|Type of Broker||ECN , STP|
|Islamic Account (Swap Free)|
|Deposit Options||Bank Wire Transfer , Cash-U , Credit Card , Debit Card , Neteller , OKPay , Skrill|
|Withdrawal Options||Bank Wire Transfer , Cash-U , Credit Card , Debit Card , Neteller , OKPay , Skrill|
Bonus & Rewards
|No Deposit Bonus|
|Bonus for First Deposit|
|Is the Bonus Based on the Volume of the Transaction?|
|Platform Type||MetaTrader 4|
|OS Compatibility||Mac OS , iOS , Windows , Android|
|Streaming News Feed|
|Trade From Charts|
|Guaranteed Stop Loss|
|Guaranteed Limit Orders|
|Interest on Margin|
|Customer Support Languages||English, Spanish, French, Greek, Arabic, Polish, Serbian|
|Customer Service Hours||24h|
|Place Trades Over the Phone?|
FxGrow - Review
A brand name of the Cyprus Investment firm (CIF) called Growell Capital, FxGrow is an online forex trading platform that caters to traders from all over the world. Their office is based at #17 Spyrou Kyprianou Ave, MBC Business Center, 3rd Floor, 4001 Limassol, Cyprus and they are regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license #214/13. With their strong emphasis on values like honesty and high quality products and services, FxGrow is already gaining a name for themselves as one of the most dependable online brokers in the industry.
To help empower their traders in their trading activities, FXGrow supply their traders with 3 different types of trading platforms such as MetaTrader 4 (MT4), GrowPro and NetStation which suit both amateur and professional traders.
- MT4 Platform
Probably the most popular forex trading platform in the online trading industry, the MT4 platform comes with advanced features and trading tools such as automated trading, customizable technical indicators and a comprehensive charting package. Most important of all, the MT4 is known for its reliability and efficiency when it comes to trade execution.
Like the MT4 platform, the GrowPro platform was designed for efficiency and reliability that can cater to the needs of even the most seasoned trader. At the same time, the user friendly interface displays all the necessary information in a clear and concise format that even a novice will have no difficulty in digesting. Key Features of the GrowPro trading platform include:
v Ability to view Volume Weighted Average Price (VWAP)
v Customizable Workspace
v Fast Execution of Trades
v One Click Trading
An advanced web based workstation, NetStation is a cost effective trading platform that uses Java technology to access market data in real time. The platform is compatible with most web browsers and is extremely easy to use. Key features of the platform include:
v Advanced Charting Package
v User Friendly Interface
v Comprehensive Data Display
v Wide array of Tools for Market Analysis
To cater to their traders’ needs, FxGrow has provided their traders with 3 different types of trading accounts, ECN accounts, ECN Plus accounts and Swap Free accounts.
- ECN Account
Minimum Deposit of $100
No Commissions on Fx Trades
- ECN Plus Account
Minimum Deposit of $1000
Inter Market Spread
MT4, ProTrader & NetStation
Commission payable on Fx Trades
Swap Free Accounts
The above mentioned types of trading accounts are also available as Swap Free accounts. In order to open a swap free account, you need to first open a normal trading account and then request for a swap free account by emailing customer support.
Commission & Spreads
The spreads at FXGrow are extremely competitive. Their spreads are variable and start from as low as 0.1 pip for majors like the EUR/USD forex pair.
As for the commission payable, ECN account holders are exempted from paying any commissions on fx trades. ECN Plus, account holders on the other hand are required a commission of $12 per lot on fx trades. For CFD trades, the commission rate is $1.20 per standard lot for both ECN and ECN Plus account holders.
To access the customer support services at FxGrow, traders can contact the support team through email, Live Chat, Skype, fax, web contact form and the telephone.
- Advanced Trading Platforms
- CySEC Regulated Broker
- Fast Execution of Trading Transactions
- Extensive Range of Instruments
- STP & ECN Broker
- Transparent Broker
- Ultra Tight Spreads
- Limited to 2 main types of trading accounts only
- No Localised telephone support numbers
- Only 3 languages supported
One of the most striking aspects of FxGrow is the fact that they recognise that their traders are real people with their own individual trading needs and style. It is this perspective which has enabled FxGrow to provide a flexible trading environment which is able to meet all the individual needs of their traders.