The company says it is based in the UK and sees security as its main competitive advantage. It offers users to trade with “transparent services and no hidden fees”. Despite this, there is a lack of data on both the registration of legal entities and regulatory oversight of brokerage activities.
Is it possible to trade profitably on this platform, relying only on the promises of its owners? We recommend you to take your time and read our Growth Praxis review before opening an account with this broker.
How to Trade
The first thing that strikes us is the size of the minimum deposit. Are you ready to start trading with 12,500 euros? If yes, you can take advantage of the following features:
- 4 trading plans.
- 50 currency pairs and more than 45 CFD products.
- Trade size from 0.01 to 50 lots.
Services on different plans differ only in the size of the leverage, which increases from 1:100 to 1:400. Scalping is allowed and arbitrage is prohibited on this platform. You will have to try out an unknown terminal on a real account, as there is no demo.
The company provides bonuses to its clients. You can withdraw your prize money after completing a minimum trading volume, which is equal to the bonus amount divided by 4. The deadline for fulfilling this requirement is 60 days.
Growth Praxis Vital Info
The owners of the site keep their names, the history of the project, and the date of its foundation secret. Meanwhile, such anonymity is alarming and raises suspicions about the reliability of the resource. As for the domain, it was registered in 2021 and updated at the end of June 2024. The broker most likely started its activities quite recently, otherwise why would it have such mystery around its brand?
The website provides opaque information about the company’s location. We queried the UK register of legal entities at the address provided and did not find Growth Praxis there. A similar situation can be observed at the British regulator FCA. Besides, there is no brokerage firm with this name on the lists of other countries. However, such an organization must be licensed and registered if its owners want to operate legally.
No matter how hard I tried, I could not get any profit :( Even trading 1,000-1,200 dollars (out of the invested 19 thousand) did not lead to anything. I didn't even get 1 percent profit :( GROWTH PRAXIS managers kept zeroing out my balance!
I do not recommend you to trade at growthpraxis.com! They have terrible support - they only respond after a few days, if they deign to respond at all :( Also there are often problems with withdrawals, I was $1800 short when withdrawing crypto and I don't see a way to resolve this.
I can't say I was enamored with the professionalism of the team or the level of service culture. Overall, my experience was average and I experienced neither positive nor negative emotions from working with Growth praxis. I didn't see much efficiency in the broker, to be honest. The terminal is moving, I close trades more often with a small profit, but sometimes in the red, so I have almost no income. It's good that these are not obvious scammers who force a trader to drain the entire deposit in three days, and thanks to the broker for that. It is possible that I would have traded with the highest profits at this broker's competitors...
I had a negative experience with these crooks, after which I completely lost interest in trading and trust in brokerage companies. I think I will be haunted for the rest of my life by the fear of being scammed again because I lost over $53k here. As for the specific way of scamming traders at growthpraxis.com - it is imitation of the trading process and constant luring of large sums of money for replenishment. As soon as the scammers got the maximum deposit from me, they started to prevent me from trading with profit, and I lost almost half of my deposit within a week. The broker does not withdraw the remaining money categorically. I did not manage to get back a dime of the invested funds. This is such a fraudulent scheme of deception this pseudo-broker uses...
The service is a complete nightmare. Slow support and constant delays in withdrawals are on this site. I lost all my money, more than €15k, because of the incompetence and irresponsibility of the employees of this company. Not recommended!
It's been a long time since fraudsters have scammed me so brazenly! I, a fool, believed these scammers from growth praxis, who told me for a long time about the possibility of trading with big profits in currency pairs, gold, and other assets. The first slippage happened to me down 3% in the euro-dollar pair, and then another 7%, and 9% on crypto, and also the percentages were quite impressive on other assets, even on metals, and this market is more or less established. In short, it's a scam that will wipe out your balance in a short period. I lost almost $16k in just one month!!!
I saw a couple of times on social networks praise for this firm, which interested me and I decided to look at this terminal. However, I did not register on growthpraxis.com, as I immediately realized that they are scammers. Their website is poorly made, and some information on it contradicts other information. Scammers write that the firm is registered in England, and on the next page they offer leverage from 1:400. The year of foundation is not specified, and there is no copy of the license... In a word, this is a blatant scam! These clowns collect fools with a lot of money...
I have been working with this intermediary almost since the very beginning of this platform and have had no problems in all that time. On growthpraxis.com I found a stable platform, opening and closing orders without problems, real market quotes, many assets for trading. The terminal is simple, I figured it out immediately on my own thanks to the intuitive functionality. There are a lot of markets, it will not be difficult for you to choose the right one for your strategy. I am glad that there is a large leverage, with which I can trade on very low volatility instruments and get a stable profit of at least 2,000 dollars a month. I plan to cooperate with Growth Praxis for quite a long time because I have never once had any doubts that they can be trusted. I have withdrawn profits many times and have always received the funds in full quickly.
I decided to do trading for the first time in my life and chose growth praxis. It was my terrible mistake! The broker immediately HELPED me spend most of my deposit, I didn't even realize where £8,000 of the £12,000 I had invested disappeared to! I consulted with a few trader friends who have a lot of experience in this environment and they said that I should withdraw the rest very quickly. I made an application but all in vain! These crooks never withdrew my money and they blocked my account almost immediately!
I have a positive opinion of this broker. The service gives easy access to the platform from any computer, as well as a variety of tool options. Customer support is competent and friendly. The process of deposit and withdrawal of funds is timely and corresponds to what is written in the regulations. Growth Praxis has many advantages. Another advantage is the very good performance of the platform. The speed of order execution is high, and you can actively trade manually, without robots. There are no platform crashes here, but stop orders sometimes trigger with slippage. However, these problems are technical and typical for many companies, so it cannot be said that this broker's work is bad. By and large, the broker works honestly, so I am satisfied with this platform.
I quickly realized that trading Forex with such a dubious broker would only bring me losses, not profits. I don't know what to do now - these crooks stole all my money in trading on EURCAD and EURAUD pairs, quotes were some arbitrary and always trades went in the red. I was constantly losing my balance with GROWTH PRAXIS - as soon as I started to gain trading momentum and gradually reached a decent profit of 600 dollars per week, and sometimes more, so immediately the quotes went down and I started to lose my balance. For example, as soon as I accumulated a profit of 800 dollars, I lost 1,850 dollars in one day because of the unstable work of the terminal. I can call it a SCAM. Now I'm thinking that it's time to report to the police on these crooks, who eventually blocked my account as a result of my complaints to the support, because time passes and I can not get anything from these fraudsters.
This broker is unscrupulous! You should not cooperate with it if you value your money! GROWTH PRAXIS does not withdraw clients' funds, citing unearned bonuses. I had about 7,000 dollars in my account, but I could not withdraw it for this reason! First, the admin canceled the withdrawal request, and then the support operator told me I had to pay a commission. That is, I am obliged to transfer money to them again! This is blatant rudeness and disrespect to customers, this is a scam, and real criminals are running the platform!!!
I have been working with this company for only the second month, but during this time I have formed a rather favorable impression of Growth Praxis. Here there are narrow spreads, orders are executed quickly, and I have never seen such low commissions on Forex as on this platform. In general, the conditions for trading are very good, but you can start trading only with a large amount of money, if you have it at the time of joining the project. I think that the only drawback is the lack of a training program. It will be difficult for beginner traders, although they will probably be frightened by the large entry amount. However, in my case, all these factors did not play any role, because I already have some experience in trading.
This broker has a lot of disadvantages. The platform crashes at any volatility, causing you to lose your deposit. I reduced my balance today by almost 20% literally in an hour... Beginners will have a hard time setting up their trading here, you will have to get into the work of the trading program for more than one day :( Tech support is very slow, if you write them a question, they will definitely not solve anything right away, and you will always have to wait a very long time for an answer.