Score
FXRoad
Seychelles|1-2 years| https://www.fxroad.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Seychelles
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed FXRoad also viewed..
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Website
fxroad.com
Server Location
United States
Website Domain Name
fxroad.com
Server IP
172.67.69.100
Company Summary
| 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 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 |
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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