Cedar Finance Broker Review

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Cedar Finance

Cedar Finance are no longer trading. For a list of alternative brokers, and full comparison reviews, visit our brokers page.

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Cedar Review – Archive

Cedar are no longer trading.

Regarded as one of the most professional options providers in the industry, Cedar Finance delivers on all fronts. With a strong sense of customer service and quality trading products, they have done much more than exceed trader expectations; they have developed the ideal trading experience.

Bonuses & Promotions

Traders will find that Cedar Finance offers highly competitive bonus offers for deposits and to start trading. Currently traders can receive Cedar Finance’s premiere bonus of $5000 as a Welcome Bonus. Beginning with such a high amount will enable new traders to open several options for a great start in building their newly formed portfolios. In addition, multiple bonuses are offered that range from 30% to 75% beginning with the Bronze Account offering a 30% Bonus up to $999 ($200-$999), Silver a 50% Bonus up to $4,999 ($1,000-$4,999) and Gold, which offers a 75% Bonus up to $9,999 ($5,000-$9,999).

Account Information

Cedar Finance is open to all traders with varying degrees of experience. Anyone can open a Cedar Finance account with the minimum deposit amount of $200. When opening an account traders will choose their preferred currency with a choice of USD, EUR or British Pound (GBP). The minimum trade amount at Cedar Finance is $5 for a 60 second option, $25 for a binary option and $50 for a one touch option. Opening an account is easy and can be done quickly directly on the Cedar Finance website. Currently Cedar Finance is available only in English but with more languages on the way.

Trading Requirements

Traders will find that the Cedar Finance platform is simple and intuitive. The innovative platform enables traders to quickly navigate the website, choose assets and execute trades. Every function is made easy with Cedar Finance’s user-friendly platform. From funding an account or placing a trade, traders can do so quickly and securely. Cedar Finance has made it a goal to provide traders with the most comfortable trading environment possible and uses their advanced technology to ensure traders receive the best service.

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Platform Assets & Markets

No matter your preference, Cedar Finance offers a diverse selection of assets that will surely add value to any trading portfolio. Here are some premium assets to look out for when opening trades, starting with Currencies: Euro/US Dollar, Great British Pound/US Dollar, Euro/Japanese Yen and many more. Some important commodities include: Gold, Oil, Sugar, Silver, Platinum and others. Cedar Finance also offers many premium indices such as: IBEXT, NASDAQ, S&P Future, NIFTY, TELAVIV25, KUWAIT, FTSE, DOW and more. No platform would be complete without a choice of amazing stocks to choose from. At Cedar Finance traders can trade BARCLAYS, IBM, GOLDMAN SACHS, COCA COLA, SBERBANK, REUTERS and plenty more.

For a complete list of available trading assets visit cedarfinance.com

Fitting for a platform with a diversity of traders, Cedar Finance offers multiple investment options. Traders can choose from 60 second options, one touch options as well as a custom option builder. With 60 second options, traders can receive a quicker turnover of trades simultaneously for an exciting fast paced payout. On the other hand, the option builder lets traders choose the details of their trades including the asset as well as the expiry time down to the minute.

Customer Service

Cedar Finance traders are supported with a team of brokers and market professionals. Tech support ensures an efficient, secure and quick trading experience while customer support offers all available market information by way of reviews, news and updates. Every resource is made available to Cedar Finance traders and at any time of day 24/7 traders can reach support through multiple methods of contact including email, live chat and telephone. From real-time stock quotes to assistance in funding an account, customer support is ready to help.

Is Cedar Finance a Scam?

Cedar Finance is a reputed binary options broker that provides excellent opportunities to increase your income. Cedar Finance offers returns as high as 80% on your investments, which is the highest in the industry. Binary options are high-risk investments and as such can lead to high yields as well as heavy losses. It is always best to gain comprehensive understanding of how the system of binary options trading works before you choose an asset for investment. Cedar Finance offers an excellent platform with secure payment gateways and good exposure to a wide spread of assets to choose from and trade with.

Final Word

Cedar Finance offers reliability, professionalism and integrity. Regarded as a leader in customer service due to their emphasis on education, market resource and round the clock support, Cedar Finance comes highly recommended. With equal levels of technological know-how and quality service and excellent payouts, traders receive a premium trading experience. Whether you are a beginner or an experienced trader, Cedar Finance caters to your needs and offers the best possible service.

Cedar Finance Broker Review

This broker is under investigation. Try trading with HighLow instead.

FBO has reasons to believe this broker may not be the best place to trade binary options. These reasons, which include, but are not limited to, bad reviews from our customers about the service, misuse of client’s trust and not paying their partners, made us act preemptively in order to protect customers from possible disappointing experience or even fraud.

Cedar Finance is one of the most popular and trusted brands in the binary options industry. The software is reliable and the support is swift and you are greeted by friendly staff. Our Cedar Finance review includes all information you are looking for.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

Between 74-89 % of retail investor accounts lose money when trading CFDs

Cedar Finance Special features

Cedar Finance is a very respected broker in the binary options industry. Cedar Finance accepts US traders as well as traders from the rest of the world. They recently started to offer 200% signup bonuses to VIP customers. You can open three different accounts at Cedar Finance. The higher deposits you make the more benefits you will reap from their loyalty program. You get a free iPad if you deposit $5000 or more! In order to be eligible for it you need to make trades of a total of $2500 or more.

Account levels

CedarFinance Starter account is best suited for people who want to test the platform. Minimum initial deposit for Starter is 200. Starter account requires 200 to 499 USD/EUR/GBP initial deposit. It packs a 30% bonus in addition to a set of features encompassing breaking financial news, trading e-book, video tutorials and 24/7 support.

CedarFinance Bronze account requires 500 – 999 USD/EUR/GBP deposit. Cedar Finance now offers another special for all the accounts other than STARTER – all the bonuses are increased. In case of the Bronze account, bonus is now 50%, up from 40% before. It is a limited offer, so hurry up. The Bronze account also includes all the features of the Starter, and

  • 3 calls from the personal market analyst,
  • 1 risk free trade,
  • 1 trading strategy,
  • 14 days of trading signals per email and
  • Zoom magazine.

These features make the Bronze account a better fit for beginners, but still not optimal because newcomers get more profiting opportunities trough features such as risk free trades and signals.

CedarFinance Silver account requires a deposit between 1000 and 4999 USD/EUR/GBP. This account type is considered optimal for beginners because it includes more of aforementioned features. Advanced users will also find this package is more than enough for most of their requirements. Bonus is 75%. The account also includes:

  • 5 calls from the personal market analyst,
  • 3 risk free trades,
  • 2 trading strategies,
  • 1 month of emailed trading signals,
  • 14 days of SMS alerts and
  • Expedited withdrawals.

CedarFinance Gold account offers up to 100% bonus on minimum 5000 USD/EUR/GBP deposit. This is the most complete offer that covers all possible trading requirements. In addition to features of the previous account options, it also includes:

  • a weekly training with personal market analyst,
  • 5 risk free trades,
  • Customized trading strategies,
  • 3 month of emailed signals,
  • 1 month of SMS signal alerts,
  • Trading Academy Access and
  • Live NFP analysis.

You can ask your account manager about getting a Platinum account. You need to deposit $10,000 to be eligible.

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Between 74-89 % of retail investor accounts lose money when trading CFDs

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Cedar Finance Trading software

The software used by Cedar Finance is Tradologic as you might not see from some of the biggest binary options brokers in the world. It is very easy to use and it has all the features you need. The maximum trade in short term options is $500 since its a highly volatile option and easier to predict.

The trades you made can easily be monitored on the screen till they expire. You can also easily find your trading log also called portfolio my clicking the my portfolio tab.

The design is soft and slick and you will not lack anything trading with Cedar Finance.

If you want to trade with an award-winning licensed broker, we recommended using IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Cedar Finance Support information

The support service at Cedar Finance is outstanding. You get answers right away and the support staff is very friendly with a personal approach. You will also get a mail from your own account manager in case you need assistance with anything.

The live chat is very handy and can solve your problems on the spot.

You can also request getting a call from a trading analyst to get you started with a higher chance of success.

Cedar Finance Support Phone Numbers

United States +1 347 486 4045
United States +1 415 906 5206
Cyprus +357 220 306 45
UK +44 560 370 4113
France +33 533 520 195
Austria +43 800 802 004
International VOIP +883 510 001 123 164

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Between 74-89 % of retail investor accounts lose money when trading CFDs

Cedar Finance Payment Methods

The banking options at Cedar Finance are vast and superior to many new binary brokers. You can naturally deposit via the standard credit cards and bank wire, but you can also deposit via Moneybookers and a large numbers of electronic transfers specialized to local markets such as Ideal in Holland, Nordea in Scandinavia and many more.

The deposits are instant and you can trade right away. We discovered this when researching for this Cedar Finance review.

You will have to verify your ID, address and credit card if you use that deposit with. This is for your own safety to prevent money laundering and the use of stolen credit cards.

There is no minimum fee. The fee when withdrawing to credit card is $0. The Bank wire costs $25, but only if the amount is lower than $500. That is being charged by the bank so its not Cedar Finance making a profit on this.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

  • FREE $10,000 demo account
  • Award-winning trading platform
  • Licensed and regulated broker
Between 74-89 % of retail investor accounts lose money when trading CFDs

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Cedar Finance (Closed) Review

Cedar Finance (Closed)

Broker Cedar Finance (Closed)
US Traders Accepted
Company Name T.B.S.F. Best Strategy Finance Ltd.
Headquarters Nicosia, Cyprus
Regulation No
Bonus Type Match bonus
Bonus Size 75%
Max Payout 81%
Out-of-Money Reward 10%
Trading Platform SpotOption
Deposit Options Wire transfer, credit/debit cards, CashU
Deposit Currencies Euro, US Dollar, British Pound
Minimum Deposit $200
Minimum Trade $25
Maximum Trade $3,000
Online Since 2008
Trading Instruments Stocks, currencies, indices, commodities
Number of Trading Instruments 83
Binary Option Types Up/Down, Options Builder, One Touch, 60 Seconds
Customer Support Types Phone, live chat, web form, email
Education Offered Glossary, FAQ, how-to pages
Tools Offered Open Platform, Rollover, Double Up, Cancellation, weekly and daily market reviews, expired rates, account management, breaking financial news, trading strategies, online courses, 1 risk free trade.
Commission $25 for wire transfer withdrawals or for wire transfer deposits under $500. Minimum withdrawal amount is $200.
Languages English, German, French, Arabic
Demo Account No

Cedar Finance is now out of business.

Cedar Finance is a well-known binary options broker who has been operating since 2008. The website is owned by T.B.S.F. Best Strategy Finance Ltd. Their headquarters are in Nicosia, Cyprus. In their Terms and Conditions, you’ll find a registration number, HE 279560, which, according to their customer service team, is a CySEC number. This is not a CySEC number however, just a general business registration number. They are apparently also working on becoming regulated with the CFTC in the United States so that they can begin accepting USA traders.

At this time, if you are a US trader, you cannot trade with Cedar Finance. And regardless of your location, right now we wouldn’t recommend that you do. They set off a lot of red flags for us, even before we started checking them out. Anyone who has ever queried “binary options” in any search engine has doubtless seen videos posted by their affiliates. While the broker isn’t theoretically responsible for the affiliates’ videos, we still find it very dubious they would permit the kinds of scammy videos we’ve seen to be associated with their companies. Most Cedar Finance trading videos prey on desperation and appeal to irresponsibility. Regulated or not, this company is not trustworthy.

Registering on Cedar Finance

Were you so inclined, you could register on Cedar Finance in a matter of minutes and deposit in Euros, US Dollars, or British Pounds using wire transfer, credit card, or CashU. There are fees for wire transfer deposits under $500 and also for wire transfer withdrawals. The minimum deposit to trade is $200. Incidentally this is also the minimum withdrawal amount. Not only is this a very high minimum, but the fact that it is equivalent to the minimum deposit amount is not good. If you deposited the minimum and lost your first trade, you wouldn’t be able to pull out any money until you managed to get back above $200.

There are three account tiers, Bronze, Silver, and Gold. Match bonuses start at 30% and run up to 75%. The most basic account comes with daily and weekly market reviews, breaking financial news, and a monthly call or chat from an account manager. More benefits are included at the higher levels.

Trading on Cedar Finance

We can’t complain about the trade features themselves. There are 83 assets to trade, though the list is completely disorganized, with currencies, stocks, commodities, and indices being strewn about in every section. Types of binary options include Up/Down, Options Builder, One Touch, and 60 Seconds. 60 Seconds trades start at $5, and the minimum for all other trade types is a manageable $25. The maximum trade size is $3,000. SpotOption powers the trading software, making it familiar and accessible, though you cannot currently use your mobile device to trade.

There are some trading tools available, including double up, rollover, and cancellation. Cancellation is not to be confused with “early close.” If you try to use the cancellation feature to assist with trading, the company will actually consider you to be “abusing” the system, and will shut down your account.

Resources

Resources are another area where the site seems to do all right. You’ll find weekly and daily market reviews, financial news, expired rates, a glossary, FAQ, and how-to pages. If you open a Silver or Gold account, you’ll also receive trading strategies and online courses, as well as one risk-free trade. Note that there is no demo account for Cedar Finance. That one risk-free trade is all you get to test out their features.

Customer Service and Reputation

Customer service can be reached via live chat, telephone, web form, or email. Interestingly enough, we actually got a hold of someone on live chat immediately when we had some questions to ask. Normally we would consider this outstanding, being as there literally only seem to be a handful of binary options websites where you can reach any live person on chat at all, even during the week.

But the actual chat experience was dismaying. When we asked about the registration number we found listed in the Terms and Conditions, we got a runaround in broken English about which authority supposedly regulates the company. Indeed, at first, the agent tried to convince us that the company was regulated in the U.S. by the CFTC, directly after telling us it was a Cyprus registration! Naturally we looked in the NFA Search, which includes CFTC regulatory information for companies, and were unable to find Cedar Finance or T.B.S.F. Best Strategy Finance Ltd. After the agent told us three times that we just needed to “check the list,” he gave up and told us that the company is “working” on CFTC regulation so they can offer U.S. trading. When we asked again what agency provided their license number, we were just told “We are in Cyprus.” Finally, we asked if it was CySEC, and the agent agreed.

Unfortunately we accidentally closed out of our chat window without saving our log, but you can read a very similar log here. The tone of the conversation and the runaround that the would-be customer encountered were very similar to the one that we endured during our live chat experience.

Conclusion

If you were going off of features alone, there would be no reason not to consider Cedar Finance, but there are so many red flags concerning customer service, regulation information, withdrawal minimums, and other aspects of site operation that running the other way is a much better idea.

The first impression we had of Cedar Finance came from the many scammy affiliate videos which are posted online, urging potential investors to quit their day jobs and invest all their money in binary options for instant success. There is nothing wrong with gambling if you do it responsibly, but the whole reputation surrounding this company is very shady, not responsible. That initial impression survived our closer look at Cedar Finance’s website and our discussion with their customer service agent. There are much better and more legitimate binary options brokers out there, so check out some of the rest of our reviews to find one.

Cedar Finance (Closed) , 3.3 out of 10 based on 4 ratings

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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