ℹ Broker Overview
| 🏢 Headquarters : | SVG |
|---|---|
| ✅ Regulators : | |
| 💵 Minimum Deposit : | 10 USD |
| 💹 Leverage : | 1:500 |
CedarFX is a New Forex Broker. Minimum Deposit - $10 USD. Company - Cedar LLC. To find the more best forex brokers reviews.
Loading...
Broker Badges
CEDARFX has been part of the forex market for over 4 years
Recomended Brokers
| Company | Min. Deposit | Action |
|---|---|---|
| Octa | 25 USD | Overview |
| FXGlory | 5 USD | Overview |
| Headway | 1 USD | Overview |
| UTrade Markets | $1000 | Overview |
| Woxa | $25 | Overview |
Description General Information Trading Preference Payment Options Trading Features Trading Instruments Promotion Support Contact Information User Feedback
CEDARFX General Information
| 👤 Broker Name : | CEDARFX |
|---|---|
| 🏣 Company Name : | Cedar LLC |
| 📅 Foundation Year : | 2020 |
| 🏢 Headquarters : | SVG |
| 📉 Broker Type : | ECN/STP |
💵 CEDARFX Minimum Deposit : | 10 USD |
| 💹 Maximum Leverage : | 1:500 |
| 💱 Base Currency : | EUR, USD, GBP, BTC |
Our CEDARFX Review
Cedar FX is a forex broker that offers traders access to more than 170 tradable assets. It operates a zero-commission CFD broker. Users of the platform can trade in crypto, forex, stocks, indices, and many others. The spreads on Cedar FX are extremely low on all assets, which makes it one of the most cost-effective platforms. A major benefit of using this platform is that there are no fees. That means there are no withdrawal and deposit fees or inactivity fees.
Simple Registration Process
Creating an account on Cedar FX is free and quite easy. New users need to provide their name, email address, and set a strong password. There is also the option to sign up for the broker with a single click via an active Google or Facebook account. To complete the registration process, need to click on the verification link that is sent to your email. Besides that, you will need to add a phone number.
Great User Interface
The user interface for Cedar FX is quite simple but comprehensive. All the trading is done via the MT4 platform, which can be downloaded from the Cedar FX site for free. Upon first signing up, new users will not receive bothersome messages from the support team. Instead, they will get access to a dedicated customer support team that is available for all issues related to the interface. The user interface manages to be comprehensive without having any excess clutter.
Notable Features of the Cedar FX Platform
- Great Demo Account
One of the upsides of using this broker is that they offer an unlimited demo account. On most platforms, demo accounts are only available for a limited period before users have to open a live trading account. Besides that, most platforms only offer a limited amount of funds. On Cedar FX, the demo account has no time limit and there is no limit on the virtual funds. The free demo account covers all account types offered on the platform. It is an especially useful feature for new users who are trying to learn to trade.
- Zero Percent Commission Trading
ON Cedar FX, the standard account, which is accessible to all traders, comes with a zero percent commission. With this platform, traders do not have to worry about any commission fees. The result is that users can keep all their profits. The same applies to spread, which are kept extremely low on all tradable assets.
- Crypto Funding Support
The platform allows users to fund their accounts in Bitcoin or fiat currencies. No matter the funding method used, there is no transaction fee for deposits or withdrawals. Users receive their withdrawal requests in their crypto wallet on the same day they make the request.
Withdrawal and Deposit Limits
The minimum BTC deposit is $10 while the minimum deposit for bank cards is $50. For withdrawals, the minimum in Bitcoin is $10. There is no maximum limit for making withdrawals.
Customer Support
Customer support is offered 24/7for this broker. There is also email support and live chat support.
Summary
Cedar FX offers a great alternative to existing online brokers. Users have access to over 170 assets. Additionally, there are no limits to access for anyone in any part of the world. It is a transparent, simple, and secure trading platform, which is great for newbies and experienced traders.
Trading Preference
| 🎮 Demo Account : | |
|---|---|
| 📒 Mini Account : | |
| ✨ VIP Account : | |
| ☪️ Islamic Account : |
Payment Options
| 💳 Deposit Methods : | BTC, Visa/Mastercard, Wire Transfer |
|---|---|
| 💳 Withdrawal Methods : | BTC |
Trading Features
| 📊 Trading Platforms : | MT4 Desktop, Mobile, WebTrader |
|---|---|
| 📱 Mobile Trading : | |
| 💻 Web Trading : |
Support
| 🌐 Web Form : | |
|---|---|
| 💬 Live Chat : | |
| 🤙 Call-Back : | |
| ✔️ Support Language : | English |
Contact Information
| 🌐 Website : | www.cedarfx.com |
|---|---|
| 📮 Address : | First Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent and the Grenadines |
User Feedback
20 Reviews
Add Your Review
George Quayle
January 27, 2021 at 7:56 pm
Decided to give them a try as I’ve seen what they do for the environment which is good. They’ve proved to be a good broker for trading so I’m going to stick with them. The bitcoin withdrawals are fast, which is helpful
Reply
Gareth Davies
February 3, 2021 at 4:23 pm
Moved to CedarFX as the only brokers I could use restrict me to 1:30 leverage (I’m based in the UK). They offer 1:500 leverage on fiat pairs and 1:100 for crypto pairs.
I fund my account through Bitcoin and withdraw using the same method as the money transfers within 24 hours (much quicker than 5 day bank transfer) and haven’t noticed any extra charges.
See AlsoGlobal Forex regulators: Top the safest brokers under FCA, CySEC, ASIC, MAS, and others - TopForex.Trade4 Keys to Creating a Systematic and Achievable Trading PlanNexus FX Stocks review 2022 | File A Scam complaint4 Simple Scalping Trading Strategies/ Advanced Techniques | TradingSimAnother reason I moved to them was that they have tight spreads and 0% commissions on trades which is great for day trading.
They also have an ECO account with $1 commissions on trades that are sent to the charity Ecologi and are used to plant trees. I haven’t used this account but great to see a broker take initiative.
On the downside I’d like to see a few more indices and commodities/metals. Also bank transfer is 5 days withdrawal like most brokers though think that’s due to the bank checks.
All in all a good broker for day traders that have their head around funding in BTC.
Reply
Reece Rispoli
February 10, 2021 at 7:51 pm
I’ve been using CedarFX for a while now. Support has been on point and helped me through the set up straight away. I’ve gone for the eco account as least u can help the planet at the same time. Withdrawals are decent and have not had an issue so far. So far I’ve got no issues with this broker and will continue to use them as much as possible.
Reply
James Rosamond
February 18, 2021 at 3:17 am
I made the switch to this broker about 6 months or so ago when I felt the BTC bull run coming as I wanted to hold my trading balance in BTC and not USD like I had been doing with my previous broker (makes sense to hold your capital in an inflating currency rather than a deflating one).
Out of all the brokers allowing BTC deposits, CedarFX really stuck out from the crowd for me. Mainly because I am passionate about doing the right thing by the planet and saw that these guys were partnered with a reforestation project. If I can help nature whilst making income, I’m 100% for it. I have also found them to be very competitive in terms of fees, spreads, etc too.
I think more brokers needs to step up and do their bit to help climate change, otherwise they will likely loose a lot of green minded clients to this mob.Reply
Amina El Mehdi
March 15, 2021 at 12:00 am
I’m pleasantly surprised from them. They’ve took my attention because of their green policy but that was only the top of the iceberg. Fast withdraws, 0 commissions and responsive support are their other big pluses. Good and innovative broker at all.
Reply
Dean perry
April 7, 2021 at 1:26 pm
Changed over to CedarFX at the start of this year to use there commission offer and also suppor wildlife. Makes me feel a little better inside. The platform is simple to use and easy to set up. Not had any issues so going to be stickong with them as my main broker from now on.
Reply
John Martin
April 26, 2021 at 4:44 pm
Have been using these guys almost since then they went live .
I was drawn to them initially by their environmental friendly standards.
Crypto trading is a must for me and they have it 24/7 .
I’m a big proponent of Crypto and deposit and withdrawal speeds with bitcoin are fast.
Big selection of Stocks too .
I recommend them .Reply
John Martin
April 26, 2021 at 10:51 pm
Have been using these guys pretty much since they came out.
Their environmental stance was the initial draw for me I use their eco account.
I’m a big Crypto fan and they are tops for this its 24/7 .
Fast withdrawals nice generous leverage I can recommend them.Reply
RoyalCanin
July 5, 2021 at 9:33 am
Вас посетила просто блестящая мысль
Reply
Paula Pughe
July 8, 2021 at 6:17 pm
I enitionaly started using these because of the zero commission account, I figured I had nothing to loose by checking them out. I’ve been really impressed with them, its been a very smooth experience as everything just works as it should. I have now started using the eco account as well as its still cheaper commission that a lot of others and with the added bonus that I’m helping out even if it is just in a small way.
I use BTC to deposit and withdraw and found it very quick and easy to do from the start.
I can’t really see me needing another broker for anything as I have forex and crypto here with these.Reply
Peter Lanceley
July 14, 2021 at 9:33 pm
Used this broker for a few months now and they have lots of markets to trade, especially Crypto which is 24/7 unlike some brokers.
Pay outs are fast, customer support are helpful and its also great that they plant trees based on volume traded.
Reply
Jawrick
July 16, 2021 at 9:04 am
need more DEPOSIT options, cmon also tighter spreads would be better, they still high, not very low, eurusd needs to be .02
Reply
Elizabeth Burden
July 17, 2021 at 10:10 am
Good customer service, lots of pairs to choose from and good leverage. I’m using the eco account which is one of the main reasons I use this broker, nice to know something positive is coming from my trades.
Reply
Lee baxter
August 3, 2021 at 5:37 pm
Made an account due to them providing the ECO accounts. Having something positive like that towards the environment was something I really appreciated. Feels like i am making a difference in my carbon footprint using this type of account. Their platforms work as they should and provide a decent all round service
Reply
Leon Delgaudio
October 28, 2021 at 8:54 pm
I was looking for a new broker to use and I noticed CedarFX had a 0% commission account so thought I would give them a go and I have been with them 8 months now so it’s safe to say I’m more than happy.
Reply
Rickey singleton
November 29, 2021 at 10:21 pm
Was suggested CedarFX by a friend. They offered similar to my existing broker but more crypto pairs which is something I like to trade and allowed crypto trading 24/7. With the no commission accounts it was an easy move and have been happy with the service so far.
Reply
James Burt
January 8, 2022 at 5:09 pm
Haven’t seen a broker doing an eco account before pretty original. Used them for trading crypto’s and forex for over a year now and no issues with them so far. I went for the 0 commission account personally but even with that the spreads remain quite low. Would recommend them to a novice or established trader.
Reply
Craig McGovern
March 10, 2022 at 1:07 am
Been using CedarFX for 7 months now went to them as i was scalping and heard about 0%. Its helped lots but was pleasantly surprised with the same day withdrawals that’s been a massive help. Im getting more and more into crypto trading and they have a fair few to choose from. So far have to say happy with how this are going.
Reply
Hugo
July 8, 2022 at 8:46 pm
Hello CedarFx users, any updates? Is everything still good?
Reply
Tareq Sikder
July 15, 2022 at 8:13 pm
I started trading with them mainly because of their commission free trading option. I find its very lucrative for day trading and scalping. Their other offered trading features such as same day withdrawal, 24/7 crypto trading, leverage 1:100 in cryptos, 1:500 in currencies are very handy for traders of any type.
I have been trading with them for over a year. I must admit they are quite reliable.
Reply
