Checked out the spreads expecting them to be poor but they are decent.

Checked out the spreads expecting them to be poor but they are decent. Majors normally up to 0.8pips and normally lower so very happy. Fast forward 9 months and I am using Forex more and more. This is another reason for us to believe that CedarFX is actually a scam Forex broker. Good customer service, lots of pairs to choose from and good leverage.

We’ve eliminated excess waiting periods and unnecessary steps, and the team processes all withdrawal requests within 24 hours. As such, you do need to take this into account – much Compare DotBig vs CedarFX brokerage like you would when you trade at an unregulated cryptocurrency exchange. In terms of account minimums, you need to deposit and/or withdraw the Bitcoin-equivalent of at least $10.

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Also bank transfer is 5 days withdrawal like most brokers though think that’s due to the bank checks. New users need to provide their name, email address, and set a strong password. There is also the option to sign up for the broker with a single click via an active Google or Facebook account. To complete the registration process, need to click on the verification link that is sent Forex news to your email. During the COVID lockdowns last year, I decided to try my hand at day trading for some additional income and to generally learn about the financial markets. Should you have any queries or require any assistance, please get in touch with our customer support team via LiveChat or by Email. They won’t give proper customer support they are deceiving with their website.

I moved to these because they have a 0% commission account so thought I would test them out and I’m happy. https://iitsweb.com/brokers-comparison-dotbig-vs-cedarfx/ We tried contacting them through several different solutions, but we were not able to contact them.

Cedarfx Reviews

https://www.dukascopy.com/swiss/english/forex/trading/, unlike a lot of other brokerages, doesn’t require proof of identity in the form of an ID or other government-issued document. The broker promises you that you will be able to make the most of your money, which, we believe is not true at all. This no commissions, perfect account, in our opinion, is a way for the company to attract as many people as possible and take their money away. Forex trading has become very popular in recent years, but many challenges have come with this popularity. One of the biggest problems that traders are facing today is scams. In this situation, one of the few things that can be a guarantee of your safety is regulations. As we found, many people are curious about whether it is a legit Forex broker or not.

• To get started on CedarFX, visit the official website and sign up by entering personal details, including name, email address, and setting a strong password.
• This is a pretty unique brokerage – there’s no way to neatly put it in one category or another.
• As a leading independent broker, CedarFX offers commission-free trading and charges zero transaction fees.
• This is a choice between the Commission-Free Account or Eco Account.
• Bear in mind that CedarFX does not charge any deposit fees.

The CedarFX app does not offer any native educational or research tools. Once again, this is because it only allows you to trade via the MT4 app. As such, the only materials you will have at your disposal is what MT4 provides. If you’re an experienced trader, then you will be well versed with what MT4 has to offer.