FXRoad Review

FXRoad is an online trading platform that offers a variety of financial instruments. Their idea was to create a platform suitable for all types of traders. If you’re wondering if this broker fits your expectations and if it’s worth trying, keep reading.

FXRoad Pros and Cons

Is FXRoad Secure?

FXRoad is regulated by the FSA. This means they provide clear information regarding pricing, commissions, and procedures. They also use SSL, the industry standard safety protocol. With all this, you can be confident your data is fully protected. But brokers that are only regulated by the FSA of Seychelles may have less protection compared to those regulated in more stringent jurisdictions.

Markets and Products

FXRoad offers over 350 trading assets:

• Forex
• Stocks
• Indices
• Commodities

This is a decent number, but many competitors offer way more. When it comes to spreads and leverage, the spreads start from 0.6 pips, and the leverage is up to 1:200. 

FXRoad Fees and Charges

FXRoad doesn’t charge any withdrawal and deposit fees. The fees for trading the assets are lower than the industry average. Also, there is no inactivity fee, which is great. 

FXRoad Account Types & Account Opening

There are four account types to choose from:

• Silver Account – Good for beginners
• Gold Account – Better features and trading conditions
• Platinum Account – For seasoned traders that look for advanced tools
• Islamic Account – For traders who follow Sharia law
• Demo Account

Account Type	Leverage	Spreads	Commission
Silver Account	up to 1:200	From 2.6 pips	None
Gold Account	up to 1:200	From 2.0 pips	None
Platinum Account	up to 1:200	From 1.4 pips	None
Islamic Account	No night rollovers	Tight spreads	None

How to Open an Account

Opening an account is an easy process. Go to the Trading Accounts section and choose the account by clicking the “Open Account” button. Enter the required information, make a deposit, and you’re done.

Trading Platforms

There are two trading platforms available: WebTrader and TradingView. Of course, this is not bad, but many competitors offer more popular ones.

Mobile Trading Platform

The iOS and Android apps are great for traders who want to take full advantage of trading on the go. A cool thing is you can turn on notifications and stay up to date.

Web Trading Platform

The WebTrader platform is an excellent solution if you want to trade from your home, but don’t want to download any application or software. You can trade on whatever browser you’re using.

FXRoad Research Tools

FXRoad provides some resources for traders, but tools like advanced charting, and market analysis are not available. TradingView offers basic charting and technical analysis tools. The platform doesn’t seem to highlight any in-depth tools we usually see in larger brokers. 

FXRoad Educational Content

The FXRoad platform provides educational content such as webinars, and trading tutorials. These are mostly for beginners who are just starting out. 

Customer Service Overview

You can contact the FXRoad customer support via:

• Email: support@fxroad.com
• Live Chat

FXRoad Deposit and Withdrawals

FXRoad accepts various payment methods including Bank Transfers, e-wallets, and cards. The withdrawals are processed within 24 hours, but the funds can be expected on your account in 7 days.

FXRoad Online User Reviews and Ratings

FXRoads seems to be rated well on Trustpilot. Out of 432 reviews, 70% are 5 stars, and 26% are 1 star reviews. Unfortunately, many users are complaining about withdrawals. At the same time, many users are satisfied with the withdrawal time, customer support, and the platform in general.

Author Opinion on FXRoad

FXRoad runs a basic trading setup with forex and other markets. The fees stay low and they don’t charge for inactive accounts. They operate under Seychelles rules, which aren’t as tough as places like the UK or Australia.

Trading works fine here – spreads are tight and you can trade with leverage up to 1:200. But you’re stuck with just WebTrader and TradingView. No MetaTrader or other popular platforms. The asset list stays pretty short too. Market research tools are basic – not great if you need deep analysis for trading.

People talk about good support and quick money transfers on Trustpilot. But there’s a catch – quite a few traders mention problems getting their money out. That’s worth thinking about before opening an account.

FXRoad makes sense if you want cheap trading and simple platforms. But look elsewhere if you need serious tools, more trading options, or stronger regulation. It’s a budget option that comes with trade-offs.

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