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Growup Capitals

Saint Vincent and the Grenadines|2-5 years|
Suspicious Scope of Business|High potential risk|

https://growupcapitals.com

Website

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Contact

+44 7587672876
backoffice@growupcapitals.com
https://growupcapitals.com
SUITE NO 305, GRIFFITH CORPORATE CENTRE, BEACHMONT, P.O BOX 1510, KINGSTOWN, SAINT VINCENT AND THE GRENADINES

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

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+44 7587672876

Broker Information

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Company Name

GROW UP CAPITALS LLC

Company Abbreviation

Growup Capitals

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-20
  • 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!

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Growup Capitals · Company Summary

Aspect Information
Company Name Growup Capitals
Registered Country/Area Saint Vincent and the Grenadines
Founded Year 2018
Regulation Unregulated
Minimum Deposit 50 USD
Maximum Leverage 1:500
Spreads As low as 1.5 (on all majors)
Trading Platforms Growup Capitals Multi-assets Platform
Tradable Assets Currency pairs, cross rates, commodities,stocks, precious metals, derivatives, etc.
Account Types Growup Beginner, Bonus, Expert, Skilled
Customer Support Phone: +447587672876; Email: backoffice@growupcapitals.com
Deposit & Withdrawal Bank transfer, credit/debit card, cryptocurrency
Educational Resources Webinars, articles, videos, glossary, FAQ

Overview of Growup Capitals

Founded in 2018 in Saint Vincent and the Grenadines, Growup Capitals offers a diverse array of trading assets, encompassing major currency pairs, cross rates, oil, precious metals, and derivatives. The platform boasts a user-friendly interface, solid marketplace reputation, and safeguards client funds through segregation and SSL encryption. However, a notable disadvantage is its unregulated status, potentially raising concerns about transparency and investor protection. Traders should carefully consider these factors and conduct thorough research before engaging with Growup Capitals for their financial activities.

Overview of Growup Capitals

Is Growup Capitals legit or a scam?

Growup Capitals operates without regulatory oversight, posing inherent risks. The absence of regulatory scrutiny means investors lack protection against fraud, misconduct, or malpractice. Without oversight, there's a higher likelihood of unethical practices, financial irregularities, and insufficient safeguards for clients. Investors should exercise caution, as the lack of regulation diminishes transparency and accountability, potentially exposing them to financial losses and legal challenges. It is advisable to choose investments with regulatory approval to ensure a safer and more secure financial environment.

Pros and Cons

Pros Cons
Comprehensive Asset Coverage Unregulated
User-Friendly Platform Complex Fee Structure
Funds Protection with Segregation
SSL Encryption for Account Security
Solid Reputation in the Marketplace

Pros:

  1. Comprehensive Asset Coverage:

    1. Growup Capitals offers a wide range of tradable assets, including major currency pairs, cross rates, oil, precious metals, derivatives, and more. This provides traders with diverse investment opportunities.

2. User-Friendly Platform:

  • The trading platform is designed to be user-friendly, making it accessible for both beginners and experienced traders. A user-friendly interface can enhance the overall trading experience.

3. Funds Protection with Segregation:

  • Client funds are consistently held in segregated bank accounts with reputable international banking institutions. This segregation ensures that the funds are safeguarded and not used for activities related to Growup Capitals, providing a layer of financial protection for clients.

4. SSL Encryption for Account Security:

  • Growup Capitals employs SSL encryption for its systems, ensuring the security of trades, payment transactions, and private information. This encryption is a crucial measure to protect user data and maintain the confidentiality of sensitive information.

5. Solid Reputation in the Marketplace:

  • The broker has established a solid reputation in the marketplace, suggesting a level of trustworthiness and reliability among traders. A positive reputation can instill confidence in clients regarding the broker's services.

Cons:

  1. Unregulated:

    1. One notable drawback is the lack of regulatory oversight. The absence of regulation may raise concerns regarding transparency and investor protection, as regulatory authorities play a crucial role in ensuring fair and ethical practices within the financial industry.

2. Complex Fee Structure:

  • Growup Capitals has a fee structure that some users may find complex. Clarity in fee structures is essential for traders to understand the costs associated with trading and to make informed decisions. A complex fee structure can potentially lead to misunderstandings and unexpected charges.

Pros and Cons

Market Instruments

Growup Capitals provides a versatile range of trading assets, allowing users to easily navigate and switch between markets. With access to over 10,000 financial markets, traders can engage in diverse opportunities across various asset classes.

  1. Currency Trading: The platform facilitates trading in the highly liquid foreign exchange market, offering advantages associated with this dynamic financial environment.

2. Commodities Trading: Growup Capitals allows users to trade commodities such as oil and gas, providing round-the-clock opportunities to capitalize on price fluctuations in these essential markets.

3. Shares Trading: Traders can participate in shares trading, involving positions directly in public companies. This form of trading is popular among those seeking direct exposure to individual stocks.

4. Precious Metals: The platform enables diversification with spot metals, allowing speculation on the price movements of precious metals like silver, gold, platinum, and palladium.

5. Cryptocurrencies: Growup Capitals supports trading in cryptocurrencies, quoted in both USD and EUR. This feature provides access to the lucrative digital currencies market, allowing users to capitalize on the volatility of cryptocurrencies.

6. Stock Indices: Users can engage in trading stock indices, which represent a group of shares used to track the performance of a country's stock market. This allows for a broader market perspective and potential opportunities based on overall market trends.

Overall, Growup Capitals offers a comprehensive selection of trading assets, catering to a broad spectrum of investment preferences across different financial markets. Traders can leverage the platform's diverse options to build a well-rounded and customized portfolio.

Market Instruments

Account Types

Growup Capitals offers a range of account types tailored to meet the diverse needs of traders. The Growup Beginner Account requires a minimum deposit of 50 USD and provides a 50 USD bonus, with a fixed spread of 3 on all major instruments. It offers a leverage of 1:50, allowing hedging, and supports a maximum of 300 open/pending orders per client.

For more experienced traders, the Growup Bonus Account necessitates a higher minimum deposit of 1000 USD, providing a tradeable bonus of 30%. The spread on all majors is reduced to 2, and the leverage increases to 1:300. Similar to the Beginner Account, it allows hedging and supports a maximum of 300 open/pending orders.

The Growup Expert Account caters to traders with a minimum deposit requirement of 500 USD. It features a competitive spread of 1.5 on major instruments, a higher leverage of 1:500, and, like the other accounts, allows hedging. This account type does not offer a specific bonus but maintains the commission-free structure.

For advanced traders, the Growup Skilled Account demands a minimum deposit of 2000 USD. It provides a raw spread, indicating direct market pricing, and introduces a commission of 7 USD per lot traded. The leverage is set at 1:200, and, like the other accounts, it supports hedging.

All account types have a maximum limit of 300 open/pending orders per client, and traders can opt for an Islamic account if desired. These account options cater to a spectrum of trading preferences, from beginners to skilled traders, allowing for flexibility and customization based on individual strategies and risk tolerance.

Account Type Growup Beginner Account Growup Bonus Account Growup Expert Account Growup Skilled Account
Minimum Deposit 50 USD 1000 USD 500 USD 2000 USD
Bonus 50 USD 30% (Tradeable) - -
Spread on all majors 3 2 1.5 Raw
Leverage 1:50 1:300 1:500 1:200
Commission 0 0 0 7$/Lot
Lot restriction per ticket Standard Ultra: 50 Lots, Micro Ultra: 100 Lots 100 Lots 50 Lots Standard Ultra: 50 Lots, Micro Ultra: 100 Lots
Islamic Account Optional Optional Optional Optional
Account Types
Account Types

How to Open an Account?

Opening an account with Growup Capitals involves several straightforward steps. Here's a concise guide in six points:

  1. Visit the Website:

  1. Go to the official Growup Capitals website to initiate the account opening process. Ensure that you are on the official and secure website by verifying the URL.

2. Select Account Type:

Choose the account type that aligns with your trading preferences and financial goals. Consider factors such as minimum deposit, leverage, and features associated with each account.

3. Complete Registration:

Fill out the registration form with accurate personal information. This typically includes your full name, contact details, and residency information. Follow the on-screen prompts to create a username and password.

4. Verify Identity:

Complete the identity verification process. This may involve submitting scanned copies of identification documents such as a passport or driver's license. Ensure that the documents meet the specified requirements.

5. Deposit Funds:

Fund your trading account with the minimum deposit required for your chosen account type. Growup Capitals usually provides multiple deposit methods, such as bank transfers or online payment systems.

6. Start Trading:

Once your account is funded and verified, you can access the trading platform. Familiarize yourself with the platform's features, market instruments, and begin executing trades based on your chosen trading strategy.

Always ensure that you thoroughly review the terms and conditions, and reach out to Growup Capitals customer support if you encounter any issues during the account opening process. Additionally, be mindful of the security measures in place to protect your account information.

How to Open an Account?

Leverage

Growup Capitals offers varying leverage across its account types: 1:50 for the Beginner Account, 1:300 for the Bonus Account, 1:500 for the Expert Account, and 1:200 for the Skilled Account. Leverage influences market exposure, with higher levels amplifying potential gains and losses. Traders should select an account aligned with their risk tolerance and experience, implementing prudent risk management strategies to navigate the markets effectively.

Spreads & Commissions

Growup Capitals features different spreads and commission structures across its account types.

The Growup Beginner Account has a spread of 3 on all majors and operates without commissions.

The Growup Bonus Account offers a reduced spread of 2 on majors, and like the Beginner Account, it is commission-free. The Growup Expert Account provides a competitive spread of 1.5 on major instruments without any specified commissions.

In contrast, the Growup Skilled Account offers a raw spread, indicating direct market pricing, and imposes a commission of 7 USD per lot traded.

Traders can choose an account type based on their preferences for spread costs and commission structures, aligning with their trading strategies and financial goals. It's crucial for traders to evaluate these factors carefully to optimize their trading experience on the platform.

Trading Platform

Growup Capitals presents itself as a multi-asset trading platform, offering opportunities in currency pairs, stocks, and shares. The platform boasts advanced tools for comprehensive price analysis, algorithmic trading, and copy trading, aiming to enhance the overall trading experience.

Trading Platform

Key features of Growup Capitals include cross-asset trading on over 10,000 markets, providing a diverse range of investment options. The platform offers innovative transparency through Level II pricing, allowing users to make informed decisions. Advanced charting tools contribute to a more sophisticated analysis of market trends. With a multilingual and user-friendly interface, the platform aims to accommodate a diverse user base.

Growup Capitals supports the hedging method, enabling the opening of multiple positions of the same financial instrument in opposite or the same direction. This feature, commonly used in currency trading, is highlighted as providing more opportunities for traders.

The platform is positioned as ideal for automated trading strategies, emphasizing its compatibility with algorithmic approaches. It operates on secure SSL-encrypted trading servers, prioritizing the safety of user data and transactions. Additionally, Growup Capitals offers 24/5 client support, underlining its commitment to customer service. While these features are outlined objectively, users should conduct thorough research and consider potential risks before engaging with the platform.

Trading Platform

Deposit & Withdrawal

Growup Capitals supports a variety of payment methods for making deposits and withdrawals. These methods include:

  • Bank transfer: This is the most common method of depositing and withdrawing funds from Growup Capitals. The processing time for bank transfers is typically 1-3 business days.

  • Credit/debit card: Growup Capitals accepts Visa, Mastercard, and American Express credit and debit cards. The processing time for credit/debit card transactions is typically instant.

  • Cryptocurrency: Growup Capitals supports a variety of cryptocurrencies for deposits and withdrawals, including Bitcoin, Ethereum, and Litecoin. The processing time for cryptocurrency transactions is typically within 30 minutes.

Growup Capitals sets varying minimum deposit requirements for its different account types.

  • The Growup Beginner Account requires a minimum deposit of 50 USD, making it accessible for traders who are just starting.

  • The Growup Bonus Account has a higher minimum deposit of 1000 USD, offering a tradeable bonus alongside the increased deposit requirement.

  • The Growup Expert Account mandates a minimum deposit of 500 USD, catering to more experienced traders.

  • For advanced traders seeking additional features, the Growup Skilled Account has a minimum deposit of 2000 USD.

Customer Support

Growup Capitals provides customer support through multiple channels, including a dedicated phone line at +447587672876 and email at backoffice@growupcapitals.com. The support team aims to assist clients with inquiries, account-related concerns, and technical issues promptly.

While the provided contact information indicates a commitment to communication, the responsiveness and quality of customer support may vary. Traders are encouraged to reach out to the specified channels for assistance, ensuring that their concerns are addressed efficiently by the Growup Capitals support team.

Customer Support

Educational Resources

Growup Capitals offers a variety of educational resources to help clients learn about forex trading. These resources include:

  • Webinars: Growup Capitals offers a variety of free webinars on forex trading topics such as technical analysis,fundamental analysis,and risk management.

  • Articles: Growup Capitals publishes a variety of articles on its website on forex trading topics.

  • Videos: Growup Capitals produces a variety of videos on forex trading topics.

  • Glossary: Growup Capitals provides a glossary of forex trading terms.

  • FAQ:Growup Capitals provides an FAQ section on its website with answers to common questions about forex trading.

These educational resources are designed to help clients of all levels of experience learn about forex trading and improve their trading skills.

Educational Resources

Conclusion

In summary, Growup Capitals provides traders with a diverse range of assets, including major currency pairs, cross rates, and commodities. The platform is user-friendly, secured by SSL encryption, and maintains a solid marketplace reputation. However, its unregulated status poses a notable concern for potential investors, as regulatory oversight is absent. Traders should weigh the advantages of comprehensive asset coverage and a user-friendly interface against the disadvantages of regulatory uncertainty before deciding to engage with Growup Capitals.

FAQs

Q: What assets can I trade on Growup Capitals?

A: Growup Capitals offers major currency pairs, cross rates, commodities like oil and precious metals, as well as derivatives.

Q: How secure are my funds on Growup Capitals?

A: Client funds are held in segregated bank accounts and protected with SSL encryption, ensuring a secure trading environment.

Q: What is the minimum deposit for a Growup Skilled Account?

A: The minimum deposit for a Growup Skilled Account is 2000 USD.

Q: Can I access educational resources on the platform?

A: Growup Capitals has limited educational resources, so traders are encouraged to seek additional learning materials independently.

Q: How long does it take to process withdrawals?

A: Withdrawal processing times on Growup Capitals can vary, so it's advisable to check with customer support for specific details.

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FX1475622706
more than one year
The Grow Up Capitals brokerage is not bad, I've been trading on their platform and the overall experience is pretty good. Their transaction fees are also relatively low and they offer a lot of promotions. The customer service is also very friendly and can get quick help every time you encounter a problem. Their trading platform is also stable and there have been no problems. So I still trust this brokerage company.
2023-03-31 16:03
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Kevin CHU
more than one year
My personal advice is to stay away from any financial companies registered in Saint Vincent and the Grenadines, a country notorious for accommodating many sacammers in forex!
2022-12-07 10:57
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