So, you want to know if you can trust Groshare Limited and whether it’s safe to deposit your money with them. We have the answer, and it will save your wallet and nerves. Let’s start with the basics: the project’s duration.
The Website and Project groshareltd.com Are Only Two Months Old
No comments needed here. You can see from the screenshot that groshareltd.com was created just on August 22, 2024 (Whois groshareltd.com). This is a scam with a 90% probability; we understand this from experience. Real brokers do not exist with such a short operational time.
To become a broker, you need to pass numerous checks and registrations, which takes years. Additionally, reviews are likely purchased retroactively, but more on that later.

Our imposter scammer, as expected, has no license. Indeed, legally, this is not a broker. Below are the results of the legal review conducted by professionals.
Groshare Limited Lacks a Genuine License: Bought a Formal License for $ Instead of Passing Real Checks
Firstly, the document regarding Groshare Limited FSP No. 53227 is worthless and confirms they are scammers. In South Africa, such a fake license can be purchased by anyone for a few thousand dollars without real checks. This is common among serious scammers, who buy it to mislead victims.
Most fraudsters and fly-by-night brokers purchase this license to deceive novices and unsuspecting investors.

Reviews
Reviews about groshareltd.com are purchased and paid for on platforms like Trustpilot and others. Real feedback from scammed clients shows that the scam simply collects deposits and extorts fees, then disappears.
These are blatantly bought reviews with backdated timestamps, even before the project existed. Building a reputation doesn’t help; negative comments accumulate, and soon the project will be exposed as a fraud. Here are some reviews from users:
I lost my entire investment. This is definitely a scam!
I tried to withdraw funds, but my account was frozen. Total scam!
I was promised high returns, but it was all lies. Avoid this broker!
Do not trust Groshare Limited. They are taking people’s money without any remorse.
After making a deposit, I couldn’t get in touch with customer support. scam! scam! scam! scam!
Conclusions
The website presents a visually appealing design, yet the reality is concerning:
- Created two months ago by unknown (anonymous) individuals.
- Lacks documentation and falsely claims legal compliance.
- Violates laws by promising consistent profits.
- Features bought reviews alongside genuine negative feedback.
Investors struggle to recover their funds, suffering losses. If you encounter this project, report it to authorities and refrain from sharing personal information.
They are dangerous manipulators, and support at support@groshareltd.com remains unresponsive after funds are stolen. All site buttons lead to registration.
Frequently Asked Questions (FAQ)
Is Groshare Limited a licensed broker?
No, Groshare Limited does not possess a legitimate license, indicating high risk for investors.
What risks are involved with using Groshare Limited?
Risks include loss of funds, inability to withdraw, and no legal protection. It is a high-risk platform without proper licensing.
What should I do if I have already invested?
Immediately report the incident to your local authorities and financial regulator. Avoid further communication with the platform.
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