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CedarFx Review: Cedarfx.com an Obvious Scam

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CedarFx Review: Cedarfx.com an Obvious Scam

CedarFx is an offshore forex broker that seems to be also concerned with the environment. Every investor is charged a $1 commission that is used to create an eco-friendly system. 

However, in this unbiased review, we focus more on the forex services they provide. The platform charges 0% commission on trades and they offer low spreads to make it easier for clients to earn profits.

CedarFx urges its traders for every lot they trade 10 trees will be planted. They currently on the date of review have planted more than 5000 trees. 

Therefore the main strategy for winning is the use of low spreads and no commission charges. They mainly focus on these pairs; AUD/USD, EUR/USD, USD/JPY, and GBP/USD. 

CedarFx grants their clients fast withdrawals and there is no unwanted waiting. However, do not be so quick to deposit a single coin in the platform as they expose multiple scam traits.

Nevertheless, there are legit tried and tested forex brokers that will generate reasonable profits. Through well-known strategies, you will make reasonable investment returns. 

Cedarfx.com Review

Cedarfx.com founders are not known and you may end up dealing with people who might not have any experience in the trade. You should always know the founders of the company before trusting them with your money.

Scammers rarely provide any data that may lead to their whereabouts and this a major red flag. You are not aware of the people behind the operations and any qualifications or experience they hold. 

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CedarFx Review, CedarFx Company

The platform urges its customers that through their strategies you reach the top of the trading tree. CedarFx only focuses on the funds you deposit and once this is done your details may be blocked from accessing any of their services. 

Ponzi scheme founders will result in opening new platforms once the previous one is shut and try to rob innocent investors. CedarFx mainly focuses on trees this is because so much information is available on trees than there is any data on trading.

The trading world is highly competitive has high volatility and entering trades blindly might lead to massive losses. Cedarfx.com does not mention any security measures that are in place to prevent loss.

CedarFx customers do not know the kind of profits to expect will investing with the firm. How the platform plans to beat the competition in the market is also not well elaborated.

Furthermore, you also risk dealing with unregulated brokers and the results may not be entirely pleasing. It is accessible for download both on PC and mobile platforms and only works with the MT4 platform.

Cedarfx.com Accounts  

Cedarfx.com has two different accounts you can choose to invest in: 0% Commission Account investors are not charged a single commission in this account. The initial deposit is fully accessible while opening trades.

All the trades are kept low and trade costs are reduced in all the 170 assets available. Customers are not charged transaction costs on Bitcoin or Fiat Currency and withdrawals are processed on the same day.

Eco Account is focused on giving back to the community with the aim of creating a sustainable environment. This account charges $1 in commission and the figure of the total collection is sent to Ecologi. 

This account focuses on planting trees and carbon reduction projects all over the world. Both accounts allow Demo and Live accounts on the MT4 platform.

How Does CedarFx Work

Cedarfx.com aims to assist traders to attain profits by providing up to 170 tradeable assets on the Meta Trader 4. The company tries to prove its credibility by using a demo account which is recommended. 

A demo account helps in understanding the system and you can further proceed to a live trading account. However, they do not provide any past trade history to showcase profits are being generated by the investment firm.

Past trade that can easily be verified plays a crucial role in earning your trust with any trading platform. Both demo and live accounts have similar market conditions, trading requires knowledge of the trade and some experience.

Therefore the use of inexperienced brokers might lead to a massive loss of your funds. CedarFX fails to provide a lot of relevant data and you should not invest a single coin with them.

There is no information on strategies of trading and you will only end up making the anonymous founder rich. There is no positive feedback and they have a very shady method of operation.

Transparency helps in earning customers confidence in the company. Legit forex brokers are always transparent to their clients and you can rely on them to make reasonable returns.

Trading just like any business requires patience and a plan. You may encounter good and bad days and there is no such thing as constant returns.

Funds Safety

Risking your funds with anonymous people only leads to losses on your investment funds. CedarFx will only lead to bad days because you do not who is controlling your funds and the experience they hold. 

CedarFx Review, CedarFx Features

You are only provided a demo account yet there are no past trade activities to assure the safety of funds. You should be provided with at least three months or more of past trade experience.

The trading plan that is put in place is also not well explained and the multiple red flags should act as a warning. Most experienced traders will avoid the company at all costs. They do not have any positive feedback yet and the claims of successful withdrawals have no proof of evidence.

Regulation and Customer Support

CedarFx does not showcase any regulatory data and only proves they are illegally in operation. Unregulated platforms do not last for long in the market. They end up getting shut at any given time with all your investment funds.

Regulated forex brokers showcase a high level of transparency and you can easily access and verify the same. Unregulated platforms will end up swindling all your money and blocking your details from accessing any of their services.

The founders of CedarFx risk facing criminal prosecutions and is probably the reason they hide their details from investors. Most countries have made it mandatory to provide regulated services before generating money from the public.

Working contact support is very important in earning the customers’ trust with the platform. CedarFx clients are provided a section to raise complaints or any issue related to the company.

However, the main concern is if you will receive a response to your query. There is no location whereabouts address and tracking this platform might be a hard task.

Final Verdict

CedarFx is not under any regulatory body and you risk trading with unregulated brokers. The founders’ information is also not provided and this information is very important in earning your trust with the company. 

Trusting scammers will only result in massive losses on your investment funds. Legit forex brokers always show a high level of transparency and the method of operation is well known to traders.

There is no positive feedback from customers concerning Cedarfx.com and we would not recommend any trade activities with them. There is no strategy of operation and how the profits are gained is also not known.

The company’s main goal is saving the planet and they should focus on that simply because no trading information is available.

 

 

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