Ready to unlock your potential in trading on financial markets? Looking to gain everything you need for maximum efficiency: 550+ trading instruments, the best trading platform, and professional support? In this Groshare Limited review, we’ll tell you about a company that’s eagerly waiting for a positive answer to these questions. But don’t be fooled — there’s nothing real in their offers, and any money sent to their accounts will be immediately pocketed by scammers. Want proof? Keep reading the materials below.
Key Features
- Company Name: Groshare Limited
- Website: https://groshareltd.com/, https://grosharelimited.com/
- Available Contacts: [email protected]; +48573588507, +48573588508
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: $2,500
From Sign-Up to Payout
The design of Groshare Limited’s official website raises almost no complaints. The template is decent, the choice of colors is appropriate, and the pages are optimized for smooth loading, which shows that some effort went into this aspect.
Unfortunately, the same cannot be said about the content managers. The website’s content and functionality leave much to be desired. Consider the following points:
- What can be said about the available markets when each product page offers no more than a couple of sentences for each asset category? What impression does it leave on traders who find the Spreads & Conditions table lacking crucial details like spreads and other essential trade parameters? And what does it say about the broker’s professionalism when they advertise a maximum leverage of 1:200 but list only 1:20 in the same table?
- Can you trust a company that boldly claims to be “Licensed and Regulated” on its About Us page without mentioning the regulator or license numbers? Especially when no other relevant company details are published.
- Should a company that provides a vague “Progress Bar” after a payment form submission be considered transparent? What is being sent and to whom remains unclear. We assume that a support message is being generated, prompting the team to send payment details to the user. Is this the behavior of a legitimate firm?
- How credible is a broker that states on its homepage that 550+ assets are available, yet claims over 1,000+ in its account types section?
This list of inconsistencies could go on indefinitely. Even without further details, it’s clear that Groshare Limited isn’t a legitimate broker but rather a pseudo-company masquerading as one. A legitimate business would never treat its online presence with such neglect.
Our Trading Experience With Groshare Limited
It would be naive to expect Groshare Limited to refrain from praising its trading platform. Predictably, the broker boasts about cutting-edge technologies, exceptional analysis tools, and ultra-fast order execution (under 10 milliseconds). Naturally, we were curious to test this supposedly remarkable software.
You can imagine our disappointment when we encountered the familiar, albeit updated, web version of the terminal from Easy Technologies. Sure, it looks fine, still supports multi-chart mode, and allows one-click trading.
However, we’re well aware of the platform’s numerous drawbacks, most of which the developers have yet to address:
- Users cannot create a custom watchlist of symbols for market monitoring. Instead, they’ll waste valuable time searching, losing both opportunities and money in fast-moving markets.
- Traders who rely on graphical tools for analysis will struggle with the platform, as only four objects are available. This may force them to rethink their trading strategies, potentially leading to less accurate analysis or even losses.
- The platform still doesn’t support custom indicators or automated trading systems. Traders relying on unique strategies will have to abandon them altogether, making auto-trading impossible.
In short, the platform still falls far short of MetaTrader or cTrader. However, it seems that this “Licensed and Regulated” broker cannot afford a proper trading server. Why? Because they’re not sold to unregistered companies, and White Label services are no longer supported.
Alternatively, the reason might be that Easy Technologies allows server administrators to manipulate price feeds at will. What scammer would pass up that opportunity? And what trader would feel comfortable with it?
Naturally, the trading conditions offered by Groshare Limited also piqued our interest. However, the broker provided shockingly little information.
On the account types page, the company lists only:
- The minimum deposit amount.
- The lot size.
- The maximum bonus in dollars.
No further details about trading parameters are provided.
In the Products section, there’s a table labeled Spreads & Conditions. Based on the title, traders might expect some details from the contract specifications. However, as previously mentioned, there’s no information about spreads, and the only useful detail provided is a uniform leverage of 1:20 for all instruments. But can even this data be trusted? We’ve seen at least three different leverage figures: 1:20 in the table, 1:100 in the terminal, and 1:200 on the page headers.
Note. Users have pointed out that Groshare Limited isn’t known for its generosity. For example, the minimum deposit to start trading is $2,500, while the most “generous” bonus of $1,000 is only available for deposits of $50,000 or more. A 2% bonus — what an incredible offer! Surely, clients from around the world will rush for such payouts.
The broker also offers another account type, the Savings Account. It seems the company accepts user funds for management and pays returns of 9-18% monthly. Additionally, they claim to guarantee the security of client funds and insure deposits. However, they’ve chosen not to disclose the names of guarantors or insurers.
In summary, Groshare Limited operates using classic scam tactics: hiding as many trading conditions as possible from traders. Their motivation is clear — to ensure clients lose as much money as possible in their initial trades.
The Reality Check
On its contact page, Groshare Limited lists two office addresses — one in the UK and one in Poland. It seemed logical to check their registration in these countries.
We started with the Polish business registry since the support phone numbers use Polish country codes. However, the company wasn’t listed there. When we checked the UK Companies House database, we had more luck. A company named Groshare Limited was indeed found.
It was registered in 1962, with its main line of business being financial intermediation (SIC 64999). This means the company has been in existence for 62 years and remains active to this day. However, financial statements from the real firm reveal that its total assets have remained unchanged for at least a decade — since 2014 — at approximately £44,000. For an active broker facilitating trading operations, this amount is negligible. The notion that a profitable dealer would fail to grow its asset base over time is simply unbelievable.
A check of the FCA (Financial Conduct Authority) database revealed that Groshare Limited is not authorized by the regulator. In other words, the company does not have a license to provide brokerage or dealer services.
What this means:
- The company has no official registration. The name Groshare Limited, belonging to a legitimate entity, is being used unlawfully to give an illusion of legitimacy.
- The fake firm has never obtained and cannot obtain any licenses. This means that offering online brokerage services is entirely illegal.
- A non-existent company cannot open corporate accounts or payment cards. Naturally, it has no legitimate banking details, and non-trading operations are likely conducted either in cryptocurrencies or through personal accounts/cards (often belonging to money mules).
How Long Has Groshare Limited Been in the Game?
As we mentioned earlier, Groshare Limited provides no information about its history. Meanwhile, the legitimate company whose name has been unlawfully appropriated is over 60 years old. To clarify matters, let’s examine domain registration details using the WHOIS service.
According to WHOIS, the domains groshareltd.com and grosharelimited.com were registered in late November 2024. In reality, this so-called firm has only been around for about a month and a half. This is yet another indication that the broker failed to establish a convincing backstory, and it crumbles under even minimal scrutiny.
Note! On its homepage, Groshare Limited displays some alleged statistics, such as 700,000+ partners. Achieving this over 60 years might be plausible, but it is outright impossible in just 1.5 months. Thus, this information is entirely false.
Extra Fraud Indicators
Another piece of evidence pointing to the company’s short lifespan is the extremely limited number of Groshare Limited reviews available online. So far, only a handful of mentions can be found, all posted on niche portals.
Experts have dismissed the firm’s fabricated backstory and reached a unanimous conclusion: this platform operates without registration or licensing and was undoubtedly created by scammers. The likelihood of fraud is extraordinarily high, and the project is strongly recommended to be avoided.
Is Groshare Limited the Right Fit?
We have no doubts that this broker is yet another scam project. In our Groshare Limited review, we demonstrated that the company is not registered anywhere, lacks a license, and operates illegally. To deceive users, this fraudulent company falsely presents itself as a legitimate UK-based firm. Scammers publish fake information and hide critical details from traders. To avoid losing your money, we recommend following the advice of our colleagues on specialized sites and staying away from this platform.
Even during my initial interactions with their support team, I suspected that something wasn’t right with Groshare Limited. The staff couldn’t answer basic questions about the company’s brokerage license or registration. When I asked them to email me scanned documents proving the service’s legality, they told me to check Polish registers myself but failed to provide any specific details (registration number, document date, etc.). By the way, no information about the firm was found in the Polish register. Moreover, they refused to clarify the terms of service, simply referring me to the user agreement, claiming everything was there. In other words, they sent me packing. If the company’s staff treats potential clients this way, what can you expect after you pay them? No, this is definitely not for me. I’m not dealing with such scammers under any circumstances.
I’m sure I’m not the only one who fell victim to the scam company Groshare LTD. They aren’t even pretending to play fair. They manipulate the trading terminal, so profitable trades are out of reach (except perhaps at the start, when they try to hook you into depositing more money). They stole $12,000 from me, causing an almost instant loss (within just a few hours). On top of that, part of the account balance was deducted without explanation, allegedly as payment for insurance and fees. Despite numerous emails to customer support, I couldn’t get any clarification. My messages were simply ignored. I deeply regret getting involved with these scammers and strongly advise others not to repeat my mistake.