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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