The broker established an excellent name in the field of Forex by offering its original 0% Commission Account, which carries no charges when trading Forex, cryptocurrencies or CFDs on stocks, indices, commodities and more. In this article, we have put together some information on this eco-friendly broker and how to make the most of their services.
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Legal name: Cedar LLC
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Founded in: 2020
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Website: cedarfx.com
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Broker Type: ECN/STP
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Trading platform: MetaTrader 4 Desktop, Mobile, WebTrader
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Minimum deposit: 10$
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Maximum leverage: 1:500
Each instrument has a set available leverage with the maximum being up to 1:500. Visit their website to find out more about the leverage offered for each instrument.
Additional information:
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Account Base Currencies Offered: EUR, USD, GBP, BTC
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Standard Account (Commission Charged): $0/Lot
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Eco Account (Commission Charged): $1/Lot
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Payments system: BTC, Visa/Mastercard, Wire Transfer
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Customer support: Email, Live Chat & Call Back requests 24/7
CEDARFX also offers an Eco Account option, which includes a $1 commission for every lot traded. 100% of commissions paid are matched by the broker and used to plant trees in partnership with the Eden Foundation and support Gold Standard certified carbon reduction projects.
There are absolutely no differences in both accounts specifications. The exact same features and trading conditions are available on both options.
Trading Platforms
One of the best things about CEDARFX is that the broker uses MetaTrader 4 as its sole trading platform. Instead of routing you through a proprietary trading platform – which at many brokers is less flexible than MetaTrader 4 – CedarFX recognized that this platform is beloved by traders for a good reason.
With MetaTrader 4, you have complete control over your trading dashboard. You can pull up multiple charts at once to view several assets or different timescales. You can also access dozens of built-in technical studies and drawing tools to analyse the market. If MetaTrader 4 doesnt offer an indicator you need, you can leverage the built-in scripting language to write the indicator yourself or turn to the MetaTrader community marketplace to find pre-made indicators from other traders.
They also allow for hedging, scalping and news trading. If you would like to use electronic assistants or ‘Robots’, these too are welcomed by this broker.
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