grandefex review

Read our Grandefex review carefully to see why we do NOT recommend this broker for trading. Just to clear any suspicions this is a review.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So Grandefex is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about Grandefex in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.

Grandefex Review Conclusions

Making the Grandefex review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Grandefex review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected]

If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

grandefex review
grandefex-review-grendefex-comRead our Grandefex review carefully to see why we do NOT recommend this broker for trading. Just to clear any suspicions this is a review. Who are they? After taking a look at their website, it shows that they do not fall under any...


  1. Website attention is fraudulent, deceive people!

    They generate profits in our account … they are not real, just to think that we will make money, so that they can ask for more and more.
    They asked me to invest 10 thousand euros … I tested 10 thousand euros of withdrawal, then they didn’t answer anymore !!
    I made the withdrawal on 31-1-2020, I already sent several emails and not one responded !!
    I lost 1250.00 with them.
    The name of the person who spoke to me is Simon Ruiz, don’t believe him … !!

  2. date
    Ok … now i want to write about Grandefex …
    I am Marko and i come from Slowenia. I am with them cca. 3 months. Have deposited all together 6250 eur and they made my account grow till today to cca. 9200 eur. Yesturday i wanted to close my account because of struggle of getting 1000 eur withdrawal. They say if i want to close my account ist “premature contract reduction” … ok … and today they started with this and they have lost bets and reduce my account to as they say 3300 … waiting to see what hapens and then i write to u back if i get the money … but i think its gone … and now it will be my turn … i will publish my storry to media, make video on youtube, facebook, all this things that people will se my storry and its end all documented … its good that my mother is yurnalist … 😉 … i am not threthening … i yust want to tell my storry that people can see … and that is yust the begining … and i am giving my phone number and my email adress under for thouse who dont believe me … i have all documented and by photos and e mails that i send if someone want a prove
    im back reporting what they said about withdrawal and closeing account. I reported first of all people here about premature contract reduction and as i se is one new comment under me that showed up on today … saying its TOM … it includes sentence mentioned second time because of premature contract reduction and problems with widraval. And who would close account makeing 27% of 150.000 and no withdraval problems …
    … meanwhile my account is at the moment 3189,22 with 800 tax reserve (have photo) … so basicly i have to pay 800 because they made me lets say – 6000. That is even not with the law … on minus there is no tax.
    Then the broker today says, after i wrote to him that i will publish all and make video of all that, that i have 6000 on my account (Watsup conversation …have photo) and my account says it 3189,22 … whats real now … and still after writeing several e-mails they still havent deposit and close the account as i have asked them … by legit sites they answer emidietly and close the account as you wish, here also you can not withdrawal alone … try it … by ligit sites u alone operate with your account … ok i will write more tommorow as i gain something new … waiting for comments and that people join me with the same experiance

    0038631 625 699 @

    i speak german and english

  3. son delincuentes profesionales ojala loscojan,muy amables mientras metes dinero,cuando vas a sacarlo imposible

    Rating: 1
  4. estafadores y ladrones no podras sacarte dinero podrais denunciarle en Google buscando policía estatal

  5. Right at this very moment Michael Fishman Who THINKS he’s my account manager is trading Crypto with MY money without MY consent …. They are so dodge … Total arrogant arsewipes!

  6. A LOT OF ATTENTION BEFORE PLACING SOME MONEY ON THIS PLATFORM. MANY CASES OF NON-RESPONSE HAVE BEEN SEEN WHEN SOMEONE ORDER OR DEPOSIT SOME MONEY. THIS MAY MEAN THEY STAY WITH THEIR MONEY. In my experience I invested € 250 in the Grandefex platform and my manager made me believe that my account is increasing, but it can be all fictitious. Try to insist with me to put more money, but I would not do it without guarantees. My account has about 370 € and try to deposit 250 € and the platform gave an error. This situation is very strange. Everything should be automatic for any operation you want. It can all be fictional! I’m not deluding myself anymore because they haven’t given me more feedback since I tried to make a deposit! To ask for money they talk to us and support, but no deposit moment has disappeared. VERY CAREFUL! I am going to do a network job to promote this “network” to a great majority of people who know or are trying to do it! Thank you and much success with my 250 €. A life dealt with its consequences and the deserved return !!!! Enjoy it!

  7. Hello, I’m Brigita from Croatia and I’m calling out of despair and personal shame , how could I get so hooked on such a cyber scam.
    Now I realize
    By this, I just wanted to help future gullible investors, that this company is a big well organized crime. People do not fall for kindness and liesthat . I can say goodbye to an investment that is huge for me and I will never be able to repay it.

    THEY DO NOT RETURN THE MONEY AND THERE IS NO WAY TO CLAIM (there is no one to contact them by phone, email, whatsapp …

    It is a scam in order.
    His way of proceeding is:

    1.- first you are captured by means of a high profitability advertisement; you enter a small amount of money – through your VISA card – to see how it works .; after two weeks they themselves, without you asking for anything, re-enter the returns obtained (obviously, always much less than the figure of what you have entered). This is where your hookup begins.

    2. They lead you to enter a much higher figure than the original and if you “pick”, they keep asking you for more and more. And watch out if you don’t keep depositing: they start treating you like an outcast.

    3.- If for whatever reason, you request the return of your income, it is when you really realize that you have been scammed. No one cares about you anymore, they don’t answer you to any calls or emails; The website stops accepting your refund requests.

    4.- Furthermore, I see that they have the audacity to answer some of these criticisms, alleging that they are studying the case of the claimant and that he is not registered or is poorly registered or his application is not recorded and blah, blah, blah …: IT IS FALSE, it is ANOTHER DECEPTION.

    5.- None of the people with whom you contact gives their real name or their contact (telephone or mail). They are all false. They even lie at their location.

    6.- They say they have offices in Spain and other countries – everything is false – except that they are in a tax haven – that they do not operate with US citizens (they had better) and they do not have authorization to officially operate in France and Germany …

    7.- The FCA, the British Financial Conduct Authority (FCA), the UK’s official regulatory and control body, where they are obviously not registered or authorized, includes on its website notices that there have been people who have reported them as SCAMMERS.

    8.- They do not follow the regulatory framework on MiFID markets and financial instruments and the MiFIR regulation.

    9.- Finally, they always have a poor person in charge of responding to this type of criticism but they are childish, absurd, useless, ridiculous and truly unacceptable responses.

    If for whatever reasons, you come to believe in them, try to see and then tell in this forum how it went. And if something that appears in trustpilot is positive, believe me that they are the ones who upload this type of information to counter the truth stated here. No one delighted wastes his time on that!

    I recommend that you work with authorized, registered agencies and do not be fooled.

    You can also consult opinions at: brokeronline and search for traders affected by Grandefex

  9. Hi people
    I had really a horror story with these scammers! they are the worst people you can ever imagine, from the beginning they start manipulating everything , I was new in bitcoin market and they stole me 500 euros, I was paying attention to what they were saying as they were ´ experts´ but they are only after my money. I asked two times for a withdraw with being successful and then I asked for a refund which in the T&C on the website but all the time ignoring me and telling finance department will contact. NOTHING professional!! Finally at the end of May the account manager send me an email that my fund was lost because of the conditions of the market and the margin fall, they did everything to do to rescue my fund ….BLA BLA NOTHING TRUE. I requested a Chargeback but it is gonna take time, I have proofs of emails and also screenshots.NEVER AGAIN investing in FOREX too many SCAMMERS!!I have learnt the lesson.

    Rating: 1
  10. Grandefex is crime and fake: do not spend any money it is fake. John Marris, Yvonne does not exist in real life. Bill, the big boss in the background, does not exist in real life. They do not provide you any proven information for their real identity as you know it from your banker or any other person which you normally have contact. The make pressure and tell you if you do not pay more you will lose your investment. As soon as you invested, it is already lost. the transactions you see in their trading portal are fake. The contract you might asked to be signed is fake. they did not even remember it when I requested to deliver as stated in the contract. The hole business model is a perfect fake and I lost 55’000 CHF to them. So I will contact the police. This is not the only platform operating in this way. they attrack you with a press release on a trading bot wchih has nothing to do with Grandefex. This is classic phishing and illegal.

    Rating: 1
  11. Don’t invest with Grandefex
    Don’t be fooled and invest with Grandefex. They won’t allow you to withdrawn your money. Yes, they will allow only 20% but never more. You are losing 80% of money invested + the profit you apparently make. It’s a SCAM
    Learn from my mistake.

    Rating: 1
  12. Grandfex is purely scam from my experience.
    I open account & found that, Grandefex just showing the amount in account & showing some profit. I have receive so many call till date for re-invest, although I have requested team for refund available amount in my account. but till date broker calling for invest, no one talking about refund.
    They are not interested to refund & that’s proof that they are making money by scam. There is no one to complain. I lost my money.
    Amanul Hoque
    Victim of Grandefex scam

  13. Sadly and earning our trust, it is more almost treating you as friends.
    Nothing more than an illusion, when they have taken the most out of you and ask you to return your money to your account, they do not even answer you
    A shame that these scammers to attract our attention use the image of celebrities and politicians.
    They appear on platforms like FACEBOOK INSTAGRAM

    The competent authorities that do about it, using the image of the Prime Minister and the covit

    When we need help the most in the hardest times and without income.
    They present you with a way to earn money.

    Shameful that our president doesn’t do something

    Rating: 1
  14. Liars and scammers; don’t trust them. They won’t allow you to withdraw your money, even if they say yes it won;t be a problem. Liars. Don’t trust them. Stan Malik is a clown and a fraud . All of them are. learn from my experience

    Rating: 1
  15. I wouldn’t even give them one star they dont deserve it. They are pushy as at first they ring u like 3 times a day and just keep telling you they need/want more money. They make it seem like your making money but then soon to take it all away from you, when you tell them no to more money. They don’t return calls or emails. Impossible to get through to when every phone number is different, u ring them and the are disconnected numbers. And then u just watch ur money disappear every day, waiting/hoping for a phone call. SCAMMERS!!

    Rating: 1
  16. This is the bottom line. I saw a pop up advert purporting to be from a well respected business man in Australia who endorsed investing in cryptocurrencies. I clicked on this advert and immediately I got a phone call from a “broker” named Michael Fraser who talked me through the process of depositing funds with GRANDEFEX. Michael Fraser said I would get notification from my bank advising against this transaction but I should ignore this as GRANDEFEX is a good company to invest with. I should have smelt a rat at this point but I was silly and ignored the bank advise, actually it was a credit card company I used. After depositing €250 I got a call from a Mia Goldberg (a senior broker) who encouraged me to invest more money and wanting more personal details including bank details, passport I.D. and copy of a services bill confirming my address. It was at this point I realised I had been scammed and requested my money to be returned to me. This was not going to happen. I received a number of phone calls, interestingly from Australian mobile and land line numbers even though GRANDEFEX operates with scammers (they call themselves brokers) from a number of European cities. I also received emails requesting more personal details. The gist of the phone calls and emails was that I could get my money back if I furthered my registration with GRANDEFEX as this was company policy, in other words, as aforementioned, provide more details of myself so they can scam me further, I was not prepared to be compliant with this. I advised them they had sufficient information, i.e. my credit card company, my name and credit card details to charge back my money. It was like talking to a brick wall, they were not going to return my money. I have posted reviews on Trustpilot but it appears they are also in on the scam or in the pockets of the scammers as I have now been blocked from posting anything further in regard to GRANDEFEX. For those who do not know, GRANDEFEX is a company that operates under the convenience of the Commonwealth of Dominica and are not recognised or endorsed by the Financial Conduct Authority (FCA). GRANDEFEX is a recognised SCAMMING company, read the other reviews on various websites about them and DO NOT “invest” any money with them as you will never see your money again. They are crooks, thieves that steal your money without any conscience.

  17. I invested around 30k with Grandefex. Had very good profits and was happy until I wanted to withdraw my profits! Then the painful process started. After month of lies, excuses and delays I finally realized they will not give me my money and I had to find another way to get them! So I searched the web and find that GRANDEFEX IS A NOTORIUS SCAM!!! Then I find a guy who can actually find out who they actually are and where are they really located!
    – Grandefex, WDC markets – , CTXprime – all are connected. THESE ARE ALL SCAM COMPANIES – they have no licenses to trade, they are NOT regulated by any authorized body and DO NOT PROVIDE REAL TRADING!!! All is only A SOFTWARE STUMULATION AND IS NOT REAL , they don`t really buy anything THEY JUST STEAL YOUR MONEY AND GIVE YOU A VIDEO STIMULATION IN YOUR ACCOUNT!!!
    – All these companies are registered offshore, addresses are fake, names, phone numbers and all is fake!!! All the brokers names are fake all is fake!
    – They work with Russian payment providers – Certus Finance –
    and MasterPay – or Master Payments. If you deposited with these solutions you can pretty easily get you money back. I went to the bank and explained that i was scammed, they filed a dispute ( chargeback) on the payments and they gave it back, because they can`t fight the banks. SO GO TO YOUR BANK AND DO A CHARGEBACK!
    – After a lot of digging and investigation he found information that all these companies are run by Israeli company located in Bulgaria. ALL THESE COMPANIES ARE RUN FROM Sofia, Bulgaria – ABC GLOBAL is the company name. Real owners are Israeli citizens – Avi and Jacque!!! All he could find are the first names.
    You see so many excellent reviews here because they are written by the company employees, DON`T TRUST THE GOOD REVIEWS, THEY ARE FAKE!!!

    Rating: 1
  18. i have invested my money with Grandefex as well im from australia, as as stated above a well know person recommended the investment, i too was suss when they asked from all my detail, id, credit card details, bills, to be verified, and because i haven’t done that they will not released my money back to me. They didn’t want any of those details when they ask to take my money and know they want all those details, How do I get my Aus dollars back. No one to contact no response to my emails, IM so angry about the situation.

  19. I am an elderly pensioner in Australia, I “invested” $20000 Aud in Grandefex and when I did not want to invest further offshore, Frank from Grandefex suggested I join reputable Australian company Cointree in which I invested $10000 Aud, bought Bitcoin and with guidance from Frank transferred to secure Atomic Wallet. All working very well. Invested more until got to over $60000. Suddenly money disappeared and so did Frank. Another account manager from Grandefex advised that the funds were “locked” in a Blockchain wallet and the only way to get access was to deposit the same amount ($61000) to get access. Sound logical ??? This has now been reduced to 10000 euros. What a bargain!!!. I am now out of pocket $80000. What a horrible mistake this has been. These are cold, heartless people with absolutely no regard for people’s lives. STAY AWAY, DO NOT, REPEAT DO NOT have anything to do with this lot they are the scum of the earth.

  20. Under no circumstances should you invest money with Grandefex, this company is set up solely to fleece any unwitting investor.

    My father invested 1100 euros and the account traded with minor up and down variations until i contacted them to notify of my father passing, the spin they provided was the funds could not be withdrawn until June 21 but within 2 months they informed me the account had suffered large losses and all the funds had been lost and the account was now closed.

    So, tell anyone and everybody that Grandefex is a scam and not to invest with them as you will lose anything you invest, and my mission is to let as many investors know that they are well organised scam…

  21. Scam, Oszustwo, Betrug, Estafa, Escroquer.
    Ukradli wszystkie moje pieniądze.
    They stole all my money.
    Robaron todo mi dinero.
    Sie haben mein ganzes Geld gestohlen.
    Ils ont volé tout mon argent.

    Rating: 1
  22. Over 7 months I dealt with five different account managers, Frank Lessard, Matt Morel, Dustin Miller and Patrick Sarris, as a result I lost 80k AUD. These are truly awful people, no regard for the devastion they cause, no compation or remorse. Stay well clear of Grandefex you WILL lose your money.

    Rating: 1
  23. Over 7 months I dealt with five different account managers, including Frank Lessard, Matt Morel, Dustin Miller and Patrick Sarris, as a result I lost 80k AUD. These are truly awful people, no regard for the devastion they cause, no compation or remorse. Stay well clear of Grandefex you WILL lose your money.

    Rating: 1
  24. Grandefex je doopravdy nejlepší adresa, kde přijít o peníze. Nebuďte tak naivní jako já a nevěřte na rychlé a bezpečné zhodnocení svých financí.

    Grandefex is really the best address to lose money. Don’t be as naive as I am and don’t believe in a quick and safe appreciation of your finances.

  25. The worst idea you can ever think of is to make investment with the above company, i had the same experience as many others on these reviews, lot of persuasion to invest more and more then eventually they don’t let you withdraw anything. please dont go near them unless you want to lose your money. Fortunately for me i got help, it took me a while but i found help thanks to for the brilliant service. Anyone suffering the same fate can visit their website. cheers!

  26. I’m a pensioner and in 2020 I invested my last £200 at the beginning of lockdown as my income had collapsed. I had a charming account manager at first, soon as they realised that I didn’t have any more to more invest I lost that agent and my number was given out to any minion that wanted to try their luck. I asked several times to withdraw my money and got sent to departments that never responded. After I decided to say goodbye to my £200 .. the problem continued with incessant calls from agents to get me to increase my investment… even now 2 years later I get calls every week (not several times a day like at the beginning). I now recognise those numbers and never answer. I have left it too late to try to get the money back … maybe it was a good lesson … rather expensive one though.


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