Cedar Finance Review

Cedar Finance
Cedar Finance is CLOSED.
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Overview

Last review update: 17th November 2015 IMPORTANT NOTICE: CEDAR FINANCE is CLOSED and it’s no longer in business. We recommend to check our Top 10 binary options brokers. Cedar Finance… more

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Details

BrokerCedar Finance
Website URLwww.cedarfinance.com
Founded2011
HeadquartersCyprus
Support TypesChat , E-mail , Phone (US +1 347 486 4045 )
LanguagesEnglish , French , German , Italian , Russian , Japanese , Arabic
Trading PlatformTradologic
Minimum 1st Deposit$200
Minimum Account Size$200
Minimum Trade Amount$5
Maximum Trade Amount$3,000
BonusCedar Finance is CLOSED.
Max. Payout68-81%
Free Demo Account No
RegulationCyprus Securities Exchange Commission (CySEC)
Deposit MethodsCredit Cards ( VISA, Mastercard,..) , Wire Transfer , Moneybookers , Neteller
Number of Assets150
Types of AssetsCurrencies , Commodites , Indices , Stocks
Option TypesBinary Options , Turbo , One Touch , Touch , Range
US Traders Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score1

Pros

  • Huge 100% Welcome Bonus ( Up to $10,000 )
  • $200 only Minimum Deposit
  • Easy to Use Platform
  • Free eBook
  • $5 Mininum Trade

Cons

  • Not Demo account
  • Withdrawal and platform issues
  • Bad customer service

Full Review

Last review update: 17th November 2015

IMPORTANT NOTICE: CEDAR FINANCE is CLOSED and it’s no longer in business.

We recommend to check our Top 10 binary options brokers.

Cedar Finance was founded in 2011, it is a binary options trading company that has been going for a while and building up a bad reputation among traders .

They offer free tools which you can use such as:

• Daily market reviews
• Weekly market reviews
• Money management training
• Professiona trading analysis

Unfortunately this company use spam techniques with thousands of fake video reviews published on youtube channels.

 Trading Platform & Mobile

The platform that they use is provided by Tradologic. They offer 5 trades which are all of different types:

Turbo which is great for the beginner, you can make a trade in 15s, 30s, 45s or 60 seconds and in three easy steps
Digital Options, this trade is the binary options trade which is basic
Touch allows you to trade when the markets are closed. The investor need to make the decision if the price of an asset will reach a predetermined target before the expiration time.
Range, similar to Touch, you need predict a price range instead of a specific price.
One Touch offer the highest return ( up to 160% ) on a single investment.

For mobile trading, they provide android and iOS apps for free.

Website Usability

CedarFinance website is pretty easy to use, you will enjoy using it due to all the different graphics that keep the traders interested. If you are broker and you have been visited lots of trading site then you will be found our website very useful and genial. With seamless graphics the site is very easy to navigate around too.

Type of Accounts

They offer 4 different type of accounts depending on trader investment: 1) Starter ( $200-499 ) 2) Bronze ( $500-999 ) 3)Silver (  $1,000-4,999 ) and 4) Gold ( $5,000-10,000 )

They haven’t demo accounts.

Assets and Expiry Time

Cedar Finance has over 150 assets for traders to choose from including:

• Over 100 companies with stocks to trade ( Google,Microsoft, Citigroup, Coca Cola,.)
• Currencies include: GBP/EUR, USD/JPY, GBP/CAD, USD/RUB etc.
• The commodities that have to offer are: Coffee, Gold, Oil, Platinum etc.
• Indicies they have available: Dow Jones, FSTE, CAC 40, NASDAQ etc.

The expiry time on the assets is in GMT and sessions for trading close at 21:00 on a Friday.

Deposit & Withdrawal options

At Cedar Finance, you don’t need to worry about depositing amounts of money into your trading account; the security that is used is very secure. To deposit money is so simple with the different options that are available, for example:

  • Credit Cards.
  • Wire Transfer
  • Moneybookers
  • Neteller

Although they promise withdrawals within 3-5 days, the truth is that many traders have reported us a lot of payment problems.

Minimum Deposit & Bonus Plan

Their minimum deposit is only USD $200 for their “Starter Account”. CedarFinance is giving away up to 100% Welcome Bonus  ( US $10,000 ) to traders.

Payout

CedarFinance.com advertise great returns on their website and videos (  up to 81%  ), however you will have very few chances to make money online with them unfortunately.

Customer Service

CedarFinance provide a poor customer service, because they are unreachable many times.

There are many ways in which to contact them for example:

• Live Chat
• Phone Calls ( US +1 347 486 4045 )
• Email

Accept US Traders

Absolutely. CedarFinance accept customers from USA.

Cedar Finance Review – Summary

CedarFinance have gained a poor reputation in the binary industry over the years . You will find that they are often unreachable to get help on any question that you may need answering. There are many complaints from customers about withdrawal problems and platform issues, so we don’t recommend you open an account with CedarFinance.

Overall Rating: 2

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UsBinaryOptions.com
Average rating:  
 1 reviews
by Erick M. on UsBinaryOptions.com
Bad Broker
Cons: Withdrawal issues

I don't recomment trade with this broker. Bad customer service and I had some withdrawal issues with them.

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