[JagTheHatter]

Ello all, would you guys use CedarFX for day trading?

Don’t know if they are well known and whether I should deposit.

Thanks.

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[Christian Harris]

CedarFX isn’t as well-known or widely regulated as some of the bigger brokers, so I’d be cautious before depositing.

It does offer commission-free trading and claims to have tight spreads, which could be appealing for day trading, but regulation and fund security are key factors to consider.

If you’re looking for a broker for frequent trades, it’s worth checking its execution speed, liquidity, and withdrawal process.

Have you tested its demo account yet?

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[James Barra]

Hi JagTheHatter,

Sorry for the delay in responding to this.

Adding to Christian’s points, CedarFX isn’t tightly regulated – it’s registered with the Financial Services Commission Mauritius – a ‘red tier’ body in DayTrading.com’s Regulation & Trust Rating. This makes it high-risk with potentially limited safeguards for your funds.

Have you considered one of our top brokers for day trading? They excel in the areas that matter the most to active traders following our tests, from tools and fees to regulation and security.

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