ANSWER Dear Investor,
GrownitFX is not a trustworthy broker as it does not hold a valid Forex brokerage licence.
It claims to be operated by Grownit Fx Limited, which is merely registered with the Saint Lucia International Financial Centre (IFC). While we can confirm that a company with the same name is registered with the Saint Lucia IFC, this registration merely grants it International Business Company (IBC) status, which is not a valid financial licence. The IFC neither regulates nor licenses forex trading activities.
Furthermore, GrownitFX does not claim to be licensed by any recognised financial authority. It is highly likely that it has not acquired any and is operating as a fraudulent broker. We therefore strongly advise you to avoid trading with GrownitFX in order to protect your funds.
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