Growex Review: Things to Consider Before Investing

Growex

Growex is a signals service that provides information about when orders should be placed on the market. The presentation includes a claim that the signals are approved and we can enjoy a two week trial. The product belongs to Val (UK) and Ed (Cape Town). Unfortunately, we don’t know details about their trading history before launching this service.

The highlights of Growex

Let’s talk about features, parameters, and settings:

  • The service allows us to work with the signals automatically.
  • We can get up to 50% back if the signals aren’t profitable.
  • The offer starts from $29 monthly and includes two weeks of a trial period.
  • The referral program includes $10 bonuses for people who paid for the signals.
  • They deliver signals via copy-trading software.
  • We can receive inhouse real-time support and updates.
  • Those signals were tested on a real IC Markets account with real slippages, money-management, reliability, and profitability.
  • It’s possible to get started using a demo account so as not to lose money.
  • They work only with responsible traders.
  • There is a mix of unnamed strategies to diversify risks.
  • They work with precise and accurate signals.
  • We can get the updates via Telegram, email, or chat.
  • We should use only MT4 for trading.

We have some features of Growex explained, that, acording to the devs, set it apart in the market:

Easy trading

The developers generated all-around signals that don’t require us to have previous experience.

Standardized signal format

We can get the signals with an entry price, stop loss, take profit, and other parameters.

Support

The developers provide welcome support, seeking to answer all our questions.

Trading strategy of Growex

  • We don’t know details about the strategies behind this service.
  • They can be price action or trend because they are rarely used for generating signals.

Growex reports

We don’t have actual trading reports. So, it’s not possible to predict how the system worked with the past data and what results were achieved. 

Trading results in real time

Growex trading results
Growex trading results

We have a robot working on a real FXOpen account with 1:500 leverage. We may note that the account has a verified track record. It was created on February 27, 2020 and since then its total gain has grown to 735.18%. An average monthly gain is 8.10%. The maximum drawdown is 35.14%, that is not good for conservative traders. 

Growex statistics
Growex statistics

The robot executed 1405 deals with 8030.7 pips. An average win is 25.51 pips when an average loss is -33.29 pips. The win rate is 66% for long and 65% for short. An average trade length is 18 hours and a half. It trades with a profit factor of 1.68. 

Growex directions
Growex directions

The robot works with eleven symbols. EURJPY with $2172 and GBPUSD with $2203 are the most traded pairs.

Growex hourly activities
Growex hourly activities

The system focuses on working during the European trading hours.

Growex daily activities
Growex daily activities

Friday with 204 deals is the most traded day.

Growex closed orders
Growex closed orders

It’s noticeable that after a series of losses the account was withdrawn.

Growex monthly profits
Growex monthly profits

So, we don’t know if the system will work well this year.

Growex price

The signals are available for $29 monthly. We can rely on a 50% refund policy if something happens.

Customer support

Growex testimonials
Growex testimonials

The developers provide welcome support.

Are traders happy with Growex?

Growex’ page on Trustpilot
Growex’ page on Trustpilot

Good. Growex has a page on Trustpilot created. There are 14 reviews published that formed a positive rate of 4.4 from 5 possible points.

Growex testimonials
Growex testimonials

So, the service fits well with the expectations of clients.

Growex

Growex
3 5 0 1
Growex is a service that suggests we use a two-week trial to check their signals. After this we should pay a pretty acceptable price if we like to stay. Alas, trading results in April 2022 don't look welcome at all. So, we don’t know if the system shows stable performance this year.
Growex is a service that suggests we use a two-week trial to check their signals. After this we should pay a pretty acceptable price if we like to stay. Alas, trading results in April 2022 don't look welcome at all. So, we don’t know if the system shows stable performance this year.
3/5
Total Score
  • Profitability
    3/5 Neutral
  • Strategy
    2/5 Bad
  • Reliability
    3/5 Neutral
  • Price
    4/5 Good
  • Customer Testimonials
    4/5 Good

Advantages

  • Trading results provided
  • Affordable pricing
  • A refund policy applied
  • Some positive testimonials written

Disadvantages

  • No risk advice given
  • No strategy details provided
  • No setting list available
  • No backtest reports provided
Total
0
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