Broker Group Fundz: real client reviews. Can you trust this broker or not?
Unique review of Group Fundz company
Financial markets nowadays catch the attention of numerous scammers ready to deceive for personal gain. Let’s examine one of such companies, namely – Group Fundz. This organization claims its stability, regulatory compliance, and licenses, however, a close analysis of the presented data in comparison with reality, as well as studying reviews from former clients, reveals cracks in their façade.
In-depth analysis of information about Group Fundz
At the beginning of our research, we decided to delve into the history of the company’s market presence. The domain groupfundz.com was registered back in April 2015, yet specialized services indicate a lack of information about it in the web archive until 2021. It is essential to note the domain’s last update date – in June of the current year, likely indicating the onset of a scam project.
The address provided on the company’s official website – Helene-Knoll-Weg 1b 56676 Ludenscheid in Ludenscheid (Germany) – is found to be fictitious, easily verifiable through Google Maps.
According to Group Fundz website, they hold licenses from three regulators: Cyprus Securities and Exchange Commission (CYSEC), International Financial Services Commission (IFSC), and Financial Services Commission of Mauritius. However, further investigation revealed a lack of confirmation of this information on regulator websites.
Trading conditions and deception schemes in Group Fundz
Group Fundz offers a wide range of trading tools, yet promises of free access to trading terminal lack specific details. Reviews mention controlled software aimed at providing dishonest order execution and deposit retention.
The company offers several account types: “Instant,” “Profi,” and “Profi+.” However, user feedback lacks information on earning potential and profit withdrawals, but abounds with complaints of fraud and dishonesty.
The scam scheme in Group Fundz targets newcomers, luring them with promises and then draining all possible funds from clients, blocking accounts, and accusing them of agreement violations.
Conclusions on Group Fundz review
Group Fundz is a company pursuing deception goals and draining money from its clients. They are ruthless and ready to entangle you in a financial pit. To prevent such situations, it is crucial to take cautious steps and avoid collaboration with dishonest companies.
I am highly dissatisfied with the broker’s work as they have consistently underperformed and failed to deliver on promised returns.