FXRoad foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.fxroad.com/onboarding/personal-details-register?Opening=Direct-/en/contactus&sub_campaign=Direct-/en/contactus&utm_content=/en/contactus, about the company's legal and temporary regulatory information, the company's address CT House, Office 9A, Providence, Mahe, Seychelles..
FXRoad Forex Broker
Basic information
Seychelles
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
FXRoad Information
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).
Is FXRoad Legit?
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
| 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 |
Market Instruments
| 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 | ❌ |
Account Type
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.
Leverage
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).
FXRoad Fees
| Account Type | Spread | Commission |
| Silver | From 2.4 pips | ❌ |
| Gold | From 1.8 pips | |
| Platinum | From 1.2 pips |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Webtrader | ✔ | Web | / |
| TradingView | ✔ | Web | / |
| FXRoad App | ✔ | iOS, Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit & Withdrawal
| Payment Option | Minimum Deposit | Minimum Withdrawal | Deposit Fee | Withdrawal Fee |
| Visa | 250 EUR | 50 EUR | ❌ | ❌ |
| MasterCard | ||||
| Maestro | ||||
| Apple Pay | ||||
| Google Pay |
Rating Index
Islamic
Platinum
FXRoad Similarly Rated Brokers
Latest Reviews
Antoine G
France
FXRoad Tradingview is sleek, easy to use, and packed with all the tools I need. Plus, their spreads are super tight, so I'm not getting ripped off on every trade.👍👍👍
Positive
2024-07-10
FX1730867004
India
I am maintaining account with this platform. as on date My withdrawable amount is more than $19000 and the platform is not paying my own withdrawable amount.I faces a loss of $91000 after some profits.Now I am struggling just to withdraw my money. I request please do not get prey to this platform at all.
Exposure
02-21