In this review, we will describe why LV Grow Markets is a scam that you should avoid at all cost !
Is LV Grow Markets Legit?
Looking at LV Grow Markets website, it shows that they are owned by Arrow Capital ltd. Arrow Capital ltd is located in Vanuatu, a well-known offshore zone and a preferred location for shady brokerage. LV Grow Markets is an unregulated broker. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why LV Grow Markets is a dangerous broker to deal with.
Are Funds Safe with LV Grow Markets ?
With such lack of information and LV Grow Markets being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is LV Grow Markets is withholding vital information to users.
LV Grow Markets could go bankrupt from one day to another since there are no banking information about this broker.
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LV Grow Markets Review: our Conclusion!
LV Grow Markets is an unregulated broker to avoid at all cost. If you have been scammed, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here.
LV Grow Markets Scam Review
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Website URL : www.lvgrowmarkets.com
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Type of Scam : Unregulated Broker (CFDs, Forex)
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Regulation : None
Well i invested my money in lvgrowmarkets.com in early September by October when I want to withdraw money on my account i couldn’t i chat with Brock who promised to forward my request then brad who also promised the same today it’s William saying the same thing the last 2 guys said for 3weeks now my account is reduced by $200 i didn’t received any money
LV GROW MARKETS ARE 100% SCAM. I GOT SCAMMED..I REQUESTED FOR A WITHDRAWAL BUT I DID NOT RECEIVE MY MONEY… SO A DISPUTE HAPPENED BETWEEN ME & MY ACCOUNT MANAGER.. LATER ON, THE ACCOUNT MANAGER HACKED MY ACCOUNT CHANGED MY PASSWORD & OPENED TRADES & I LOST ALL MY MONEY. HE DID AS A REVENGE.
(GOOD THING I DID NOT DEPOSIT A LOT MONEY)
I AM WARNING YOU FROM THIS COMPANY.
i Paid Euro 300,– by credit Card….than LV tried to book 1000,– Euro from
credit Card. Master Card informed me and they stopped Transaction!!!!
all e-mails since Five months no answers!!!!
a n d no Money back…….
B i g Warning !
LV Grow Markets are deception!!!!! I Paid 500 Euro. My telefonpartner tried to increase the amount. After refusal he became angry. I wanted cancel the transaction. No chance. The calls are coming from call-centers in Switzerland or Lichtenstein a friend told me. No answers-no Money back. Pay Attention!!! Big Warning !!!
ok so what I’m about to share, I know from a guy who worked there for a month or so till he figured out the company is scamming people. I will not mention his name for obvious reasons.
This platform is run by Orion Services EOOD who owns multiple companies who in turn own multiple platforms for online trading. This way they managed to stay 1 steps ahead of interpol and all other local authorities. It all started with Options XO, a binary options platform, a few yrs back. Everyone knows now that binary options platforms are illegal almost in every country. Sensing that there was no more profit in it they switched to Online trading (CFD) and created the infamous Prime CFD’s platform. with this one they scammed millions of people, they got banned in Australia and the Australian govt issued warnings against them everywhere on national television. This all happened around 3 yrs ago. Not long after they launched Wisebanc, another notorious platform that had millions of victims, especially in ireland where they got banned and the govt made them bad publicity in a similar fashion as with Australia and Prime CFDs. after this they started launching multiple platforms in rather rapid succession (around 4 months per platform). They would keep the successfull ones and drop the not so successfull ones, ghosting all clients that still had money in while they were at it. Those platforms are as follows: Olympus markets, Aspen Holding, LVgrow markets, Gorise markets. Prime CFD’s was regulated in Vanuatu while the next ones in the list have never had any license whatsoever. So how does it work? They convince you by whatever means to put money in. Then the “broker” (who has no qualifications as a broker btw) calls you and tries to convince you to put more money which sometimes works sometimes doesn’t. then he gives you a few trades to convince you to put even more money. Then when they are certain that the client will never put more money in they ‘burn” the client which basically means they give him/her a trade or multiple trades that wipe their account clean off. another common practice is for the broker to do a margin call when the account is almost out of funds and tell the client they can only save the account by putting more money in. as you can imagine withdrawing is difficult to say the least. First off they have the verification process (most intrusive one you can imagine) besides the normal id and roof of address that any financial institution requests (paypall, skrill etc) they require pictures of your card. they mention that you can cover the first 12 digits and CVV but some clients don’t in which case they steal money off their card!!!!! in addition they ask you to sign a declaration of deposit for every deposit. Things become exponentially more complicated if you pay from the wife’s\parents\other family member’s card. As you can imagine many people don’t want that so they want to withdraw, at which point the broker and the compliance department scare the client off with the AML laws and many renounce claiming their money. Furthermore they keep using delaying tactics even after you verify the account which makes even more clients give up. Here is where it gets interesting tho. You absolutely CAN get your funds back. All you need to do is to aggressively threaten them with police, lawyers, Chargebacks, newspapers and so on. While police can’t rlly touch them they can warn the population like in the previously mentioned cases. Chargebacks are extremely harmful to them as they can prompt Visa and Mastercard to stop working with them if they get too many. As such they actually do give the money back to “aggressive” clients because such scenarios can lead to them loosing money. The company’s profit is based by always having more money going in(deposits) then going out(salaries, taxes, refunds). The last platform (unless they opened another one during the COOVID 19 lockdown idk) they opened is regulated, licensed, and everything seems just peachy about it. However it is run by the same scamming brokers like literally the same people who scammed millions with wisebanc and Prime CFD. Its name is EX Central. As it is regulated, they can’t delay payments and the brokers can’t directly give trades. However they still have other ways to apply their client burning policies as you can suggest trades in many ways besides saying “open this trade and you will get rich”. while operating they gave many fake addresses in England and Bulgaria. Their first offices were in Israel (yes all the big bosses are israeli) and Bucharest where they opened the first office 4-5 yrs ago. Their first address at Calea Floreasca in Bucharest was first exposed by some hacker guy who got scammed by wisebanc, hacked their servers, found out everything abt them and left reviews everywhere. That one in particular made me laugh. Anyways, that incident made them move to where they are now at “Strada George Constantinescu 2C, București 020339, sect 1, Bucharest, storie 1 and 3 of the building. The companies they operated under were Toro Telemarketing and Hermes marketing. They recently switched to a different company to avoid workforce inspections as they scammed some of their employees by not giving them the required sums of money as per Romanian law during the COOVID 19 pandemic. however they are still in the building , they are the only “telemarketing” company in the building and most other offices in there belong to Medicover anyway. Moreover, Toro Telemarketing may still be operational. idk what the new company name is. My guy left before they switched. They also have 2 offices in kiev and one in Cyprus.
Wish I had more info but everything is very well compartimented, everyone has stage names, many employees don’t even know what the company is really doing to all those poor people.
I deposited €250 and it gained to €934 and I just withdrew €534 we will see what’s going on oi was a site called Bitcoin profit and the brokerage company is LVGrow markets
Thank you for this informative post.
I deposited 250 eur on 15 August 2020 and am trying to get a refund of my deposit. I have not complied with their compliance request so I guess my account cant be traded.
I will wait for their response.
RF
Well i traded witb the but qhen it came time to get my withdrawl. My €534 profits they askes for a deposit signature I gave it to them thinking they would deposit the funds into my account, instead they witdrew the amount out of my bank account. I blocked the card and them from having access to mh account. And they have constantly tried to call even after i told them i am file a complaint with Interpol . I just keep blocking the calls. All the calls came from a UK +44 phone number. I want my €784. Back.