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CedarFX Review
CedarFX was a Saint Vincent based forex broker added to the US CFTC RED list in 2023. It merged into LHFX in October 2024 and no longer takes new signups.
Min Deposit
N/A
Spreads From
About 0.6 pips on EURUSD historically, per third party broker data
Max Leverage
Up to 1:500 historically, per third party broker data
Platforms
MetaTrader 4
Pros
- Migration to LHFX kept old account balances and trade history intact
- LHFX, the direct successor, holds real licenses in Mauritius and South Africa
- cedarfx.com now redirects visitors straight to the new LHFX website
- LHFX kept the same MetaTrader 5 platform that CedarFX customers used
Cons
- CedarFX itself was never confirmed as regulated by any real authority
- The US CFTC added CedarFX to its RED list for unregistered activity in 2023
- The CedarFX brand and website no longer exist for new customers
- Old CedarFX terms allowed 1:500 leverage with just a $10 minimum deposit
CedarFX was run by Cedar LLC out of Saint Vincent and the Grenadines. Its own terms page named only that jurisdiction, with no confirmed license from a real regulator. In June 2023, the US CFTC added CedarFX and Cedar LLC to its RED list, saying the firm was soliciting US customers while offering forex without CFTC registration.
On 6 October 2024, CedarFX stopped taking new signups. LHFX says existing CedarFX accounts, balances, and trade history moved over the following week, all on the same MetaTrader 5 platform. The old cedarfx.com address now sends visitors straight to lhfx.com.
Today, LHFX is run by Longhorn Ltd, which holds a Mauritius FSC Investment Dealer license, plus LHFX SA (PTY) Ltd, licensed by South Africa's FSCA. Anyone looking for the trading conditions once sold under the CedarFX name now needs to open an account with LHFX instead.
Max Leverage
Up to 1:500 historically, per third party broker data
Spreads From
About 0.6 pips on EURUSD historically, per third party broker data
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
