CedarFX Account Type

CedarFX offers two main types of trading accounts:

• 0% Commission Account:
• This account type allows traders to execute trades without paying any commission fees. Instead, traders only pay the spread on their trades.
• Spreads are competitive, starting from 0.6 pips for major currency pairs like EUR/USD.
• Leverage of up to 1:500 is available.
• Minimum deposit required is $10 when funding with Bitcoin; for other payment methods, it is $50.
• Eco Account:
• This account charges a nominal commission of $1 per lot traded, which is donated to environmental causes through the organization Ecologi.
• Like the 0% Commission Account, it also offers competitive spreads and leverage of up to 1:500.
• The same minimum deposit requirements apply as with the 0% Commission Account.

Both account types provide access to over 180 tradable assets through the popular MetaTrader 4 platform, and traders can open both demo and live accounts.

CedarFX Broker Account Opening Process

Opening an account with CedarFX is a straightforward process that can be completed in just a few minutes. Heres how to do it:

• Visit the CedarFX Website: Go to the official CedarFX website.
• Sign-Up Form: Click on the “Open Live Account” button and fill out the registration form with your personal details, including your name, email address, and password.
• Select Account Type: Choose between the 0% Commission Account or the Eco Account during the sign-up process.
• Deposit Funds: After registration, you will need to make a minimum deposit of $10 (if using Bitcoin) or $50 (for other payment methods) to start trading.
• Access Trading Platform: Once your deposit is confirmed, log in to your CedarFX account and set up your trading on the MetaTrader 4 platform, which is available on desktop, web, and mobile devices.

For those interested in practicing before committing real funds, CedarFX also offers a free demo account, allowing unlimited practice with identical market conditions to live accounts.