CedarFX review: First eco-friendly broker plants 150,000 trees through trading fees

CedarFX review: First eco-friendly broker plants 150,000 trees through trading fees
CedarFX offers green trading accounts but faces regulatory risks

​Brokerage company CedarFX stands out in the market by calling itself the first eco-broker. Traders on the platform are encouraged to open so-called eco accounts, where CedarFX donates commission fees to the UK-based initiative Ecologi, which funds reforestation projects around the world. According to Ecologi, its community of 40,000 members has financed the planting of over 89 million trees, with CedarFX contributing 154,075 trees planted in Nicaragua, Mozambique, and Madagascar. So if you want to trade while helping to restore the planet’s “lungs,” CedarFX is worth considering.

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The platform appeals to beginners with a low minimum deposit of $10, compared to the market average of around $310. CedarFX also claims to charge no deposit or withdrawal fees, except for eco accounts. However, payment systems and currency conversion may still incur additional costs not covered by the broker.

Despite its low entry threshold ($10 minimum deposit, $33 minimum trade size for micro lots), CedarFX offers trading on a wide range of forex pairs, CFDs, cryptocurrencies, and stocks, as listed on its website. Clients can also use leverage in their trades.

Another advantage is its tight floating spreads starting from 0.6 pips, a key factor for traders seeking to maximize profits while minimizing transaction costs. CedarFX uses the classic MetaTrader 4 platform, praised for its reliability and comprehensive features. MT4 is available on desktop, mobile, and web, giving traders flexibility to operate from anywhere.

CedarFX clients can place market and limit orders, including stop-loss, trailing stop, fill-or-kill, good-till-cancelled (GTC), immediate-or-cancel (IOC), and good-till-date/time orders.

However, CedarFX’s trading conditions are not fully detailed on its website, and instrument specifications are missing. The company also does not publish educational materials or market analysis that could help clients improve their trading performance.

High risks still remain

Alongside its advantages, traders should be aware of significant risks. CedarFX is registered in Saint Vincent and the Grenadines, operating under local financial laws.

It is an unregulated broker, meaning it is not overseen by any financial authority, and disputes are handled internally without independent mediation. According to its service agreement, CedarFX promises to review and resolve all complaints within 30 days.

However, multiple online complaints claim that some users were unable to withdraw profits or had their accounts blocked after generating significant earnings.

As we wrote, ModMount representatives discussed the company's vision for transforming the CFD trading market by 2025. 

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