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INSTANTGROW

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Operating status: SCAM

Website: https://www.instantgrow.cc/

Broker violations and abnormal records
  • Oct 19, 2023 The FCA issues a warning against INSTANTGROW

    On October 20, 2023, the Financial Conduct Authority (FCA) issues a warning against INSTANTGROW, saying it is an unauthorized firm illegally targeting British citizens. https://www.fca.org.uk/news/warnings/instantgrow

    On October 20, 2023, the Financial Conduct Authority (FCA) issues a warning against INSTANTGROW, saying it is an unauthorized firm illegally targeting British citizens. https://www.fca.org.uk/news/warnings/instantgrow
  • Oct 23, 2023 BrokersView has reviewed that INSTANTGROW is an unregulated broker

    INSTANTGROW fails to disclose its regulatory information, which is a significant scam indicator.

    This platform conceals details of its actual operator and only gives an address in the UK. It even lacks the essential phone line for investors to reach out to its team. As for the address it provides, it seems to be shared by many companies.

    While it is allegedly in the UK, it doesn't comply with regulations. It fails to seek authorization from the Financial Conduct Authority (FCA) and is illegally soliciting investors in this country. Therefore, the FCA issued a warning against it.

    In essence, INSTANTGROW is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    INSTANTGROW is unequivocally a scam.

    INSTANTGROW fails to disclose its regulatory information, which is a significant scam indicator.This platform conceals details of its actual operator and only gives an address in the UK. It even lacks the essential phone line for investors to reach out to its team. As for the address it provides, it seems to be shared by many companies.While it is allegedly in the UK, it doesn't comply with regulations. It fails to seek authorization from the Financial Conduct Authority (FCA) and is illegally soliciting investors in this country. Therefore, the FCA issued a warning against it.In essence, INSTANTGROW is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. INSTANTGROW is unequivocally a scam.

Related Complaints

Q&A

Is INSTANTGROW a scam?

AMusafir
Estonia
Nov 16, 2023
ANSWER Yes, INSTANTGROW is a scam.INSTANTGROW lacks transparency in disclosing regulatory information. The platform obscures the identity of its actual operator and only provides a UK address, which appears to be used by multiple companies. It does not offer a crucial phone line for investors to contact its team.Despite claiming to be based in the UK, INSTANTGROW does not adhere to local regulations. It has not sought authorization from the Financial Conduct Authority (FCA), and is unlawfully soliciting investors in the UK, leading to a warning issued by the FCA.In summary, INSTANTGROW is not overseen by any regulatory body. Investing with this broker poses a high risk due to the absence of legal protections to secure investors' funds. We suggest investors opt for fully regulated brokers to minimize the risks of falling victim to fraud.
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