- Excellent trading platforms to choose from
- Regulated trading brokerage
- Excellent customer support
- Competitive fees and commissions
- Only three languages supported
- Mediocre leverage levels
FxGrow is an innovative and professional online trading brokerage who offers the trading of Forex and CFDs on a wide range of tradeable assets. The FxGrow brokerage uses state of the art technology and runs their business with the highest ethical standards as integrity, transparency and commitment are the ideals of FxGrow. FxGrow has been offering their clients unparalleled trading conditions and services since their establishment in 2012. The brokerage is owned and operated by Growell Capital which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and holds a Cyprus Investment Firm (CIF) license. FxGrow is an international trading brokerage who accepts traders from all around the world, with the exclusion of the United States and Australia. The brokerage has head offices in the United Kingdom and Poland, but their headquarters are located at Arc. Makariou C 59, Steratzias Court Block A, Office 14, 4003 Limassol, Cyprus. FxGrow has developed a great reputation over the years and has won numerous awards, but are they the right online trading broker for you? Find out in the following review where we’ll delve deep into the aspects that make up this online trading brokerage and see what sets FxGrow apart from the competition and whether or not they can be trusted.
FxGrow is committed to providing their clients with excellence and choice, and therefore provides two sophisticated trading platforms to choose from, the FxGrow WebTrader and MetaTrader 4 (MT4) platforms. See these platforms overviewed below.
The primary feature of this trading platform is that it is entirely web-based and can be accessed from multiple browsers and any desktop computer. Also, the platform is fully compatible and optimized for mobile devices through mobile web browsers. The FxGrow WebTrader platform is perfect for the busy traders who travel a lot and need a mobile compatible trading platform. The platform comes complete with all the advanced tools and features one would expect from an advanced trading platform.
MetaTrader 4 (MT4)
This platform is the most popular trading platform in the world and for good reason. This trading platform is the complete package and offers numerous technical indicators, a variety of chart types and drawing tools, and automated trading strategies via “Expert Advisors” (EAs) which can be customized and programmed into the platform. See below, some key features of the FxGrow MT4 trading platform.
- Intuitive trading interface
- Trade with multiple advanced order types
- Multiple charting and analytical capabilities
- Integrated news feeds
- Customizable technical indicators
- Expert Advisors for automated trading
- Multilingual support
FxGrow offers an extensive list of tradeable assets across the markets of Forex, Spot Metals, Cash CFDs, and Futures CFDs. In the Forex markets they offer over 60 currency pairs including Majors, Minors and Exotic currency pairs. For Spot Metals they offer trading in two markets, XAU/USD and XAG/USD. As for the Cash CFD markets, traders have access to 11 of the world’s top Indices. Also, traders have access to 34 CFD Futures on instruments such as Currencies, Indices, Energies and Commodities. Overall, FxGrow provides traders with a decent amount of tradeable assets.
Fees and Commission
As mentioned earlier, FxGrow likes to provide their clients with a variety of options. This is true when it comes to the fees and commissions as well. FxGrow has various commissions and fees which vary between accounts. ECN accounts are commission free and have variable spreads starting from 1.2 pips. ECN Plus accounts charge a commission of $12 and have variable spreads from 0.00001 pts. The ECN VIP account has a commission of $8 with variable spreads starting from 0.00001 pts. All accounts have CFD commissions of $0.12. Overall, FxGrow has very competitive fees and commissions compared with the industry standards.
Security and Fairness
FxGrow ensures their clients information and funds are kept safe and secure as they employ the highest standards for security and data transmission. All clients’ funds are held securely in top tier banks and are segregated from FxGrow’s bank accounts. Also, FxGrow is a member of the Investor Compensation Fund (ICF) for the Clients of Cyprus Investment Firms (CIFs). This membership provides clients with an insurance compensation of up to 20,000 Euros in the event of fraudulent activity or insolvency. Another safety measure for clients is negative balance protection which ensure clients will never lose more than they initially invested. All in all, FxGrow is a very safe, secure, and fair online trading brokerage.
FxGrow provides their clients with a wide variety of support methods in which they can contact a representative. Such methods include; email, Live Chat, Skype, fax, and telephone. As well, clients can interact with customer support representatives through their social media channels including Facebook and Twitter. Additional methods of support include an extensive and comprehensive FAQ page and an informative education and analysis center. Overall, the support offered by FxGrow is very impressive.
FxGrow is a successful international online trading brokerage who offers their clients a lot of choice when it comes to trading accounts, trading platforms, and tradeable instruments. The brokerage takes their reputation and security very seriously and has been competently offering trading services since 2012. The brokerage has very competitive fees and commissions, and the level of customer support is excellent. All in all, FxGrow is an outstanding online trading brokerage.
The following are the common questions that customers inquired about FxGrow.
Is FxGrow regulated?
Yes, it is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Is FxGrow a scam?
No, FxGrow is a legit broker with an excellent reputation.
Where is FxGrow based?
FxGrow is located at Arc. Makariou C 59, Steratzias Court Block A, Office 14, 4003 Limassol, Cyprus.