GrowPlusMarket Limited Review

About GrowPlusMarket Limited

GrowPlusMarket Limited, operating under the domain growplusfx.com and registered via WHOIS on October 16, 2024 (updated February 20, 2025), offers trading across forex, stocks, indices, commodities, and cryptocurrencies. The broker promotes three account tiers—Standard (spreads from 1.8 pips, leverage 1:100, minimum deposit USD 1,000), Elite (spreads from 1.4 pips, leverage 1:200, minimum deposit USD 15,000), and Pro (raw spreads, leverage 1:400, minimum deposit USD 50,000)—all utilizing the MetaTrader 5 platform().

No authoritative regulatory license has been confirmed. Although the broker claims regulation by the Comoros (“Autonomous Island”) under license number BFX2024122 and registration number HT01024122, this claim is unsupported by any record in the Mwali International Services Authority database(). Independent reviews indicate absence of oversight by recognized regulators (FCA, ASIC, SEC, CFTC, etc.)().

There is no verifiable physical address matching the Dubai location provided (Office no 176‑0, P1/Block R, Saih Shuaib 2, Dubai) and no contact information is disclosed (email/phone/address listed as “N/A”)(). The website's low traffic (fewer than 100 visits monthly) suggests minimal market presence().

Pros and cons

Pros

• Offers a diverse range of tradable assets including forex, stocks, indices, commodities, and cryptocurrencies().
• Multiple account types with varied spreads, leverage, and deposit thresholds may suit different capital levels (Standard, Elite, Pro)().

Cons

• No verifiable regulatory status; claimed Comoros license cannot be confirmed().
• Opaque company details with unverifiable address and missing contact information().
• Website exhibits very low traffic and domain is recently registered, indicating limited credibility and potential risk().