FXRoad

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

Market Instruments

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

Trading Platform

Deposit & Withdrawal