ProfitiX vs FxGrow

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

ProfitiX vs FxGrow Comparison Table 2024
ProfitiX FxGrow
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2.7
ProfitiX is ranked #97 among CFD brokers. FxGrow is ranked #97 among CFD brokers.
ProfitiX offers an interactive desktop and mobile trading experience via MT5. 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, cryptocurrencies Forex, CFDs, futures
Demo Account
No Yes
Minimum Deposit
$250 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC
Mobile Apps
Yes Yes
iOS App Rating
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Android App Rating
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Margin Trading
No No
MetaTrader 4
No No
MetaTrader 5
Yes 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
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes (MT5) 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
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • PLN
Commodities
  • Gold
  • Silver
  • Gold
  • Silver
CFD
ProfitiX offers CFDs in a range of financial markets with a choice of five account tiers. 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
1:400 1:30
FTSE Spread
Variable & Fixed Not offered
GBPUSD Spread<
Variable & Fixed 0.5
Oil Spread
Variable & Fixed Floating
Stocks Spread
Variable & Fixed Floating
Forex
Trade a list of currencies with floating and fixed spreads depending on the account. 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
100+ 60+
GBPUSD Spread
Variable & Fixed 0.5
EURUSD Spread
Variable & Fixed 0.3
EURGBP Spread
Variable & Fixed 0.5
Cryptocurrency
Trade top cryptos, including Bitcoin Gold against the USD and EUR. FxGrow offers Bitcoin, Bitcoin Cash, Litecoin and Ethereum against USD. We like that the broker also provides daily technical analysis on all crypto symbols.
Spread
Variable & Fixed BTC, BCH, LTC, ETH
Coins
  • BTC
  • ETH
  • LTC
  • BTG
  • BTC
  • BCH
  • LTC
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
ProfitiX FxGrow
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