CedarFX Reviews

CedarFX has an overall rating of 4.2 based on 16 reviews. Customer feedback on CedarFX is mixed: CedarFX reviewers highlight positive aspects like competitive spreads, user-friendly platform, responsive customer support, which strongly appeal to retail traders and beginner investors. However, CedarFX is often criticized for its limited educational resources, fewer trading instruments, occasional withdrawal delays.

4.2/5.0

16 reviews

5 Stars

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1 Star

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All CedarFX Reviews (16)
lazyswan322
January 20, 2023
"Awesome account growth, for real..."
Awesome account growth, for real, this is definitely a legit company with actual withdrawals, no joke. Much love to you all!
JennyRodriquez
December 14, 2022
"CedarFX Shut Down My Account and Won't Say When It'll Reopen"
CedarFX has shut my account down. I had been trading with them for weeks, building up my account balance, and when I tried to withdraw after a big winning day, they told me they were 'having some delays with withdrawals' and that someone would reach out in 24 hours. But nobody got back to me. I contacted support, and they promised someone would get in touch within 72 hours. Still, no one reached out. Not long after that, my account was closed (I can't log in anymore) and is now under 'further investigation.'

It's been over a week now, and they won't provide any estimate on when the review will wrap up and my account will be reopened.
Kitty.Thomas
November 03, 2022
"Be Careful When Dealing with This Company!"
You gotta approach this company with a whole lot of caution! I’ll keep it straightforward: I felt tricked! If it weren't for freelandpyle, I wouldn’t have gotten my refund sorted out.
ArthurStanley
September 22, 2022
"Top Notch Experience"
Quick withdrawals, excellent spreads, and attentive customer support. Plus, there's no commission on the standard account, or you can opt for the pro account that plants a tree for each standard lot traded. The negative feedback here usually comes from traders who don’t follow sound risk management practices—that's on you. Don’t point fingers at the broker; take responsibility for your actions. Big thanks to Cedar FX, 10 out of 10!
Heather.Herrera
August 11, 2021
"Started Trading with CedarFX This Year"
I kicked off my trading journey with CedarFX at the start of the year, and I gotta say, I was really taken by their eco-friendly approach. The idea of planting trees for every lot traded? That’s a total win-win for me.

Fast forward nearly nine months, and I find myself using CedarFX more frequently. Besides the green perks of trading with them, I can also implement my scalping strategy on a zero-commission account, which is a huge plus over time.

This broker has some seriously competitive spreads and offers high leverage on both Forex and Crypto pairs. CedarFX meets all my trading needs comfortably, but honestly, the whole green trading concept is what really sets them apart for me, and I believe it’s only going to grow in the future.
whiteelephant157
July 16, 2021
"Top Choice for Online Trading"
They’re eco-conscious (they plant trees), provide great support, and the deposit (at least $10) and withdrawal (also at least $10) processes run smoothly, even if it’s just bitcoin for now.

If you’re just getting into trading, I strongly suggest you give this broker a shot.
Dylan.Sanchez
July 07, 2021
"Scammers Alert!"
These folks are total scammers. Customer support? Forget about it! Their website is just a front for deception. They’re linked up with shady Instagram accounts like Cryptomentor.uk and investing.uk, among others. It’s all about luring in unsuspecting victims. If you’ve put your cash in with them, it’s likely you’ve lost it for good.
HerbertSteeves
July 07, 2021
"Awesome Support"
Last year, during the COVID lockdowns, I thought I'd give day trading a shot for some extra cash and to get a better grip on the financial markets. I chose this broker because they partner with Ecologi, a group tackling climate change, which I couldn't find with others. They offer a solid variety of assets, and their customer support has always been on point. Since this is the only broker I use, I wanted to express my gratitude through a positive review. Keep up the fantastic work! I'm excited to see more assets added and to watch this company thrive.
BrandonVasquez
June 09, 2021
"Searching for a broker that aligns with my eco goals..."
I’ve been on the hunt for a broker that fits my aim to be more environmentally friendly in my life. I’ve already made changes with my vehicle, energy supplier, recycling habits, and plastic consumption. So, when I stumbled upon a forex broker that could help me continue this journey, I was all in. While it might've been easier to choose their 0% commission account, I decided to go with the eco account. It’s still super affordable at just $1 per lot traded, plus they match my monthly commission and donate it to Ecologi and other climate initiatives worldwide, which I think is fantastic. Plus, I can keep track of it all.

As for the trading experience, the spreads are fair given the commission (I get that brokers need to earn too). From what I’ve seen, withdrawals usually happen within a few hours, and their live chat support is quick and really helpful. I feel like they provide everything I need in one place, including a solid range of crypto trading options with good leverage.

Overall, it’s a great one-stop shop for my trading needs.
lazyfrog931
June 01, 2021
"Awesome broker for scalping or day trading."
I switched to CedarFX since the other brokers I had access to limited me to 1:30 leverage (I’m in the UK). They provide 1:500 leverage on fiat pairs and 1:100 for cryptocurrencies.

Being able to deposit and withdraw using BTC is fantastic (usually on the same day), while other brokers take up to 5 days for bank transfers.

They offer tight spreads and zero commissions on trades, which is perfect for day trading.

Overall, it’s a solid broker that I’ve been with for 2 years without any issues.
tinypanda694
May 08, 2021
"All good so far"
I've just begun using these guys and, honestly, they’ve been pretty awesome. The spreads are low, just like they promised. Plus, the 0% commission is a real win! Their deposit and withdrawal times are lightning fast, and that 1.500 leverage is decent. I just wish the leverage could be a tad higher, but it’s definitely workable!
ManuelHopkins
February 02, 2021
"Eco Trading Account"
Great support from the team, plenty of options available, and solid leverage. I’m utilizing the eco trading account, which is a big reason I stick with this broker. It feels good to know that my trades are contributing to something positive.
sadrabbit373
January 28, 2021
"My initial curiosity about these came from..."
My initial curiosity about these came from the zero commission account, but the eco option looks pretty solid as well. There are loads of assets available for trading, including cryptocurrencies, which is what I'm really focused on right now.
goldenmeercat898
January 10, 2021
"Awesome to find a reliable broker..."
It's fantastic to discover a trustworthy broker that's willing to give back. They provide commission-free accounts and are eco-friendly. For every lot traded, they help plant trees. The platform is sleek and user-friendly, making it a breeze to get started. Suitable for traders of all experience levels, definitely worth a look!
JorgeLynch
December 22, 2020
"CedarFX's Eco-Friendly Trading: A Unique Advantage"
CedarFX's commitment to eco-trading really stands out, something I haven't come across with other brokers. In a year filled with challenges, the focus on environmental issues is more important than ever. They provide a trading platform that's pretty appealing, featuring high leverage, low spreads, and top-notch customer service, plus around-the-clock crypto markets. But honestly, it's the eco account that truly strikes a chord and sets this broker apart. Can't wait to see how many trees I can plant next year!

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