CedarFX Review 2026
Established in 2020
•
Saint Vincent
• FSA Regulated
CedarFX offers forex and CFD trading services with a 3.5/5 rating. Regulated by FSA, this broker offers spreads from 0.0 pips on EUR/USD with a minimum deposit of $10. Trade 170+ instruments including forex, CFDs, and more.
📊 CedarFX Overview
CedarFX is a well-established broker founded in 2020 headquartered in Kingstown, Saint Vincent. The broker operates under the supervision of FSA .
With access to 170+ tradable instruments including 55 forex pairs , 30 cryptocurrencies , 40 stocks , and various indices, CedarFX caters to diverse trading strategies.
| Legal Name | CedarFX |
|---|---|
| Founded | 2020 |
| Headquarters |
Kingstown, Saint Vincent
|
| Primary Regulation | FSA (Tier 3 - Basic) |
| Instruments | 170+ assets |
| Min Deposit | $10 |
| Max Leverage | 1:500 |
📖 CedarFX — In-Depth Introduction
Founded in 2020, CedarFX has spent the past 6 years building its trading infrastructure and client base. CedarFX holds a license from FSA, providing basic regulatory coverage. Traders should understand that offshore regulation typically offers less investor protection than major financial centers. With a $10 minimum deposit requirement, CedarFX removes barriers to entry for new traders.
Company Background
CedarFX has been operating in the financial services industry for 6 years. Headquartered in Kingstown, Saint Vincent, the broker continues to build its reputation in the competitive online trading space.
The broker provides access to 170+ tradable instruments.
💸 CedarFX Fees — Complete Cost Analysis
CedarFX offers competitive trading costs that will appeal to cost-conscious traders. The 1.0 pip spread on EUR/USD is below the industry average, providing good value. There are no commission fees on CedarFX's standard accounts. All trading costs are embedded in the spread, making it straightforward to calculate your expenses. Consider this cost analysis: with 1.0 pip spreads, each standard lot trade on EUR/USD costs $10 in spread. An average retail trader making 50 trades monthly would spend approximately $500 on spreads.
Trading Costs Breakdown
💡 Cost Calculator: CedarFX
Non-Trading Fees
| Fee Type | CedarFX | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Varies by method | $0 - $50 |
| Inactivity Fee | None | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is CedarFX Safe? — Complete Security Analysis
CedarFX's 48/100 safety rating is below our recommended threshold. We advise thorough due diligence before committing significant funds. Fund protection at CedarFX may be more limited than tier-1 regulated brokers. We recommend not depositing more than you can afford to lose.
Regulatory Framework
Limited investor protection. Exercise caution and only invest what you can afford to lose.
Security Features Checklist
Understanding the Trust Score
Our 48/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use CedarFX?
✅ Best For
- Beginners will appreciate CedarFX's low $10 minimum deposit, free demo account, and educational resources. The learning curve is manageable, making it suitable for those just starting their trading journey.
❌ May Not Suit
- Traders prioritizing maximum safety may prefer tier-1 regulated alternatives with stronger investor protection schemes.
Looking for alternatives?
📝 The Bottom Line on CedarFX
CedarFX is a decent option worth considering with a 3.5/5 rating.
📈 CedarFX Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how CedarFX performed in our rigorous testing:
CedarFX is a decent choice but has areas that could be improved.
💰 CedarFX Fees & Spreads
Understanding trading costs is crucial for profitability. CedarFX uses a Variable spread model with no commission on standard accounts.
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | N/A | N/A pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | No commission |
| Deposit Fee | Free |
| Withdrawal Fee | Free (method dependent) |
| Inactivity Fee | None |
| Swap-Free (Islamic) | Not available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with CedarFX:
- Spread Cost: 1.0 pips × $10/pip = $10.0
- Commission: $0
- Total Cost: $10.0 per lot
🛡️ CedarFX Regulation & Safety
CedarFX is regulated by FSA, a Tier 3 - Basic regulatory authority. While regulated, traders should be aware that offshore regulation may offer less protection than tier-1 jurisdictions.
📜 Regulatory Licenses
- FSA SVG 26006
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 48/100
Lower Trust: Exercise caution and verify all regulatory claims independently.
🖥️ CedarFX Trading Platforms
CedarFX offers 2 trading platforms, giving traders flexibility in how they access the markets. Mobile apps are also available for iOS and Android.
MetaTrader 4
The world's most popular forex platform. Ideal for beginners and algo traders with Expert Advisor support.
- ✓ Expert Advisors (EAs)
- ✓ Custom Indicators
- ✓ One-Click Trading
- ✓ Mobile & Desktop
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader |
|---|---|---|---|
| Available | ✓ | ✗ | ✗ |
| Copy Trading | ✗ | ✗ | ✗ |
| Algo Trading | ✓ | ✗ | ✗ |
| VPS Available | Not offered | ||
| API Access | Not available | ||
🌐 CedarFX Tradable Instruments
CedarFX offers access to 170+ tradable instruments across multiple asset classes. This includes 55 forex pairs , 30 cryptocurrencies , and 40 global stocks.
👤 CedarFX Account Types
CedarFX offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice.
Practice with virtual funds
Not available
Not available
Not available
Not available
💳 CedarFX Deposits & Withdrawals
CedarFX requires a minimum deposit of $10 — one of the most accessible in the industry.
📥 Deposit Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets (Skrill, Neteller)
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
⚖️ CedarFX Pros & Cons
✅ Pros
- Regulated by FSA with investor protection
- Free demo account available for practice
- Low minimum deposit of just $10 makes it accessible
- Negative balance protection for retail traders
❌ Cons
- Offshore regulation offers less protection than tier-1 jurisdictions
- No copy trading feature
- Limited educational resources for advanced traders
📚 CedarFX Education & Research
CedarFX's educational offerings are limited compared to some competitors.
Limited
Not available
Basic coverage
Available on trading platforms
🎧 CedarFX Customer Support
CedarFX offers customer support to assist traders with their queries.
⭐ CedarFX User Reviews
📝 User reviews will be displayed here. Share your experience with CedarFX!
Write a Review🏆 CedarFX — Our Verdict
CedarFX is a decent broker with some limitations. With FSA regulation, 0.0 pips EUR/USD spreads, and a $10 minimum deposit, this broker is particularly accessible for beginners .
Best for: Beginners with limited capital
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ CedarFX — Frequently Asked Questions
Is CedarFX a safe and regulated broker?
Yes, CedarFX is regulated by FSA, which is a Tier 3 - Basic regulatory authority. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at CedarFX?
The minimum deposit at CedarFX is $10. This is considered low and accessible for beginners.
What trading platforms does CedarFX offer?
CedarFX offers the following trading platforms:
- MetaTrader 4 (MT4) — The most popular forex trading platform
- Web Platform — Trade directly from your browser
- Mobile Apps — Available for iOS and Android
What are CedarFX's spreads on EUR/USD?
CedarFX offers EUR/USD spreads . The broker uses Variable spreads.
How long do withdrawals take at CedarFX?
Withdrawal processing times at CedarFX depend on the payment method:
- E-wallets: 0-24 hours
- Credit/Debit Cards: 2-5 business days
- Bank Transfers: 3-7 business days
Does CedarFX offer a demo account?
Yes, CedarFX offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is CedarFX's maximum leverage?
CedarFX offers maximum leverage of 1:500. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:500 may be available
Higher leverage increases both potential profits and potential losses.
Can I use CedarFX in ?
CedarFX accepts traders from . The broker operates under FSA regulation. Always verify current availability and applicable regulations on the broker's website.
Does CedarFX offer Islamic (swap-free) accounts?
CedarFX does not currently advertise Islamic accounts. If you require swap-free trading, we recommend contacting them directly or considering an alternative broker.
What instruments can I trade with CedarFX?
CedarFX offers access to 170+ tradable instruments:
- 55 Forex currency pairs
- 30 Cryptocurrencies
- 40 Stock CFDs
- 10 Index CFDs
- 8 Commodities
