This is an archived reading from Sep 8, 2026. It is not the current one, and FXROAD.com may have changed these documents since.Read the current report

Wikilix
Contract reading

What FXROAD.com legally published, but does not want you to read

Every clause below was published by FXROAD.com itself, on its own website, on the day we read it. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. This is what they said on .

Contracting entity: 4 SQUARE SY LIMITED

sole discretionhidden feewithdrawalsdormancykyc freezeprofit voidingbonus lockcountry restrictiondeemed acceptanceforum waiver

4 SQUARE SY LIMITED, trading as Capitalix and FXRoad, allows a deposit fee of 3% plus 0.25 while its own payment page marks every method FREE. Ask for your money back in your first 30 days and the contract calls your account dormant, then charges a dormancy fee before approving the withdrawal. You get two days to object to a trade before it binds you. Capitalix can void profit on suspicion alone and can reprice an order it has already executed.

Back to FXROAD.com

Contract risk

Money at risk
8.0/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
10
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
15
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
20
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
3

How the 15 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical10
Warning4
Notice1

section 200 of 203is where the deepest clause sits: the very end of the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

4 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical30 daysFee on an unused account. Jump to the clause this comes from.Asking to withdraw early makes your account dormantCritical3%Fee you were not shown. Jump to the clause this comes from.Deposit fee of 3% plus 0.25 against a page marked FREECritical2 daysTime to complain. Jump to the clause this comes from.Two days to object or the trade is bindingCritical7 daysIn the contract. Jump to the clause this comes from.Islamic account is swap free for only seven days

What the documents say

15 clauses worth knowing about, worst first, each quoted from FXROAD.com's own files

01

Ask for your money back in the first 30 days and Capitalix treats the account as dormant, which starts a monthly fee. Clause 7.6 charges that fee before it approves your withdrawal.

In plain words

Dormancy means an account left unused.

Why this matters

You are penalised for the one thing a new client is most likely to do, which is test whether the money comes back out. The charge lands first and your withdrawal is approved after it.

Exhibit 1CriticalRarely seen30 days

Any new Trading Account for which the client requests a withdrawal before the first 30 calendar days of its operation, will be considered by the Company as being Dormant Account and will be subject to a dormancy fee as per the table below:
Clause 22.1 in Terms and Conditions, p.44
Downloaded from the broker's site on Open the reference

What it costsA client deposits 250 EUR and asks to withdraw on day 20. The first band of charges is 30 EUR a month, taken before the withdrawal is approved.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must treat retail clients fairly and disclose costs before the client trades. This contract makes a withdrawal request in the first 30 days a trigger for a fee.

FXROAD.com is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingDormancy fees for real inactivity are common. Treating a withdrawal request inside the first 30 days as dormancy is not: it turns an inactivity charge into a charge for wanting your money back, and the two have nothing to do with each other.

  • Same clause as Exhibit 2The same clause sets the fee table that an early withdrawal request drops you into.
  • Worse together with Exhibit 10The dormancy charge is also netted off money returned to a client who fails the document checks.
02

The Deposit and Withdrawal Policy lets Capitalix charge 3% plus 0.25 on every deposit, on top of what you send. Its own payment methods page marks card, SWIFT and SEPA deposits FREE, and the FXRoad account pages advertise 0% deposit commission.

Why this matters

You can be charged for paying money in after reading a page that told you it was free. On a 1,000 deposit that is 30.25 gone before your first trade.

Exhibit 3CriticalHarder than usual3%

The Company at its discretion may charge a 3% plus 0.25 cents fee per deposit which includes payment service provider and handling fees which will be paid by the Client additionally to the deposited amount.
Clause 2.1 in Deposit and Withdrawal Policy, p.2
Read from the broker's site on Open the reference
Our own capture of fxroad.com, taken on Sep 8, 2026The claim, on FXRoad account types page, listed as a feature of all four accountsVisit this page on the broker's siteDownload the full size image file

Where it sits: section 9 of 39 in the Deposit and Withdrawal Policy, near the start.

What it costsA 1,000 card deposit carries 30 in percentage fee plus 0.25, so 969.75 reaches the account.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client the total cost before they commit, and marketing has to match the contract. Here the fee sits in clause 2.1 of the payment policy while the public payment page shows FREE.

FXROAD.com is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

03

Clause 10.16 makes every trade confirmation binding on you unless you object in writing within two days. Clause 17.2 does the same to account statements, counting two calendar days from the deemed date of receipt rather than the day you read it.

In plain words

A manifest error means an obvious mistake by the broker.

Why this matters

Miss two days and the trade stands, whatever went wrong. A weekend away is enough to lose the right to challenge a fill, a swap charge or a fee on your statement.

Exhibit 5CriticalRarely seen2 days

Confirmations shall, in the absence of manifest error, be conclusive and binding on the Client, unless the Client places his/her objection in writing within two (2) days.
Clause 10.16 in Terms and Conditions, p.22
Downloaded from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give retail clients a real complaints route and cannot end a claim after two days. This contract treats two days of silence as agreement.

FXROAD.com is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingObjection windows of 30 days or more are the retail norm and complaint schemes usually allow months. Two days running from a deemed receipt date, on a contract delivered only electronically, is short enough that ordinary life defeats it.

  • Worse together with Exhibit 6Profit can be voided on suspicion, and the window to challenge that closes in two days.
04

Clause 10.21 lets Capitalix close or suspend your account, cancel all transactions and void any profit from what it considers scalping or sniping. It acts on any indication or suspicion, in its own discretion, and the clause says you bear the loss.

Why this matters

Your realised profit can be taken back because Capitalix suspects how you traded, and neither scalping nor sniping is defined anywhere in the contract. No notice is needed first.

Exhibit 6CriticalRarely seen

Any indication or suspicion, in the Company’s discretion, of any form of scalping and/or sniping or/and other form of deceitful techniques will result in all transactions carried out and/or profits garnered as invalid/voided. Under these circumstances, the Client accepts that will bear any loss affected.
Clause 10.21 in Terms and Conditions, p.23
Downloaded from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must act honestly, fairly and professionally and must be able to justify cancelling a client's trades. This clause allows profit to be voided on an indication or suspicion judged by Capitalix alone.

FXROAD.com is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingAnti abuse clauses are standard, but they normally require the firm to establish the conduct. Voiding profit on suspicion alone, with the terms undefined and no notice, removes any test a client could argue against.

  • Worse together with Exhibit 8One clause voids the profit and the other lets Capitalix rewrite the price of an order it already filled.
05

FXRoad sells an Islamic account as one of four account types, Shariah compliant, with no night rollovers. The Terms define a Swap Free or Islamic Account as offered at the company's sole discretion and for a limited timeframe of up to seven calendar days.

Why this matters

The one feature that makes the account Shariah compliant can expire after a week, and clause 11.18.3 lets Capitalix switch swap free trading off at any time. Nothing on the account page mentions a time limit.

Exhibit 11CriticalRarely seen7 days

“Swap Free Account (s)” or “Islamic Account (s)” means a trading account offered by the Company, at its sole discretion, in line with clause 41 and for a limited timeframe of up to seven (7) calendar days, which is designed specifically for and available only to Clients who cannot receive or pay rollover interest on overnight Open Positions for religious reasons.
Clause 4.1 in Terms and Conditions, p.11
Downloaded from the broker's site on Open the reference
Our own capture of fxroad.com, taken on Sep 8, 2026The claim, on FXRoad account types page, description of the Islamic accountVisit this page on the broker's siteDownload the full size image file

Our readingBrokers commonly cap swap free status or withdraw it for abuse. Defining the Islamic account itself as lasting up to seven calendar days means the product named in the marketing does not exist on those terms in the contract.

06

The German home page invites the reader to start investing in CFDs immediately. The legal block at the foot of that same page says 4Square SY Ltd does not offer Contracts for Difference to residents of certain jurisdictions, and lists the European Union among them.

Why this matters

If you read Capitalix in German because you live in Germany or Austria, the contract says the product is not offered to you. That gap is what a firm points at when a client asks for their money back.

Exhibit 12CriticalRarely seen6

4 Square SY Limited does not offer Contracts for Difference to residents of certain jurisdictions including the USA, Canada, the European Union, Japan, Iran, Iraq, Syria, North Korea, Sudan, Myanmar, Russia.
Quoted in Glossary
Read from the broker's site on Open the reference

Buried at section 200 of 203 in the Glossary, 99% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA or CySEC, and firms under ESMA rules, must keep marketing clear, fair and not misleading and must not promote to residents they cannot serve. Here the invitation and the exclusion sit on one page.

FXROAD.com is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingSix of the ten languages Capitalix publishes, German, Spanish, French, Italian, Portuguese and Japanese, are the main languages of places its own footer excludes. Translating a marketing site into the languages of prohibited markets is not a slip on one page.

Every withdrawal is a review Capitalix can decline

Clause 18.6 lets Capitalix withhold a withdrawal until documents satisfy it completely, and clause 3.9 of the payment policy lets it reject a request it deems may not be legitimate. Neither carries a deadline. On the published timetable, three working days to process plus five to seven working days to arrive can mean ten working days.

Getting paid2 clauses flagged

Clause 18.6 lets Capitalix withhold any withdrawal until every requested document is provided to its complete satisfaction. Clause 3.9 of the payment policy adds that it can reject a request outright if it deems the request may not be legitimate, and neither clause carries a deadline.

Why this matters

Your withdrawal can sit unpaid while more documents are requested, and the contract never says when the requesting has to stop. Capitalix also states it is not responsible for delays it attributes to your side.

Exhibit 7CriticalHarder than usual

The Company may not approve and reasonably withhold any withdrawal request unless all requested documents and information are provided by the Client to its complete satisfaction.
Clause 18.6 in Terms and Conditions, p.34
Downloaded from the broker's site on Open the reference

Buried at section 30 of 39 in the Terms and Conditions, 77% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must pay a retail client's money out promptly on request. This contract makes payment conditional on the firm's own complete satisfaction with no time limit.

FXROAD.com is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 9A held withdrawal cannot be rerouted, because payouts must go back the same way and to the same account.

Clause 3.3 of the payment policy processes a withdrawal within three working days, and clause 3.4 allows another seven working days for the money to arrive. Withdrawals must also go back the same way they came, to the same account.

Why this matters

Two working weeks can pass between asking for your money and seeing it, on the broker's own timetable. If the card or bank account you deposited from is closed, the contract gives you no clear route out.

Exhibit 9WarningHarder than usual7 working days

For the funds to be credited to the Client’s account it may take an additional five (5) to seven (7) working days, depending on the Client’s selected credit institution and/or chosen withdrawal method
Clause 3.4 in Deposit and Withdrawal Policy, p.5
Read from the broker's site on Open the reference

Buried at section 24 of 39 in the Deposit and Withdrawal Policy, 62% of the way through.

What it costsThree working days to process plus seven working days to credit is ten working days. A request made on a Monday can settle two calendar weeks later.

Suspicion is enough to void what you made

Clause 10.21 lets Capitalix void all profit on any indication or suspicion of scalping or sniping, terms the contract never defines. Clause 10.4 lets it change the price of an order it has already executed, or cancel it. Clause 11.22 makes those adjustments its sole decision and binding on you.

Profit at risk1 clause flagged

Clause 10.4 lets Capitalix change the opening or closing price of an order it has already executed, or cancel that executed order, where it says an error affected its quotes. Clause 11.22 makes any such adjustment its sole decision and binding on you.

Why this matters

A trade you closed at a profit can be reopened at a different price, and the new number is final. The Order Execution Policy repeats the right and adds that the trading rules are set solely by Capitalix.

Exhibit 8CriticalHarder than usual

the Company reserves the right not to execute an order or, in cases in which the order was executed, to change the opening and/or closing price of a particular order or to cancel the said executed order.
Clause 10.4 in Terms and Conditions, p.20
Downloaded from the broker's site on Open the reference

Failing a document request costs you money

Clause 19.8 charges the dormancy fee before Capitalix returns funds to a client whose relationship ended over missing identification documents. Clause 7.5 lets it suspend an account for any failure to meet its due diligence requirements. The contract sets no deadline and no closed list of what can be demanded.

Verification1 clause flagged

Clause 19.8 charges the dormancy fee before Capitalix returns funds to clients whose relationship ended because they refused, omitted or delayed the documents it asked for. Clause 7.5 lets it suspend an account for any failure to meet its due diligence requirements.

Why this matters

If you cannot produce a document Capitalix wants, the account ends and your own money comes back reduced by dormancy charges and bank fees. The contract sets no deadline and no closed list of documents.

Exhibit 10CriticalRarely seen

The client acknowledges the imposition of a dormancy fee according to Section 22 below on all accounts which will be charged to all clients by the Company and before approving any requested withdrawal and/or before the Company returns any received funds to clients that their relationship was terminated due to their denial or omission or delay in providing the necessary and/ or requested identification documents
Clause 19.8 in Terms and Conditions, p.38
Downloaded from the broker's site on Open the reference

Our readingBrokers routinely freeze accounts over incomplete verification. Deducting an inactivity charge from money being returned to a client who failed verification is different: the client is billed for a period during which the firm would not let them trade.

Wanting your money back counts as inactivity

Clause 22.1 of the Capitalix Terms treats an account with no trades for 30 calendar days as dormant, and charges a monthly fee that climbs through seven bands to 500 EUR. The same clause treats a withdrawal request inside the first 30 days as dormancy too. Clause 7.6 takes the fee before the withdrawal is approved.

Exit conditions1 clause flagged

After 30 calendar days without a trade, Capitalix charges a monthly dormancy fee that rises by band and reaches 500 EUR a month past day 181. Clause 22.2 then lets it close any account whose balance has reached zero.

Why this matters

A quiet account holding 300 EUR can be emptied by these charges within months. Nothing in the clause requires Capitalix to warn you before a band increases.

Exhibit 2CriticalHarder than usual$500

Client accounts in which there have been no trades for a period of more than 30 calendar days will be considered by the Company as being dormant accounts.
Clause 22.1 in Terms and Conditions, p.44
Downloaded from the broker's site on Open the reference

What it costsAn account left untouched for six months is charged 30, then 50, then 150, then 250, then 300 EUR across the bands. That is 780 EUR before the 500 EUR band starts.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Days 1 to 30No charge. The account is inside the free period.22.1
Days 31 to 60A 30 EUR monthly fee starts.22.1
Days 61 to 90The monthly fee rises to 50 EUR.22.1
Days 91 to 120The monthly fee rises to 150 EUR.22.1
Days 121 to 150The monthly fee rises to 250 EUR.22.1
Days 151 to 180The monthly fee rises to 300 EUR.22.1
Day 181 and beyondThe monthly fee reaches 500 EUR, and Capitalix can close an account once its balance is zero.22.1

A deposit fee sits behind a page marked FREE

Capitalix allows itself 3% plus 0.25 on every deposit in clause 2.1 of its Deposit and Withdrawal Policy, while its payment methods page marks card, SWIFT and SEPA as FREE. Clause 19.7 adds a 50 examination of application fee for all new clients. Clause 11.19.4.1 says website spreads are only indicative and the real spread is only visible inside the platform.

Cost disclosure1 clause flagged

Clause 19.7 applies an examination of application fee of 50 EURO, USD or GBP to all new applications, and clause 22.3 says Capitalix will charge it to all new clients. The same clause says the fee is at its own discretion and may not be charged.

Why this matters

Half of a 100 first deposit could go on being assessed as a customer. No Capitalix marketing page we opened mentions this charge.

Exhibit 4WarningRarely seen$50

Examination of application fees of 50 EURO/USD/GBP are applied to all new applications due to the administration costs incurred by the Company when examining clients’ applications.
Clause 19.7 in Terms and Conditions, p.38
Downloaded from the broker's site on Open the reference

Our readingRetail brokers almost never bill applicants for the cost of reviewing them. Onboarding checks are normally a cost of doing business, so this charge lands before you have traded anything.

Capitalix can pool your accounts, you cannot

Clause 7.2 gives Capitalix the absolute right to merge your trading accounts and move funds between them to cover any possible exposure. Clause 16.8 tells you each account is treated entirely separately and credit on one will not discharge liabilities on another. Clause 18.4 allows set off without your authorisation.

Control of your balance1 clause flagged

Clause 7.2 gives Capitalix the absolute right to merge all your trading accounts and move money between them to cover any possible exposure on any one of them. Clause 16.8 says each account is treated entirely separately and credit on one does not discharge what you owe on another.

Why this matters

Capitalix can move your balance between accounts to protect itself, but you cannot rely on the same pooling. Clause 18.4 lets it set off amounts it holds for you without your authorisation.

Exhibit 13WarningHarder than usual

the Client also accepts and authorize the Company to have the absolute right at any given moment to merge all or any Trading Accounts to one and/or to transfer any available balance and/or funds between these accounts for covering any exposure and/or any possible exposure of any individual account of the same Client.
Clause 7.2 in Terms and Conditions, p.14
Downloaded from the broker's site on Open the reference
  • Worse together with Exhibit 7Money swept to cover exposure elsewhere is no longer free for withdrawal.

Capitalix is the counterparty to your trade

The Conflicts of Interest Policy exists to disclose that 4 SQUARE SY LIMITED is the client's counterparty, and it lists rejecting client orders to prevent a company loss among the conflicts it manages. Clause 10.19 of the Terms instead describes the company as a regulated STP broker. Both statements are published, and they describe different businesses.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Whose side1 clause flagged

The Conflicts of Interest Policy states that Capitalix is the client's counterparty, and lists rejecting client orders to prevent a company loss as a conflict it manages. Clause 10.19 of the Terms tells you all orders are executed by the company as a regulated STP broker.

Why this matters

When Capitalix is on the other side of your trade, your loss can be its gain. The two documents describe different business models, so you cannot tell from the contract which one applies to your order.

Exhibit 14WarningHarder than usual

The Company's hedging policy is affected negatively by the market movement and as a result client's orders are rejected in order to prevent a financial loss for the Company.
Quoted in Conflicts of Interest Policy, p.4
Read from the broker's site on Open the reference

Where it sits: section 16 of 39 in the Conflicts of Interest Policy, 41% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose whether they deal on their own account and manage the conflict that creates. This document set discloses the conflict in one place and describes straight through processing in another.

FXROAD.com is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

One Seychelles company, two brands, inconsistent paperwork

You contract with 4 SQUARE SY LIMITED of Seychelles, registration 8426168-1, holding FSA licence SD052, and the same company owns both Capitalix and FXRoad. Its policies disagree on the registered address and on whether the Securities Act 2007 or 2017 applies. The Risk Disclosure still describes CALL and PUT buttons and an expiry system, which belong to a product this broker does not sell.

Who you contract with1 clause flagged

The Terms give the registered office as CT House, Office 9A, Providence, and cite the Seychelles Securities Act 2017. The Deposit and Withdrawal Policy, the Conflicts policy and the Order Execution Policy give a different address at Jivan's Complex, Mont Fleuri, and say the company operates under the Securities Act 2007.

Why this matters

You cannot tell from these documents where to serve a letter or which statute the firm says governs it. Several policies still carry their 2020 first version and have not been brought into line.

Exhibit 15NoticeHarder than usual

The Company is operating under the Securities Act 2007 (the “Act”), Securities (Conduct of Business) Regulations 2008, Securities (Forms and Fees) Regulations 2008
Quoted in Deposit and Withdrawal Policy, p.2
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

Every account type is advertised with zero deposit commission while the payment policy allows 3% plus 0.25 on each deposit.

Said in public, in English

0% deposit commision

FXRoad account types page, listed as a feature of all four accounts

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fxroad.com

In the contract · clause 2.1

The Company at its discretion may charge a 3% plus 0.25 cents fee per deposit which includes payment service provider and handling fees which will be paid by the Client additionally to the deposited amount.

02

An account sold as Shariah compliant is defined in the contract as swap free for up to seven calendar days at the broker's discretion.

Said in public, in English

Shariah-compliant account, adheres to Islamic finance principles

FXRoad account types page, description of the Islamic account

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fxroad.com

In the contract · clause 4.1

“Swap Free Account (s)” or “Islamic Account (s)” means a trading account offered by the Company, at its sole discretion, in line with clause 41 and for a limited timeframe of up to seven (7) calendar days

03

A German language page urges the reader to start trading CFDs at once, while the company's own legal footer excludes European Union residents from CFDs.

Said in public, in German

Unsere maßgeschneiderten Lösungen und persönliche Unterstützung bieten Ihnen das nötige Vertrauen, um sofort mit dem Investieren in CFDs zu beginnen.

Word for word in English: Our tailored solutions and personal support give you the confidence you need to start investing in CFDs immediately.

German language home page, opening section under the main headline

In the contract

4 Square SY Limited does not offer Contracts for Difference to residents of certain jurisdictions including the USA, Canada, the European Union, Japan, Iran, Iraq, Syria, North Korea, Sudan, Myanmar, Russia.

The documents this reading is based on

20 files, all published by FXROAD.com. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording FXROAD.com publishes.

How this reading was done

Every clause above was read out of a document FXROAD.com publishes itself

This reading was published on .

Documents
13 of 20downloaded from the broker's site, and 13 read in full
Pages opened
51pages walked to find those documents, footer links included
Older copies
2earlier versions downloaded
Marketing pages
11public pages set against what the contract says
Languages
DE vs ENthe language it advertises in, against the language it contracts in
Position measured
5clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

4 SQUARE SY LIMITED

You contract with 4 SQUARE SY LIMITED, a Seychelles company, registration number 8426168-1, licensed by the Seychelles Financial Services Authority under number SD052. The same company owns both brands: it states that it owns and operates Capitalix at www.capitalix.com, and the FXRoad legal page states that www.fxroad.com and www.fxroad.co.in are owned and operated by it too. An FXRoad client and a Capitalix client are the same counterparty on the same terms. No European or United Kingdom entity appears anywhere in the documents, and no investor compensation scheme is named.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

The document shelf is broad and free to download with no login: terms, risk disclosure, conflicts of interest, order execution, complaints, privacy, cookies and a separate deposit and withdrawal policy. The Complaint Handling Policy is better than most, naming the Seychelles Financial Services Authority as an escalation route with its address, phone and complaints email, and printing the complaint form inside the document. The Conflicts of Interest Policy states plainly that the company is the client's counterparty, which many brokers never admit anywhere, and the margin call and stop out levels are given as numbers rather than left vague.

We read the first 23 of the 41 sections of the Terms and Conditions. We did not read sections 24 to 41, which cover amendment and termination, liability, chargebacks, governing law and the bonus agreement, so this reading says nothing about those. Four documents on the same legal shelf were not read at all: the Bonus Terms and Conditions, the Declaration of Deposit, the Contract Specifications and the Securities Dealer Licence Certificate. The one page Capitalix Risk Warning would not open cleanly, so we quote nothing from it. The only earlier copies available are of the glossary and of the FXRoad legal index, and neither shows a change of substance. The Capitalix account types page and English home page stopped responding while we were checking them, so the marketing quoted here comes from the payment methods page, the German home page and the FXRoad account types page, which we opened ourselves.

How to check any of this yourself

Every quote above links to the FXROAD.com file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document FXROAD.com publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge FXROAD.com on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 8, 2026.

If you represent FXROAD.com and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on FXROAD.com. Whether its licence is real and current is a separate check on the broker profile.

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