CedarFX is a well-established broker since 2020. CedarFX has a headquarter in Saint Vincent and Grenadines. It is are generally well-suited for CedarFX to provide their Forex/CFD trading services to global clients.
Apart from the forex demo account, this broker offers ECN 0% Commission. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by CedarFX is up to 1:500. Meanwhile, you can open an account with a starting capital of $10.
If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:
Besides lots of currency pair, CedarFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Metals and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for ECN 0% Commission account, CedarFX specifically provides it with the following instruments and leverage:
Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
CedarFX also provides payment with Credit/debit cards
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, CedarFX offers you MetaTrader 4 (Limited with 14 days).
Do you have any question or find any trouble related to CedarFX? If you do, you should reach CedarFX's support to get the information that you need. Here is the detail of the broker's customer support:
FAQ About CedarFX
Is CedarFX a good broker?
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if CedarFX is a good broker for you or not by reviewing the criteria. In general, CedarFX provides trading service in Forex , Gold & silver , CFD , Oil , Stocks , Indexes , Metals and Cryptocurrencies . As for the payment methods, you can choose between Bitcoin, Credit/debit cards and Wire transfer. The customer support is available via Callback, Email and Live chat.
What is the minimum deposit for CedarFX?
The starting capital in CedarFX is $10.
Is CedarFX regulated?
CedarFX is regulated by None. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Is CedarFX legit?
CedarFX is a brokerage company offering trading services for clients since 2020 with offices in Saint Vincent and Grenadines.