This is a pretty unique brokerage – there’s no way to neatly put it in one category or another. But there are a lot of things going for Forex – you’re just going to have to read our review to figure out if it would be a good choice for you. If that’s sounding any alarms in your head right now, it should – fraud is rampant when it comes to unlicensed, offshore brokerages. However, CedarFX is a legitimate brokerage – there’s no scam involved, but your investments still won’t be protected by government institutions. As a young company, it strives to maintain both regulatory compliance and its reputation. And as the first eco broker, it is eager to ensure the survival of the planet and a future where climate change is only for the better. The new CedarFX Forex broker is already in the proverbial class by itself.
I was first interested in these because of the 0 commission account but the eco does seem like a good choice too. Plenty of assets on there to trade including crypto’s which is what I’m mainly into at the moment. I began using in the New Year, as I was really impressed by the eco-friendly edge this broker provided. The kicker for this broker setting it apart from the pack, is the environmental work they are tied to and are committed to offsetting carbon by planting trees per lot traded.
Review of CedarFX – Major offerings
Click on your operating system to directly download MetaTrader. You can also trade from your web browser in as little as a single minute with ’s web trader option.
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We’re also a community of traders that support each other on our daily trading journey. As we found, many people are curious about whether it is a legit Forex broker or not. To find an answer to this question, we have decided to review Compare DotBig vs CedarFX brokerage in great detail, and we found that this Forex broker has some major problems that traders should know about. On the downside I’d like to see a few more indices and commodities/metals. Also bank transfer is 5 days withdrawal like most brokers though think that’s due to the bank checks. The most mature global remittance system that is easy to use with enterprise level compliance.
- This includes pros, cons and an overall rating based on our findings.
- Mainly because I am passionate about doing the right thing by the planet and saw that these guys were partnered with a reforestation project.
- All the trading is done via the MT4 platform, which can be downloaded from the Cedar FX site for free.
- Trade 70 major, minor & exotic currency pairs with competitive trading conditions.
- Send your loved ones electronic gift cards on their special occasions such as apparel, games, travel, restaurant, and more from participating partners.
Based on this user feedback, it appears that https://www.forextime.com/education/forex-trading-for-beginners is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. We strongly recommend trying out the brokerage with a demo account before committing.