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Zero commission, ultra-low spreads and quality services – all this is promised by CedarFX brokerage firm. She talks about how easy the path to success with a professional stockbroker can be. The company’s official website features an unconventional design and an original move with tree planting for lots. The firm positions itself as a conservationist, but what is the actual situation? Today, we will analyze the available information and help the reader make the right decision to cooperate.
About CedarFX: web portal introduces the brand
At www.cedarfx.com you can read about favorable conditions of cooperation. The company invites you to activate a real account by depositing your starting capital. The trader is introduced to the stockbroker’s eco-programs. The firm is expected to plant 10 trees for each lot sold. Staff assures that over 125,000 plants have been planted so far.
In an attempt to attract new clients, CedarFX talks about its competitive advantages:
- The company provides effective tools for growth. More than 170 products from different groups are offered as financial assets. They can all be bought and sold through the popular Metatrader 4 platform. Counselors provide 24/7 customer support and provide up-to-date informational materials.
- It becomes possible to work with zero commissions. The trader will trade stocks, cryptocurrencies, indices, commodities and currency pairs.
- Fast account replenishment in the CedarFX system. The company promises to make payouts as soon as possible, eliminating unnecessary waiting periods. The team guarantees to process requests within 24 hours.
- Demonstrative accounts are provided for practice. They provide the ability to work with a virtual deposit. The trader will practice and gain skills in a risk-free environment.
It is noteworthy that on the main page of the official web portal the thesis about minimal commissions and low spreads is repeated many times. The information content of the resource leaves much to be desired, because most of the tabs contain standard statements about reliability, favorable trading conditions. The company offers its clients to reach heights in trading, but does not publish any real licenses. Due to the lack of official regulation, an extremely negative impression is created.
What does CedarFX believe in? Brokerage company values
The exchange intermediary places great emphasis on knowledge sharing. He believes it is important to maintain a cooperative atmosphere. The company offers a variety of tools that can be used for professional growth in the trading sphere. Calling itself an independent broker with a unique perspective on market trading, CedarFX describes its core values:
- Free Choice. The trader gets access to all world markets. It is offered a wide list of financial assets for earning on the price difference.
- Objective Assessment. Before starting a full-fledged cooperation, a stock exchange player can evaluate his prospects with the help of a demo account. A global market participant will familiarize themselves with the platform and test the data transfer speed.
- Directions. Brokerage employees don’t want their clients to feel lost. Customer service agents promise to help with a wide variety of issues. They will guide the trader at every stage of his professional development.
- Ambition. Zero fee accounts are provided to support registered members. In this way, the trader will be able to trade as efficiently as possible, making good profits with the correct forecasting of rates.
The above values do play an important role in trading, however, a stockbroker should check the integrity of CedarFX before making a final decision. The broker owns far from the most professional website and cannot provide proof of its regulation. He is suspicious, and therefore you should not make hasty decisions. Topping up your startup capital too quickly can lead to bitter disappointment.
CedarFX trading conditions on the official website
Tree planting is considered a key concept for the brand. The creators of the project believe that every person can have a positive impact on the ecology of the planet. They decided to unite like-minded people and significantly improve the modern world. The broker positions itself as an environmentalist who is concerned about global warming. There is a $1 fee for each lot traded, which goes towards planting new plants.
The brokerage company offers to choose one of two tariff plans. One of them provides for zero commission deductions. The intermediary believes that without paying commissions, the trader will be able to achieve the most efficient use of personal funds. Spreads remain low, which allows you to reduce trading costs when working with 180 financial assets. The exchange player can deposit in bitcoins or fiat currencies at their discretion.
Also present is an eco-account, which involves planting young trees to improve the ecological situation. This tariff is for those who care about nature and are willing to pay a commission. Both account types allow you to work on a real or virtual deposit. The accounts have identical features, the only difference is the amount of commissions and spreads. Exchange trading is carried out on the Metatrader 4 version platform.
CedarFX reputation: reviews on independent sites
At this point, there are very few reports from past and current CedarFX clients. It is not recommended to open an account and replenish the broker’s deposit, as traders claim extremely low quality of service. They say the firm is engaging in standard fraud by stealing the personal funds of its stockbrokers. At the end of the cooperation, the person is left with a zero balance.
We recommend bypassing such firms by identifying their fraudulent nature in advance. A poor quality web portal and lack of legal documents becomes an important indicator of criminal fraud. Our hero today is not regulated by anyone, and therefore he can easily scam people out of large sums of money. Contrary to the loud claims on the official website, customers do not receive any useful services. CedarFXdoes not withdraw money and its only goal becomes to cheat the inexperienced depositor.
