CedarFX broker Accounts

cedarfx Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

cedarfx Account Types Explained

CedarFX offers two primary account types designed to cater to different trading needs and preferences. Below is a detailed overview of each account type.

1. 0% Commission Account

• Minimum Deposit Requirement: $10 (via Bitcoin) or $50 (via other methods)
• Spread/Commission Structure: No commission fees; spreads vary based on market conditions.
• Leverage Options: Up to 1:500 for forex and metals.
• Key Features:
• No commissions on trades.
• Access to a wide range of trading instruments.
• Environmentally friendly trading option.
• Target User Profile: Suitable for both beginners and experienced traders looking for low-cost trading.
• Trading Instruments Available: Forex pairs, cryptocurrencies, stocks, and commodities.

2. Eco Account

• Minimum Deposit Requirement: $10 (via Bitcoin) or $50 (via other methods)
• Spread/Commission Structure: No commission fees; spreads vary based on market conditions.
• Leverage Options: Up to 1:500 for forex and metals.
• Key Features:
• Eco-friendly trading; a portion of commissions is used to plant trees.
• No commissions on trades.
• Supports sustainable initiatives.
• Target User Profile: Ideal for environmentally conscious traders and those who want to contribute to sustainability.
• Trading Instruments Available: Forex pairs, cryptocurrencies, stocks, and commodities.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: 0% Commission Account
• Advanced Traders: Eco Account

Detailed cedarfx Account Features

Comparison of Features Across Account Types

Advantages of Each Account Type

0% Commission Account:

• No trading commissions.
• Wide range of tradable assets.
• High leverage options available.
• Low minimum deposit requirement.

Eco Account:

• Supports environmental initiatives.
• No trading commissions.
• High leverage options available.
• Low minimum deposit requirement.

Disadvantages of Each Account Type

0% Commission Account:

• Variable spreads may increase trading costs.
• Limited educational resources.

Eco Account:

• Variable spreads may increase trading costs.
• Limited educational resources.

cedarfx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: CedarFX is not available in certain jurisdictions, including the United States.
• Prohibited Countries: Specific countries may be restricted; check CedarFX's website for the latest information.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Proof of residence (utility bill or bank statement).
• Proof of Residence Requirements: Must provide documentation showing the current address.
• Additional Documentation for Professional Accounts: May require additional financial documentation.

KYC/AML Compliance Procedures

CedarFX adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and address.

Verification Time Frames

Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Step-by-Step cedarfx Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the CedarFX website and find the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select either the 0% Commission Account or Eco Account.
4. Set Trading Preferences: Indicate trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit funds into your trading account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile, but the mobile interface may have simplified steps.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and legible.
• Issue: Email verification not received.
• Solution: Check spam/junk folders or request a new verification email.

Average Account Approval Time

Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

To change account types, contact CedarFX customer support for assistance.

cedarfx Demo Account Guide

Demo Account Features and Benefits

CedarFX does not currently offer a demo account option.

How to Open a Demo Account

As there is no demo account available, traders cannot open one.

Demo Account Limitations

N/A, as no demo account is provided.

Virtual Balance Amount

N/A, as no demo account is provided.

Demo vs Live Account Differences

N/A, as no demo account is provided.

Duration/Expiry of Demo Accounts

N/A, as no demo account is provided.

cedarfx Islamic Account Details

Swap-Free/Islamic Account Availability

CedarFX does not offer a specific Islamic account option.

Eligibility Requirements

N/A, as no Islamic account is available.

Differences from Standard Accounts

N/A, as no Islamic account is available.

How to Apply for Islamic Account

N/A, as no Islamic account is available.

Restrictions or Special Conditions

N/A, as no Islamic account is available.

FAQs – cedarfx Account Types & Opening

1. What account types does cedarfx offer？

• CedarFX offers a 0% Commission Account and an Eco Account.

1. What is the minimum deposit for each account type？

• The minimum deposit is $10 for Bitcoin and $50 for other methods for both account types.

1. How long does cedarfx account verification take？

• Account verification typically takes 1-3 business days.

1. Does cedarfx offer demo accounts？

• No, CedarFX does not currently offer demo accounts.

1. Can I have multiple account types with cedarfx？

• Yes, you can open multiple account types.

1. Does cedarfx offer Islamic/swap-free accounts？

• No, CedarFX does not offer Islamic or swap-free accounts.

1. What documents do I need to open a cedarfx account？

• You need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.