July 06, 2020

Top Forex Brokers

fxgrow Broker ReviewImportant updated Information about FXGrow

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

FXGrow Review : 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

FX Grow Review : 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

FXGrow Review : 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.

FXGrow Review : Customer Support and Educational Resources

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

Customer support: online chat, phone, email

How was the rating of FX Grow performed compared to other brokers? 

This 2020 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FXGrow FX broker performance and features. 

Overall our online FXGrow review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FXGrow or you find inaccurate details FXGrow broker review please get in touch with us and the changes will be applied.