BrokersView has reviewed that CedarFX is an unregulated forex broker. BrokersView found CedarFX is currently not regulated or not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

The US CFTC adds CedarFX to its RED List On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) added Cedar to its RED List for illegally operations: https://www.cftc.gov/PressRoom/PressReleases/8716-23.

My client manager hasn't answered me for several days. Scam??? CedarFX is an unregulated broker even though it states offers that look too good to be true.CedarFX presents zero details on its regulatory status, which is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position.Regarding your question, the client manager being unresponsive for several days is usually a sign of dishonest brokers. Letting an unlicensed broker hold and control investors' funds and trading with them is very risky, as there are no safeguards in place to protect inverstors from fraud or theft. We would recommend staying away from unlicensed brokers like CedarFX and trading with fully regulated brokers. View Source