What Account Types and Fees Does FXRoad Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Silver Account |
Beginners |
Minimum spread from 2.6 pips, 0% deposit commission |
Suitable for small-capital practice |
| Gold Account |
Intermediate Traders |
Minimum spread from 2.0 pips, 0% deposit commission |
Requires some trading experience |
| Platinum Account |
Experienced Traders |
Minimum spread from 1.4 pips, 0% deposit commission |
Ideal for high-volume trading |
| Islamic Account |
Traders adhering to Islamic finance |
No overnight rollovers, 0% deposit commission |
Must comply with Islamic finance principles |
Account Opening Process
To open an account with FXRoad, prospective traders need to follow several straightforward steps. Initially, they must submit personal information, including their full name, email address, and phone number. Following this, employment details and financial information must be provided to ensure the broker understands the trader’s financial background and trading experience. Additionally, identity verification is a crucial step, requiring the submission of a government-issued ID and proof of address, such as a utility bill or bank statement. FXRoad offers flexibility in account management, allowing traders to upgrade from a standard account to a professional account later on if their trading volume qualifies them for such an upgrade.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
0.9 |
$0 (ECN: $3.5/lot) |
Competitive for minor pairs |
| CFDs (Stocks) |
1.0 |
$0 |
No commission on stock trades |
| CFDs (Indices) |
1.5 |
$0 |
Varies by index |
| CFDs (Commodities) |
2.0 |
$0 |
Standard spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
When trading with FXRoad, traders should be aware of additional costs beyond spreads and commissions. Deposit and withdrawal fees may apply depending on the payment method selected, and there may be inactivity fees for accounts that remain dormant for extended periods. Additionally, while there are no platform usage fees, traders should consider overnight interest charges (swap rates) on positions held overnight. Currency conversion fees may also be applicable for accounts operating in different currencies.
