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Grow Deposits

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Operating status: SCAM

Website: https://growdeposits.com/

Broker violations and abnormal records
  • 2022-09-15 The Belize FSC Added Grow Deposits into Its Warnings

    On 16 Sep 2022, the Belize Financial Services Commission (Belize FSC) issued a warning that Grow Deposits is not licensed under the FSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the FSC Act in or from within Belize. You may visit: https://www.belizefsc.org.bz/warning-notice-grow-deposits/


    On 16 Sep 2022, the Belize Financial Services Commission (Belize FSC) issued a warning that Grow Deposits is not licensed under the FSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the FSC Act in or from within Belize. You may visit: https://www.belizefsc.org.bz/warning-notice-grow-deposits/
  • 2022-09-19 BrokersView has Reviewed that Grow Deposits is an Unregulated Forex Broker

    Grow Deposits claims to be regulated by the United Kingdom Financial Conduct Authority (UK FCA)  and the Belize Financial Services Commission (Belize FSC or IFSC). 

    First, we searched UK FCA but found no matching results. That means Grou Deposits is not regulated by UK FCA.

    In addition, we searched IFSC and found a warning against this broker. The regulator warned that Grow Deposits is not licensed under the FSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the FSC Act in or from within Belize. 

    The truth is that Grow Deposits is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    Grow Deposits claims to be regulated by the United Kingdom Financial Conduct Authority (UK FCA)  and the Belize Financial Services Commission (Belize FSC or IFSC). First, we searched UK FCA but found no matching results. That means Grou Deposits is not regulated by UK FCA.In addition, we searched IFSC and found a warning against this broker. The regulator warned that Grow Deposits is not licensed under the FSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the FSC Act in or from within Belize. The truth is that Grow Deposits is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
  • 2022-10-04 The UK FCA Added Grow Deposits into Its Warnings

    On 5 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Grow Deposits was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/grow-deposits

    On 5 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Grow Deposits was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/grow-deposits
  • 2022-11-15 BrokersView has found that Grow Deposits is not working

    BrokersView found the domain "https://growdeposits.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://growdeposits.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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