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 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
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.