FXGrow is a Multi-Assets Trading Platform with over 100+ Assets
FXGrow trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex are considered financial assets.
Features of FXGrow
- Virtual Portfolio, or what is commonly known as a Demo Account
- One Click Trading with FXGrow
- Trailing Stops
- TakeProfit Orders
- FXGrow offers Advanced Financial Chart comparison tools
- FXGrow offers Research-backed analysis on financial markets and investments from top analysts
- The FXGrow platform is available to use on multiple devices including Apple Mac computers, iOS devices like iPhones and iPads, Android devices and online through a Web Browser.
- FXGrow offers an easy to use trading platform with tools for both New Traders and Seasoned Experts
- FXGrow users benefit from using the FXGrow platform in over 7 different languages
What you should know
FXGrow offer one way to trade: Forex. The assets and products available to you on the FXGrow trading platform depends on the region of the world, you are in and the FXGrow entity you have an account.
FXGrow are able to accommodate various levels of traders whether you are experienced or a beginner.
Are FXGrow safe?
When considering FXGrow for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as FXGrow, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 2012, and in operation for 11 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 (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
FXGrow withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like FXGrow are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. FXGrow are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of FXGrow and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. FXGrow has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, FXGrow will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like FXGrow, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If FXGrow violate any regulatory rules their regulated status could be stripped.
Your capital is at risk
Is my money safe with FXGrow?
All payments made to FXGrow by traders are securely held in a segregated bank account.
FXGrow uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should FXGrow use them?
FXGrow partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their FXGrow clients' funds.
FXGrow clients can have greater confidence in their financial security when working with a Tier 1 bank because FXGrow are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in FXGrow deposited in a Tier 1 bank?
Depositing funds with FXGrow ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if FXGrow were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that FXGrow is a secure and safe platform.
Please be aware that trading in financial assets with FXGrow carries a risk of loss. FXGrow trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
FXGrow emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about FXGrow, let's closely examine its features.
To better understand the FXGrow trading platform, you can create two separate accounts - one with real money and the other a FXGrow demo account. A FXGrow demo account provides a risk-free environment for experimenting with the FXGrow platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in FXGrow trading decisions.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How FXGrow as a Company Compare Against Other Brokers
|Head Office||Cyprus||Australia||Belize||Cyprus, UK|
|Regulation||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)||Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)||RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund||FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076|
|Used By||10,000+ FXGrow users||180,000+ IC Markets users||1,000,000+ Roboforex users||30,000,000+ eToro users|
|Negative balance protection||Yes||Yes||Yes||Yes|
|Guaranteed Stop Loss||No||No||No||No|
|Learn More||Visit FXGrow||Visit IC Markets||Visit Roboforex||Visit eToro|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Losses can exceed deposits||74% of retail investor accounts lose money when trading CFDs with this provider.|
FXGrow Pros and Cons
What we like about FXGrow
- Used by over 10,000 FXGrow users and traders
- Established in 2012
- Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
- Min. deposit from $100
What we don't like about FXGrow
- Not ASIC Regulated (See alternatives)
FXGrow Regulation and Licensing in more detail
FXGrow is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of FXGrow going into insolvency. FXGrow compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like FXGrow to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for FXGrow traders.
FXGrow is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like FXGrow you should be sure they're legitimate online agent.
Is FXGrow Global?
Yes, FXGrow is global as FXGrow is available in over 194 countries.
FXGrow is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries FXGrow covers include the UK, Germany, South Africa, Thailand, China and Australia. FXGrow has a total of more than 10,000 users.
FXGrow Fees Explained
- FXGrow doesn't charge withdrawal fees.
- FXGrow does not charge a fee for inactive accounts.
- FXGrow doesn't charge deposit fees.
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
|CFD Commission Fees||No||Yes||No||Yes|
FXGrow Minimum Deposit
FXGrow requires a minimum deposit of 100 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 Credit cards, Bank Transfer, Neteller, Skrill, .
FXGrow Inactivity Fees
FXGrow does not 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.
What can you trade with FXGrow?
It's essential to note that the trading instruments offered under the FXGrow brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the FXGrow trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with FXGrow over 100 instruments in fact.
If you want to trade currency pairs on global Forex markets, FXGrow offer over 15 currency pairs.
FXGrow Compared To Other Brokers
How FXGrow Trading Options Compare Against Other Brokers
|Platforms||MT4, Mac, Web Trader, Tablet & Mobile apps||MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android||MT4, MT5, Mac, Web Trader, Tablet & Mobile apps||Web Trader, Tablet & Mobile apps|
|FX / Currencies|
|Forex pairs offered||15||61||35||50|
|Major Forex pairs||Yes||Yes||Yes||Yes|
|Minor Forex pairs||Yes||Yes||Yes|
|Exotic Forex pairs||Yes||Yes||Yes|
|Cryptocurrencies (availability subject to regulation)||No||Yes||No||Yes|
|Indiced & Stock CFDs|
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Losses can exceed deposits
74% of retail investor accounts lose money when trading CFDs with this provider.
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.
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 4 (MT4)
Please be aware that FXGrow does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.
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 4 (MT4)
FXGrow MetaTrader 4 (MT4) In Detail
MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on FXGrow offers traders comprehensive features and tools to enhance their trading performance. The FXGrow MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the FXGrow platform to their needs. One of the standout features of MT4 is its charting functionality, which allows FXGrow traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give FXGrow traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 FXGrow trading platform.
MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the FXGrow MetaTrader 4 (MT4) trading platform. MT4 is a platform available with FXGrow, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The FXGrow MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. FXGrow allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.
You can start using the MetaTrader 4 platform with FXGrow in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. FXGrow MetaTrader 4 is compatible with the latest macOS. FXGrow allows traders to trade on mobile devices through Android and iOS devices like the iPhone.
Metatrader 4 Webtrader on FXGrow
MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.
The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.
Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
Trade FXGrow MetaTrader 4 on iOS Devices
You can download the FXGrow app or trade with FXGrow through the MetaTrader 4 application on the Apple app store.
Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. FXGrow customers have instant access to the financial market and can completely manage a Portfolio on the go.
Trade FXGrow MetaTrader 4 on Android Devices
Millions of people worldwide use Android mobile devices and tablets, and FXGrow offers its clients access to the MetaTrader 4 platform on these devices. With the FXGrow MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing FXGrow traders to stay on top of their trades and react quickly to changes in the market. With the FXGrow MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.
Trade FXGrow MetaTrader 4 Trading Central
Trading Centrals Alpha Generation Indicators available on FXGrow are a powerful bundle of three major indicators designed to help traders make informed decisions. FXGrow MT4 Trading Central indicators include:
- Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
- Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
- Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.
Trading Centrals Alpha Generation Indicators can help FXGrow traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing FXGrow traders to potentially stay one step ahead.
FXGrow MetaTrader 4 Advanced Trading Tools
The FXGrow MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give FXGrow traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, FXGrow provides traders with everything they need to succeed. The FXGrow MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing FXGrow traders to analyze the market at any level of complexity.
Trade FXGrow MetaTrader 4 MultiTerminal
MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.
It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.
This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.
FXGrow MetaTrader 4 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 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 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.
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 MethodsSome 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 Credit cards
- FXGrow accepts Bank Transfer
- FXGrow accepts Neteller
- FXGrow accepts Skrill
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 10,000 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.
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.
Education Resources at FXGrow
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.
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
|Languages||English, Spanish, French, Greek, Arabic, Polish, Serbian||English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more||English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian||English, German, Spanish, French, Italian|
|Learn More||Visit FXGrow||Visit IC Markets||Visit Roboforex||Visit eToro|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Losses can exceed deposits||74% of retail investor accounts lose money when trading CFDs with this provider.|
What you will need to open an account with FXGrow
As FXGrow is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
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 September 19, 2023.
Is FXGrow A Good Broker?
We have spent over 5 years examining FXGrow in depth. Although we found some very useful aspects of the FXGrow platform that would be useful to some traders. We feel that a alternative to FXGrow may better suit you.
- FXGrow have a good track record of offering Forex.
- FXGrow has a history of over 11 years.
- FXGrow has a reasonable sized customer support of at least 10.
- FXGrow are regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). FXGrow is subject to strict regulatory oversight from its respective jurisdiction, which holds FXGrow (the broker) accountable for misconduct. This regulatory framework helps ensure that FXGrow operates fairly and transparently and provides FXGrow customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and FXGrow.
- FXGrow have regulation from reputable regulators.
- One of the advantages of using FXGrow is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from FXGrow are particularly important as FXGrow traders want to receive their money quickly. With the efficient FXGrow payment processing system, traders can enjoy faster access to their FXGrow funds.
- FXGrow have an international presence in multiple countries. Including local FXGrow seminars and training.
- FXGrow can hire people from various locations in the world who can better communicate in your local language.
FXGrow Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
FXGrow not quite right?
If after reading this FXGrow review, FXGrow does not fulfill your needs check out these FXGrow Alternatives.
We have spent years researching the best alternatives to FXGrow. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective FXGrow alternatives available today. If you are unsatisfied with FXGrow or want to explore other options, we recommend checking out our carefully curated list of highly-rated FXGrow alternatives. Follow the links below to learn more about these FXGrow broker alternatives and choose the one that best suits your trading needs.
- IC Markets Review
- Roboforex Review
- eToro Review
- XM Review
- XTB Review
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- Pepperstone Review
- NordFX Review
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- FP Markets Review
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- Eightcap Review
- ForTrade Review
- Interactive Brokers Review
- Forex.com Review
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- Coinbase Review
- Binance Review
- ETX Capital Review
- Core Spreads Review
Related FXGrow Vs Comparisons
Throughout our comprehensive FXGrow review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing FXGrow against other popular brokers in the industry, check out our FXGrow Vs pages. Our team has compiled a series of detailed FXGrow comparison articles, pitting the FXGrow platform against some of the best-rated FXGrow competitors in the market. Dive into our informative FXGrow Vs pages below to find out how FXGrow stacks up against other leading brokers.
- FXGrow vs ICMarkets
- FXGrow vs Roboforex
- FXGrow vs eToro
- FXGrow vs XM
- FXGrow vs XTB
- FXGrow vs AvaTrade
- FXGrow vs Pepperstone
- FXGrow vs NordFX
- FXGrow vs Trading212
- FXGrow vs FPMarkets
- FXGrow vs easyMarkets
- FXGrow vs SpreadEx
- FXGrow vs FxPro
- FXGrow vs Plus500
- FXGrow vs AdmiralMarkets
- FXGrow vs ThinkMarkets
- FXGrow vs FXPrimus
- FXGrow vs ForexMart
- FXGrow vs Eightcap
- FXGrow vs ForTrade
- FXGrow vs InteractiveBrokers
- FXGrow vs Forex.com
- FXGrow vs IG
- FXGrow vs Robinhood
- FXGrow vs Coinbase
- FXGrow vs Binance
- FXGrow vs ETXCapital
- FXGrow vs CoreSpreads
FXGROW Frequently Asked Questions
Read our detailed FXGrow FAQ Section updated for 2023.
Can I try FXGrow?
What funding methods do FXGrow accept?
Please note that the list of payment methods below depends on the FXGrow Entity and the client's Country of Residence.
FXGrow offer the following funding payment methods Credit cards, Bank Transfer, Neteller, Skrill, among other payment methods.
Learn more here
Is FXGrow safe?
FXGrow have over 10,000 users. FXGrow are considered reliable as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). 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 bank's financial health and strength.Trading with FXGrow is risky, and because the market is so volatile, losses could happen at any time.
Your capital is at risk
Is FXGrow trading good?
FXGrow is considered good and reputable to trade with FXGrow. FXGrow is used by over 10,000 traders and FXGrow users. FXGrow offers Forex trading. Minimum deposit with FXGrow is 100.
Is FXGrow trading Legit?
FXGrow was founded in Cyprus in 2012. FXGrow has been facilitating trade on the financial markets for over 11 years. FXGrow offers clients Forex trading. All funds deposited to FXGrow are held in segregated bank accounts for security. FXGrow is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.
Is FXGrow a good broker?
FXGrow allows Forex trading. FXGrow is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.
Is FXGrow trustworthy broker?
FXGrow is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to FXGrow, money is in a segregated bank account that is separate from FXGrow company's funds. As a regulated broker, FXGrow cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by FXGrow. Instead, your FXGrow funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with FXGrow. Also FXGrow is regulated in its local jurisdictions including major financial regulators like Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
What is the minimum deposit for FXGrow?
The minimum deposit to trade with FXGrow is 100.
How long do FXGrow withdrawals take?
Withdrawing money from FXGrow processing time varies depending on the method but averages 1-5 days.
Is FXGrow regulated?
FXGrow is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of FXGrow maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
Is FXGrow a market maker?
FXGrow is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by FXGrow even if no buyer or seller is lined up.
How can I start trading with FXGrow?
When opening a trading account with FXGrow, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on FXGrow trading platforms, you can follow the link provided below: Learn more about signing up with the FXGrow trading platform here. This will provide useful information and insights into the various trading platforms offered by FXGrow, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with FXGrow?
Yes your money is safe with FXGrow.
Overall, strict financial regulation is essential for ensuring that trading platforms like FXGrow operate fairly, transparently, and responsibly, which ultimately benefits all FXGrow stakeholders involved.
Trading platforms like FXGrow must have strict financial regulation for several reasons:
- Protecting FXGrow Investors: Strict financial regulation ensures that investors who use the FXGrow trading platform are protected against fraudulent or unethical behavior by the FXGrow platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the FXGrow platform.
- Maintaining FXGrow Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the FXGrow trading platform. Regulatory procedures reduce the likelihood of the FXGrow platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing FXGrow Transparency: Regulations require trading platforms like FXGrow to maintain detailed records and disclose FXGrow client information. Financial regulatory requirements enhances transparency and helps to build trust between the FXGrow platform and its investors.
FXGrow is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as FXGrow, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, FXGrow ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like FXGrow.
Is FXGrow a con?
FXGrow is regulated and well established, having been in business for over 11 years. FXGrow is not a con.
Can you make money with FXGrow?
Although traders have had great success with FXGrow, trading on the financial markets with FXGrow is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does FXGrow have fees?
FXGrow doesn't charge withdrawal fees. FXGrow doesn't charge inactivity fees. FXGrow doesn't charge deposit fees.
When was FXGrow founded?
FXGrow was founded in 2012.
How many people use FXGrow?
FXGrow is used by over 10,000 registered FXGrow users.
What is FXGrow Headquarters country?
FXGrow has its head quarters office in Cyprus .
Does FXGrow offer negative balance protection?
FXGrow offers negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does FXGrow offer guaranteed stop loss?
FXGrow does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does FXGrow allow scalping?
FXGrow offers scalping.
Does FXGrow allow hedging?
FXGrow offers hedging.
Does FXGrow offer CFD trading?
FXGrow offers CFD trading.
Does FXGrow offer STP?
FXGrow offers STP trading.
How many people use FXGrow?
FXGrow is used by over 10000 FXGrow users and traders.
Is FXGrow an ECN broker?
FXGrow offers ECN trading.
Does FXGrow offer a demo account?
FXGrow offers a demo account.
Does FXGrow offer an Islamic account?
FXGrow offers an Islamic account.
What are the funding methods for FXGrow?
Please note that funding methods and options available with FXGrow can be found in the FXGrow Members area and depend on the FXGrow client’s country of residence. Please check your specific available payment methods on the FXGrow website. FXGrow accept the following funding methods : Credit cards, Bank Transfer, Neteller, Skrill, .