3.17 6 Reviews
3.17

FxGrow Review Summary

This company started its story in 2014 with the goal to give a good space for trade between clients and brokers, without conflict. They give transparent terms for trades via STP execution and have low ECN spreads. Moreover, they have negative equity security to make sure money from customers is safe. Their users have unrestricted entry to international marketplaces and great terms for trade with zero requotes and no rejection of orders. They apply innovation to their trading solutions - this benefits novices and pros alike.

FxGrow Review Highlights

Trading Platform: MT4, WebTrader, Mobile App
Cryptocurrencies N\A
Regulator CySec
Minimum Initial Deposit 100 US$
Leverage 1:30

Pros & Cons

Pros
  • Well-adapted
  • The spreads are comparatively low
  • Trading platforms to choose from
  • Offers the lowest possible spreads
Cons
  • Mediocre rate of leverage
  • Lacks the tools for education
  • No trial account
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
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What’s FxGrow?

This company started its story in 2014 with the goal to give a good space for trade between clients and brokers, without conflict. They give transparent terms for trades via STP execution and have low ECN spreads. Moreover, they have negative equity security to make sure money from customers is safe.

Their users have unrestricted entry to international marketplaces and great terms for trade with zero requotes and no rejection of orders. They apply innovation to their trading solutions – this benefits novices and pros alike.

Instruments

This company allows all clients see the transparent costs and provides the same products to all. They have on offer over sixty fx currencies as micro lots, cash CFDs with no limits for stop and limit levels, futures CFDs with micro lots and zero rollover fees.

They assist client via zero-cost learning materials and features, pro services from Protfolio Managers and a personal account manager.

They are offering the best possible opportunity to traders around the globe, and they have a number of accolades to show that.

Is this company secure?

This company is actually the brand name of Growell Capital which is overseen by the CySEC. So this means FxGrow complies with MiFID directives of the EU and can conduct cross border services.

All customer money is kept in separate accounts and in the best banks.

Retail clients are backed by the Investor Compensation Fund for Customers of Cypriot Investment Firm for an amount up to 20k euros.

There is another branch in Vanuatu. This offshore zone is not secure on its own, but thanks to additional regulation, this broker is a safe choice.

Platforms for Trades

The company does STP execution, so the speed of trades goes to nanoseconds. They chose the MT4 as a platform for desktop, smartphone and browser usage. They have pro tech on offer thanks to WebTrader which has Java tech streams financial info and graph instruments.

WebTrader is actually one of the broker’s most innovative innovations, as the workstation that uses Java technology to stream financial data and advanced charting software does not require installation and is always available.

The platform offers free VPS hosting, and unrestricted access to Trading Central ‘s Research Portal and Trading Signals. However, traders of any type are invited and allowed to use Hedging, Scalping, EAs or their own trading strategy.

AutoTrading

The firm partnered with Myfxbook AutoTrade and ZuluTrade. Both are great for copytrading established traders via the MT4 account of the user. There are no charges in order to join this. And you get a diversified portfolio!

Accounts

This is a very honest company that allows access to equity info, profits and back office service. Three forms of accounts are on offer and they differ according to the volume of money. The first account offers only spread and the other two offer commission along with that.

There are no hidden costs and you will be trading with the lowest interbank spreads. This is usually kept for market makers, so it is great users of this company have access to this.

Fees

See typical spreads below. For gold, the standard is 10 cents, for oil it’s 1 pip.

Bear in mind the rollover and swap charge, which is incurred if a position is held over 24h. Moreover, the swap-free account is great for those who follow Sharia laws.

Leverage

Leverage can potentially increase profits. But it has to be used in a smart way, since it also brings some risks. Thanks to the authorizations and MiFID directives, the max leverage is 1:30 for big currency pairs, 1:20 for minor pairs and 1:10 for commodities. Those signed at Vanuatu can have higher rates of 1:400.

Deposits & Withdrawals

Methods that are approved are: credit cards, transfers via bank wire, e-wallets (Neteller, Skrill…).

Deposit Min.

The min. deposit has no restrictions, so you can start out with even one dollar. Keep in mind the ECN account needs a hundred dollars for a beginning.

Withdrawals

There are no fees for withdrawals with cards, but e-wallet transfers incur a charge that varies.

Final Word

This company gives clients great trading terms – a vast scope of instruments and 3 forms of accounts fueled via STP and ECN tech.

They are trusted for a good reason and have very low spreads compared to the rest of the sector.

Official FxGrow Registration

Founded: 2008
Broker Type: N\A
Languages Supported: EN
Trading Instruments: Forex, Cash CFDs
Account Types: three types of accounts
Expert Advisors: N\A
Social Trading: N\A
Hedging: Yes
Scalping: Yes
Commission: Varies
Inactivity Fee: N\A
Swap-Free Account: Yes
Mobile Apps: Yes
Demo Account: N/A
Prohibited Countries: N/A
Trading Fees: N\A
Withdrawal Fees: Yes, minimal
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

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FxGrow Reviews

6 Reviews for FxGrow

  • Gioros says:

    The Best Platform and the Best Prices…’nuff said!

  • Jonathan D says:

    Very competitive commissions. Global range of securities. Everything online, no paperwork.

  • Mikhail L. says:

    I am ticket number 1924065 and I have submitted all the requested documents asked for in order to verify my card deposits and have had zero reply to my case despite chasing several times. How long is this going to go on for? 12 days is ridiculous enough without so much as a reply…

  • Aston M says:

    Generally my experience with the site has been good and I find it easy to use. However, there has been once major issue that has left a bitter taste. There was a bug in their system and they closed my trades without my knowledge (not related in any way to a stop loss being hit). In doing so, I closed deep in the red and by the time I came back online and noticed, the prices had changed and I lost a lot of money. They reimbursed me the spread that I paid for the trade but this doesn’t come close to covering the actual loss incurred as a result of their tech error.

  • Chris Bo says:

    Hard to make money..

  • Graham says:

    I have used FxGrow for almost 8 months mainly by the mobile app. The mobile app could definitely be upgraded in line wit other platforms. I’m not a big fan of the mandatory stop loss features as it caused a lot of auto closes . The leverage of x1 on crypto is poor and the fact we get charged 5% when you open a crypto trade is ridiculous. I’m definitely going to move my finds out when in profit. With an x1 it takes weeks to even break even. $25 widthrwal charge should be eliminated

FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

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