FXROAD review

Fxroad is an international CFD broker that offers traders access to over 350 different market instruments in a variety of markets. These include forex currency pairs, shares, commodities, cryptocurrencies, and more. To trade these market products, this broker provides traders with a user-friendly platform with robust functionalities. In this Fxroad.com review, we will look at the various features of this broker to see what it has to offer to its traders. We will particularly look at the broker's collection of market products, its trading platform, the spreads it offers, and its regulation and credibility. Let’s jump in.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from FXROAD review

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Trading Platform on FXRoad

The trading platform that a trader uses in the market is crucial. It can make or break a trader's trading experience. Fxroad.com offers its traders only one trading platform, FXRoad. This platform is an in-house built platform that is available on a variety of platforms. This is because the trading platform is available as a WebTrader, meaning it can be accessed from any device connected to the Internet. On top of that, the broker provides traders with a mobile trading app version of the platform that is available on both iOS and Android devices. Notably, the web-based version allows traders to access a variety of trading tools with just a few clicks. It has advanced charting capabilities powered by TradingView. This allows traders to access custom charts, indicators, and other top-tier tools found on TradingView. Further, the company boasts an easy-to-use platform that is suitable for traders of all experience levels.

Assets Available On FXRoad

FXRoad offers its traders plenty of trading opportunities. This broker gives its clients access to over 350 different CFDs on a variety of markets. Here is a review of the different market categories investors have access to on this broker site.

• Forex - Fxroad allows its traders to buy and sell various currency pairs that include majors, minors, and exotics.
• Indices - Traders also gain exposure to indices trading with options ranging from popular indices to more obscure ones.
• Metals - Another asset class that investors can trade on this broker site is the metals class. Here, traders can buy and sell various precious metals.
• Commodities - Further, traders can invest in a variety of assets in the commodities asset class. These include assets such as gold and oil.
• Shares - Fxroad allows its traders to speculate on the price movement of a variety of shares.
• ETFs - A variety of exchange-traded funds are availed by FXRoad to its clients.
• Cryptocurrencies - Finally, traders can invest in a variety of cryptocurrencies like Bitcoin alongside others.

FXRoad Fees and Spreads

The fees that traders pay while investing play a huge role in the trading experience. On the FXRoad trading site, the spreads that traders access depend on the account they choose to trade on. There are four different trading accounts available for traders to choose from. These include the Silver, Gold, Platinum, and Islamic accounts. The Silver account offers traders spreads that start from as low as 2.6 pips for major currency pairs with no commission paid. On the other hand, the Gold account offers slightly lower spreads from as low as 2.0 pips on major currency pairs with no commission required. Further, the Platinum account offers traders the lowest spreads that start from as low as 1.4 pips for major currency pairs with no commission paid. Note that all the three trading accounts charge traders an overnight fee for positions left open overnight. However, the Gold and the Platinum accounts offer traders a discount on overnight fees. The Gold account offers traders a 25% discount on swap fees while the Platinum account offers traders a 50% discount on swaps. Better yet, the Islamic account allows traders to invest without paying swap fees. This means that positions held overnight will not incur any rollover fees. However, the spreads on this account are slightly higher starting from 4.0 pips for major currency pairs.

FXRoad.com’s Credibility

Above everything, it is important to consider the credibility of a broker before investing your hard-earned cash. The safest bet for traders is to only invest with companies that have regulations from recognised organisations. Fortunately, FXRoad is regulated by the FSA in Seychelles. While this is not the strongest regulator in the market, it is better to trade with a licensed broker than one without any regulations. Moreover, this broker has a great rating online. On Trustpilot, it has a rating of 44.3 stars out of 5 which is impressive. It signifies that most of the traders on this platform enjoy its services. Additionally, the broker replies to most of the reviews, good or bad. This shows that the company cares about customer feedback.

FXRoad.com’s Customer Support

For any company dealing with people’s money and investments, customer support is crucial. Clients want to know that they can reach the company with any questions or worries they have. Fxroad.com provides its traders with 24/7 customer support that is available via Live Chat, Email, and Phone for some regions. Traders can email the staff using the email support@fxroad.com. Further, traders in India can call customer care via the line 911171279109 and traders in Brazil can call via 5561947565589.

Final Verdict

Overall, Fxroad.com seems like a decent option for traders offering a diverse range of market instruments across various categories. Additionally, it offers traders a user-friendly platform that is available on a variety of devices. Moreover, it comes with a plethora of trading tools to help traders in technical analysis and other activities. On another note, it offers traders various accounts with different spread profiles. This allows traders to pick the account that they are most comfortable with. With oversight from the FSA in Seychelles, Fxroad.com strives to provide a reliable and satisfactory trading environment.