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Introduction
Introducing FXRoad, a growing CFD brokerage that many adore for its generous trading conditions and large selection of assets to trade. Regardless of your level of experience, FXRoad offers options for all traders.
They have a wide range of trading platforms, attractive spreads, and good leverage, which allows you to trade with more money than you actually have. Sounds intriguing, doesn't it?
This review of FXRoad will explain everything in detail, so read on for more information. We will review the expenses of trading, the amount of excess money you may spend, the many account kinds they offer, and the quality of their trading platforms.
Overview
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 |
support@fxroad.com 05:00 - 18:00 GMT / Monday – Friday 07:00 - 16:00 GMT / Saturday – Sunday |
What is FXRoad?
The Seychelles-based FXRoad is well-known for providing more than 350 trading options, including major currency pairings, international top stocks, cryptocurrencies, and commodities like gold and oil.
They constantly add new items to trade in order to give you more options because they are all about improving trading. Additionally, their platform is compatible with all devices, so you can trade whenever you need to, regardless of experience level. You may always learn something new on FXRoad to improve your trading skills.
How Does FXRoad Work and Why Choose It?
FXRoad, a Seychelles-based company, is subject to Financial Services Authority (FSA) regulation, which ensures that all operations are carried out correctly. Know Your Client (KYC) is a process that must be completed upon registration in order to ensure that all information is secure and clear.
This entails verifying your residence and identification. They take extra precautions, such as separating your money into accounts with reputable banks, to keep it safe. Additionally, if you ever need assistance, their Customer Support team is quite helpful.
Pros and Cons of FXRoad
Here are some advantages and disadvantages of FX Road:
Pros |
Cons |
|
Withdrawals and deposit options are less than other brokers. Relatively new broker |
Trading Platforms offered by FXRoad
WebTrader
You can trade with FXRoad using two different methods: their WebTrader platform and their Android and iOS mobile app. You don't need to download anything to trade with WebTrader; you may trade right from your web browser.
It provides you with all the necessary tools to trade hassle-free and is very straightforward to use. You can begin trading in a matter of minutes with simply a reliable internet connection.
A handful of WebTrader's features are as follows:
-
User-friendly interface
-
Trading Capability with Just One Click
TradingView is a platform offered by FXRoad that is very beneficial to traders. You can analyse the market with its unique charts, unique indicators, and other advanced instruments.
You can manage all of your trading materials, including stocks and currencies, in one location with TradingView. It's similar to having a personal assistant when trading!
FXRoad iOS application
For iOS, FXRoad offers an app that delivers an effective trading solution anywhere, at any time. With its user-friendly interface and robust security, the app gives customers complete control over the trading experience from the first trade.
FXRoad android application
You can trade and monitor your trades from anywhere with the FXRoad Android app. You may keep yourself informed about market developments so you never miss an opportunity to trade. It is similar to carrying the market about with you!
Accounts Offered by FXRoad
FXRoad has five different account types: virtual, Islamic, Gold, Platinum, and Silver..
Accounts |
Leverage |
Spreads |
Swap |
Deposit Commission |
Customer Support |
Silver |
1:200 |
Spreads start from 2.6 pips |
No discount for Silver |
0% |
24*5 Available |
Gold |
1:200 |
starts from 2.0 pips |
25% of Silver |
0% |
24*5 Available |
Platinum |
1:200 |
starts from 1.4 pips |
50% of Silver |
0% |
24*5 Available |
Islamic |
1:200 |
starts from 0.6 pips |
Swaps Free |
0% |
24*5 Available |
Steps to Open an FXRoad Account
There are simply five basic steps involved in opening an account with FXRoad.
Step 1: Initially, visit the FXRoad website and select "Open Account."
Step 2: Next, provide your information (name, age, phone number, email address, etc.) and make a strong password. Subsequently, respond to a few inquiries concerning your trading background.
Step 3: You will then be required to upload certain documents in order to authenticate your identity. You are free to decide to do this now or later.
Step 4: Following the verification of your details, complete an online form and make the minimum deposit needed to open an account. That's it; now you can begin trading.
Login to FXRoad Account
With an email address and password, you can access FXRoad after creating an account on the website.
Financial Instruments Offered By FXRoad
FXRoad offers Stocks, Forex, Cryptocurrency and commodities for the customers for trading. More than 350 trading instruments, including important currency pairings like EUR/USD, shares of top international firms like Netflix and Amazon, well-known cryptocurrencies like Bitcoin, and necessary commodities like gold and oil, are accessible through CFDs on FXRoad.
With this wide selection of assets, traders can diversify their portfolios and take advantage of a variety of market possibilities.
Spreads, Commissions, and Fees of FXRoad
Since there are no fees associated with trading, withdrawing, or depositing money, FXRoad is an excellent option. Additionally, you can trade with more money than you actually have because they provide leverage of up to 1:200.
However, the kind of account you have will determine how much you pay for the spread of the difference between the purchasing and selling prices. For instance, the gap on silver accounts is 2.6 pip, the spread on gold accounts is 2.0 pip, the spread on platinum accounts is 1.4 pip, and the spread on Islamic accounts is incredibly thin.
Deposit and Withdrawal of FXRoad
Customers can deposit and withdraw money with ease using FXRoad by utilising a variety of payment options, including wire transfers, Apple Pay, Google Pay, Visa, and Maestro. This can be accomplished by choosing the amount and verifying it in the "My Account" section. FXRoad typically executes your withdrawal and emails you a confirmation in three business days.
After approval, it could take five to seven business days for the funds to appear in your account. The "Transaction History" area is where you may additionally monitor your financial situation.
Even though FXRoad doesn't impose fees for deposits or withdrawals, your bank or payment provider may still charge you. Additionally, the minimum withdrawal amount if you're utilising wire transfer is 50 EUR.
Educational and Research Resources
You may learn a lot of helpful information about trading concepts from the FXRoad website. Items such as market statistics, daily market reports, and asset analysis are available. In addition, they provide tutorials, eBooks, articles, and webinars as educational resources.
The purpose of these resources is to improve your understanding of trading and investing. With all of these helpful tools at your disposal, FXRoad is dedicated to helping you advance your trading expertise.
Customer Support
Customers may reach customer support by:
Phone number:05:00 - 18:00 GMT / Monday – Friday
07:00 - 16:00 GMT / Saturday – Sunday
For Brazil, 5561947565589 and for India, 911171279109
Email: support@fxroad.com
A live chat option is also available on the website.
Conclusion
A trustworthy CFD broker with a large asset base and user-friendly platforms is FXRoad. They provide account alternatives for all users, regardless of skill level, and there are no transaction fees.
Although the spreads on various accounts vary, it's good that Islamic accounts have narrow spreads. Just be aware that additional costs may apply from payment processors or banks. FXRoad offers traders a dependable and adaptable platform for a positive trading experience overall.
FAQs
Is FXRoad regulated?
Yes, the Financial Services Authority of Seychelles (FSA) oversees FXRoad, making sure that they follow the law.
Which trading platforms are available on FXRoad?
FXRoad provides WebTrader, the well-known MT4 platform, and mobile apps for iOS and Android smartphones.
How much money must be deposited as a minimum to start an FXRoad account?
To open an account with FXRoad, you must deposit a minimum of 250 EUR.
Do they provide Islamic accounts at FXRoad?
Indeed, FXRoad provides swap-free trading on Islamic accounts that adhere to the rules of Islamic financing.
Does FXRoad charge fees for deposits and withdrawals?
There are no fees associated with deposits or withdrawals on FXRoad. Charges, though, might be imposed by your bank or payment processor.
How much time does FXRoad take to execute withdrawals?
Withdrawals are normally processed by FXRoad in three business days. The money may not appear in your account for five to seven business days after it is approved.
Does FXRoad provide traders with any instructional resources?
Indeed, FXRoad provides traders with a range of instructional tools, like webinars, eBooks, articles, and tutorials, to assist them advance their knowledge and abilities.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.