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FxGrow vs iFOREX

FxGrow vs iFOREX Comparison Table 2024
FxGrow iFOREX
Review
2.7
Review
1.5

FxGrow is a forex and CFD broker founded in 2008 and regulated in Cyprus and Vanuatu. The brokerage offers 500+ trading instruments on the MetaTrader 5 platform, with ECN accounts and commission-free trading. Since it launched, the broker has gained over 80,000 clients and more than 10 industry awards.

iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide

Customer Reviews
4.3
Based on 3 iFOREX customer reviews
Comment by Reviewer
"FxGrow is suitable for experienced traders looking for competitive ECN spreads, automated trading tools and VPS hosting."
Pros
  • Daily technical analysis on all asset classes plus an economic calendar and Trading Central signals
  • Education Academy plus webinars and seminars for beginner, intermediate and experienced traders
  • I liked the powerful MetaTrader 5 platform with advanced technical analysis tools
  • Regulated by CySEC and member of the Investor Compensation Fund
  • Zero fees on deposits and only a $1 minimum deposit required
  • 24/5 customer support via telephone, email and live chat
Cons
  • High withdrawal fees vs competitors climbing to 3.9%
  • Fairly wide spreads in the ECN starter account
  • No credit/debit card deposit options
  • Only one platform on offer
  • $15 per month VPS fee
Awards
  • Best Liquidity Provider 2018 - Jordan Forex Expo
  • Best Broker 2012 - CIOT Forex Expo
  • Best International Broker 2012 - South Africa Forex Expo
  • Best Education Broker 2012 - Dubai Forex Broker
  • Lowest Spread & Fastest Execution 2012 - Jordan Forex Expo
Instruments
Forex, CFDs, futures Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Trading Platforms
  • MT5
  • TradingCentral
  • Own
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC CySEC, FCA, BVI
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • PLN
Stock Exchanges
Commodities
CFD Trading
Go long or short on a range of CFDs, including on futures with up to 1:100 leverage. On the downside, commissions are higher than many alternatives in the ECN Plus account, at $8 per lot. iFOREX offers hundreds of CFDs on FX, indices, shares, commodities, and cryptocurrencies
Leverage
1:30 1:30
FTSE Spread
Not offered 2.4
GBPUSD Spread
0.5 2.8
Oil Spread
Floating 5.4 pips
Stocks Spread
Floating Variable
Forex Trading
FxGrow offers a decent range of 60+ forex pairs with competitive spreads from 0.3 pips on the EUR/USD. With that said, spreads are relatively wide in the starter account at 1.1 pips. iFOREX offers trading on approaching 100 currencies from around the world
GBPUSD Spread
0.5 1.8
EURUSD Spread
0.3 1.8
EURGBP Spread
0.5 2.8
Assets
60+ 90
Cryptocurrency
Crypto trading not offered iFOREX offers trading on popular cryptocurrency coins
Spread
BTC, BCH, LTC, ETH Variable
Coins
  • BTC
  • BCH
  • LTC
  • ETH
  • BTC
  • LTC
  • ETH
  • XRP
  • EOS
  • XMR
  • DASH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
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