CedarFX Scam: CFTC RED List Warning, Trustpilot Victim Reviews and Everything Traders Must Know About Cedarfx.com
If you are trading or considering trading with CedarFX or cedarfx.com, stop and read this article first. The United States Commodity Futures Trading Commission has listed CedarFX and cedarfx.com on the official CFTC Registration Deficient List, known as the RED List, as entry 245576. CedarFX is owned and operated by Cedar LLC, a company incorporated in St. Vincent and the Grenadines. The CFTC confirmed that CedarFX solicits US customers while operating without any CFTC registration. Furthermore, BrokerChooser confirmed in December 2025 that CedarFX is not regulated by any top-tier regulatory authority. Multiple verified Trustpilot and Forex Peace Army reviews document accounts being closed immediately after large winning trades, Bitcoin withdrawals stuck on the network for weeks, and final emails telling traders not to contact them again. CedarFX also uses a green trading Eco Account and a tree-planting pledge as a greenwashing tactic to manufacture false trustworthiness while operating without any investor protection. This article explains the CFTC RED List warning, exposes the greenwashing tactic, documents every confirmed victim account, identifies every red flag, and tells you exactly what to do today if CedarFX has taken your money.
What Is CedarFX?
CedarFX operates through the website cedarfx.com. It presents itself as an online forex and CFD broker offering over 180 assets. It offers two account types: a zero-commission account and an Eco Account that claims to plant trees for every lot traded.
However, CedarFX is not a legitimate regulated broker.
The CFTC confirmed this by listing it on the RED List on June 12, 2023, as entry 245576. CedarFX is owned and operated by Cedar LLC, incorporated in St. Vincent and the Grenadines. The CFTC’s review confirmed it solicits US customers while not registered with the CFTC.
BrokerChooser confirmed in December 2025 that CedarFX is not considered a trusted service provider as it is not regulated by any top-tier regulatory authority. CedarFX holds no CFTC registration, no NFA membership, no FCA authorisation, and no ASIC licence. No recognised financial regulator anywhere in the world has authorised this broker to accept or manage investor funds.
The CFTC RED List - What Entry 245576 Confirms
The Registration Deficient List, the RED List, is an official United States federal regulatory database and the CFTC, a federal agency, compiles it after conducting reviews of entities soliciting US investor funds.
CedarFX and cedarfx.com appear on this list as entry 245576, published June 12, 2023.
The CFTC listing confirms three specific facts. First, CedarFX operates outside the United States with no or limited US presence. Second, it is soliciting or accepting funds from US customers. Third, a CFTC review revealed it is acting in a capacity that appears to require registration but is not registered.
This is a formal federal regulatory finding. Every US investor who deposits funds with cedarfx.com does so without any federal regulatory protection. You lose access to NFA arbitration. You lose CFTC enforcement protections. No US government body is legally required to help you recover your funds.
The Greenwashing Tactic - How CedarFX Uses Eco Marketing to Hide Its Risks
One of the most distinctive and deceptive elements of CedarFX is its use of environmental marketing to create the appearance of a responsible, trustworthy firm.
CedarFX brands itself as the world’s first eco-broker. It claims to plant ten trees for every standard lot traded through its Eco Account, in partnership with the environmental NGO Ecologi, it markets itself as a socially responsible company investing in environmental protection, and it has won self-described awards including Best Commission Free Broker and Best Trade Executions.
This environmental branding is a deliberate trust-building strategy. Investors who associate environmental responsibility with ethical business practice are specifically targeted by this positioning. The greenwashing creates an emotional connection that overrides the financial due diligence that would otherwise reveal the absence of any regulatory protection.
However, environmental pledges do not replace regulatory oversight. Planting trees does not mean client funds are segregated. Winning self-awarded broker titles does not mean a company is authorised by a financial regulator. Many investors described CedarFX as a money hole with high risks. Investors can deposit their funds easily, but once inside, it is almost impossible to retrieve them. This is the reality that the eco branding is designed to obscure.
CedarFX’s Eco Account strategy specifically targets a generation of traders who prioritise environmental values. This is deliberate. These investors are less likely to apply standard broker safety checks if they feel an emotional alignment with the brand. Regulatory status, client fund segregation, and withdrawal policies are the only things that matter when assessing a broker. CedarFX fails all three.
CedarFX and Scammer Instagram Pages - A Documented Recruitment Network
One verified Trustpilot reviewer specifically documented that CedarFX works with scammer Instagram pages. The reviewer named Cryptomentor.uk and investing.uk as specific examples. They described these pages as actively deceiving investors through their websites while working in coordination with CedarFX to recruit victims.
This is a critical warning for any investor who discovered CedarFX through an Instagram account, a social media trading influencer, or an online community promoting the broker. The broker’s recruitment network includes documented scam Instagram operations. An investment recommendation that originates from a social media influencer, especially one promoting forex trading results, should be treated with extreme caution regardless of how credible the presenter appears.
The SEC, FTC, and CFTC have all documented that social media is the most common entry point for investment fraud targeting young investors. Discovering CedarFX through an Instagram trading account is itself a warning sign that requires immediate verification of the broker’s regulatory status before any deposit.
Trustpilot and Forex Peace Army Victim Accounts - What Real Traders Documented
CedarFX has 64 reviews on Trustpilot as of early 2026. However, the most critical and detailed accounts document a consistent, alarming pattern. Accounts are built up, large withdrawal requests trigger closures, and final communications tell traders never to contact them again.
One of the most specific documented accounts on Trustpilot confirms the following. A trader was using CedarFX for weeks, building up their account value. When they tried to withdraw after a large winning day, the platform responded saying they were experiencing withdrawal issues. The account was then closed without resolution.
A separate Trustpilot review confirms another withdrawal problem. CedarFX sent a Bitcoin withdrawal with a very low transaction fee on February 26. By March 12, the Bitcoin was still stuck on the blockchain network due to those low fees. When the trader contacted support, they were told CedarFX could not help. The value of the withdrawal dropped significantly during the two weeks it remained unprocessed.
The most serious documented account comes from Forex Peace Army. A trader made large gains and then requested their first withdrawal. CedarFX froze and then closed the account. They told the trader their liquidation partner had identified special latency in the trades that made the gains invalid. The email ended with a direct instruction telling the trader not to contact them again because CedarFX would not reply. This is one of the most documented red flags in the history of this reporting series.
Independent analysis identifies a consistent pattern of five-star reviews followed by detailed one-star complaints about blocked withdrawals at CedarFX. Many high-risk platforms buy fake reviews or offer incentives to users who write positive comments before those users realise they cannot withdraw their funds.
How the CedarFX Scam Works Step by Step
Understanding each stage helps you identify exactly where you currently stand if you have already deposited with cedarfx.com.
Stage One - Discovery Through Eco Marketing or Social Media
You discover CedarFX through an Instagram trading account, a social media advertisement, or organic search. The eco-broker branding and zero-commission accounts appear attractive and trustworthy. The environmental pledge lowers your guard. You feel you are dealing with a responsible, innovative firm.
Stage Two - Account Creation and Initial Deposits
You create an account on cedarfx.com using the MT4 platform. Initial deposits work smoothly. The platform shows competitive spreads and normal trading functionality. Your confidence grows as your account balance increases through trading activity.
Stage Three - Accounts Are Built Over Weeks
You trade for several weeks. Your account value grows. You may make successful trades across forex, crypto, or CFD products. The platform appears functional. Positive early experiences encourage continued use and larger deposits.
Stage Four - A Large Winning Day Triggers the Problem
You achieve a significant profitable trade or series of trades. You request a withdrawal for the first time, or for a larger amount than previously. This withdrawal request is the trigger. The platform suddenly experiences technical issues. Your account may be frozen, suspended, or closed.
Stage Five - They Close Accounts and Block Contacts
CedarFX closes your account and provides an explanation designed to invalidate your gains. In documented cases, it cited a liquidation partner identifying special latency in winning trades. It then instructs traders not to contact them again because they will not respond. Your account balance, your deposited funds, and your profits are all permanently inaccessible.
Red Flags That Confirm CedarFX Is Not Legitimate
Each of the following is a serious warning sign on its own. Together, they confirm beyond doubt that cedarfx.com is a fraudulent or severely high-risk operation.
The CFTC listed CedarFX on the official RED List as entry 245576 on June 12, 2023. This is a formal federal regulatory finding after a CFTC review. No legitimate forex broker soliciting US customers appears on this list unregistered. This is the most important fact in this article.
CedarFX holds no CFTC registration and no NFA membership. You can verify this directly at cftc.gov/check and nfa.futures.org. CedarFX does not appear in either database. Every legitimate forex broker serving US customers must appear in both.
BrokerChooser confirmed in December 2025 that CedarFX is not regulated by any top-tier regulatory authority.This independent expert analysis corroborates the CFTC’s federal regulatory finding. Top-tier regulators include the FCA, ASIC, BaFin, CySEC, and the CFTC. CedarFX holds no licence from any of them.
CedarFX is incorporated in St. Vincent and the Grenadines, which does not regulate forex brokers. This jurisdiction is specifically chosen by offshore brokers to avoid meaningful regulatory accountability. St. Vincent incorporation provides zero investor protections for forex trading.
Accounts are closed immediately after large winning trades. Multiple independent reviewers on Trustpilot and Forex Peace Army document the same pattern. Building a profitable account triggers an account closure, not a successful withdrawal. Gains are invalidated using technical justifications that cannot be independently verified.
Traders are told not to contact CedarFX after account closures. One documented Forex Peace Army case ends with CedarFX telling the trader directly not to contact them because they will not reply. This is not a support failure. It is a deliberate, final communication designed to prevent escalation.
What to Do If You Have Lost Money to CedarFX
If cedarfx.com has taken your money, act on every step below today. Speed matters most for payment recalls, chargebacks, and for providing fresh evidence to federal authorities.
Stop all deposits immediately. Do not deposit any further funds. Do not respond to any communication encouraging you to replenish your account after a closure.
Document every trade and communication now. If CedarFX cited latency or technical reasons to invalidate your gains, save every trade confirmation, account statement, and email. This documentation is evidence of potential trade manipulation for your regulatory complaints.
Save all evidence immediately. Screenshot every email, account screen, withdrawal request, support chat, payment confirmation, and any communication connected to cedarfx.com. Save everything to multiple locations including an offline drive.
Report the fraud immediately by clicking here.
How to Verify Any Forex Broker Before You Deposit
Complete these checks before funding any forex or CFD trading account. Each takes under two minutes.
Check the CFTC RED List. Go to cftc.gov/LearnAndProtect/Resources/Check/redlist.htm and search the broker name. CedarFX appears as entry 245576. Any broker on this list is fake.
Verify CFTC registration directly. Go to cftc.gov/check and search the firm name. Every legitimate CFTC-registered broker appears there. CedarFX does not.
Check NFA membership via BASIC. Go to nfa.futures.org and search the BASIC database. Every NFA member appears. CedarFX does not.
Check the FCA Warning List. Go to fca.org.uk/consumers/warning-list-unauthorised-firms. The FCA specifically identifies unregistered offshore brokers targeting UK investors.
Read Forex Peace Army reviews carefully. Go to forexpeacearmy.com and search the broker. Forex Peace Army holds long-form, detailed trader reviews that often document specific account manipulation events not captured on shorter review platforms.
Read Trustpilot reviews beyond the headline rating. Search specifically for one-star and two-star reviews. At CedarFX, the most important accounts describe accounts being closed after profitable trading and Bitcoin withdrawals left stuck for weeks.
All checks together take approximately fifteen minutes. They provide the strongest investor protection available before committing any funds to a trading platform.
Frequently Asked Questions About CedarFX
Is cedarfx.com a legitimate forex broker?
No. CedarFX is not a legitimate regulated broker for US or most international investors. The CFTC listed it on the RED List as entry 245576. BrokerChooser confirmed in December 2025 that it is not regulated by any top-tier authority. Multiple verified reviewers document account closures and withdrawal blocks after profitable trading.
Is the CedarFX Eco Account and tree-planting programme real?
CedarFX does have a documented partnership with the NGO Ecologi. However, environmental pledges do not replace regulatory oversight or investor protections. The Eco Account branding is used to manufacture emotional trust with investors who might otherwise apply standard regulatory due diligence. No level of environmental commitment compensates for the absence of a top-tier financial licence.
CedarFX closed my account after a winning trade. What should I do?
Document every trade confirmation and support communication immediately. Report to the CFTC at cftc.gov/complaint and the FBI at ic3.gov right now. Include all trade history and the explanation CedarFX provided for the closure. Contact your bank about a chargeback if you paid by card. This account closure pattern is a documented fraud mechanism and not a technical or market-related event.
My Bitcoin withdrawal has been stuck on the blockchain for weeks. What can I do?
Report to the CFTC at cftc.gov/complaint and the FBI at ic3.gov. Contact your exchange’s compliance team with the transaction hash. Document the date of the withdrawal request and all support communications confirming CedarFX sent it with low fees. This is a documented tactic used to delay withdrawals without technically refusing them.
Why does CedarFX have some positive Trustpilot reviews if it is a scam?
Many high-risk platforms accumulate positive reviews before the fraud pattern reveals itself to larger depositors. Independent analysis of CedarFX shows a pattern of five-star reviews followed by detailed one-star complaints about blocked withdrawals. Some reviews may also be artificial. Always read the most recent detailed negative reviews alongside the star rating average.
How to Protect Yourself From Unregulated Offshore Forex Brokers
This guidance addresses the specific tactics used by CedarFX and all similar unregulated offshore forex brokers.
Always verify CFTC registration and NFA membership before depositing with any forex broker. Go to cftc.gov/check and nfa.futures.org. These checks are free, take under two minutes, and are the most important protection available to US investors. CedarFX fails both checks.
Check the CFTC RED List before opening any trading account. Go to cftc.gov/LearnAndProtect/Resources/Check/redlist.htm and search the firm name. CedarFX appears there as entry 245576. Any broker on this list is fake.
Be sceptical of environmental or social responsibility branding from unregulated brokers. Eco branding, carbon pledges, and charity partnerships are frequently used by offshore brokers to build emotional trust that bypasses standard regulatory due diligence. Regulatory status, client fund segregation, and withdrawal policy are the only metrics that protect your money.
Stop immediately if you discovered a broker through a social media trading influencer or Instagram account. CedarFX works with documented scammer Instagram pages. Social media discovery of a forex broker is a significant warning sign that requires independent regulatory verification before any deposit.
Never continue depositing after a withdrawal problem. If a broker delays, blocks, or fails to process your first significant withdrawal, stop all further deposits immediately. A broker that processes small withdrawals but blocks large ones is using the small withdrawal as a trust-building tool before the larger extraction.
Final Warning - Do Not Trade With CedarFX or Cedarfx.com
CedarFX is a scam. The CFTC confirmed this by listing it on the official RED List as entry 245576 on June 12, 2023. BrokerChooser confirmed in December 2025 that it is not regulated by any top-tier authority. Cedar LLC is incorporated in St. Vincent and the Grenadines, a jurisdiction that provides no investor protections for forex trading. Verified Trustpilot and Forex Peace Army accounts document accounts closed after large winning trades, Bitcoin withdrawals stuck on the network for weeks due to deliberately low fees, and final emails instructing traders never to contact them again. CedarFX markets itself as the world’s first eco-broker while operating without any regulatory oversight that would protect your funds.
If you are currently depositing with cedarfx.com, stop immediately. Report to the CFTC at cftc.gov/complaint and the FBI at ic3.gov today. If you have already lost money, act on every step in this article without delay.
Share this article with any forex trader you know, especially anyone who discovered CedarFX through an Instagram trading account. Every share helps someone find this warning before they deposit. Every share makes CedarFX harder to operate.
Report the fraud immediately by clicking here.
