FXGROW Forex Broker keeps up-to-date with the latest trading account information, including ECN, ECN-PLUS, ECN-ELITE maximum leverage of 100:1, trading varieties, and more
Rating Index
Pros
Low spreads and competitive trading conditions, which can benefit traders looking for cost-effective options.
Multiple account types available, catering to different trading styles and preferences.
Established trading platform (MetaTrader 4) that is widely used and familiar to many traders.
Cons
Limited educational resources, which may not be sufficient for beginner traders seeking guidance.
Mixed reviews regarding customer support responsiveness, with some users reporting delays.
Regulatory concerns, as some reviews suggest it might operate like an offshore broker, raising potential safety issues for client funds.
FXGROW broker Accounts
ECN
Environment
--
Currency
--
Maximum Leverage
100:1
SupportedEA
Minimum Deposit
$100
Minimum Spread
Variable from 1.200000
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
--
Products
--
ECN-PLUS
Environment
--
Currency
--
Maximum Leverage
100:1
SupportedEA
Minimum Deposit
$1,000
Minimum Spread
Variable from 0.000010
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
8
Products
--
ECN-ELITE
Environment
--
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
$10,000
Minimum Spread
Variable from 0.000010
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
6
Products
--
FxGrow Account Type
FxGrow offers a variety of trading accounts to cater to different trader needs and preferences. The available account types include:
- Standard Account:
- Minimum Deposit: $1,000
- Spread: From 1.2 pips
- Leverage: Up to 1:500
- Trading Instruments: Forex major, crosses, metals, CFDs, indices, and shares.
- Swap-free option available.
- ECN Account:
- Minimum Deposit: $10,000
- Spread: Raw spreads
- Leverage: Up to 1:200
- Trading Instruments: Forex major, crosses, metals, CFDs, indices, and shares.
- Swap-free option available.
- Islamic Account:
- Minimum Deposit: $2,000
- Spread: From 1.5 pips
- Leverage: Up to 1:500
- Trading Instruments: Forex major, crosses, metals, CFDs, indices, and shares.
- Designed to comply with Islamic finance principles, ensuring no swap charges.
- Research and Choose Account Type:
- Decide which account type suits your trading style and financial goals.
- Complete the Application Form:
- Fill out the online application form with accurate personal details, including your name, address, date of birth, and contact information.
- Submit Identification Documents:
- Provide necessary documents for verification, such as:
- A government-issued photo ID (passport, national ID, or drivers license).
- A utility bill or bank statement showing your address.
- Account Verification:
- Wait for the broker to review and verify your documents, which usually takes a few days.
- Fund Your Account:
- Once verified, deposit funds into your trading account using one of the accepted payment methods.
- Start Trading:
- After funding your account, you can begin trading on the FxGrow platform.
FxGrow Broker Account Opening Process
Opening an account with FxGrow is a straightforward process that involves several steps:
For more information, visit the official FxGrow website: FxGrow
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FXGROW accounts can be viewed for products that can be traded -- accounts with a minimum deposit of $100 by (2+) --.