Promising investment project or scam: Grow Capital review with feedback
Myths and Reality about Investments in Grow Capital
The organization Grow Capital attracts attention with its promises of high returns, active recruitment of new participants, and guaranteed income. However, all of this may be just a disguise for a financial pyramid, rather than a profitable investment platform. Questions arise in the absence of real reviews about the company Grow Capital, despite the declared 11 years of experience in operation.
Learn More About Grow Capital
According to the legend, Grow Capital is a project owned by the British company GROWCAP GROUP LTD. A check of the Companies House registry showed that this company is registered. However, the fact of registration of GROWCAP GROUP LTD was only confirmed on February 26, 2021, which does not align with the claim of 11 years of experience. A check of the launch date of the website growcapital.io via whois showed that it has been operational since February 14, 2021, which also contradicts the statements about the company’s longevity.
The next point concerns regulation. A company registered in the UK should have the appropriate license, but at the time of the research, it did not. It is also important to note that the Grow Capital website only operates in two languages (English and Russian) but does not have official registration or permission in the Russian Federation.
What Does Grow Capital Offer?
According to the company’s statements, Grow Capital offers investing in cryptocurrency with subsequent sale at a profit ranging from 0.1% to 7%. The site offers perpetual marketing, minimum deposits starting from $1, daily returns from 0.7% to 5%, flexible rates, and the possibility of early closure of investments. However, there is no information on the website about the management or traders, raising doubts about the transparency of the company’s processes.
Reviews of Grow Capital’s Activities
Since the Grow Capital platform has been in existence for less than two months, there are no reviews from real clients. All comments can only be found on the official website, which diminishes their credibility. Existing reviews indicate minimal payouts and deposits on the platform.
Scam Scheme at Grow Capital
Grow Capital employs a typical scam scheme, similar to other financial pyramids. They offer investing in cryptocurrency starting from small amounts, and provide individual terms to attract additional investments. In case a client is unable to invest more money, the contract is simply suspended, citing force majeure circumstances.
Conclusion
Grow Capital exhibits characteristics of a financial pyramid, increasing the risk of capital loss for investors. It is not advisable to trust your finances to such suspicious companies like Grow Capital.
Grow Capital offers an intriguing investment project, however there are mixed reviews which presents uncertainty about the legitimacy of the operation.