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%.

The leverage size of up to 1:200, specified in the Groshare Limited tariffs, violates the requirements of European regulators, which limit this parameter to 1:30.

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.

FAQ

What are the key facts about Groshare Limited?

The company's registration date, the names of its founders, and the competence of the team are not disclosed on the official website. Besides, there is no confirmation of the existence of a brokerage license and registration of a legal entity. Finally, the name of this platform is copied from a third-party British firm, which has nothing to do with the two sites of the hero of our review.

What's the risk to my wallet when working with this broker?

Presumably, the broker conducts illegal activities and violates the law. In addition, the lack of transparency in the description of trading conditions and risky CFDs with huge leverage indicate a 100% risk of losing your invested funds.

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