✔️ Information reviewed and updated in November 2024 by Eduardo López

IS Groot Earnings RELIABLE? OPINIONS

In this post I will examine Groot Earnings. Is the forex, CFDs, cryptocurrencies, stocks and binary options broker Groot Earnings (with Groot Earnings website) really reliable? Is it safe to invest your money with this company? I will analyze this entity in detail.

I will explain to you why I consider Groot Earnings to be a company WITH LITTLE SECURITY AND I CONSIDER IT AS UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!


ℹ️ BROKER INFORMATION:

Two important aspects to consider are (1) regulation and (2) the location of the company. These data are crucial to evaluate the seriousness and reliability of a company.

Is the company unregulated or regulated by a country with little seriousness? Is it located in an unreliable place or does it not even mention its location? These are questions that every investor should consider when evaluating the company's reliability.

DetailAbout the Company
(I.e. CompanyNot specified / Claims to be part of
???? LocationClaims to be at 1 Front St W, Toronto, ON M5J 2X6, Canada and 101 West Broadway, San Diego, CA 92101, United States
📄 Attend the eventNot specified
🛡️ RegulatorNot specified
️ ️ Phone number+1 (423) 621-2995
📧 Email address[email protected]
🌐 WebsiteGroot Earnings
???? Live ChatYes
💳 Payment methodsCredit card, cryptocurrencies, Visa and MasterCard
Broker typeforex, CFDs, cryptocurrencies, stocks and binary options broker

📞 PHONE LIST:

+1 (423) 621-2995


💰 DEPOSITS AND ACCOUNT TYPES:

Here is a brief analysis of the plans offered by Groot Earnings; They are divided into 4 categories. Below is a table with details on the minimum deposits required for each type of account.

TYPES OF PLANS/ACCOUNTSMINIMUM INITIAL DEPOSIT
INITIAL PLAN$400
PREMIUM PLAN$1,000
DELUXE PLAN$5,000
VIP PLAN$15,000

🌐 WEBSITE:

Below, you can see the company's website along with a small analysis of it:

Groot Earnings Website
  • Age of Website: The domain “Groot Earnings” was registered on May 2, 2024, indicating that it is a relatively new website. 🚩🚩
  • The website does not indicate who it belongs to, evidencing a lack of transparency in essential data. 🚩🚩
  • As I mentioned previously, the company does not disclose information about its regulation, suggesting that it may not be regulated. 🚩🚩

⭐ Opinions about Groot Earnings:

After researching this company, I have come to the following observations:

1) The company has a very negative reputation online; I have found multiple complaints from users.

2) Groot Earnings offers 10% bonus incentives for referrals, which may be a red flag. Promises of quick profits in a short time, such as within 7 days, are common features of fraudulent schemes.

3) The company has been reported by regulatory entities such as the FCA in the United Kingdom. This makes it a very unsafe investment option.

4) I have found no information on the regulation of this company, which indicates that it is probably not regulated.

5) The company seems to have a very short history; The “Groot Earnings” domain was registered only on May 2, 2024. This indicates that it is a very recent entity.

6) The company presents itself as operating in United States y Canada, but this could be misleading. Extreme caution is recommended.

“Honestly, I would not invest in a company like that: it is not regulated and does not provide clear information about its identity. “I wouldn't recommend it.”


💬 WHAT TO THINK OF A COMPANY LIKE Groot Earnings?:

Groot Earnings presents itself as an investment broker, but its website, with the domain “Groot Earnings”, was registered on May 2, 2024, which reveals a very recent age. The lack of information about the entity to which it belongs and the absence of details about its regulation are worrying signs of a lack of transparency. The company claims to be located in the United States and Canada, but this claim could be misleading, suggesting that it could be trying to hide its true location.

In addition to the lack of regulation, the company has racked up numerous customer complaints online, indicating a poor reputation. Groot Earnings offers a 10% referral bonus on every plan brokered by referrals, which is a common tactic in fraudulent schemes to attract and incentivize new users. The promise of quick returns in just 7 days is also an indication of high risk or potential fraud. Reported by the FCA and the UK Financial Authority, Groot Earnings is a broker that presents serious risks and should be approached with extreme caution.


📣 LATEST UPDATES:

1) Update August 2024f: la FCA, Financial Authority of the United Kingdom, has reported Groot Earnings.


✔️ CLAIM MONEY FROM Groot Earnings:

If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.

We work with a capital recovery service. here you can recover your capital.

In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.

Claim your money now!

If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.


🚨 REPORT Groot Earnings:

If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:

🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch

🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch

🇨🇱 Chile: the financial regulator is CFM, here you can get in touch

🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch

🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch

🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch

🇺🇸 United States: the financial regulator is FINRA, here you can get in touch

🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch

🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch

🇵🇪 Peru: the financial regulator is SBS, here you can get in touch

If your country is not on the list, leave a comment and I will gladly help you!


❓ FAQS – FREQUENTLY ASKED QUESTIONS:

What is Groot Earnings?

Groot Earnings is an investment broker that offers users the possibility of trading a wide range of financial assets. This platform allows you to diversify investment portfolios through access to forex, stocks, contracts for difference (CFDs), binary options and cryptocurrencies.

Is Groot Earnings a scam – is it a scam?

In my assessment, definitely yes. I strongly believe that Groot Earnings is a scam. This conclusion is supported by multiple problematic aspects of the company, including unfavorable reports and questionable business practices that have been pointed out by users and industry experts. I strongly recommend not entering into any business relationship with this entity due to the high risk involved.

Is Groot Earnings trustworthy?

In my opinion, Groot Earnings is not trustworthy at all. I have observed multiple signs of lack of transparency and risks for investors. Therefore, it is essential to proceed with caution when evaluating any business relationship with this company.

How to get money back from Groot Earnings?

If you have lost your money or been a victim of a scam, I suggest you consider using a capital recovery service to try to recover your funds.

Which broker is reliable to invest?

To find a safe and reliable company, I recommend you consult the ranking of the best brokers and review the list of three featured brokers of the month.


Eduardo Lopez

Editor and Copywriter

I am Eduardo López Martínez, I was born in Madrid, Spain and I am 48 years old. I am a journalist and I am part of the Brokersdeforexconfiables.com team. Do you want to know a little more about me? I invite you to read my biography.

See publications of Eduardo López

Review rating: 5/5 - (238 votes)

2 comments on «IS Groot Earnings RELIABLE? OPINIONS»

  1. Leo Reply

    This company will not refund your money. THEY NEVER LET YOU WITHDRAW, don't do it, listen to me.

    • reliableforexbroker.com Reply

      Hello Leo, Groot Earnings is a SCAM, we are receiving many complaints from investors, they do not return the money, they should never invest in a broker without REGULATION.

      They create positive comments of their own to confuse investors and pose as a serious and legal company but everything is invented and if you mention our review they say that we are the competition and that is not true (we only do reviews of brokers).

      When you request a withdrawal of capital or benefits, if they make excuses and force you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.

      If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you

      Greetings.

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