CedarFX Review 2024

CedarFX Review 2024 Visit CedarFX
Overall Rating
Commissions Rating
Education Rating
Service Rating
Voting Please login to vote
Nominated in Best Trade Executions
Best Dealing Room
Founded 2020
Regulation n/a
Standard account $100
Leverage 1:200
Spread 0.03-2
Forex Awards CedarFX Awards
Written by Stephane Dubois Written by Stephane Dubois
Reviewed by Sandro Pontedra Reviewed by Sandro Pontedra
The rating system featured by Forex Awards is an effective, trustworthy and unbiased tool to find the Best Forex Brokers worldwide. Forex Awards methodology.

CedarFX General Information

Environmental issues can no longer be left on the backburner, and companies across many industries are making sustainability a priority for the year ahead. CedarFX – the online broker dedicated to helping clients grow – is leading the way for eco-friendly trading within the online trading sphere. In 2020, the broker announced the launch of a new Eco Account option, capturing the attention of traders from all over the world. In this review, we will look at what CedarFX has to offer – including tradable assets, features, account types and support.

Tradable Assets Offered by CedarFX

CedarFX uses the award-winning Meta Trader 4 to give traders access to over 180 assets through a single platform. Traders can open positions on over 55 forex majors, crosses and exotic currency pairs and 35 cryptocurrency pairs with CedarFX. Moreover, the online broker offers CFDs on a wide range of stocks, indices, metals and commodities. Traders can also use techniques such as hedging and scalping, as well as implement EAs to maximise their profits.

What Features does CedarFX offer?

CedarFX offers ultra-low spreads to keep its clients’ trading costs to a minimum. Low spreads play a central role in determining the profitability of a trade, as a small difference in price could result in a significant difference in profit. In addition to this, CedarFX also provides reliable order execution as an ECN/STP Broker. Traders are given the option to apply high leverage to their trades of up to 1:500 for forex and metals, 1:200 leverage for indices and commodities, 1:100 leverage for all cryptocurrency pairs and 1:20 leverage for stocks.

CedarFX also provides quick, ultra-fast withdrawals and the option to deposit funds instantly via Bitcoin. You can test out their platform through a free demo account, which provides identical trading conditions to a live account! 

CedarFX Account Types

CedarFX offers two account types, namely the 0% Commission Account and the Eco Account. The 0% Commission Account offers no-cost transactions on all trades, freeing up client funds from excess fees and enabling them to use their full deposit to trade. The Eco Account carries a commission of just $1, which is matched by the broker to support their tree planting initiatives and funding of CO2 reduction projects. Details on how CedarFX uses commissions to plant 10 trees per lot traded can be found on their website CedarFX - Forex Broker. 

24/7 Customer Support

If you’re ever in need of support, CedarFX’s 24/7 customer support team has got clients covered. They are available to assist with questions related to setting up accounts, general information about the platform and markets, as well as queries related to trading on the MT4 platform. This provides ease of mind to traders, even during the weekends, as there is always someone available to help via live chat, email or by requesting a call back. 


Creating an account and depositing funds is simple to do with CedarFX and traders can begin trading in a matter of minutes. The features and support offered by the broker are unparalleled, and its ultra-low spreads and 0% Commission Account option make trading more affordable than ever. In addition, they have proven their dedication to making a positive impact on the environments, and traders can support their mission by choosing the Eco Account option. 

CedarFX Trading Information 2024

Trading software MT4, WebTrader
Free Education 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
Account Types 0% Commission Account: We’ve eliminated all commission fees to help traders make the most of their funds. Now, you can use the full amount of your deposit to open positions! Our spreads are kept low, ensuring that trading costs are minimised across all 180+ tradable assets available on our platform. Plus, whether you deposit in Bitcoin or Fiat currency, we don’t charge any fees on your transactions. Traders can also get access to their funds at no cost, with same-day Crypto withdrawals. CedarFX Eco 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 an Eco account, you’ll be charged $1 in commission. 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. Whether you opt for a 0% Commission Account or an Eco Account, traders can open both Demo and Live accounts on the MetaTrader 4 platform. Both account types come with identical features, the only difference being that you don’t need to trade with real money when using a Demo version. Demo accounts are ideal for traders to get used to the platform and practice their strategies before going live. Once you’ve gained confidence, you can put your skills to the test on a Live account!
Support Our aim is to help traders grow by providing all the support you need to flourish. 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. CedarFX
Commodities UKOil, USOil
Indices AUS200, FRA40, NAS100, US30, ESP35, GER30, SPX500
Cryptocurrencies BTC/USD, ETH/USD, LTC/USD, XRP/USD
Investments Portfolios One market leading broker to trade ‘em all. Branching out is in our DNA. 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. From digital gold to actual gold, and major currency pairs to minors, crosses, and exotics, we’re a brokerage for every kind of trader. Our cutting-edge platform arms traders with the tools to thrive in the cut and thrust of the global markets. Enjoy zero-commission trading, no-fee transactions, and ultra-low spreads with CedarFX.
Payment Methods credit cards
Account currencies USD
Commissions Zero Commission Since we don’t charge any commission, traders can use their full deposit to trade Forex, Crypto, Stocks, Indices and Commodities. With 0% commission, we make trading fair and accessible to all.
First Deposit Bonus No
Languages English
Broker Type Broker
Spread Type Variable
Minimum Lot Size 0.01
Digits After Dot 5
Mini Account 100
24/5 Trading
Demo account
Mobile Trading
Automated Trading
Minus Protection

Top 10 Forex Brokers 2024

Forex Broker Review Awards Overall rating Year Regulation Voting dynamics
1 HFM Review HFM HFM Awards 2010 CySEC, FCA, DFS... HFM voting dynamics
2 NordFX Review NordFX NordFX Awards 2008 VFSC, SEBI NordFX voting dynamics
3 Octa Review Octa Octa Awards 2011 SVG Octa voting dynamics
4 NPBFX Review NPBFX NPBFX Awards 1996 IFSC, Financial... NPBFX voting dynamics
5 Alpari Review Alpari Alpari Awards 1998 FSC Mauritius Alpari voting dynamics
6 Otet Markets Review Otet Markets 2023 M.I.S.A, TCMI Otet Markets voting dynamics
7 FXCentrum Review FXCentrum 2019 FSA FXCentrum voting dynamics
8 GVD Markets Review GVD Markets 2023 Comoros GVD Markets voting dynamics
9 IQ Option Review IQ Option IQ Option Awards 2013 n/a IQ Option voting dynamics
10 Exness Review Exness 2008 FSA, CBCS, FSC,... Exness voting dynamics

* Forex-Awards.com accepts no liability for any errors in the information, trading conditions and Forex Brokers' regulation. For the most recent information please visit the official broker's site.