There are two different account types available at CedarFX, and while it essentially offers the same trading conditions, there is one notable difference. It offers clients 55 tradeable pairs, ranging from the standard majors such as EUR/USD, GBP/USD and AUD/USD to exotics and minors from around the world. CedarFX offers a FAQ section that covers some of the most basic questions, such as how to set up an account, information about account types, and a few details about trading on MetaTrader 4. If you’ve never opened a brokerage account before, complicated signup processes and the range of account options can be intimidating.

We value our clients’ ambition, and we provide 0% Commission Accounts to help them make the most of their funds. To ensure that our clients never feel lost, our support agents are available to assist with any queries, at any time. Get in touch with our 24/7 Customer Support Team via the live chat function on our website, by sending an email on or by requesting a callback. As well as creating content, Alan actively invests in the financial markets. This helps him questrade fx to create insightful and actionable content and provides him with first-hand experience with many of the platforms that are covered by TradingPlatforms.com.

CedarFX Review

If you’ve read our reviews before, you might have noticed that we generally do not review unlicensed brokers. We’ve made an exception in this case – CedarFX is legitimate, has a fantastic pricing structure, and offers easy access to the forex market. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs.

• Enjoy zero-commission trading, no-fee transactions, and ultra-low spreads with CedarFX.
• With zero commissions and no transaction fees, we’re a no-frills broker enabling you to make the most out of your funds.
• Apart from planting trees, we also support a wide range of Gold Standard certified Carbon Reduction projects.

In this case, you may want to opt for brokers that provide such features, such as OspreyFX, Plus500, and other established names in this industry. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and spreads, fast, quality execution on every trade. In the future, we’d love to see CedarFX continue to expand its educational offerings to appeal to newer investors and help all of their clients get the most out of their trades.

CedarFX: FAQs

That’s why CedarFX gives you the option to trade on 183 different financial instruments across a range of categories—cryptocurrency CFDs, forex, commodities, stocks, and indices. From digital gold to actual gold, and major currency pairs to minors, crosses, and exotics, we’re a brokerage for every kind of trader. Over the past five years, he has gained experience trading currencies, stocks, options, and futures.

Able to choose from live chat, email or request a telephone call at a time that fits your schedule. Supporting you throughout your trading journey, CedarFX offers both live and demo trading accounts. For beginners, this is a luxury, because instead of having to swim with the sharks right away, CedarFX allows you to hone your skills, perfect your strategy and develop your confidence as a trader. Overall, the lack of additional fees and relatively low spreads for a broker of its size makes CedarFX a competitive choice from a cost perspective. Also, the minimum deposit is only $10, and you can opt for your preferred base currency (EUR, GBP, UAD, or BTC).

• This helps him to create insightful and actionable content and provides him with first-hand experience with many of the platforms that are covered by TradingPlatforms.com.
• You can choose a 0% Commission Account or an Eco Account — or open multiple accounts to meet all your needs.
• To ensure that our clients never feel lost, our support agents are available to assist with any queries, at any time.

Trading Platform

While the spreads may be relatively higher than the previous broker, CedarFX remains quite competitive. Learn more about FOREX.com powerful trading platform and how you can get started today. After creating your CedarFX account, visit your account homepage and open the taskbar on the left hand side of the platform.

However, while CedarFX offers same-day Bitcoin withdrawals, it’s the only available method. And while timing depends heavily on daily Blockchain traffic, Bitcoin proceeds are often transferred immediately. What’s more, you can also access 30 technical analysis indicators, including Bollinger Bands, the Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD). In addition, you have access to the latest financial news, while market orders, limit orders, and three different types of stop-loss orders helping you to plan your attack in advance. However, adhering to a client-first approach, CedarFX ensures that bid-ask spreads are kept to a minimum. As a result, you can be sure that your trades execute at the best possible prices.

Account Fees

Even better, CedarFX has some of the lowest bid-ask spreads in the business. To earn a profit, reputable brokers often take a small piece of the bid-ask spread from each trade. Essentially, the revenue structure is necessary so that brokers can maintain their platforms’ service. Whether you’re into FX majors or exotics, digital assets or metals, CedarFX has you covered. And with 0% commissions, you can trade Apple, Microsoft, Bitcoin and Brent without having to incur any out-of-pocket costs.

Where CedarFX Could Improve 👨‍🔧

As a small, relatively young brokerage, CedarFX has already accomplished a lot – and we’re eager to see how their platform and business will continue to develop in the years to come. Although we don’t particularly hold it against them seeing as how they’ve only been in business since 2020, the fact remains that CedarFX offers clients close to nothing in the way of research. This broker focuses primarily on trading via contracts for difference (CFDs) and has a pretty wide selection of cryptocurrencies that clients can trade. All of ifc markets review that sounds wonderful, and it is – but the brokerage also has a few drawbacks that we’ll be covering in-depth in this review. This is a young business – we’re sure that acquiring a license is just a matter of time for CedarFX, but there’s no going around this one unpleasant fact. The second catch is that all assets that can be traded via this platform are traded via contracts for difference – CFDs.

You can exchange your BTC for USD, GBP and other fiat currencies at many reputable sites. Unfortunately, you cannot make a withdrawal using your preferred card, so Luno exchange review you will need to have an active bitcoin wallet to receive any profits you make via the broker. Our queries were dealt with rapidly via live chat in all of our testing, with a slight delay via the messaging system.

CedarFX Education

He is a skilled writer who is able to cover complex topics in a way that is easy to understand. While CedarFX is an unregulated entity, the independent broker is in full-compliance with the laws governing the St Vincent and the Grenadines region. What’s more, CedarFX also adheres to the European Union’s regulatory framework regarding Know Your Customer and their Anti-Money Laundering laws. For the uninitiated, bitcoin is safe, anonymous, and becoming more readily accepted at several different online stores and merchants.

Theo’s trading experience led him to test out over one hundred different trading services and he shares his insights in reviews to help other traders. MetaTrader 4 is the only trading platform provided by this forex broker. Consequently, unlike Capital.com or Plus500, the broker doesn’t provide any proprietary platforms.