I stayed trading through eu growbot last year after a friend had recommended it to me. I had no idea about trading and was a bit unsure. Ben however has been very helpful, patient and always replies p... See more
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See what reviewers are saying
Have been using this bot for a week, no hundreds of open positions, no crazy drawdowns, focus on quality over quantity. So far experience is good, support is good too.
Company replied
The new EURUSD bot is awesome. Lost 30% on the now discontinued gold growbot, but still closed in profit. Haven't had significant drawdown with the new EURUSD bot, and I even trade during major news e... See more
Company replied
I'm really glad i made the decision to start investing with growbot. Everithing is fully automated so i don't have to look at a single chart ever. Since i've started at the begining of october there w... See more
Company replied
Company details
Written by the company
Hey there! We're Growbot, a software company focused on spreading the joy of algorithmic trading. Our Growbot ensures 100% ownership, providing you with full control and autonomy over your trading strategies and profits 🚀
Contact info
, , , Netherlands
- info@grow-bot.io
- grow-bot.io
You should know
3.6
Average
274 reviews
Replied to 85% of negative reviews
Typically replies within 2 weeks
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Joining Growbot was the best decision…
Joining Growbot was the best decision I’ve made for my trading journey. Their EA is powerful and delivers consistent results. I’ve seen my portfolio grow significantly, and I feel confident in my trades.
1 October 2024
Reply from Growbot
Hey Ava!
Thank you for sharing your experience! It’s fantastic to hear how Growbot has been a game-changer in your trading journey. Consistent results and portfolio growth are exactly what we strive to deliver. Wishing you continued success with your trades!
- Growbot Team
Small gains. HUGE LOSSES
I am not saying it's a scam. Because I did make some profits in the beginning. But small gains are followed by HUGE losses. The system doesn't work. You will see more negative reviews following this one for sure, especially from copy traders.
1. The 5 star reviews are paid. They ask everyone to write 5 star reviews and one lucky guy gets paid. So don't fall for the 5 star reviews.
2. Most people (if not all) made a huge loss recently in the election week, where 40-80% capital was wiped off. I lost 40% capital in just one day. They shouldn't have traded and that exposes their lack of expertise or the weakness of the bot or a combination of both.
3. They openly admitted that the system failed and came up with a new strategy and made changes to their bot. But even that is not working.
4. The Bot works when markets are predictable. So when the market becomes volatile, you lose all the gains that you made Plus your capital.
5. May be they will improve their bot in the future at the cost of investor money and with zero accountability.
I really doubt if anyone is profitable when I am writing this review.
They also have the audacity to increase their copy cost from 15% to 20%. This happens when their bot wiped off people's capital.
It's not a scam but it doesn't work and you will surely lose your money.
11 November 2024
Unprompted review
Reply from Growbot
Hello Raj,
Thank you for taking the time to share your concerns. Transparency is a cornerstone of our operations, so I’d like to address the points you raised directly.
First, we do not incentivise reviews. While we encourage clients to share their honest experiences, the reviews reflect individual perspectives, not fabricated ones.
Regarding the market losses during election week, the volatility was indeed unprecedented and impacted many traders worldwide. We openly acknowledged this and made adjustments to improve risk management moving forward. No trading system is immune to extreme market conditions, but we continually refine our strategies to adapt to such challenges.
Our bot’s performance is rooted in long-term consistency rather than short-term gains. While volatility may cause temporary setbacks, many users have achieved sustainable growth by adhering to risk guidelines and trading recommendations.
The increase in copy costs was implemented to maintain and enhance the quality of our services. It wasn’t a decision taken lightly but reflects the value we continue to provide, including comprehensive support and updates.
We understand your frustration and respect your experience, but we remain committed to delivering a service that balances growth with prudent risk management.
- Growbot Team
Put £1k into my account and on Friday…
Put £1k into my account and on Friday the bot had a meltdown, I lost 50% of my account balance. They are looking to release a fix for this but its tough as regards the £500 I lost. Had high hopes for Growbot but that has put me off. Be very careful.
8 November 2024
Unprompted review
Reply from Growbot
Hey Pete,
Thank you for sharing your experience. We understand your frustration and apologise for the loss. It's important to remember that while no trading system is without risk, our team works hard to provide regular updates and guidance to help mitigate those risks. We are committed to improving the bot and addressing any issues as they arise. Please reach out to our support team directly so we can review the situation and assist you in recovering from this setback. We value your trust and hope to continue supporting your trading journey.
- Growbot Team
Lost money!!
I put in £1000 pound with the expectation of gaining 10% a month.
After day 1 I’m down to £785
Lost £215 in the first day!!!!!!!
7 November 2024
Unprompted review
Reply from Growbot
Hey Simon,
Thank you for sharing your experience. We're sorry to hear about the initial loss, but it's important to remember that trading comes with inherent risks, and performance can fluctuate, especially in the early stages. Our team provides regular guidance and strategies to manage risk and maximize returns, but we always encourage clients to be mindful of market conditions. If you need support or have any concerns, please reach out to our team, and we'd be happy to assist you in adjusting settings or answering any questions.
- Growbot Team
Losses outweigh the gains
I have been running the various bots on offer from Growbot for 6 months and in that time I have overall made a loss. Just recently, I have noticed a change in how the Growbot team responded to losses - 6 months ago, they were honest about their results and they were published daily (good or bad) to new and potential customers via both their public and private Telegram groups. Now, losses seem to only get mentioned in the private Telegram group (for existing customers, who know about the losses anyway), and anyone who only has access to the public Telegram group would be forgiven for thinking the profits are still rolling in (they are not)
I originally lost 40% not long after signing up in April 2024, when the original bot trading XAUUSD had a bad day. The Growbot team replaced that with a new bot trading EURUSD - this did well and I had just about made my money back when they took the disastrous decision to revert back to XAUUSD about a month ago. I have genuinely now lost count of the number of days that this bot has lost money over the past month, and I am back to where I was in April.
To anyone thinking of signing up, I would strongly suggest being very careful with any bot they offer trading XAUUSD. The old EURUSD bot worked better for me, but I have now found another EA that suits my needs better so I have given up with Growbot's EURUSD bot, too.
9 November 2024
Unprompted review
Reply from Growbot
Hello Paul,
Thank you for sharing your detailed feedback. We genuinely value input like yours, as it helps us continue improving our services and addressing concerns directly.
First, we want to acknowledge your experience and regret that your results haven't met expectations. Trading does carry inherent risks, and while we strive for consistent performance, losses are part of the process. Our goal has always been transparency, and we remain committed to providing clear updates, whether in public or private groups. Adjustments to communication channels are intended to ensure tailored guidance for users who are actively trading.
Regarding your concerns about XAUUSD, we take such feedback seriously. Market conditions for gold can be volatile, and while some clients benefit, we recognise it may not align with everyone’s risk tolerance. Our EURUSD bot has indeed shown consistent performance historically, and we’re always refining strategies to provide balanced options that suit varying needs.
We’re sorry to hear that you’ve decided to move on but are glad you’ve found a solution that works for you. Should you ever wish to revisit Growbot or discuss your experience further, we’re here to help.
- Growbot Team
Works just great ... until it doesn't
First: this is definitely not a scam. But it is risky.
Second: when trading, you are responsible for your own accounts and have to accept the risks - losses are part of the game.
I have been using the various flavours of Growbot for over 6 months, from the original gold EA to the EURUSD, and back to gold. The team behind it are very friendly, responsive and helpful. They also seem to be experienced traders, generally making good decisions. However, they do remain faceless and nameless; you don't know who or where they are, whether there are 1, 2 or 150 people.
The bot itself tends to make consistent daily 1% profits, but then loses big. The first gold EA lost 30-40% of my account (can't remember precisely). The EURUSD seemed more stable, and I don't understand why they returned to the famously volatile gold. They don't have to justify their decisions, they just decide. I got nervous, withdrew some of my money to see how it went and moved from the VPS EA to copy trading, because at least whatever happened to me happened to them first and I slept better at night.
Copytrading costs 15%-20% of profits (though they don't reimburse losses of course!) It is very slightly delayed, by microseconds, but this can and does have an impact - one time they reported a slight gain after a huge drawdown, but I saw a slight loss. Drawdowns can get very large indeed. Sometimes they recover, sometimes they cut their losses cleverly, but sometimes they get out of control like yesterday.
I don't understand why they decided to trade on the last day of the election week, when they don't usually like to trade on Fridays because they don't like to keep positions open over the weekend. Maybe they had targets or something. After the EA had recovered the previous loss of around 20% from last month, and my account was slightly in profit, it subsequently lost about half my account. However the revenge trading that continued throughout the day made me think they would blow it all. The inexpicable decisions completely lost my trust so I unsubscribed and withdrew what I had left.
You might get lucky with your timing and be able to withdraw your wins before the big loss comes. Or - more likely - you might not.
I thank growbot for introducing me to trading, I have lost some money but learnt so much through the process. I wish them and you all the best of luck but I'm now ready to do it on my own with a structured approach and be responsible for my own decisions, with limited drawdowns and losses. Ultimately, you have to take resposibility for your own decisions and accounts.
8 November 2024
Unprompted review
Reply from Growbot
Hey Steve,
Thank you for sharing such a detailed review and for acknowledging that Growbot is a legitimate service with a dedicated team. We appreciate your honest reflections, and we're glad you’ve gained valuable trading knowledge during your journey.
You’re absolutely right—trading always involves risk, and it’s crucial for users to approach it with the mindset that both gains and losses are part of the process. Our team works hard to provide clear guidance and strategies designed to mitigate risk, but as with any trading tool, success depends on responsible usage and a long-term perspective.
We genuinely value your feedback and wish you every success as you continue your trading journey independently. If you ever decide to return, know that we’re here to support you.
- Growbot Team
What started out very good, soon nose dived.
A complete waste of time. What started out as excellent in September, gradually it went down hill.
I invested £425 in September, the bot made me realistic profits.
A severe loss in October, which I took on the chin. I realise they're losses in forex.
Then on the 8th November my balance is now standing at £4.12. They should of never traded on an election week.
What have I learnt? Never invest in a bot again. One day I will learn to trade myself. Where I am in control of my funds.
Please think twice before investing. As for the glossy advertisements about Growbot, sorry in future, I will turn a blind eye to them.
9 November 2024
Unprompted review
Reply from Growbot
Hey Ellen,
Thank you for sharing your experience. We understand your frustration, and we're sorry to hear about the losses you've faced. Forex trading, by its nature, comes with risks, and market volatility can lead to unpredictable results, especially during high-impact events like elections.
We always advise caution around such times and aim to provide guidance through the Telegram group. While we strive to deliver consistent returns, losses are an inevitable part of trading, and we encourage users to manage their risk accordingly.
We appreciate your feedback and wish you the best as you continue your trading journey.
- Growbot Team
Steady Profits from a previous big loss
They have switched to EUR/USD strategy and things have improved (14% in a month).
Previous XAU/USD Strategy
Most days are nice steady profits between 0.5-1% a day. Then you get hit by big loses. I've been in for 1 month and I'm down 33%. I'm still a little optimistic that it will come back as there are regular upgrades. I wish the team included their loses on the public group. As it doesn't look accurate and looks a little dodgy as they're just positive
8 November 2024
Unprompted review
Reply from Growbot
Hey Ben!
Thank you for sharing your experience. We appreciate your honesty and feedback about transparency—it helps us improve. While we aim for consistent results, we understand that losses can be challenging, and we’re continuously working to enhance the bot and provide accurate reporting. Your optimism means a lot, and we hope the upgrades bring the recovery you’re looking for.
- Growbot Team
Do not trust them with your money
I read about this company and the reviews were not that bad, so I thought I would give it a go. I put €600 into the account, but in one hour I lost everything. The AI just went crazy and closed deals of €-50 which lead to my account being drained. I do not think they are scammers and just steak your money, but the AI is not good enough and now I lost everything.
DO NOT DO THIS
Added:
I see that they commented on my review, but they do not reply on the messages I sent them. They do not want to help me, but they do want to look like they want to help. They also say that there are risks to trading which is true, but they said the bot would stop trading at -17%, but I lost 550 euro's (almost 90%) and the bot did not stop automaticly. This does not mean they are a scam, but their bot just has some flaws to which I lost all my money.
8 November 2024
Unprompted review
Reply from Growbot
Hey Max,
Thank you for sharing your experience, and we’re sorry to hear about the issues you faced. We understand how upsetting it can be when things don’t go as expected. However, it's important to remember that trading, especially with automated systems, involves risks, and we always emphasise managing those risks through proper settings and guidance.
We recommend reviewing the trading times and risk management guidelines provided by our team to help avoid significant losses. If you ever encounter issues, our support team is always available to assist and ensure your settings are aligned with safe trading practices.
We value your feedback and are here to help you make the most of your experience with Growbot.
- Growbot Team
Not worth it, don't do it!
Started with £500 deposit on 22/10 and lost it all via growbot. I followed everything they said in terms of risk management but still lost. It would take a long time to make this loss back with them so as of today I won't be using the bot anymore. Good luck to anyone who decides to give it a go but I would save your money if I were you!!
8 November 2024
Unprompted review
Reply from Growbot
Hey Valentina,
Thank you for sharing your experience. We understand your frustration and are sorry to hear about your recent performance. While trading can come with ups and downs, Growbot is designed with risk management in mind, helping to minimise the impact of market volatility. We always encourage clients to follow the weekly updates and adjust settings as needed to align with their risk tolerance. If you'd like, we’re happy to review your setup and offer suggestions for improvement.
- Growbot Team
Small wins & big losses
Small wins & big losses. Avoid & don't believe a word. Honestly you'll be happy you dodged one. Unfortunately I fell for it...
8 November 2024
Unprompted review
Reply from Growbot
Hey Francis,
Thank you for sharing your thoughts. We understand your frustration and always strive to provide clear guidance and risk management to help users get the best results. Our approach emphasises consistency and gradual growth, with careful attention to avoid large losses. We encourage all users to follow the strategies and settings provided, as this is key to minimising risk.
If you have any further questions or concerns, our support team is always available to assist. We appreciate your feedback and hope you reconsider giving the system another chance.
- Growbot Team
Avoid at All Costs
Well, started ok. Service was great, easy set up etc and steady returns.
However, god knows what they were smoking last night but they’ve managed to tank my account -1.3k in the space of 6 hours. They accepted their trading subscription had an error and said they’d day trade today to recoup our losses, instead I lost another 300 pound in the last two hours. Suspended the subscription, won’t be reactivating. I will be asking customer services for an explanation as this is an absolute joke.
8 November 2024
Unprompted review
Reply from Growbot
Hey Cal,
Thank you for sharing your feedback. We understand your concerns and sincerely apologise for the losses you've experienced. We strive to provide clear and reliable services, and we take issues like this seriously. The trading error you mentioned was an unfortunate situation, and we appreciate your patience as we work to resolve it. Our team has been actively addressing this and aims to ensure that such incidents are minimised going forward. Please reach out to customer support for a detailed explanation and further assistance.
- Growbot Team
Another scam
Another scam. Please be carefull if anyone goes for it. They have just lost 95% and if they tell you otherwise they are lying. They make their money on the signups and take 20% of all profits. That should be the bell warning. Please take these companies down.
They still lost over 95% no matter what they say
8 November 2024
Unprompted review
Reply from Growbot
Hey Nic,
Thank you for sharing your thoughts. We understand your concerns and take all feedback seriously. However, we want to clarify that Growbot is committed to transparency and responsible risk management. Our focus is on providing consistent results and support to all users. While trading does involve risks, many clients see positive outcomes by following the guidance provided.
It’s important to remember that our company has over $150,000 of our own funds deposited in broker accounts. When clients experience losses, we do too.
We’re always here to help and encourage open communication to address any issues directly.
- Growbot Team
Update of statements
Initial investment of 1500Euro was getting steady return of 15% in first weeks. Since they changed to gold their system failing consistently.
Bad strategy and very bad performance.
I know loses can happen but their strategy has nothing to do with protection of your money.
Lost whole lot of my initial assets and profits, that is second time they did this.
Previously they wiped 30% of my assets and I said ok lets see how you will manage your strategy.
Don’t use grow bot at all cost. If you still have money in your account withdraw it.
Gain of 15% in 3 weeks but loses of 100% in one night is not good strategy.
7 November 2024
Unprompted review
Reply from Growbot
Thank you for sharing your thoughts, and we're sorry to hear about your experience. We understand your concerns regarding recent performance, and we always strive to improve our strategies. The shift to trading gold was a careful decision, but like any market change, it can present unique challenges. Losses are an inherent part of trading, and we continuously work to manage risks through our guidance and risk-control strategies.
We appreciate your feedback and are committed to addressing any questions or concerns you may have moving forward. Please feel free to reach out directly for further assistance or clarification.
- Growbot Team
$553 GONE IN ONE DAY!
I would like to preface this by saying that they did NOT steal my money.
I initially invested $553 and they were doing well in the beginning. The account grew by $100 and I was recommending this to all my friends. Thank god no one joined. They lost around $200 one day and that was ok because that is a normal part of trading.
Regular trading with profits resumed and my account was almost at breakeven when I woke up today to 16 open buy positions!!!! Can you imagine 16 trades of .02 / .03 on a $520 account? It felt like their EAs saw the price of gold go down and decided to revenge trade by opening multiple buy positions.
In no time, the price of Gold went further down and guess what, the broker automatically closed all positions since my account balance could no longer sustain the losses. $553 down the drain in a span of 3 - 4 hours.
Support was very responsive in the beginning but of course, they stopped responding when I sent them irate messages asking them to explain why there is no risk management.
Please take this as a cautionary tale and bear in mind that these so called professional traders have no concept of risk management (no stop losses) to protect your account.
8 November 2024
Unprompted review
Reply from Growbot
Hi Valerie,
Thank you for taking the time to share your experience in such detail. I'm sorry to hear about the difficulties you faced—it's clear this was a significant setback and understandably frustrating. Your honest feedback about the trading experience and concerns over risk management is valuable, and it helps us reflect and improve our approach.
We aim to ensure the right balance of risk management strategies to protect accounts and maintain transparency, especially during market volatility. While it’s good to hear support was responsive initially, your comments highlight areas where we can better sustain responsiveness and communicate effectively, even in challenging moments.
We would also like to point out that we advise clients of our risk management strategy which was set to 40% protection of the account. We have now reduced this to only 6% loss in a sequence of trades.
We appreciate your review and take your cautionary notes seriously.
- Team Growbot
Wow is all I can say, avoid at all costs !
Wow is all I can say
I thought I’d give this company a go and invested £500 into it
Yes the is a risk in trading but the decisions this company makes with your money is just awful
This money lasted maybe two weeks and after what I’d call disastrous decisions by this company all the money was wiped out
Please don’t use this company and trust your trading in them as you will just lose it all
Learn to trade and do it yourself with safety margins but in, this company just keeps trying to claw back losses with no care or attention to your money
Avoid at all costs
8 November 2024
Unprompted review
Reply from Growbot
Hey Lee,
Thank you for sharing your experience. We genuinely appreciate all feedback, as it helps us improve. We're sorry to hear that your time with us didn't meet your expectations. Risk management is crucial in trading, and we aim to support clients with tools, guidance, and communication to minimise potential downsides. We understand how challenging losses can be, and our team remains committed to continuous improvement and learning.
If you'd like to discuss your experience further or share more details, we’re here to listen and help as best we can.
- Team Growbot
Bad tradingbot growshitbot
Bad tradingbot growshitbot
I have the same experience as others.
Beware of the Fake screenshots, and Fake paid reviews. They are offering money in return of a positive review which proves that their bot doesn’t work. This company is fraudulent and the bot is absolutely rubbish, they are buying and reselling this so called amazing bot from freelancers for funded challenges which never works and reselling them to people by showing Fake and photoshop edited screenshots.
Avoid this fraud and scam company or else you will lose your hard earned money!! Please report this company to Trading Standards and prop firms if you have been scammed by them.
22 October 2024
Unprompted review
Reply from Growbot
Hello Munawar,
It's a shame that you're now making fake pages to review our service. We will respond the same way as we did with your last fake review of our services.
We are aware of your situation and it’s unfortunate that you've chosen to make these false claims after using our funded Expert Advisor (EA). After purchasing the product, you tried to delete our chat history and initiated a chargeback with your payment provider, despite having received and used the EA as promised.
We want to be clear: our EA is a genuine, in-house product, and we take pride in its performance. We do not engage in fake reviews or manipulated screenshots, nor do we pay for positive feedback. Your claims are entirely misleading and inaccurate.
If you had any concerns with the product, we would have preferred that you reach out to us directly to resolve them instead of attempting a chargeback and making baseless accusations. We stand by the quality of our product and are more than willing to provide all necessary evidence to prove the legitimacy of our business practices.
Unfortunately, instead of discussing your concerns with us directly to reach a resolution, you have chosen to threaten our business and team, which we take seriously. We have always been clear that results with prop firms cannot be guaranteed, and we emphasised this before you signed up for our service. It’s unfortunate that you’ve chosen this approach, but we will let our legal team handle the matter moving forward.
- Team Growbot
Great start trading with Growbot
Great start trading with Growbot! Very professional setup and amazing support from the growbot team, as I had some struggles to complete everything (which says more about me 😊)
Now the setup is running and directly profitable.
Keep up the good spirit.
By the way, in my second week there was a loss which obviously can happen, it’s part of the risk. Transparency and good communication during that specific day was outstanding! I still believe in Growbot and their partners!
18 October 2024
Unprompted review
Reply from Growbot
Hey Familie,
Thank you for your review! We appreciate your kind words about our professional support. It's fantastic to know that your setup is running smoothly and delivering profits.
Growbot Team.
Been doing this now for 3 weeks
Been doing this now for 3 weeks. Already up to 10% profit.
There is always someone on the other side of the chat to help you out and if they can’t, they will pass it onto the tech team. Who will be in touch very soon.
Thanks
11 October 2024
Unprompted review
Reply from Growbot
Hey Kirt!
Thank you for leaving a review! It's fantastic to see you've already made 10% profit in just three weeks. We're also pleased to know that our support and technical teams have been responsive and helpful. We appreciate your trust in us!
Growbot Team.
These Guys are by far the best EA I…
These Guys are by far the best EA I have had the pleasure to use in the last 4 years I’ve been trading! They only trade when they can see a high probability of the trade yielding a profit!
They reply back quickly and are very courteous! Give these guys a go, hopefully you’ll make a little something on the side!😁
9 October 2024
Unprompted review
Reply from Growbot
Hey Sanjeev!
Thank you for sharing your experience! We appreciate your kind words about our strategy and support. It's fantastic to know that you've found value and reliability in our service. We’re committed to helping you continue to make consistent profits.
Growbot Team.
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