FxGrow Broker Reviews and Full Information

What is FxGrow?

The FxGrow broker firm was founded in 2014 with the intention to offer a secure trading environment for both the client and the broker, ensuring that any type of conflict cannot occur. The broker offers transparency in trading terms through the execution of orders using STP of orders, and the low ECN spreads starting at 0.00001 and the protection of negative balances to ensure the safety of the funds of the client.

Clients who choose FxGrow have an unlimited access to global financial markets and unparalleled trading conditions for trades, with no requotes, and no cancellation of orders. The new and innovative solutions for trading meet the to the needs of investors all the way from beginner traders to professionals in trading with years of experience in trading experience. 

FxGrow Pros and Cons

FxGrow is a licensed broker that offers an easy account opening process, a wide instruments and top-quality STP trading execution using tools and platforms. The company offers education materials as well as various deposit methods that are supported.

On the other hand, the fees for trading on certain instruments could be more expensive, and there's no 24 hour assistance.

FxGrow Review

10 Points Summary

Headquarters Cyprus
Regulation CySEC
Instruments 60 currencies from Forex are available as micro lots, CFDs in cash Futures CFDs
Platforms MT4, WebTrader, Mobile App
EUR/USD Spread 1 Pips
Demo Account Provided
Base currencies EUR, GBP, USD
Minimum deposit 100$
Education Tools for analyzing and teaching free of charge
Customer Support 24/5

Awards

FxGrow assists its customers with free analytical and educational tools and with fund management solutions that are professionally that are managed by Portfolio Managers. They also provide the services of a account Manager for each customer. Overall, the brokerage endeavors to provide the most effective choices to the global trader. There were numerous awards to recognize FxGrow goals.

FxGrow awards

Is FxGrow secure or is it a scam?

Yes, FxGrow is not a fraud, they operate within the regulatory authority and is monitoring the low-risk Forex trading.

Any serious broker must operate within the framework of the law and be licensed , which guarantees the safety of traders. In the case of FxGrow that is the brand name owned by Growell Capital, it is licensed and regulated through the Cyprus Securities and Exchange Commission (CySEC). In line with the aforementioned, FxGrow governed by directives that are formulated by MiFID in the European Union and respectively authorized to provide cross-border services by numerous European authorities.

FxGrow licenses

Thus, to provide an environment that is secure and safe for trading, FxGrow offers secure and safe operations that are transparent in their transactions. All funds from clients are stored in separate accounts for customers, which are maintained in top banks and monitored every day.

Retail client funds are protected with the Investor Compensation Fund for Customers of Cypriot Investment Firms , with up to 20000 EUR for each client. Alongside durable security protocols that ensure the site's and platform security.

However it is true that another alternative entity serviced by offshore zone Vanuatu and is unsuitable for trading. But, because of the an additional regulation by European authorities, we believe that it is constantly monitored by other authorities, making it a safe choice for broker.

Instruments

The broker is however, the broker does not split their customers into different groups and provides a range of services and products that everybody deserves with a clear price feed identical for all customers and without exclusion. Markets offer a wide range of options that include 60 foreign currencies that are available with tiny lot sizes, Cash CFDs without restrictions on stop and Limit amounts, Futures CFDs as well as micro lots, and no overnight costs.

 

Leverage

Also important to be aware of is the the leverage levels provided by FxGrow since leverage is commonly utilized by traders and could significantly increase your chances of earning. However, only if you make use of tools in a smart way because unnecessary risks could cause losses too.

Because of FxGrow regulatory requirements and the set of rules set by MiFID The maximum allowed leverage is 1:20 in the case of major currencies and 1:20 for the minor ones, and 1:10 in the case of commodities. When international traders have signed an account with the FxGrow Vanuatu entity may apply for a more leverage of 1:1400 in the case of Forex instruments.

 

Types of accounts

It is possible to choose from three kinds of accounts that are offered by FxGrow which differ by deposit amount and the conditions that apply to them. Standard accounts only offer spread, and the other two offer commission and spread basis.

FxGrow accounts

Fees

The pricing approach at FxGrow designed to give transparent costs with no charges hidden, no matter what you trade using the lowest Interbank spread which are usually reserved to market makers and institutional traders, but can be used to the significant benefit for FxGrow's clients.

Another expense that you must take into account are one called an cost for an overnight charge or swap rate, which is charged when the account is kept for longer than one day, and Islamic traders can be eligible for the free swap account because they adhere to a specific principles.

 
Fees FxGrow Fee CMC Markets Fee FXCM Fee
Deposit fee No No No
Withdrawal fee No No No
Inactivity fee Yes Yes Yes
Fee rating Low Low Average

Spreads

The typical spread you can find below, and the average price is around 10 cents on Gold. one pip in Crude Oil and Dow Jones is considered to be a low spread in the industry and you can look at fees compared to another well-known brokerage The LCG.

 
Asset FxGrow Spread CMC Markets Spread FXCM Spread
EUR USD Spread 0.6 pip 0.7 pip 1.3 Pips
Crude Oil WTI Spread 1 pip 3 pip 4 pip
Gold Spread 10 cents 3 0.76

FxGrow spread

Deposits and Withdrawals

Once you have completed opening an account, you can transfer funds into trading accounts by any of the many accepted methods like credit card or electronic wallets (Neteller, Skrill, WebMoney, Ok Pay, Qiwi, Yandex Money, dotpay) as well as internal transfers as well as bank wire.

Minimum deposit

There isn't any requirement for the minimum deposit amount for FxGrow so any choice accepts deposits starting at 1dollar. But, it's the initial deposit allows you to trade different currencies is the account you select in your account settings, so ECN accounts require 100$ for the initial deposit.

FxGrow minimum deposit in comparison to other brokers

  FxGrow Most Other Brokers
Minimum Deposit $1 $500

Withdrawal

FxGrow doesn't add any additional charges to the transactions using FxGrow's withdrawal card transactions. However, the e-wallet could be subject to additional fees that differ between payments.

FxGrow withdrawal

Trading Platforms

Through the STP execution FxGrow does indeed cut down the time required to complete transactions to nanoseconds for accurate pricing which is an essential aspect of trading. Thus, the speed of the platform is crucial to success as well and a large proportion of the firms FxGrow picked as its principal source of revenue. an award-winning MetaTrader4 that has versions that are mobile, desktop or web-based use.

WebTrader is one of the most modern technologies offered by the broker, as the workstation , which uses Java technology to stream financial information and sophisticated charting tools does not require installation, and is constantly "ready".

FxGrow zulutrade

The platform gives you VPS hosting for free together with unlimited access to the Research Platform and Trading Signals that are provided via Trading Central. Nevertheless traders of any type are welcome and permitted to utilize scalping, Hedging EAs, or their the trading strategy of their own.

AutoTrading

Furthermore, FxGrow is an official strategic partner of Myfxbook AutoTrade and ZuluTrade which are world top software that allows you to copy expert trading techniques directly into the FxGrow account of the customer. It is also a plus that the cost of joining is zero$1, and there are no other costs, in addition to the benefits of a diverse portfolio of traders and a variety of rated.

 

Conclusion

Then, FxGrow review shows the broker's capabilities with the broadest range of instruments for tradingfair trading conditions by means of three kinds of accounts powered by STP as well as ECN technology. Earned trust comes with many benefits one of which is the fact that a broker is licensed by the law applicable to it providing among the most competitive spreads in the businesswhile when combined, it's an easy but powerful argument to traders.

Summary
Properties Values
Name
FxGrow
Minimum Diposit
$ 100
Leverage
1:30
Regulation
CySEC (Cyprus),,,
Headquarters
Cyprus
Established
2015
Address
Arc. Makariou C 59,Steratzias Court Block A, Office 14, Limassol, 4003, Cyprus
Platform
MT4,MT4 WebTerminal,,,
Payment Method
Visa,Mastercard,Wire,Skrill,Neteller,Webmoney,Maestro,CashU,Qiwi,,,
Overview
Properties Values
Spreads
1 pips
Min Position size
0.01
Broker Type
STP (Straight Through Processing),ECN (electronic communications networks),,,,,,
Account Type
Mini account,Standard,,,
Brokers by Country
Cyprus Forex Brokers,,,
Techniques
Scalping Forex Brokers,Hedging Forex Brokers,Automated Trading Brokers,Mobile Trading Brokers,,,
Instruments
Forex Trading Brokers,Gold Trading Brokers,Crypto Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Metal Trading Brokers,,,
Account currency
USD,EUR,GBP,AUD,CAD,XAU,JPY,,USD,,USD,
Tools
Economic Calendar,Charting Software,,,
Website Languages
en,,,
Support languages
en,,,
Bonus
Yes
Reviews Rating
3.5
Withdrawal Fee
Yes
Trading Signals
No
Free Education
Yes
Daily News
Yes
Demo account
Yes
Swapsr
Yes
Pors
1. Used by over 10,000 FXGrow users and traders
2. Established in 2012
3. Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
4. Min. deposit from $100
Cors
1. Not ASIC Regulated
Display Analysis
Yes
Serving country
CY,,,
Not Serving country
AU,US,,,
Contests
Yes
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
Yes
Social trading
Yes
Web trading
Yes
Forex pairs
Yes
CFDs
Yes
Crypto
Yes
Hedging
Yes
PAMM
Zulu trade,Myfxbook Auto trade,Mql5 signals,,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+357 25 211707
Customer Support
24/5
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