CedarFX Review 2026

Item: CedarFX
Rating: 4.04
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 06, 2026

Top Brokers Overview — United States

Min. deposit $10
Fees 6 /10
Account types 4 /10
Regulation 4.2 /10

4 /10

High risk

CedarFX User Reviews 3.0
Commissions and Fees 6.0
Regulation and Safety 4.2
Account Types 4.0
Deposit and Withdrawal 5.7
Markets and Tradable Assets 5.8
Trading Account Opening 10.0
Customer Support 4.8

CedarFX Pros & Cons

The minimum deposit is only $10;
Tight floating spreads from 0.6 pips;
Trading in classic MetaTrader 4 (MT4) platform with mobile, desktop, and browser versions;
No restrictions on the use of strategies and trading styles;
High leverage;
Opportunity to test trading conditions on demo accounts;
A wide range of assets, especially currency pairs, and stock CFDs.

The broker operates without a license and regulation;
Lack of training, analytics, and recommendations for beginners and experienced traders;
Traders do not have the opportunity to evaluate the conditions of the company on cent accounts.

TU Expert Verdict

CedarFX carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

Top-5 Brokers Traders Prefer

zForex

7.9 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

CedarFX User Reviews

Score:

3 /10

4 total

5-star

0%
4-star

0%
3-star

25%
2-star

0%
1-star

75%

Finally, I’m starting to increase my deposit at CedarFX. I found a good trading strategy, but I need a larger deposit. I recently deposited $500; if everything goes according to my plan, by mid-April there should already be a decent profit. I’ll write about that.

I do not advise you to try cooperation with CedarFX. They call themselves a forex broker, but in reality, these people will just take your money. How did it happen to me. I decided to start investing and made the mistake of opening an account with CedarFX. My money in the amount of $ 2,000 remained there.

Low level trading at CedarFX. I tested trading here, the spreads immediately after opening an account became higher, the execution is generally terrible. Why say write on the site, and do something else? I don't understand this. My 50 bucks remained with them, they didn’t withdraw it to me.

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Commissions and Fees

Score:

6 /10

The trading and non-trading commissions of CedarFX have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
No inactivity fee
No deposit fee
No withdrawal fee

No ECN/Raw Spread account

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of CedarFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, CedarFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

CedarFX Standard spreads
	CedarFX	ZForex	OANDA
EUR/USD min, pips	0.3	0.1	0.1
EUR/USD max, pips	0.6	0.4	0.5
GPB/USD min, pips	0.4	0.2	0.1
GPB/USD max, pips	0.6	0.6	0.5

Does CedarFX support RAW/ECN accounts?

As we discovered, CedarFX does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with CedarFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

CedarFX Non-Trading Fees
	CedarFX	ZForex	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0	0-15
Inactivity fee ($, per month)	0	0	0

Is CedarFX Safe?

Score:

4.2 /10

CedarFX has a safety score of 4.2/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Is regulated

Not tier-1 regulated

CedarFX Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
SVG FSA	Full Name Financial Services Authority of St. Vincent and the Grenadines	Country of regulation St. Vincent and the Grenadines	Investor Protection Fund No specific fund	Regulation Level Tier-3

CedarFX Security Factors
Foundation date	2020
Negative balance protection	No
Verification (KYC)	Yes

Account Types

Score:

4 /10

CedarFX offers the following account options: Demo, Standard.

CedarFX covers the core account types, making it convenient for traders with different preferences and strategies.

Demo account
Standard account with balanced trading conditions
Low minimum deposit

No Cent account
No ECN/Raw spread account

CedarFX account types vs top competitors
	CedarFX	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	No	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	No	No	No
Managed	No	No	No

CedarFX accounts trading conditions

CedarFX offers two types of trading accounts. The spreads, leverage, and minimum deposit are identical, and the list of available trading instruments includes the same assets. Accounts differ in the availability/absence of an additional fee for a traded lot. Each client can have an unlimited number of accounts of both types.

CedarFX account types:

Account Type	Description
0% Commission Account	is an MT4 account where only floating spreads are withheld as a trading fee;
Eco Account	is a trading account for socially responsible traders who want to invest in the environment. On the Eco Account, a $1 fee is charged for each traded lot in addition to spreads. CedarFX donates these funds to the British initiative Ecologi, which plants trees and supports projects to reduce carbon emissions globally.

MetaTrader 4 demo accounts are available to test the broker’s conditions. They can be opened in any version of the trading platform. Available account currencies are USD, EUR, GBP, CAD, AUD, and BTC.

CedarFX provides MT4 accounts with floating spreads and high leverage. The choice of assets will satisfy the needs of both beginning traders and professionals in Forex trading.

Deposit and Withdrawal

Score:

5.7 /10

CedarFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

CedarFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

BTC available as a base account currency
Low minimum withdrawal requirement
Bank card deposits and withdrawals
No withdrawal fee

USDT payments not accepted
PayPal not supported
Wise not supported

What are CedarFX deposit and withdrawal options?

CedarFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC.

CedarFX Deposit and Withdrawal Methods vs Competitors
	CedarFX	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	Yes	No

What are CedarFX base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. CedarFX supports the following base account currencies: USD, EUR, GBP, Bitcoin.

What are CedarFX's minimum deposit and withdrawal amounts?

The minimum deposit on CedarFX is $10, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact CedarFX’s support team.

Markets and Tradable Assets

Score:

5.8 /10

CedarFX offers a limited selection of trading assets compared to the market average. The platform supports 170 assets in total, including 50 Forex pairs.

Crypto trading
Indices trading
Copy trading platform

Limited asset selection
No ETFs

Supported markets vs top competitors

We have compared the range of assets and markets supported by CedarFX with its competitors, making it easier for you to find the perfect fit.

	CedarFX	ZForex	Plus500
Currency pairs	50	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	170	80	2800
Stocks	Yes	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products CedarFX offers for beginner traders and investors who prefer not to engage in active trading.

	CedarFX	ZForex	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	Yes	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

10 /10

We successfully registered an account with CedarFX in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at CedarFX is $10.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Low minimum deposit requirement
Fast registration time (up to 15 minutes)
Quick KYC verification (1 business day or less)

Account setup process may feel less convenient for beginners

CedarFX account opening
	CedarFX	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$10	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	8	8	5
KYC time (days)	1	1	3

Is CedarFX available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To create a user account on the CedarFX website, follow these steps:

First, fill out the registration form. To open it, click the “Open Live Account” button on the main page of the website or the “Sign Up” button at the top of any page.
Indicate the following personal data in the form for creating an account: first and last names, date of birth, email address, and gender. Also, create and enter a password twice to protect your user account from third parties.
Then confirm your email address. Instructions are sent by email.
To sign in to your user account, enter your email address and previously generated password.
Opportunities of CedarFX’s user account:
- Making a deposit.
- Opening a demo or live account .

Additional services of the user account:

Downloading the trading platform;
Button to go to WebTrader;
Transferring funds between active accounts;
Trading history;
Submitting requests for withdrawal of profits;
Enabling two-factor authentication.

Customer Support

Score:

4.8 /10

The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

Information

Live chat support of CedarFX is available 24/7.

Many means of communication
Callback is available
Prompt responses of live chat operators

Broker’s phone number is not available on the website
Clients can get answers to general questions only

To address the broker's technical support, traders can use the following means of communication:

live chat;
email;
callback;
Facebook or Instagram.

Describing a problem in live chat is the fastest way to get an answer to a trader's question. This means of communication with the company's support is available to its registered clients and non-registered visitors.

Contacts
Foundation date	2020
Registration address	Cedar LLC, St. Vincent and the Grenadines
Official site	https://www.cedarfx.com/
Contacts	contact@cedarfx.com

Best CedarFX Alternatives

zForex

7.9 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

What does CedarFX’s regulation and safety profile indicate for traders?

CedarFX has a safety score of 4.2/10, which is described as a low security level in this review. The broker is regulated by the SVG FSA, a Tier-3 regulator without a specific investor protection fund, and it does not provide negative balance protection, while KYC verification is mandatory.

What account types and trading conditions are available with CedarFX?

CedarFX offers Demo and Standard-type MT4 accounts, including a 0% Commission Account with only floating spreads and an Eco Account that adds a $1 fee per traded lot donated to Ecologi. Spreads, leverage, minimum deposit, and available instruments are identical across its live accounts, and clients can open an unlimited number of both account types in several base currencies such as USD, EUR, GBP, CAD, AUD, and BTC.

What do user reviews say about CedarFX overall?

CedarFX has a user satisfaction score of 3/10 based on 4 reviews, with 75% of ratings at 1 star and 25% at 3 stars, indicating mostly negative impressions. According to user reviews, positive or detailed aspects of the trading experience are not specified in this section.

What deposit and withdrawal options and limits does CedarFX provide?

CedarFX supports deposits and withdrawals via bank cards, bank wire transfers, and BTC, with no deposit fee and a minimum deposit and withdrawal amount of $10. The broker offers several base account currencies (USD, EUR, GBP, Bitcoin), while methods such as PayPal, Wise, and USDT are not available, and any method-specific limits beyond the stated minimums are not detailed in this section.

How do traders describe CedarFX account opening in their feedback?

The account opening process at CedarFX is described as fully online, with registration taking about 8 minutes and KYC verification completed within 1 business day, and a minimum deposit of $10. Based on user feedback in this section, the procedure is considered accessible and relatively hassle-free, although it may feel less convenient for beginners.