Comprehensive Review of Groshare Limited

Groshare Limited provides access to both margin and spot trading. Their additional services include bonus offers, investment portfolios, and educational content. However, the trust level in the project is low, resulting in predominantly negative client feedback. This review will explore whether the company can be considered a scam.

Highlights

Key Trading Features

Groshare Limited focuses on classic trading, but the range of financial instruments depends on the account type. The following account types are provided: Bronze, Silver, Gold, and Diamond+.

The minimum deposit amount required on the platform is $100, while the minimum to activate a trading account is $2,500. The company offers leverage as high as 1:200, but since it’s not officially regulated, these are arbitrary leverage levels that raise some red flags with regard to proper risk management.

The platform boasts of instant execution of trades with spreads from 0.7 pips. With larger deposits, the variety of assets and customer support reportedly becomes wider and round-the-clock, respectively.

There is also a savings account on offer that promises returns of between 9% and 18% over some time. Their investment portfolios boast ‌deposit insurance and asset management, promising an opportunity to create fixed income.

However, there are some critical disadvantages, including large sizes of minimum deposit and spread. Moreover, the administration hides real trading conditions that allow manipulating trades even via a web terminal.

Overview of Available Trading Instruments

Groshare Limited claims to provide access to various financial instruments, including currency pairs, indices, commodities, stocks, and cryptocurrencies. The standard asset pool for the basic account, the Bronze one, which requires a $2,500 minimum deposit, is limited to 50 units.

Even though the company does not issue risk warnings, it relies heavily on CFDs. Besides, the web terminal used allows for managed trades, which greatly increases the chances of losing invested funds. The probability of losses is reported to exceed 85%.

Trading Platform Analysis

The founders of Groshare Limited offer only WebTrader for conducting any trade. The main features of the platform are fast execution, different features to help you trade, and for new traders, training guides are highlighted on this trading website. Meanwhile, there is no licensed trading software or mobile application available.

The main drawback of the platform is its lack of liquidity, which allows the company’s managers to manipulate trades unilaterally, gradually depleting user balances. Users are unable to integrate indicators or utilize oscillators, further limiting the platform’s utility.

Additional Services

The dealer provides additional services in the form of educational content for beginners — a trading academy and a glossary. Users are also provided with news articles, an economic calendar, a profit calculator, and a currency converter.

The company advertises some kind of bonus system: when users top up their accounts for the first time, up to $1,000 is credited to their accounts. No referral program is available, carrying privileges or rewards for ‌users.

Fee Structure

Groshare Limited charges trading fees ranging from 1% to 7%. However, the exact commission structure applied to the various accounts is not provided. As mentioned earlier, the company has a dubious reputation, so it is not recommended to trade with them and make any profit. Also, contradictory information about fees on different pages of their website diminishes trust even more.

Although managers refer to a document called “Charges and Fees,” they do not provide links to any such documents. This lack of transparency is concerning, as the administration does not disclose information about deposit and withdrawal fees, as well as possible account maintenance and inactivity fees.

Legitimacy of Groshare Limited

The regulation section is present on the broker’s website but only with some superficial descriptions and without links to some official registry pages. Moreover, there is no specific information about the company’s registration as a legal entity.

However, in the contacts section, the founders indicate office addresses in London and Warsaw. Nothing is easier than checking the relevant company registries. The Polish register does not contain information about Groshare Limited, while the British one does list such a legal entity. The problem is that it was registered back in 1962 and, judging by the records, belongs to the Freshwater family. It is extremely unlikely that this organization is related to the website we are considering, especially since the British FCA did not issue it a brokerage license.

So, Groshare Limited is not controlled by any supervisory authority, either in Europe or anywhere else. It is not licensed by any reputable top-tier or even a third-tier offshore regulator. The lack of oversight means huge problems for traders if they need to withdraw money. Such requests will be automatically declined, and ‌accounts might also be blocked with no legal way to get them back.

Company History

Groshare Limited has been operating since 2024. The founders of the brand registered the domain in November 2024, which is already a huge red flag testifying to the company’s low reliability. Thus, all messages about the brand’s successes and benefits look like manipulation.

The official website has an “About Us” section, but instead of real information, there is some common text that is intended to persuade beginners to work with the company.

Conclusion

The dealer operates illegally in Europe and has earned a bad reputation; moreover, he hides behind a stolen brand. Trading conditions are unprofitable, and this web terminal is used to manipulate people.

Weighing the Pros and Cons

Common Questions