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 Important Information about FXGrow

fxgrow Broker Review

Reviewed broker: FXGrow

Location: Cyprus

Operated by Growell Capital, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with (CIF) license no. 214/13

Regulated: Cysec, MiFID, FCA, BaFin, HCMC

USA traders: not allowed

Trading instruments: forex, stocks, commodities, futures, options

Trading platform: Metatrader 4, Netstation (web based), ProTrader

ECN: yes

STP: yes

Awards and Recognition: Last awards received by FXGrow was back in 2012

AWARD-WINNING PLATFORMS 

MetaTrader 4

METATRADER 4 contains all the trading functions you will need. The terminal supports three types of operation execution, including Instant Execution.

WebTrader

Web-based advanced online interface with Java technology for fast access to streaming financial data, business news and professional charting features.

Why Choose FXGrow

  • Full Transparency
  • Safety of funds with segregated accounts for customer funds
  • STP broker
  • Direct Market Access
  • No dealing Desk
  • Low spreads
  • 1 nanosecond execution of orders
  • No re-quotes, no rejections of orders
  • Access to deep market liquidity

Account types

ECN

  • Interbank spreads with fees within the spread
  • Spread starts from 1.2 pip
  • Maximum leverage is 1:200
  • Minimum deposit $100
  • Swaps available
  • MT4 platform
  • Margin call 50%
  • Stop out 30%

ECN PLUS

  • Interbank spreads plus fees 
  • Spreads start from 0.1
  • Maximum leverage is 1:200
  • Minimum deposit is $1,000
  • Swaps available
  • MT4 platform
  • Margin call 50%
  • Stop out 30%

ECN VIP

  • Variable spreads start from 0.0001
  • Maximum leverage is up to 300:1
  • FX commissions $8 for standard lot
  • Minimum deposit requirement is $10,000
  • MT4 and Webtrader platforms
  • Margin call 50%
  • Stop out 30%
  • VPS hosting free

 

Currency pairs: 47

Account base currency: EUR, USD

Negative balance protection: yes

Spread types: floating

Islamic swap-free account: available

 

Expert advisors: allowed

Scalping: allowed

Hedging: allowed

Real time streaming data: yes

Payment Methods

Minimum payment requirement: $100

Note: all deposits and withdrawals are subject to commission fee with all payment methods, except OKPay. There are no fees on deposit over $1,000.

Payment methods:  Credit/Debit cards (with commission fee of 2.25%!), Skrill (2.9% fee!), Neteller (3.9% fee!), OkPay, CashU, WireTransfer.

Customer Support and Educational Resources

Educational material: tutorials, market news, analysis, trading signals

Customer support: online chat, phone, email

 

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