Introduction
| Broker | FXRoad |
| website | https://www.fxroad.com/ |
| Registered Country | Seychelles |
| Founded In | 2023 |
| Regulation | Financial Services Authority of Seychelles (FSA) |
| Minimum Deposit | 250 EUR |
| Trading Platforms | MT4, WebTrader, and Mobile Application. |
| Virtual Account | Yes |
| Maximum Leverage | 1:200 |
| Spreads | Starting from 0.6 Pips |
| Payment Methods | Maestro, Visa, Mastercard, Gpay, Apple pay |
| Customer Support | support@fxroad.com
05:00 – 18:00 GMT / Monday – Friday 07:00 – 16:00 GMT / Saturday – Sunday |
FXRoad is a new forex and CFD broker that started in 2023. They work in many instruments like forex (currency), cryptocurrency, stocks and commodities (gold, oil etc.), FXRoad is a platform with over 350 assets to trade. FXRoad is designed for all categories of users, from beginner to expert. FXRoad was developed to have an easy to use simple design to make trading and getting started amazing. You don’t need to be very experienced to login and trade. This popular broker has great tools and support, but also does not charge any commission on trades. You can start with low deposits, and they provide spreads that are highly congruent with other brokers. FXRoad offer multiple accounts, and many platforms for trading, ie and Mobile App, MT4, WebTrader. This review will teach you everything you need to know how to use FXRoad, how to open an account, how to login, how to trade safely, how to access FXRoad’s support, and many more. This is an inclusive guide written in simple terms.
Is FXRoad Legit or a Scam?
Before working with any forex broker, you must ask: can this company be trusted? FXRoad is a forex and CFD broker that is registered in Seychelles. It is licensed and regulated by a government group called the Financial Services Authority (FSA). Who is FXRoad regulated by? Their license number is SD052 which means that FXRoad has rules to follow to protect human beings that are trading on their platform. FXRoad has safety nets that help to protect your money and your information. FXRoad uses KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols. These procedures stop fraud, and ensure that the users are, in fact, human beings. Moreover, FXRoad uses encrypted servers which means that you information is locked down and is not available for those would like to hack your information. Therefore, FXRoad has passed the first trust test as brokers are regulated not scams. However, at the end of the day, they are an online service and you should read the terms and conditions before sending any money.
Trading Conditions
FXRoad is a forex and CFD broker that has reputable trading services for traders. The platform has around 350 assets to trade such as forex pairs like EUR/USD, Stocks (Amazon), cryptocurrencies (Bitcoin ), and commodities (gold, oil) With FXRoad you will never pay a commission on any of your trades. You only pay a spread (the small distance between the buy price and the sell price). Trading is instant with little delay. Traders may use leverage to trade up to 1:200 depending on your account type. This means you can trade more money than what you deposit with FXRoad. FXRoad has various account types suitable for beginners and seasoned traders. They also have a risk management tools, have stop-loss and take profit options which help protect against losses. The platform is designed for people to trade easily, quickly, and at low cost. FXRoad offers a flexible way to start trading online at an affordable low-cost price.
Minimum Deposit
FXRoad has a minimum deposit of 250 EUR with which to open a trading account. This is low and reasonable when compared to many other forex brokers. It is good for beginners, as it does not require a lot of money to get started.
You can deposit using:
- Visa
- Mastercard
- Google Pay
- Apple Pay
- Maestro
All deposits are fast, easy and safe through the online trading dashboard, and you can start trading immediately after your deposit is confirmed.
Minimum Spread
A spread refers to the small difference in price to buy and sell an asset, and can include forex (in a foreign currency) or stocks (in your own currency). The spread that FXRoad offers, a forex and CFD broker, start at only 0.6 pips. The spread that you will receive, based on your account type, will influence your spread.
Below is a very simple outline of FXRoad’s spreads by account type:
- Silver Account – Spreads start at 2.6
- Gold Account – Spreads start at 2.0
- Platinum Account – Spreads start at 1.4
- Islamic Account – Spreads start at 0.6
The lower the spreads means the lower cost of the trade so you will have more savings on each trade for the lower spreads. The overall effect spreads offer a lower cost for beginner traders and reduce the pricing for people who trade often.
FXRoad does fair spreads so everyone can access trade.
Leverage
FXRoad is a forex and CFD broker with a maximum leverage of 1:200. This means that if you deposit only $1, you can trade up to $200 in your account. Leverage offers traders the opportunity to open larger trades for a small amount of cash. It is a very good feature to have, especially if you want to trade more, with less of an investment at first. However, keep in mind that leverage has a high risk. If your trade starts to go wrong, you can lose more than the total amount of your deposit. While leverage can help achieve more profit, it can also lead to much bigger losses. Therefore, it’s very important to use leverage wisely. Beginners should always use lower leverage and safeguard their money, using tools such as the stop-loss feature. FXRoad allows its traders to have this feature when trading to enhance flexible trading options, but smart and safe use will always be a significant key.
Spreads and Commissions
FXRoad is a broker in forex and CFD trading market that has no trading commission. This is arguably one of its greatest strengths. Generally, there is no extra cost paid in addition to buying and selling apart from the spread (the small difference between a buy and sell price). The amount you pay in the spread varies depending on the kind of account you have. FXRoad has spreads starting from 0.6 pips. The no-cost trading structure is great for people who may be trading 30 times in one day. Finally, you have a lower total trading cost and the ability to manage your equity more easily. This is a very helpful feature for the novice trader as well as the regular trader. FXRoad wants trading to be simple, inexpensive, and an opportunity for all. By not having a commission and only charging a spread, FXRoad gives more value to its users.
Account Types
FXRoad is a forex and CFD broker which offers five types of trading accounts to cater for different trading experiences and needs. Therefore, no matter the account you choose, there is an account suitable for you.
- Silver Account
A silver account is for beginners with higher spreads and basic features for trading.
- Gold Account
A gold account is for someone with some trading experience, a gold account is is better because it has improved spreads and gives access to other facilities.
- Platinum Account
A platinum account is for professional traders with the best spreads and advanced features.
- Islamic Account
An Islamic account is not allowed to have interest, do not offer swaps, and an Islamic account follows Sharia law for Muslim traders.
- Virtual/Demo account
A virtual account is for practice only, like a simulator, where you can use fake money and learn how to trade without risk. It is simply a great way to learn how FXRoad works before you use real money.
How to Open an Account in FXRoad?
Opening an account on FXRoad is very simple. Just follow these steps:
- Go to the official website fxroad.com
- Click the “Open Account” button.
- Fill in your details like name, email, age, and country.
- Answer questions about your trading experience.
- Upload your ID (you can do this later too).
- Make the minimum deposit of 250 EUR.
- Your account will be ready once the information is verified.
Once done, you will receive an email confirmation. After that, you can log in and start trading.
Login in FXRoad
Logging into your FXRoad account is quick:
- Visit the FXRoad website.
- Click on “Login”.
- Enter your registered email and password.
- Click submit.
You’ll be taken to the dashboard where you can see your account balance, open trades, and market charts. It’s clean, easy to use, and loads fast.
Trading Platform
FXRoad supports three platforms:
1.MetaTrader 4 (MT4)
- Most popular platform
- Powerful charting tools
- Works on desktop
2.WebTrader
- No download needed
- Works in your browser
- Easy and quick access
3.Mobile App
- Trade from anywhere
- Available on Android and iOS
- Full control on the go
These platforms are good for both beginners and advanced users. They offer fast order execution, technical analysis tools, and alerts.
Deposits and Withdrawal
Depositing and withdrawing money is simple:
Deposit Methods:
- Visa
- Mastercard
- Google Pay
- Apple Pay
- Maestro
Withdrawal Process:
- Log in to your FXRoad account.
- Go to “My Account”.
- Click on “Withdraw Funds”.
- Enter the amount and choose the method.
- Submit the request.
Note: Withdrawals can take up to 3 business days to process, depending on your bank or payment method. There are no hidden withdrawal charges as per the official website.
Customer Support
FXRoad offers customer service 7 days a week.
Contact Methods:
- Email: support@fxroad.com
- Live Chat: Available on the website
- Phone Support: Available for India and Brazil
Support Hours
- Monday to Friday: 05:00 to 18:00 GMT
- Saturday to Sunday: 07:00 to 16:00 GMT
They are usually fast in responding to common questions like how to login, deposit money, or fix account issues.
Conclusion
FXRoad is a new Forex broker with good features, acceptable trading conditions, and solid safety measures. It offers clients 350+ instruments, multiple trading platforms and multiple types of accounts to suit each different trader.
For the beginner to Forex trading, I would suggest starting with the Silver and; or Demo account, for the more experienced trader, accounts capable of claiming the gold or platinum level offer the tightest spreads amongst the offerings and other features.
With the low minimum deposit of 250 EUR, no commission, and friendly interface FXRoad has what it takes to be competitive in 2025. Though relatively new as broker, it is a regulated entity and is establishing a good reputation.
So whether you’re starting your first trading journey or looking for a new broker FXRoad might be a broker you want to consider.
FAQs
1) How do I open a trading account with FXRoad?
Simply visit the FXRoad website, click “Open Account,” complete your personal information, submit proof of ID, and pay – deposit the minimum 250 EUR, and you’re done!
2) Why is FXRoad appealing for new traders?
FXRoad is appealing for new traders because they have very straightforward tools, do not charge any trading commission and have a low minimum deposit of 250 EUR. They even have a great Silver account for beginners to get started.
3) Is FXRoad a regulated forex broker?
Yes, FXRoad is registered in Seychelles and regulated by the Financial Services Authority (FSA), under license number SD052.
4) How does FXRoad support help you?
FXRoad support hours are seven-day a week via email, live chat, and telephone. They assist with issues relating to logging in, making a deposit, or anything account related.
5) Why does FXRoad charged no commission?
FXRoad does not charge any commissions; only spreads. This means a significant saving for traders especially those that may be trading multiple times a day.
