LV Grow Markets (Lvgrowmarkets.com) is a CFDs, Crypto Currency, and Forex scam to hit the trading world. LVGrow Markets is purporting to offer traders a chance to grow their finances with them. LVGrowMarkets is another lame online investment scam platform targeting unsuspecting online investors. And this is one of the many reasons we decided to expose their scam tricks. Read this detailed LV GROW MARKETS Review and find out more.
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After receiving numerous email complaints from members of this platform, we had to investigate. How can over thirty members be having problems with the same old withdrawal issues? Whatever the problem is, we need to expose LV Grow Markets for their ridiculous platform. LVGrowMarkets is openly refusing to allow members to withdraw funds from their platform. And this is the reason why we have to expose this and any other platform with same characteristics.
Scam artists have made it their business to steal from unsuspecting investors. We feel it is our duty to expose these scammers before they tarnish the good trading name. A good place to begin is by clearly indicating that the scammers have used a cloned website. What these scam artists have done is design a website which looks like a valid trading website. In truth, they have simply posted empty claims and promises to target unsuspecting online investors. Read more and find out some of the tricks used by these scam artists.
Disclaimer at the footer of the homepage claims this platform is owned by Arrow Capital Ltd. To check the credibility of this company, we checked their registration status. All company registers we contacted have not licensed this company. Another huge mistake with this platform is in regards to where they are based. They claim to be registered in Sofia, Bulgaria which is not true. LV Grow Markets is simply based offshore.
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Anonymity is a scammer’s best friend and this is clearly shown with this website. No one knows who actually owns this website. Who are the founding members of this platform? Can we get the names of the people running this website? Dealing with anonymous platforms is the first step to losing all your funds. Stay away from LVGrowMarkets as they are unknown and with no solid reputation.
LV Grow Markets is not licensed or registered by regulatory body that we know of. To confirm their registration details, we contacted leading regulatory bodies. Some of them include ASIC, COSNOB, CySEC, FCA, NFA, and SEC. As this broker claims to be based in Bulgaria, you would expect regulation from Bulgaria. Sadly, the Bulgarian regulatory commission does not recognize this platform. And this is proof we are dealing with a rogue and unlicensed online platform.
What about why they have failed to post any copies of their registration details? A real broker will post copies of their licensing details for all to see. By doing this, they show transparency and gives users a chance to check the registration details. Failure to post these documents is proof we are dealing with rogue brokers. Stay away from any unlicensed broker as they are most likely a scam. LVGrow Markets is about to shut down once they get their pockets full of investors’ funds.
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Sadly, we could not come up with any advantage of dealing with this platform. Due to their inability to offer honest and safe trading conditions, we must flag them as a scam. Stop any deals you have with this platform as you are most likely falling for their traps. Calls from their call agents means you have already given them your contact details.
LV Grow Markets is furnishing users with five different account types to choose from. Accounts are named Basic, Bronze, Silver, Gold, and Platinum. What we immediately notice with these accounts is lack of proper valuable information. What is the minimum required deposit to start trading with this platform?
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When it comes to depositing funds, the platform has this area well covered. Some of the depository channels include BPay, MasterCard, Neteller, Wire Transfer, and others. Account funding is easy and fast with a maximum of five minutes to deposit funds. What still remains to be a huge problem is withdrawals. Withdrawing funds with this platform is next to impossible and is a big bone of contention. None of the members we contacted has been able to withdraw funds with this platform.
Another huge issue we have with this platform is with their fake testimonials. Testimonials from Mike Forrester, Rashid Singh, and Antonia Lopez are simply doctored. Notice these testimonials don’t have pictures to match the people claiming to use this platform? What about the fact that there is no positive comment from any trader? And this is why we are stressing LV Grow Markets is simply a fake platform. Dealing with this platform is simply a way of throwing money away.
LVGrowMarkets is using MT4 as their tool of trade. Throwing away your funds is easy, simply use their unstable platform. MT4 has been known to be the best trading platform; sadly, LV Grow Markets doesn’t secure the platform. Another issue we noticed with their platform is lack of proper SSL Encryption. Without proper encryption, hackers can easily take over this platform and steal important information.
How can funds be safe with a platform which lacks DDoS encryption? Did you know these scam artists have hidden important information from users? What these scam artists are doing is fail to give members information regarding banking. Who is responsible for handling funds? Which bank do they use to store funds deposited by members? And these are some of the troubling issues with this platform.
LV Grow Markets is a scam and victims are coming out each day. Make sure you mark all their emails as spam and never click on any links sent. Whoever signs up with this platform is opening themselves up to huge risks. Warn your family and friends from joining any of their affiliate programs.
We will be adding this platform to our scam list and to protect our readers. Signing up with this platform will only lead to more losses.
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Wishing all investors a safe trading experience.
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