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Broker violations and abnormal records
- Nov 25, 2025 The NZ FMA issues a warning against GroveForex Trading
On Nov 26, 2025, the New Zealand Financial Markets Authority (NZ FMA) added GroveForex Trading to its warning list, stating that this is a fake investment platform. https://www.fma.govt.nz/library/warnings-and-alerts/fake-investment-platforms-2/
On Nov 26, 2025, the New Zealand Financial Markets Authority (NZ FMA) added GroveForex Trading to its warning list, stating that this is a fake investment platform. https://www.fma.govt.nz/library/warnings-and-alerts/fake-investment-platforms-2/
- Dec 07, 2025 BrokersView has reviewed that GroveForex Trading is an unregulated broker
According to its website, it claims to be registered in Denmark. Upon investigation, no matching information was found in the Finanstilsynet, Denmark (Danish FSA). In addition, the New Zealand Financial Markets Authority (NZ FMA) added GroveForex Trading to its warning list, stating that this is a fake investment platform.
In fact, GroveForex Trading is not regulated by any authority. Therefore, GroveForex Trading is a scam. 
According to its website, it claims to be registered in Denmark. Upon investigation, no matching information was found in the Finanstilsynet, Denmark (Danish FSA). In addition, the New Zealand Financial Markets Authority (NZ FMA) added GroveForex Trading to its warning list, stating that this is a fake investment platform.
In fact, GroveForex Trading is not regulated by any authority. Therefore, GroveForex Trading is a scam.
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