FXRoad Broker Review 2024: is FXRoad Good?

There are many areas to look into in order to assess whether a broker is good. In the following, we look into the below areas to assess if FXRoad is a good broker:

• Regulations
• Account types
• Platforms offered
•  Fees and commissions
• Available assets
• Customer support
• Deposit and withdrawal options

Is FXRoad Regulated?

FXRoad is regulated by the Seychelles Financial Services Authority (FSA), ensuring a secure trading environment. Client funds are kept in segregated accounts, separate from the broker’s operational funds, safeguarding clients’ assets from any misuse. 

FSA License number: SD052
Registered Address: CT House, Office 9A, Providence, Mahe, Seychelles.

Account Types Offered

FXRoad offers a variety of account types tailored to different trading needs and experience levels. From micro accounts ideal for beginners to advanced accounts with competitive spreads and higher leverage for experienced traders, each account type includes clear details on minimum deposit requirements, commission rates, and any trading restrictions, allowing traders to select the best fit for their strategies and financial capabilities. 

What Trading Platforms are supported?

FXRoad supports the following:

• Webtrader: this is an effective solution for those who prefer to trade from home due to its web-based functionality. The platform operates entirely within a web browser, eliminating the need to download any application or software. With just a few clicks, you can access all the essential trading tools and start trading within minutes.
• iOS app: For Apple iPhone and iPad users, FXRoad offers a comprehensive trading solution that leverages powerful features both at home and on-the-go. Our iOS app provides full control over your trading activities from the very first trade, thanks to its user-friendly interface and strong security measures.
• Android app: For Android users, FXRoad provides an effective trading solution with its Android app, allowing you to manage your trading activities from anywhere at any time. The app ensures you are always prepared to take advantage of trading opportunities. Additionally, you can enable market notifications on your device to stay informed with the latest news and updates.

What are the Fees on FXRoad?

FXRoad is transparent about its fee structure, offering competitive spreads that vary by account type, with more favorable conditions for higher-tier accounts. Commission rates are clearly outlined for different instruments, allowing traders to effectively plan their costs. Potential fees such as inactivity charges and withdrawal costs are openly disclosed, helping traders avoid unexpected expenses.

For a full detail about their fees, read more on each account type.

What Assets are Available on FXRoad?

FXRoad provides a wide array of trading instruments, catering to all types of traders. Clients can trade various Forex pairs, including majors, minors, and exotics, as well as CFDs on commodities, indices, stocks, and cryptocurrencies. This diverse selection allows traders to diversify their strategies and capitalize on market opportunities across different asset classes.

Customer Support for FXRoad  

FXRoad offers robust customer support, available via live chat, email, and phone support 24/5. The support team is known for its responsiveness and ability to handle inquiries in multiple languages, ensuring that all clients receive timely and effective assistance.

Deposit and Withdrawal Options

FXRoad offers a variety of secure deposit and withdrawal methods, including major credit cards, e-wallets, and bank wire transfers. All transactions are processed within reasonable time frames, typically within 5 to 7 business days, depending on the method used. Transaction fees are minimal and clearly outlined on the broker’s website, allowing traders to manage their funds efficiently.