Is Grovast a legit or a scam? Grovast Review

In the FTI app,pepperstone official website you can refer to the top 100 forex brokers for your trading needs. If a broker is not in the top 100, pay close attention to their regulatory licenses, white label relationships, and risk warnings.

Today, I want to help you evaluate a Forex broker. Recently some investors have asked if this forex broker is legitimate and reliable.

The name of this forex broker is Grovast. FTI data shows that the Grovast platform was established in 2025. It ranks 2421th in active index, and its safety score is only 40, indicating a high level of risk.

Regulatory information shows that Grovast currently only has a registration from the IFC in Saint Lucia. It's important to note that this IFC doesn't have the authority to regulate forex trading or brokerage activities. This means Grovast doesn't have a proper forex license and isn't allowed to offer forex margin trading. As a result, investors' funds are not protected. This is a major red flag, so please be very careful!

Grovast has only 1 MT5.

The master white label relationship shows that Grovast has 0 associated brokers. You need to pay attention to whether the associated brokers are running away. This is the business risk of the brokers and the past business history, which can be used as an important reference condition for selecting brokers. The broker relationship data comes from the data of MetaQuotes.

FTI has received 0 complaints about Grovast forex broker so far.

Investing is risky. FTI recommends you to check broker information on FTI before forextrustindex and avoid high risk trading platforms.

Stay away from low rated, unregulated forex brokers!

Before trading, check brokers in FTI app; if you encounter any problems, you can file a complaint for help.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.

Click here to recognize common investment trading scams to avoid being scammed.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!