CedarFX is tackling the ongoing climate crisis head-on by going straight to the root of the problem, quite literally. The online forex broker has made remarkable strides in combating the change by teaming up with leading UK based social enterprise Ecologi to help fund the world’s best climate crisis solution, planting trees. It is a well-known fact that forest restoration is one of the most cost-effective climate mitigation tools. Trees counteract carbon emissions by absorbing the excessive C02 in the air, which is responsible for driving global heating and releasing oxygen.
How It Works
CedarFX traders have the choice between a 0% Commission Account or an Eco Account. With a 0% Commission Account users can use their entire deposit to open positions. Additionally, they will benefit from CedarFX low spreads, reducing trading costs across all 170 + tradable assets available on their platform.
With an Eco Account, traders will be able to join CedarFX’s mission by contributing to a more sustainable future. Users of this account will be charged a $1 commission fee, enough to plant 5 trees, which the online broker will match. This means that for every lot traded, CedarFX can plant a total of 10 trees. At the end of each month, 100% of these funds are sent to Ecologi to go towards planting trees and supporting carbon reduction projects across the globe.
CedarFX’s Current Impact
Since launching it’s Eco Account, CedarFX has had a direct impact in reducing atmospheric C02 levels by planting numerous trees across three major projects, mangrove planting in Madagascar, reforesting in Changalne, Mozambique, and planting responsibly in Bosawas, Nicaragua. Apart from planting trees, CedarFX has aided Ecologi in its carbon emissions initiative by supporting a range of Gold Standard certified Carbon Reduction projects aimed at investing in projects to reduce the number of greenhouse gases in the earth’s atmosphere. To date, the online broker has successfully offset 1.83 tones of C02 through the Qinder Energy in Andhra Pradesh, India project and by contributing to preserving the prime Brazilian rainforest.
CedarFX is offering its clients the opportunity to form part of the global conversation surrounding climate change. Join their mission to stop the ongoing crisis by signing up for their Eco Account today!