FxGrow Broker: Review

FxGrow, is a leading online trading services provider, offering investment services for trading with Forex and CFDs on indices, metals, energies, commodities, stocks, futures, and cryptocurrencies.

FxGrow’s dedication is to provide to its clients with the best trading experience possible with the lowest costs in the market.

History

In 2008 FxGrow opened its doors for business. What started as a small circle with a unique commitment to quality and transparency, has expanded and developed into an international identity serving a client base of over 80,000 clients ranging from beginners to professionals, and has more than 200 partners as IBs, affiliates, and white labels. The services include a wide range of tradable instruments, first-class customer support, a trading platform, and technology solutions.

Technology

Gateway

Provides low latency and flexible liquidity solution for MetaTrader brokers.

The gateway receives the request from the client and forwards it to the liquidity provider using our core service. This process is done in about 60 m/s.
The solution consists of a user-friendly interface to allow brokers to control the flow of transactions on the symbol level. It has the option to switch accounts between A-Book and B-book.

IB Portal

It is a multi-leveled commission pay-outs service. Consists of admin and IB portals.
Using the admin portal, the user creates IBs, profiles and configurations, and MT5 accounts to IBs.
On the other hand, the IBs can see the current unrealized commissions along with client’s details and trades. It is also integrated with the accounting system for deposit and withdrawal transactions.

MAM solution

It is a multi-account management solution. The use configures the behavior of the system based on the master and slave approach. The trades done by the master are copied to the slaves based on several preconfigured rules such as volume or equity percentage.

Secure site / Members Area

Full management of clients' KYC and integrating with an array of payment gateways for deposits and withdrawals.

Ability to manage several client accounts and perform instant internal transfers.

It also includes CRM to manage leads and marketing tools for tracking the existing campaigns.

Symbol Summary

It is a customized summary that gives a real-time vision of the current state of the symbols along with traded volumes.

Webman

It is a web interface for the main manager functionality used by brokers and their white labels.

It allows users to perform all balance transaction deposits/withdrawals, credit in and out. Create and manage users. It depends on one manager account and has predefined permissions which eliminate the need for having a separate manager per user.

Regulations

Authorized by the Cyprus Securities and Exchange Commission (CYSEC) with CIF license number 214/13, and governed by MiFID.

Licensed and regulated by the Vanuatu financial services commission (VFSC) with registration number 40308 and licensed by the dealers in securities act (CAP 70).

Awards

LOWEST SPREAD FASTEST EXECUTION – JFEX AWARDS ENTREPRENEUR

BEST INTERNATIONAL PROVIDER – AFRICA AWARDS INTERNATIONAL

BEST BROKER OF THE YEAR – CIOT AWARDS INTERNATIONAL

BEST EXECUTION BROKER – ARABCOM GROUP AWARDS

BEST LIQUIDITY PROVIDER – JFEX AWARDS ENTREPRENEUR

MOST TRANSPARENT BROKER – JFEX AWARDS ENTREPRENEUR

BEST CFDS PROVIDER – ULTIMATE FINTECH AWARDS

BEST WHITE LABEL SOLUTION – ULTIMATE FINTECH AWARDS

MOST RELIABLE BROKER – ULTIMATE FINTECH AWARDS