Forex and CFD broker CedarFX has entered the market early on this year with the promise of being the most cost-effective and eco-friendly online trading platform. The newly broker, which gives investors access to more than 180 assets via the MetaTrader4, is the first firm in the online CFD market to join the trend of combating climate change by offering the Eco Account.
Through the Eco Account, investors will donate $1 commission per lot traded, which is enough to plant 5 trees. The contribution of CedarFX to climate change solutions is done via an organization called Ecologi that essentially raises funds from businesses across the globe in order to increase tree plantation, and reduce carbon emissions. So far this year, CedarFX is already responsible for planting 5170 trees.
What’s More? CedarFX is a Crypto-Friendly Platform
Apart from being the world’s first-ever eco-friendly broker, CedarFX aims to become a crypto-friendly online trading platform. As such, users can make deposits and withdrawals by using bitcoin and also trade on more than 35 different digital asset pairs with a leverage ratio of 100:1. Notably, the ratio of leverage on cryptocurrency coins at CedarFX is one of the highest in the industry that investors can obtain. At CedarFX, investors get access to not only popular crypto coins such as Bitcoin, Ethereum, Litecoin, and Ripple but also to some of the most traded altcoins in the cryptocurrency market that includes EOS, Quantum, TRX, ETP, and many more.
Additionally, the broker supports ultra-fast withdrawals and ensures that all withdrawal requests are processed within 24 hours. When a user makes a deposit on the platform, it takes only 5 minutes to one hour for the funds to appear in the client’s account.
CedarFX’s Zero-Commission Trading Account
CedarFX offers two account types, the zero-commission account, and the eco account. The difference between the two accounts is the extra charge of $1 per lot traded that is collected for the cause of climate change on the eco account. However, bear in mind that the broker enables users to open more than one account, and thus, it is possible to take advantage of both account types.
If opting for the zero-commission account, CedarFX does not charge any fees such as deposit and withdrawal fee, account management fee, and fixed trading commissions. Instead, a user pays the buy and sell spread of a certain asset only. For that matter, the broker offers very tight spreads starting from 0.7 pips for the EUR/USD, which is below the average in the industry.
Finally, users can start trading on CedarFX’s MetaTrader4 platform with an initial deposit of just $10 if making a deposit in Bitcoin. Otherwise, the broker requires a minimum deposit of just $50 for all other payment methods. Traders can also sign up for a free demo account to test the platform and all the features provided by CedarFX.