The operator of fxroad.com is a company registered in Seychelles. It positions its platform as regulated and transparent for clients. Meanwhile, the site has no information about the date of the company’s creation or its founders. As for the domain, it was registered in 2011 and updated in 2023. Please note that FXRoad claims to have an FSA license, but does not mention any other documents. Would you like to open a trading account here? Are you confident in safe trading on this platform? Read our review before you decide to cooperate with it.

Trading Conditions

The brokerage firm offers clients access to over 350 assets on the Webtrader platform. Apparently, it is a fork or customized solution of the well-known TradingView platform — at least that is what is hinted at on the website. A proprietary FXRoad app for iOS and Android is also advertised (without any download links), but we couldn’t find anything similar in the app stores.

In terms of assets, there is nothing unique. You can trade CFDs on currencies, commodities, cryptocurrencies, stocks, and indices, for a total of about 350 instruments. There is some laxity regarding the trading conditions on the site. If you examine the homepage, the all trading accounts section, and the specific account page, you will find different minimum spread values everywhere. Moreover, spreads (their average or raw values) are not indicated in any way in the Contract Specifications table.

Overall, FXRoad definitely offers the following trading conditions:

4 account types, one of which is Islamic.
The entry threshold is $250.
Leverage up to 1:200.
Zero commission on deposits.

Obviously, you can find out the minimum deposit amount for all tariffs only after account registration, as these parameters are not publicly available on the website. The broker provides clients with a virtual account with a balance of $100,000.

It’s claimed there are no fees for withdrawals, other than any fees charged by payment systems. However, FXRoad sets withdrawal times of 5 to 7 business days, which is excessive.

Finally, there are weak and not-updated analytics in the form of charts on TradingView. In addition to English, the interface supports Portuguese and Hindi, consistent with phone numbers in Brazil and India. There’s also an online chat and semi-abandoned social media accounts: updates are irregular, and the number of followers is in the several hundreds.

FAQ

Would investing in FXRoad offer the best returns?

Working with this company will inevitably lead you to financial losses rather than profits. This is risky CFD trading, which is restricted in the EU and banned in the US due to the high risk of capital loss.

Does FXRoad carry out withdrawals?

It is unlikely that you will even be able to recover your invested funds. Many clients were unable to do this, which they write about in the comments, so they do not intend to continue trading here. Share your experience with us.

May I be scammed on fxroad.com?

Despite a valid license from the Financial Services Authority Seychelles, this project is high risk. The company hides its founding date, and the services it provides are poorly described and completely anonymous.

What's the best way to share my experience with FXRoad?

Fill out the form and we'll make sure your voice is heard.

How can I tell if this is a fraudulent company?

Do your own research and never believe those who promise you easy money.

Written by Daniel Hughes

Daniel Hughes, a forex analyst, writes reviews of brokers, checking licenses, trading conditions, and hidden commissions. He helps novice traders see the difference between real companies and malicious scams.

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Criteria

Jurisdiction: Offshore

License: FSA

Leverage: 1:200

Broker type: DD

Demo account: Yes

Affiliate program: Not indicated

Minimum deposit: 250$

Trading platform: WebTrader

Assets: Forex, CFD

18 reviews about FXRoad

Paulo
February 8
Here's how it was
The analyst kept insisting and persuading me to top up my account, saying I could make big money but it wasn't as easy and straightforward as he initially made it out to be. I was sure that without experience it's not worth risking and investing large sums and didn't want to. My manager didn't care...... almost everything was lost and they refused to withdraw the rest and they never contacted me again
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Garfield Meza
November 13
AWARE!
FXROAD is hell! These scammers closed my account without explanation, just blocked it. They said I violated some of their rules, even though I didn't. I lost $1,000 and have no way to get my money back. The platform is a complete disappointment, it constantly freezes and the spreads grow by leaps and bounds. Stay away from this broker!
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Rosanna
March 17
I was extremely dissatisfied with the work of the broker
In particular, I am not satisfied with the work of the server platform.As a result of the terminal freezing on one of my positions, an unpleasant surprise occurred, which resulted in the loss of $680. I should note that the staff did not want to talk to me about any compensation. After this case I firmly decided to leave and never return to these crooks!!!
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Mr. Snyder
March 13
A decent brokerage company with an average term of operation
I can't say that this is some big broker that is particularly popular, no, but I can definitely say that it is safe and reliable. Trading conditions are adequate at FX Road, and judging by the entry threshold, the team is focused more on premium clients rather than everyone. However, this is their business and it's up to them to decide how to deal with their clients. The leverage here is high, I think the pros will appreciate it, but I don't advise beginners to even try it. In general, this platform is modern, with all the necessary functionality, and it is adapted for smartphones. Thus, there are many positive points, but there is nothing special that I can particularly criticize.
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T. Fisher
March 11
It took me a long time to choose a broker and I made a mistake
I came to the conclusion that the conditions here are the most suitable for me: demo account, acceptable entry threshold, limitation of available leverage, which means fewer risks, as at leverage 1:1000 there are 5 times more risks than at 1:200. In addition, there is support via online chat, as well as a top-of-the-line terminal, and overall the platform looks very good. FXRoad brags about its FSA license. However, what I didn't realize was that the whole thing was just a fake. There are no licenses or offices here, and the terms and conditions are the most ordinary and no different from other brokers' offerings. I should have done a fact-checking, but I didn't, so I invested 2.6 thousand euros in a non-existent brokerage company. And now I can't get this money back from fxroad.com. I am writing a review about my experience only because I want to help other people not to fall into this brokerage trap created by scammers. Do not repeat my mistake, but consider other people's experience and it will save you money.
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Esther Anderson
March 8
Primitive software
I just registered to check out the platform and client portal. However, it never got to the point of making a deposit with fxroad.com, and here's why. This company offers a very poor trading platform, without any innovation. At the same time, the terminal, although it has some minimal features, is very much inferior to metatrader. I will not go into details, but the platform of this miserable broker is suitable only for opening and closing orders. Nothing more. That is why I am writing a negative review and recommend you not to get in touch with trading with this pseudo broker. My opinion is that they are crooks who just extort money out of people and then cheat their clients.
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Denise C.
March 7
Some advantages
The service of this company pleases with low prices. You do not need to pay for anything. While other brokers charge all sorts of fees for account maintenance, as well as for opening an account. However, Fxroad has no such thing. You only pay for expenses during trading, nothing else. This is the most usual intermediary. As for technical problems, there are no problems on the platform either, everything works fast and stable. I did not notice any problems with withdrawal of money either. The security service does not ask you anything unnecessary, they do not require confirmation of the origin of the money. There are zero bad situations here: slippages as well as requotes are absent. This is almost a perfect broker 🙂 although there are some minor disadvantages, but it happens to absolutely everyone.
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S. Lloyd
March 4
How can you trust money to these scam artists?
This company has no license and completely lacks other reliability factors. Therefore, if I were you, I would immediately forget about the existence of such a scam broker. Also, the company has no insurance, it has no reputation of a serious partner, no offices, no bank details, no registration documents. This scam is not even close to adequate and long-established companies. So what is the point of you investing money here?
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Elmo Wilkinson
March 3
You can easily lose your deposit here
If you make a deposit at fxroad.com, you can forget about this money, as the scammers will immediately misappropriate your funds for themselves. And the fact that they are notorious swindlers and outright fraudsters is clear right away. This is indicated by a recently purchased domain, few reviews on the Internet, a fake license, which actually belongs to another organization engaged in asset management, not brokerage services. This also includes fake data on the number of clients and other statistics, which were also successfully invented by these fraudsters in order to attract the attention of illiterate Internet users and gullible novice traders who are unable to analyze information and think critically. So, fellow traders, if you are interested in the FXRoad platform, you will quickly lose interest in it. Because, except for fraud, there is nothing else here. And why would you give your money to some anonymous criminals?
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Brandon L.
February 18
I feel like an idiot to be honest
I fell for a scam called FXROAD. Remember the name, this is where they steal money from clients. It's not trading, it's a casino. The terminal is set up by the broker the way these crooks want it.
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Leslie Adams
February 12
I lost here 13k euros due to the fault of scammers
I did not expect from such active managers that they will turn out to be scoundrels and steal my money!!!!
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Derek West
February 7
Disgusting service!
I can provide proof of how FXRoad fixes profitable orders and stop losses on their terminals, and loss trades are always executed clearly and without fail... I lost more than 870 dollars in 3 weeks because of these bugs, and now I can't withdraw the remaining funds...
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Mr. Richardson
February 6
I want to share my experience of working with this broker
I chose this broker on the FOREX market after much thought and market analysis, hoping for a stable and calm trading process. However, my expectations were cruelly deceived. It turned out that Fxroad's support team is very slow and seems to have no desire to solve clients' problems. The platform often lags, which makes trading very difficult. There have also been serious problems with withdrawals - my requests were ignored for weeks. I am deeply disappointed with my interactions with this company.
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Casey
February 4
You better not get involved in such a scam
It is undeniable that it is a scam, so what's the point of investing money here, right? Besides, FXROAD lists a legal address in Seychelles, it's a dirty offshore location where mostly fraudulent pseudo companies are registered. At the same time, it is surprising that I did not find such a broker in the FSA register. Apparently, FXROAD was once registered there, but it was removed from the register. So, draw a conclusion, can you trust the broker after that, or is it better not to take any risks? I think the answer is quite clear and logical.
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Puma85
February 2
I am genuinely surprised that this firm still exists!
I traded with them a year ago, but I didn't last more than 3 months as the support staff here is very mediocre. Then I tried to withdraw my deposit and profit of about 7,200USD, but they started telling me about payment restrictions and trading violations... It's a real bubble that squeezed my money and refused to give it back!
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Graham
February 1
These are the real scammers!
They work without a license, I checked, but unfortunately only after my $3,760 disappeared from my account, as if the money fell into a black hole :( It turned out that there are no guarantees here, no security for your funds. This is a crime and I will definitely get these crooks to court!
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Edward Arnold
January 15
I liked this company right away
My intuition told me that I could trade on this platform and be successful, make money and enjoy the profits. And so it turned out to be in fact. FXROAD allows you to trade your favorite strategy without interfering with your work. At least that's my experience so far, although I haven't traded here for very long and I don't have much experience to speak 100% truth, but I do trust FXROAD with good money, over 16,000 USDT. So far everything is going well. I am calmly trading forex, profits are increasing, although losing trades happen. However, stop losses are executed instantly, without any delays or slippage. If you are afraid, then don't invest your capital here, I understand your concerns. Meanwhile, I trust this company despite the fact that the minimum deposit seems high to some newbies.
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Houston
January 15
I have been working with this broker for several years now
Everything was relatively good before. Yes, there were not always favorable conditions for some currencies, sometimes the conditions were very unfavorable. However, there were constantly problems over the last two years. Either the platform crashes, or assets disappear from access, or execution slows down so much that it’s just a nightmare! I sent a withdrawal request - the second week is already passing and there is no money. I hope that I will wait for the return of my investment and say goodbye to FX Road forever!
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