Cedar Finance Review
Cedar Finance has been a part of the trading world since 2010. They are registered in Nicosia, Cyprus, as are most brokers nowadays. Cedar Finance, which is supplied by Spot Option, is known in the financial world for being a reliable and flexible online binary options trading platform. Additionally, they are well known for their outstanding 24/7 customer support, available in more than 12 languages via email, chat, Skype and telephone. Though it is not clear why their website is limited, by providing only an English site, not offering any other language options to choose from.
The site itself does not offer any further information as to what trading account types are available, nor what actual benefits you may receive by investing with them. The sole benefit that is mentioned is that your return in profit may go up as high as 81% in regular trades, plus once a week, by use of the OneTouch method, up to 500% return in profit. If you should be Out of the Money you will receive a 15% return on loss. This supports the point that their customer support must have an outstanding high level of professionalism, as potential customers will undoubtedly have many questions before they begin investing their money. Cedar Finances’ Asset Index is quite rich and offers a vast variety of assets to their customers, no matter if those are interested in dealing with forex, commodities, stocks or indices.
For Cedar Finance, the minimum deposit required to allow one to open a real time trading account is 200, depending on the currency chosen for the activation (USD, EUR, and GBP.)
Withdrawal requests, for the most part, carry on without any extra fees. This is the case for Credit Cards; however Wire Transfers may take a $25 fee into consideration.
When utilizing CashU, there are no additional fees involved and when the withdrawal is processed, the funds can only be issued to the same CashU card.
- A Credit/Debit Card is given a limit of up to $5000 per charge.
- A Wire Transfer has no limit.
- Western Union allows up to $10,000 per transaction.
In a case where you want to deposit via Wire Transfer, your initial deposit needs to be a minimum of $500, if you do not want to be charged a $25 fee.
All major payment methods are accepted: Credit and Debit Cards, CashU and standard Wire Transfer.
Trading Tools provided by Cedar Finance seem to be the equivalent to most brokers offering High/Low, as well as OneTouch and Option Builder.
Option Builder is a tool that allows you to create your own personalized trade, where you choose the asset you want to trade, the expiry time, the profit, as well as the return in the case of it ending Out of the Money and lastly, the sum you wish to place on this trade. This type of trade has far more risks associated than trades that have pre-set data. Plus you may lose quite a bit of time creating your own trade, while it might be the precise moment to be entering the market and others are already making profits!
The Cedar Finance offered expiry times vary between 60 seconds, up until end-of-day trades.
Although this broker offers you a web based platform, meaning there is no need to download software that might cause harm to your pc and is even compatible with Mac Users, their lack of mobile trading is far behind.
Is Cedar Finance a Scam?
To summarize, for those questioning whether Cedar Finance is a scam? We have concluded that CedarFinance does have a strong presence in today’s Binary Option Market; nonetheless their longevity is still yet to be determined. Cedar Finance does offerss a large amount of assets, far more than other brokers, plus they provide a very high quality of customer support, mainly due to the lack of information provided on their site. People feel secure and trust in their trading platform, so if you should be familiar with this trading platform, go for it! You will enjoy your trade.
Read More About Cedar Finance
- Why Should You Join Cedar Finance?
- Is Cedar Finance for Beginners and Advanced Traders?
- Guide to Cedar Finance Withdrawal Process
- Cedar Finance Minimum Trade For People Who Want More