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What is CedarFX?
Broker overviewCedarFX is an STP / ECN forex broker founded in 2020 and based in St. Vincent and the Grenadines. It offers forex, cryptos, stocks, futures, indices, metals, futures on MT4 Desktop, Mobile, WebTrader.
CedarFX is regulated by None. Its listed office is First Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent and the Grenadines.
This review explains what you actually get: how safe the broker is, what trading costs look like, how deposits and withdrawals work, what the CedarFX bonus offers, and who the broker suits best.
- ✓Regulated since 2020 by None, with segregated client funds.
- $Cost to start: $10 minimum deposit and spreads from Variable.
- ⚡Flexible trading: leverage up to 1:500, hedging, scalping and news trading allowed.
- %Bonus: no welcome bonus listed, no no-deposit bonus.
Our short verdict
CedarFX stands out for its None licence, a very low $10 minimum deposit and MT4, Web trading. The main thing to watch: no Islamic (swap-free) accounts.
More about CedarFX
Some news
Is CedarFX safe and regulated?
CedarFX is supervised by 1 authority. Our listing shows these licences:
| Regulator | Region | What it means for you |
|---|---|---|
| None | — | Licence listed for this broker. |
Client money is held in segregated accounts, separate from the company's own funds. Before you sign up, check which CedarFX company will hold your account, because protection levels can differ between regions.
CedarFX account types and trading conditions
These are the main trading conditions listed for CedarFX.
| Feature | CedarFX |
|---|---|
| Minimum deposit | $10 |
| Minimum spreads | Variable |
| Max leverage | 1:500 |
| Execution | STP / ECN |
| VIP accounts | No |
| Mini accounts | No |
| Swap-free (Islamic) | No |
| Managed accounts | No |
| Free demo account | Yes |
| Strategies allowed | Hedging, scalping, news trading |
CedarFX trading platforms
CedarFX supports MT4 Desktop, Mobile, WebTrader. MetaTrader 4 remains the favourite for forex and Expert Advisors.
Web and mobile trading
Web trading: Yes. Mobile trading: Yes. Markets available: Forex, Cryptos, Stocks, Futures, Indices, Metals, Futures. The website is available in English.
CedarFX deposit and withdrawal methods
CedarFX accepts these deposit methods:
- Bitcoin (BTC) Visa/Mastercard
- Wire Transfer
Withdrawals are available by Bitcoin (BTC).
Accounts can be held in EUR, USD, GBP, BTC. Choosing the currency you deposit in avoids conversion fees. Your account must be verified (ID and proof of address) before the first withdrawal.
CedarFX bonus and promotions
These are the promotions listed for CedarFX:
Promotion offered by CedarFX. Check the broker's terms for trading volume and withdrawal conditions.
CedarFX no deposit bonus: CedarFX does not offer a no deposit bonus. See our up-to-date list of forex no deposit bonus offers. Every offer has volume and time conditions, so read the terms first.
CedarFX pros and cons
Pros
- Regulated by None (since 2020)
- Very low $10 minimum deposit
- MT4, Web trading
- Hedging and scalping allowed
- News trading allowed
- Free demo account
Cons
- No Islamic (swap-free) accounts
- No no-deposit bonus
- Very high 1:500 leverage greatly increases the risk of loss
How to open an CedarFX account
- RegisterClick "Visit Broker" and fill in your name, email, country and password.
- Verify your profileUpload a passport or ID card and a recent utility bill or bank statement.
- Choose an accountPick the account type, base currency and leverage that suit you.
- Fund and claim the bonusDeposit from $10 and opt in to the promotion if your region qualifies.
- Start tradingLog in to MT4, Web. Practise first on a free demo account.
CedarFX customer support and contact
These are the contact details we have on file for CedarFX:
CedarFX review FAQ
Is CedarFX a regulated broker?
What is the CedarFX minimum deposit?
Does CedarFX offer a no deposit bonus?
What is the maximum leverage at CedarFX?
Which platforms does CedarFX support?
Is CedarFX good for beginners?
Final verdict: should you trade with CedarFX?
CedarFX scores 3.8 out of 5 in our review. Its strongest points are its None licence, a very low $10 minimum deposit and MT4, Web trading. Keep in mind: no Islamic (swap-free) accounts; no no-deposit bonus.
If your main goal is a free no-deposit bonus, CedarFX is not the right fit. Compare it with other options on our best forex brokers page before deciding.