Review of the "Grow Trading" Telegram Channel: A Classic Scam Targeting Gold Traders
- Anna Taimes
- Jan 20
- 3 min read
Within the saturated Telegram trading channels, “Grow Trading” emerges as a profitable venture for gold traders. Nevertheless, a critical evaluation of the activities, content, and performance indicators of the channel indicates a well-organized scam aimed at enticing gullible traders into a losing venture. This report distills information to uncover the deceitful activities of the channel.
Channel Overview:
Telegram Channel Link - https://t.me/GrowTradingAlerts
Metric | Details |
Channel Name | Grow Trading |
Launch Date | 30 October 2024 |
Subscriber Count | ~90,487 |
Average Posts/Day | ~10 |
Average Views/Post | ~4,400 |
Main Market | Gold (XAU/USD) |
Trading Style | Scalping |
Free Signals/Day | 1-2 on average |
Claimed Win Rate | N/A |
Verified Win Rate (6M Backtest) | 33% |
Free Education | No |
Public Face/Identity | No |
Paid Services | "Premium" VIP channel |
Website/Social Media | None |
Content and Signal Analysis
The contents of the channel are centered on free gold trading signals, images of successful trading, promotion of its VIP service, and images of the luxury lifestyle, which is often employed to create an impression of success.
The trading signals come in a problematic format. Here is a sample of the trading signals:
Gold sell now 4602- 4605
SL: 4608
TP: 4600
TP: 4598
TP: 4596
TP: open
This is one of the pillars of this scam. The TP1 is placed very tightly, sometimes at 20 pips, and then the stop loss is moved to breakeven as soon as TP1 is achieved. The idea is to give a very high chance of realizing a very small profit and then allowing bigger profit targets to be attained. But then again, this also means that the initial risk (SL to TP1) is very high when measured against this guaranteed profit. There is also a possibility that many small profits might be lost with one single loss.
Critical Red Flags & Scam Indicators
Grossly Inflated Number of Subscribers: With 90,487 subscribers and only approximately 4,400 views for each post (4.9 percent engagement rate), one can clearly see that the overwhelming number of subscribers are either bots or fake accounts.
Poor Signal Performance: A backtest of the free signals for a period of six months showed a win rate of only 33%, which is abysmal for scalping signals and ensures a loss for those following them.
Complete Lack of Transparency: There is no real individual, face, name, or documented trading record associated with this channel. This anonymous operation is a serious concern, given the industry’s need for transparency.
Deceptive Marketing Practices: The marketing channel regularly publishes misleading screenshots of MT4 accounts that are running in profit, probably from a demonstration account.
The Scam Funnel: The entire process is designed like a funnel to monetize its victims. This process has been designed to deceive.
This is yet another scam Gold Signals channel, with small TP 1 to lure you into believing that free signals are very profitable. With an average TP 1 of only 20 pips and stop loss to breakeven triggered after TP 1 is achieved, such signals will generate very little profit for such potentially huge losses. The fake mt4 screenshots displaying running profits (which are definitely generated on a demo account) will be shown every time the price moves by at least 10 pips in an attractive way.
The aim of such an arrangement is to deceive traders to subscribe to vip services. Admin will assure you that it is free. They will request you to register an account with their broker, then make a deposit, then they will finally add you to a vip signal group with very poor signal quality, which are losing signals.
Conclusion and Verdict
The "Grow Trading" Telegram channel is not a legitimate educational or signal service. It is a sophisticated scam that uses deceptive engagement, deceptive performance proof, and a manipulative signal setup to provide a convincing appearance of skill. The ultimate intention is to get subscribers to join a managed account setup or a VIP group that provides similar low-quality signals, usually associated with a specific, probably unregulated brokerage.
0/10 TRUST SCORE
Final Warning: This channel is to be avoided under all circumstances. The evidence is conclusive that there is a clear intention to deceive. The 33% win rate is enough on its own to indicate that a strategy is failing, and the presence, though anonymous and inflated, is enough to indicate that there is malicious intent behind it.
