Grozav FX

Assessing Grozav FX's safety profile requires significant caution. The broker has an overall WikiFX score of 1.50. A core consideration is that it operates without any valid forex trading licenses from recognized financial authorities. While it has been registered in the United Kingdom for 5-10 years, the lack of direct regulatory oversight by bodies such as the FCA means client funds are not protected under standard compensation schemes. This regulatory status significantly elevates the risk profile for traders.

According to WikiFX data, Grozav FX is not regulated for forex trading. It is registered as Grozav Fx Ltd. Inc. in the United Kingdom but does not hold any active licenses from major regulatory bodies like the UK's Financial Conduct Authority (FCA), ASIC, or CySEC. The absence of credible regulation places it outside the standard protections offered by globally recognized financial authorities.

Grozav FX's minimum deposit varies by account type. The entry-level Standard account requires $10. For its ECN account, the minimum deposit is $1,000. The broker also offers a Swap Free (Islamic) account, which has a minimum deposit requirement of $100.

According to WikiFX data, Grozav FX's software index score is 4.0 out of 10. This score suggests platform services may be limited. The available data does not explicitly confirm the use of the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. Traders should verify the specific trading platform directly with the broker.