Forex Brokers

GroveForex Trading

1.3 (6 reviews)
🇳🇿 New Zealand
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1.3
6 reviews
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About GroveForex Trading

GroveForex Trading has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

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Customer Reviews

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They have gotten worse over time

J
Jessica A.
2 weeks ago

The hidden fees at GroveForex Trading are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.

Pros: Regular updates|Great customer service|Intuitive for beginners|Professional team

Cons: No integrated tax optimization|Limited social trading features

Must sell everything to leave

A
Aiden O.
2 months ago

GroveForex Trading offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.

Pros: Easy withdrawals|Comprehensive tools|Clear documentation|Responsive team

Cons: Withdrawal takes 1-2 business days|Mobile app could be improved

Guaranteed profits - total lie

S
Sarah E.
2 months ago

GroveForex Trading changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.

Pros: Good analytical tools|Reliable uptime|Multi-currency support|Dividend tracking

Cons: Wish they had more educational resources

Reviews on their site are fabricated

S
Susan V.
2 months ago

The so-called education at GroveForex Trading is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for over a year thinking they would help me learn.

Pros: Smooth onboarding|Good mobile app|Intuitive for beginners|Social trading features

Cons: Help articles are sometimes vague|Wait times can be long during peak hours

Total fraud - reported to authorities

R
Robert O.
10 months ago

I want to warn everyone about GroveForex Trading. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Cons: Blocked my account|No legitimate license|Fake returns

Checked with regulators - they're not licensed

M
Maria B.
10 months ago

After seeing ads for GroveForex Trading online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.

Pros: Website looks legitimate on the surface

Cons: Not registered with regulators|Unrealistic promises