This profile is currently being reviewed by the BestForex.io editorial team. Some information may be incomplete or subject to change.
FxGrow Review
FxGrow is a Cyprus based forex and CFD broker regulated by CySEC. A related Vanuatu entity lost its license in 2023, and old UK market access is now cancelled.
Min Deposit
$100
Spreads From
0.2 pips (ECN Plus and ECN Elite accounts)
Max Leverage
1:30 for retail clients, 1:100 for professional clients
Platforms
MetaTrader 5
Pros
- Regulated by CySEC in Cyprus under license number 214/13 since 2013
- Three account tiers let traders match fees to their trading style
- Negative balance protection is included on retail trading accounts
- Offers an Islamic swap free account for traders who need one
- Spreads on the higher tier accounts can drop to about 0.2 pips
Cons
- A related Vanuatu entity, FXGrow Limited, had its VFSC license revoked
- Its old UK FCA passporting record is now cancelled and inactive
- Independent reviewers report recurring withdrawal delays and fee demands
- The FCA has warned of a clone site using the FxGrow name to scam UK savers
- Minimum deposit for the top ECN Elite tier is a steep $100,000
FxGrow is the trading name of Growell Capital Ltd, registered in Cyprus in 2012. It got its CySEC license in 2013, number 214/13. FxGrow markets itself as active since 2008, though the regulated Cyprus firm only started under CySEC in 2013.
Traders can choose ECN, ECN Plus, or ECN Elite on MetaTrader 5, needing $100, $1,000, or $100,000 to open. Spreads start near 1.1 pips on ECN and around 0.2 pips on the higher tiers. Retail leverage is capped at 1:30 under EU rules, rising to 1:100 for professional clients. FxGrow offers forex, metals, indices, and a few crypto linked CFDs.
A related Vanuatu firm, FXGrow Limited, had its financial dealer license revoked by the VFSC, and FxGrow no longer lists Vanuatu on its site. Growell Capital Limited once had UK access through EU passporting, but that FCA record is now cancelled. The FCA has also warned that scammers run a clone site under the FxGrow name. Independent reviewers note recurring complaints about slow withdrawals.
Min. Deposit
USD 100
Max Leverage
1:30 for retail clients, 1:100 for professional clients
Spreads From
0.2 pips (ECN Plus and ECN Elite accounts)
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
