CedarFX Review

CedarFX is an ECN/STP broker that offers online trading to clients around the globe via the MetaTrader 4 platform across multiple devices. They have competitive trading conditions along with convenient account funding and 24/7 customer support.

CedarFX Review, Pros & Cons
  • User-friendly MT4 platforms
  • 183+ trading instruments
  • 24/7 customer support
  • Zero commission account
  • Eco-friendly broker
  • Bitcoin withdrawals only
  • No swap-free accounts
  • Limited edcuational materials

In this detailed CedarFX review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

CedarFX Overview

CedarFX is an eco-friendly trading broker offering six asset classes to trade online with zero commission, competitively low spreads and ultra-fast withdrawals. As an innovative broker, CedarFX also takes initiative in taking care of the environment, by planting 10 trees with every lot traded by donating the funds to https://ecologi.com/

CedarFX Eco-Friendly Broker

CedarFX Eco-Friendly Broker

CedarFX operate the ECN/STP broker model with no dealing desk intervention. This can help to ensure execution at the best available prices from the liquidity providers with minimal slippage.

CedarFX Regulation

CedarFX is registered in St. Vincent and the Grenadines. They are not currently regulated but state that client funds are kept in segregated accounts so that they should not be used for any other purpose.

CedarFX Countries

The broker can accept clients from most countries across the globe. Some CedarFX broker features and products mentioned within this CedarFX review may not be available to traders from specific countries due to legal restrictions.

CedarFX Platforms

CedarFX provide clients with the ever popular MetaTrader 4 platforms for desktop, web and mobile devices. The MT4 desktop platform has the most functionality whereas the web version can run directly in most modern web browsers without needing to download or install any additional software. The MT4 mobile trading app is useful for those who need to access their CedarFX account to trade whilst on the go from anywhere in the world with an internet connection.

CedarFX MetaTrader 4 Platform

CedarFX MetaTrader 4 Platform

MT4 is an easy to use trading platform that contains an abundance of trading tools for conducting in-depth market analysis. Some of the key MT4 platform features include:

  • Multiple chart types
  • Multiple chart timeframes
  • Multiple order types
  • 70+ technical indicators & drawing objects
  • Automated trading via expert advisors (EAs)
  • MQL programming interface to create custom tools
  • Marketplace to share ideas & tools with other traders
  • Set alert notifications via pop-ups, email & SMS
  • Available in desktop, web & mobile

CedarFX Trading Tools

The MT4 platform should contain more than enough trading tools to meet the needs of most traders although you can also download and install additional tools if required. There are thousands of MT4 add-ons available online both free and paid. There are however no separate stand-alone tools such as trading calculators, economic calendars and sentiment analysis.

CedarFX Education

CedarFX currently does not have an educational section although the customer support team can help answer client queries and there is an FAQ section that covers some questions. It would be great if they add some educational materials in the future such as trading guides, e-books, tutorial videos, market analysis, etc.

CedarFX Instruments

CedarFX provides traders with a choice of over 183 trading instruments across six asset classes. Clients can choose to trade CFDs, Futures, Forex, Cryptocurrency, Stocks, Indices and Commodities.

CedarFX Accounts & Fees

CedarFX has a standard trading account with 0% commission and competitive spreads. There is the eco account which charges $1 commission per lot traded. The minimum deposit requirement is $10 and there is flexible leverage of up to 1:500 available. Spreads are variable starting from 2.2 pips on the EURUSD currency pair. Hedging and scalping is allowed but arbitrage trading is not. There is no swap-free account option.

Demo accounts are available free of charge for those who wish to trial the brokers products and services risk free. This can be a useful way to familiarise yourself with the trading platforms and practice your online trading strategies until you feel confident enough. Demo accounts expire 14 days after inactivity.

CedarFX Demo Trading Accounts

CedarFX Demo Trading Accounts

As broker fees can vary and change, there may be additional fees that are not listed in this CedarFX review. It is imperative to ensure that you check and understand all of the latest information before you open a CedarFX broker account for online trading.

CedarFX Support

There is a contact form where you can send any of your questions to the broker who will aim to respond as soon as possible. If you want instant answers, there is a live chat option on the brokers website that is available 24/7 to answer any of your general, technical or account related questions. There is also a handy frequently asked questions (FAQ) page where you can find answers to some of the more commonly asked questions. Furthermore, you can also request a call back from the broker at a date and time that suits you.

CedarFX Deposit & Withdrawal

The broker has a variety of convenient methods for depositing and withdrawing funds from your trading account. They accept deposits via bank wire, credit/debit card and Bitcoin. Withdrawals can be done in Bitcoin. Some fees may be charged when using certain payment methods.

CedarFX aim to process all withdrawal requests within 24 hours. They have simplified funding as much as possible by removing all unnecessary steps to help streamline the process.

The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

CedarFX strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your CedarFX trading account.

Accounts base currencies can be; EUR, USD, GBP, BTC. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

CedarFX Account Opening

There is a short form to complete on the CedarFX website if you wish to open a demo or live trading account with the broker. You will need to provide some basic personal information to get started. In order to fund your account, the broker requires documents such as proof of identification and address, which is a normal part of any brokers KYC/AML procedures.

CedarFX Signup Form

CedarFX Signup Form

Once a member of the accounts team has reviewed your information, you will be able to fund your trading account and start trading online if you feel ready to do so.

It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.

CedarFX Summary

Overall, CedarFX has a solid offering for trading online. There is a good selection of trading instruments across various asset classes whereas the trading conditions are competitive. This includes zero commission, ECN/STP execution, fast account funding and 24/7 support. The minimum amount to get started is just $10 or there are demo accounts to trial the brokers services. We particularly like the fact that CedarFX are doing their part for the environment by donating funds to plant trees. However, they could improve in some areas by adding regulations and educational resources.

Trading leveraged products such as Forex and Cryptos may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.

Min $10 Deposit

CedarFX is an eco-friendly ECN/STP broker providing over 183 trading instruments via the MT4 platform across multiple devices with competitive trading conditions, including zero commissions.

2 thoughts on “CedarFX Review”

  1. aliforex says:

    I have been trading with them since Nov 2020, and everything is good so far. I switched to them because they offered nice leverage. 

    For instance, on crypto, they are offering 1:100 leverage and 1:500 on forex. 

    The second major reason is 24/7 trading. I can trade cryptocurrencies during the weekend as well. While this option wasn’t available with my previous broker.

    Well, deposits and withdrawals are pretty swift. CedarFX processed withdrawals within a day, even during the weekend. 

    Lastly, I like customer support, they are responsive. I had to chat with them once, and they were very cooperative. 

    I’m looking to stick with them for longer. 

  2. bax699 says:

    I created an account with CedarFX due to them providing an ECO account which plants tree’s when you trade. I thought this was a very nice gesture in trying to help our planet that we all live on. I like to trade Crypto and they provide a good platform to do so. 24/7 trading and the bull runs on Bitcoin are something I like to catch. Would recommend

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