The site is operated by Groshare Limited, which is allegedly based in England and has its headquarters in Poland. In addition, the broker claims to operate worldwide and is regulated by several local financial commissions. Despite this, there are no licenses from British, Polish, or other financial regulators on this website. Finally, the company’s founding date is not given and the domain was not registered until November 2024.
How safe is it to trade with this company? We will analyze its functionality and find out whether it is worth trusting it with your money.
Trading Conditions
Customers can trade on WebTrader without downloading software to their devices. The brokerage firm offers a choice of assets such as currencies, commodities, etc. The company provides the following trading conditions:
- 4 accounts with minimum deposits from $2,500/$50,000.
- Savings account with accrual of 9-18%.
- Leverage up to 1:200.
- Lot size 100-1000 pips.
- Commissions 1-7%.
Withdrawal of funds is possible within 3-7 days. However, the minimum withdrawal amount is not specified. The spread size depends on the account type, there is no exact data.
The broker promises to provide training to traders. Meanwhile, at the time of writing our review, email, and training materials were not available. In addition, the website contains News, Economic Calendar, Calculator, and Converter.
FAQ
Would investing in Groshare Limited offer the best returns?
Most likely, you will face major financial losses here. Please note that risky CFD trading is prohibited in the US and leverage is limited to 1:30 in Europe due to the high risk of capital loss for traders.
Does Groshare Limited carry out withdrawals?
Judging by the negative reviews online, it is unlikely that you will be able to get your invested funds back. Clients report that their deposits disappear, accounts are blocked and trading terminals are no longer functioning.
May I be scammed on grosharelimited.com?
This brokerage company poses a serious threat to traders. The anonymous owners of the resource do not have licenses for brokerage activities. A fresh website domain, copied name of a large financial company, fake address, and contacts are signs of a fraudulent project.
What's the best way to share my experience with Groshare Limited?
Fill out the form and we'll make sure your voice is heard.
How can I tell if this is a fraudulent company?
Do your own research and never believe those who promise you easy money.
15 reviews about Groshare Limited