CedarFX Review

CedarFX

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.


Company Information

Website
www.cedarfx.com

Established
2020

Country
Saint Vincent and Grenadines

Features

Segregated accounts

US traders are welcome

Account Information

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.

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Minimum Deposit

$10

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Maximum Leverage

1:500

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Spread

Variable

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:



Minimum Deposit $10

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

Browser-based platform

Automated trading

Instruments Traded

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:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:100

Indexes

Indexes
1:100

Metals

Metals
1:100

Cryptocurrencies

Cryptocurrencies
1:10

Payment Methods

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 Platforms

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).

Customer Support

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:

Website Languages

English

Office
Support

Email
Support

Call
Support

Chat
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.


Give Your Review and Rate This Broker


These aspects are optional but will determine your review's reliablity


7 Reviews

Stephen Day
United Kingdom
This review is not supported by evidence

Jan 31 2022

I use CedarFX for both Forex and Crypto and have only positive things to say.  I use them as they offer 24/7 crypto, which not many brokers do.  I use the nil commission account which is good. Withdrawals are processed quickly without any issues. 

Colin Lewis
United Kingdom
Account Number: (0286xxx)
This review is half reliable

Jan 9 2022

This Review for CedarFX comes after 6 months of trading on the zero commissions account through 2021.  Firstly the outlook of the broker is positive and geared towards helping the current climate battle, this is what brought them to my attention in the first place.  Trading primarily FX pairs throughout, the spread and commissions have been standard and close to most other brokers I have tried. I realize they do also have a zero commissions account, something perhaps I will try soon. Crypto trading here runs 24/7 and you can take advantage of the famous bloody Sunday crypto crashes on multiple pairs.  

The overall experience has been very positive, with withdrawal processes being seamless and fast to my account.

John Martin
Ireland
Account Number: (204xxx)
This review is half reliable

Dec 11 2021

I have been using these guys the past year. I use their 0 commissions account as a real saver for day trading and on occasion when I scalp which they allow. They have a big selection of Crypto assets near 40 I believe which can be traded 24/7 a real plus for me. Withdrawals are the same day I've Withdrawn on Saturdays too! Customer support is quick and pleasant always a nice touch. I can recommend them 

Seb King
United Kingdom
Account Number: (20xxx)
This review is reliable

Nov 29 2021

I was looking for a broker that offered the option to trade both FX and crypto on the same platform without needing different accounts as I need on IG. When looking I realized some of the better options were unregulated but I thought I would give them a go with a smaller bank to test the waters. I found setting up the account easy and funding easy too as I could just send funds from my Binance account. These arrived quickly enough and I was away. Spreads are very reasonable considering the 0% commission offer. I haven't yet tried the eco account but may look into it as it seems a good cause. There is a good selection of cryptos to trade and the leverage options are generous if you need them (another thing regulation can be annoying about). When it came to the acid test of withdrawing I have been pleased to see that on average my withdrawals have taken a few hours normally. Sometimes it can be a little longer during high network traffic but generally, I've not waited longer than 5 hrs I think. If you are fed up with being told how you can use your money and are looking at more choice with your trading conditions and assets to trade then I think CedarFX should at least be a consideration. Start small and go from there.

Lee Adam Baxter
Hong Kong
This review is not supported by evidence

Oct 24 2021

CedarFX caught my attention with their offer to plant trees with how much you traded the markets. I thought this was a great way to combat my carbon footprint as I always use a computer all day every day. I have an ECO account and a no commission account and use both. One for crypto and one for Forex. Both do as they should I would recommend to anyone looking for a good all-around broker.

Dean
United Kingdom
Account Number: (568xxx)
This review is half reliable

Sep 29 2021

An ECO broker that gives back. It's nice to know you are helping the environment at the same time as trading the forex markets.  This broker's offer is fair and up-to-date with every ting you need as a trader and they even keep adding new crypto and stocks to be traded all the time. I started out just using them for crypto but now I do all my forex trading with them also. just makes it easier and more efficient. Their platform and setup are good and never had any issues so can't ask for anymore. going to stick with them from now on.

Matteo Catanuto
Australia
Account Number: (63xxx)
This review is half reliable

Sep 2 2021

I can confirm good experiences with this broker. I am especially fond of the ECO account, refreshing to see a financial company that cares and takes action on climate change.
A broad range of assets is available with generous leverage. Their customer service department is always fast to respond to any inquiries and no suspicious wicks on their charts.
I have been overall very impressed.