For the past decade, climate change has been one of the most discussed topics in the world, and a concern for the future of the planet. According to experts, climate change is responsible for several natural disasters and is a big threat to humanity. To solve the problem, early adapting companies have found ways to make a small change, however, the financial industry has not yet figured out how to contribute to a sustainable future without damaging the profits of the financial sector.
CedarFX is a new brokerage firm that was launched in 2020 and has found a new way to help investors trade the markets and, at the same time, contribute to eco-friendly projects across the globe. In this article, we take a closer look at CedarFX Eco Account and the broker’s key features.
The World’s First Eco-Friendly Broker
The CedarFX Eco Account is very similar to any other trading account offered by CFD and forex brokers with the exception of an additional commission of just $1 per lot traded to the client’s trading account. Then, at the end of the month, CedarFX sends the funds to Ecologi, a UK-based environmental enterprise that raises funds from various businesses and distributes them to tree-planting and carbon projects.
Since its foundation, CedarFX is responsible for planting 5180 trees.
Super Tight Spreads
Another key feature of CedarFX is the zero trading commission pricing structure and the extremely competitive spreads it offers. As such, on this platform investors do not have to pay any trading commissions beside the bid and ask spread on the tradable asset. When it comes to spreads, it is worth mentioning that CedarFX aims at offering super-tight spreads to attract new investors and gain a positive reputation in the online trading scene. For example, the broker offers a spread of only 0.7 pips on the most popular currency pair in the world, the EUR/USD. This is far below the average in the industry that typically ranges between 1.4-2.3 pips.
A Huge Range of Cryptocurrency Pairs
Generally, as a new broker that just recently entered the market CedarFX offers a decent range of products. Traders on this platform get access to FX currency pairs, stocks, indices, precious metals, energies, and cryptocurrencies. The most impressive selection is the 35 cryptocurrency pairs that include some of the most exotic altcoins in the market such as EOS, DASH, Litecoin, XMR, TRX, SAN, ZEC, QTUM, and more.
To make the platform appealing to traders, CedarFX provides a high leverage ratio of 100:1 on all crypto coins. The broker offers even higher leverage of 500:1 on Forex and metals, 200:1 for stock indices and commodities. US and European stocks can be traded with a leverage of 20:1.
Founded in 2020, CedarFX is an online Forex and CFD platform that offers users to trade on a range of leveraged assets via the MetaTrader4. The broker is based in Vincent and the Grenadines.