The company presents itself as a global player in the forex market, promising traders to “become more successful at every stage of their trading journey”. According to the site’s information, the brokerage firm has head offices in the UK and Poland. In addition, it allegedly operates worldwide and has “several local licenses”. However, this is not documented in any way.
Is this platform reliable or are its owners creating the illusion of getting rich quick for their potential clients? You will find out the truth about this broker in our Groshare Limited review.
How to Trade
The financial intermediary offers its clients 4 standard tariffs and a savings account with an interest rate of 9-18% of the deposit amount. The main page of the site presents the following trading conditions:
- Deposit from 100$.
- Commission from 1-5%.
- Execution of orders from 0.01 seconds.
- Leverage up to 1:200.
- Spreads from 0.7 pips.
Meanwhile, the broker clearly contradicts itself. So, the entry threshold is already 2500$ in trading plans, not 100$. Commissions on tariffs are not up to 5%, as it is written in the presentation of services, but already up to 7%.
Additionally, you will get an economic calendar, educational materials, a news feed, and other options. You can also check out the latest customer reviews about the company.
Groshare Limited Vital Info
The owners of the platform define their project as “a reliable broker with many years of experience in Forex”. It should be noted that this company manages several domains. We learned about two: groshareltd.com and grosharelimited.com. How many of them are still around? Meanwhile, the two domain names we know of were not created until November 2024. So the platform has been around for a couple of months now. What kind of years of experience does this broker have?
We could not find an office of this organization in London at the address listed on the website. Besides, our check of the FCA register, the financial regulator in the UK, showed that Groshare Limited is not licensed. It is interesting that a company with this name is listed in the British register of legal entities (Companies House). Meanwhile, the date of its foundation was 1962. Surely, this respected firm was founded long before the birth of the owners of the project we are studying. Of course, they have nothing in common.
It's a disgrace that I believed them! I don't understand how I could. One day a girl from Groshare Limited called me and she was very nice and convincing, telling me that there are many ways to make money online and that because of the American president you can very easily make money now on the volatility of the markets. To be honest, I don't know much about the markets, but it sounded quite credible and I invested 12,500 euros. Of course you're just going to laugh at me!! Because all this money turned out to be inaccessible and I was never able to log into my profile on this lying site again.
After I opened an account with GROSHARE LIMITED, I started receiving calls from “analysts” of the company constantly. At first it seemed to me just advice, then they began to persistently impose their ideas, which led me only to losses. As a result I lost over £2k in a month, which is 70% of my deposit. It seems that these analysts just get a percentage of my losses.
These scammers from Groshare Limited promised me a 30% bonus and at first they even credited it to my account! However, as soon as it came to withdrawing the 850 USDT profit, there were many new demands! First the scammers said that I didn't trade long enough, then they said that the bonus wasn't worked out and I was forced to keep trading for another 1.5 months! This is a trap, not a bonus. Scam!!! I wasted my time and nerves for nothing. Do not trade here ever!
The company's website raises a lot of questions for me. There are no registration data or legal documents, which is mandatory for any legal broker. Besides, the domain was registered only in November last year, and Groshare limited already speaks about solid experience and high achievements. How can a broker with a “long history” work for 2 months? Logically, this is a typical fraudulent scheme with a fictitious legend. As for the financial conditions, the minimum deposit is 2,500 dollars, this is quite a large amount that should alert new clients. Scammers often use inflated deposit amounts to squeeze the most out of users. I see from reviews online that after depositing at grosharelimited.com and starting to trade, traders are faced with inability to withdraw funds and receive constant excuses, unexpected fees and demands for additional investments from Groshare limited. This is a typical example of a fraudulent platform: lack of a license, made-up story about years of experience and lack of transparent conditions. All this is SCAM and is aimed at one thing - to pump as much money as possible out of clients, and then simply disappear from the Internet space.
I will tell you about some advantages of this company. First, the broker offers a wide range of deposit and withdrawal methods. Bank cards, transfers and even cryptocurrencies at grosharelimited.com are available, which makes the process as convenient as possible. I especially like that withdrawals take less than a day - I don't have to wait long as the money arrives promptly. Secondly, I am happy with the low minimum deposit of $100 that the company offers outside the trading plans. This is a great option for beginner traders who do not want to risk large sums at the start. And, of course, I am satisfied with the variety of trading assets. You can trade currency pairs, stocks, cryptocurrencies and commodities with GROSHARE LIMITED. This gives you the opportunity to choose the best trading instruments. However, these are just some of the benefits that I have noted for myself. In general, the broker offers decent conditions for comfortable work. Among the disadvantages, I will note the lack of a license.
I decided to try trading with this broker, as the minimum deposit seemed quite affordable to me (I have money). And, as it turned out, not in vain. The company pleasantly surprised me with its attitude to clients - managers are polite and always ready to help. I was especially pleased that, being a beginner, I received comprehensive qualified support from an analyst. Although the support and training lasted only a week at Groshare limited, I gained a lot of useful knowledge and experience during that time, which now helps me move forward. Despite the fact that usually beginners lose their first investments, I managed to increase my deposit 4 times! I strictly adhere to risk management and do not violate it, realizing the importance of discipline and sound strategy.
I was interested in this broker because of its 18% investment offer. Groshare Limited insures all deposits, which creates an additional opportunity for a stable income. Since I am used to depositing large sums into my account, it is important for me that the company is reliable. But trading conditions disappointed me. In general, I rate the broker's offers at 2 points because of large spreads and high commission. I would like more flexible conditions, considering that the company is eager to show its customer focus.
I encountered complete falsification of my results on this terminal. My successful trades somehow disappeared from the history, and instead of them appeared a bunch of failures that I didn't even know about!! About £4K disappeared. I tried calling grosharelimited.com support but no one answered there. This is some kind of nightmare, how are they even still in business?
These scammers tried to scam me ... but I immediately realized who I was dealing with and did not open an account with groshareltd.com. I know that they are a group of anonymous scammers who create identical websites to scam people. I started asking them questions about licenses and regulation, but I never got a clear answer… it was immediately clear to me that I was facing another scam, the main purpose of which was to empty my wallet.
This lousy scam company manages to blatantly lie, somehow dodge and deceive customers. GROSHARE LIMITED claim to have years of experience, but the site was only registered a couple of months ago and there is no real history behind them. Everything is very clear - the crooks shout very loudly about their successes, but there is no proof! Of course they haven't lost their minds yet, otherwise they would say they have millions of customers! That would be ridiculous. What about licenses? The broker wrote about the UK office, but there is no FCA license on the website. You only need to do a basic check in the FCA's register of legitimate companies, which provides information to everyone, and you will find out that GROSHARE LIMITED does not have a license. Moreover, the company is not listed with any reputable regulatory organization. They operate illegally in Poland, and interestingly enough, the website is available in 4 languages. However, this does not speak for the firm's reliability, as only licenses are a guarantee of the broker's safety and transparency. However, you can't count on that in the case of this scam. Anyone who takes the time to check the information will easily see the whole scheme, but unfortunately, many people believe the promises of stability and income without bothering to check the facts. The result is always the same - lost money and disappointment. My advice to you is to always do your fact checking.
cool cool cool! why all these lousy ratings, haven’t you explored the site’s capabilities? trading academy and calendar, news and calculators - that’s great! I really appreciate grosharelimited.com, they provide a lot of options for analysis and training, which means making money!
This is not a broker but scammers and thieves!!! I invested $2,640 and what was the result!?? Spreads were constantly increasing which made my trades unprofitable. There is no stability here, just complete bullshit! The platform is always glitchy and slow, especially when the market is active. It's just impossible! Customer support is some kind of robots, you will not get a response. Never get in touch with these scammers!