Score
Cyprus | 10-15 years |http://fxgrow.co/
Website
Rating Index
MT4/5
Full License
FxGrow-Live
Influence
C
Influence Index NO.1
Bangladesh 4.40 
MT4/5 Verification
Full License
CyprusInfluence
C
Influence Index NO.1
Bangladesh 4.40 
Forex License 1Licensed Entity：GROWELL CAPITAL LTD
License No. 214/13
Single Core
1G
40G
1M*ADSL
Cyprus 
Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.
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United States
fxgrow.co fxgrow.com 
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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 | 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 |
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 team visited FXGROW's regulatory address in Cyprus, but we did not find its physical office.
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 | ❌ |
The leverage can be up to 1:100. Careful considerations are recommended, since high leverage is likely to bring high potential risks.
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 |
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 | / |
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 |
FXGrow markets itself as a regulated broker, but its licensing does not come from well-recognized, top-tier authorities like ASIC, CySEC, or the FCA. While the company does claim to operate under regulation, the level of oversight it offers may not be strong enough to consider it a fully secure or highly reputable option. In this article, we will take a closer look at FXGrow and provide an honest review covering its regulation, customer support, account types, deposit and withdrawal procedures, and User Complaints. Our aim is to help you spot potential red flags and determine whether the FXGrow broker can truly be considered trustworthy.
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FX1218114497
Hong Kong
There would be different situation after I paid the tax. Hope relevant department punish such software severely.
FX4124710029
Hong Kong
At the very beginning, they required additional CNY 50,000 for margin for that my credit score was low. After paying the margin, I was told to pay individual income tax because my balance exceeded CNY 100,000. I wonder whether I need to pay tax for both my margin and principal.
海燕82268
Hong Kong
Unable to withdraw. After I pay for unfreezing my funds, I have to make up the credit score. I bet that I still have to pay over and over, and never have the chance to withdraw.
洪霖
New Zealand
FXGROW is a reliable foreign exchange company from the outside. It has been established for several years and has a reliable regulatory license. But it is not! There are too many scammers in the foreign exchange industry, and it is really difficult to identify them.
海燕82268
Hong Kong
The trick of fraud platform is let you withdraw a little money first and then you should upload you card again because of system maintenance, pay margin for wrong card number, pay tax. Let you fall into the trap step by step. I’m one of the victims. You should call the police.
清风细雨70159
Hong Kong
The platform refuse to withdraw with various reasons. I hope relevant authorities can help us to regulate this platform.
FX1613534446
Hong Kong
I deposited 50,000 and made a profit of 30,000, but I can’t withdraw. The customer service said that they doubted that my deal was illegal. I have to add 50,000 to approve operations by myself.
FX2278760800
Hong Kong
This fraud gave no access to withdrawal. Take heed on it!