FxGrow Review 2020
FxGrow is a multi-regulated online trading broker that offers multiple tradable assets via the MT4/MT5 trading platforms, along with a range of trading tools and educational resources.
FxGrow Review 2020, Pros & Cons
- MetaTrader platforms
- Useful trading tools & educational materials
- Multiple financial instruments
- Various account funding options
- No US clients
- Not the lowest commission fees
- No fixed spread accounts
- Capped leverage
In this detailed FxGrow review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
FxGrow is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including FxGrow.
FxGrow Review: Summary
Fxgrow was founded in 2008 and has since grown exponentially that it is currently serving retail and institutional clients in over 100 countries. They allow clients to trade multiple tradable assets, including forex, indices, commodities, metals, energies, CFDs, futures, and cryptocurrency via the MT4 and MT5 trading platforms. Traders enjoy access to a range of favorable trading conditions, such as negative balance protection, no last look execution, and much more. The broker has won several industry awards, which includes the Best Liquidity Provider of the Year 2018, the Best Broker of the Year 2012, and many others.
FxGrow Review: Regulation
FxGrow is a brand name of Growell Capital, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with (CIF) license no. 214/13.
FxGrow Review: Countries
The broker does not accept or solicit US and Australian citizens and clients who possess dual citizenship from the United States or/and Australia.
Some FxGrow features and products mentioned within this FxGrow review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
FxGrow Review: Trading Platforms
MT4/MT5 Trading Platform
The broker provides traders the sophisticated MetaTrader 4 and MetaTrader5 trading platforms. MT4 is an award-winning trading platform that offers advanced analytical tools. The MT5 platform has all the features of MT4 plus more. Both the MT4 and MT5 trading platforms can be downloaded on any of the following devices: Windows, Mac, Tablets, and smartphones: Apple and Android.
FxGrow Review: Trading Tools
Clients also benefit from a range of useful trading tools asides those already built into the MT4 and MT5 trading platforms. They include Trading Central, Calculator, Economic Calendar, Trading Signals, Trading Insights, and more.
FxGrow Review: Education
The broker provides traders with a selection of educational resources, which help to improve clients’ trading skills and knowledge. They include daily analysis, research platforms, and newsletters.
FxGrow Review: Trading Instruments
FxGrow gives traders access to trade multiple tradable assets, including forex, indices, commodities, metals, energies, CFDs, futures, and cryptocurrency, via the MT4 and MT5 trading platforms.
FxGrow Review: Trading Accounts & Fees
The broker offers traders multiple trading account types, including ECN ($ 100), ECN-PLUS ($1,000), and EVN-VIP ($10,000).
FxGrow Review: Customer Service
The customer support team is available 24/7 and can be reached via telephone, Live Chat, and social media.
FxGrow Review: Deposit & Withdrawal
The broker accepts the following payment methods:
- Credit/Debit Card — such as Visa, MasterCard, Maestro
- E-Wallets — including Neteller, Skrill, YandexMoney, QIWI
- Bank wire
- Prepaid Cards — such as CashU
As broker fees can vary and change, there may be additional fees that are not listed in this FxGrow review. It is imperative to ensure that you check and understand all of the latest information before you open an FxGrow broker account for online trading.
FxGrow Review: Account Opening
It is easy to open a trading account with FxGrow; simply click on the ’open account’ button and fill out the short form then click on register.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
FxGrow Review: Conclusion
In brief, FxGrow is a multi-regulated online trading broker that offers multiple tradable assets via the MT4/MT5 trading platforms. The broker is regulated whilst they also have a range of trading tools and educational materials to assist traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.