Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FxGrow Pros & Cons
- More than 160 trading instruments with order execution in under 10 ms.
- Multi-regulated broker in Europe (licenses in 9 countries).
- Negative balance protection for all retail traders.
- 0% commission on deposits by any payment method.
- Demo accounts of various types available for testing trading conditions.
- Operations in compliance with MiFID, with segregated client funds.
- Equinix LD4 and TY4 data centers and ECN execution technology.
- Limited deposit and withdrawal methods.
- Withdrawal fees are charged.
- Customer support is unavailable on Saturdays and Sundays.
FxGrow is a broker founded in 2008 that serves retail and institutional clients in more than 100 countries. It provides ECN execution through the MetaTrader 5 trading platform with leverage is up to 1:100 and access to a broad set of instruments, including more than 60 currency pairs, over 17 indices and commodities, metals and energies, and 34+ futures CFDs. The broker is regulated by CySEC (Cyprus Securities and Exchange Commission, license CIF No. 214/13) and holds additional licenses in European jurisdictions.
TU Expert Verdict
FxGrow demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
FxGrow User Reviews
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5-star
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4-star
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3-star
75%
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2-star
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1-star
25%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria9 /10The trading and non-trading commissions of FxGrow have been analyzed and rated as having Low fees, with a fees score of 9/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FxGrow with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FxGrow RAW/ECN spreads FxGrow OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 5 EUR/USD avg spread 0.15 0.2 GBP/USD avg spread 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FxGrow. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FxGrow Non-Trading Fees FxGrow OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0-2.9 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0-5 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is FxGrow Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10FxGrow has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 18 years
- Strict requirements and extensive documentation to open an account
FxGrow Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level BaFin
Full Name Federal Financial Supervisory Authority Country of regulation Germany Investor Protection Fund Up to €20,000 Regulation Level Tier-1 CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 CNMV
Full Name Comisión Nacional del Mercado de Valores Country of regulation Spain Investor Protection Fund Up to €100,000 Regulation Level Tier-1 Abbreviation KNF (Poland) Full Name Komisja Nadzoru Finansowego (KNF) – Polish Financial Supervision Authority Country of regulation Poland Investor Protection Fund Up to €20,000 per investor Regulation Level Tier-1 FxGrow Security Factors Foundation date 2008 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.0 /10FxGrow offers the following account options: Demo, ECN/Raw spread, Swap Free, VIP.
However, FxGrow does not provide a Standard account, which can be a drawback for traders who prefer classic spread-based pricing models.
- Exclusive VIP account with enhanced trading conditions
- Demo account
- Tight spread ECN account
- No Cent account
- Micro lots are not available
FxGrow account types vs top competitors FxGrow Trading.com Plus500 Standard NoYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP YesNoNoManaged NoNoNoFxGrow accounts trading conditions
FxGrow offers ECN accounts that differ in commissions (spread and per-lot commission) and minimum initial deposit requirements. Conditions common to all accounts include no restrictions on trading strategies and the ability to trade with leverage is up to 1:30 to 1:100, depending on the trader's jurisdiction. Each account type is available in demo format.
Account types:
Account Type Description ECN Minimum deposit is $100. Spreads from 1.1 pips. No per-lot or other trading commission. ECN Plus Minimum deposit is $1,000. Spreads from 0.2 pips, per-lot commission from $8. ECN Elite Minimum deposit is $100,000. Spreads from 0.2 pips, commission from $6. Demo A practice account with virtual funds. It allows traders to test the platform and trading strategies without the risk of losing real money. The deposit consists of virtual funds. -
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5 /10FxGrow received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FxGrow provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- Bank wire transfers available
- No deposit fee
- PayPal not supported
- Withdrawal fee applies
- Only major base currencies available
What are FxGrow deposit and withdrawal options?
FxGrow provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Wire, Skrill, Neteller.
FxGrow Deposit and Withdrawal Methods vs Competitors FxGrow Trading.com Plus500 Bank Wire YesYesYesBank card NoYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are FxGrow base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FxGrow supports the following base account currencies: USD, EUR, PLN.
What are FxGrow's minimum deposit and withdrawal amounts?
The minimum deposit on FxGrow is $100, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FxGrow’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.3 /10FxGrow offers a limited selection of trading assets compared to the market average. The platform supports 160 assets in total, including 60 Forex pairs.
- Commodity futures are available
- Crypto trading
- 60 supported currency pairs
- Bonds not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by FxGrow with its competitors, making it easier for you to find the perfect fit.
FxGrow Trading.com Plus500 Currency pairs 60 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 160 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products FxGrow offers for beginner traders and investors who prefer not to engage in active trading.
FxGrow Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at FxGrow by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with FxGrow in 5 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FxGrow is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Quick KYC verification (1 business day or less)
- Low minimum deposit requirement
- Fully online account opening process
- Account setup process may feel less convenient for beginners
FxGrow account opening FxGrow Trading.com Plus500 Online Registration YesYesYesMinimum deposit $100 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 5 20 KYC time (days) 1 2 3 Is FxGrow available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
FxGrow is a broker that allows traders to open an account remotely from anywhere in the world.
To do this, it is necessary to:
Go to the official website and click "Register" (the button at the top of any page on the site).
Complete the short registration form and accept the terms of service.
Generate a password for logging into the account and a PIN code for withdrawals.
Confirm your email address and log into the user account using a unique code.
Select the account type, currency, and leverage, and upload the required documents.
Features of FxGrow user account allow traders to:
- View and edit personal profile information.
- Manage trading accounts and the internal wallet.
- Download the MetaTrader 5 trading platform.
- Deposit funds using various payment methods.
- Submit withdrawal requests.
- Participate in the referral program and invite friends.
- Access educational materials.
- Contact the company's customer support team.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria6.7 /10FxGrow received a score of 6.7/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- MetaTrader is available
- Trading bots (EAs) allowed
- API access for automated trading
- No access to a proprietary platform
- No one-click trading
Supported trading platforms
FxGrow supports the following trading platforms: MT4, MT5, WebTrader. This selection covers the basic needs of most retail traders. We also compared FxGrow’s platform availability with that of top competitors to assess its relative market position.
FxGrow Trading.com Plus500 MT4 YesNoNoMT5 YesYesNocTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey FxGrow’s trading platform features
We also evaluated whether FxGrow offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA NoAlerts YesTrading bots (EAs) YesOne-click trading NoScalping YesSupported indicators 30 Tradable assets 160 Additional trading tools
FxGrow offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
FxGrow trading tools vs competitors FxGrow Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. YesYesNoAPI YesNoNoFree VPS NoNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria7 /10FxGrow supports mobile trading, offering dedicated apps for both iOS and Android. FxGrow received a score of 7/10 in this section, indicating a generally acceptable mobile trading experience.
- Mobile alerts supported
- Strong Android user ratings, currently at 4.6/5
- Solid iOS user feedback, with a rating of 4.7/5
- Mobile 2FA not supported
We compared FxGrow with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
FxGrow Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 10,000,000 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 4.7 4.8 4.7 Google Play score 4.6 4.7 4.4 Mob. 2FA NoYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at FxGrow by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria2.6 /10FxGrow demonstrates a low level of customer support reliability. Contacting support can be difficult, and responses may be significantly delayed or incomplete.
During testing, managers were slow to respond or failed to provide sufficient assistance. Such a support level may create risks for traders who require timely issue resolution.
InformationBoth broker clients and website visitors can reach the support team, which is available 24/5. For client convenience, the FxGrow website lists contact details for individual departments, allowing direct communication with the relevant division of the company.
- Round-the-clock support Monday through Friday
- Multiple communication channels
- Callback option available
- No 24/7 support
Available communication channels:
- Online chat.
- Email.
- Phone.
- Company profiles on popular social networks.
- Contact form in the website's contacts section.
Contacts Foundation date 2008 Registration address Arc. Makariou C 59, Steratzias Court Block A, Office 14, 4003 Limassol, Cyprus Regulation CySEC, BaFin, CNMV, KNF, and others Licence number:
CIF No. 214/13, 10138982, 3755, 2590060Official site https://fxgrow.com/en Contacts support@fxgrow.com +35725211707
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FAQs
How is FxGrow regulated and what investor protection does it offer?
FxGrow has a safety score of 10/10 and is described as having a high security level, supported by Tier-1 regulation and a track record since 2008. It is supervised by BaFin (Germany), CySEC (Cyprus), CNMV (Spain), and KNF (Poland), with investor compensation schemes that typically cover up to €20,000 per investor, except CNMV which is listed as up to €100,000. The broker also applies negative balance protection and requires KYC verification.
What trading and non-trading fees should traders expect at FxGrow?
FxGrow’s overall fee level is rated 9/10, with low forex trading fees, tight EUR/USD spreads, and no deposit or inactivity fees. RAW/ECN accounts have market-based floating spreads and an additional commission per lot, and withdrawals may incur fees ranging from 0–2.9% or 0–5 USD depending on the method. Exact spreads and commissions for FxGrow’s own accounts are not fully specified in this section.
What do mixed FxGrow reviews and user feedback indicate about client satisfaction?
FxGrow has a user satisfaction score of 5/10 based on 4 reviews, with 75% of ratings at 3 stars and 25% at 1 star. This distribution suggests a mixed experience among reviewers, with no 4- or 5-star ratings reported. According to user reviews, opinions about the broker are neither strongly positive nor uniformly negative.
How does the FxGrow account opening process work and how long does it take?
Opening an account with FxGrow is fully online, with registration taking about 5 minutes and KYC verification typically completed within 1 business day, and the minimum deposit is $100. The process involves registering on the website, confirming email, setting login credentials and a withdrawal PIN, choosing account settings, and uploading documents. The user area then allows management of profiles, trading accounts, funding and withdrawals, platform downloads, access to educational materials, and contacting support, though the setup may feel less convenient for beginners.
What feedback is available on FxGrow’s mobile trading apps for iOS and Android?
FxGrow provides mobile trading apps for both iOS and Android, with a mobile section score of 7/10 and App Store and Google Play ratings of 4.7 and 4.6 respectively. The apps support indicators and mobile alerts, but mobile two-factor authentication is not supported according to this section. Total downloads are listed at 10,000,000, indicating broad usage, although detailed qualitative user comments are not provided here.
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