FxGrow Review 2021

138

Position
in rating

138

Position in rating

3.36/10
Overall rating

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of FxGrow Trading Company

Fxgrow was established in 2008, and today the company with offices in Cyprus serves customers from over 100 countries of the world. The company accepts both individual and corporate traders involved in the financial markets. In addition, Fxgrow customer care service is available 24/5. In 2012, Fxgrow LTD, a brand name of Growell Capital Limited, became authorized by the CYSEC with CIF license no. 214/13, and governed by the Markets in Financial Instruments Directive (MiFID).

💰 Account currency: USD, EUR, PLN
🚀 Minimum deposit: 100 USD
⚖️ Leverage: 1:100
💱 Spread: От 0,2 пунктов
🔧 Instruments: Forex, Indices & Commodities, Metals & Energies Symbols, CFDs on Futures, Cryptocurrencies.
💹 Margin call/Stop Out: 50%/50%
Attention!

We work exclusively with the accounts opened through Traders Union.

FxGrow Latest Comments 2021

0
2
3

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of FxGrow published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Broker FxGrow increases its rating by using fake reviews. On many resources, I saw how administrators blocked user accounts for multiple registrations. And these users wrote happy reviews about FxGrow. I do not recommend this broker!

Here's my experience. I did the online process which went smooth and then uploaded my passport info. About 30 seconds later I get a phone call from a FxGrow rep saying he will help me get my account setup. He was expecting me to have a $1000 + ecn account. I told him I've had a lot of brokers and I want to start with the minimum $200 until I make sure that I feel comfortable to add more. He sounded unhappy and phone ended. At that stage my account wasn't even verified yet and I had to add another id. Now it's been 4 business days and I haven't heard anything from them and my account is still waiting to be verified.

I transferred funds from Skrill to replenish the account, they came to the wallet in the FxGrow personal account. Then I cannot transfer funds to the trading account, the button on the OFFLINE wallet is constantly on. The support team does not respond to inquiries and emails. I would not really like to face scammers.

In the first month, the execution was great until I made a good profit, after which I got unquoted or high slippage and started losing money because of it. Means, the FxGrow company is not very decent! I have withdrawn my deposit.

This is a very dishonest company. FxGrow deliberately posts false terms on its website. They say there is no spread on ECN accounts. In fact, there is a spread on these accounts. And at night, the spread widens. Therefore, orders are closed by stop loss. Do not partner with FxGrow.

Analysis of the Main Features of the Forex Broker

3.36

Overall rating

3.15

/10

Execution of orders

3.57

/10

Investment instruments

3.21

/10

Withdrawal speed

3.51

/10

Customer Support work

2.99

/10

Variety of instruments

3.73

/10

Trading platform

Dynamics of the Popularity of FxGrow
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mär.
Apr.
Mai.
Jun.
Jul.
Aug.
Sep.
Okt.
Nov.
Dez.

Trading Conditions for FxGrow Users

💻 Trading platform: MetaTrader 5, Mobile
📊 Accounts: ECN, ECN-plus, ECN-Elite
💰 Account currency: USD, EUR, PLN
💵 Replenishment/Withdrawal: Credit/Debit Cards, E-Wallets, Prepaid Cards, Bank Wire
🚀 Minimum deposit: 100 USD
⚖️ Leverage: 1:100
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: От 0,2 пунктов
🔧 Instruments: Forex, Indices & Commodities, Metals & Energies Symbols, CFDs on Futures, Cryptocurrencies.
💹 Margin call/Stop Out: 50%/50%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Orders execution: Market Execution
⭐ Trading features: No
🎁 Contests and bonuses: No

Comparison of FxGrow with other Brokers

FxGrow FxPro XM Group Admiral Markets UK AvaTrade eToro
Trading
platform
MT4, MT5, WebTrader MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MobileTrading, WebTrader
Min deposit $100 $100 $5 $200 $100 $200
Leverage From 1:1
to 1:100
From 1:1
to 1:200
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
From 1:2
to 1:30
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 1 point From 1 point From 0 points From 0 points From 2 points
Level of margin call
/ stop out
100%  /  50% 50%  /  50% 100%  /  50% 100%  /  30% 25%  /  10% No
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution Instant Execution
No deposit bonus No No $30 No No No
Cent accounts No No Yes No Yes No

Broker comparison table of trading instruments

FxGrow FxPro XM Group Admiral Markets UK AvaTrade eToro
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No No No Yes No Yes
Options No Yes No No No Yes

Contacts

Registration address Arc. Makariou C 59 Steratzias Court Block A , Office 14, 4003 Limassol, Cyprus
Regulation
Official site
Contacts

Tags:

FxGrow

The Oldest Reviews of the FxGrow

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of FxGrow published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

This is a very dishonest company. FxGrow deliberately posts false terms on its website. They say there is no spread on ECN accounts. In fact, there is a spread on these accounts. And at night, the spread widens. Therefore, orders are closed by stop loss. Do not partner with FxGrow.

In the first month, the execution was great until I made a good profit, after which I got unquoted or high slippage and started losing money because of it. Means, the FxGrow company is not very decent! I have withdrawn my deposit.

I transferred funds from Skrill to replenish the account, they came to the wallet in the FxGrow personal account. Then I cannot transfer funds to the trading account, the button on the OFFLINE wallet is constantly on. The support team does not respond to inquiries and emails. I would not really like to face scammers.

Here's my experience. I did the online process which went smooth and then uploaded my passport info. About 30 seconds later I get a phone call from a FxGrow rep saying he will help me get my account setup. He was expecting me to have a $1000 + ecn account. I told him I've had a lot of brokers and I want to start with the minimum $200 until I make sure that I feel comfortable to add more. He sounded unhappy and phone ended. At that stage my account wasn't even verified yet and I had to add another id. Now it's been 4 business days and I haven't heard anything from them and my account is still waiting to be verified.

Broker FxGrow increases its rating by using fake reviews. On many resources, I saw how administrators blocked user accounts for multiple registrations. And these users wrote happy reviews about FxGrow. I do not recommend this broker!

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FAQs

Do reviews by traders influence the FxGrow rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about FxGrow you need to go to the broker's profile.

How to leave a review about FxGrow on the Traders Union website?

To leave a review about FxGrow, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about FxGrow on a non-Traders Union client?

Anyone can leave feedback about FxGrow on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with FxGrow through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.