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FxGrow Summary

Trust Rating AWhat's this?

How BrokerNotes Trust Rating is Calculated:

Our trust rating takes into account a range of factors that influence a brokers reliability and reputation, These factors include how the broker is regulated, whether they use segregated bank accounts, their years in business, banking tiers, customer support offered, and much more.

 
  • Regulated by CySEC #214/13
  • Over 10,000 users
  • Over 8 years in business (established 2009)
  • Offers high leverage and bonuses
  • Client deposits are held in segregated bank accounts
Visit FxGrow Website Open a practice account
Losses can exceed deposits. Your capital is at risk.

BROKERNOTES

#1 FEATURED BROKER
AvaTrade logo
  • Regulated by the Central Bank of Ireland
  • Used by 200,000+ traders
  • Over 11 years in business
Visit AvaTrade to start trading

FxGrow Review

FxGrow
Trust Rating A
  • Regulated by CySEC #214/13
  • Over 10,000 users
  • Over 8 years in business (established 2009)
  • Offers high leverage and bonuses
Visit FxGrow to start trading
FxGrow
4.1 5 43

FxGrow Review

FxGrow is a Cyprus based forex broker regulated by CySEC. FxGrow over 100 instruments, mainly forex currency pairs.

FxGrow has been around since 2009 and has over 10,000 users. FxGrow offers various platforms and account types including the popular Mt4 platform. Clients can open an ECN mini accounts with minimum deposits starting at $100 and variable spreads as low as 1.2 and no commission on forex pairs. Clients who deposit more than $10,000 can get access to the FxGrow VIP account with much lower spreads and commissions starting from $8/lot.

FxGrow allow scalping, hedging, news trading and the use of expert advisors for automated trading. FxGrow offer VPS hosting and leverage up to 300:1 on VIP accounts and 200:1 for other accounts.

FxGrow offer accounts in USD, EUR, PLN denominations and offer support in English, Arabic, French Polish and Spanish

FxGrow screenshot

FxGrow Spreads from (view all)

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  • Website

    Min. Deposit: $100

  • Services Offered:

    Forex, CFDs, Copy Trading

    Min. Trade: 0.01 lot

  • Instruments:

    Forex, Indices, CFD's, Energy, Commodities

    Max. Trade: 50 lots

  • Excluded countries:

    USA

    Margin: 50% Margin call

  • Platforms:

    MT4, Mobile Apps, Web Trader

    Leverage: Up to 1:300

  • Apps:

    iPhone, iPad, Android, Tablet, Windows Phone

    Commission: $12/ 1 standard lot CFD (Each 100 lot (MT4) CFD equals 1 Standard lot CFD)

  • Payment & Withdrawals

    Payment methods

FxGrow Pros & Cons

FxGrow offers floating spread ECN accounts and allow clients to scalp, hedge and news trade on their platforms. FxGrow have guaranteed stop losses, guaranteed limited orders and one-click trading for a user-friendly trading environment.

Traders from the UK may be put off by the lack of support for accounts based in GBP. Traders who want to trade CFDs with no commission or a wider range of instruments of instruments may not find FxGrow suitable for their needs, check out our list of top CFD brokers for more options.

FxGrow also charge fees for withdrawals and this may be a deal breaker for some traders.

  • No inactivity fee
  • Offers tight variable spreads
  • Has guaranteed stop losses & limit orders
  • Allows one click trades
  • Has trailing stops
  • Offers price alerts
  • Allows Hedging
  • Allows Scalping
  • Allows EA integration and automated trading
  • Offer VPS services
  • Offers ECN/STP Account
  • Offers Islamic accounts
  • Charges withdrawal fees
  • Charges commission on CFDs
  • Does not offer fixed spreads
  • Does not offer accounts in GBP

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Financial spread bets and CFD trades are leveraged products, which means you could lose more than your deposits. If you’re hazy on exactly what that means, you shouldn’t trade.