GrowPlusMarket Limited

Our investigation into GrowPlusMarket Limited found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.

Who is GrowPlusMarket Limited?

On the surface, GrowPlusMarket Limited looks like an ordinary forex and crypto broker. Its public site is presented at https://www.growplusfx.com/. But surface impressions are exactly what these operations rely on — the substance behind GrowPlusMarket Limited is where the problems begin.

Is GrowPlusMarket Limited regulated?

We could find no evidence that GrowPlusMarket Limited holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• Unrealistic profit claims and pressure to deposit more
• Offshore or shell-company registration used to avoid oversight
• No credible physical address or verifiable corporate record
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• No verifiable licence from a recognised financial regulator

Our analysis

The company claims to be regulated by the financial authority of the Autonomous Island of Mwali (Mohéli), Union of Comoros, under license number BFX2024122. While a matching entity name was found on the website of the MWALI International Services Authority (MISA), there are significant concerns regarding its legitimacy. Typically, companies licensed by this regulator are required to register their official website address for verification purposes. However, "Grow Plus Markets Limited" does not appear to have provided any such domain information, raising serious red flags and suggesting the possibility of identity theft. This lack of verifiable information prevents us from confirming the authenticity of the license. Furthermore, GrowPlusMarket Limited has no other major regulatory credentials on record. Given these circumstances, we have strong grounds to suspect that GrowPlusMarket Limited may be a scam.

Can you recover money lost to GrowPlusMarket Limited?

If you have deposited with GrowPlusMarket Limited, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.