What is CedarFX?
CedarFX is a new online CFD Broker founded in 2020. The brokerage firm is owned by Cedar LLC and is based in St. Vincent and the Grenadines.
CedarFX stands out for offering a wide range of tradable assets. You can trade CFDs for dozens of forex pairs, US stocks, cryptocurrencies, indices, and commodities. Additionally, trading with CedarFX is 100% commission-free and the broker offers below-average spreads across its asset classes.
Forex and CFD broker CedarFX entered the market earlier this year with the promise of being the cheapest and most environmentally-friendly online trading platform. The new broker, which offers investors access to more than 180 assets via MetaTrader4, is the first company in the online CFD market to join the trend of fighting climate change by offering the Eco Account.
Through the Eco Account, investors will donate a commission of $ 1 per lot traded, which is enough to plant 5 trees. CedarFX’s contribution to climate change solutions comes through an organization called Ecologists which essentially raises funds from companies around the world to increase tree planting and reduce carbon emissions. So far this year CedarFX is already responsible for planting 5170 trees.
An interesting thing about CedarFX is that the broker has sustainability as part of its mission. You can opt for an Eco account, which charges a $ 1 fee per trade and all your commission money goes to plant trees around the world. Better yet, CedarFX matches all the contributions made by the Eco account commissions.
CedarFX is unregulated which is important to note because it brings some major security concerns. However, the lack of regulation also allows CedarFX to do things that most competitors can’t. For example, the broker offers extremely high leverage of up to 500: 1 for forex trading and up to 20: 1 for stock trading, even for non-professional traders. Additionally, the broker uses Bitcoin for all deposits and withdrawals, allowing most payments to be completed within minutes.
CedarFX is a Crypto-Friendly platform
In addition to being the world’s first green broker, CedarFX aims to become a crypto online trading platform. Therefore, users can make deposits and withdrawals using bitcoin and also trade on more than 35 different digital asset pairs with a leverage ratio of 100: 1. Specifically, the leverage ratio on cryptocurrency coins on CedarFX is one of the most highs in the industry that investors can get. At CedarFX, investors have access not only to popular crypto coins such as Bitcoin, Ethereum, Litecoin and Ripple, but also some of the most traded altcoins in the cryptocurrency market which includes EOS, Quantum, TRX, ETP and many more.
Furthermore, the broker supports ultra-fast withdrawals and ensures that all withdrawal requests are processed within 24 hours. When a user makes a deposit on the platform, it only takes 5 minutes to an hour for the funds to appear in the client’s account.