What is CedarFX?
CedarFX is a forex and CFD broker based in St. Vincent and the Grenadines, listed with a foundation year of 2020. It offers leverage up to 1:500, spreads from Variable and a minimum deposit of $10. Clients trade on MT4 Desktop, Mobile, WebTrader and on mobile.
.png)
CedarFX: Some news
Before you open an account or claim an offer, check the broker's licence in the official FCA Financial Services Register.
More on ForexAllNews
Is CedarFX safe and regulated?
CedarFX is regulated by None. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Offshore regulation is also the reason the broker can offer leverage up to 1:500 and trading promotions, which tier-1 regulators restrict for retail clients.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
CedarFX account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $10 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | No |
| VIP account | High-volume traders wanting raw spreads | No |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | No |
Trading platform and conditions
CedarFX provides MT4 Desktop, Mobile, WebTrader, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from Variable on major currency pairs.
- Leverage up to 1:500 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
CedarFX supports 2 funding methods, including Bitcoin (BTC) Visa/Mastercard, Wire Transfer. Accounts can be held in 4 base currencies (EUR, USD, GBP, BTC), which helps you avoid conversion fees.
CedarFX bonus: No
How the promotion works
The current CedarFX promotion is No. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the CedarFX website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
CedarFX pros and cons
Pros
- High leverage up to 1:500
- Scalping and hedging allowed
- News trading allowed
- Low minimum deposit of $10
Cons
- Only offshore regulation
- No investor compensation scheme
- No Islamic account listed
How to open a CedarFX account
- RegisterVisit the CedarFX website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick the account type that suits you, and your base currency.
- Fund the accountDeposit at least $10 with Bitcoin (BTC) Visa/Mastercard, Wire Transfer.
- Start tradingLog in to MT4 Desktop, Mobile, WebTrader or the mobile app and set your risk per trade.
Is CedarFX a good broker? Our verdict
CedarFX suits active traders who want high leverage, freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.