An investor needs to know about a broker before starting to trade with a new fx broker or any other trading platform. If you are planning to trade with Growthalliance Ltd, you should read this comprehensive Growthalliance Ltd review. Scam Help Center Team suspects Growthalliance Ltd as a fraudulent broker. Read the details here.
Website – https://www.growthalliance.ltd/
Website Availability – Yes
Address – Bleicherweg 30, 8002 Zürich
Blacklisted Status – Swiss Financial Market Supervisory Authority (Switzerland)
Domain Age Information –
- Domain Name: growthalliance.ltd
- Registry Domain ID: 6bb3ac42f6624a26a1c96397e3da12ee-DONUTS
- Registrar WHOIS Server: whois.PublicDomainRegistry.com
- Registrar URL: http://www.PublicDomainRegistry.com
- Updated Date: 2024-03-31T11:41:45Z
- Creation Date: 2023-02-15T11:40:55Z
- Registry Expiry Date: 2025-02-15T11:40:55Z
Fraudulent Conduct by Growthalliance Ltd Broker
Growthalliance Ltd is currently under suspicion for potential fraudulent activities. The company’s website, growthalliance.ltd, is operational, but it has raised red flags among financial regulators. Located at Bleicherweg 30, 8002 Zürich, this entity has been blacklisted by the Swiss Financial Market Supervisory Authority (FINMA), which indicates serious compliance issues. Investors are urged to exercise caution and conduct thorough research before engaging with this company, as the risk of financial loss may be significant. Always verify the legitimacy of investment opportunities to protect your assets.
Negative Reviews and Red Flags
An important factor in evaluating Growthalliance Ltd’s reliability is the prevalence of negative reviews across various platforms. These reviews often highlight issues such as withdrawal problems, unresponsive customer service, misinformation, and clear signs of Romance fraud and other fraud. Given the numerous negative reviews that underscore the risks of trading on this platform, prospective investors are urged to exercise caution and consider more trustworthy forex trading brokers from the genuine forex brokers list.
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The Role and Importance of Regulatory Warnings
The most significant indicator of potential deceit is the lack of regulatory supervision, either completely or insufficiently. Regulatory bodies such as the SEC, FCA, FINMA, ASIC, BaFin, FMA, CONSOB, and others issue warnings against unlicensed brokers operating without recognized financial norms. Examine the regulatory warnings to confirm the legitimacy of Growthalliance.ltd’s operations and the safety of investor funds.
Having a regulatory license adds another level of safety for traders by guaranteeing that the broker complies with strict guidelines including sufficient capital, transparency, and ethical conduct. It gives investors a safety net in case of disagreements or misconduct, which is lacking when working with unregulated businesses. In a Growthalliance Ltd review, the importance of choosing a licensed broker is often highlighted due to these safeguards.
Why Should You Avoid Trading with Unlicensed/Unregulated Brokers?
Due to the high risks involved, trading on an unregistered broker’s platform is not recommended.
- Money might not be separated, which would make it more susceptible to loss in the case of the broker’s bankruptcy or financial mismanagement.
- Transparency is sometimes lacking in operations, which leaves traders vulnerable to false information and unstated costs.
- The entire trading experience is undermined by generally worse service quality, poor customer assistance, and antiquated trading systems.
- Selecting a registered broker guarantees compliance with regulations that protect investors and advance a safer and more open trading environment.
Other possible fraudulent activities of Growthalliance Ltd broker
Growthalliance Ltd seems not fair to the investors as they complain about the withdrawal issues, unfulfilled bonus policies, and other assured benefits
Growthalliance Ltd offers assets that are highly risky and result in huge losses for investors.
Growthalliance Ltd sales staff continues to call the investors and force them to invest more and more money.
Final Conclusion- Is Growthalliance Ltd a fraudulent or legit broker?
Given the regulatory warnings and negative Growthalliance Ltd reviews, this situation suggests it may be a potential scam. Investors are advised to exercise extreme caution and consider choosing forex trading platforms with proper regulatory licenses and a strong reputation in the trading community.
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Got Scammed by Growthalliance Ltd? Scam Help Center Is Your Solution for a Refund!
For victims of Growthalliance Ltd, getting help through platforms like the Scam Help Center is important. If you suspect deceit, filing a chargeback might help you get your funds back. To successfully enhance your case and speed up the recovery procedure, take immediate action and document everything thoroughly.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
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