MetaTrader 5
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
Details
Editorial review
Broker Summary
What Wikilix has recorded about Grow Trade Matrix: its history, the licences it holds, its trading conditions and its fees.
Grow Trade Matrix Review
Website:
Broker type: Online / Offshore Forex & CFDs Broker
Key selling point: Broad-market access + flexible trading instruments
Overview
Grow Trade Matrix positions itself as a full-service online trading broker, offering its clients access to a wide range of markets, including forex, CFDs on stocks and indices, commodities, and cryptocurrencies. Its website boasts of support for popular trading terminals such as MT4/MT5, allegedly very low spreads, leverage as high as 1:500, and the provision for both live and demo accounts.
Grow Trade Matrix claims to be for beginners and pros alike, touting easy account setup and an intuitive web and mobile interface, while including real-time market analysis, charting, and 24/7 customer support.
Products & Services
• Markets & Instruments: Forex, commodities, indices, stocks, and cryptocurrencies via CFDs.
• Platforms: Offers trading via the web-based platform and supports MetaTrader (MT4/MT5), access from desktop or mobile.
• Account Types: Demo accounts are available; leverage reportedly up to 1:500; spreads advertised as low (from 0.0 pips).
Transparency & Regulatory Status
• Grow Trade Matrix is registered in Saint Vincent and the Grenadines (SVG).
• Regulation: It does not seem to be regulated by any major, internationally recognized financial authority.
• Disclosure: Minimum Corporate ownership, compliance, segregation of client funds, and protection on withdrawal is disclosed. Many independent reviews have mentioned that as a major transparency issue.
Risks & Criticisms — What You Should Know
Independent security and broker-review sites have flagged Grow Trade Matrix as “high risk.” One platform pegged its “trust score” at an extremely low 19.5/100, indicating a number of red flags related to domain history, phishing/malware/spam potential, and the overall reputation of the site.
Major risks include:
• Lack of proper regulatory oversight: no license from top-tier authorities means little to no formal protection of client funds.
• Unclear fund safety measures: no evidence of segregated accounts or an investor compensation scheme.
Transparency issues: a lack of company history, scant corporate ownership or management information, and account terms that are poorly documented (deposits, withdrawals, fees).
• Negative feedback from external reviews/users: reports of difficulties withdrawing money, hidden fees, account restrictions, and overall dissatisfaction with the service from former users.
Summary
Looking at Grow Trade Matrix from the point of view of offered instruments, flexible leverage, and, of course, popular trading platforms, it may seem quite attractive. At the same time, the lack of regulation, untransparency about the company structure and fund protection, along with its bad reputation among independent reviewers, significantly increase the risk for potential end-users.
Recommendation: If using Grow Trade Matrix, use them with caution. Treat funds as high-risk, do your diligence, and refrain from depositing a lot of money. For a safer alternative, consider brokers licensed under recognised authorities with transparent regulatory oversight.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for Grow Trade Matrix. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Grow Trade Matrix. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Trading accounts
Account Types
4 account types on record. Minimum deposit from USD 500. Leverage up to 1:500.
4 account types
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| Standard | Not recorded | 1:500 | Not recorded |
| ECN | Not recorded | 1:500 | Not recorded |
| ProVIP | Not recorded | 1:500 | Not recorded |
| IslamicSwap-Free | USD 500 | Not recorded | Not recorded |
Deposits & withdrawals
Funding Methods
5 ways to fund an account. 5 with no deposit fee. 2 credit instantly.
5 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank TransferBank TransferWithdrawal via bank wire requires 7 to 9 business days; possible additional bank/intermediary fees at user expense; widely available. | Free | USD 10 | USD 100 | USD 100Not recorded | Up to 1 day |
Credit/Debit CardCredit CardWithdrawals typically processed to original card; processing times vary by issuing bank; available in most countries. | Free | Not recorded | Not recorded | Not recordedNot recorded | Instant |
E-walletsE-WalletWithdrawals processed to original payment method; processing times vary by e-wallet provider; availability varies by provider. | Free | Not recorded | Not recorded | Not recordedNot recorded | Instant |
| Local Payment MethodsOtherAvailability depends on region and specific payment method. | Free | Not recorded | Not recorded | Not recordedNot recorded | Up to 1 day |
Cryptocurrencies (e.g., Bitcoin, Ethereum)CryptocurrencyWithdrawal fees and minimum amounts vary by cryptocurrency; network fees may apply; availability varies by cryptocurrency. | Free | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
Trading software
Trading Platforms
2 trading platforms on record: MetaTrader 5 and MetaTrader 4.
2 platforms
MetaTrader 4
MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.
Details
Peer comparison
Brokers worth comparing
3 other brokers on the record share what Grow Trade Matrix offers — its country, regulator, account types or platforms — set beside it on the same measures.
3 peers
Grow Trade Matrix
This recordSaint Vincent and the Grenadines · since 2024Wikilix score 28.0RegulationNo RegulationMax leverage1:500Platforms2LicencesNot recordedAGSMARKETS
Saint Vincent and the Grenadines · since 2020· AgsMarkets LTDWikilix score 31.0RegulationRegulatedFSAMax leverage1:200PlatformsNot recordedLicences1Corex Market
United Arab Emirates · since 2023· Corex financing broker LLC.Wikilix score 32.0RegulationRegulatedFinCENMax leverage1:500Platforms1Licences1Tradona Markets
Saint Lucia · since 2022· Tradona Markets LtdWikilix score 31.0RegulationRegulatedFinCENMax leverage1:1000Platforms2Licences1
Frequently Asked Questions
Frequently Asked Questions
Common questions about Grow Trade Matrix
Most Popular Questions
Grow Trade Matrix provides 24/7 live chat support and can be contacted via email at Contact@growtradematrix.com. The support is available in English and also offers an international phone number.
Grow Trade Matrix offers a maximum leverage of up to 500. This high leverage level allows traders to control larger positions relative to their account balance.
The minimum deposit amount required by Grow Trade Matrix is 100 USD.
Grow Trade Matrix offers MetaTrader 4 and MetaTrader 5 platforms, both available on desktop.
Grow Trade Matrix is not regulated and does not hold any licenses. It is registered in Saint Vincent and the Grenadines.
Comments
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