FXRoad Does the broker's name not withdraw funds?
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FXRoad
FXRoad
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Website Address https://www.fxroad.com
Email support@fxroad.com
Founded Date Operating since 2023
Head Office CT House, Office 9A, Providence, Mahé, Seychelles
Support Phone +5561947565589

FXRoad presents itself as a broker registered in the Seychelles. In the footer of the official website fxroad.com, the legal address is listed as CT House, Office 9A, Providence, Mahé, Seychelles. The company claims to hold a license from the local financial regulator FSA (Financial Services Authority). The exact date of establishment is not disclosed, but according to the broker, the license was issued on June 16, 2023.

To contact FXRoad representatives, users can use the online chat on the website or send an email to support@fxroad.com. In addition, the following phone numbers are provided:

  • Brazil: +55 61947565589

  • India: +91 1171279109

FXRoad

Account Registration on fxroad.com

To open an account on the FXRoad brokerage platform, a client must complete the registration process by providing the following information:

  • full name;

  • contact details;

  • residential address;

  • date of birth;

  • passport number;

  • source of income;

  • deposit amount.

The trader is also required to submit documents verifying their identity, such as a driver’s license or an international passport.

Available Markets and Trading Platform of FXRoad

The brokerage company FXRoad claims to provide access to trading with more than 350 types of assets in the following categories:

  • stocks;

  • digital tokens;

  • energy resources;

  • precious metals;

  • stock indices.

They also promise the ability to trade Contracts for Difference (CFDs). For conducting trades, the company offers a universal web-based platform that operates through internet browsers. Additionally, there are separate mobile applications. Analytical data and a news section are also available.

Trading Accounts of the Broker FXRoad

The FXRoad broker allows demo trading, where users can request up to 100,000 virtual USD. As for real trading, clients can choose from the following types of trading accounts:

  • Silver – spreads from 2.6 pips, leverage up to 1:200.

  • Gold – spreads from 2 pips, with access to a wider range of assets.

  • Platinum – spreads from 1.4 pips, with premium service.

  • Islamic – a halal trading account.

FXRoad

Depositing Funds and Withdrawing Money from FXRoad

To deposit funds with the FXRoad brokerage, clients can use both cryptocurrency wallets and bank cards. The same methods are available for withdrawals. However, information regarding limits, fees, processing times, and other details should be clarified directly with the company’s support team.

Brief Conclusion about FXRoad 

The FXRoad brokerage does not disclose information about its management team and does not publish sufficient, clear documentation. Although the company claims to hold a license from the Seychelles Financial Services Authority, this regulator does not have a strong reputation. Therefore, traders should be aware of the potential risks. It is also advisable to read client reviews about FXRoad.

Frequently Asked Questions

The overwhelming majority of brokers are scammers. Traders can identify illegitimate ones by using free online resources. It is essential to verify the company's registration, the licensing of its services, and its operational history. It is also important to assess the completeness and authenticity of contact information and the transparency of trading conditions.

You can consult specialists who can help evaluate the broker and identify signs of fraud, and if necessary, assist in opening an account with a reliable service provider. A knowledgeable and comprehensive approach will help avoid negative trading experiences.

First and foremost, pay attention to the content of the comments. Excessively emotional opinions without specifics may indicate paid content. Additionally, a broker's positive reputation may be indicated by mass activity on a single online portal or forum. Another sign of fake reviews is their formulaic nature. Such comments are filled with general phrases and advertising slogans. Fraudulent projects use paid content to confuse traders and lure them into cooperation.

It is important not to fall for the tricks of company representatives. This can lead to additional financial losses. With legitimate brokers, withdrawing funds is a free service that is not subject to any fees such as insurance, taxes, commissions, etc.

If you need assistance in withdrawing capital, it is advisable to consult specialists. Timely consultation with experts can help achieve positive results and withdraw funds from the brokerage account.

In the case of scam brokers, account blocking may be related to a simple refusal to withdraw funds. Clients are accused of violating agreements, money laundering, technical work on the platform, etc. Such manipulations are aimed at depriving traders of the ability to withdraw capital.

When a brokerage account or personal account is blocked, it is better to use the services of professionals . Depending on the reason for the blockage, experts can find the optimal solution to the problem.

The reasons for the inactivity of a brokerage company's presentation portal can vary widely. Blocking due to numerous complaints, cessation of project activities, inclusion in the blacklist of trading platforms — all of this can lead to access issues to the broker's site. Additionally, unstable internet connection and browser restrictions can cause improper functioning of the resource.

If the official broker's website does not open, seek help from experts. They will advise on any questions and provide recommendations for further actions.

First and foremost, it is important to ensure that there are no assets in the account and no debts to the broker. If there are instruments in the investment portfolio, they should be sold, and you should wait for the settlements to be completed. After that, you can submit a request for the withdrawal of funds and the closure of the brokerage account.

If the broker refuses to fulfill requests, it is better to consult experts. They can assist in closing the brokerage account and recovering funds through chargebacks . When preparing to dispute transactions, it is necessary to gather all available evidence of cooperation with the project. This will help increase the chances of successfully initiating refunds.

Reviews aboutFXRoad 2

I came to the FXRoad broker with 200 dollars and followed my own strategy — it was going great, my balance was increasing. The manager didn’t like that and said that I had to keep at least 5,000 dollars on my balance. I refused, and we agreed on 1,000 dollars. That idiot immediately opened two losing trades on my behalf, and my balance became zero. The company refused to compensate the loss. Outrageous!
1
Thomas rhe consultant was not only an amateur but also behaved terribly. During the conversation, he kept interrupting me and raising his voice. I was shocked. How can a serious company treat its clients this way???
1

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