Reviewed broker: FXGrow
Location: Cyprus
Operated by Growell Capital, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with (CIF) license no. 214/13
Regulated: Cysec, MiFID, FCA, BaFin, HCMC
USA traders: not allowed
Trading instruments: forex, stocks, commodities, futures, options
Trading platform: Metatrader 4, Netstation (web based), ProTrader
ECN: yes
STP: yes
Trading Platforms
MT5 Platform
The new platform is an updated and upgraded version of its predecessor, which has long been the industry standard for traders worldwide.
FxGrow is pleased to present the next generation MetaTrader 5 Platform, which includes everything you need to trade in the financial markets.
MetaTrader 5’s advanced charting technology and sophisticated order management tools help you monitor and control your positions swiftly and efficiently.
It is a compelling platform packed with brand new features aimed at improving your trading experience. It is available for free on all our account types.
- An intuitive interface makes it easy to use
- Trade with multiple order types
- Multiple charting and analytical capabilities
- Newsfeeds directly into the platform itself
- Support for custom technical indicators
- Ability to use Expert Advisors for automated trading
- Trailing stop loss facilities
- Real-time information, account summary, equity, P&L, and much more
- Multilingual support
Why Choose FXGrow
- Full Transparency
- Safety of funds with segregated accounts for customer funds
- STP broker
- Direct Market Access
- No dealing Desk
- Low spreads
- 1 nanosecond execution of orders
- No re-quotes, no rejections of orders
- Access to deep market liquidity
Account types review
ECN
- Interbank spreads with fees within the spread
- Spread starts from 1.2 pip
- Maximum leverage is 1:200
- Minimum deposit $100
- Swaps available
- MT4 platform
- Margin call 50%
- Stop out 30%
ECN PLUS
- Interbank spreads plus fees
- Spreads start from 0.1
- Maximum leverage is 1:200
- Minimum deposit is $1,000
- Swaps available
- MT4 platform
- Margin call 50%
- Stop out 30%
ECN VIP
- Variable spreads start from 0.0001
- Maximum leverage is up to 300:1
- FX commissions $8 for standard lot
- Minimum deposit requirement is $10,000
- MT4 and Webtrader platforms
- Margin call 50%
- Stop out 30%
- VPS hosting free
Currency pairs: 47
Account base currency: EUR, USD
Negative balance protection: yes
Spread types: floating
Islamic swap-free account: available
Expert advisors: allowed
Scalping: allowed
Hedging: allowed
Real time streaming data: yes
Payment Methods
Minimum payment requirement: $100
Note: all deposits and withdrawals are subject to commission fee with all payment methods, except OKPay. There are no fees on deposit over $1,000.
Payment methods: Credit/Debit cards (with commission fee of 2.25%!), Skrill (2.9% fee!), Neteller (3.9% fee!), OkPay, CashU, WireTransfer.
Customer Support and Educational Resources
Educational material: tutorials, market news, analysis, trading signals
Customer support: online chat, phone, email
How was the rating of FX Grow performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FXGrow FX broker performance and features.
Overall our online FXGrow review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FXGrow or you find inaccurate details FXGrow broker review please get in touch with us and the changes will be applied.
