Global Broker Regulation Inquiry App

WikiFX

No Regulation

GrowPlus Market

1-2 years

Suspicious Regulatory License Suspicious Scope of Business High potential risk

Score

0 1 2 3 4 5 6 7 8 9

/10

Regulatory Index 0.00

Business Index 4.55

Risk Management Index 0.00

Time Machine Website

Licenses

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

Warning: Low score, please stay away!

Previous Detection 2025-12-13

Risk Manage 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

Company Website

https://www.growplusfx.com/

Account

Website

Company Summary

Wiki Q&A

Comment

Account

Environment

--
Currency

--
Maximum Leverage

1:400
SupportedEA
Minimum Deposit

$50000
Minimum Spread

--
Depositing Method

--
Withdrawal Method

--
Minimum Position

--
Commission

No
Products

--

Products

Updated： 2025-12-13

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Details

Official website

Website

growplusfx.com

Server IP

76.76.21.21

Server Location

United States
ICP registration

--
Most visited countries/areas

--
Domain Effective Date

--
Website

--
Company

--

Company Summary

GrowPlus Market Review Summary
Founded	2024
Registered Country/Region	Comoros
Regulation	Not Regulated
Market Instruments	150+, Forex, Stocks, Indices, Commodities, Cryptocurrencies
Demo Account	✅
Leverage	Up to 1:400
Spread	From 1.8 pips (Standard account)
Trading Platform	MT5
Minimum Deposit	$1,000
Customer Support	24/7 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 Restrictions	The 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.

Pros and Cons

Pros	Cons
Three account types	Unregulated status
Demo accounts	High minimum deposit requirement
Commission-free	Regional restrictions
50% deposit bonus	Unknown 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!

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 Assets	Available
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 Type	Standard	Elite	Pro
Currency	USD	USD	USD
Minimum Deposit	$1,000	$15,000	$50,000
Maximum Leverage	1:100	1:200	1:400
Spread from	1.8 pips	1.4 pips	Raw
Commission	No	No	No
Swap-free	No	No	No
Support	24/7	Relationship Manager	24/7

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 Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop, Mobile, Web	Experienced traders
MT4	❌	/	Beginners

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.

Keywords

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

Wiki Q&A

Chris hagerman

1-2 years

What are the detailed fees of the GrowPlusFX broker?

WikiFX Reply

GrowPlusFX does not charge trading commissions across all account types. The spread varies depending on the account: starting from 1.8 pips for Standard, 1.4 pips for Elite, and raw spreads for Pro. There is no mention of inactivity fees or swap-free accounts.

Is GrowPlusFX a safe and legit broker?

WikiFX Reply

GrowPlusFX lacks recognized international regulatory oversight, which means client protection measures such as segregated funds and compensation schemes are not guaranteed. While the platform claims to use 128-bit encryption for security, the absence of tier-one regulation introduces a higher level of risk for traders.

Does GrowPlusFX offer any deposit bonus?

WikiFX Reply

Yes, GrowPlusFX offers up to a 50% deposit bonus designed to increase trading margin and purchasing power. This bonus is subject to undisclosed conditions and should be reviewed carefully before participation.

How long does GrowPlusFX withdrawal take?

WikiFX Reply

GrowPlusFX claims to provide a fast withdrawal process and has developed an internal system to expedite transaction speed. However, no specific timeframes are provided on the website.