Global Broker Regulation Inquiry App
WikiFX
Wahab 
1-2 years
Is GrowPlusFX a safe and legit broker?
Broker Issues
Regulation
07-20
United States
WikiFX
Reply
GrowPlusFX lacks recognized international regulatory oversight, which means client protection measures such as segregated funds and compensation schemes are not guaranteed. While the platform claims to use 128-bit encryption for security, the absence of tier-one regulation introduces a higher level of risk for traders.
Similar Questions
What are the risks of trading with an unregulated broker like ufxinvest?
mohdfazlan
03-24
What are the pros of WorldQuest FX?
WoodCrusher
07-23
What are the key advantages and disadvantages of using I-Access for trading?
J Forex Trader
08-29
How safe is my money with Global Capital?
Mohammed Mazhar
07-31
In what ways does Instreet’s regulatory status help safeguard my funds?
gnsrael
08-20