FXGrow Review 2025

FXGrow review
FXGrow Awards

FXGrow have won numerious industry awards over the 12 years they have been operating as a financial broker. We have listed the most notable awards and mentions for FXGrow below.

• Best Reliable Broker 2022
• Best White Label Solution 2022
• Best CFDS Provider of the Year 2021
• Most Transparent Broker of the Year 2021
• Best Liquidity Provider of the Year 2018
• Best Execution Broker of the Year 2012
• Best Broker of the Year 2012
• Best International Provider of the Year 2012
• Lowest Spread Fastest Execution of the Year 2012

FXGrow review
FXGrow Fees Explained

• FXGrow doesn't charge withdrawal fees.
• FXGrow does charge a fee for inactive accounts.
• FXGrow doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from FXGrow are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

FXGrow Costs To Check

Modern brokers like FXGrow provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, FXGrow may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall FXGrow trading profitability.

How FXGrow Fees Compare Against Other Brokers

FXGrow Minimum Deposit

FXGrow requires a minimum deposit of 1 GBP/USD/EUR when opening an FXGrow trading account.

A minimum deposit is the minimum amount of money required by FXGrow to open a new online brokerage account with them.

Don't be scared off by brokers like FXGrow charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like FXGrow, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

FXGrow Withdrawal Fees

FXGrow doesn't charge withdrawal fees.

FXGrow Withdrawal rules may vary across different brokers when it comes to transferring funds from your FXGrow or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with FXGrow may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the FXGrow withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from FXGrow. Researching and comparing FXGrow withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing FXGrow funds frequently or dealing with large sums of money. Awareness of these FXGrow fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your FXGrow funds.

For example, FXGrow allows you to withdraw your funds to Debit Cards, Credit Cards, Maestro, MasterCard, VISA, Skrill, Neteller, Bank Transfer.

FXGrow Inactivity Fees

FXGrow does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by FXGrow terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all FXGrow fees and services. It's recommended that you check the FXGrow website before signing up. If you decide to close your FXGrow account, it's important to do so with the FXGrow broker customer support and obtain confirmation that no remaining FXGrow fees are due.

Brokers like FXGrow must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

FXGrow Deposit Fees

FXGrow does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

FXGrow Commission Fees

FXGrow does not charge commission on CFD instruments.

Brokerage firms like FXGrow may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the FXGrow trading account level held by the trader.

FXGrow may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing FXGrow terms and conditions to understand the commission fees and any other charges that may apply is essential.

FXGrow review
Trading on FXGrow web platforms and other applications

FXGrow provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

FXGrow is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

A FXGrow iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

FXGrow also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See FXGrow's platforms

Is the FXGrow Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the FXGrow trading platform to protect you on PC and mobile FXGrow platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using FXGrow web trading platforms.

FXGrow Trading Platform Options

After logging into your FXGrow account, you'll find a range of trading platform options available below.

• MetaTrader 5 (MT5)

Please note that FXGrow does not support the popular MetaTrader 4 (MT4) trading platform. However, if you're looking for a broker offering MT4, you can explore other options available through various online platforms here.

FXGrow does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options FXGrow gives you.

FXGrow & MetaTrader 5 AutoChartist

Autochartist on the FXGrow platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for FXGrow MetaTrader 4 and MetaTrader 5 Autochartist can scan the market using an expert advisor script.

With Autochartist, FXGrow traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save FXGrow users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. FXGrow traders can navigate the platform and find the information they need to make informed trading decisions.

FXGrow Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for FXGrow traders of all experience levels.

FXGrow review
FXGrow MetaTrader 5 (MT5)

FXGrow MetaTrader 5 (MT5) In Detail

FXGrow MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, FXGrow MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.

MT5 on FXGrow provides the convenience of using automated trading systems and copy trading, giving FXGrow traders competitive research tools in the financial markets.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade FXGrow MetaTrader 5 WebTrader

Access your FXGrow MetaTrader 5 accounts from any web browser. MT5 on FXGrow features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets.

FXGrow review
FXGrow MT5 Buying and Selling

FXGrow MetaTrader 5 on iOS Devices

FXGrow MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. FXGrow MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

FXGrow MetaTrader 5 on Android Devices

The FXGrow MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the FXGrow trading server. Take the time to understand all of the FXGrow Android MetaTrader 5 features. With FXGrow MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.

FXGrow Metatrader Mobile Application Features

MetaQuotes, the developers of Metatrader, have listened to the feedback of their millions of users and have built what has become one of the most popular mobile trading platforms in the world. MetaTrader features include :

• FXGrow Financial instrument quotes
• View in-depth price charts of financial instruments with FXGrow MetaTrader
• Manage trades and open positions on FXGrow MT4 & MT5
• View your FXGrow trading history
• View market news
• MetaTrader internal messaging on FXGrow
• View and research market statics of FXGrow financial instruments
• FXGrow Position opening and closing
• Lookup symbols in the FXGrow MetaTrader quotes section
• Display of deals on FXGrow graphs
• FXGrow Timeframe selection for graphs and charts
• Additional vertical scaling of FXGrow graphs
• Capability to transfer FXGrow accounts to other devices using QR codes
• Information is available only if it's supplied by FXGrow
• Access the OTP generator through FaceID or fingerprint with FXGrow

FXGrow MetaTrader 5 Advanced Trading Tools

FXGrow MetaTrader 5 has many advanced trading tools for more advanced users. Understanding these tools can give you a competitive edge.

• FXGrow MT5 Depth of market bids and asks
• Financial Price Data on FXGrow
• Margin Calculation, Futures, Forex on FXGrow
• Advanced Techincal Analysis on FXGrow MT5
• One click trading on FXGrow MT5
• FXGrow Spreads
• FXGrow Futures
• FXGrow Trading Reports

FXGrow Trading benefits

• FXGrow Allows scalping
• FXGrow Allows hedging
• FXGrow Offers STP
• FXGrow Low min deposit
• FXGrow Offers Negative Balance Protection

FXGrow Trading Accounts Offered

Below we give an overview of the account types that FXGrow offer. Whatever you are looking to trade, the varying FXGrow account types will be able to provide you with what you need.

• FXGrow Demo account
• Micro account
• FXGrow Standard account
• FXGrow ECN account
• FXGrow STP account
• FXGrow Islamic account

Can I try FXGrow?

FXGrow provides a demo account that enables individuals to explore trading before investing their funds. By creating a FXGrow practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the FXGrow demo account can help individuals to make informed decisions before investing their money.

Open a demo FXGrow account to practice and trade.

Your capital is at risk

FXGrow withdrawal and funding methods

It's essential to remember that the payment methods provided by FXGrow vary based on the FXGrow entity and the FXGrow client's country of residence. To view the FXGrow payment options available, you can log into your FXGrow member's area.

FXGrow offers various funding payment methods listed in your FXGrow dashboard if available in your region. To learn more about the FXGrow funding and withdrawal options available in your area, you can explore the FXGrow website.

FXGrow provides several payment methods for funding your FXGrow account. You may utilize any of these deposit options if they are available in your region. FXGrow ensures that users have multiple payment methods to choose from, making it more convenient for verified FXGrow account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the FXGrow user's location. learn more about FXGrow funding and withdrawal methods.

FXGrow Payment Methods

Some FXGrow payment methods are local and are available only to specific regions. FXGrow account holders should check which payment methods are provided in your region.

• FXGrow accepts Debit Cards
• FXGrow accepts Credit Cards
• FXGrow accepts Maestro
• FXGrow accepts MasterCard
• FXGrow accepts VISA
• FXGrow accepts Skrill
• FXGrow accepts Neteller
• FXGrow accepts Bank Transfer

How can I start trading with FXGrow?

To open a trading account with FXGrow, individuals can sign up on the FXGrow website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for FXGrow account validation and making a deposit. Once completed, FXGrow users can download the trading platform of their choice.

It's important to note that FXGrow requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps FXGrow maintain a trustworthy financial environment for its 80,000 users. Detailed information on the FXGrow trading platforms is available on their website.

Your capital is at risk

Performing trades with FXGrow

The trading platform, FXGrow, provides users various options regarding the minimum and maximum trade requirements. These requirements are determined based on the specific instrument being traded and the preferences of the individual trader. This flexibility allows traders to tailor their trading experience to their unique needs and investment goals. With the ECN and STP execution methods offered by the platform, traders using FXGrow can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

One of the FXGrow platforms notable features is its claim of having no requotes, which means traders need not be concerned about slippage when executing trades (i.e., trades being executed at a price different from the intended price). No requotes can provide FXGrow traders with greater confidence and peace of mind when trading on the FXGrow platform. It's worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of FXGrow trades.

Like other brokers, FXGrow margin requirements can differ depending on the traded instrument.

FXGrow offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about FXGrow, and see all of the FXGrow account features on the official FXGrow website.

CFD Trading on FXGrow

We will show you an example of the basics of using FXGrow leverage.

CFD trading on FXGrow allows traders to speculate on the price movements of various financial instruments against the broker FXGrow, without actually owning real assets. With CFDs, FXGrow traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

FXGrow provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, FXGrow leverage profits and losses are magnified when trading. For instance, using CFDs, you use the FXGrow trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, FXGrow leverage magnifies both profits and losses in trading.

Trading CFD trades on the FXGrow platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced FXGrow traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Limiting Your Risk When Trading with FXGrow Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like FXGrow. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a FXGrow trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, FXGrow trading losses are always limited to the current balance of funds in the trader's account.

Even if an FXGrow trader experiences a significant loss, they will never owe more money than what is available in their FXGrow account balance.

It's important for FXGrow traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that FXGrow losses are limited to the funds available in your FXGrow account when negative balance protection is in place.

Limit Risk When Trading with FXGrow Stop Loss, FXGrow Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as FXGrow . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for FXGrow traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an FXGrow trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide FXGrow traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with FXGrow, you must actively monitor your live trading portfolio and financial exposure on FXGrow.

Education Resources at FXGrow

FXGrow offer educational resources which include Seminars, Webinars, Educational Academy, Symbols Daily Analysis. Please bear in mind that these resources provided by FXGrow do not guarantee any results when trading. When we checked on the FXGrow website, these educational resources were not available in every language. Also some financial instruments mentioned in any FXGrow educational resources may not be available in your region.

To trade effectively with FXGrow, it's important to have a good understanding of the FXGrow trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with FXGrow and externally.

FXGrow . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with FXGrow. Familiarizing yourself with the FXGrow trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using FXGrow. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with FXGrow involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like FXGrow, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with FXGrow. Explore the FXGrow platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with FXGrow, before live trading.

Customer Support at FXGrow

As part of our FXGrow review, we review customer service options, response times and problem resolution effectiveness on the FXGrow trading platform. The FXGrow trading platform supports multiple languages, which includes English, Spanish, French, Greek, Arabic, Polish, Serbian.

FXGrow Available Support Types

FXGrow have a double AA grade support rating because FXGrow offer live chat and email support in multiple languages.

Livechat Support at FXGrow

FXGrow does not offer LiveChat Support.

Email Support at FXGrow

Our experience with FXGrow email support was positive. We sent 25 emails at different times and received responses within an average of 2 hours. The fastest response was less than 15 minutes, while the slowest was 7 hours. Although response times may vary, we found their team to be helpful and knowledgeable in resolving our queries.

Phone Support at FXGrow

Our experience with FXGrow phone support was positive. The team answered the call in under 5 minutes and successfully resolved our queries over the phone. We appreciated their efforts in catering to multilingual support. Overall, a great phone support experience with FXGrow.

See how FXGrow Support Compares Against Other Brokers

What you will need to open an account with FXGrow

As FXGrow is regulated by CySEC (Cyprus Securities and Exchange Commission) (214/13).

As a new client of FXGrow, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with FXGrow in your region. During the FXGrow account opening process, you will be asked to provide FXGrow with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with FXGrow have the following documents available.

• FXGrow require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for FXGrow compliance. This must be dated within the last six months.
• If you plan to fund your FXGrow account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the FXGrow platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under FXGrow Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring FXGrow's platform.

However, remember that you won't be able to make trades on FXGrow until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the FXGrow KYC compliance process as soon as possible to avoid any delays in accessing the FXGrow platform's features.

It is important to note that FXGrow may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the FXGrow platform and features immediately. However, you must pass the verification process to start live trading with FXGrow, which can take up to a few business days.

To start the process of opening an account with FXGrow you can visit the FXGrow trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.fxgrow.com on November 18, 2024.

Watch this FXGrow Explainer Video

FXGrow review written by Andrew Blumer and Mark Hansen