FxGrow Review 2026

Top Brokers Overview — United States
How we tested FxGrow

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

Chief Analytics Officer

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.

FxGrow provides access to trading Forex pairs, commodities, stock CFDs, indices, and cryptocurrencies, with a total of 160 instruments supported through MetaTrader 5, MetaTrader 4, and WebTrader. The broker is regulated by CySEC, BaFin, CNMV, and KNF in Europe and offers ECN execution, negative balance protection, fast order execution, and low Forex trading fees. Account options include ECN, ECN Plus, ECN Elite, swap-free, VIP, and demo formats, with a minimum deposit starting at $100. The cash management process is straightforward, and onboarding is typically completed within one business day.

Drawbacks include a limited range of deposit and withdrawal methods, withdrawal fees, lack of a Standard account or micro lots, and notably weak customer support with no service on weekends. The asset selection is narrower than at many leading brokers, and access to certain advanced features or products such as ETFs is absent. FxGrow may be suitable for traders who prioritize regulation, fast execution, and low fees, though those needing robust support or broader asset coverage may find it less ideal.

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FxGrow User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
5 /10
4 total
  • 5-star
    0%
  • 4-star
    0%
  • 3-star
    75%
  • 2-star
    0%
  • 1-star
    25%
Matthewfet
4 years ago

I have been working with FxGrow for more than a year and I recommend it as a decent company that will fulfill its obligations on all points of the client agreement. All trading conditions are clearly spelled out on the broker's website, so I see no reason to repeat myself. From what FxGrow is silent about: it will be comfortable to trade here only with pending orders. Although trading takes place via the ECN network, it is almost always difficult to enter the market: in 90% of cases, the order does not have time to be executed at the requested price and it is proposed to repeat the request. Scalpers will definitely not be able to make money here. I trade intraday when the flat breaks out on M15. If this does not happen before the release of news in the European session, then I do not climb into the market at any cost.

julian
5 years ago

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.

annu617
5 years ago

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.

  • 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 criteria
    9 /10

    The 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 criteria
    10 /10

    FxGrow 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
    BaFinBaFin Full Name Federal Financial Supervisory Authority Country of regulation Germany Investor Protection Fund Up to €20,000 Regulation Level Tier-1
    CySecCySec Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1
    CNMVCNMV 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
    Yes
    Verification (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 /10

    FxGrow 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
    No
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    No
    Demo
    Yes
    Yes
    Yes
    Cent
    No
    No
    No
    Micro
    No
    No
    No
    Swap Free
    Yes
    No
    No
    VIP
    Yes
    No
    No
    Managed
    No
    No
    No

    FxGrow 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 methodology
    5 /10

    FxGrow 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
    Yes
    Yes
    Yes
    Bank card
    No
    Yes
    Yes
    PayPal
    No
    No
    Yes
    Wise
    No
    No
    No
    BTC
    No
    No
    No

    What 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.

  • 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 criteria
    6.3 /10

    FxGrow 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
    Yes
    No
    Yes
    Commodity futures
    Yes
    No
    Yes
    Crypto 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.
    Yes
    No
    Yes
    Stock indices
    Yes
    No
    Yes
    Options
    No
    No
    Yes

    Investment 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
    No
    No
    No
    ETFs
    No
    No
    Yes
    Copy trading
    Yes
    No
    No
    PAMM investing
    No
    No
    No
    Managed accounts
    No
    No
    No
  • 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 /10

    We 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
    Yes
    Yes
    Yes
    Minimum deposit $100 $50 $100
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration 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.
  • 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 criteria
    6.7 /10

    FxGrow 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
    Yes
    No
    No
    MT5
    Yes
    Yes
    No
    cTrader
    No
    No
    No
    TradingView
    No
    Yes
    Yes
    Proprietary platform
    No
    Yes
    Yes
    NinjaTrader
    No
    No
    No
    WebTrader
    Yes
    Yes
    Yes

    Key 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
    No
    Alerts
    Yes
    Trading bots (EAs)
    Yes
    One-click trading
    No
    Scalping
    Yes
    Supported 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.
    Yes
    Yes
    No
    API
    Yes
    No
    No
    Free VPS
    No
    No
    No
    Strategy (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.
    No
    No
    No
    Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.
    No
    No
    No
  • 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 criteria
    7 /10

    FxGrow 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
    No
    Yes
    Yes
    Mob. Indicators
    Yes
    Yes
    Yes
    Mob. Alerts
    Yes
    Yes
    Yes
  • 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 criteria
    2.6 /10

    FxGrow 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.

    Information

    Both 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, 2590060
    Official site https://fxgrow.com/en
    Contacts support@fxgrow.com +35725211707

Best FxGrow Alternatives

Trading.com USA
Logo Trading.com USA
Trading.com USA
6.9 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
Logo Plus500
Plus500
7.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
6.6 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
Logo IG Markets
IG Markets
6.4 /10
Regulation Tier-1
EUR/USD 0.6 pips

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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