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Click on your operating system to directly download MetaTrader. You can also trade from dowmarkets your web browser in as little as a single minute with CedarFX’s web trader option. The brokerage is owned by Cedar LLC and based in St. Vincent and the Grenadines. Traders can practice their strategy and get familiar with the MT4 platform before trading using deposited funds, all through the use of a free Demo Account. Unfortunately, there are no VIP schemes, loyalty programmes, or any other rewards for CedarFX traders.

1. We will match that amount and 100% of funds collected will be sent to Ecologi, which will go towards planting trees and supporting carbon reduction projects across the globe.
2. As you have already guessed by its name, the 0% Commission account is fee-free across the board, while Eco account holders pay a 1% charge on all completed transactions.
3. Enjoy zero-commission trading, no-fee transactions, and ultra-low spreads with CedarFX.
4. Though CedarFX doesn’t offer as many investing education tools as some other brokers, it still has a number of unique features that you can use to learn more about the market before you enter.
5. Our queries were dealt with rapidly via live chat in all of our testing, with a slight delay via the messaging system.

Learn to Trade

We value our clients’ ambition, and we provide 0% Commission Accounts to help them make the most of their funds. At CedarFX, we believe in the importance of sharing knowledge to help traders succeed. Our collaborative spirit helps us provide our clients with all the tools they need to help them grow. Asktraders is a free website that is supported by our advertising ifc markets review partners. As such we may earn a commision when you make a purchase after following a link from our website.

Solid all rounder with good spreads despite low or no commission accounts. Though CedarFX doesn’t offer as many investing education tools as some other brokers, it still has a number of unique features that you can use to learn more about the market before you enter. Let’s explore a few of our favorite tools that CedarFX offers that might be of particular use to newer or less experienced investors. Hedging and scalping are allowed other than, in the case of the latter, arbitrage trading. CedarFX claims on its website to charge low spreads – as you would expect. However, at the time of writing this broker review, it was charging 0.8 pips for EUR/USD positions and 1.2 pips on GBP/USD, so the jury is out on just how low its spreads are.

There’s no prohibition on the tools you can use either, so MT4’s Expert Advisors, auto traders and other robots can be utilised. It’s all very standard as far as CedarFX’s trading platforms are concerned, with MT4 offered across desktop and mobile devices plus WebTrader for those who prefer not to use designated software. After creating your CedarFX account, visit your account homepage and open the taskbar on the left hand side of the platform.

CedarFX Fees and Account Minimums

Some traders will consider this a fantastic initiative, while others might just think that its stance is something of a gimmick. In this CedarFX broker review, we will explore whether this firm offers a useful trading platform that all traders – whether they are fans of foliage or not – can take full advantage of. Though CedarFX doesn’t maintain an official minimum that you must keep in with your brokerage account, the forex broker charges varying minimums for deposits. There is a minimum deposit of $10 when you fund your account with Bitcoin and a minimum deposit of $50 for all other payment methods. That’s why CedarFX gives you the option to trade on 183 different financial instruments across a range of categories—cryptocurrencies, forex, commodities, stocks, and indices.

CedarFX Customer Support

In our testing, we found the broker’s customer support team to be both helpful and knowledgeable when a variety of questions were asked. The 0% Commission account is as described, with no fees charged per trading lot. The Eco account sees a flat rate of $1 commission per lot paid, which is then funnelled into its ecology programme.

A progress bar will guide you in your steps to fully open your account. At CedarFX, we’re passionate about giving back to the community and our newly-launched Eco Accounts are designed to do just that. By creating an Eco Account, you’ll be helping us contribute to a more sustainable future. With zero commission and ultra-low spreads, the road to success has never been simpler.

No negativity can be attached to CedarFX’s customer support team, who are available round the clock via several different methods. More than 180 tradeable assets are available via CedarFX’s trading platform, and you can use all of the standard charts and instruments to enjoy the insight you need to close out green positions. There are two different account types available at CedarFX, and while it essentially offers the same trading conditions, there is one notable difference. In essence, the level of fees you pay with CedarFX will be determined by which account type you choose to open – Eco or 0% Commission. As you have already guessed by its name, the 0% Commission account is fee-free across the board, while Eco account holders pay a 1% charge on all completed transactions. Funds raised are then ploughed back into the broker’s environmental projects.

You can open both a 0% Commission Account and an Eco Account if you choose. We found it easy to deposit into our account, though it should be noted that the payment methods that the broker accepts are relatively thin on the ground – more on that shortly. Withdrawals are processed on the same day as they are actioned, which gives CedarFX a significant head start on many other brokers. Traders already familiar with MT4 will know how easy it is to use the software.

Still, as we know, MetaTrader is the most sophisticated and reliable platform available today, and so most traders will not be disappointed. There are brokers out there that offer a more comprehensive selection of stocks to trade than CedarFX. However, you should still find many of your favourite options available.

If you are an environmentally conscious trader, CedarFX might be exactly what you are looking for. For every lot traded, the broker has committed to planting 10 trees, and barely a few months after opening its doors for the first time, CedarFX has already planted 5,690 trees. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. If you’ve never opened a brokerage account before, complicated signup processes and the range of account options can be intimidating. CedarFX combines affordable investing with a platform that’s simple enough for beginners.

Live and Demo Accounts

There will be experienced traders reading this who have traded with offshore and unregulated brokers in the past, and who may have had positive or negative experiences along the way. The black mark against CedarFX’s name comes when we consider the research and education materials it offers its clients – or a complete lack thereof. Of course, we would like to see MT5 or some kind of proprietary software offered.

From digital gold to actual gold, and major currency pairs to minors, crosses, and exotics, we’re a brokerage for every kind of trader. With multiple deposit and withdrawal methods available, including Crypto transactions, clients benefit from fast access to their account and funds without excess waiting times. Deposit fees are tiny, and there is a low minimum deposit in place, which opens the door for traders of all budgets to get involved. Deposits are typically free of charge unless you opt to deposit via bitcoin – here, the Bitcoin Network imposes a fee of 0.0005BTC. There are no overnight charges on non-leveraged trades and no fees for short and medium-term inactivity.