk of hidden fees, slippage, or execution issues tends to be higher when oversight is weak.

Trust scores from ScamAdviser and risk warnings from WikiFX amplify concerns. When multiple independent sites point out potential for misconduct—not just minor complaints but regulatory and legitimacy issues—then the risk is not theoretical Abut plausible. Domain age and hidden ownership reinforce this: many fraudulent brokers use young, opaque companies to evade oversight and disappear after collecting funds.

For someone considering using GreenUp24, here are safest-practice suggestions:

• Don’t deposit large amounts. If testing, use a very small deposit first and attempt a withdrawal to see how smooth the process is.

• Research whether the broker is registered/licensed in your country. Check the official regulator’s register using the broker’s claimed license/registration number.

• Check user feedback carefully, particularly focused on withdrawal experiences. Try to find reviews that include screenshots or proof.

• Save and document every communication, promotional claim, deposit statement—these may help if dispute or recovery is needed.
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