FxGrow

Note: FXGROW's official website - https://fxgrow.co/ is currently inaccessible normally.

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

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.

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.

Trading Platform

FXGROW uses MT4, MT5, and FXGROW Web Trader as its trading platforms.

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

Withdrawal