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CedarFX Review

Broker Information Security Popularity Payment Spec Instruments Score
Security E
Popularity C
Payment C
Spec C
Instrument A
E
C
C
C
A
score 66
CedarFX
  Regulation 0
  Security 31  
Segregated accounts
Established 0-5 years
  Instrument 100  
Forex
Stock
Crypto
Index
Oil
Gold
  Platform 44  
MetaTrader 4
  Payment 76  
Credit/debit card
Crypto
Wire
  Features 39  
US Trader
Automated trading
  Complaint 100  
No Complaint
  Popularity 75  
  Spec 75  
Hedging
Leverage more than 1:500
Swap

💲 Min Deposit $10

Year Established 2020

💡 Min Position 0.01 lot

🌐 Website www.cedarfx.com

Max Leverage 1:500

Accepts US traders

📁 Segregated accounts

CedarFX is a well-established broker since 2020. CedarFX has a headquarter in . CedarFX to provide their Forex/CFD trading services to over 4 million clients.


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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Min Deposit

$10

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Max 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 look at the following chart:



💲 Min Deposit $10

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Trailing stop

Pending orders

Automated trading

💸 Commission

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 Crypto 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

Crypto

Crypto
1:10

Payment Methods

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 Crypto and 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

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 Crypto . As for the payment methods, you can choose between Wire transfer, Credit/debit cards and Crypto. The customer support is available via Email, Callback, Live chat and Web form.


The starting capital in CedarFX is $10.


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.


CedarFX is a brokerage company offering trading services for clients since 2020 with offices in .



Testimonials
United Kingdom
Trendy
Aug 30 2022
 
Been with these guys for a while and have no... More
United Kingdom
Stephen Day
Jan 31 2022
 
I use CedarFX for both Forex and Crypto and have... More
United Kingdom
Colin Lewis
Account Number: (0286xxx)
Jan 9 2022
 
This Review for CedarFX comes after 6 months of trading... More
Ireland
John Martin
Account Number: (204xxx)
Dec 11 2021
 
I have been using these guys the past year. I... More
United Kingdom
Seb King
Account Number: (20xxx)
Nov 29 2021
 
I was looking for a broker that offered the option... More
Hong Kong
Lee Adam Baxter
Oct 24 2021
 
CedarFX caught my attention with their offer to plant trees... More