CedarFX Review: Regulation, Spreads & Leverage
STP/ECN broker based in St. Vincent and the Grenadines with MetaTrader 4, a $10 minimum deposit and leverage up to 1:500.
- STP/ECN
- 1:500 Leverage
Your money is at risk
In this CedarFX review
CedarFX overview: what kind of broker is it?
CedarFX is an STP/ECN forex and CFD broker based in St. Vincent and the Grenadines, founded in 2020. None.
Traders get MetaTrader 4, spreads from variable, leverage up to 1:500 and a low $10 minimum deposit. New clients can also check the current 0% Commission Account / Eco Account.
Tradable markets include Forex, Cryptos, Stocks, Futures, Indices, Metals, Futures.
CedarFX broker specifications
Company and regulation
| Broker | CedarFX |
|---|---|
| Regulated by | None |
| Type of broker | STP/ECN |
| Country | St. Vincent and the Grenadines |
| Foundation year | 2020 |
| Website | Visit CedarFX website |
| Website languages | English |
Trading conditions
| Minimum deposit | $10 |
|---|---|
| Maximum leverage | 1:500 |
| Minimum spreads | variable |
| Base currencies | EUR, USD, GBP, BTC |
| Tradable instruments | Forex, Cryptos, Stocks, Futures, Indices, Metals, Futures |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Trading in public | Yes |
Bonus and promotions
| Current promotion | 0% Commission Account / Eco Account |
|---|---|
| Welcome bonus | No |
| Standard no deposit bonus | No |
Contact details
| Telephone | No |
|---|---|
| support@cedarfx.com | |
| Fax | Not available |
| Head office | First Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent and the Grenadines |
CedarFX bonus
CedarFX promotes a 0% Commission Account / Eco Account for new traders. It is a simple way to test the broker's MT4 execution, spreads and withdrawal process before you add more of your own money.
How to claim the CedarFX bonus
- Open a live account through the Visit Broker button.
- Verify your email, phone number and identity (KYC).
- Request the bonus from your client area or from support.
- Trade the required volume, then withdraw your eligible profit.
Bonus terms (required lots, time limit and withdrawal rules) can change at any time. Always read the latest conditions on the CedarFX website before you claim.
CedarFX pros and cons
Pros
- Regulated: None
- 0% Commission Account / Eco Account for new traders
- Low $10 minimum deposit
- Spreads from variable, STP/ECN execution
- MetaTrader 4 on every device
Cons
- Bonus comes with trading-volume rules
CedarFX account types
CedarFX offers several account options so beginners and experienced traders can both find a fit. All live accounts start from a $10 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | No |
| VIP account | No |
| Islamic (swap-free) | No |
| Managed account | No |
| Segregated client funds | Yes |
CedarFX trading platforms
CedarFX runs on MetaTrader 4, which gives you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.
CedarFX deposit and withdrawal methods
CedarFX supports 2 deposit methods.
Banks and cards
Crypto
Withdrawal methods
Is CedarFX safe and legit?
CedarFX is a regulated broker. None. The broker says client money is kept in segregated accounts, separate from company funds.
Our verdict on safety
CedarFX is a legitimate licensed broker. Start small, test a withdrawal early and use sensible leverage.
About CedarFX
Some news
Who should choose CedarFX?
Good fit for
- Traders who want MT4
- Bonus hunters testing a new broker
- Scalpers, hedgers and news traders
Think twice if
CedarFX FAQ
Is CedarFX regulated?
Yes. None.
What is the CedarFX minimum deposit?
The minimum deposit to open a live CedarFX account is $10.
Does CedarFX offer a bonus?
CedarFX currently promotes a 0% Commission Account / Eco Account for new traders. Bonus credit normally has trading-volume and withdrawal conditions, so read the latest terms on the broker's website before claiming.
What is the maximum leverage at CedarFX?
Leverage goes up to 1:500. High leverage increases both potential profit and potential loss, so most traders use far less.
Which trading platform does CedarFX use?
CedarFX uses MT4 Desktop, Mobile, WebTrader.
Does CedarFX offer Islamic swap-free accounts?
No. CedarFX does not list Islamic swap-free accounts.
How can I deposit and withdraw at CedarFX?
You can use Bitcoin (BTC) Visa/Mastercard and Wire Transfer.