By Paul Davies

Cedar Finance Review

Company

Cedar Finance has been part of the trading world since 2010. They are registered in Nicosia, Cyprus like most binary options brokers. Cedar Finance has a very reliable and easy to use platform and is a well-known broker in the financial domain. They have outstanding customer support which is available 24/7 in more than 12 languages via web-chat, email, Skype and telephone. Although their website is only available in English.

Trading Accounts

Cedar Finance offers three different types of accounts, Bronze, Silver, and Gold. Each account is tailored for different traders; obviously Gold packages have more trader perks than the bronze package. The higher packages offer larger welcome bonuses and more of a return on certain traders. All accounts can return a 81% in regular trades. Returns are available (15%) if you’re ‘out of the money’.

Cedar Finances have an impressive Asset Index that offers a large variety of assets in the form of stocks, currencies, commodities and Indices. Cedar Finance boast a total of 83 assets, click HERE to see the breakdown.

Opening An Account

In Cedar Finance the minimum deposit amount is 200 in the currency your account is setup in - USD, EUR, GBP. This will allow users to open a Bronze account and offer a 30% welcome bonus. $1000 + will allow users to open a Silver account (50% welcome bonus) and $5000 + will open a Gold account (75% welcome bonus).

Withdraw Process

You can withdraw money from your account by Wire Transfer or Credit Card. Cedar Finance’s withdrawal process is extremely efficient and we have never encountered any problems, unlike other brokers.

There is $0 free to withdraw via your Credit/Debit Card, although there is a fee of 25 (of your account’s currency) for Wire Transfer. The minimum withdrawal amount is 200.

Deposit Limits

There are no limits on how much you can deposit into your trading account but there are sometimes limitations on the each payment method.

Wire Transfer – unlimited

    Credit / Debit Card - $5000 limit

Western Union - $10,000 limit


All major payment methods are accepted: Credit/ Debit Cards, CashU and regular Wire Transfer.

Trading Platform

Cedar Finance uses SpotOption to power their platform. SpotOption supplies the most professional and user-friendly Binary Options platform on the market and its graphs are always accurate and on time. Its other clients include TradeRush, Banc De Binary and TraderXP.


Cedar Finance’s broker platform has been designed with a professional finish to score highly in reliability, usability, and speed. Their trading options include Binary Options, Options Builder, One Touch, 60 Seconds, and Open Platform. Traders can easily and quickly click between each tab to choose what they want to trade. There are multiple options to help traders make their decision, for example Trader’s Choice and users can hover over graphs to see the past rate and what time it was at this rate. Each trade can be completed in just a few easy steps.


Cedar Finance offers you a web-based platform which means there is no need to download any software that could be harmful to your PC or MAC. Although their platform is only available to trade through their web-based platform and there is no sign of a smartphone app as of yet.









Cedar Finance Trading Tools & Types

Cedar Finance allows you to choose the asset you wishing to trade, its expiry time, the profit as well the return, and of course the amount you wish to place in this trade.

The only options available are the basic Call/ Put trade (aka Up/ Down), which is available in the Options Builder, One Touch and the popular 60 Seconds trade. These basic trades meet the requirements of most binary options traders. The only noteworthy type that is missing is the boundary trade.

Extra trade features are offered in the form of Double Up and Rollover. Rollover allows the trader to add time to the expiry time. Traders use this feature when they believe their trade will end out of the money. A 30% fee is added to the investment amount when using Rollover. However, should the trade end ‘in the money’, a 30% higher return will be paid out. Double Up can be used to duplicate an investment which seems to be headed towards ending in the money.



Cedar Finance doesn’t offer much in the way of tools, but it offers the basics. This includes an 18 page step-by-step guide so you can start trading (free trading eBook is sent to you as part of a welcome package). Although a simplistic approach, Cedar Finance offers a clean trading platform without all the added bells and whistles. Cedar Finance does not offer demo accounts, which could be a problem for some. However, the trading platform can be examined without making a deposit.














Is Cedar Finance a Scam?

In short, no. Cedar Finance is legit and it’s NOT a scam. Why do so many people claim that Cedar Finance is a scam? This is because it gained a lot of attention very quickly and bloggers jumped on the band wagon to claim that this method to “make money online” was a scam. This is because they would create posts and/or videos labelled “Cedar Finance Scam” or “Don’t sign up to Cedar Finance until you read this”. These tactics are used to increase click-throughs and generate more traffic to their website or blog, often these articles will praise and claim that Cedar Finance is not a scam.


Pros

The range of tradable options types (Up/Down and One Touch) in particular the fast 60 second option expiries.

Excellent customer support and withdrawal process.

Some of the highest returns on the internet, up to 81%

Easy to use and reliable online trading platform

Wide range of assets; Indices, Commodities, Currencies, and Stocks


Cons

Support is only offered in English at present which may prove a barrier for some traders

Offers a simplistic approach

No smartphone trading


Final Word

Cedar Finance earns five stars from Binary Options Traders, they offer a decent range of assets and their customer support is excellent. They have a very user friendly website with a professional feel, to accommodate for all traders. Their service and trading platform has been rated 5/5 by Yahoo Finance and they are cementing their position as the world’s most dynamically growing company for trading Binary Options. So if you’re just starting out or want to switch to more of a professional platform then click on the link below to sign up to Cedar Finance.

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Cedar Finance Review

Cedar Finance Review - Best Binary Options Broker Comparison

Anyoption were relative early comers to the Binary Options market. They launched in February 2009.

Banc De Binary on first glance seems to be one of the more professional companies.

TradeRush has quickly established itself with its premium offerings.

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Paul Davies has been working in the financial industry for almost 20 years now and has been trading binary options since 2008. Paul’s board knowledge of finance has assured him of success throughout his career. Because of his reputation and knowledge of multiple binary options brokers, he was the best person to contact when asking for a detailed review of Cedar Finance.

Paul Davies
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Ikkotrader was one of the pioneers in the Binary Options market, launching in 2004.