An FxGrow demo account is offered according to research in South Africa. FxGrow Demo Account offers many features for traders and traders have access to the same functions, features, and options that they normally would on a live trading account.
FxGrow at a glance
| Broker's Name | FxGrow |
| 📍 Headquartered | Limassol, Cyprus |
| 📅 Year Founded | 2008 |
| ⚖️ Regulating Authorities | CySEC |
| 🌐 Countries not accepted for trade | United States and Australia |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:30 |
| 💰 Minimum Deposit | $100 |
| 💳 Deposit Options | Bank wire, Credit cards, Debit cards, Neteller, Skrill, CashU, OKPay, WebMoney |
| 💳 Withdrawal Options | Bank wire, Credit cards, Debit cards, Neteller, Skrill, CashU, OKPay, WebMoney |
| 💻 Platform Types | MetaTrader 5, Windows, Mobile, Web, iPhone, iPad |
| 📱 OS Compatibility | PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, stock, commodities, indices |
| 👨💼 Languages supported on Website | Multilingual |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
| Open a naccount | 👉 Click Here |
Min Deposit USD 100 Regulators CySEC Trading Platform MT4, MT5 Crypto Yes Total Pairs 61+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Choose your quick section of our FxGrow Demo Account below.
FxGrow Demo Account – 4 key points quick overview:
- ✔️How to set up a FxGrow Demo Account – Step by Step
- ✔️FxGrow Demo Account Features
- ✔️FxGrow Pros and Cons
- Frequently Asked Questions
Here is an overview of the FxGrow Demo Account as well as the features that are offered.
How to set up a FxGrow Demo Account – Step by Step
Opening a free demo account with FxGrow is a simple and straightforward process that consists of the following steps:
Step 1 – Open the FxGrow website and click on “demo account”
Open up the official Fxgrow website and locate the “demo account” tab and click on it.
Step 2 – Fill in your personal details
Complete the quick registration form by providing your full name, email address, country of residence, and contact number.
Step 3 – The demo account has been created
After your registration has been accepted, the login details for your demo account will be sent to you via email.
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money. A forex demo account is also intended for beginners to get familiar with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders, manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
FxGrow Demo Account Features
The free demo account from FxGrow will come funded with virtual currency. This will allow traders to test the features of the broker’s MetaTrader 5 platform without risking any real money. The broker does not indicate whether the demo account expires or not. Most demo accounts will expire after 30 days. At this point, traders can choose to sign up for a live account or open another demo account.
Since the demo account grants access to the MetaTrader 5 platform, users will have access to the following features:
➡️️ 80 built-in technical indicators and analytical objects, plus custom indicators.
➡️️ Real-time information including quotes, account summary, P&L etc.
➡️️ 21-time intervals to analyze short-term and long-term trends.
➡️️ Ability to use Experts Advisors for automated trading.
➡️️ Up to 100 charts can be opened simultaneously.
➡️️ Multiple order types and execution modes
➡️️ Direct news feed.
Min Deposit USD 100 Regulators CySEC Trading Platform MT4, MT5 Crypto Yes Total Pairs 61+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
FxGrow Pros and Cons
| ✔️ Pros | ❌ Cons |
| No additional charge on Islamic Account | More lengthy account application for Islamic Account |
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Frequently Asked Questions
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does FXGROW offer a demo account?
Yes, FxGrow offers a free demo account to all new traders.
For how long is the FXGrow demo account valid?
The broker does not provide this information. However, most demo accounts are valid for 30 days.
Which live trading accounts does FXGROW offer?
FxGrow offers 3 ECN accounts: ECN, ECN-Plus, and ECN-Elite.
What are the available deposit currencies for a live trading account?
FxGrow accepts US dollars, EUR, and PNL. This is a limited selection, and traders depositing in smaller currencies, such as ZAR/Rand, will incur conversion fees.
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