Score
Saint Vincent and the Grenadines
|
1-2 years
| https://growtradematrix.com
Website
Rating Index
Influence
D
Influence index NO.1
India 2.57
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines growtradematrix.com India| Grow Trade MatrixReview Summary | |
| Founded | 2024-10-28 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Trade Forex, Stocks CFDs, Indices, Commodities, and Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | up to 1:500 |
| Spread | start from 0.0 pips |
| Trading Platform | MT4/MT5 |
| Min Deposit | / |
| Customer Support | 24/5 customer support |
| Tel: +97143277592 | |
| Email: Contact@growtradematrix.com | |
| Regional Restrictions | citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, Sudan are not allowed |
Grow Trade Matrix is an unregulated broker, offering trading on trade forex, stocks CFDs, indices, commodities, and cryptocurrencies with leverage up to 1:500 and spread from 0.0 pip on the web-based trading platform.
| Pros | Cons |
| Tight spreads | No regulation |
| With demo account | Inaccessible website(partful links) |
| Various trading products | |
| MT4/MT5 platform | |
| Using margin trading is allowed |
No. Hankotrade currently has no valid regulations. Please be aware of the risk! It provides 0.01 lots and margin-used trading to profit from Forex pairs, even with small deposits.
Grow Trade Matrix provides a wide range of trading products such as forex, stocks CFDs, indices, commodities, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| Stocks | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
The broker does not provide any information about its accounts except demo account.
The broker offers max leverage at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.
Spreads
The spread is fixed at 0.0 pip.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | online web trader | Beginners |
| MT5 | ✔ | online web trader | Experienced trader |
The broker's website has not clearly provided information about deposit/withdrawal amount.
In this review, we will examine this broker and why traders should carefully consider the risks involved before deciding to invest.
The biggest con for me is the lack of regulation. Without regulation, I don’t feel secure trading with them, as there’s no way to ensure they’re following industry standards. Additionally, there are inaccessible website links, which makes it harder for me to get the information I need. I also feel that Grow Trade Matrix lacks transparency in terms of the minimum deposit and withdrawal methods.
Grow Trade Matrix offers a variety of trading instruments, including Forex, Stocks CFDs, Indices, Commodities, and Cryptocurrencies. I like the diversity of options, but I’d prefer to see ETFs and Bonds included as well for more comprehensive portfolio options.
Grow Trade Matrix offers leverage of up to 1:500, which I find appealing. For me, higher leverage means I can maximize my trades with less initial capital. However, I always use leverage with caution, as it can increase both potential profits and losses.
Since Grow Trade Matrix is unregulated, I don’t consider it completely safe or legit. I prefer trading with brokers who are regulated because it gives me peace of mind. Without that oversight, I can’t be sure that my funds are being handled properly, which makes me cautious about trading with them.
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