FXGrow Review for 2019

FXGrow Rated 4/5

FXGrow Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of FXGrow we break down the pros and cons. What FXGrow are able to offer, what countries FXGrow are available in. Who FXGrow are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open FXGrow's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to FXGrow

With this review we hope to help you see if FXGrow is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FXGrow that will help you get off to a good start in the world of online trading.

FXGrow what you should know

FXGrow offer one way to trade: Forex.

With FXGrow you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with FXGrow platform.

FXGrow are able to accommodate various levels of traders whether you are experienced or a beginner.


Are FXGrow safe?

When choosing a broker like FXGrow the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2012, and in operation for 7 years FXGrow have a head office in Cyprus.

FXGrow is regulated. This means FXGrow are supervised by and is checked for conduct by the Financial Conduct Authority and CySEC regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXGrow, this will be honored. If FXGrow violate any regulatory rules their regulated status could be stripped.

Any payments funded to FXGrow accounts by traders are held in a segregated bank account.

For added security FXGrow use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with FXGrow. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FXGrow

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 2012
  • Regulated by Financial Conduct Authority and CySEC
  • Min. deposit from $100

What we don't like

FXGrow General Fees

  • FXGrow doesn't charge withdrawal fees
  • FXGrow doesn't charge inactivity fees

FXGrow Commissions

  • FXGrow doesn't charge commission on CFD shares

What can you trade with FXGrow?

You can trade a wide variety of instruments with FXGrow over 100 instruments infact.

If you are looking at trading currency pairs FXGrow offer over 15 currency pairs.

Compare FXGrow with Interactive Brokers and XTB below.

FX / Currencies FXGrow IB XTB
# of forex pairs offered 15 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes
Exotic forex pairs Yes
Cryptocurrencies No No Yes
Commodity CFDs FXGrow Interactive Brokers XTB
# of commodities offered 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs FXGrow Interactive Brokers XTB
# of Stocks offered 1500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares No Yes Yes
FXGrow's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on FXGrow web platforms and other applications

FXGrow offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An 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, making it easier to keep an eye on and execute your trades while you’re on the move.

See FXGrow's platforms

FXGrow Trading benefits :

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

FXGrow Trading Accounts offered:

  • Demo account
  • Micro account
  • Standard account
  • ECN account
  • Islamic account

Can I try FXGrow before I buy?

FXGrow offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do FXGrow accept?

FXGrow offer the below funding payment methods. learn more about FXGrow

  • Credit cards
  • Bank Transfer
  • Skrill
  • Neteller

How can I start trading with FXGrow?

When opening a trading account with FXGrow, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXGrow trading platforms here.

Performing trades with FXGrow

With FXGrow, the minimum and maximum trade requirements vary depending on the trader and the instrument. As FXGrow offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As a nice bonus, FXGrow are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, FXGrow offer margin up to 0.003% on currencies.

FXGrow also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by FXGrow here.

Support at FXGrow

FXGrow support a wide range of languages including English, Spanish, French, Greek, Arabic, Polish, Serbian

FXGrow have a double AA grade support rating because FXGrow offer over three languages, email and phone support.

What you will need to open an account with FXGrow

As FXGrow is regulated by Financial Conduct Authority and CySEC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore FXGrow's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FXGrow you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.fxgrow.com on 12th August 2018.

FXGROW Frequently Asked Questions

Can I try FXGrow before I buy?

FXGrow offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do FXGrow accept?

FXGrow offer the below funding payment methods accept Credit cards, Bank Transfers, Skrill, Neteller, among other payment methods. Learn more here

How can I start trading with FXGrow?

When opening a trading account with FXGrow, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXGrow trading platforms here.

Is my money safe with FXGrow?

FXGrow is regulated by Financial Conduct Authority and CySEC. One of the most important criteria for traders when choosing a broker like FXGrow is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXGrow, this will be honored. If they violate any regulatory rules their regulated status can be stripped.