Hello Wootfi.com Visitors Today WE Covered CedarFX Review. Please Read Our All review to know more about CedarFX Broker .
About CedarFX
At CedarFX, they believe in the importance of sharing knowledge to help traders succeed. The collaborative spirit helps provide clients with all the tools they need to help them grow. They are an independent Broker with a vision. The aim is to combine the finest market conditions available with unbeatable pricing and technology, creating the ultimate trading environment for clients to grow their accounts. The platform provides fertile ground for traders to practice and improve their skills. With zero commissions and no transaction fees, we’re a no-frills broker enabling you to make the most out of your funds.
CedarFX at a glance
| Minimum Balance | $10 |
| Minimum Withdraw | $10 |
| Trading Fees | Low |
| Regulated | Unregulated |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Mobile App | No proprietary app currently available |
| Customer Support | Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa. |
| Platform | MetaTrader 4 |
| Official Website | Click Here To Visit |
How To Create Account At CedarFX
CedarFX offers many different account types with no minimum deposit requirements, which means US citizens of all financial backgrounds can sign up.
Deposit and withdrawal function of CedarFX
CedarFX enables you to make deposits directly in Bitcoin, which is the main deposit method. Alternatively, you can also use deposit funds via a debit or credit card. The fees and limits associated with both of these payment methods are included below.
| PAYMENT METHOD | DEPOSIT | WITHDRAW |
|---|---|---|
| Bitcoin min/max Fees speed | Yes $10/none Free Instant | Yes $10/none $5 24 hours |
| Debit/Credit card min/max fees speed | Yes $50/none Free Instant | Yes $50/none Free 2 business days |
How much are CedarFX’s fees and commissions?
CedarFX offers variable spreads on every trade instead of charging fixed commissions. This is common for the industry. This means that the service is advertised as having ‘no fees’ but you’ll still be paying a little over the market rate when making trades. Here’s a quick summary:
| FEE TYPE | FEE AMOUNT | COMMISSION |
|---|---|---|
| Forex | None | 1 pip spread |
| Cryptocurrency | None | Variable spread |
| Stocks | None | Variable spread |
| Indices | None | Variable spread |
| Metals | None | Variable spread |
| Commodities | None | Variable spread |
CedarFX trade sizes and limits
CedarFX offers low minimum trade sizes starting from 0.01 lots, all the way up to a 1,000 lot maximum. This is high compared to other brokers in the industry, which often cap maximums well below that of CedarFX’s.
| PRODUCT | MINIMUM TRADE | MAXIMUM TRADE |
|---|---|---|
| Forex | 0.01 lots | 1,000 lots |
| Cryptocurrency | 0.01 lots | 1,000 lots |
| Stocks | 0.01 lots | 1,000 lots |
| Indices | 0.01 lots | 1,000 lots |
| Metals | 0.01 lots | 1,000 lots |
| Commodities | 0.01 lots | 1,000 lots |
Which devices can use CedarFX on?
CedarFX offers the popular MetaTrader 4 trading platform, which is available in your web browser, downloadable onto your desktop, as well as to your iOS or Android mobile device. This means you can use CedarFX on:
- Desktop computers
- Tablets
- iOS Mobile Devices
- Android Mobile Devices
Free Demo and Live MT4 Accounts
Whether you’re looking to practise trading risk-free, or to open a live trading account to start earning, we offer free Demo and Live accounts on the renowned MetaTrader 4 platform. You can even perfect your strategy and acquaint yourself with the platform through a Demo account before depositing any funds. Both account types present identical market conditions, helping you get ready to go live!
High Grade Features Which Offer By CedarFX
Ultra-Fast Withdrawals
They empower traders by simplifying the withdrawal process. We’ve eliminated excess waiting periods and unnecessary steps, and our team processes all withdrawal requests within 24 hours.
Tools for Growth
They aim is to help traders grow by providing all the support you need to flourish. They offer over 170 assets to trade on through the MetaTrader 4 platform, 24/7 support for all clients, as well as informative materials to help you get started.
Zero Commission
Since they don’t charge any commission, traders can use their full deposit to trade Forex, Crypto, Stocks, Indices and Commodities. With 0% commission, they make trading fair and accessible to all.
170+ Tradable Assets Across 6 Asset Classes
Trade major, minor, and some forex pairs, domestic as well as some international stocks, top global indices, metals, commodities, and even USD Dollar futures at 0% commissions and low spreads.
Is CedarFX safe?
CedarFX offers 129-bit encryption to data being transmitted between traders and servers and also employs backup systems and contingency plans to minimise the possibility of system failure, with trading via telephone also available.
CedarFX Customer Support
CedarFX’s customer support offers a number of tools to quickly connect with a representative. Get in touch with the team at CedarFX:
- By phone. To schedule a phone call with CedarFX’s team, fill out a contact request form on their website. A CedarFX representative will give you a phone call during your specified hours of availability.
- Though live chat. Customer support is also available 24 hours a day and 7 days a week through live chat. To access live chat features, open CedarFX’s homepage and click on the orange chat window in the bottom right hand corner of your screen. Enter your name and email tol be connected with a representative.
- By email. You can also contact CedarFX’s customer service team by completing a contact request form. CedarFX’s team will respond to you by email as quickly as possible.
Pros & Cons Of CedarFX Review
| PRO | CONS |
|---|---|
| Allows users to offset their carbon footprint | Limited number of educational resources for new investors |
| 0% commission investing | No proprietary app currently available |
| Offers demo account access | Unregulated |
| 24/7 customer service available through live chat | |
| Eco Account Option (10 trees planted for each lot traded) |
CedarFX Review Conclusion
CedarFX is a newly launched entrant in the online forex broker field. It aims to entice traders over by offering 0% commission trades with low spreads, a free demo account, and the renowned and familiar MetaTrader 4 platform.
Frequently asked questions
How can I open a CedarFX Account?
Fill in the form with your details on the Sign Up page to create a CedarFX Account.
How can I start trading?
After you log in to your CedarFX Account, you will need to deposit a minimum of $10 and create a free MT4 Trading Account to start trading.
What equipment do I need to start trading?
Absolutely none! You can trade on any mobile device, tablet or desktop, as long as you have an internet connection, by downloading the MT4 App or using the Web Trader.
Can I trade using a Demo Account?
Yes, they offer free Demo Accounts which present identical market conditions to our Live Trading Accounts. Demo Accounts are designed to allow traders to practice their strategy and understanding how to use the MT4 Platform, without using any funds to trade with.
