Grossfield Limited

The scam broker Grossfield Limited excels in presenting what can attract traders who will bring in money. Today, it talks about confidence and reliability in times of instability and offers excellent trading conditions and bonuses, the most advanced trading platform, and professional support. We are confident that users who believe in these promises will be greatly disappointed. Why? Read our review, where we provide details about this platform.

Overview of Grossfield Limited

How to understand whether a CFD broker operates legally and fairly? It is necessary to carefully study the information available about it from various sources. We will start our acquaintance with this company from its official website.

Broker History

To begin with, we wanted to learn about the company’s history. It could provide insights into the broker’s reputation, the experience of its team, and its business success. A small About Us content block on the homepage, where Grossfield Limited talks about decades of activity and becoming a leading player in the investment market, gave us hope. However, this phrase became the only mention of the company’s history on the entire official website. Moreover, we didn’t find any factual evidence supporting these claims.

Grossfieldltd.vip Website

During our exploration of the official  website, numerous questions arose. Perhaps it is worth starting with the homepage, which does not provide any insight into the broker and its offerings for traders. From the four unclear content blocks, we couldn’t learn anything about the company and its operations, but we saw many images devoid of any meaningful content. If the web developers of the project consider this a successful solution, they are deeply mistaken.

However, content problems are not limited to the Grossfield Limited homepage. For example:

• A verbose step-by-step guide on starting trading with the broker is hardly what can be called trading conditions, although it is placed on a page with that name.
• It is challenging to consider the meager list of characteristics of account types published by Grossfield Limited as something that would satisfy traders.
• The absence of official documents on Risk Disclosure, KYC, and AML policies raises doubts that the company operates under the control of any regulator.

The impression is created that the platform’s creators:

1. Absolutely do not know what interests traders and investors (raising doubts about decades of activity).
2. Are not interested in attracting experienced market participants but are trying to draw the attention of newcomers.

It seems that Grossfield Limited has no connections to legal brokers with significant industry experience. Its approach to the official website resembles the actions of scammers seeking to find inexperienced clients who can be easily deceived.

Registration Process and Personal Account

During the registration process, a new client of Grossfield Limited needs to fill out a simple form. The fields require the following information:

• First and last name.
• Email and phone number.
• Country of residence.
• Date of birth.
• Password for login (entered twice for confirmation).

Mandatory steps include passing the reCaptcha verification and agreeing to the Terms & Conditions. Interestingly, the registration form contains the only link on the entire website through which users can access the main text of the broker’s agreement. Therefore, clarifying its nuances during trading or simply exploring the project’s website is not an easy task.

Experienced traders may notice that the registration at Grossfield Limited differs somewhat from the usual procedure at most regulated brokers.

1. Some personal data, such as the residential address, is not requested.
2. No contact data verification (neither complete nor partial) is performed during registration.
3. Other important documents, such as the Privacy Policy, are not provided for review.

It seems that the company, whether out of ignorance or deliberately, ignores the laws of most countries and regulatory requirements. This further confirms our belief that this is an illegally operating broker.

To be clear, all the mentioned issues persist in the client’s workspace. Grossfield Limited employs a template for organizing the user account that falls far short of the standards used by regulated brokers.

At first glance, it might seem that all the necessary functions for organizing the trading process are present. The following is provided:

• Profile editing, password change, document submission for verification.
• Account funding and withdrawal request.
• Viewing the history of both trading and non-trading operations.
• Submitting tickets to customer support.

However, Grossfield Limited clients may suddenly discover that:

• Email and phone number verification is not conducted here.
• Security settings only allow password changes, and other options, such as enabling 2FA, are absent.
• The broker verifies the client’s address extensively but forgot to include its input not only in the registration form but also in the user account.
• There is no account funding form.

Issues in the user account affirm our opinion – the platform’s operation is far from the standards applicable to legal brokers. This gives more grounds to assert that we are dealing with a fraudulent project.

Trading Platform

One of Grossfield Limited’s enticing offers to traders is the super-modern trading platform with nearly instant processing and execution of client orders. At least, that’s what the broker claims. From the perspective of an experienced trader, however, this terminal has more drawbacks than advantages.

For example:

• The organization of the list of available trading assets leaves much to be desired. Firstly, the search within it is quite inconvenient. Secondly, all instruments are displayed for all types of accounts, even those not available based on the tariff plan conditions.
• The set of graphical analysis tools is artificially limited, forcing traders to abandon familiar instruments and reconsider trading systems.
• The built-in set of indicators cannot be expanded with custom modules or third-party developer products, and the connection of advisors is not provided at all. Therefore, forget about creating your own trading systems with non-standard analysis tools or auto-trading.
• It is impossible to save indicator settings, chart windows, or terminal configurations. As a result, any page update/terminal reload requires manual reconfiguration.

In the end, clients trading with Grossfield Limited state that the praised terminal is a tool for enriching the broker. Traders using the platform inevitably incur losses, while the company, acting as a counterparty in transactions, makes a profit.

Note! In the user account, the client can only access the web trader for desktop browsers. The adapted version for mobile devices, which the broker mentions on the main page of the site, is not found by the client.

Contacts

On the Contact Us page of the official Grossfield Limited website, all available contact options with customer support are provided. These include:

• Phone: +441888785306.
• Email: support@grossfieldltd.net.

Additionally, the company’s office address in the UK is published here: Tower 42, 25 Old Broad St, London EC2N 1HN. Like on all pages, a feedback form is placed in the footer for submitting requests to specialists. While the latter works accurately (as does the email), there are doubts about the accuracy of other information (postal address and phone number).

Analysis of Services Offered by Grossfield Limited

For traders, trading conditions and additional services offered by the broker, as well as the honesty and safety of financial transactions in its execution, are especially important. Therefore, we, of course, paid attention to these questions.

Funding and Withdrawal

On the official Grossfield Limited website, there is an entire page dedicated to depositing and withdrawing funds. However, the broker decided that it was necessary to talk about the verification of the user’s personal data here, rather than focusing on payment methods and transaction conditions (processing time, limits, commissions). Once again, trader requests and interests are ignored (which is not surprising).

A bit more information is contained in the Banking section of the personal account. Here, on the Deposit Funds page, it can be read that the broker accepts deposits via:

• Bank transfers.
• VISA/MasterCard debit/credit cards.
• Electronic payment systems (CashU).

Everything would be great if there were a form on the page for depositing funds directly. However, Grossfield Limited does not provide customers with the ability to directly deposit funds into their accounts.

To perform this operation, the trader will have to contact customer support first, where the user will be provided with the details for the transfer. Is it inconvenient for the trader? Well, the website, like a true scammer, thus hides its details to avoid the attention of financial control authorities.

Grossfield Limited Trading Conditions

Traditionally, we expected to see detailed trading conditions in a table with types of accounts. The owners managed to satisfy our curiosity only partially (but this is huge progress compared to other scammers).

The broker has developed 4 tariff plans for traders:

1. Bronze, with a minimum deposit of 2,000 euros, leverage up to 1:100, and spreads from 0.8 pips.
2. Silver, which is also suitable for conservative traders. With the same leverage, minimum spreads on it start at 0.6 pips. Additionally, with a deposit of 5,000 EUR, it opens up the opportunity to trade not only currency pairs but also commodities.
3. Gold. Owners of 20k euros on deposit get leverage up to 1:200, no commissions, spreads from 0.5 pips, and access to stock indices as trading assets.
4. VIP. With a balance of 100,000, clients can trade all available instruments with minimal costs (no commissions, spreads reduced to 0.4 pips). Additionally, the client can use the company’s trading signals.

As we can see, Grossfield Limited is not very generous with characteristics of account types. Choosing the most suitable one in this case is not easy. However, the broker’s support is always happy to help, which, of course, will tell about the advantages of each tariff and, of course, try to persuade the novice to open the most expensive trading account.

Unique Features

The creators of Grossfield Limited did not even bother to come up with and promise customers any interesting additional services. Judging for yourself – nothing is known about the broker’s affiliate program, not even the rewards for attracting a new client. A distribution of trading signals could have been an interesting option, but here too, details remain hidden from the user.

Moreover, neither the first nor the second offer is even mentioned in the personal account. It seems that the owners mention them on the official website only to attract the attention of traders. In reality, however, the client will not receive any money for referrals or profitable signals.

Is Grossfield Limited Trustworthy and Reliable?

Perhaps, the main indicator of a company’s honest operation is confirmed official information about registration, licenses, etc. To complete the review, we just need to verify this information.

Assessing Legitimacy

The creators of Grossfield Limited decided to add an important but inconspicuous detail to the footer of the pages – the company’s registration number. The calculation is obviously based on the assumption that the trader will see it and immediately believe in the existence of a legal broker. Moreover, most likely, scammers are confident that this information will pass verification. Let’s not disappoint them and check the registry of the British Companies House.

Of course, a record for Grossfield Limited with the specified registration number was found in the registry. It became clear that the statement about decades in the market is true – the company was registered in 1982. However, we decided to find more detailed information about the firm from aggregators.

We see that:

• Grossfield Limited is a micro-company, with a capital of less than 10 million pounds and fewer than 10 employees. It seems not quite fitting for “one of the main players on the investment market.”
• In 40 years on the market (data dated August 2022), the total assets of this company amounted to only 1.2 million pounds, with 689.3k GBP being its own, and the rest being liabilities. This volume would probably be enough for a few hours of work for a real broker.
• The staff of Grossfield Limited includes two employees. Of course, we immediately believed that these 2 professionals can ensure the uninterrupted operation of the company, contacts with clients, server maintenance, etc.

It turns out that the considered project used the name and registration number of an existing company that had nothing to do with brokerage activities. A typical tactic for many scammers. Additionally, license verification from the FCA will confirm this information.

A search in the regulator’s databases returned 2 relevant results, but none of them were related to the company mentioned in the review. This means that Grossfield Limited did not obtain an FCA license and operates illegally.

Established Track Record

In conclusion, let’s return to the initial theme – history. Only now, let’s check how long the project that spoke of “decades” of work has actually existed.

According to the whois service, the domain was registered on October 12, 2023. In other words, the broker’s “decades” magically turned into a month of operation. But traders should be cautious – scammers from Grossfield Limited are actively expanding their client base, and there is a danger of falling into the trap of fraudsters. By the way, they are now operating on the grossfieldltd.vip.

Implications for Traders

As we can see, Grossfield Limited is a one-month-old scam broker operating without registration and a license. It provides clients with unreliable information and does everything to attract newcomers who are easier to deceive. We strongly advise forgetting about this fraudulent platform forever if you want to keep your money intact.

Strengths and Weaknesses