The FX brokerage provider LV Grow Markets gives an assortment of trading instruments on an exceptional online trading terminal. It gives access to Basic, Bronze, Silver, Gold, and Platinum accounts. The leverage provided is high and of 1:500. This scam broker review will assist you with an understanding of LV Grow Markets and its offerings.
About the LV Grow Markets:
As we examined, LV Grow Markets offers an assortment like FX, numerous products, plenty of indexes, numbers of stocks, and the number of cryptos. In any case, the truth of the matter is LV Grow Markets is unlicenced and consequently unreliable. The leverage offered of 1:500 and is high. There is an immense hazard related to high leverage.
Arrow Capital LTD, Vanuatu is the owner of LV Grow Markets situated in Oceania. The site neglects to give or specify any administrative body, far and wide, that is managing this firm. Likewise, the authority called Vanuatu Financial Services Commission doesn’t recognize LV Grow Markets. This is sufficient to state that this broker isn’t authorized. We have gone over a few such deceitful dealers throughout time. This indicates that all the investments of the traders are at high hazard. It is additionally essential to make reference to that such scam brokers are barred from the controlled markets. The Austrian financial regulator FMA has boycotted LV Grow Markets.
The LV Grow Markets’ site does not have any information on the trading environment. There is also no mention of spreads, minimum investment, and pertinent commission which blocks the straightforwardness of this broker. It additionally shows that there is an absence of responsibility from the broker’s side about the security and wellbeing of the trader’s assets. Also, LV Grow Markets lacks a demo account. The LV Grow Markets offers a doubtful and complicated online trading terminal. Moreover, on opening real accounts one can see the capped high spread of 3 pips on dollar/euro FX pair.
There are many expenses and accuses are related to the LV Grow Markets like 3.5% of withdrawal charges, 0.05% of profit clearance fee each time. Additionally, a $200 dormant charge for the two months latency.
Is LV Grow Markets scam or legit?
The low credible LV Grow Markets has the FMA warnings against it. It operates in a misty trading environment. Additionally, the expense of trading at LV Grow Markets is exponentially high. Also, there are tremendous expenses and charges applied once in a while. Unfortunately, offshore and unlicensed nature aggravates it. The trader’s investments are at the hazard and one ought to maintain a strategic distance from this potential scam broker.
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