CedarFX Review

Category: Reviews | Author: Trading Brokers | Date: May 3, 2024

CedarFX is an eco-friendly trading broker that donates funds to Ecologi for planting trees when you trade. Not only do you help the environment whilst trading, you can access a good range of markets with zero commission fees and ultra-low spreads on around 170 financial instruments. All trading is done through the user-friendly and industry standard MetaTrader 4 (MT4) platforms. This intuitive platform makes it easy for clients around the globe to access and manage their trading account across desktop, web and mobile devices. I found them to have very competitive trading conditions along with convenient account funding options and a helpful 24/7 customer support team. The minimum deposit is low at just $10 whilst free demo accounts are also available – you just want be planting any trees in this instance! I think they have a decent offering but would like to see them regulated with at least one top-tier regulator.

Pros & Cons

  • User-friendly MetaTrader 4 platforms
  • Good range of financial instruments to choose from
  • Low spreads and free transactions
  • Zero commission trading accounts
  • Eco-friendly broker partnered with Ecologi
  • CedarFX plants 10 trees for every lot traded
  • Minimum deposit is just $10
  • Free demo accounts to practice trading
  • Excellent 24/7 customer support team
  • Bitcoin withdrawals only
  • Limited educational materials
  • No managed accounts for investors
  • No Islamic swap-free accounts
  • Demo accounts expire after 14-days


CedarFX is an eco-friendly trading broker offering you six asset classes to trade online with zero commission, competitively low spreads, reliable execution speeds and ultra-fast withdrawals. The broker operates utilising 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. I always prefer using a broker without a dealing desk as this means that there should be no conflict of interest. I wouldn’t feel comfortable knowing the broker can take the opposite side of my position and set their own market prices. I would describe CedarFX as a no-frills broker with the pricing, technology and trading environment that can enable you to make the most out of your trades. If you are looking for all the bells and whistles, you may wish to consider another option from our best brokers page.


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. Ecologi is the platform for climate action. Their community of individuals, families and businesses are funding a huge range of leading climate solutions, to one day be responsible for helping to reduce the world’s emissions. 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. This is a great feature of that I have not seen from any other broker which makes CedarFX standout in an already crowded industry.

AvaTrade Logo

Our #1 Broker 2024

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

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


When it comes to choosing a broker, regulation is one of the first things that I look for. CedarFX is registered in St. Vincent and the Grenadines. Unfortunately, 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 regulated, I recommend checking out AvaTrade as they are regulated in multiple jurisdictions and have a very good selection of trading products and services.


As they are not currently regulated, the broker can accept clients from most countries across the globe. However, in the rare instance your country is not accepted by CedarFX, please feel free to check out our broker comparison tool for some alternative options.


MetaTrader 4 (MT4)

CedarFX provide you 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. It is also always up to date which is great. The MT4 trading app can be very 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 am a big fan of trading apps and constantly find myself checking the latest market news and progress of my trades. I think all of the MT4 platforms are very user-friendly and should have more than enough features for most traders.

MetaTrader 4 Platform

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. The platform can be fully customised to be a simplistic or complex as you need it to be. I have used MT4 for many years now and find it ideal for both manual and automated trading. Everything is easily accessible from one intuitive interface.

Some of the key MT4 platform features include:

  • Multiple chart types and timeframes for a detailed look at the markets
  • Support for various order types including instant, pending and limit
  • 70+ technical indicators & drawing objects for in-depth market analysis
  • Automated trading via expert advisors (EAs)
  • MQL programming interface to create custom tools
  • Marketplace to share ideas and tools with other traders
  • Set custom price alert notifications via pop-ups, email and SMS
  • Access your account to trade on desktop, web and 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. There is also the MQL editor where you can code your own trading tools for the platform or get a freelancer to do it for you. However, I was slightly disappointed to see the broker does not have any separate stand-alone tools such as Trading Central or Autochartist. For a better selection of trading tools including those that I have just mentioned, you could check out GO Markets instead.


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. I think it is important that beginners are provided with content so they can make informed decision. However, the free demo account option is a good way to get a hands-on feel for trading online. Otherwise, for a good variety of educational resources, you could check out CM Trading as they have plenty.


CedarFX gives you direct access to global financial markets, with a decent choice of over 170 trading instruments across six asset classes available through MetaTrader 4. You can choose to trade forex, cryptocurrencies, stocks, indices and commodities all through a single platform. Whilst they have a good selection of currency pairs, I did find the total instruments to be lacking when compared to some other brokers like Firstrade who are offering a much larger selection of trading instruments.


CedarFX has two account types, the standard trading account with 0% commission and the eco account. The only difference between these two accounts is the commission rate. With a 0% Commission Account, traders can trade all assets without paying any commission to the broker. With an Eco Account, traders are charged $1 commission per lot traded, and all commissions will be used to support environmental causes through Ecologi. All other aspects of the account, such as spreads, leverage and instruments, are identical. By choosing to use a Go Green Account, you can help them on their mission to make the world greener, one trade at a time.

Spreads are variable starting from 2.2 pips on the EUR/USD currency pair. These are not the lowest spreads you will find so I wouldn’t say they are suitable for anyone who is scalping. However, it is worth considering that there is no commission fee charged on top as it is already included in the spread mark-up. If you want raw spreads from 0.0 pips, XM Group are worth a look.

Hedging and scalping is allowed but arbitrage trading is not. There is no swap-free account option so Muslim traders would need to look elsewhere – CAPEX being an option. There’s no limit to how many Demo and Live Trading Accounts clients can open. Traders can also use different leverage settings and currencies for multiple accounts. There is flexible leverage of up to 1:500 available.

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 which is quite uncommon. There are many brokers who have non-expiring demo accounts such as IC Markets.


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 have a live chat option on their 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. The minimum deposit in Bitcoin is $10. However, kindly note that all bitcoin transactions are subject to blockchain and miner fees, regardless of the size of the transaction. The minimum deposit for other payment methods is $50. Some fees may be charged when using certain payment methods. With multiple deposit and withdrawal methods available, including Crypto transactions, clients benefit from fast access to their account and funds without excess waiting times.

CedarFX aims to process all withdrawal requests within 24 hours. 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. I appreciate how they have simplified funding as much as possible by removing all unnecessary steps to help streamline the process.

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.


CedarFX gives you the option to trade on 170+ different financial instruments across a range of categories including cryptocurrencies, forex, commodities, stocks, and indices. From digital gold to actual gold, and major currency pairs to minors, crosses, and exotics, they are a brokerage for every kind of trader. The cutting-edge platform arms traders with built-in tools to thrive in the cut and thrust of the global markets. You can enjoy zero-commission trading, no-fee transactions, and ultra-low spreads with CedarFX.

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, even if they are limited to just 2 weeks which is nowhere near enough time in my humble opinion. The standout feature for this broker is the fact that they are doing their part for the environment by donating funds to plant trees. However, I believe they could improve in some areas of their trading service by adding regulations, educational resources and some more instruments. They also don’t have the lowest spreads which may not be ideal for day trading.

If you are looking for trading online with minimal fuss and support the environment, then they are certainly worth consideration. If you are an aspiring day trader looking for all the tools that you can get your hands on, then you may want to choose another broker from our broker reviews.

CedarFX Logo


CedarFX is an online broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds.

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

About the Author

trading brokers logo

Trading Brokers
Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.