CedarFX Review

Alyaziah Hayat | May 14, 2022

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.

Broker 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


CedarFX is an eco-friendly trading broker offering you six asset classes to trade online with zero commission, competitively low spreads and ultra-fast withdrawals. As an innovative broker, I like how CedarFX also takes initiative in taking care of the environment, by planting 10 trees with every lot traded by donating the funds to Ecologi. With everyone becoming more conscious about the environment, I believe it is very important for a broker to be socially active in this aspect as well.

CedarFX Eco-Friendly Broker

CedarFX Eco-Friendly Broker

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


CedarFX is registered in St. Vincent and the Grenadines. They are not currently regulated but state that clients’ funds are kept in segregated accounts so that they should not be used for any other purpose. If you’re looking for a broker that is properly regulated, I recommend checking out Oanda.

The broker can accept clients from most countries across the globe. However, in the rare instance your country is not accepted by CedarFX, I recommend checking out our broker comparison tool for alternatives.


CedarFX provide clients with the ever popular MetaTrader 4 platforms for desktop, web and mobile devices. The MT4 desktop platform has the most functionality and I like how 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 of you who need to access your CedarFX account to trade whilst on the go from anywhere in the world with an internet connection. I would’ve liked to see them offer a social trading platform as well like other top brokers such as AvaTrade.

CedarFX MetaTrader 4 Platform

CedarFX MetaTrader 4 Platform

I like the MT4 platform as it is easy to use while also containing 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


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. I like how there are thousands of MT4 add-ons available online both free and paid. However, I don’t like how it doesn’t have separate stand-alone tools such as trading calculators, economic calendars and sentiment analysis. For a more better selection of trading tools, you should check out JFD Bank.


CedarFX currently does not have an educational section although the customer support team can help answer your queries and there is an FAQ section that covers some questions. I would really appreciate it if they added some educational materials in the future such as trading guides, e-books, tutorial videos, market analysis, etc. For a good variety of educational resources, you should check out CM Trading.


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. Other brokers like Firstrade are offering a much better selection of trading instruments.


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 of you 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


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, I like how they also provided a live chat option on the broker’s 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, I really appreciate how you can also request a call back from the broker at a date and time that suits you.


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 also be done in Bitcoin. Some fees may be charged when using certain payment methods.

CedarFX aims to process all withdrawal requests within 24 hours. I appreciate how 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. I find the multiple currency options to be beneficial as currency conversion fees do not apply when using an account in your own currency.


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.


Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker


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. I really like how the minimum amount to get started is just $10 and that there are demo accounts to trial the broker’s services. I particularly like the fact that CedarFX is doing their part for the environment by donating funds to plant trees. However, I believe they could improve in some areas by adding regulations and educational resources. You can compare their services to other best trading platforms to find one that is perfect for you.

CedarFX Logo

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.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Alyaziah Hayat
I had previously been forex trading for about 2 years and I now mainly focus on writing forex-related content. I also deal with cryptocurrencies and other financial assets in this industry. I've dealt with several brokers, assets, EA robots, and everything that this industry has to offer.

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