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Reviewed by 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.
Conclusion
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.
