CedarFX Review & User Rating 2021
CedarFX is a forex broker that offer traders access to more than 170 tradable assets. It operates a zero-commission CFD broker. Users of the platform can trade in crypto, forex, stocks, indices, and many others.
|Min. Deposit : 10 USD|
|Max. Leverage : 1:500|
|Headquarters : Vincent and the Grenadines|
The spreads on Cedar FX are extremely low on all assets, which makes in one of most cost-effective platforms. A major benefit of using this platform is that there are no fees. That means there are no withdrawal and deposit fees or inactivity fees.
Simple Registration Process
Creating an account on Cedar FX is free and quite easy. New users need to provide their name, email address, and set a strong password. There is also the option to sign up for the broker with single click via an active Google or Facebook account. To complete the registration process, need to click on the verification link that is sent to your email. Besides that, you will need to add a phone number.
Great User Interface
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 free. Upon first signing up, new users will not receive bothersome messages from the support team. Instead, they will get access to a dedicate customer support team that is available for all issues related to the interface. The user interface manages to be comprehensive without having any excess clutter.
Notable Features of the Cedar FX Platform
- Great Demo Account
One of the upsides of using this broker is that they offer an unlimited demo account. On most platforms, demo accounts are only available for a limited period before users have to open a live trading account. Besides that, most platforms only offer a limited amount of funds. 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 trading.
- Zero Percent Commission Trading
ON Cedar FX, the standard account, which is accessible to all traders, 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.
- Crypto Funding Support
The platform allows users to fund their account 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.
Withdrawal and Deposit Limits
The minimum BTC deposit is $10 while the minimum deposit for bankcards is $50. For withdrawals, the minimum in Bitcoin is $10. There is no maximum limit for making withdrawals.
Customer support is offers 24/7for this broker. There is also email support and live chat support.