Global Broker Regulation Inquiry App
WikiFX
No Regulation
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/10
GrowPlus Market
Comoros
|
1-2 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://www.growplusfx.com/
Website
Rating Index
Contact
+971 45701103
support@growplusfx.com
https://www.growplusfx.com/
Bonovo Road - Fomboni, Island of Moheli, Comoros Union
Licenses
No valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
2025-10-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2
Basic Information
Registered Region Comoros
ComorosOperating Period
1-2 years
Company Name
GrowPlusMarket Limited
Customer Service Email Address
support@growplusfx.com
Contact Number
+97145701103
Company Website
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
--
Updated：
2025-10-29
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Official website
Website
growplusfx.com
76.76.21.21
Server Location
United StatesICP 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?
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.
Broker Issues
Fees and Spreads
07-22
United States
Wahab
1-2 years
Is GrowPlusFX a safe and legit broker?
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.
Broker Issues
Regulation
07-20
United States
TradeTimeAllWasted
1-2 years
Does GrowPlusFX offer any deposit bonus?
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.
Broker Issues
Deposit
Withdrawal
07-18
United States
Yousef47
1-2 years
How long does GrowPlusFX withdrawal take?
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.
Broker Issues
Withdrawal
Deposit
07-12
United States
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