• Minimum Deposit

    • 50-500
  • Leverage

    • 200:1
    • 100:1
  • Regulation

    • VFSC
    • CySec

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FxGrow is a brand name of Growell Capital LTD growing since 2008, what began as a small circle has developed into an international identity to be one of the most reputable brands worldwide, head quartered in Limassol regulated from the Cyprus Securities and exchange commission (CySEC) since 2012. FxGrow provides Technology trading tools for institutions, professional and retail clients, in addition to online access for Forex currencies, CFDs on futures, cash indices, Commodities, stocks and Cryptocurrencies. Our review will look at some of the key features of the broker in an attempt to help you decide if they are likely to be able to meet your needs.

Quick Look

In addition to its CySEC regulation, FxGrow is also a registered and regulated broker in Vanuatu. This gives them access to a larger global market. FxGrow offers both STP and ECN accounts utilizing the advanced MetaTrader 5 platform. Access to the interbank market is provided through the use of the LD4/TY4 Equinix data center, and client bank accounts are segregated, with funds held in tier-1 banks.

Asset selection is very good, with the broker advertising access to more than 500 assets. In addition, spreads are as low as 0.2 pips, this keeps trading costs low and profits higher. The broker also lists execution time for trades as being less than 10 milliseconds, so slippage should not be an issue.

This broker states that transparency and straightforwardness is important to them and the first impression of FxGrow is quite positive.

For that, the company has been rewarded as being the most transparent forex broker for the year 2021 from the JFEX expo that took place in Amman, and for their remarkable trading conditions, FxGrow has been rewarded as the best CFDs provider from the IFX expo 2021, which was held in Dubai. Also, the company has been rewarded previously for its technologies and innovations, several times.

FxGrow Quick Look


While there are many brokers out there trying to operate without regulation, we do believe that any serious broker should be licensed and regulated if for no other reason than providing clients with peace of mind, and of course an outlet when some dispute arises that remains unsettled through usual broker channels.

FxGrow is regulated by the Cyprus Securities and Exchange Commission (license 214/13), which also means they adhere to MiFID II requirements. This allows the broker to provide cross border services, and insures retail trader’s deposits up to €20,000 under the Investor Compensation Fund. Clients are also protected by Negative balance Protection.

Thus FxGrow is providing secure and transparent trading operations. Client funds are segregated, with accounts held in global tier-1 banks. And there are cutting edge technological protections in place to ensure the integrity of the trading platform and client data.

Account Types

Traders can choose from three different account types depending on the execution they require, their investment capital available, and the features they are looking for in their accounts. As a rule all three account types offer leverage as great as 100:1, minimum trade size of 0.01 lots, and margin and stop levels set to 50%. In addition, all accounts can take advantage of a demo account, the availability of swap-free accounts, and VPS hosting.

The entry level account is called “ECN”, which is a bit of a misnomer since the account actually uses STP execution. That is actually good for new traders, as is the low $100 minimum deposit required. Spreads run as low as 1.1 pips and there are no commissions with this level account.

The next level account is the “ECN-Plus account. This is a true ECN account that features spreads as low as 0.2 pips, with a commission of $8 per lot. The minimum deposit for this mid-tier account is $1,000.

The top-tier account is the “ECN-Elite” account and it features spreads as low as 0.2 pips with commissions of $6 per lot. It also features ECN execution, but has a fairly hefty minimum deposit of $100,000.

It is also worth noting that there are no restrictions on trading strategies on any of the account types.

Available Assets

The available assets at FxGrow have grown recently and the broker now advertises over 500 assets available through the MT5 trading platform. Those assets include 61 currency pairs, major global indices, a number of commodities that include the always popular gold and crude oil, and the new asset class of cryptocurrencies.

Trading Platforms

There is only one trading platform offered by FxGrow, but it is the MetaTrader 5 platform so there is really no need for anything else. MetaTrader 5, also called simply MT5, is the most advanced trading platform offered by the world-famous MetaQuotes group. It was created to replace the award-winning MetaTrader 4 platform, and it provides superior execution when trading CFDs and cryptocurrencies, as well as advanced order management features.

Traders can use the MT5 platform on either their mobile device, or as a desktop application. And it is available for both Android and iOS mobile devices as well as MacOS and Windows desktops.

Some of the features included in the MT5 platform include:

  • 80 built-in technical indicators and analytical objects, plus custom indicators
  • Real-time information including quotes, account summary, P&L etc.
  • 21 time intervals to analyse short-term and long-term trends
  • Ability to use Experts Advisors for automated trading
  • Up to 100 charts can be opened simultaneously
  • Multiple order types and execution modes
  • Direct news feed


There is a good selection of deposit and withdrawal methods at FxGrow, which include credit/debit cards, bank wires, prepaid cards, and a number of eWallets. The broker has no deposit fees, which is standard in the industry. They also have no withdrawal fees, which is quite refreshing and a nice touch. It is possible that fees will be charged by the payment processors, but that is out of FxGrow’s control. All transactions are processed during normal business hours, and with the exception of bank wires should be in client accounts within 24 hours.

FxGrow Banking

While the broker will accept deposits of as little as $1, potential clients should keep in mind that there is a $100 minimum for the lowest-tier live account. The website lists the minimum withdrawal as $10.

Customer Service

At FxGrow customer support is taken seriously, and the support given is excellent. Clients are able to contact the support staff via email, telephone, or through an online chat facility. It is also possible to leave a message and receive a call back from the support staff. Support is rendered Monday through Friday, 24 hours a day, so that all market hours are covered. You probably will not ever need to contact support, but if for some reason you do need to contact them you will be pleased with the service you receive.

Phone: +357 25 211707

Email: info@fxgrow.com

In Conclusion

We would have to say that unless you have some problem with MetaTrader 5 as a trading platform we can see no reason not to choose FxGrow as your online forex and CFD broker. The CySEC regulation is a definite plus, and the fact that all three account types provide roughly the same features is a plus in our opinion. It keeps things simple, and those three account types can serve all types of traders, from beginners to professionals.

As we always mention it would be nice to have expanded customer support hours, particularly since the cryptocurrency markets are still open and trading over the weekend. But this is the trend in the industry, and we can see why the broker would choose not to provide 24/7 support simply to cover a handful of instruments.

Clients should also be pleased with the lack of fees on deposits and withdrawals, as well as the protections offered by CySEC regulation.

With nearly a decade in business it is clear that FxGrow has been doing things right, and that they have built up trust with their clients and a good reputation in the industry. We see no reason not to give them a try. You just might find yourself a new broker.

Full Breakdown Filters

Full Breakdown

Full Breakdown
Minimum Deposit
Currency Pairs
Execution Model
Contract Sizes
Additional Filters

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