CySECCyprusTier 2Licence number
214/13
View licence record- Licence holder
- Held by FXGROW
- Licence type and regime
- Market Making(MM)
Not checkedUpdated
At a glance
Regulation on record for FXGROW
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
FXGROW has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for FXGROW, strongest authority first.
1 record
- CySECCyprusTier 2
Protection
What this licence protects
CySEC's own rules for the firms it authorises.
- Compensation schemeUp to €20000 (ICF)
- Client money kept separate
- Negative balance protection
- Complaints routeCyprus Financial Ombudsman
- Maximum leverage1:30
Frequently Asked Questions
Questions about the licences held by FXGROW
Answered from the register entries on this page.
Most Popular Questions
FXGROW is regulated in Cyprus and covers the EU and global markets with exceptions. It prohibits clients from the USA, North Korea, Iran, and other sanctioned countries from using its services.
Growell Capital Ltd offers a maximum leverage of up to 100:1. This leverage level allows traders to control larger positions with a smaller amount of capital.
Yes, FXGROW requires deposits to come from verified accounts in the client's name and does not accept third-party payments. This is part of their compliance with regulatory and security standards.
Growell Capital Ltd supports deposits and withdrawals via Neteller, Skrill, bank wire transfer, and credit/debit cards. Deposits generally require verified accounts in the client's name, and minimum deposit amounts vary by method, starting as low as $1 for some accounts. Withdrawal fees and processing times depend on the method used.
FXGROW provides the MetaTrader 5 (MT5) platform, which supports multiple asset classes including Forex, stocks, and futures. MT5 offers advanced analytics, faster execution, and algorithmic trading tools. It is available on desktop and other supported devices.
Growell Capital Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 214/13. It operates onshore in Cyprus and offers client fund insurance up to €20,000 through the Investor Compensation Fund. The broker is classified as suspiciousClone by WIKILIX, so users should exercise caution.
FXGROW has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
FXGROW holds licence records issued by CySEC. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by FXGROW comes from tier-1 or tier-2 authorities (0 tier-1, 1 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the one licence record held by FXGROW has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
FXGROW has licence records in Cyprus. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.