FXRoad Review: The Second Brand on Capitalix’s Licence
FXRoad is operated by 4Square SY Ltd under FSA Seychelles licence SD052. It is the same company and the same licence as Capitalix, which we rate Scam, and the FSA register declares both brands against that one licence. We score FXRoad 3.1 out of 10 on a tier-3 licence with no compensation scheme.
Quick facts
| Legal entity | 4Square SY Ltd |
|---|---|
| Regulator | FSA Seychelles |
| Licence number | SD052 |
| Founded | Unknown |
| Headquarters | CT House, Office 9A, Providence, Mahe, Seychelles (per the site); Office 4B per the register |
| Minimum deposit | $250 |
| Spread from | 0.5 pips |
| Maximum leverage | 1:200 |
| Platforms | WebTrader | Mobile App |
| Instruments | Not Specified On The Website |
| Segregated funds | Not required under the Seychelles regime and not evidenced |
| Website | fxroad.comnot linked: see our verdict |
Why the score is where it is
1. FXRoad and Capitalix are one company on one licence
FXRoad discloses its operator as 4Square SY Ltd, company number 8426168-1, holding FSA Seychelles licence SD052. Capitalix discloses exactly the same three identifiers, and the FSA’s own register entry for 4 Square SY Limited names both CAPITALIX and FXROAD as trade names against that single licence.
We give real credit for that. Declaring your brands on the register is the honest way to run a multi-brand operation, and several licensees do not bother. The consequence, though, is that switching from Capitalix to FXRoad changes the logo and nothing else. Same entity holding the money, same regulator, same absence of a compensation scheme, same commercial terms of 1:200 leverage and spreads from 0.5 pips.
That matters because Capitalix carries a CMF Chile notice and a Trustpilot score that has been suspended for a guidelines breach with fake reviews removed. A reader who has read that review and lands here should know the two are the same firm.
Source: fxroad.com and capitalix.com legal disclosures, and the FSA Seychelles regulated entities list. All checked 2 September 2026.
2. What the licence does not give you
It is a genuine licence from a genuine government regulator, which puts FXRoad ahead of firms quoting a number that belongs to someone else. It is also our weakest tier.
No investor compensation scheme, so a failure leaves nothing behind your balance, against 85,000 pounds per person per firm under the UK’s FSCS and 20,000 euros under the Cyprus fund. No ombudsman with jurisdiction to order a payout. No statutory retail leverage cap, which is what makes 1:200 possible where a UK, EU or Australian retail account is held to 30:1 on major pairs. Segregation is not mandated by the regime and no custodian bank is named, so it cannot be independently confirmed.
3. What we could not verify
We could not access a public review profile for fxroad.com at the time of checking, and we found no regulator warning naming FXRoad specifically. So the complaints pillar is scored neutrally rather than punitively, and nothing in this review claims FXRoad has refused anyone a withdrawal.
The score is driven by structure: a tier-3 licence, no compensation scheme, no evidenced segregation, and no published fee, withdrawal or minimum deposit schedule. If a complaint record emerges, or if the terms are published, the score moves and the changelog records it with a date.
Regulation and licence check
The entity taking deposits is 4Square SY Ltd. Check that name against the payment descriptor on your bank statement when you fund. FXRoad states it does not serve residents of the United States, Canada, the European Union, Japan, Iran, Iraq, Syria, North Korea, Sudan, Myanmar or Russia. The first four are the jurisdictions with leverage caps, negative balance protection, compensation schemes and a complaints route, and staying outside them is what allows the advertised terms.
Costs
FXRoad advertises spreads from 0.5 pips and leverage up to 1:200. It publishes no swap table, inactivity fee, withdrawal fee or minimum deposit that we could find. In this bracket that is where the real cost of an account usually sits, so treat the headline spread as the beginning of the question rather than the answer.
Questions traders ask
Is FXRoad the same as Capitalix?
Yes. Both are operated by 4Square SY Ltd under FSA Seychelles licence SD052, and the FSA register names both brands against that licence.
Is FXRoad regulated?
Yes, by the Financial Services Authority of Seychelles under licence SD052. That is a real licence on a real register, and it is our tier 3: no investor compensation scheme, no statutory leverage cap, no ombudsman.
Has any regulator warned about FXRoad?
We found none naming FXRoad as at 2 September 2026, having checked the FCA, CySEC, CONSOB, AMF, BaFin, ASIC and the Securities Commission of Malaysia. Chile’s CMF has published a notice about Capitalix, the other brand on the same licence, but that notice names Capitalix rather than FXRoad.
What happens to my money if FXRoad fails?
There is no compensation scheme covering Seychelles-licensed firms, so nothing is guaranteed, and segregation cannot be independently confirmed.
Sources
- fxroad.com legal disclosure: entity, company number 8426168-1, licence SD052, address, leverage, spreads and restricted jurisdictions. Checked 2 September 2026.
- FSA Seychelles, regulated entities, capital markets: 4 Square SY Limited listed with trade names CAPITALIX and FXROAD. Checked 2 September 2026.
- FSCS and Cyprus ICF compensation limits and FCA, ESMA and ASIC retail CFD leverage rules, used for the tier comparison.
Answered in detail
Safer alternatives
Rated Trusted or Neutral against the same six pillars. These link to our own reviews, not to the brokers, and no broker can pay to appear here.