FXRoad Review: Pros and Cons in 2024

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FXRoad Review: Pros and Cons in 2024

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FX Road




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.

FXRoad Highlights:

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

What is FxRoad?

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.

fxroad introduction

Our recommendation: Trading at FXRoad Review: Pros and Cons in 2024

  • Maximum leverage – 1:200
  • Zero commissions
  • Demo account available
  • Islamic account available
  • Regulated from Financial Services Commission


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Advantages and disadvantages of FXRoad Review: Pros and Cons in 2024

  • Regulated from Financial Services Commission
  • Maximum leverage 1:200
  • Virtual account
  • Very new to the market
  • Customer support available only 24*5

Types of Accounts at FXRoad:

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:

Silver Account:

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.

Gold Account:

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.

Platinum Account:

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.

Islamic Account:

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.

Our recommendation: Trading at FXRoad Review: Pros and Cons in 2024

  • Maximum leverage – 1:200
  • Zero commissions
  • Demo account available
  • Islamic account available
  • Regulated from Financial Services Commission


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Assets Offered By FxRoad

  • FXRoad offers access to over 350 trading instruments.
  • These instruments include major currency pairings like EUR/USD.
  • Traders can also invest in shares of renowned international companies such as Netflix and Amazon.
  • Cryptocurrencies like Bitcoin are available for trading.
  • Additionally, essential commodities like gold and oil are accessible through CFDs on FXRoad.
  • The diverse range of assets enables traders to diversify their portfolios.
  • With this extensive selection, traders can capitalize on various market opportunities.

Spreads, Commissions, and Fees of FXRoad

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.

Deposit and Withdrawal on FXRoad:

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.

  • Traders can deposit and withdraw funds via their profile’s “My Account” section.
  • They select the desired amount and confirm the transaction.
  • FXRoad completes the process and sends a confirmation email within three business days.
  • Funds typically arrive in the trader’s account 5 to 7 business days after approval.
  • Users can review their financial transactions in the “Transaction History” section of their FXRoad account.
  • The broker does not impose withdrawal or deposit commissions.
  • Users are responsible for any fees charged by their banks or payment providers.

For such other forex brokers, you can check out Capitalix, and Equiity also.

Platform Types on FXRoad

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.

Trading view:

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.

Company Details


  • Stocks
  • Forex
  • Cryptocurrencies
  • Commodities


  • Country: Seychelles
  • Licensed : 8426168-1
  • Regulations: Financial Services Authority of Seychelles (FSA)

Customer Service

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]

Our recommendation: Trading at FXRoad Review: Pros and Cons in 2024

  • Maximum leverage – 1:200
  • Zero commissions
  • Demo account available
  • Islamic account available
  • Regulated from Financial Services Commission


download (1)
Recommended Broker

Mobile Application

  • FXRoad provides an iOS app designed to offer a convenient trading solution accessible anytime, anywhere.
  • The app boasts a user-friendly interface and robust security measures, empowering customers with full control over their trading journey from start to finish.
  • FXRoad also offers an Android application, enabling customers to trade on the move and oversee their transactions from any place.
  • This app keeps users updated with real-time market information, ensuring they don’t miss out on any trading opportunities.

FXRoad Review: Pros and Cons in 2024

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:

Advantages of FXRoad:

Here are key highlights that receive a lot of appreciation from FXRoad users:

  • No Deposit or Withdrawal Fees: FXRoad has a transparent approach in terms of service and charges no commissions on deposits or withdrawals. This feature is surely a plus on this platform.
  • Extensive Educational Resources: This platform doesn’t just serve veterans of the field; it also offers educational resources to young traders by providing them with daily market reviews, asset analyses, and webinars, which is really commendable.
  • Versatile Account Types: As discussed in detail, FXRoad has different account types to cater to the diverse needs of traders. Each type has its own levels of leverage, and this freedom to choose an account as per one’s requirements is a great thing.
  • Dedicated Customer Support: The biggest positive of FXRoad is the dedicated customer support services it offers. Their assistance, from account setup to support ever after, is something that traders can really rely on, and that’s always a positive.

Disadvantages of FXRoad:

Here are some of the key disadvantages for FXRoad users:

  • Currency: For anyone considering opening an account with FXRoad, the platform offers accounts in USD and EUR only.
  • Limited Options: The trading instruments on FXRoad have a limited number of options. Customers can choose from around 350 instruments, which may not be an excellent thing for those looking for more options.
  • Inactivity deductions: FXRoad’s policy of not taking any commission on transactions is great, but the platform charges inactivity fees on dormant accounts. This fine is deducted after 30 days of inactivity and ranges from 30 to 500 EUR.


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.


At Trending Brokers, our aim is to provide you with diverse perspectives, unbiased assessments, and in-depth scrutiny. We maintain our commitment to precision through stringent data validation and consultations with industry mavens. It’s important to acknowledge that, though infrequent, minor fluctuations may occasionally manifest. Rest assured, our resolve to deliver impartial evaluations, thorough analysis, and well-informed viewpoints remains steadfast.

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.