FxGrow
概要：FXGROW was registered in 2008 in Cyprus. It offers several types of products, including forex, bullion, indices, cash energies, and commodities. Besides, its minimum deposit is as low as $1, and the leverage can be up to 1:100. What's more, it is regulated in Cyprus.
Note: FXGROW's official website - https://fxgrow.co/ is currently inaccessible normally.
| FXGROWReview Summary | |
| Founded | 2008 |
| Registered Country/Region | Cyprus |
| Regulation | CySEC |
| Market Instruments | Forex, bullion, indices, cash energies, commodities |
| Demo Account | / |
| Leverage | Up to 1:100 |
| EUR/USD Spread | 0.6 pips |
| Trading Platform | MT4, MT5, FXGROW Web Trader |
| Min Deposit | $1 |
| Customer Support | Tel: +357 25-211707 |
| Email: support@fxgrow.com | |
| Social media: Twitter, Instagram, Linkedin, YouTube, Facebook | |
| Address: Arc. Makariou C 59 Steratzias Court Block A, Office 14, 4003 Limassol, Cyprus | |
FXGROW was registered in 2008 in Cyprus. It offers several types of products, including forex, bullion, indices, cash energies, and commodities. Besides, its minimum deposit is as low as $1, and the leverage can be up to 1:100. What's more, it is regulated in Cyprus.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC | Inaccessible website |
| Diverse tradable instruments | Deposit and withdrawal fees charged |
| Tight EUR/USD spreads | |
| MT4 and MT5 supported | |
| Low minimum deposit | |
| Popular payment options |
Is FXGROW Legit?
Yes, FXGROW is regulated by Cyprus Securities and Exchange Commission (CySEC). However, the Vanuatu Financial Services Commission (VFSC) sanctioned this company, and BAPPEBTI, a financial regulatory authority in Indonesia, once blacklisted FXGROW. Therefore, potential risks still cannot be ignored.
| Regulated by | Regulated Authority | Current Status | Regulated Country | License Type | License No. |
 | Cyprus Securities and Exchange Commission (CySEC) | Regulated | Cyprus | Market Making (MM) | 214/13 |
WikiFX Field Survey
WikiFX field survey team visited FXGROW's regulatory address in Cyprus, but we did not find its physical office.
What Can I Trade on FXGROW?
FXGROW offers several types of products, including forex, bullion, indices, cash energies, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Bullion | ✔ |
| Indices | ✔ |
| Cash energies | ✔ |
| Commodities | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
The leverage can be up to 1:100. Careful considerations are recommended, since high leverage is likely to bring high potential risks.
Spread
The spreads vary depending on the types of currency pairs. Take the EUR/USD pair for example, which is 0.6 pips.
| Currency Pair | Spread |
| EUR/USD | 0.6 pips |
| USD/JPY | 1.3 pips |
| GBP/JPY | 2.8 pips |
| GBP/USD | 0.9 pips |
| USD/CAD | 0 pips |
Trading Platform
FXGROW uses MT4, MT5, and FXGROW Web Trader as its trading platforms.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, PC, mobile | Beginners |
| MT5 | ✔ | Web, PC, mobile | Experienced traders |
| Web Trader | ✔ | Web | / |
Deposit and Withdrawal
FXGROW supports several types of payment options, but it charges certain amounts of fees depending on the types of payment methods.
Deposit
| Deposit Options | Accepted Currencies | Fees | Min Deposit | Processing Time |
| VISA | USD/EUR | 1.9% - 2.9% | $1 | Automatic |
| MasterCard | ||||
| Neteller | ❌ | |||
| Skrill | ||||
| Bank Wire | $100 | 2-5 days |
Withdrawal
| Withdrawal Options | Accepted Currencies | Fees | Min Withdrawal | Processing Time |
| VISA | USD/EUR | 2 EUR | $10 | Automatic |
| MasterCard | 2EUR | |||
| Neteller | 3.9% | |||
| Skrill | 2.9% + 0.28/0.27 | |||
| Bank Wire | Varies depending on the bank | $100 | 2-5 days |
WikiFXブローカー
レート計算
