Abstract:Growinn Trader, a trading name of GROWINN TRADERS LLC, is allegedly a financial company founded in 2021 and registered in Saint Vincent and the Grenadines that claims to provide its clients with the industry-standard MetaTrader5 trading platforms.
Note: For some unknown reason, we cannot open Growinn Traders official site (https://growinntrader.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
Growinn Trader, a trading name of GROWINN TRADERS LLC, is allegedly a financial company founded in 2021 and registered in Saint Vincent and the Grenadines that claims to provide its clients with the industry-standard MetaTrader5 trading platforms.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.
As for regulation, it has been verified that Growinn Trader does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.14/10. Please be aware of the risk.
Trading Platform Available
The platform available for trading at Growinn Trader is the leading MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Customer Support
Growinn Trader‘s customer support can be reached by email: info@growinntrader.com. Company address: Suite 305. Grif6th Corporate Centre. Kingstown, St. Vincent and the Grenadines. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
ICE Futures U.S. recently announced the settlement of charges against StoneX Financial Inc. related to potential violations of the Exchange Rule, which prohibits trade practices such as wash sales and prearranged trades. These charges were connected to an incident that occurred on April 27, 2023, where an employee of StoneX allegedly placed opposing buy and sell orders in the Cocoa Futures spread market.
The Labuan Financial Services Authority (LFSA) has introduced new restrictions on locally regulated forex and contracts for differences (CFDs) brokers, limiting their offerings to currency-related instruments such as spot FX and CFDs on foreign exchange.
Gold has surged to a record high of $2,625.89 an ounce, driven by trader expectations ahead of significant U.S. economic data that could signal whether last week’s 50-basis-point interest rate reduction by the Federal Reserve is the start of a series of aggressive cuts. This latest increase marks a 0.2% rise, eclipsing the previous record set just days ago.
Choosing a reliable broker is crucial for successful trading. The Financial Conduct Authority (FCA) in the UK is renowned for its stringent regulatory standards, ensuring that brokers adhere to high levels of professionalism and security. Based on WikiFX evaluations, here are the top five FCA-regulated brokers that stand out for their reliability and performance.