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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.
On the downside I’d like to see a few more indices and commodities/metals. Also bank transfer is 5 days withdrawal like most brokers though think that’s due to the bank checks. Creating an account on Cedar FX is free and quite easy. New users need to provide their name, coinmama review email address, and set a strong password. There is also the option to sign up for the broker with a 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.
- The result is that users can keep all their 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.
- I joined these guys as a liked the way they planted trees based on my trading activity.
- I can’t really see me needing another broker for anything as I have forex and crypto here with these.
- Trading with leverage can wipe your account even faster.
- Their offered features such as same day withdrawal, 24/7 crypto trading and commission free trading are handy for traders.
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 powertrend 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.
I just wanted to write a quick review about my experience with CedarFX. Its been such a pleasant surprise since I began using them. I was always a bit weary about using offshore brokers but this has changed my mind completely. I just wanted to try some scalping and compounding small accounts so started using these as they have 0% commission accounts and low spreads. The thing the most impressed me was the same day withdrawals.
Reach the Top of the Trading Tree with
This broker also offers very competitive spreads and high leverage on both Forex and Crypto pairs. CdarFx value its clients’ ambition, and we provide upto 50% Commission Accounts to help them make the most of their funds. We get you the best investment advice on crypto exchange, Bitcoin digital savings accounts, cryptocurrency ETF affiliate marketing. Since robots have a quicker reaction time than humans, there is no hesitation to open a trade once a signal is triggered, which is highly useful in fast moving markets.
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.
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.
Looking to benefit from FREE EAs?
Made over 40000+ Bitcoin to date and helped over 800 newbies like myself to dive in to this new currency. Bitcoin is the fastest way to deposit funds, so clients can either deposit in Bitcoin directly or buy and send Bitcoin through a third party service. An Expert Advisor, or EA, is an automated software system designed to monitor markets and identify trend signals. EAs can also be used to enable automatic trading by opening, managing and closing trades in your absence. These software programs base their trades according to the algorithm that they follow, which is written in the application.
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 power trend 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.
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.
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.
Notable Features of the Cedar FX Platform
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.
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.
CedarFX Reviews
With multiple deposit and withdrawal methods available, including Crypto transactions, clients benefit from fast access to their account and funds without excess waiting times. 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. Explore the world’s financial markets with competitively low spreads and no commission on six asset classes. Fast withdrawals nice generous leverage I can recommend them.
My favorite broker
Instead, they will get access to a dedicated 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. The acid test for me was whether I got my withdrawals. Being unregulated I wondered how this would go as my first dabble.
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.