Regulation CySEC
Accepts US Clients: No
Min. Deposit: $100
Leverage: 1:200
Platforms: MetaTrader 4

Broker Overview

Company Information

Broker’s Name FxGrow
Website www.fxgrow.com
Headquartered in Limassol
Founded in 2012
Regulating Authority CySEC
US Clients Accepted  ForexTradingTime.com_ Forex Brokers List & Reviews
Telephone Number 357-25-211707
Fax Number 357-25-729930
E-mail Address info@fxgrow.com

Account Options

Type of Broker ECN , STP
Commission Yes
Mini Account  ForexTradingTime.com_ Forex Brokers List & Reviews
VIP Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Segregated Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Islamic Account (Swap Free)  ForexTradingTime.com_ Forex Brokers List & Reviews
Demo Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Institutional Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Managed Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Maximum Leverage 1:200
Minimum Deposit $100
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 ForexTradingTime.com_ Forex Brokers List & Reviews
Bonus for First Deposit ForexTradingTime.com_ Forex Brokers List & Reviews
Is the Bonus Based on the Volume of the Transaction? ForexTradingTime.com_ Forex Brokers List & Reviews
Other Bonuses Yes

Trading Platform

Platform Type MetaTrader 4
Platform Languages Multi-lingual
OS Compatibility Mac OS , iOS , Windows , Android
Streaming News Feed Yes
Trading Signals Yes
Automated Trading Yes
Trade From Charts Yes
Market Commentary Yes
E-mail Alerts Yes
Mobile Alerts Yes
Scalping Yes
Hedging Yes
Trailing Stops Yes
Guaranteed Stop Loss Yes
Guaranteed Limit Orders Yes
Guaranteed Fills Yes
Interest on Margin  No
One-Click Execution Yes
OCO Orders Yes

Customer Service

Customer Support Languages English, Spanish, French, Greek, Arabic, Polish, Serbian
Customer Service Hours 24h
Place Trades Over the Phone?  ForexTradingTime.com_ Forex Brokers List & Reviews

FxGrow - Review

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.

FXGrow Review

Trading Platforms


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.

  • GrowPro

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

  • NetStation

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

FXGrow Review2

Account Types


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

MT4 Platform

No Commissions on Fx Trades

Variable Spreads

  • 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.

 

Customer Support

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.

 

Pros

  • Advanced Trading Platforms
  • CySEC Regulated Broker
  • Fast Execution of Trading Transactions
  • Extensive Range of Instruments
  • STP & ECN Broker
  • Transparent Broker
  • Ultra Tight Spreads

Cons

  • Limited to 2 main types of trading accounts only
  • No Localised telephone support numbers
  • Only 3 languages supported

 

Conclusion

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.

 

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