image FXGrow VISIT FXGROW image Vantage FX VISIT VANTAGE FX image Forex.com VISIT FOREX.COM
About

FXGrow is regulated by CySEC. FXGrow have provided Forex trading services since 2012.

Vantage FX is regulated by ASIC. Vantage FX have provided Forex, CFD, Binary Options trading services since 2009.

Forex.com is regulated by the Financial Conduct Authority. Forex.com have provided Forex, Commodities, Indices trading services since 1999.

Why choose them?
  • Yes Over 6 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and CySEC
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by ASIC
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
Headquarters Limassol, Cyprus Level 29, 31 Market Street, Sydney NSW, 2000 Australia London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No No No
Social Trading No Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 80
Commodities Offered 12
Stocks Offered 220
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes No Yes
Penny stocks No No No
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE No Yes Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei No Yes Yes
ETFs No No Yes
IPO No No Yes
See all instruments

Your capital is at risk

See all instruments

Losses can exceed deposits

See all instruments

70% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No Yes No
MT4 Mac Yes Yes No
WebTrader Yes Yes Yes
Mirror Trader No Yes No
ZuluTrade No Yes No
Sirix No No No
cTrader No No No
PAMM No Yes No
Custom Platforms No MyFXBook AutoTrade FOREXTrader PRO

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image No Yes Yes
Available Languages

English, Spanish, French, Greek, Arabic, Polish, and Serbian

English and Mandarin

English, Chinese, and Arabic

See platform & features

Your capital is at risk

See platform & features

Losses can exceed deposits

See platform & features

70% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by FXGrow and Vantage FX

Demo account Yes Yes Yes
Mini account No Yes Yes
Micro account Yes No No
Standard account Yes Yes Yes
ECN Account Yes Yes Yes
Islamic account Yes No Yes
Zero spread account No No No
VIP account Yes No No
Fixed spreads No No Yes
Variable spreads Yes Yes Yes
See account options

Your capital is at risk

See account options

Losses can exceed deposits

See account options

70% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes Yes No
Direct market access Yes Yes Yes
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade Varies 0.01 Lot Varies
Max trade Varies 20,000 lot 5 million
Min deposit $100 $100 $50

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes No Yes
Price alerts Yes Yes Yes
Signal trading Yes Yes No

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No No
Neteller Yes Yes No
Skrill Yes No No
Payment processing time Varies 1 business day Varies
Withdrawal processing time Varies 1 business day 1-2 business days
See all funding options

Your capital is at risk

See all funding options

Losses can exceed deposits

See all funding options

70% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries US, JP, NG, PK US, JP, NG, PK BE
Contact email Send Email Send Email Send Email
phone number 357-25-211707 +61 2 8999 2046 Yes
Live Chat No Yes Yes
Website www.fxgrow.com https://www.vantagefx.com/ http://www.forex.com
Forex Spreads
EUR/USD 0.00 1.00
GBP/USD 0.00 0.80 1.00
USD/JPY 0.00 0.60 0.90
AUD/USD 0.6 1.2
Cryptocurrency Spreads N/A N/A
View all FX spreads

Your capital is at risk

View all FX spreads

Losses can exceed deposits

View all FX spreads

70% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 0.15 250.0
Nasdaq 100 1 130.0
Euro Stoxx 50 0.1 4.0
ASX 200
S&P 500 0.4 50.0
FTSE 100 1 150.0
Google N/A N/A
Facebook N/A N/A
View all spreads

Your capital is at risk

View all spreads

Losses can exceed deposits

View all spreads

70% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee No No No
Commission No $3 per lot one way No
Deposit Fee No Varies No
Withdrawal Fee No $0- $25 No
View All Fees

Your capital is at risk

View All Fees

Losses can exceed deposits

View All Fees

70% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from www.fxgrow.com. Last updated on 01/07/2019.

All information collected from https://www.vantagefx.com/. Last updated on 01/07/2019.

All information collected from http://www.forex.com. Last updated on 01/07/2019.

Company

FXGrow is an online forex trading service provider who are regulated by CySEC, MiFID, Financial Conduct Authority, ACPR, BaFin, HCMC, FINANSTILSYNET, FI, CNMV. To open an account with FXGrow, minimum deposits start from $100.

With FXGrow you can trade FX, CFDS, energies, and metals. If you like to trade on the go, FXGrow have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

FXGrow offer MT4, Protrader, NetStation, GrowMobile, GrowBinary, GrowPro platforms to make your trades and support 3 different languages.

They offer traders a STP environment for no conflict trading.

The spreads offered by FXGrow for the most popular instruments are:
0.00003 EUR/USD, n/a FTSE 100, n/a GOLD,
0.00004 GBP/USD, n/a DOW/JONES, n/a Crude Oil,
see all the spreads here.

For more information about trading with FXGrow, we have put together an indepth FXGrow review with some of the pros and cons about this broker.

Vantage FX is an online forex and binary options trading service provider who are regulated by the ASIC. To open an account with Vantage FX, minimum deposits start from $100.

With Vantage FX you can trade Currencies, commodities, and indices. If you like to trade on the go, Vantage FX have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Vantage FX offer MetaTrader 4, MetaTrader 4 for Mac, Binary Options, MT4 WebTrader, MetaTrader 4 Mobile Apps, MAM/PAMM, MyFXBook AutoTrade, ZuluTrade platforms to make your trades and support 3 different languages.

The spreads offered by Vantage FX for the most popular instruments are:
0.1 EUR/USD, 2 FTSE 100, 40 GOLD,
0.6 GBP/USD, 3 DOW/JONES, 7 Crude Oil,
see all the spreads here.

FOREX is a market leading broker with over 15 years' experience in the industry serving over 200,000 traders worldwide. As a publically traded company on the NY stock exchange, regulated by multiple regulating bodies including the Financial Conduct Authority in UK, FOREX is a broker you can trust. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday.

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FXGrow or Vantage FX?

Offers VIP accounts or offers live chat support ?

If you’re a trader looking for a broker that offers VIP accounts, FXGrow may be the better option. However, if

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider FXGrow and Vantage FX to be equally reliable. We’ve broken down why below:

Who are they regulated by?

FXGrow is regulated by Financial Conduct Authority and CySEC, while Vantage FX is regulated by ASIC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, FXGrow will have very strict guidelines to follow to ensure they protect their retail trader clients.

Forex.com are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

FXGrow has been around for 7 years, while Vantage FX have been around for 10 years. Our third alternative broker, Forex.com, have been around for 20 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both FXGrow and Vantage FX use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on FXGrow or Vantage FX in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both FXGrow and Vantage FX are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

FXGrow are based in Limassol, Cyprus, while Vantage FX are based in Level 29, 31 Market Street, Sydney NSW, 2000 Australia.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both FXGrow and Vantage FX offer forex trading. Also, if you’re looking to trade cryptocurrencies,

neither FXGrow nor FXGrow offer commodity trading.

Vantage FX also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both FXGrow and Vantage FX offer this. Vantage FX also offer the new & improved MT5 platform. Our alternative broker, Forex.com, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

FXGrow does allow scalping and hedging. While Vantage FX also allows scalping and hedging. You can trade with EAs (expert advisors) on both FXGrow and Vantage FX.

In terms of risk management tools, FXGrow does offer negative balance protection to prevent you owing your broker more than you’ve deposited, but Vantage FX doesn't offer this.

FXGrow also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

FXGrow accept Neteller while Vantage FX accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, FXGrow and Vantage FX both charge points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: FXGrow or Vantage FX?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Vantage FX is more reliable based on our criteria above. Vantage FX has a wider range of instruments to trade. Vantage FX offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.