GROWFUNDSFX claims to be registered in New Zealand, where brokers must be authorized and regulated by the New Zealand Financial Markets Authority (FMA) in order to operate legally. However, there are no corresponding records can be found in the FMA, undermining the broker's reliability. GROWFUNDSFX also purports to be registered in the UK, but we found no data of its existence either, in both the Companies House (CH) and the Financial Conduct Authority (FCA). Such contradictory situation suggests that GROWFUNDSFX's assertion about its regulatory compliance is a lie. In addition, the FCA confirmed GROWFUNDSFX's illegitimacy in a warning against this broker.
In essence, GROWFUNDSFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
GROWFUNDSFX claims to be registered in New Zealand, where brokers must be authorized and regulated by the New Zealand Financial Markets Authority (FMA) in order to operate legally. However, there are no corresponding records can be found in the FMA, undermining the broker's reliability. GROWFUNDSFX also purports to be registered in the UK, but we found no data of its existence either, in both the Companies House (CH) and the Financial Conduct Authority (FCA). Such contradictory situation suggests that GROWFUNDSFX's assertion about its regulatory compliance is a lie. In addition, the FCA confirmed GROWFUNDSFX's illegitimacy in a warning against this broker.In essence, GROWFUNDSFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.