CedarFX broker review
On this page, we review the cedarfx broker. CedarFX is a newly established broker whose special services include offering a commission-free trading account. Stay with us for more information about Cedar FX broker.
| Broker name | CedarFX |
| Established year | 2020 |
| Spread rate | average |
| Central office | Saint Vincent and the Grenadines |
| Regulation | - |
| Minimum deposit | 10$ |
| The easiest way to deposit and withdraw | Bitcoin |
- CedarFX Broker Review Summary Table
Cent Account
Copy Trading
Spread Reduction Trick
Islamic Account
Permission To Trade Scalping
What you will read on the CedarFX broker page:
- cedarfx broker review video
- What is cedarfx?
- cedarfx broker credit
- Where is the head office of cedarfx Broker?
- cedarfx broker history
- Table of introduction and comparison of account types in cedarfx broker
- The amount of spread in the cedarfx broker
- Islamic account in cedarfx broker
- Deposit and withdrawal in cedarfx broker
- cedarfx broker bonuses
- Necessary documents for identity verification
- cedarfx broker trading platforms
- cedarfx copy trading broker
- Advantages and disadvantages of cedarfx broker
What is CedarFX?
Cedarfx is the name of one of the brokers active in the forex market. It has two trading accounts, one of which has a commission and one of which has no commission, and one of the very interesting features of the cedarfx broker is that this broker spends the commission received from the traders. Planting trees and carbon reduction projects, in this way, people who love the environment can take an important step towards the preservation and survival of their surroundings by using accounts with commissions of this broker.
cedarfx broker credit
Usually, reputable brokers have two characteristics compared to others: they have regulations and a long history. Of course, it is also very important to pay attention to the fact that a broker is newly established, and new does not mean that the broker is unreliable. However, having a long history is one of the reassuring items for traders. Cedarfx Broker was founded and opened in 2020 and is unregulated.
cedarfx broker rules
Unfortunately, according to our investigations, the cedarfx broker is not under the supervision of any regulatory organization.
Where is the head office of CedarFX broker?
Cedarfx broker is located in Saint Vincent and the Grenadines.
How many years of experience does cedarfx broker have?
The cedarfx broker was founded and opened in 2020, and in terms of its history, it can be considered a novice broker, although it is obvious that this broker’s experience will increase with time.
Table of introduction and comparison of account types in cedarfx broker
| Profile / account name | 0% commission | Eco account |
|---|---|---|
| Minimum deposit for opening | 10$ | 10$ |
| Spreads | Starting from 0.6 | Starting from 0.6 |
| Commission | 0 | $1 per trade lot |
| Maximum leverage | 1:500 | 1:500 |
| Ability to trade currency pairs | Yes | Yes |
| Ability to trade stocks and indices | Yes | Yes |
| Possibility of digital currency trading | Yes | Yes |
| Scalp permission | Yes | Yes |
| Permission to use Expert | Yes | Yes |
As you can see in the table above, cedar fx broker offers users two types of multiple trading accounts, which we will examine further.
Opening a Eco account
You can open an Eco account at cedar fx Broker with a minimum deposit of $10. This account has a maximum leverage of 1:500, and the spread starts from 0.6 pips. Also, this broker receives a $1 commission from traders per lot trade, which spends it on tree planting and carbon dioxide reduction projects.
Opening a commission 0% account
As the name of this account suggests, cedar fx broker does not receive any commission from traders in this account, the spread of this account starts from 0.6 pips, and you can open this account with a minimum deposit of 10 dollars and the benefits of this account such as maximum leverage Use 1:500.
cedarfx broker spread
The spread of cedar fx broker is floating, and you can get detailed information about the details of trading accounts by opening a demo account in this broker. Still, in general, the start of the spread for the popular currency pair EUR/USD can be considered from 0.6 pips. Also, After the initial registration in this broker, you can choose whether to do transactions without or with the commission.
cedarfx broker Islamic account
According to our discussions with the cedarfx broker support team, it is currently impossible to use an Islamic account in this broker. Still, this broker intends to launch an Islamic account in the very near future.
How much deposit can you open a real account in cedarfx broker?
If your deposit is with Bitcoin, the minimum capital required to open an account at FX Brokerage is $10.
Deposit and withdrawal in cedarfx broker
cedarfx broker offers two deposit and withdrawal methods to its users, i.e., using Bitcoin and Instacoins; you should note that depositing money with each of these two methods takes up to 6 hours, and when users request to withdraw money, then After 24 hours,, these requests will be reviewed by the support team and the funds will be transferred to the user’s account.
bonuses
Currently, the cedarfx broker does not offer any bonuses, including welcome and deposit bonuses.
What documents are required to verify identity in cedarfx broker?
One of the advantages of cedarfx broker is that this broker does not need to provide any documents for identity verification traders can trade in this broker without identity verification.
Tradable assets and trading in cedarfx broker
By opening an account in cedarfx broker, traders can transact and trade numerous symbols such as digital currencies, currency pairs, indices and stocks, precious metals, commodities, etc., and you can enter the main website of this broker to see the list of all tradable symbols in View this broker.
cedarfx broker trading platforms
Cedarfx Broker supports MetaTrader 4 software in order to provide its trading services, and you can click on the links below to download this platform.
MetaTrader 5
MetaTrader 4
cedar fx broker copy trading account
Some brokers offer the copy trade system to amateur traders to copy the trades of top traders, and this method is an excellent and safe way to earn dollars. Still, unfortunately, this possibility is not available in the cedarfx broker.
cedarfx broker scam
Unfortunately, in recent years, some profit-seeking people have been deceiving and abusing people by using clever methods and introducing themselves as reliable brokers. So, it is better to carefully check several users’ opinions when opening a broker account. Check with the broker in question. Fortunately, we have not received any reports of cedarfx broker fraud so far.
Advantages of cedarfx broker
- No need for identity verification
- Offering a commission-free account
Disadvantages of cedarfx broker
- Not having a rule
- Little history
- Not having an Islamic account
- Not having a copy trade system
