LV Grow Markets is an offshore Forex CFD broker that opened in April 2019.
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LV Grow Markets Broker Review
While reviewing the new broker called LV Grow Markets, we see that they have for you a full range of assets in Forex, Markets, Crypto and Metals. LV GrowMarkets offers their investors the simple and easy to use TraderSoft trading platform, but it is only available as a web-based trading platform. If you are looking for an MT5 or a broker with mobile trading apps, find a broker here.
The popular Crypto Currency’s are all available at this broker, including Bitcoin, Litecoin, Ripple and Ethereum. Major & Minor Forex pairs are also listed for trading at leverage rates of up to 500:1.
It is important to understand the difference between trading stocks and investing in stocks. When you are using a CFD (Contract for Difference) broker, you will be trading and looking to profit based on the movement in price. You do not actually own the currency.
LV Grow Markets offers five account types, with the main difference being an account manager. The minimum deposit for a new trading account is not menitoned on their site. Most Forex brokers offer accounts for only $100, see here.
Is LV Grow Markets a Legit Broker?
Spread Betting and CFD trading like stock trading is considered an investment service, which must be regulated by your local governments regulator. The difference between a licensed broker and an unlicensed broker is who will insure your money when the broker goes out of business.
LV Grow Markets does not display any license or regulation on their website. Their payment processor is: Inside Management Company Ltd. Address: 74 Anton P Chehov Str, 1113, Sofia, Bulgaria. They are owned by; Arrow Capital Ltd, located at: Tana Russet Plaza, Kumul Highway, Port Vila, Vanuatu. Their contact phone number in Malaysia: +601548770662, and the email address for compliance is: [email protected]. Official brokers website is: https://www.LVGrowMarkets.com/.
Brokers in the United Kingdom must be licensed by the FCA, and Forex brokers in Australia need to be licensed by ASIC. Did you know that you can choose from more than one thousand CFD brokers today? Have a look at these popular licensed brokers.