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CedarFX
CedarFX Broker Overview
Here is every key fact about CedarFX in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | CedarFX |
|---|---|
| Broker name | CedarFX |
| Foundation year | 2020 |
| Headquarters | First Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent and the Grenadines |
| Country | St. Vincent and the Grenadines |
| Email / Skype | support@cedarfx.com |
| Regulated by | None |
| Type of broker | STP/ECN |
| Min. deposit | $10 |
| Max leverage | 1:500 |
| Min. spreads | Variable |
| Funding methods | Bitcoin (BTC) Visa/Mastercard, Wire Transfer |
| Withdrawal methods | Bitcoin (BTC) |
| Base currencies | EUR, USD, GBP, BTC |
| Languages | English |
| Trading platforms | MT4 Desktop, Mobile, WebTrader |
| Tradable instruments | Forex, Cryptos, Stocks, Futures, Indices, Metals, Futures |
| Web trading | ✓ Yes |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✗ No |
| VIP accounts | ✗ No |
| Managed accounts | ✗ No |
| Segregated accounts | ✓ Yes |
| Islamic accounts | ✗ No |
| Swap free accounts | ✗ No |
| No deposit bonus | ✗ No |
| Promotion | 0% Commission Account / Eco Account |
In simple words: traders get MT4 Desktop and Mobile, spreads from Variable, leverage up to 1:500 and a $10 minimum deposit. New clients can also check the current 0% Commission Account / Eco Account. Tradable markets include Forex, Cryptos, Stocks, Futures, Indices, Metals, Futures.
Is CedarFX Safe? Regulation and Company Details
CedarFX is a regulated broker. None. The broker says client money is kept in segregated accounts, separate from company funds.
Regulation
None
Head office
First Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent and the Grenadines (St. Vincent and the Grenadines)
Client funds
Client money is held in segregated accounts, apart from company funds.
Track record
In business since 2020. Support is reachable by email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:500.
CedarFX Trading Conditions
Spreads and commissions
CedarFX spreads start from Variable. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 1:500, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
MT4 Desktop
Desktop platform
Mobile
Mobile platform
WebTrader
Web platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Web and mobile trading are available.
CedarFX Account Types
CedarFX offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $10 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
Segregated accounts
Client funds are kept apart from company money.
You can open accounts in these base currencies: EUR, USD, GBP, BTC. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at CedarFX
CedarFX supports the deposit and withdrawal methods below. Check the fee and processing time for your method before you deposit.
Withdrawal methods
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
CedarFX Bonus and Promotions
Bonuses are a big reason traders search for CedarFX. Availability depends on your country and the account type.
- 0% Commission Account / Eco Account — the current promotion for CedarFX clients. Check the volume rules before you claim it.
How bonus credit really works
- Bonus credit is used as margin; it usually cannot be withdrawn directly.
- Profits made with the bonus are yours, but a minimum trading volume often applies first.
- Withdrawing money early can remove part or all of the bonus.
- Bonuses are not offered in every country or on every account type.
Bonus terms change often. Always read the latest rules on the official CedarFX website before accepting any offer.
CedarFX Pros and Cons
Pros
- Regulated: None
- 0% Commission Account / Eco Account
- Low $10 minimum deposit
- Spreads from Variable, STP/ECN execution
- MT4 Desktop and Mobile and more platforms
- Hedging and scalping allowed
- Free demo account
Cons
- No managed accounts
- No Islamic (swap-free) account
- No no-deposit bonus
- Bonus comes with trading-volume rules
How to Open a CedarFX Account
- RegisterFill in your name, email, country and phone number on the CedarFX sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (MT4 Desktop / Mobile).
- Fund and tradeDeposit from $10 with your preferred method, claim any eligible bonus, then log in and start trading.
About CedarFX
CedarFX is an STP/ECN forex and multi-asset broker established in 2020 and based in St. Vincent and the Grenadines. It offers up to 1:500 leverage, a minimum deposit of 10, MT4 and a web trading platform, and a free demo account. It does not hold a financial regulatory licence, which is the most important point for any trader to weigh before opening an account. This review covers regulation, fees, platforms, deposits and withdrawals, bonuses and the overall verdict.
CedarFX overview
CedarFX operates as an STP/ECN broker, a model in which client orders are generally passed on to liquidity providers rather than handled as internal bets. The company was established in 2020 and its head office is at First Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent and the Grenadines. The website is available in English.
The broker lists a wide range of tradable instruments, including Forex, Cryptos, Stocks, Futures, Indices and Metals. Clients can open accounts in EUR, USD, GBP or BTC, which makes the broker unusual among traditional forex firms because Bitcoin is offered as a base currency and as a payment method.
CedarFX is publicly traded, according to the information available for this review. Our overall rating for the broker is 3.3 on our rating scale.
Regulation and safety
CedarFX is listed as having no regulation. In practical terms, this means the broker does not operate under the supervision of a recognised financial regulator in the way that firms licensed by major authorities do. Regulated brokers usually must meet capital requirements, follow rules on client money, and offer access to dispute resolution or compensation schemes. Unregulated brokers may not offer these protections, so you would have less recourse if something went wrong.
The broker does state that client funds are segregated, meaning client money is kept separate from company operating funds. Segregation is a useful safeguard, but it is not the same as regulatory oversight, and it does not guarantee that funds are protected if the broker fails. Before depositing, read the terms and risk disclosures on the official website carefully.
Because the broker is based in St. Vincent and the Grenadines and is not regulated, traders should be especially careful about how much they deposit and should consider whether they are comfortable with the level of protection on offer.
Account types
CedarFX offers a free demo account, which is useful for testing the platform, practising strategies and getting familiar with order execution before using real money. A demo account does not involve real funds, so results on it may differ from live trading, particularly during fast markets.
Several account categories are not offered. According to the available information, CedarFX does not provide mini accounts, VIP accounts, Islamic accounts, swap-free accounts or managed accounts. Traders who need a swap-free or Islamic structure should check with the broker directly before opening an account, since the answer may change over time.
The broker also lists a 0% Commission Account and an Eco Account. The exact conditions of these accounts, including how fees are charged and who they suit, should be confirmed on the official website before you choose one.
Trading platforms
CedarFX offers MetaTrader 4 (MT4) in desktop and mobile versions, along with a WebTrader for trading directly in the browser. Web trading and mobile trading are both supported, so you can monitor and manage positions from a computer or a phone.
MT4 is widely used across the retail forex industry, so many traders will already be familiar with its charting tools, indicators and order types. Hedging and scalping are allowed, and news trading is permitted as well. Traders who run automated strategies should confirm on the official website whether any restrictions apply to their particular trading style.
Spreads, fees and leverage
CedarFX advertises variable spreads, which means the spread on a given instrument can change with market conditions. Variable spreads are often tighter during calm, liquid periods and can widen during news releases or periods of low liquidity. The minimum spread is not fixed, so the real cost of trading depends on the instrument and the time of day.
Maximum leverage is 1:500. High leverage allows you to control a large position with a small amount of capital, but it also magnifies losses as well as gains. Leverage may be lower depending on your country of residence and the account type you choose. Trading forex and CFDs on leverage carries a high risk of losing money, and you should only trade with funds you can afford to lose.
Other costs, such as commissions, overnight swap charges, inactivity fees or currency conversion charges, are not fully detailed in the information available for this review. Check the fee schedule on the official website before trading, and factor these costs into your strategy.
Deposits and withdrawals
The minimum deposit at CedarFX is 10. Confirm the currency in which this amount is set when you open your account. Deposits can be made by Bitcoin (BTC), Visa/Mastercard or wire transfer.
Withdrawals are available only through Bitcoin (BTC). This is an important limitation. If you do not hold Bitcoin or are not comfortable using cryptocurrency, you may find it difficult to get funds back in the form you deposited them. Review the withdrawal process, any processing times and any charges on the official website before making your first deposit.
Bonuses
CedarFX does not offer a welcome bonus or a no-deposit bonus. The main promotional item listed is the 0% Commission Account and Eco Account described above, which is structured around trading costs rather than a cash bonus. If you are looking for a deposit bonus, a no-deposit offer or another promotion, you will need to check the current offers directly with the broker.
Any bonus or promotion comes with conditions, such as trading volume requirements, withdrawal restrictions or expiry dates. Read the bonus terms carefully before accepting any offer. Our related guides below explain how deposit bonuses are typically compared and what to look for.
Customer support
CedarFX's website is available in English. The information reviewed for this profile does not include full details of support channels, response times or opening hours. Before opening an account, check the contact options on the official website and test how responsive the support team is with a simple question. Good support becomes important quickly when there are problems with deposits, withdrawals or trade execution.
Pros and cons
Pros
- Low minimum deposit of 10
- Leverage up to 1:500 for experienced traders who understand the risks
- STP/ECN execution model with variable spreads
- MT4 desktop, mobile and WebTrader platforms
- Free demo account for practice
- Wide range of instruments, including forex, stocks, indices, metals, futures and cryptos
- Hedging, scalping and news trading are allowed
- Client funds are stated to be segregated
- Bitcoin is available as a base currency and deposit method
Cons
- No financial regulation, which limits the protection available to traders
- Withdrawals are only possible through Bitcoin
- No welcome bonus or no-deposit bonus
- No mini, VIP, Islamic, swap-free or managed accounts
- Website available in English only
- Limited public detail on fees, support channels and certain account conditions
Verdict
CedarFX suits traders who want access to MT4, a broad range of instruments and a low minimum deposit, and who are comfortable with cryptocurrency for withdrawals. The free demo account and the option to trade with hedging, scalping and news strategies add to its appeal for active traders.
The main concern is the absence of regulation. Without a recognised regulator, traders have fewer safeguards, and this should weigh heavily in any decision. Combined with Bitcoin-only withdrawals and a lack of detailed public information on some fees and support options, the broker may not be the right choice for beginners or for anyone who puts a high value on regulatory protection. As of 2027, we would advise testing the demo account, reading the terms on the official website and starting with a small deposit if you decide to proceed.
Trading forex and CFDs on leverage carries a high risk of losing money. Only trade with capital you can afford to lose.
More about CedarFX
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose CedarFX?
CedarFX earns 3.3/5 — a $10 entry cost, MT4 Desktop / Mobile platforms and a track record since 2020.
CedarFX suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
