FXRoad is a fast-growing CFD broker that is known for its selection of wide-ranging assets and highly competitive trading atmosphere. It has all the necessary features that will cater for both novice and seasoned traders with attractive margins, low spreads and a variety of trading software.
If you want to know more, just read the comprehensive FXRoad review and find information about things like spread size or amount, leverage range or options, and account types or choices as well as key features on the platforms themselves.
FXRaod is a forex broker based in Seychelles that provides 350+ trading options like currencies, stocks, cryptocurrencies, and commodities, all aimed at bettering trading through the addition of diverse products daily.
Whether you are a newbie or an expert, some tools will make your trading experience worthwhile no matter the level of expertise on which platform you choose. This broker has always made sure that trading opportunities remain open for those who may want to venture more into this business.
FXRoad: Scam or legit?
FXRoad is a registered broker with registration number 8426168-1 and Financial Services Authority FSA licence number SD052 held in Seychelles.
The FSA places a high premium on security and open books, hence making clients complete a Know Your Client (KYC) procedure to observe Anti-Money Laundering (AML) laws.
The process includes identifying customers’ nationalities with the help of Customer Support to provide them with assistance.
Pros
The maximum leverage offered by FXRoad is 1:200.
FXRoad provides low spreads starting from 0.6 pips.
Regulated from the Financial Services Authority of Seychelles (FSA).
Cons
New Broker
Withdrawal and deposit options at FXRoad are fewer compared to other brokers
24*5 customer support
Trading assets offered by FXRoad
Over 350 trading options are available on FXRoad. Among them are popular currency pairs such as EUR/USD, top company shares like Netflix and Amazon, well-known cryptocurrencies like Bitcoin, and essential commodities such as gold and oil.
This wide variety of assets can be accessed by traders through CFDs so that they would be able to increase their portfolios and find different market opportunities.
Trading platforms provided by FXRoad
FX Road provides multiple trading platforms that make trading easy for both kinds of customers, such as novice and seasoned traders.
WebTrader
FXRoad has two platforms:
WebTrader platform and a Mobile application that is compatible with both iOS and Android. And it operates directly from the browser without having to download anything. It is a well-known but user-friendly trading platform which makes resources easily accessible to its clients.
Traders can begin placing trades in seconds by using a web browser and having guaranteed internet connectivity. WebTrader includes a very simple interface that allows trading to be done by clicking once, a feature that has made it easy for people of different abilities who want to trade to choose it.
The broker provides the TradingView platform, a tool for assisting traders who wish to engage in activities involving FXRoad. Custom charts, indicators, and other premium tools are among the extensive market analyses that facilitate the organisation of traders’ financial activities in various asset classes.
FXRoad iOS application
FXRoad provides a trading solution that works well at any time or place. Any user has complete control of their trading experience using this application owing to its simple interface and powerful security from when they start trading.
FXRoad Android Application
FXRoad’s Android software helps customers trade and manage their deals on the go. It allows users to track market changes so they can capitalise on every trading chance.
Account options offered by FXRoad
Five different account types are available at FXRoad: Silver, Gold, Platinum, Islamic, and virtual accounts.
Accounts
Leverage
Deposit Commission
Swap
Spreads
Customer Support
Silver
1:200
0%
No discount for Silver
Spreads start from 2.6 pips
24*5 Available
Gold
1:200
0%
25% of Silver
starts from 2.0 pips
24*5 Available
Platinum
1:200
0%
50% of Silver
starts from 1.4 pips
24*5 Available
Islamic
1:200
0%
Swaps Free
starts from 0.6 pips
24*5 Available
Step by step account opening process
To open an account on FXRoad, follow these five steps. The actions that follow are as follows:
Step 1: Go to the FXRoad website and select the “Open Account” option.
Step 2: Enter your contact details, including a secure password, your email address, mobile number, age, and your name and last name.
Step 3: After that, fill out the application by answering a few questions about your trading background.
Step 4: Uploading the necessary files is the final step, which entails confirming your identity. You have the option to skip this step now and complete it later.
Step 5: Fill out an online form and deposit the necessary minimum amount after your account details have been verified.
Login on FXRoad
With an email address and password, you can access FXRoad after creating an account on the website.
Fees, spread and commission in FXRoad
FXRoad attracts many people because it offers trading without commissions, which implies no fees when trading, withdrawing cash or depositing money. However, one would need money in their account before making any trades.
This means that customers can trade using leverage as low as 1:200. On the other hand, spreads differ depending on the kind of account one is using at FXRoad. Silver accounts have a 2.6 pip spread, Gold accounts have a 2.0 pips spread, Platinum accounts have a 1.4 pips spread, and Islamic accounts have tight spreads.
If you want to check out other forex broker with similar spreads, you can go for Tradeeu Global.
Withdrawals and deposit options in FXRoad
Easy deposit and withdrawal options are provided by FXRoad including wire transfers, Apple Pay, Google Pay, Maestro, and Visa. Users may quickly manage their transactions in the “My Account” section.
Withdrawals are processed in three business days, and funds usually arrive in five to seven days. While there are no fees associated with deposits or withdrawals using FXRoad, users may still be charged by their bank or payment provider.
A minimum withdrawal amount by wire transfer is 50 EUR. Commission-free services, leverage up to 1:200 and spreads that vary according to account type make FXRoad a flexible and easy-to-use trading platform.
Educational and research resources
FXRoad provides various services to assist clients in understanding trade markets, including seminars, asset analyses, daily market reviews, and market statistics.
To help clients advance their trading knowledge and abilities, they offer educational resources on trading and investment subjects, including webinars, tutorials, eBooks, and articles.
Customer support
Customers may reach customer support by:
Phone number:05:00 – 18:00 GMT / Monday – Friday
07:00 – 16:00 GMT / Saturday – Sunday
For Brazil, 5561947565589 and for India, 911171279109 Email: support@fxroad.com
A live chat option is also available on the website.
Conclusion of FXRoad Review
A competitive CFD broker, FXRoad provides both novice and seasoned traders with an extensive selection of assets and easy-to-use platforms. It meets various trading demands with multiple account options and no transaction commissions.
Islamic accounts have tight spreads, even though other account types may have different spreads. One should be mindful of any extra fees other than the transaction charges they may incur through banks and other payment providers. All in all, FXRoad is a trustworthy and flexible platform for traders searching for a comprehensive trading experience.
FAQS
What assets can I trade on FXRoad?
On FXRoad, you can trade a wide range of assets including currencies, stocks, cryptocurrencies, and commodities.
Are there any fees for opening an account on FXRoad?
No, there are no fees for opening an account on FXRoad.
How long does it take for withdrawals to be processed on FXRoad?
Withdrawals on FXRoad are typically processed within three business days, with funds usually arriving in five to seven days.
Can I access FXRoad’s trading platforms on mobile devices?
Yes, FXRoad’s trading platforms are accessible on both iOS and Android devices.
Are there any educational resources available for traders on FXRoad?
Yes, FXRoad offers various educational resources including webinars, tutorials, eBooks, and articles on trading and investment subjects.
What leverage options does FXRoad offer?
FXRoad offers leverage options up to 1:200.
Are there different account types available on FXRoad?
