4 Square SY Limited Account Types & How to Open

FXRoad, operated by 4 Square SY Limited, offers a tiered account structure designed to cater to traders of varying experience and capital levels. In FXCanary’s review, we identified four core account types: Silver, Gold, Platinum, and Islamic (swap-free). Each tier adjusts the minimum deposit, spreads, and additional perks, while maintaining a uniform maximum leverage of 1:200 across all account types.

This structure is fairly typical for a Seychelles-regulated broker aiming to serve both novice and more demanding clients. However, we note that FXRoad’s regulatory status under the Seychelles Financial Services Authority (FSA) as a Securities Dealer provides a lighter regulatory framework compared to top-tier bodies like the FCA or ASIC. Traders should therefore weigh the account benefits against the inherent jurisdictional risks.

The accounts are all CFD-based, giving access to forex, indices, stocks, commodities, and cryptocurrencies. While the broker promotes a “tailored” experience, our analysis indicates that the main differentiators are spreads, swaps, and minimum deposits—rather than distinct exclusive features. We’ll examine each level in detail below.

FXRoad’s Silver account is positioned as the entry point, requiring a minimum deposit of just €250. Spreads start from 2.4 pips (we observed slight variation across the broker’s pages, with some indicating 2.6 pips, so traders should confirm the current level directly). Commissions on deposits are zero, and the account provides full access to the WebTrader platform and educational materials. It suits beginners who want to test the waters with limited capital.

The Gold account steps up with tighter spreads from 1.8 pips, while maintaining the same €250 minimum deposit and leverage. This tier appears intended for traders who are transitioning from a beginner stage and seek lower trading costs without a higher financial barrier. Like Silver, it charges no deposit commissions.

At the top is the Platinum account, requiring a €250 minimum deposit as well but offering spreads from 1.4 pips on major FX pairs. Additionally, Platinum traders receive a 50% discount on swap rates compared to the Silver account, which can be a meaningful cost saver for those holding positions overnight. Dedicated support is available 24/5. This tier targets experienced, high-volume traders who can benefit from the reduced trading costs and enhanced service.

FXRoad also provides an Islamic account variant, which is swap-free to comply with Sharia law. While the broker’s website does not detail the precise mechanics, standard practice would involve administrative fees in lieu of swaps after a certain holding period. Traders should request the full terms before opening such an account.

FXCanary’s review notes that the Islamic account is likely available across the Silver, Gold, and Platinum tiers, though this should be confirmed with customer support. The broker’s terms and conditions document (available on the site) likely covers the conditions, and we recommend reviewing it thoroughly to avoid unexpected charges. For traders requiring swap-free trading, this option is a welcome, though not unusual, feature.

All accounts share a uniform minimum deposit of €250, which is relatively accessible by industry standards but not the lowest we’ve seen. This single threshold simplifies the choice of account tier—it’s not the deposit that determines the level, but rather the trader’s preference for spread tightness and additional benefits.

FXRoad supports account currencies in EUR and USD. The currency used for funding must match the account’s base currency; if you wish to change it, you must contact customer support. This limitation may cause conversion fees for traders depositing in other currencies, so it’s worth checking with your payment provider.

While the €250 minimum is clear, we found no information on maximum deposit limits or account funding tiers—something high-net-worth individuals might want to clarify before opening a Platinum account.

Leverage is capped at 1:200 for all FXRoad accounts. For a Seychelles-regulated broker, this is within the flexible norms of that jurisdiction, where there are no statutory leverage caps like those imposed by ESMA (30:1 on major forex pairs) or ASIC. While high leverage can amplify gains, it equally magnifies losses, and FXCanary’s overall risk score of 40/100 for this broker reflects the combination of light regulation and high leverage.

Traders must recognise that none of the account tiers offer any form of negative balance protection by default—something that is mandated by stricter regulators. We could not verify if FXRoad provides such protection voluntarily. Therefore, even with a small deposit on a Silver account, a leveraged position can quickly erode capital. Risk management tools like stop-loss orders are available on the platform, but their effectiveness depends entirely on market conditions and execution speed.

Spreads are variable and tiered. The Silver account starts from 2.4 pips, which is on the wider side for EUR/USD—a pair where many brokers offer spreads below 1.5 pips. The Gold account improves this to 1.8 pips, and Platinum to 1.4 pips. All spreads are stated as starting figures, meaning they will widen during news events or illiquid periods.

Notably, there are no trading commissions charged on any account—the broker’s revenue derives from the spread markup. The absence of a separate commission simplifies cost calculation, but traders should compare the effective spread-plus-wrap costs to ECN or raw-spread models common elsewhere. The Platinum account’s 50% swap reduction on positions held overnight can add up for swing traders, but we advise checking the specific swap rates (long/short) for your chosen instruments, as these vary.

FXRoad offers a proprietary WebTrader platform, accessible via browser with no download required. The platform integrates TradingView-powered charting, which provides a familiar interface for many traders and includes a wide range of indicators and drawing tools. Mobile apps for iOS and Android are also available, ensuring on-the-go access.

A demo account is offered, a feature we consider essential for testing the platform and trading conditions before committing real funds. The demo likely mirrors the live account environment in terms of spreads and execution, though this is not confirmed.

We did not find support for MetaTrader 4 or 5, which may disappoint traders who rely on custom indicators or automated strategies. The WebTrader, while functional, might not satisfy advanced algorithmic traders. Educational resources appear to be standard fare—basic articles and platform guides—but nothing that would classify as tier-specific education.

Opening an account with FXRoad follows typical online procedures. You’ll need to fill out a registration form on the website, providing personal details, and then verify your identity and address. As a regulated entity, the broker is required to perform KYC checks, though the exact documentation requirements are not detailed publicly.

In FXCanary’s experience with Seychelles brokers, you can expect to submit a clear copy of your passport or national ID, and a recent utility bill or bank statement as proof of address. Phone verification or a selfie with ID may also be requested. The process is usually completed within 24–48 hours, but delays can occur.

Once verified, funding can be done via credit card, bank transfer, or possibly e-wallets—the broker’s FAQ mentions credit card deposits as instantly available, but we found incomplete information on other methods. Withdrawals are said to be processed within a reasonable timeframe, but the specific timeline is not published. Traders should confirm withdrawal conditions before depositing.

FXRoad’s account lineup is straightforward but lacks innovation. The Silver account is a sensible starting point for cautious beginners, while the Platinum tier offers genuine cost savings for active traders, yet the €250 minimum deposit makes it easy to access—almost too easy, given the risks. The absence of tiered leverage or additional protections means that a novice could potentially misuse high leverage on a Platinum account.

We appreciate the swap-free Islamic option, but the broker’s regulatory thinness (Seychelles FSA) and our guarded risk score of 40/100 should give pause. For traders accepting those jurisdictional constraints, the account structure is transparent and fee disclosures are relatively clear, though we’d like to see more detail on non-spread costs and execution quality.

Ultimately, FXRoad suits traders who prioritise a simple, low-minimum account with a capable web platform and are comfortable with a Seychelles-based broker. As always, we recommend starting with a demo account and a small live deposit to test withdrawal reliability before committing larger sums.