Growup Capitals

The official website of the company indicates that it was founded back in 2018, but in reality it turned out that the project was registered only at the end of 2023. It is clear to the naked eye that this is an ordinary SCAM that lures users with a false legend promoting the reliability and safety of cooperation with the office.

Our experts also highlighted the lack of information regarding the founders of the platform. The main focus on the service page is only free access to numerous markets, as well as a wide range of financial instruments. At the same time, there are absolutely no statistical indicators that could indicate the effectiveness of cooperation with this platform.

To begin, potential clients of the brokerage organization need to register on the company’s official page. Only after this you will be able to access your account and trading terminal. At the same time, inGroup Capitals personal account you have to choose your tariff according to which further trading will take place.

There are 4 main options available:

• Growup Beginner Account – minimum deposit $50, leverage 1:50, hedging available;
• Growup Bonus Account – deposit from $1,000, bonus up to 30%, leverage 1:300, spreads from 2.0 points;
• Growup Expert Account – deposit from $500, leverage 1:500, spreads from 1.5 points, no commissions;
• Growup Skilled Account – deposit from $2,000, leverage 1:200, commission $7 per lot.

A demo account is also available, which comes with many commissions and additional payments.

Security of trading with a broker

The scammers themselves claim that their office has an FSA offshore license. However, we never found any mention of this sham in the registers of the financial commission. Obviously, the document is fictitious, as are the contact details, which certainly will not help you contact consultants or administrators to resolve problems regarding your account.

Legal documents, in turn, provide for a set of pitfalls that deprive traders of the right to independently manage their deposits, which also qualifies this office as a scam.