Company profile
GrowPlus Market Review SummaryFounded2024Registered Country/RegionComorosRegulationNot RegulatedMarket Instruments150+, Forex, Stocks, Indices, Commodities, CryptocurrenciesDemo Account✅LeverageUp to 1:400SpreadFrom 1.8 pips (Standard account)Trading PlatformMT5Minimum Deposit$1,000Customer Support24/7 supportPhone: +97145701103Email: support@growplusfx.comCompany Address: Office no 176-0, P1/Block R Building no, Saih Shuaib 2 Area, Dubai, UAERegional RestrictionsThe United States, Cuba, Iraq, Myanmar, North Korea, SudanBonus✅GrowPlus Market Information GrowPlus Market is a trading platform founded in 2024. It offers access to over 150 market instruments, including forex, stocks, indices, commodities, and cryptocurrencies. The platform provides a demo account for practice trading, with spreads starting at 0.0 pips. Trading is conducted on the MT5 platform, and the minimum deposit required to open an account is $1,000. GrowPlus Market offers three types of live accounts: Standard, Elite, and Pro.Pros and ConsProsConsThree account typesUnregulated statusDemo accountsHigh minimum deposit requirementCommission-freeRegional restrictions50% deposit bonusUnknown payment methodsDiverse tradable products24/7 supportIs GrowPlus Market Legit? No. As an unregulated trading platform, GrowPlus Market cannot be considered a legitimate company. Please be aware of the risk!What Can I Trade on GrowPlus Market? GrowPlus Market claims to provide over 150 types of tradable assets, including Forex, Stocks, Indices, Commodities, and Cryptocurrencies.Trading AssetsAvailableforex✔stocks ✔indices✔commodities✔cryptocurrencies✔bonds❌options❌ETFs❌funds❌Account Type & Leverage & Fees GrowPlus Market has three account types: Standard, Elite, and Pro. Each comes with distinct trading conditions.Account TypeStandard Elite Pro CurrencyUSDUSDUSDMinimum Deposit$1,000$15,000$50,000Maximum Leverage1:1001:2001:400Spread from1.8 pips1.4 pipsRawCommissionNoNoNoSwap-freeNoNoNoSupport24/7Relationship Manager24/7Trading Platform GrowPlus Market provides access to MT5 (MetaTrader 5), a powerful and versatile trading platform designed for advanced trading, in-depth market analysis, and seamless Forex and CFD trading.Trading PlatformSupported Available Devices Suitable for MT5✔Desktop, Mobile, WebExperienced tradersMT4❌/BeginnersDeposit and Withdrawal GrowPlusMarket claims to offer multiple options for depositing funds, although the specific methods are not clearly stated. In the meantime, GrowPlusMarket promises to offer a 50% bonus on deposits.
Is GrowPlus Market safe or scam
Ir5418
United Arab Emirates
Avoid opening an account with GrowPlusFX (growplusfx.com). They operate like a scam broker and are highly suspicious. Here are some serious issues I experienced: They act as a broker but make incorrect trades intentionally, causing losses—even when you use their “free RM (Relationship Manager)” service. It’s extremely difficult to withdraw money from your wallet to your bank account. Initially, they allow you to withdraw small amounts to gain your trust. After that, they block further withdrawals and require their approval—even if you have no open trades or positions. You lose control over your own funds. Please be very careful. This platform is not trustworthy. Once you deposit a larger amount, you will likely not get your money back.
Exposure
06-19