Score
Seychelles
|
2-5 years
| https://www.fxroad.com/
Website
Rating Index
Influence
D
Influence index NO.1
India 2.61
LicensesLicensed Entity：4 Square SY Limited
License No. SD052
Single Core
1G
40G
1M*ADSL
Seychelles
fxroad.com United States
VIP is not activated.| FXRoad Review Summary | |
| Founded | 2023 |
| Registered Country | Seychelles |
| Regulated | Not regulated |
| Market Instruments | Major currency pairs, Shares of top global companies, Cryptocurrencies, Commodities |
| Demo Account | ✅($100,000 in virtual fund) |
| Leverage | Up to 1:200 |
| Spread | From 2.4 pips (Silver account) |
| From 1.8 pips (Gold account) | |
| From 1.2 pips (Platinum account) | |
| Trading Platform | Webtrader, TradingView, FXRoad App (iOS, Android) |
| Min Deposit | 250 EUR |
| Customer Support | Service time: 05:00 - 18:00 GMT / Monday – Friday; 07:00 - 16:00 GMT / Saturday – Sunday |
| Live chat, contact form | |
| Brazil: +5561947565589 | |
| India: +911171279109 | |
| Email: support@fxroad.com | |
| Social media: Facebook, Instagram, Twitter, LinkedIn | |
| Registered address: CT House, Office 9A, Providence, Mahe, Seychelles | |
| Regional Restrictions | USA, Canada, the European Union, Iran, Iraq, Syria, North Korea, Sudan |
FXRoad, registered in Seychelles, is a newly-established unregulated broker, offering trading on Major currency pairs, Shares of top global companies, Cryptocurrencies, and Commodities with leverage up to 1:200, variable spreads on different account types and no commissions. Demo accounts are available, and the minimum deposit requirement to open a live account is as high as 250 EUR. Instead of the leading MT4 and MT5, trading platforms available are Webtrader, TradingView, and FXRoad App (iOS, Android).
FXRoad currently does not appear to be regulated by any major financial authority. Regulation helps protect traders by ensuring brokers adhere to certain standards. The lack of regulation means it's advisable to proceed with caution and thoroughly understand the risks involved before trading with FXRoad.
| Pros | Cons |
| • Various trading instruments to trade | • Operates without regulatory oversight |
| • Offers multiple account types | • Tight spreads |
| • Demo accounts available | • High minimum deposit (250 EUR) |
| • Open and equitable trading environment with no commissions | • No MT4/5 |
| • Three choices of trading platforms | • Lack of educational resources |
| • Multiple contact channels | • No 24/7 customer support |
| Tradable Instruments | Supported |
| Major currency pairs (EUR/USD, etc.) | ✔ |
| Shares of top global companies (Netfilx, Amazon, etc.) | ✔ |
| Cryptocurrencies( Bitcoin, etc.) | ✔ |
| Commodities (oil, gold, etc.) | ✔ |
| Indices | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
FXRoad offers four account types: Silver, Gold, Platinum and Islamic. All accounts offer leverage up to 1:200, 0%deposit commission and tight spreads.
However, they differ in minimum spreads offered and target audience.
Silver accounts are designed for new traders with a minimum spread of 2.6 pips.
Gold accounts are for traders looking for more potential trading opportunities with a minimum spread of 2.0 pips.
Platinum accounts are designed for experienced traders looking for an intensive trading experience with a minimum spread of 1.4 pips.
Islamic accounts are designed for traders adhering to Islamic finance principles with no night rollovers.
FXRoad offers leverage up to 1:200, which can magnify your potential returns. This high leverage is available across all their account types (Silver, Gold, Platinum, and Islamic).
| Account Type | Spread | Commission |
| Silver | From 2.4 pips | ❌ |
| Gold | From 1.8 pips | |
| Platinum | From 1.2 pips |
| Trading Platform | Supported | Available Devices | Suitable for |
| Webtrader | ✔ | Web | / |
| TradingView | ✔ | Web | / |
| FXRoad App | ✔ | iOS, Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
| Payment Option | Minimum Deposit | Minimum Withdrawal | Deposit Fee | Withdrawal Fee |
| Visa | 250 EUR | 50 EUR | ❌ | ❌ |
| MasterCard | ||||
| Maestro | ||||
| Apple Pay | ||||
| Google Pay |
Have you been lured into forex investment through FXRoad under the fake impression of professionally managed services? However, in real time, this broker denied withdrawals? You have unfortunately trusted a scam broker. Read some hard reviews of the broker.
If you are planning to invest your money, then beware, there are a lot of scammers looking for you to swindle your money. You must be very careful. Have you heard that proverb, "The moment you look away, an accident happens"? The same story happened with a user, who ultimately became a victim of his chosen broker.
Honestly, I wouldn’t call it fully legit just yet. FXRoad is based in Seychelles and currently unregulated. That doesn’t mean it's a scam, but for me, this means the usual investor protection just isn’t there. I wouldn’t commit large funds without fully understanding the risks first.
Yes, they do. FXRoad has a dedicated Islamic account without overnight interest charges. That’s a plus if you follow Shariah principles.
Sure. FXRoad uses a spread-based model with no commissions. Silver accounts start from 2.4 pips, Gold from 1.8 pips, and Platinum from 1.2 pips. Personally, I find the spreads on Silver accounts a bit too wide for my liking.
The minimum deposit is 250 EUR. I started with this exact amount using Visa, and the deposit landed almost instantly. It’s a bit steep for beginners, in my opinion.
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