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GROWFUNDSFX

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Operating status: SCAM

Website: https://www.growfundsfx.com/

Broker violations and abnormal records
  • 2023-05-24 The UK FCA issued a warning against GROWFUNDSFX

    On May 25, 2023, the Financial Conduct Authority (FCA) issued a warning against GROWFUNDSFX, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/growfundsfx

    On May 25, 2023, the Financial Conduct Authority (FCA) issued a warning against GROWFUNDSFX, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/growfundsfx
  • 2023-05-25 BrokersView has reviewed that GROWFUNDSFX is an unregulated broker

    GROWFUNDSFX claims to be registered in New Zealand, where brokers must be authorized and regulated by the New Zealand Financial Markets Authority (FMA) in order to operate legally. However, there are no corresponding records can be found in the FMA, undermining the broker's reliability. GROWFUNDSFX also purports to be registered in the UK, but we found no data of its existence either, in both the Companies House (CH) and the Financial Conduct Authority (FCA). Such contradictory situation suggests that GROWFUNDSFX's assertion about its regulatory compliance is a lie. In addition, the FCA confirmed GROWFUNDSFX's illegitimacy in a warning against this broker.

    In essence, GROWFUNDSFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    GROWFUNDSFX claims to be registered in New Zealand, where brokers must be authorized and regulated by the New Zealand Financial Markets Authority (FMA) in order to operate legally. However, there are no corresponding records can be found in the FMA, undermining the broker's reliability. GROWFUNDSFX also purports to be registered in the UK, but we found no data of its existence either, in both the Companies House (CH) and the Financial Conduct Authority (FCA). Such contradictory situation suggests that GROWFUNDSFX's assertion about its regulatory compliance is a lie. In addition, the FCA confirmed GROWFUNDSFX's illegitimacy in a warning against this broker.In essence, GROWFUNDSFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Does GROWFUNDSFX provide service in USA?

Gregory
United States of America
2023-05-31
ANSWER GROWFUNDSFX is a non-regulated broker we advise against trading with despite the seemingly attractive deals it offers.GROWFUNDSFX claims to be registered in New Zealand, where brokers must be authorized and regulated by the New Zealand Financial Markets Authority (FMA) in order to operate legally. However, there are no corresponding records can be found in the FMA, undermining the broker's reliability. GROWFUNDSFX also purports to be registered in the UK, but we found no data of its existence either, in both the Companies House (CH) and the Financial Conduct Authority (FCA). Such contradictory situation suggests that GROWFUNDSFX's assertion about its regulatory compliance is a lie. In addition, the FCA confirmed GROWFUNDSFX's illegitimacy in a warning against this broker.Regarding your question, we suggest you avoid dealing with GROWFUNDSFX since it is a non-regulated broker coming with significant risks including financial losses and identity theft. Without regulatory oversight, your money and personal information are not protected by rules and law. Therefore, we strongly suggest investors stay away from unlicensed brokers like GROWFUNDSFX and choose fully regulated ones instead.
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