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Bottom line, been a solid broker since I started with them and one of my top main brokers. So, you’ve decided to get exposure to cryptocurrencies. Perhaps you are seeking a geopolitical hedge against political and economic uncertainty, or perhaps you’re excited by the buzz and want in. After you log in to your CedarFX Account, you will need to deposit a minimum of $20, Do your KYC and start investing from your Account by picking a Plan. Dollar-cost-averagingapproach, you’re choosing a plan that works during both bull and bear markets. Sign up to CedarFX & open a trading account on MT4.
Withdrawals are decent and have not had an issue so far. So far I’ve got no issues with this broker and will continue to use them as much as possible. The user interface for Cedar FX is quite simple but comprehensive. All the trading is done via the MT4 platform, which can be downloaded from the Cedar FX site for free. Upon first signing up, new users will not receive bothersome messages from the support team.
They’ve took my attention because of their green policy but that was only the top of the iceberg. Fast withdraws, 0 commissions and responsive support are their other big pluses. There is also email support and live chat support. Tight spreads and no commission means great for day trading and they’re a scalp happy broker. I applaud them for that and the efficiency they have been working for me so they have my custom. Along with my normal forex pairs I like to trade as mentioned I have a number of cryptos to trade too though I tend to stick to BTC, ETH and XRP.
Our Top global Investors
Additionally, there are no limits to access for anyone in any part of the world. It is a transparent, simple, and secure trading platform, which is great for newbies and experienced traders. ON Cedar FX, the standard account, which is accessible to all traders, forex broker listing comes with a zero percent commission. With this platform, traders do not have to worry about any commission fees. The result is that users can keep all their profits. The same applies to spread, which are kept extremely low on all tradable assets.
Besides that, you will need to add a phone number. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. Withdrawals are quick which is always nice to see, soemtimes just a few hours and most of the time will be the same day. I was a bit worried about their regulation status but decided to take a chance on it and everything has been fine so far. I also wish they’d add some educational resources to their site, but you can find a lot of that stuff online for free so it isn’t a big deal to me.
Been running this live alongside 3 other brokers and it consistently gives the highest or second highest profits. I was concerned about the slightly higher spreads with no commission but this does not impact profits if you reduce the TP by maybe a pip. Our aim is to help traders grow by providing all the support you need to flourish.
I use the 0% commission account as don’t really see the point in eco account for me. I’ve been using CedarFX for over a year now, and would highly recommend. Love the 0 commission account which is perfect for my scalping strategy.
- With the no commission accounts it was an easy move and have been happy with the service so far.
- So, you’ve decided to get exposure to cryptocurrencies.
- CedarFX is only affiliated with FXprofitsignals via limited partnership and therefore not responsible for any losses that may occur as a result of usage of their product.
- They have recently added Dogecoin but not something I have tried yet.
- So far I’ve got no issues with this broker and will continue to use them as much as possible.
I went for the 0 commission account personally but even with that the spreads remain quite low. Would recommend them to a novice or established trader. I have been using a different broker for a while and while their raw spread account is great the commission tally up so looked for a lower commission broker. Came across CedarFX who offer either a 0% commission account or $1 per lot account called “eco”. Checked out the spreads expecting them to be poor but they are decent. Majors normally up to 0.8pips and normally lower so very happy.
Free Demo and Live MT4 Accounts
On Cedar FX, the demo account has no time limit and there is no limit on the virtual funds. The free demo account covers all account types offered on the platform. It is an especially useful feature for new users who are trying to learn to trade. They offered similar to my existing broker but more crypto pairs which is something I like to trade and allowed crypto trading 24/7. With the no commission accounts it was an easy move and have been happy with the service so far.
Good customer service, lots of pairs to choose from and good leverage. I’m using the eco account which is one of the main reasons I use this broker, nice to know something limefx positive is coming from my trades. I have to say it was very refreshing to see a forex broker with green incentives and doing their bit to help combat climate change.
We 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. Now, I can trade cryptocurrencies during the weekend as well. My previous broker wasn’t offering weekend trading, so I’m overall happy.
Theforexreview.com needs to review the security of your connection before proceeding. Support is always responsive and helpful, and best of all I’ve been able to help many new Bitcoin users get some of their first Bitcoin. It`s always rewarding to be the first on-ramp to the currency of the future. Your final step is to maintain your crypto investment.
Eco-Friendly Trading for the Future
I moved to these because they have a 0% commission account so thought I would test them out and I’m happy. Of the three brokers I have been with, CedarFX has been the best so far. I really like the eco-friendly aspect and I don’t really don’t mind paying commissions if that’s going for a good cause. Also, I like the crypto-friendly nature of this broker. Support has been on point and helped me through the set up straight away. I’ve gone for the eco account as least u can help the planet at the same time.
I occasionally trade a little bit of crypto over the weekend which they offer which is handy when I want a little flutter. Been using them a while now, first found out about them on one of the forex forums. I prefer to use the eco account as I like that it makes contributions to eco projects as I haven’t seen another broker that does that. They also have a zero commission account but I find the eco one is cheap enough anyway. Pay outs are fast, customer support are helpful and its also great that they plant trees based on volume traded. I enitionaly started using these because of the zero commission account, I figured I had nothing to loose by checking them out.
Last Deposits & Withdrawals
CedarFX is quite decent a broker, which offers some excellent trading features for traders. Their offered features such as same day withdrawal, 24/7 crypto trading and commission free trading coinberry review are handy for traders. Haven’t seen a broker doing an eco account before pretty original. Used them for trading crypto’s and forex for over a year now and no issues with them so far.
With zero commission and
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CedarFX Review
Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing. I opened an account with CedarFX due to them offering an ECO account which plants tree’s the more you trade. I thought this was fantastic in reducing my own personal carbon footprint, as its something we should all be considering. All reviews represent only their author’s opinion, which is not necessarily based on the real facts. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
The platform allows users to fund their accounts in Bitcoin or fiat currencies. No matter the funding method used, there is no transaction fee for deposits or withdrawals. Users receive their withdrawal requests in their crypto wallet on the same day they make the request.