Colmex Pro vs FxGrow

Colmex Pro or FxGrow – which is better for UK traders 2024? Compare Colmex Pro and FxGrow in this detailed breakdown of their platforms, features and fees.

Colmex Pro vs FxGrow Comparison Table 2024
Colmex Pro FxGrow
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2.7
Colmex Pro is ranked #97 among CFD brokers. FxGrow is ranked #97 among CFD brokers.
Colmex Pro is a top retail trading provider offering competitive pricing. 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.
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
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, CFDs, indices, shares, commodities Forex, CFDs, futures
Demo Account
Yes Yes
Minimum Deposit
$500 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, FSCA CySEC
Mobile Apps
Yes Yes
iOS App Rating
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Android App Rating
rating empty
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Margin Trading
No No
MetaTrader 4
Yes No
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No Yes
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
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
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
Commodities
  • Gold
  • Silver
  • Gold
  • Silver
CFD
Colmex Pro offers CFD trading in the markets. 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.
Leverage
1:30 1:30
FTSE Spread
Floating Not offered
GBPUSD Spread<
0.4 0.5
Oil Spread
Floating Floating
Stocks Spread
Floating Floating
Forex
Trade over 50 currencies with 1:30 leverage. 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.
Assets
51 60+
GBPUSD Spread
0.4 0.5
EURUSD Spread
0.4 0.3
EURGBP Spread
0.6 0.5
Colmex Pro FxGrow
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