FXRoad Forex Broker Review
FXRoad is one of the online forex and CFD brokers which aims to provide a fully featured trading platform for all levels of trading professionals. Having a user-friendly interface and robust functionality, it is trying to reach beginners as well as experienced investors with trading accounts and platforms.
$250
1.4 pips
FSA
FXRoad Forex Legit or Scam?
FXRoad review highlights that it is regulated by the Financial Services Authority (FSA), adhering to international standards with strict compliance requirements. This would provide protection for investments, as well as trading equality, of the traders. Further, security is further provided by
- Expanded encryption technologies in order to protect personal and financial information.
- Two-factor authentication is adding one more layer of security.
- Regular audit activities for the preservation and updating of security measures.
FX Road provides a transparent and dedicated trading platform. The platform is regulated by financial authorities around the globe. This enhances the reliability of the platform.
- Financial Services Authority regulates it in Seychelles.
- It is registered under the license number SD052.
FX Road trading platform allows you to create specified accounts based on your financial goals and needs. The steps to create an account are:
Step 1: Visit the FX Road official website and discover open an account option.
Step 2: Select the account type that meets your needs.
Step 3: You can choose among account types or open a virtual account.
Step 4: Fill in the required details on the page for your account.
Step 5: Verify your account via mail or code received on your registered number.
Step 6: Complete and add money to your account.
FXRoad offers several types of trading accounts:
- Silver Account: Basic entry-level account with spreads from 2.6 pips and leverage up to 1:200.
- Gold Account: Mid-level account offering more competitive spreads from 2.0 pips.
- Platinum Account: High-tier account for serious traders, featuring spreads from 1.4 pips.
- Islamic Account: Sharia-compliant account with no overnight rollovers.
- Flexibility options at FXRoad are fairly flexible, up to a scale of 1:200 depending on the type of account. This is highly instrumental in allowing traders the usage of higher multiplied positions but increases risk.
FX Road trading platform provides access to a range of trading products. These assets help investors build a better portfolio. The major assets available are:
Commodities
The platform offers CFD trading in metals, agriculture, and energy commodities. Traders can invest in gold, oil, and silver. FX Road provides opportunities for traders to hedge risk.
Forex
The FX Road forex broker is a dedicated forex trading platform that allows access to major, minor, and exotic currency pairs from the global market. It also provides tight spreads and high-leverage options.
Indices
FX Road provides access to global indices from the financial markets. It provides exposure to the market movements. Traders can understand the market with ease.
Cryptocurrencies
The platform provides CFD trading in global digital currencies. It allows trad
- Spreads at FXRoad begin from 1.4 pips for the Platinum accounts and higher for less advanced accounts. No deposit commission is charged and reduces the cost of transactions.
FXRoad provides multiple platform options including:
- WebTrader: Trade from a web browser with no downloads.
- Mobile Applications: There are both iOS and Android platforms which come in the application forms with full trading functionality and operate on the basis of TradingView, offering a richer toolkit for analysis of the markets.
- TradingView Integration: Enhanced charting functions for in-depth market study.
Deposit & Withdrawal
Easy Deposits and Withdrawals
FXRoad supports multiple methods for deposits and withdrawals, ensuring quick and secure transactions. These options include:
- E-wallets
- Credit/debit cards
- Bank transfers
- Apple Pay and Google Pay
Withdrawal requests are typically processed within 24 hours, facilitating prompt access to funds.
Customer Support
24/7 Assistance
FXRoad offers support to all of its users through extra-mile customer care that is actually available 24/7 owing to the geographical worldwide dispersal of the traders. It is support designed for full satisfaction of all the user and ultimate success in every operation performed by every trader. You can get hold of FX Road’s support team via a number of available channels such as:-
- Live Chat: In order to get assisted at the very moment you need it, you can use the live chat feature on their platform.
- Email: All your questions will be answered promptly with detailed responses at support@fxroad.com.
- Phone Support: You can speak with a support representative to discuss your own particular situation.
- Pros
FXRoad is regulated by the FSA, providing a safe and complaint trading environment.
Provide a wide range of instruments like Forex, metals, cryptocurrencies, and commodities for diversifying any portfolio.
You can reach out at any given time through live chat, email, or phone in case you face any problem across the globe.
- Cons
The minimum deposit amount is $250, which may be too high for new beginners.
The platform is well suited towards the MetaTrader 4 variant but has not supported others as extensively, where other advanced variants such as MetaTrader 5 are concerned.
It might charge for withdrawals, which can make it difficult in case withdrawal orders happen frequently.
- FAQ`s
What is FXRoad?
FX Road is a comprehensive Forex trading platform that caters to traders of all levels by offering advanced tools, educational resources, and robust customer support.
Is FXRoad regulated?
Yes, FX Road strictly adheres to regulations set by the Financial Services Authority (FSA), ensuring compliance with international financial standards.
What account types are available at FXRoad?
FXRoad offers various account types to suit different trading needs, including Standard, Premium, and VIP accounts, each tailored with specific features and benefits.
What trading platforms are supported by FX Road?
FX Road supports MetaTrader 4 (MT4), renowned for its comprehensive trading tools and user-friendly interface, as well as a proprietary mobile app for trading on the go.
Does FXRoad provide a demo account?
Yes, FX Road offers a demo account that allows traders to practice with virtual funds in a risk-free environment to hone their trading skills before going live.
What are the deposit and withdrawal options at FXRoad?
FXRoad provides various methods for depositing and withdrawing funds, including bank transfers, credit/debit cards, and popular e-wallets, facilitating easy and secure financial transactions.
What educational resources does FXRoad offer?
FXRoad is committed to trader education and offers a range of resources such as webinars, video tutorials, and eBooks. These materials cover topics from basic trading concepts to advanced strategies, suitable for traders at all levels.