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/10

GrowPro Markets

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

http://growpromarkets.com/

Website

Rating Index

Contact

+44 7360538455
INFO@GROWPROMARKETS.INFO
http://growpromarkets.com/
439 OXFORD STREET​

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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GrowPro Markets · Company Summary

Basic Information
Registered Countries United Kingdom
Regulation No License
Minimum Deposit 250 euros
Maximum Leverage 1:200
Minimum Spread 2 pips
Trading Platform MT4, WebTrader
Trading Assets Forex, Cryptocurrencies, Shares, Indices, Commodities, Precious Metals
Payment Methods Wire transfer
Customer Support Email, Suppor

General Information

GrowPro Markets is an offshore broker registered in the United Kingdom, provding their clients access to a series of trading instruments, including Forex, Cryptocurrencies, Shares, Indices, Commodities, Precious Metals. The minimum deposit required to trade with GrowPro Markets is 250 euros and the trading leverage that can be used is up to 1:200.

GrowPro Markets is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.03/10. Please be aware of the risk.

wikifx

Market Instruments

Clients are provided access to six classes of trading assets, including Forex, Cryptocurrency, Shares, Indices, Commodities, Precious Metals, all available through this brokerage platform.

market-instruments

Account Types

Standard, Bronze, Silver, Gold, Platinum, and Diamond accounts are available options for both retail and professional clients. The minimum deposit amount specifies the account type, with the Standard account from 250 euros, the Bronze account from 2500 euros, the Silver account from 10,000 euros, the Gold accounts from 50,000 euros, the platinum accounts from 200,000 euros, and the Diamond accounts from 500,000 euros.

account-types

Spreads & Commissions

GrowPro Markets offers a zero-commission trading environment, with spreads calculated only.

Average spreads offered by six types of trading accounts start from 2 pips, 1.8 pips, 1.2 pips, 1 pips, 0.8 pips, and 0.2 pips, respectively.

Leverage

When it comes to leverage, GrowPro Markets provides its customers with access to 1:200, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Trading Platform

GrowPro Markets offers a simple web-based platform. Here is the screenshot of this platform:

trading-platform

Honestly, this web trading platform has nothing to do with the MT4 platform which is far more advanced.

Payment Methods

The minimum deposit ranges from 250 euros for a Standard account up to 500,000 euros for a Diamond account. GrowPro Markets support bank wire transfer deposits only.

However, beware that wire transfers are virtually final and irreversible. Paying with credit cards, on the other hand, allows you to file for a charge back up to 540 days after a transaction.

Customer Support

Clients who have any inquiry or trading-related issues, they can get in touch with this broker through the following contact channels:

Telephone: INFO@GROWPROMARKETS.INFO

Email: +447360538455

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
Generous leverage up to 1:200 No regulation
Multiple trading accounts available Anonymous website
High spreads & minimum deposits
Limited payment methods
Weak trading platform

Frequently Asked Questions

What trading instruments can I trade with on GrowPro Markets

GrowPro Markets offers access to Forex, Cryptocurrencies, Shares, Indices, Commodities, Precious Metals.

What is the minimum deposits required by GrowPro Markets

The minimum deposit required to trade with GrowPro Markets is 250 euros.

What is the maximum leverage available?

The maximum trading leverage that is available on the GrowPro Markets platform is up to 1:200.

Broker Information

Company Name

GrowPro Markets

Company Abbreviation

GrowPro Markets

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company
  • +44 7360538455

Twitter

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Facebook

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Instagram

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YouTube

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Company address
  • 439 OXFORD STREET​

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • INFO@GROWPROMARKETS.INFO

Company Summary

User Reviews

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3

Comments

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生林
more than one year
The disclosed information on the site looks quite simple, which makes me feel that it is not a transparent broker. This is a dangerous signal that trading with such kind a broker is unreliable.
2023-02-27 13:42
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0
0
w_hq
more than one year
Frustrating, no demo account for me to test its trading environment. Well, I have to say goodbye to this broker then, for lacking for free practice account makes me feel unsafe.
2022-12-19 09:49
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0
0
月亮邮递员
more than one year
This is an unregulated foreign exchange company. It is a software developed by overseas fraud gangs. Don’t transfer money to them. If the money enters their pockets, they will not return. The bloody lesson, how many people have been cheated by the fake platform. , don't want such a thing to happen
2022-11-27 10:29
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