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Forex Broker Rating

GroveX

GroveX

Information about the broker GroveX

Rating: 1
Jurisdiction: not mentioned
Regulators: not mentioned
Foundation date: 2023
Site: https://grovex.io

Brief information GroveX

The trading platform GroveX describes itself as a centralized cryptocurrency exchange (CEX) focused on spot trading. The platform was launched in 2023, according to its company description. Its homepage advertises more than one million registered users and over 495 markets. 

The reviewed company and legal pages use the GroveX name without clearly identifying an incorporated operator, registration number or registered office. The compliance summary describes AML procedures and risk controls but does not provide a specific licence or name a licensing authority. 

Customer support is available at support@grovex.io and through the official ticket system. Complaints and escalation requests can be addressed to AdminGroveX@GroveX.io. The Terms of Service were last updated on 15 September 2026. 

GroveX

Cryptocurrency selection on GroveX

Assets presented across the market previews and payment schedule include BTC, ETH, USDT, BNB, SOL, XRP, TRX, DOGE, ADA, LTC, BCH, DOT, LINK, AVAX, ATOM, NEAR, UNI, ETC, SHIB and GRX.

Examples of trading pairs include BTC/USDT, ETH/USDT, BNB/USDT, SOL/USDT, TRX/USDT and GRX/USDT. 

GroveX

Services and fees of GroveX

The website presents the following functions:

  • spot trading through an order-book terminal;

  • cryptocurrency conversion through Convert;

  • full list of tokens ad assets;

  • wallet and portfolio management;

  • futures and margin trading;

  • referral and promotional features;

  • project listing applications;

  • VIP-levels;

  • institutional trading with high-volume assets; OTC and API services. 

Earn and Launchpad also appear in the product menu, but advanced products depend on activation, eligibility and separate terms. GroveX explicitly states that futures and margin trading are not currently offered. 

Spot charges differ by trading pair. Published VIP 0 examples range from 0.10% to 0.80% for both makers and takers.

Convert applies a trading fee when the transaction executes. The final amount received can differ from the estimate because of liquidity and execution prices.

Creating a personal account and verification on grovex.io

The registration form requires an email address, a password and password confirmation. A referral code is optional. Although GroveX can request verification at any time. Fiat deposits and withdrawals, if supported, require KYC. 

Deposits and withdrawals with GroveX

The GroveX project accepts crypto transfers through networks including Bitcoin, ERC20 and BEP20. 

Withdrawal fees are 0.00011 BTC, 0.001 ETH and 0.0038 BNB, with respective minimum withdrawals of 0.00011 BTC, 0.003 ETH and 0.01269 BNB. 

Deposit charges, maximum limits and specific fiat payment methods are not clearly stated.

Conclusion about GroveX

The main gaps concern the operator’s legal identity, incorporation jurisdiction and specific licensing details. Fiat payment methods are also not clearly established. Account-specific rates, network charges and verification triggers should be checked before transferring funds. Before using a crypto platform, it is important to read customer reviews of GroveX on independent websites.

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Trader Reviews

I deposited 10.79 USDT to GroveX, but the funds never appeared in my account. On other exchanges, deposits are usually credited much faster. I also noticed that their Telegram group chat had been disabled, which made the situation even more suspicious. Based on my experience, I would be very cautious about sending any money to this platform.

  • 5 hours ago

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