A TopBrokers360 FxGrow Review for 2023
FxGrow is a CFD broker that has been a prominent part of the online trading phenomenon since 2008. With a strong reputation as a leading provider of CFDs worldwide, FxGrow serves as a dominant gateway to the financial markets for traders of all levels.
FxGrow, operating under the brand name of Growell Capital, is an internationally recognized online brokerage firm catering to the needs of investors. The company is authorized and regulated by the Cyprus Securities and Exchange Commission (“CySEC”), holding a CIF limited license with the number 214/13. Additionally, FxGrow operates under the EU Markets in Financial Instruments Directive (MiFID), ensuring a secure and transparent trading experience for its clients.
Traders from all around the globe can access the financial markets with FxGrow’s award-winning trading services.
Pros and Cons
Pros:
- CySEC Regulation
- Free Daily Forex Analysis
- 24/5 Customer Support
- Comparatively Low Spreads
- Negative Balance Protection
Cons:
- Does Not Accept Clients From the USA and Australia
- Lack of Diverse Educational Tools
Trading on the Globally Renowned MT5
Image source: MT5 Trading Platform FxGrow
While FxGrow may not provide a wide range of trading platforms to choose from, the ability to trade CFDs with the dominant MT5 enhances every trader’s experience as it allows them to trade from any device they prefer and discover leading trading tools and resources that cover both technical and fundamental analysis aspects.
You can trade on the go or from your desktop with MT5’s user-friendly interface, which provides access to a range of technical indicators, charting tools, and Expert Advisors for automated trading.
Image source: FxGrow MT5 trading platform
- Automated Expert Advisors
- Charting Analysis Tools
- Trading via Desktop or Mobile
- 30+ Technical Indicators
- Diverse range of CFDs
Trading Instruments in Every Financial Market
FxGrow gives you the option to diversify your trading portfolio with a wide range of CFDs to trade.
Whatever your trading plan, with an FxGrow trading account you can choose among different markets and instruments, such as forex, CFDs in commodities, cryptocurrencies, indices, and futures.
Instruments:
Forex Pairs:
- Over 60 currency pairs to discover in the most popular financial market.
Indices:
- Track the performance of the stock markets or specific industries.
Cryptocurrencies:
- Participate in the emerging digital asset market to find Bitcoin and more.
Commodities:
- Buy and sell commodities, such as oil and gold, while navigating price volatility.
FxGrow Trading Account Types
Find the FxGrow trading account that is suited to your trading goals.
FxGrow recognizes that traders have varying needs, and as such, offers three distinct account types, the ECN account, the ECN-PLUS account, and the ECN-ELITE account.
In addition to different deposit amounts required to start trading, each account type also has varying spreads, leverage, and other trading conditions. By providing a range of account types, the broker aims to cater to the diverse needs of traders and ensure that they have access to a trading environment that suits their preferences and strategies.
FxGrow’s MT5 platform also offers a demo account for clients to test out the trading conditions and strategies of the broker in a risk-free environment. This demo account is beneficial for both prospective and existing clients who are looking to enhance their trading skills or test new trading ideas.
Image source: FxGrow Trading Accounts
Company License and Regulation
Growell Capital, operating under the brand name FxGrow, is a licensed and regulated brokerage firm under the Cyprus Securities and Exchange Commission (CySEC). With a CIF license number 214/13, FxGrow adheres to strict regulatory standards, ensuring the safety and security of its clients’ funds.
By being authorized and regulated by CySEC, FxGrow is committed to maintaining transparency, integrity, and accountability in all aspects of its operations.
Image source: FxGrow Regulations
FxGrow Deposits and Withdrawals
Funding your trading account is made simpler with the variety of payment options provided by FxGrow. This allows traders to build their trading experience based on their own preferences, with security and confidentiality.
Image source: FxGrow Deposits and Withdrawals
FxGrow’s Straightforward Assistance
The broker provides a range of convenient options for customers to get in touch with their support team. These include telephone, email, live chat, and an assistance request form, all available 24/5. Whether clients have questions about their accounts, need technical support, or have any other queries, FxGrow’s dedicated customer support team is available to provide assistance promptly and efficiently.
Image source: FxGrow Customer Support
Experience Optimal Trading Conditions with FxGrow’s Regulated Brokerage Services
Image source: Why Trade with FxGrow
