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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

GrowPlus Market

Comoros Comoros | 1-2 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://www.growplusfx.com/

Website

Rating Index

Contact

+971 45701103
https://www.growplusfx.com/
Bonovo Road - Fomboni, Island of Moheli, Comoros Union

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Comoros
Operating Period
1-2 years
Company Name
GrowPlusMarket Limited
Customer Service Email Address
support@growplusfx.com
Contact Number
+97145701103
Account
Website
Company Summary
Wiki Q&A
Comment

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Official Website

Website

  • growplusfx.com
    76.76.21.21
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
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    Company
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Company Profile

Company Profile

Review summary

GrowPlus Market Review Summary
Founded2024
Registered Country/RegionComoros
RegulationNot Regulated
Market Instruments150+, Forex, Stocks, Indices, Commodities, Cryptocurrencies
Demo Account
LeverageUp to 1:400
SpreadFrom 1.8 pips (Standard account)
Trading PlatformMT5
Minimum Deposit$1,000
Customer Support24/7 support
Phone: +97145701103
Email: support@growplusfx.com
Company Address: Office no 176-0, P1/Block R Building no, Saih Shuaib 2 Area, Dubai, UAE
Regional RestrictionsThe United States, Cuba, Iraq, Myanmar, North Korea, Sudan
Bonus

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.

GrowPlus Market's homepage

Pros and Cons

ProsCons
Three account typesUnregulated status
Demo accountsHigh minimum deposit requirement
Commission-freeRegional restrictions
50% deposit bonusUnknown payment methods
Diverse tradable products
24/7 support

Is GrowPlus Market Legit?

No. As an unregulated trading platform, GrowPlus Market cannot be considered a legitimate company. Please be aware of the risk!

No license

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 AssetsAvailable
forex
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
CurrencyUSDUSDUSD
Minimum Deposit$1,000$15,000$50,000
Maximum Leverage1:1001:2001:400
Spread from1.8 pips1.4 pipsRaw
CommissionNoNoNo
Swap-freeNoNoNo
Support24/7Relationship Manager24/7
Account comparison

Trading 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
MT5Desktop, Mobile, WebExperienced traders
MT4/Beginners
MT5 platform

Deposit 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.

Deposit and Withdrawal

Keywords

  • 1-2 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is GrowPlus Market a reliable or highly suspicious trading platform?

The platform, registered in the Comoros, does not hold verified licenses from major financial regulators such as the FCA or ASIC. Its operational profile, characterized by an absence of mainstream regulatory oversight, is associated with a heightened level of client risk, as reflected in its total score of 1.24.

Three days ago
United States

Where is GrowPlus Market registered?

GrowPlus Market operates under the entity GrowPlusMarket Limited, which is registered in the Comoros. The broker has been operational for an estimated 1-2 years. It provides three primary account types—Standard, Elite, and Pro—with minimum deposit requirements ranging from $1,000 to $50,000 and offering leverage up to 1:400.

Three days ago
United States

Is GrowPlus Market suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose GrowPlus Market or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

Three days ago
United States

What essential information should I know before trading with GrowPlus Market?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

Three days ago
United States
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