Forex CedarFX Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

2.1

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.3

Business 1.6

Risk Control 1.9

Software 2.6

Regulatory 2.1

Terminal Snapshot

CedarFX Trading Conditions

Registered Region Mauritius

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number N/A

Website www.cedarfx.com

Balanced Review

Pros & Cons

Pros

0% commission trading model
Wide range of over 180 financial assets
Robust MetaTrader 4 platform support
24/5 customer support availability
Low minimum deposit requirement ($10 for Bitcoin)

Cons

Unregulated status raises concerns about safety and investor protection
Withdrawal issues reported by some users, indicating potential delays or complications
Limited research and educational resources available for traders
Higher spreads compared to some competitors
No dedicated customer support phone line available

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	CedarFX	KCM Trade	MH Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Mauritius	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	2.1/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does CedarFX Offer?

Account Type	Target User Group	Key Characteristics	Applicability Notes
0% Commission Account	Cost-conscious traders	No commissions on trades, low spreads	Minimum deposit of $10 (Bitcoin) or $50 (other methods)
Eco Account	Environmentally conscious traders	$1 commission per lot, funds donated for tree planting	Minimum deposit same as 0% commission account

Account Opening Process

To open an account with CedarFX, users need to complete several steps. First, personal information such as name, email, and password must be submitted. Following this, employment and financial information will be required for verification. Identity verification includes providing a government-issued ID and proof of address. It is possible to upgrade to a professional account in the future if desired. The process is designed to be straightforward to facilitate quick access to trading.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.6	$0	No commission on trades
CFDs (Stocks, Indices, Commodities)	Variable	$0	Low spreads available
Cryptocurrencies	1.0%	$0.1	Variable depending on volatility

Other Fees

Other costs associated with trading at CedarFX include deposit and withdrawal fees, which are generally not charged by the broker, although financial institutions may impose processing fees. An inactivity fee of $10 may be charged after 180 days of account inactivity. Additionally, overnight interest (swap rates) may apply depending on the instruments traded, and currency conversion fees might be incurred for transactions in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

CedarFX User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Reddy Shiva

New York, NY

★ ★ ★ ★ ★

I’ve been with CedarFX since I started trading in 2021. As a novice forex and crypto trader, I couldn’t have asked for a better broker. Affordable, convenient, and reliable—CedarFX has exceeded my expectations. Their friendly support and transparent fee structure are something I haven’t found with other brokers. If you’re new to trading, I highly recommend CedarFX!

Jungle 78

Los Angeles, CA

★ ★ ★ ★ ★

I’ve been using CedarFX for nearly a year now. My withdrawals are processed the same day, which is fantastic. I appreciate the low spreads and the fact that they offer a 0% commission account, which is a real saver for my trading style. Their customer support is available 24/7, which is a big plus for someone like me who trades often. Overall, I can recommend them without hesitation.

Pound Trader

London, UK

★ ★ ★ ★ ★

I faced significant issues with my withdrawals from CedarFX. It took six weeks for my withdrawal to clear due to low fees they used, which was incredibly frustrating. While I still trade with them, I can’t ignore the delays and complications I experienced. Customer support has been unhelpful in resolving this situation, which is disappointing.

Elgato TX

Toronto, Canada

★ ★ ★ ★ ★

My experience with CedarFX was a nightmare. After making some profits, they froze my account and then closed it without explanation. Their customer service refused to assist me further, leaving me in the dark about my funds. I strongly advise against trading with them, as the lack of regulation raises serious concerns about safety.

Mauritius Market