Global Broker Regulation Inquiry App
WikiFX
Sam35 
1-2 years
Does CedarFX have any cons?
Broker Issues
Regulation
07-07
United States
WikiFX
Reply
Yes, there are some cons with CedarFX. The lack of regulation is a significant concern for me. Since there’s no oversight, I’m not sure how secure my funds are. Additionally, CedarFX doesn’t support MetaTrader 5 (MT5), which is the platform I prefer for its advanced features. Also, the inactivity fee of $10 per month after 180 days of no trading or deposits is something I’d be cautious of. In my CedarFX review, I would recommend considering these cons before deciding to open an account.
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