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/10
The WikiFX Score of this broker is reduced because of too many complaints!

FXGROW

Cyprus|10-15 years|
Regulated in Cyprus|Market Making(MM)|MT4/5 full license|High potential risk|

http://fxgrow.co/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

FxGrow-Demo

United Kingdom
MT4
4

Influence

C

Influence index NO.1

Pakistan 4.72
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
FxGrow-Demo MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

Pakistan 4.72

Surpassed 32.02% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 25-211707
support@fxgrow.com
http://fxgrow.co/
Arc. Makariou C 59 Steratzias Court Block A , Office 14, 4003 Limassol, Cyprus

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

More

Sanction

VU VFSC
2023-08-23

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
FXGROW
Blackwell Global
Kraken

Contact number

English

+357 25-211707

Broker Information

More

Company Name

Growell Capital Ltd

Company Abbreviation

FXGROW

Platform registered country and region

Cyprus

Company website
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Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-03-29
  • The number of the complaints received by WikiFX have reached 14 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

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    FXGROW · Company Summary

    Company Summary

    Company profile

    General Information & Regulation

    FxGrow is a brand name of Growell Capital, which was founded in 2008. Based and regulated in Cyprus, the broker serves both retail and institutional clients in over 100 countries. Growell Capital (FxGrow) is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 214/13.

    Market Instruments

    Fxgrow offers investors access to over 60 Forex currency pairs, 17 cash indices and commodities, 7 metals and energy, and 34 futures CFD products.

    FxGrow Minimum Deposit

    To meet the needs and trading experience of different investors, Fxgrow offers three different types of accounts: ECN Accounts (minimum deposit of $100), ECN-Plus (minimum deposit of $1,000), and ECN-Elite Accounts (minimum deposit of $100,000).

    FxGrow Leverage

    FxGrow complies with EU restrictions on flexible leverage and therefore offers a maximum retail ratio of 1:30 on FX majors, 1:20 on minors, gold and indices, and 1:10 on silver, commodities and energies. Professsional traders can apply the higher trading leverage of up to 1:100.

    Spreads & Commissions

    ECN accounts have a spread of 1.1 pips on EURUSD and no commission. ECN-Plus accounts have a spread of 0.2 pips on EURUSD, and Fxgrow charges a commission of $8 per lot. ECN-Elite accounts have a spread of 0.2 pips on EURUSD, and Fxgrow charges a commission of $6 per lot.

    FxGrow Trading Platform

    Fxgrow offers traders the world's leading MT5 trading platform, which features advanced charting technology and sophisticated order management tools to help traders monitor their positions quickly and efficiently. The power of MT5 enhances the trader's trading experience, and the trading platform is available for all account types for a $15 per month MT5 VPS hosting fee. Additionally, Fxgrow offers Fxgrow Automating Trading, which helps traders keep track of their accounts and analyze trading strategies to make trading easier.

    Deposit and Withdrawal

    Fxgrow supports traders to deposit and withdraw funds through various methods, mainly VISA, MASTERCARD, Maestro (deposit fees between 1.9% and 2.9%, withdrawal fees of 2 EUR), Skrill (withdrawal fees of 2.9% + 0.28 EUR/USD), NETELLER (withdrawal fees of 3.9%), and Wire transfer (minimum deposit of $100).

    Customer Support

    FxGrow offers dedicated live client support through the online chat service on the website. You can also get in touch over the phone by calling +357 25 211 707. The head office address is Arc. Makariou 59, Steratzias Court Block A, Office 14, 4003 Limassol, Cyprus.

    Trading Hours

    The trading week at FxGrow for forex and precious metals begins at 11:00 pm CET on Sunday and ends at 11:00 pm CET on Friday. Trading sessions for other CFD products depends on the market and underlying exchange rates. These can be found within the MT5 platform.

    User Reviews

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    5

    Comments

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    洪霖
    more than one year
    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.
    2023-02-20 18:54
    Reply
    0
    0
    噯緈緈
    more than one year
    I don't think the companies regulated by CYSEC are reliable. I have seen several companies that are effectively regulated by it, but this does not stop them from bluffing and deceiving.
    2023-02-16 10:08
    Reply
    0
    0
    WJ65622
    more than one year
    Do not trade with FXGROW! Totally a scam company. I have been ripped off almost two thousand dollars! They rejected my withdrawal request for various reasons and tampered with my account information. I hope more people can see my review and stay away from this scammer.
    2022-11-27 09:47
    Reply
    0
    0
    青云-御剑
    more than one year
    Stay away from them! Don’t trust their ads! It is a fraud company and they are all scammers! They took all my money and refused my withdrawal request. I have lost almost everything. I hate them!!!
    2022-11-23 17:20
    Reply
    0
    0
    Hà Lực
    more than one year
    An evil platform, they stole my $1,000, blocked my account, and I have nowhere to turn to! I was attracted by their advertisement of small investment becoming big returned. After I made a small profit, ready to withdraw my funds, they began to reject my withdrawal requests, ask me to deposit more funds, I refused, then they blocked my account. What should I do? Who can help me?
    2022-11-23 14:16
    Reply
    0
    0
    17
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