FXGrow Review 2026

FXGrow Review

Founded in 2008, FxGrow is one of the oldest players in the forex trading industry. For traders looking for a regulated ECN broker, FxGrow is a great choice. They offer competitive spreads, fast execution speeds, and tight security measures to ensure your funds are safe.

FxGrow accepts traders from around the world, including those in the US. They offer over 500+ assets and digital coins to trade on MetaTrader 5 and WebTrader platforms. With state-of-art risk management tools and social trading platform, FxGrow offers a great trading experience for retail and institutional traders.

In this review, we’ll look at FxGrow and see if investing your time and money is worth investing. We’ll cover account types, leverage, spreads & commissions, customer service, and more! So without further ado, let’s jump into the review.

What is FxGrow?

Established in 2008, FxGrow has experienced remarkable growth and now provides retail and institutional customers worldwide with its services from offices in Cyprus. In 2012, FxGrow Ltd., a subsidiary of Growell Capital Limited respectively, became authorized by CYSEC under MiFID regulations through CIF license number 214/13.

FxGrow operates across multiple regulated markets, including the United Kingdom and European Union, with plans to expand into other markets. FxGrow brokerage firm provides traders access to over 500+ assets, including forex, CFDs, crypto, stocks, and more. 

In addition, FxGrow offers three different account types, and traders can choose between ECN, ECN-Plus, and ECN-Elite accounts. With fast execution speed, automated trading, advanced trading platforms, a forex calculator, and a wide range of assets, FxGrow provides the ideal trading environment for traders of all levels.

Benefits of Trading with FxGrow

FxGrow claims to offer the best-aggregated prices and lowest market spreads and commissions. This ECN broker has access to deep liquidity sources and provides traders with the best market prices. In addition, traders can get technical insights like market volume, price charts,  and news feeds. 

The broker also promises fast order execution that is less than 10 ms. Furthermore, FxGrow is known for its wide range of trading assets, including gold, crude oil, cryptocurrencies, and much more. However, multi-account managers and social trading options help traders manage their accounts easily.

FxGrow offers a variety of payment methods, including credit/debit cards, e-Wallets, and bank transfers, for a hassle-free trading experience. Traders can make a minimum deposit of $100 to start trading. However, for ECN-Plus and ECN-ELITE, a minimum deposit of $1,000 and $100,000 is required. Finally, traders can enjoy MT5 (Desktop and Mobile) and MT5 (WebTrader) trading platforms for an efficient trading experience.

FxGrow Customer Reviews

Our experts have come through several customer reviews for FxGrow and found out that many traders are not much happy with the trading conditions of FxGrow. Most customers have reported slow order execution speed, high slippage, and higher spreads than most other brokers. Moreover, the customer support team of FxGrow is also reported to need to be faster in responding to queries and complaints. So, be sure to evaluate all the pros and cons before making a trading decision.

FxGrow Spreads, Fees, and Commissions

FxGrow Spreads

FxGrow doesn’t offer tight spreads, and below are variable spreads FxGrow offers on different account types:

• ECN account: Variable from 1.10000
• ECN-Plus: Variable from 0.200000
• ECN-Elite: Variable from 0.20000

FxGrow Fees

Below are the different fees charged by FxGrow:

Inactivity Fee

FxGrow doesn’t charge any inactivity or withdrawal/deposit fee.

Minimum Deposit Fee

The min deposit fee of each account varies, and traders can choose from the ECN accounts:

• ECN Account: $100
• ECN-Plus Account: $1,000
• ECN Elite Account: $100,000

FxGrow VPS Hosting Fee

For all account types, traders must pay a $15 fee for VPS hosting.

FxGrow Commissions

The commission on FxGrow accounts varies according to the account type. For example, for the ECN account, there is no commission. However, for ECN Plus and ECN Elite, the charged commission is $8 and $6 per lot.

Leverage

FxGrow abides by the EU’s flexible leverage restrictions and offers a retail ratio of 1:30 for Foreign Exchange majors and 1:20 for minors, golds, and indices; while going as far as to provide only a maximum ratio of 1:10 on silver commodities and energies.

Professional traders can apply for higher ratios up to an extraordinary degree of leverage at 1:100 while margin rates start from 3.33%, specifically on FX majors.

Account Types

FxGrow offers 3 different types of trading accounts, and traders can choose between ECN, ECN-Plus, and ECN-Elite accounts. Below are the in-depth details about all three account types:

#1. ECN Account

First comes the ECN trading account, which is most suitable for small investors who want to trade with low risks and variable spreads. This account type has a minimum deposit of $100 to start trading.

• Minimum Deposit: $100
• Spread: Variable from 1.10000
• Commissions: $0
• MT5 VPS HOSTING: 15/month
• Base Currency: USD, EUR, PLN

#2. ECN-Plus Account

The ECN-Plus account offers a competitive spread and is suitable for medium to large investors who want to take advantage of the low commissions, faster order execution, and many more features.

• Minimum Deposit: $1000
• Spread: Variable from 0.200000
• Commissions: $8
• MT5 VPS HOSTING: 15/month
• Base Currency: USD, EUR, PLN

#3. ECN-Elite Account

The ECN-Elite account is specially designed for experienced traders and investors who want to get the most out of their trading experience. It offers variable spreads, fast execution speeds, and more. Moreover, professional traders can get leverage of up to 1:100 and negative balance protection.

• Minimum Deposit: $100,000
• Spread: Variable from 0.20000
• Commissions: $6
• MT5 VPS HOSTING: 15/month
• Base Currency: USD, EUR, PLN

What Can You Trade on FxGrow

FxGrow offers traders a wide selection of tradable assets across various markets that includes:

#1. Forex Currency Pairs

FxGrow provides traders with over 60 Forex currency pairs, including majors like EUR/USD, GBP/USD, USD/JPY, USD/CAD, and much more. Moreover, all currency pairs offer different spreads depending on the account type.

#2. Bullion

Besides Forex, traders can trade bullion on FxGrow. The broker, including gold, silver, platinum, Gold EURO, Silver EURO, Palladium, and more, offers different types of Bullion.

#3. Indices

FxGrow also offers a wide selection of Indices to traders, such as DOW JONES, DXY, NASDAQ, S&P 500, EURO STOXX 50, UK 100 Index, etc.

#4. Cash Energies

Traders can access the markets with Cash Energies such as UKOIL and USOIL.

#5. Commodities

Commodity traders can trade popular commodities like natural gas, copper, cotton, cocoa, and Brent futures.

#6. Cryptocurrencies

FxGrow also allows traders to trade cryptocurrencies like Bitcoin Cash, Bitcoin, Ethereum, and Litecoin.

FxGrow Customer Support

FxGrow provides average customer support to its clients. They have a team of professionals available 24/5 via live chat, email, and phone. You can call their customer support at +357-25-211707 or email their team at support@fxgrow.com for any questions or queries.

Moreover, they also offer live chat support; however, that’s not helpful as the response time could be faster. A call-back function is also available on their website, which can be used to get a call from the customer support team. Moreover, they have social media accounts on Facebook and Twitter, which you can use to contact their customer support team.

Contact Details

Email: support@fxgrow.com

Phone: +357-25-211707

Address: Arc. Makariou C 59 Steratzias Court Block A, Office 14, 4003 Limassol, Cyprus

Security for Investors

FxGrow is a reliable broker as it is regulated by CySEC, one of the top regulators in the market. This means that investor funds are held in segregated accounts, which are safe from any third party. Moreover, the broker also follows all applicable industry regulations, such as AML and KYC standards. This ensures that all customers’ personal information is kept secure and used only for identification purposes.

Moreover, all accounts have negative balance protection, meaning traders cannot lose more money than they have funded. This is a great feature that keeps traders safe from any unexpected losses.

Withdrawal Options and Fees

FxGrow supports a wide range of withdrawal options, including bank wire transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. The withdrawal fees depend on your chosen payment method and the amount you wish to withdraw. However, FxGrow doesn’t charge any processing fees for withdrawals.

The commission fee on different payment methods varies:

• Neteller – 3.9% commission
• Skrill – 2.9% + 0.28 commission
• Bank wire – depends on the bank.
• Debit/credit card – 2 EUR commission

The minimum amount for all payment methods is $10, which can be withdrawn, and the maximum for bank wire is $100. Moreover, bank wire transfers can take up to 2 to 5 days, depending on your bank.

Conclusion: FxGrow Review

FxGrow is a great broker for traders looking to trade in the forex and CFD markets. It offers a wide range of financial instruments, competitive spreads, and a reliable trading platform. In addition, the broker is regulated by the CySEC, which ensures that all customers’ funds are safe and secure.

Moreover, they provide good customer service with an average response time. The broker also supports various payment options, including bank wire transfers, debit/credit cards, and e-wallets such as Skrill and Neteller. Overall, FxGrow is a great option for ECN traders, providing a safe, reliable, and secure trading environment.

However, the reviews about FxGrow are mixed, as some users have had a good experience with the broker, while others have faced issues with customer service and withdrawal times. So, it is important to do your due diligence when selecting a broker. We advise traders to research thoroughly and compare different brokers before choosing.