Like many fraudulent projects, LV Grow Markets positions itself as a reliable broker. He is trying to attract novice investors who do not know how to distinguish bona fide companies from scams. The official portal of the exchange intermediary looks cheap and stereotyped, which allows us to conclude that the quality of the services provided is low. In today’s article, we will tell you how the company operates and why you should not believe beautiful words. A participant in the world market will make the right conclusion about the need for cooperation, avoid large losses.
Characteristics of the LV Grow Markets project
Looking through the official website, it is easy to see that no one regulates it. For an experienced trader, this is a red flag. A company that is not controlled by higher authorities can perform any manipulations with client money. The website offers automated trading software. This is a standard scam designed for beginners. Many investors do not want to go through a long training, they prefer to invest and relax. This is exactly what the LV Grow Markets scammers are counting on.
An unregulated Forex broker will not be held liable in any way for their fraudulent activities. As a result of cooperation, the trader will not be able to return the investment, because the regulators do not control the activities of this office. As a rule, all fraudulent offices operate according to the same scheme. They actively call potential clients, offering to invest in a profitable project. A novice investor is told about the ease of making money in world markets. He is assured that literally anyone can get rich on pricing. Naturally, all these fairy tales have nothing to do with reality. The company does not carry out commercial transactions, creating the illusion of honest work.
Wallet replenishment and withdrawal of funds
The SCAM project was designed for beginners, and therefore its creators took care of a simple method of investing. Advisors quickly get in touch when the question of capital replenishment comes up. The company offers several options for making an initial deposit. LV Grow Markets client can choose the appropriate method:
- Bank Transfer – Considered a secure payment option, it takes a few days. Given the fraudulent activity of the firm, client funds will never be safe.
- Plastic cards. A trader can use credit or debit accounts.
- Payment services. On the official website, you can read about cooperation with several digital wallets. This means that some electronic systems are available to the investor.
To return the invested funds, you must submit an appropriate application. At the same time, it is far from certain that brand employees will respond to this appeal. As a rule, unregulated brokers ignore withdrawal requests, after which they block their client or stop communicating. The investor should be careful in cooperation with such firms.
Earning prospects with the company
The audit showed that the office is engaged in the most common divorce. Managers behave unethically. They ask to replenish capital for a large amount, promising a good financial result. As a result of cooperation, the investor loses all the money invested, he becomes a victim of a swindler. Many practicing traders point out that LV Grow Markets is engaged in criminal fraud. This is a typical scam that will collect money from gullible depositors and disappear forever.
The broker is often accused of cheating. On independent sites, you can find many references to fraudulent activity. Investors believe that an unscrupulous company should leave the market. Beginners are not recommended to contact scammers who do not have licenses and the necessary legal documents.
