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FXRoad is a fast-developing CFD brokerage that aims to empower traders with the necessary tools and confidence to navigate global markets. Offering its services globally, FXRoad has become one of the most popular names in its category.
Its extensive asset selection and competitive trading environment are major reasons behind this. It has also been designed taking into account all different factors, and it’s all because of its uniqueness that FXRoad has gained massive interest from users in no time.
The platform hasn’t yet received industry awards, but being regulated by the Financial Services Authority (FSA) of Seychelles proves that it is fully trustworthy. This oversight ensures that FXRoad maintains genuine practices regarding pricing, commissions, and procedures, which provides traders with a reliable environment for their investments.
Are you interested in learning more about FXRoad? If yes, this review will answer all the questions popping up in your mind, as it covers every minor detail about the spreads, leverage, account types, and all necessary features.
Here is a table of some major highlights of FXRoad:
| Broker | FXRoad |
| website | https://www.fxroad.com/ |
| Registered Country | Seychelles |
| Founded In | 2023 |
| Regulation | Financial Services Authority of Seychelles (FSA) |
| Trading Platforms | MT4, WebTrader, and Mobile Application. |
| Minimum Deposit | 250 EUR |
| Maximum Leverage | 1:200 |
| Spreads | Starting from 0.6 Pips |
| Virtual Account | Yes |
| Islamic Account | Yes |
| Payment Methods | Maestro, Visa, Mastercard, Gpay, Apple pay |
| Customer Support | [email protected]
05:00 – 18:00 GMT / Monday – Friday 07:00 – 16:00 GMT / Saturday – Sunday |
FXRoad is a great option for traders seeking a reliable and well-regulated online trading experience. Situated in Seychelles, it is notable for offering more than 350 trading instruments, including key currency pairings, leading global shares, cryptocurrencies, and commodities. It is a reliable broker that is committed to transparency by creating a secure trading environment.
To do so, this platform keeps client funds segregated, implements robust data encryption measures, and offers negative balance protection to shield traders from losses beyond their account balance. Their comprehensive educational resources and dedicated customer support empower traders throughout their association with FXRoad.
With a brilliant user-friendly design, this trading platform is accessible across devices, provides a wide array of account types to suit varying needs, and has a crystal-clear pricing structure free of any hidden fees.
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FXRoad has a range of account types to fulfil its users’ different trading needs and experience levels. Traders can choose from the following options for accounts while starting to use this platform:
This account type is for those who are familiar with the markets, as it gives them access to all instruments with spreads starting at 2.6 pips for major forex pairs. It offers leverage up to 1:200 and doesn’t charge any transactional fees.
The Gold account offers spreads starting at 2.0 pips for major forex pairs and leverages up to 1:200. Most importantly, it has a 25% discount on the spreads offered by the Silver Account, making it a better option for users.
Designed for experienced traders seeking intensive trading experience, this account type provides the tightest spreads, which start at 1.4 pips for major forex pairs. The Platinum Account has leverage up to 1:200, but it has a 50% discount on the spreads offered by the Silver Account in FXRoad.
The Islamic Account has been tailored for traders who adhere to Sharia principles and is compatible with Islamic finance. This especially designed account type does not include overnight rollovers and offers tight spreads and zero commissions on deposits.
What’s important to point out is that all the account types can be funded using various methods, and FXRoad does not charge any fees on deposits or withdrawals. This shows the transparency of their offering, but it must be noted that while the platform doesn’t state any sort of minimum deposit requirements, traders should review the terms and conditions very carefully.
FXRoad is a good option among all available brokers in the market because of its commission-free services. It deducts no fees or charges on deposits, withdrawals, or trades, which is something the customers are always fond of.
The platform has 1:200 leverage for the users; however, the spread varies according to your account type.
For example, the spread amounts are 2.6 pip for people who have silver accounts, 2.0 pip for those with gold accounts, and 1.4 pip for platinum accounts. Traders who use Islamic accounts get tight spreads.
After opening an account, the user must deposit the minimum amount to start trading, and many wonder how to do it. Deposits and withdrawals on FXRoad are easy, as the platform offers both these services through globally accepted methods like Visa, Maestro, Apple Pay, Google Pay, and wire pay.
For such other forex brokers, you can check out Capitalix, and Equiity also.
FXRoad offers two platforms, WebTrader and the mobile app, which are supported on iOS and Android devices. The platform works directly in the browser, so there’s no need to download it.
WebTrader is immensely popular and easy-to-use software that lets traders quickly access necessary resources. All you need to start using it is a browser and a decent internet connection.
WebTrader’s features are a very user-friendly interface and the luxury of trading with a single click.
FXRoad’s application platform, TradingView, helps traders trade with them. This application has custom charts, indicators, and other premium tools, and that’s not all. These are just a few of the analysis tools that help traders organise their financial activity across a range of asset classes.
Phone number: 05:00 – 18:00 GMT / Monday – Friday
07:00 – 16:00 GMT / Saturday – Sunday
For Brazil, 5561947565589 and for India, 911171279109
Email: [email protected]
FXRoad has become a popular broker because of the great features it has, but potential customers always ask about the advantages and disadvantages of the platform. So, here is a brief explanation of the pros and cons of FXRoad 2024:
Here are key highlights that receive a lot of appreciation from FXRoad users:
Here are some of the key disadvantages for FXRoad users:
FXRoad is an easy-to-use trading platform that is for both novice and experienced traders due to the variety of options it has. Also, their no transaction fee policy is really attractive. But, traders must go through all the terms and conditions before starting their journey on this platform.
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We feel compelled to offer some guidance on the subject of investing in financial instruments, commodities, and assorted assets, which inherently entail a significant degree of risk. There exists the potential for a complete loss of your invested capital. We strongly advise engaging in such ventures only if you possess a comprehensive understanding of the associated hazards. Please bear in mind that Trending Brokers refrains from providing investment advice or any semblance of financial counsel.
Your financial security is of paramount importance to us, and we emphatically advocate for the exercise of due diligence and the pursuit of professional guidance when making investment decisions.
FXRoad is a platform that offers a variety of educational materials and dedicated support to users. These features make it a great option for traders.
FXRoad follows the rules and regulations of the Financial Services Authority of Seychelles, so it’s fully trustworthy.
The minimum deposit to open a live account at FXRoad is €250.
FXRoad provides its users with a proprietary WebTrader and a mobile trading app.
Trending Brokers accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market.
Disclaimer: At Trending Brokers, we are committed to providing unbiased reviews, blogs, comments, and analyses related to forex trading. We do not accept any paid services from brokers, ensuring all our reviews and blogs are genuinely honest and fair. We are constantly working towards providing updated information over time for better investment decisions by traders. The investment in Forex trading is subject to market risks, and it is mandatory to read all scheme-related documents carefully to understand the risks involved in trading. We would recommend traders take proper care and research before investment in the programs.
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