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GRAND BLOOM FROEX

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Operating status: SCAM

Website: https://www.fxgrandbloom.com/

Broker violations and abnormal records
  • 2023-11-16 BrokersView has Reviewed that ​GRAND BLOOM FROEX is an Unregulated Broker

    GRAND BLOOM FROEX claims to be regulated by Australian Securities and Investments Commission (ASIC), AFSL: 226230. We searched the ASIC and found a matching result.

    But we searched the Australian Financial Complaints Authority (AFCA) by its ABN number, we found that the company operates another broker www.novuscapital.com.au, which had nothing to do with GRAND BLOOM FROEX.

    The truth is that GRAND BLOOM FROEX is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.

    GRAND BLOOM FROEX is a scam.

    GRAND BLOOM FROEX claims to be regulated by Australian Securities and Investments Commission (ASIC), AFSL: 226230. We searched the ASIC and found a matching result.But we searched the Australian Financial Complaints Authority (AFCA) by its ABN number, we found that the company operates another broker www.novuscapital.com.au, which had nothing to do with GRAND BLOOM FROEX.The truth is that GRAND BLOOM FROEX is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.GRAND BLOOM FROEX is a scam.

Related Complaints

Q&A

How's the review of GRAND BLOOM FROEX? Can I trust GRAND BLOOM FROEX?

Michalina Muench
Timor-Leste
2023-11-29
ANSWER GRAND BLOOM FROEX appears to be untrustworthy and potentially involved in identity theft.The Australian Financial Services License (AFSL) number it claims to possess belongs to another company registered with the Australian Securities and Investments Commission (ASIC). This other company seems to have no connection to GRAND BLOOM FROEX, suggesting that the platform is fraudulently using the details of a legitimate entity to deceive investors.As such, investors trading with GRAND BLOOM FROEX will expose themselves to fraud, which could lead to severe consequences. To avoid such risks, it is recommended to stay away from unlicensed brokers like GRAND BLOOM FROEX and instead choose fully regulated ones.
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