fx private
fxgrow
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Overview
fx private was founded in 2020 and is headquartered in USA, while fxgrow was established in 2014 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. fx private serves 12,000,000+ clients worldwide; fxgrow has 3,500,000+. Both brokers share the same minimum deposit of $250.
| Feature | fx private | fxgrow |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F239 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F245 |
| Founded | 2020 | 2014 |
| Country | USA | USA |
| Clients | 12,000,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between fx private and fxgrow, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. fx private charges withdrawal fees while fxgrow does not, a notable advantage for frequent withdrawers. Overall, fxgrow scores higher on fees in our assessment.
| Feature | fx private | fxgrow |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
fx private offers MT5, cTrader, while fxgrow supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fxgrow supports social and copy trading features, which fx private does not offer. The two brokers are closely matched on platform offering.
| Feature | fx private | fxgrow |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how fx private and fxgrow compare. fx private has a video library; fxgrow does not. fx private integrates third-party research tools (Autochartist); fxgrow does not. fx private scores higher overall in education and research.
| Feature | fx private | fxgrow |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. fx private accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while fxgrow supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | fx private | fxgrow |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both fx private and fxgrow offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | fx private | fxgrow |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |