| Regulated by: CySEC |
| Headquarters Country: Cyprus |
| Foundation year: 2008 |
| Supported Platforms: MT5, mobile trader, web trader |
Regulation and security
FxGrow is a brand name of Growell Capital, authorized and regulated by the Cyprus Securities and Exchange Commission, CySEC. This means that FXGrow has the authority to offer trading services to all the clients in Europe, based on CySEC license. Therefore, we can conclude that FXGrow is safe for European clients.
FXGrow broker can offer services to citizens other than Europeans as well, thanks to their entity in Vanuatu, but with no specific regulation for those countries.
When it comes to the security of the funds, our FXGrow review showed that their payment provider DotPay is regulated in Poland, not Cyprus which is the location of the company itself.
In which countries does FXGrow broker operate?
FXGrow broker can operate with European clients based on their CySEC license. Also, they can provide services to other countries as well, with no specific regulation, thanks to their offshore entity in Vanuatu. However, on their website is specifically listed that they do not provide services to clients with US or Australian citizenship.
Which instruments can you trade with FXGrow broker?
FXGrow broker does not offer such a various specter of instruments as other brokers, according to our review. Clients can invest in 60 Forex currencies, Indicies, and Commodities.
Leverage is determined by CySEC license for European clients and goes up to 1:30 for Forex instruments. For international traders that belong under Vanuatu registration, leverage can go as high as 1:300.
The minimum deposit in FXGrow for credit/debit cards and E-Wallets is 1$, while for bank transfer is 100$.
FXGrow broker offers MT5 trading platform, along with mobile and web trader.
According to our review, the company claims to offer an automated trading system as well, along with classical manual trading.
Scammed by FXGrow broker? Here is what to do!
Got scammed by FXGrow? Can’t reach them? Can’t get your withdrawal? As stated before, this broker does not have a specific license for any country other than Europe. Yet, many people have fallen for their scam. Let our professional team evaluate the situation. It might not be too late to get your funds back. You can contact us today, so we can start working!
Is FXGrow regulated?
FXGrow broker does have the regulation of Cyprus, CySEC license, for European clients. All the other clients belong under their offshore entity of Vanuatu.
What is FXGrow?
FXGrow is a brand of Growell Capital. It is a trading company with CySEC license, that provides services to international clients. They are operating with another entity of Vanuatu, an offshore entity, which allows them to have clients outside of Europe too.
Is FXGrow safe?
Our review showed that this broker is operating under CySEC license in Europe. When it comes to all other countries, they are using their offshore entity in Vanuatu, meaning that they don’t have specific regulation for those regions.
Which platforms does FXGrow offer?
FXGrow broker offers MT5 platform, along with mobile trader and web trader.
