Reported as a scam / unregulated
Why GrowPlusMarket Limited is on the register
The company claims to be regulated by the financial authority of the Autonomous Island of Mwali (Mohéli), Union of Comoros, under license number BFX2024122. While a matching entity name was found on the website of the MWALI International Services Authority (MISA), there are significant concerns regarding its legitimacy. Typically, companies licensed by this regulator are required to register their official website address for verification purposes. However, “Grow Plus Markets Limited” does not appear to have provided any such domain information, raising serious red flags and suggesting the possibility of identity theft. This lack of verifiable information prevents us from confirming the authenticity of the license. Furthermore, GrowPlusMarket Limited has no other major regulatory credentials on record. Given these circumstances, we have strong grounds to suspect that GrowPlusMarket Limited may be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.