Cedar FX is an unbiased brokerage platform that gives entry to over 170 tradable belongings, together with well-liked cryptocurrencies by way of world monetary markets. Unlike the insurance policies of different main brokerages, there is no such thing as a restrict to what number of demo or dwell buying and selling accounts Cedar FX clients are permitted to make use of at any given time.
With a 0% Commission Account that prices no charges on transactions, customers can commerce securely on the favored MT4 platform with a devoted assist crew readily available 24/7.
Getting Started with Cedar FX
Registering a free account is free, quick and extremely straightforward. New customers want to offer their full identify, e mail handle, and choose a powerful password. Alternatively, there may be an possibility for customers to enroll with a single click on utilizing their energetic Google or Facebook account. You can even be required to click on the link despatched to you to confirm your e mail and add a phone quantity for KYC functions.
Make a Deposit
At this stage, you might be already midway by way of establishing your new buying and selling account. You can now entry the demo mode. If you’d moderately transfer straight to dwell buying and selling, you have got a number of safe cost choices obtainable so that you can fund your new account. Aside from a financial institution switch, Cedar FX additionally accepts deposits utilizing the main cryptocurrency, Bitcoin.
Once your account has been funded, you might be virtually prepared to start buying and selling. Users are required to obtain the favored and safe MT4 buying and selling platform, which is offered for Windows, Mac, Android and IOS. If you selected to fund your account by way of a wire switch of fiat foreign money, you may need to take a while to confirm that the checking account belongs to you.
Cedar FX at a Glance | Interface and User Experience
The interface obtainable at Cedar FX is reassuringly easy for newbies but consists of the entire complete instruments to entice probably the most seasoned merchants. All buying and selling is completed by way of the MT4 platform which may be downloaded without cost from the Cedar FX web site.
Unlike different, much less skilled companies, new clients should not hounded by assist brokers once they first join, though devoted customer support is offered if required. There is a real feeling of transparency when buying and selling by way of Cedar FX. The platform is with out gimmickry or pointless litter. From the second customers open an account, a way of calm confidence is assured by way of the easy and efficient design of the GUI.
Key Features of Cedar FX
There are a couple of options of Cedar FX that, in our opinion, units this dealer aside from their rivals. Here, we are going to take a more in-depth take a look at these points of the platform.
Unlimited Demo Account
A uncommon and sudden bonus in terms of on-line brokers. While it’s true that there are numerous platforms that provide a specific amount of digital funds for brand spanking new merchants to follow with, merchants are often required to start dwell buying and selling as quickly as these funds have been depleted, or a set time frame has elapsed.
Cedar FX is so assured within the service it gives; the platform has made all demo accounts limitless in each digital funds and time. Frankly, that is an unimaginable characteristic. It implies that new customers can stay in demo mode till they’re utterly glad that they’ve learnt all points of funding buying and selling. It can be useful for seasoned traders, who can use this facility to check the effectiveness of newly fashioned buying and selling methods in a riskless setting.
0% Commission Account
The commonplace account made obtainable to all customers at Cedar FX is a 0% Commission Account. Here, the dealer has eradicated all fee charges in order that customers can profit from their buying and selling expertise. This philosophy extends to spreads, that are maintained at extraordinarily low price on greater than 170 tradable belongings.
Whether customers select to fund their account with Bitcoin or by way of fiat foreign money, there are completely no transaction charges, which additionally applies to withdrawals. Cryptocurrency withdrawals are mirrored in a consumer’s pockets on the identical day the request has been made.
Here, Cedar FX lives as much as its model. The platform takes the accountability that all of us share in defending our planet very critically. For customers who would want to do their half and be part of Cedar FX of their mission to make actual constructive change, the Eco account is made obtainable.
By donating simply $1 for each lot traded, Cedar FX will match the quantity collected every month and ship 100% of the proceeds to Ecologi; a non-profit group devoted to planting new timber and lowering our carbon footprint by way of numerous initiatives throughout the globe.
A scheme such because the Eco Account is a chief instance of how digital on-line enterprise can have a constructive impression on real-world purposes.
Cedar FX gives its clients with a devoted crew of buyer assist brokers 24/7. Users are inspired to achieve out at any time of day by way of numerous strategies, which embrace;
- Live Chat
- Call Back Request
Explore the Supported Cryptocurrencies
Aside from Stocks, Commodities, Indices, Forex and Exotic FX, there are a number of engaging choices obtainable for cryptocurrency fanatics. As 2020 took a toll on most markets as a result of world COVID pandemic, many of those digital belongings confirmed probably the most resilience, with some even experiencing some unimaginable development.
Some of the cryptocurrencies obtainable on Cedar FX are listed under:
- Bitcoin Cash
- Ethereum Classic
Final Thoughts | Our Cedar FX Conclusion
Cedar FX is a refreshing addition to the world of on-line brokers. It grants entry to customers throughout greater than 200 international locations worldwide, providing an in depth array of tradable belongings, and has among the most fun cryptocurrencies obtainable.
The platform doesn’t hound clients, however as a substitute, permits a consumer to seek out their toes in their very own time by way of limitless demo buying and selling, devoted 24/7 buyer assist and a easy, straightforward to make use of dashboard.
The 0% Commission Account can be a pretty consideration; nevertheless, we felt compelled to enter into the Eco Account with a view to give a bit again and have our donations doubled by Cedar FX themselves.
We really feel assured that anybody in search of a clear, easy, and safe buying and selling setting might be nicely suited to Cedar FX.