FxGrow Review

Category: Reviews | Author: Trading Brokers | Date: January 2, 2024

Let’s cut to the chase. You’re here for an in-depth, no-nonsense review of FxGrow, a well-known online broker that’s been on the radar of many traders. Whether you’re a trading veteran or a newbie just dipping your toes in the financial markets, you’ve likely come across FxGrow. But what’s the real scoop on this broker? Is it worth your investment? We’re here to dissect that. In this review, we’ll unpack everything FxGrow – from their regulatory status and trading platforms to their educational resources and account types. So, buckle up, and let’s embark on this FxGrow exploration!

Pros & Cons

  • FxGrow is regulated by multiple authorities, providing a secure trading environment
  • FxGrow offers three types of accounts based on ECN connectivity, catering to different trading needs
  • The broker provides a good selection of educational resources, beneficial for both beginners and experienced traders
  • They offer a wide range of trading instruments, giving traders plenty of options
  • Trading fees for some instruments might be higher compared to other brokers
  • The leverage on the ECN and ECN-Plus accounts is limited to 1:30, which might be low for some traders
  • The minimum deposit for the ECN-Elite account is quite high at $100,000, which may not be accessible for all traders
  • There is no 24/7 customer support, which could be a drawback for traders who need assistance outside of business hours




FxGrow, a brand name of Growell Capital, is a Cyprus-based online broker that’s been in the game since 2008. They’ve got a pretty solid reputation in the trading world, serving both retail and institutional clients in over 100 countries. They’re regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC), which adds a layer of trust and security for their clients.

One of the things that stands out about FxGrow is their wide range of trading instruments. They offer over 60 Forex currency pairs, 17 cash indices and commodities, 7 metals and energy, and 34 futures CFD products. So, whether you’re into forex, commodities, or CFDs, you’ve got plenty of options to choose from.

They also offer three types of accounts based on ECN connectivity, which is a nice touch. It means they can cater to different trading needs and budgets. Whether you’re a newbie just dipping your toes in the trading waters or a seasoned pro looking for more advanced features, there’s likely an account type that fits your needs.

Another thing that’s worth noting is their customer service. They’ve received positive reviews for their fast execution, low spreads, and excellent customer service. It’s always good to know that there’s a responsive and helpful team ready to assist you when you need it.

Overall, FxGrow seems to be a reliable and versatile broker that offers a good trading environment. They’ve got a lot of features that can make your trading experience smoother and more profitable. However, keep on reading to know more about this broker.

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When it comes to regulation, FxGrow seems to have its bases covered. They’re officially registered with the Vanuatu Financial Services Commission (VFSC) under the number 40308, which means they’re recognized as a legit broker in Vanuatu. But that’s not all; they’ve gone the extra mile to get authorized by the Cyprus Securities and Exchange Commission (CYSEC) with a CIF license number 214/13. This is a big deal because CYSEC is known for keeping a tight ship, ensuring that brokers like FxGrow play by the rules set by the Markets in Financial Instruments Directive (MiFID).

But FxGrow didn’t stop there. They’ve also got the nod from several other European authorities. In Spain, they’re registered with the CNMV (Ref. number: 3755), and over in Hungary, the MNB (Ref. number: K8800582) has given them the thumbs up. Norway’s Financial Supervisory Authority (Ref. NCB 342) is on board, too, along with France’s ACPR (License number: 74965). They’ve even made the list in Poland with the KNF (Ref. number: 2590060), Germany with BaFin (Ref.: WA37-K 5000-138982-2014/0001), Sweden with FI (Ref. number: 14-10518), and Greece with the HCMC.

So, if you’re looking for a broker that’s got a lot of regulatory street cred in Europe, FxGrow is definitely in the game. But hey, it’s always smart to shop around and see what’s out there, right? Please see a list of regulated brokers for some alternative options.

Platforms & Tools

FxGrow offers a variety of platforms and tools to facilitate trading for its clients. The primary trading platform provided by FxGrow is MetaTrader 5 (MT5), which is among the most popular forex trading platforms globally. It’s the newer cousin of the popular MT4, and it comes with a bunch of upgrades. You’ve got more order types, better charting tools, and the ability to trade on multiple markets, including stocks and futures. Plus, you can use it on both your desktop and mobile, so you can trade from anywhere, anytime.

MT5 Trading Platform

MT5 Trading Platform

In addition to these platforms, FxGrow also provides a range of tools to assist traders in making informed decisions. These tools include;

  • FxGrow Automated Trading: If you’re into setting up trading strategies and letting the software do its thing, this is for you. It’s all about making your trading as hands-off as you like.
  • Trading Central: This is like having a financial expert whispering in your ear. Trading Central gives you analysis and insights that can help you make smarter trading decisions.
  • Deposit/Withdraws: FxGrow has streamlined the process of moving your money in and out of your trading account, which is always a plus.
  • Economic Calendar: Stay ahead of the game with this tool. It keeps you updated on important financial events that could affect the markets.
  • Calculator: A handy tool to help you work out potential profits, losses, and other important trading calculations.


Let’s talk about the educational resources FxGrow has to offer:

  • Educational Academy: This is like the Hogwarts for traders. FxGrow has put together a bunch of resources to help you learn the ins and outs of trading. Whether you’re a newbie just starting or a seasoned trader looking to brush up on your skills, there’s something for everyone.
  • Seminars and Webinars: If you’re more of a classroom learner, FxGrow has got you covered. They host seminars and webinars where you can learn from experts in the field. It’s a great way to get up-to-date information and ask any burning questions you might have.
  • Symbols Daily Analysis: This is a really cool feature. FxGrow provides daily analysis on different trading symbols. It’s like getting a daily weather report, but for the financial markets. This can help you make informed decisions about your trades.
  • FAQ: Got a question? Chances are, you’ll find the answer in FxGrow’s FAQ section. It’s packed with answers to common questions about trading, the platform, and more.

So, whether you prefer to learn at your own pace or in a more structured setting, FxGrow has a range of educational resources to help you on your trading journey.


FxGrow is like a candy store for traders, offering a sweet variety of markets to trade in. Here’s a quick rundown of what you can get your hands on:

  • Forex Currency Pairs: If you’re into the classic trade of currencies, you’re in luck. FxGrow has over 60 pairs, so whether you’re into majors, minors, or exotics, there’s plenty to choose from.
  • Cash Indices: Fancy trading on the overall performance of a country’s stock market? With over 17 cash indices, you can do just that.
  • Commodities: If you’re more into trading goods like oil, gold, or wheat, FxGrow has got you covered. They offer a range of commodities for you to trade.
  • Metals: Gold, silver, platinum – if you’re into trading metals, FxGrow has got a selection for you.
  • Energies Symbols: Fancy trading on the price of oil or natural gas? With FxGrow’s energy symbols, you can.
  • CFDs on Futures: If you’re into speculating on the future price of an asset, FxGrow offers over 34 CFDs on futures. This means you can potentially profit whether the market is going up or down.

So, whether you’re looking to trade the trend on currencies or hedge with commodities, FxGrow has a market for you.


They’ve got three main types of accounts, each with its own features and benefits:

  • ECN Account: This is the entry-level account. You can get started with a deposit of just $100. The spreads start from 1.10000 and there are no commissions. The leverage is set at 1:30. You can choose your base currency from USD, EUR, or PLN. The margin call and stop-out levels are both set at 50%. Plus, you get access to research platforms and trading signals by Trading Central. And if you want to keep your trading platform running 24/7, you can opt for MT5 VPS hosting for $15 per month.
  • ECN-Plus Account: This account requires a higher initial deposit of $1,000. The spreads start from a lower 0.20000, but there’s a commission of $8. The leverage, base currency options, margin call and stop-out levels, and access to research platforms and trading signals are the same as the ECN account.
  • ECN-Elite Account: This is the premium account type. It requires a hefty initial deposit of $100,000. The spreads start from 0.20000 and there’s a lower commission of $6. The leverage is higher at 1:100, but the base currency options are limited to USD and EUR. The margin call and stop-out levels, and access to research platforms and trading signals are the same as the other account types.


When it comes to funding your FxGrow account, they’ve got a variety of methods to choose from, so you can pick the one that’s most convenient for you. Here’s a casual rundown of your options:

  • Visa: You can use your Visa card in USD or EUR. It’ll cost you 0.25 per transaction plus 2.85% for international cards, with a minimum of $1.
  • MasterCard: MasterCard is also an option, with the same fees as Visa: 0.25 per transaction plus 2.85% for international cards, and at least $1 to get started.
  • Neteller: If you’re a Neteller user, there’s a 3.9% fee on transactions in USD or EUR, with a $1 minimum.
  • Skrill: Skrill charges are 2.9% plus either 0.28 or 0.27, depending on the transaction, and you’ll need at least $1.
  • OK Pay: This service is pretty sweet because they don’t charge any fees. You can fund your account in USD or EUR with just $1.
  • Cash U: Funding through Cash U comes with a 7% fee, and you can start with as little as $1.
  • Bank Wire: The old-school bank wire is always an option. The fees vary depending on your bank, and you’ll need at least $100 to make a transfer.
  • Yandex Money: If you use Yandex Money, there’s an 8% fee on transactions, with a $1 minimum.
  • Qiwi: Qiwi users will face a 7% fee for funding in USD or EUR, starting from $1.
  • Web Money: Web Money charges a 3% fee on transactions, with a $1 minimum.
  • Dot Pay: For those using PLN, Dot Pay charges 0.6% for electronic transfers, postal orders, and bank transfers, 1.25% for instant transfers, and there’s no fee for PayPal. The minimum is PLN1.

So, whether you prefer using credit cards, e-wallets, or direct bank transfers, FxGrow has got you covered with a range of funding methods to get your trading journey started.


In wrapping up, FxGrow seems to be a broker that’s got a lot going for it. They offer a variety of account types to suit different trading styles and budgets, from the accessible ECN account to the more premium ECN Elite. They’ve got a solid range of markets to trade in, including a hefty selection of forex pairs, indices, commodities, metals, energies, and CFDs on futures. Plus, they make it pretty easy to get your money in and out with a variety of funding methods.

But, as with anything in the trading world, it’s smart to keep your options open. While FxGrow offers strong features, there are other brokers out there with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading brokers reviews. It’s all about finding the right fit for your trading needs and goals. So, take your time, do your research, and choose wisely!

FxGrow Logo


FxGrow is an international online brokerage firm established in 2008 and operating under the brand name Growell Capital. It caters to the needs and interests of investors from around the world, serving customers from over 100 countries. As a registered Cyprus Investment Firm (CIF), FxGrow is authorized and fully regulated by the Cyprus Securities and Exchange Commission (CySEC) and also operates in full compliance with the EU Markets in Financial Instruments Directive (MiFID). The firm provides a range of products and services, allowing clients to trade forex and CFDs in real time.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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