Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

FXGrow
8.6 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT FXGROW
TopForex
8 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT TOPFOREX
XTB
10 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT XTB
About

FXGrow is regulated by CySEC. FXGrow have provided Forex trading services since 2012.

TopForex is regulated by CySEC. TopForex have provided Forex, CFD trading services since .

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Why choose them?
  • Yes Over 6 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and CySEC
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
Headquarters Limassol, Cyprus 1 Siafi, Porto Bello Building, 3rd Floor, flat/office 303, 3042 Limassol, Cyprus Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No No No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 48
Commodities Offered 21
Stocks Offered 1606
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals No Yes Yes
FTSE No Yes Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei No Yes Yes
ETFs No No Yes
IPO No No Yes
See all instruments

Your capital is at risk

See all instruments

84.19% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

77% of retail investor accounts lose money when trading CFDs with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No No No
MT4 Mac Yes No Yes
WebTrader Yes Yes Yes
Mirror Trader No No Yes
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms No Xstation Xstation5

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image No Yes Yes
Available Languages

English, Spanish, French, Greek, Arabic, Polish, and Serbian

English, French, Italian, Hungarian, Greek, Slovak, Serbian, Dutch, Spanish, Romanian, Russian, Polish, Slovenian, Czech, Bulgarian, Arabic, and Mandarin

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

See platform & features

Your capital is at risk

See platform & features

84.19% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

77% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by FXGrow and TopForex

Demo account Yes Yes Yes
Mini account No No Yes
Micro account Yes No Yes
Standard account Yes No Yes
ECN Account Yes No No
Islamic account Yes No Yes
Zero spread account No No No
VIP account Yes No Yes
Fixed spreads No No Yes
Variable spreads Yes Yes Yes
See account options

Your capital is at risk

See account options

84.19% of retail investor accounts lose money when trading CFDs with this provider

See account options

77% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes No Yes
Hedging Yes No Yes
Expert advisors (EAs) Yes No Yes
Virtual private server Yes No No
Direct market access Yes No Yes
STP broker Yes No Yes
Market maker Yes Yes Yes
Min trade Varies 0.01 Lot 0.01 Lot
Max trade Varies Varies 100 Lot
Min deposit $100 $100 $1

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes No Yes
Price alerts Yes No Yes
Signal trading Yes No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes No Yes
Standard account Yes No Yes
Paypal No No Yes
Neteller Yes No Yes
Skrill Yes Yes Yes
Payment processing time Varies Varies Same day if requested before 1PM
Withdrawal processing time Varies Varies Same day if requested before 1PM
See all funding options

Your capital is at risk

See all funding options

84.19% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

77% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US US US,IN,PK,BD,IQ,IR,IL,AF,AU,CA
Contact email Send Email Send Email Send Email
Phone number 357-25-211707 +357 2503 0299 44 2036953085
Live Chat No Yes Yes
Website www.fxgrow.com https://www.topforex.com www.xtb.com
Spreads:
EUR/USD (Average: 0.7 pips) 0.2 pips + $12.00 Not offered 0.1 pips
GBP/USD (Average: 1.1 pips) 0.4 pips + $12.00 Not offered 0.1 pips
USD/JPY (Average: 1.1 pips) 0.4 pips + $12.00 Not offered 0.1 pips
AUD/USD (Average: 0.8 pips) 0.6 pips + $12.00 Not offered 0.2 pips
USD/CHF (Average: 2.3 pips) 0.3 pips + $12.00 Not offered 0.2 pips
USD/CAD (Average: 2.9 pips) 0.4 pips + $12.00 Not offered 0.3 pips
NZD/USD (Average: 3.6 pips) 4.0 pips + $12.00 Not offered 0.3 pips
EUR/GBP (Average: 2.4 pips) 0.4 pips + $12.00 Not offered 0.1 pips
View all spreads

Your capital is at risk

View all spreads

84.19% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

77% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee No Yes No
Commission No Yes
Deposit Fee No Yes No
Withdrawal Fee No Yes No
View All Fees

Your capital is at risk

View All Fees

84.19% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

77% of retail investor accounts lose money when trading CFDs with this provider.

Featured In Best FTSE100 Brokers
Best Dow Jones Brokers
Best DAX Brokers
Best FCA Regulated Brokers
Best CySEC Regulated Brokers
Best MT4 Brokers
Best Demo Account Brokers
Best Brokers For Cross Currency Pairs
Best Brokers For Indices
Best CySEC Regulated Brokers
Best Brokers That Accept PayPal
Best Forex Islamic Accounts
Best Litecoin Brokers
Best Brokers For Gold
Best Brokers For Copper
Last update

All information collected from www.fxgrow.com. Last updated on 01/11/2019.

All information collected from https://www.topforex.com. Last updated on 01/11/2019.

All information collected from www.xtb.com. Last updated on 01/11/2019.

Company

FXGrow is an online forex trading service provider who are regulated by CySEC, MiFID, Financial Conduct Authority, ACPR, BaFin, HCMC, FINANSTILSYNET, FI, CNMV. To open an account with FXGrow, minimum deposits start from $100.

With FXGrow you can trade FX, CFDS, energies, and metals. If you like to trade on the go, FXGrow have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

FXGrow offer MT4, Protrader, NetStation, GrowMobile, GrowBinary, GrowPro platforms to make your trades and support 3 different languages.

They offer traders a STP environment for no conflict trading.

The spreads offered by FXGrow for the most popular instruments are:
0.00003 EUR/USD, n/a FTSE 100, n/a GOLD,
0.00004 GBP/USD, n/a DOW/JONES, n/a Crude Oil,
see all the spreads here.

For more information about trading with FXGrow, we have put together an indepth FXGrow review with some of the pros and cons about this broker.

TopForex is an online forex trading service provider who are regulated by CySEC. To open an account with TopForex, minimum deposits start from $250.

With TopForex you can trade Forex, shares, commodities, and indices. If you like to trade on the go, TopForex have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

TopForex offer MetaTrader4, MetaTrader4 Mobile, xStation, xTab, xMobile, xSocial platforms to make your trades and support 16 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by TopForex for the most popular instruments are:
3.1 EUR/USD, 5 FTSE 100, 1.63 GOLD,
3 GBP/USD, 20 DOW/JONES, 0.09 Crude Oil,
see all the spreads here.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

Popular comparisons

Popular comparisons feat. FXGrow

FXGrow Alternatives

ETX Capital vs FXGrow
Core Spreads vs FXGrow
Plus500 vs FXGrow
IG vs FXGrow
CMC Markets vs FXGrow

Popular comparisons feat. TopForex

TopForex Alternatives

ETX Capital vs TopForex
Core Spreads vs TopForex
Plus500 vs XM
IG vs TopForex
Avatrade vs TopForex

Popular comparisons feat. XTB

XTB Alternatives

XTB vs IG
XTB vs Plus500
XTB vs eToro
XTB vs Interactive Brokers
XTB vs XM

FXGrow or TopForex?

ECN execution or offers live chat support ?

If you’re a trader looking for a broker that offers ECN execution (as opposed to a market maker), FXGrow is likely the better choice. However, if

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider FXGrow to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

FXGrow is regulated by Financial Conduct Authority and CySEC, while TopForex is regulated by CySEC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, FXGrow will have very strict guidelines to follow to ensure they protect their retail trader clients.

XTB are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

FXGrow has been around for 7 years, while TopForex have been around for 10 years. Our third alternative broker, XTB, have been around for 17 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both FXGrow and TopForex use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on FXGrow or TopForex in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both FXGrow and TopForex are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

FXGrow are based in Limassol, Cyprus, while TopForex are based in 1 Siafi, Porto Bello Building, 3rd Floor, flat/office 303, 3042 Limassol, Cyprus .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both FXGrow and TopForex offer forex trading. Also, if you’re looking to trade cryptocurrencies,

neither FXGrow nor FXGrow offer commodity trading.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both FXGrow and TopForex offer this. Our alternative broker, XTB, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. XTB, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

FXGrow does allow scalping and hedging. While TopForex does not allow scalping or allow hedging. You can trade with EAs (expert advisors) on FXGrow but you can't trade EAs (expert advisors) with TopForex.

In terms of risk management tools, FXGrow does offer negative balance protection to prevent you owing your broker more than you’ve deposited, but TopForex doesn't offer this.

FXGrow also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

FXGrow accept Neteller while TopForex accept Skrill.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, FXGrow and TopForex both charge points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: FXGrow or TopForex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, FXGrow is more reliable based on our criteria above. TopForex has a wider range of instruments to trade. TopForex offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.