FxGrow Broker Review 2025

FXGrow is a versatile broker offering various account types, including ECN, ECN Plus, ECN VIP, and Demo accounts.

The broker offers MetaTrader 5 as its primary trading platform, alongside copy trading for automated strategies.

FxGrow Company Information & Regulation Status

FxGrow, established in 2008, has become a formidable forex and CFD trading player. about this broker:

• Regulated by CySEC (Cyprus Securities and Exchange Commission) under license number 214/13
• Clients over 100 countries
• Known for deep liquidity, fast execution, and transparency
• Awarded for best execution and liquidity

FxGrow's CySEC regulation ensures that it adheres to strict financial standards, providing traders with a secure and transparent trading environment. This regulatory oversight is crucial in establishing trust and credibility in the forex industry.

These regulations also reflect FxGrow's compliance with various financial supervisory authorities across multiple European countries:

• European Union: Governed by MiFID (Markets in Financial Instruments Directive)
• Spain: CNMV (La Comisión Nacional del Mercado de Valores), Ref. 3755
• Hungary: MNB (Magyar Nemzeti Bank), Ref. K8800582
• Norway: FINANSTILSYNET (Financial Supervisory Authority of Norway), Ref. NCB 342
• France: ACPR (Banque de France Eurosysteme), License 74965
• Poland: KNF (Polish Financial Supervision Authority), Ref. 2590060
• Germany: BaFin (Bundesanstalt fur Finanzdienstleistungsaufsicht), Ref. WA37-K 5000-138982-2014/0001
• Sweden: FI (Finansinspektionen), Ref. 14-10518
• Greece: HCMC (Hellenic Capital Market Commission), Ref. 2703

FxGrow Broker Summary of Specifics

Here's a quick overview of the Forex broker's key features:

Types of Accounts

FxGrow offers a tiered account structure designed to suit a wide range of traders:

• ECN: Minimum deposit of $100, available in USD, EUR, and PLN, with leverage up to 1:100 and spreads from 0.2 pips
• ECN-Plus: Enhanced execution features, likely requiring a higher deposit (not explicitly specified), with similar leverage and currency options
• ECN-Elite: Tailored for experienced or institutional traders; details on capital requirement not listed, but expected to exceed standard tiers

All accounts offer:

• Minimum order size of 0.01 lots
• Market execution
• Leverage up to 1:100
• Base currencies: USD, EUR, PLN

While ECN branding is used, the broker does not offer RAW or zero-spread accounts, which may concern traders seeking transparency on liquidity or tighter institutional pricing.

Minimum deposit thresholds range from $50 to $100, depending on payment method, with bank wire typically requiring the higher end. These accessible funding options make FxGrow suitable for new traders testing the waters with smaller capital commitments.

FxGrow Advantages and Disadvantages

Let's weigh the pros and cons of trading with FxGrow:

FxGrow provides a solid trading experience, thanks to its regulatory compliance and diverse range of instruments.

Traders should consider factors such as account currency limitations and the absence of a proprietary trading platform when making decisions.

How to Open an Account with FxGrow

Creating an account with the FxGrow broker is a hassle-free process even for beginners. FxGrow registration:

#1 Access the FxGrow Registration Page

Head to the official FxGrow website and click the "Register" button on the homepage to initiate account setup.

#2 Provide Personal Information

Enter the following details:

• Full name
• Country
• Mobile number
• Email address

Ensure that all details match those in your legal documents.

#3 Set Up Account Security

Create a strong login password (with letters, numbers, and symbols) and define a separate 4-digit withdrawal password for added security.

#4 Verify Your Email

Check your inbox for an email from FxGrow. Click on the verification link or enter the provided activation code to confirm your email address.

#5 Submit Additional Personal and Financial Information

Provide details such as ID number, residential address, education, source of income, and Tax Identification Number (TIN). Answer compliance questions regarding citizenship and political exposure.

#6 Declare Trading Experience

Disclose your prior trading experience, risk awareness, and investment objectives. Complete the final knowledge assessment and save the data.

FxGrow Verification

To verify your account with the FXGrow broker, you must provide the following documents. FxGrow verification:

• Proof of identity: Passport, driver's license, or ID card
• Proof of address: Utility bill or bank statement

Trading Platforms

FxGrow offers the powerful MetaTrader 5 (MT5) platform, renowned for its advanced features and user-friendly interface. Here's what you can expect:

• Desktop version
• Web platform
• Mobile app

While FxGrow, unlike some forex brokers, doesn't offer a proprietary platform, MT5's comprehensive feature set and widespread popularity make it a solid choice for traders of all levels.

TradingFinder has developed various advanced MT5 indicators that you can use for free.

Spreads and Commissions

FxGrow’s fee structure varies by account type, combining both spread-based and commission-based pricing:

• ECN Account: Spreads start from 1.2 pips, with no additional commission
• ECN-Plus: Spreads from 0.1 pips with an added commission (amount unspecified)
• ECN-VIP: Offers ultra-tight spreads from 0.00001 pips, with a flat $8 commission per round-turn trade

Average spreads (Standard account conditions):

• EUR/USD: 0.2–0.8 pips
• GBP/USD: 0.2–0.8 pips

While the spreads are competitive, FxGrow does not offer RAW spread or zero-spread accounts, which may be a limitation for high-frequency or institutional traders seeking ultra-tight execution.

Despite this, FxGrow earns points for transparency and fee simplicity. Traders also benefit from the absence of non-trading fees: there are no inactivity, deposit, or withdrawal charges.

Overall, trading costs are reasonable for retail traders, but may fall short for those seeking ultra-low-cost strategies.

Deposit & Withdrawal Methods

FxGrow offers a variety of payment methods to suit different trader preferences:

Copy Trading & Investment Options

FxGrow offers a copy trading feature, allowing traders to replicate the strategies of successful traders:

• Mirror the strategies of top-performing traders for potential success
• Enjoy a hands-off trading experience with automated execution of trades
• Remove emotional influence from trading decisions for more consistent results
• Benefit from expert insights without needing to actively manage trades
• Improve the chances of profitable trades with minimal manual intervention

However, it's important to note that FxGrow does not offer PAMM (Percentage Allocation Management Module) accounts. While copy trading can be an attractive option for many, it's crucial to approach it cautiously and as part of a broader trading strategy.

Tradable Markets & Symbols Overview

FxGrow offers access to a diverse yet modest range of over 600 tradable assets, suitable for most retail traders, but narrower than some of its competitors. The asset classes include:

• 60+ Forex pairs (majors, minors, and exotics)
• Global stock indices including S&P 500, FTSE 100, and DAX
• Metals and energies such as gold, silver, crude oil, and natural gas
• Commodity futures spanning various sectors
• CFDs on major cryptocurrencies like Bitcoin and Ethereum
• CFDs on select global stocks

However, FxGrow does not offer trading in ETFs, bonds, or options, which may limit appeal for diversified portfolio builders.

While the selection isn’t exhaustive, it provides enough depth for most retail strategies, especially in Forex, crypto, and indices. The platform also supports managed accounts and copy trading for investors preferring passive strategies.

Bonus offerings and Promotions

FxGrow broker offers a comprehensive partnership program aimed at helping affiliates achieve significant earnings while supporting their audience’s trading decisions. Key features include:

• Rebate Earnings (up to $25 per lot)
• Daily Rebate Payouts
• Personal Account Manager
• Advanced IB Portal
• Promotional Materials and Resources
• No Cap on Commissions
• Multi-Tiered Reward Structure
• 24/5 Support Team
• Instant Performance Reporting

FxGrow Broker Support Team

FxGrow offers multi-channel support to assist traders:

• Email Support: support@fxgrow.com
• Phone Support: +357-25-211707
• Callback Service
• Live Chat

FxGrow's support team is known for its responsiveness and expertise, and is available Monday-Friday 24 hours. The availability of various contact methods ensures that traders can get help when needed, which is crucial in the world of forex trading.

List of Restricted Countries

While FxGrow serves clients globally, there are restrictions for certain countries due to regulatory requirements:

• United States
• Australia

It's essential to note that this list may be subject to change, and traders should always verify the most up-to-date information on the FxGrow website.

Trust Scores & Reviews

FxGrow has garnered mixed reviews from the trading community:

• Trustpilot Score: 8 out of 5 (based on user reviews)
• Awarded "Most Transparent Broker of the Year 2021"

Here is what we found on the Trustpilot website:

It’s worth mentioning that the number of reviews is limited to 2; therefore, it cannot be a reliable source of judgment. It's essential to approach online reviews critically, as individual experiences vary greatly.

Education on FXGrow

FxGrow offers educational resources to support traders:

• Webinars: Regular online sessions covering trading strategies
• Seminars: Occasional in-person events (location-dependent)
• Trading guides: Comprehensive articles on trading strategies and market analysis

While FxGrow's educational resources are valuable, they may not be as comprehensive as those of some competitors. Traders seeking in-depth education should supplement their knowledge with external resources.

Comparison of FxGrow with Other Forex Brokers

FxGrow's comparison with other well-known brokers helps you decide whether this broker provides the services you need.

Conclusion and Final Words

FXGrow's focus on ECN trading, with spreads from 0.00001 pips and an FX commission of $8, will appeal to many traders.

However, potential clients should weigh the pros and cons carefully, considering factors such as 24/5 support and the limited trading platforms.