GROWEDGE Review (spot.growedge.co scam)
- luiweis
- Aug 15
- 3 min read
Updated: Aug 20
Introduction
In this review, we take a close look at Growedge and explain why we strongly advise against trading with this broker. If you’re searching for a reliable trading partner, this analysis will help you understand the risks of dealing with unregulated platforms like Growedge.
Is Growedge Trustworthy?
After analyzing their website, it becomes clear that Growedge is not regulated by any recognized financial authority. This fact alone is a huge red flag. A broker without oversight means there are no protections for clients, and if things go wrong, there is no regulator to hold the company accountable.
On top of that, Growedge partners with websites offering so-called “automated trading software.” These platforms are widely known for fraudulent activity, which only raises further concerns.
In short, Growedge operates as another unregulated forex broker, leaving investors exposed to significant risks and potential losses.
How the Scam Usually Works
The approach is typical for offshore and unlicensed brokers:
Aggressive sales tactics – clients are persuaded over the phone to make a small initial deposit with promises of quick profits.
Retention stage – once you deposit, you are handed over to a more experienced “retention agent,” whose job is to push you into investing more money.
Too-good-to-be-true offers – doubling deposits, guaranteed daily income, or other unrealistic claims.
Withdrawal issues – requests to withdraw funds are deliberately delayed for months, eventually making it impossible to claim a chargeback.
It’s also worth noting that positive reviews online cannot be trusted. Many of them are paid promotions designed to create a false sense of credibility.
Withdrawal Problems
If you attempt to withdraw funds, you’ll likely encounter endless delays. Even if you are only asking for your own deposit back, Growedge makes the process nearly impossible.
For clients who signed a Managed Account Agreement (MAA), the risks are even higher, since this contract essentially gives the broker free control over your account — often resulting in a total loss of funds.
How to Recover Your Money from Growedge
If you have already deposited money with Growedge and they refuse to return it, there are still actions you can take:
Keep all evidence – save emails, chats, and any communication proving you requested a withdrawal.
File a chargeback immediately – contact your bank or card issuer, explain that you were misled by an unregulated broker, and request a chargeback. This is the most effective step and also the one that hurts the broker’s payment channels the most.
Seek professional help – if you don’t know how to properly build your case, you can contact contact@freetrade-radar.info for assistance.
If you paid via bank transfer
Unfortunately, wire transfers don’t allow chargebacks. In this case:
Notify Growedge that you will file a complaint with authorities.
Draft a formal letter or email to your country’s financial regulator describing the fraud.
Show Growedge the prepared complaint to pressure them into considering a refund.
Support with this process is also available via contact@freetrade-radar.info.
Spread the Word
Another effective way to fight back is by warning others. Leave reviews on independent sites and forums, describing your experience with Growedge.
Be especially cautious if they contact you again from a “new website” — scammers often rebrand and approach old clients. Sharing such information can help expose them further.
Final Thoughts
Our investigation makes it clear: Growedge is not a safe broker. They are unregulated, use manipulative sales tactics, and create constant obstacles for clients who try to withdraw their money.
Recommendation: Avoid Growedge at all costs. If you have already invested, act quickly to recover your funds through a chargeback or by reporting them to the relevant authorities.
For personal guidance with withdrawals or building your case, you can reach out to contact@freetrade-radar.info.
Always trade only with transparent, regulated brokers that offer real investor protection.
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