Payout and Refund Rates 95%
Trading and Investment Platform 97%
Asset Indexs 93%
Trading Instruments 97%
Account Creation and Deposits 95%
Profit and Fund Withdrawals 96%
Bonus Funds and Bonus Policy 94%
Customer Service and Support 98%
Tools and Resources 97%
Cedar Finance is a expert brokerage which offers a professionally designed investment platform for the trading of binary options online. Digital options have come to be known as one of the quickest and most effective methods for transforming financial choices into significant earnings. Cedar Finance’s revolutionary platform provides traders with a simple way to trade on a number of major assets which are commonly traded within the conventional marketplace.
Since their 2010 opening, Cedar Finance has managed to build a large customer base by delivering outstanding products and services for binary options trading. This broker maintains two offices in Cyprus and can be contacted there, as well as via many dedicated phone numbers for various countries. Cedar Finance is currently working on obtaining their official license from the Cyprus Securities and Exchange Commission. This broker makes it known that even though they are based out of Cyprus, their bank accounts aren’t.
Cedar Finance is owned and operated by T.B.S.F. Best Strategy Finance Limited which is located at 26, Chytron Street, Office number 21, 1075 Nicosia, Cyprus. This office location can be reach by phoning: +357 220 306 45. For United States, France, Australia, and other International phone numbers, see the “Contact Us” page of the Cedar Finance website.
Payout and Refund Rates
Binary options have become an extremely well-liked financial instrument which offers a number of built in benefits. Among these are high payout rates and earnings. Cedar Finance provides traders with substantial pre-specified payouts ranging from 68% to 81% on each trade which finishes in the money. Cedar Finance also helps traders minimize loss by offering a 5% to 10% refund of the original investment amount whenever a trade finishes out of the money.
Also offered are weekly high-yield trades. These are of the One Touch variety and can pay out as much as a 500% return. The minimum investment amount on these binary options investments is $50. Cedar Finance provides these opportunities on the weekends, which is particularly nice since weekend trading can be limiting at times.
From a financial perspective, trading digital options with Cedar Finance is going to be a straightforward, simple, and rewarding experience. As is usual in binary options trading, profit rates increase with the perceived levels of risk. Even so, traders are never pressured into taking on excessive risk levels and in fact, digital options trading is one of the few investment forms which provide traders with all the tools necessary to control risk.
Trading and Investment Platform
Cedar Finance trading platform is completely web-based, which means that you can trade from anywhere and will never need to download programs or install any options trading software.
There was a time during which speculative trading required an in-depth understanding of various financial markets and the intricate terminology that went along with it, the platform provided by Cedar Finance makes it possible for anyone to trade binary options while reaping the benefits of a simple investment and trading process. The trading platform provides a completely safeguarded and personal investment experience for all.The blending of Cedar Finance’s unparalleled portfolio of underlying assets and innovative platform technology presents quick and precise investing on virtually limitless opportunities. The platform, which was at one point offered only in English is now offered in Dutch, French, and Italian as well.
SpotOption is the driving force behind the Cedar Finance trading platform. Although this name may not be familiar to first-time traders, what it signifies to those in the binary options industry is that the platform is going to be quite advanced, yet extremely user-friendly. A quick and easy registration process will provide you with access to the platform which can be fully explored prior to ever making any investments.
Cedar Finance allows traders to choose from expiry time ranging from as brief as 60 seconds to as long as 30 days. The expiry time options for each available binary options investment are clearly posted within every trade box. The expiry times and financial statistics are imported straight from well-respected financial information source, Reuters.
The trading hours are as follows: Mon – Fri 00:30 – 02:00 GMT & 04:00-06:00 GMT. There may be specific hours to trading each of the available underlying assets. The trading hours associated with each asset can be found within the asset index on the Cedar Finance website. Within this index traders will find 34 Stocks, 15 Currency Pairs, 7 Commodities, and 27 Indices. Not many brokers supply this massive amount of variety and this will indeed work to the advantage of those who trade with Cedar Finance.
Cedar Finance Asset Index
The current list of trade-able underlying assets for binary options investments include:
Binary Options, Options Builder, One Touch, 60 Seconds, and Open Platform are each offered by Cedar Finance. Of these, the basic binary options put or call trade is the industry standard trade and is a perfect option for various market conditions. One Touch trades, which require that an asset price “touch” a target price, are also a popular option among traders. 60 Second trades refer to the expiry time and as the name states, last only one minute.
Options Builder and Open Platform allow traders to access a more customized investment experience. Options Builder, in particular, is beneficial to the binary options trader. The ability to create custom trades using desired parameters can indeed boost profits. Note that this feature is only going to be available during regular trading hours.
Cedar Finance does offer optional investment features. One of these is Double Up. This feature is presented after the contract opens and allows a trader to create a second investment using the exact same parameters as the first. Obviously, this feature should only be used when the open contract seems to be headed towards a profitable outcome. Double Up is available up until the last 10 minutes of the expiry time. There is no fee associated with the use of this feature.
A second extra binary options investment feature offered by Cedar Finance is Rollover. This feature is used as a stop loss of sorts. This feature adds time to an open contract which seems to be headed towards an out of the money position. An extra 30% investment is required in order to utilize Rollover. However, an extra 30% will be earned should the trade finish in the money. The option to Rollover disappears once the expiry time period ticks down to only 10 minute remaining.
Cedar Finance has recently upgraded their trading platform to include Range and Turbo trading options. Range trades (known as Boundary within some platforms) allow you to select an upper and lower price to create a range in which the asset price must remain in order for the trade to finish in the money. Turbo trading works the same as basic binary options trades, but allows you to select from super-fast 60, 120, or 300 second expiry times. Both of these instruments are extremely popular with traders today, so they are certainly a welcomed addition to the platform.
There are minimum investment amounts in place. For 60 Second trades, the minimum investment is only $5. Basic binary options (put or call) trades require $25, and the minimum for One Touch investments is $50. Traders are advised to keep these minimums in mind when making a decision in regard to deposit amounts. Consider bonus funds as well whenever deciding on the initial investment amount, as these can make a huge difference for the first-time binary options trader.
Account Creation and Deposits
The minimum deposit amount required to start trading within the Cedar Finance binary options platform is 200 (EUR, GBP, or USD). This deposit can be submitted using credit or debit cards, MoneyBookers, Western Union, and bank wire transfers. Credit card transactions can only be processed if the name on the card matches the name on the account. Visa, MasterCard, AMEX, Maestro, Visa Electron and Diner’s are all accepted.
For bank wire transfers, a $25 fee will be charged unless the deposit amount is $500 or more. Note that wire transfers can take up to 5 business days to post to the trading account. Those who want to start trading binary options right away may want to choose a different method for their initial financial deposit. Any questions related to the deposit process can be directed to: firstname.lastname@example.org.
There are maximum deposit amounts in place for credit card, MoneyBookers, and Western Union. These range from $5,000 (credit card) to $10,000 (MoneyBookers and Western Union). Bank wire transfer deposits are unlimited. Along with these maximums is a maximum investment amount of $3,000 per transaction.
Profit and Fund Withdrawals
In order to provide an extra layer of financial security, a one-time identify verification process must be completed. Cedar Finance requires traders to submit a copy of their ID, credit card, and utility bill via email or fax prior to submitting their first withdrawal request. Note that this has become a standard procedure within the binary options industry and that this requirement is in place with all reliable brokers.
Funds can be withdrawn using any of the banking methods which are accepted for deposits. The minimum withdrawal amount is 200 of the selected currency. Credit card withdrawals carry no fees. Any and all funds deposited via a credit card must be withdrawn to this exact same credit card. When withdrawing funds via credit card, the withdrawal amount cannot exceed the amount which was invested. This does not mean that you cannot withdraw all of your profits, only that funds in excess of the initial investment amount will need to be withdrawn using a bank wire transfer. Bank wire transfers carry a $25 fee for each request.
Payment processing time is important to binary options traders. Cedar Finance offers an extremely reasonable turnaround time for payments. Payment requests are processed within 1-3 business days. After the request has been approved, there will be a 5-7 day time frame for the withdrawal amount to appear in the designated account. As a general rule, credit card and MoneyBooker payments tend to process faster than bank wire transfers. This is the same regardless of which broker you choose.
Bonus Funds and Bonus Policy
Cedar Finance offers one of the largest “Welcome” bonuses within the industry, up to $5,000. This broker offers bonus funds and credits to not only new clients, but existing clients as well. Broker bonuses are always subject to change, but bonus policies generally do not. Each binary options broker will have a bonus policy in place and this is often the source of misunderstandings.
In order to withdraw bonus funds, a minimum trade volume of 40 must be met for each bonus plus deposit. To put it in simpler terms, you’ll need to be actively trading and investing any bonus funds in order to withdraw them. You’ll need to be trading well enough that you’re able to transform bonus funds into actual profits if you’re ever going to put bonuses funds in your pockets. This is basically the same with any binary options broker in operation today.
Currently, the bonuses offered by Cedar Finance are linked to account tiers. Deposits of $200 to $1,000 will provide a Bronze level account and 30% bonus. Deposits of $1,000 to $5,000 will provide a Silver level account and 50% bonus. Any deposit of $5,000 or more will provide the trader with a Gold level account and 75% bonus. The maximum bonus amount for new clients at this time is $5,000. These amounts are subject to change, so check with Cedar Finance for the latest bonuses.
Customer Service and Support
Even though Cedar Finance supplies an online binary options platform, they do not allow this to be a replacement for personalized assistance. Each trader is provided with a personal account manager who can provide assistance and support via telephone, e-mail and online chat. Personal account managers help acquaint traders with the Cedar Finance platform and will even offer to walk new traders through each step of the trading process. New traders are highly encouraged to take advantage of this service.
Cedar Finance provides critical data related to the markets, guided-tours of their platform, seminars, personal training, live online chat, and dedicated support. Even though technical problems are rare, there is is also a technical assistance staff ready to provide assistance with any tech problems related to the trading platform. Assistance is offered 24 hours a day. However, phone assistance is only offered during regular trading hours.
The Cedar Finance customer service contact numbers are as follows:
United States: +1 347 486 4045
United States: +1 415 906 5206
Cyprus: +357 220 306 45
United Kingdom: +44 560 370 4113
France: +33 533 520 195
Austria: +43 800 802 004
International VOIP: +883 510 001 123 164
General e-mails can be sent to: email@example.com or can be submitted via the contact form which is available on the Cedar Finance website. For faster assistance, traders should consider using phone or live chat options instead.
Tools and Resources
Cedar Finance provides traders with plenty of key tools for learning how to trade binary options, as well as for analysis. In addition to live price charts and graphs, live financial news is also imported into the platform. This is presented in a single box and scrolls though the key stories of the day. Additional marketplace reviews are also provided. This includes: Daily, Weekly, Stocks, Commodities, Currencies, and Indices.
The news feed guarantees that traders are able to access daily news and keep up with current media reports which might impact assets and therefore binary options trade results. The weekly reviews are a combination of relevant news assembled in an easy to read format. The monthly reviews do the same, yet cover an entire month’s worth of key financial stories which could be important to those who trade digital options within the Cedar Finance platform.
In combination with marketplace news and basic education tools, Cedar Finance provides a collection of how-to content that can assist binary options traders with improving their investment skills. Here, traders are likely to uncover helpful methods of performing analysis and various strategies which can be used to increase earnings. Yet again, Cedar Finance illustrates their dedication to clients by supplying them many of the extras needed in order to ensure success.
For first-time traders there is a guide to how to trade binary options, a full glossary, and “How To Trade” quick start guide. Cedar Finance has made a recent addition to their tools by adding in video tutorials. Each of these will help traders get started, but should their be any questions, personal account managers are there to help. Trading digital options is extremely easy, but this doesn’t mean that you should not take the time to master the basics prior to investing any of your actual funds. Fortunately, Cedar Finance is prepared to assist you with this.
Cedar Finance Scam Potential
An online search for binary options scams does yield some results related to Cedar Finance. This could obviously seem concerning at first, at least until additional information is taken into consideration. All brokers experience problems with misunderstandings. These are often related to the terms and conditions. The vast majority of scam claims could be avoided by simply reading and understanding the terms and conditions.
Some confusion has been caused by individuals who have posted online videos claiming that trading with Cedar Finance is a guaranteed method of generating income. What is important to note here is that these videos are in no way directly related to the broker. Cedar Finance makes it well known that binary options trading does carry risk. They even go so far as to post a disclaimer which states: “When trading binary options as with any financial assets, there is a possibility that you may sustain a partial or total loss of your investment funds. As a result, it is expressly advised that you should never invest with, or trade upon, money which you cannot afford. Option trading involves a real risk of loss.”
A binary options scam in its most serious form is going to relate to discrepancies within the trading platform or non-payment of funds. Cedar Finance shows no indications of any problems related to either of these. It’s important to remember that this is not a new broker. Scam brokers typically do not remain in operation very long before being exposed as the crooks they are. Cedar Finance is widely considered a reliable and trustworthy broker choice.
Drawbacks To Cedar Finance
As much as binary options traders are sure to like what Cedar Finance offers, there are a few drawbacks which need to be discussed. The first would be that demo accounts are not offered. With SpotOption, demo account functionality is not out of the question. It would be nice to see Cedar Finance allow future options traders the opportunity to participate in the platform risk-free for at least a few days prior to making a deposit.
Although lack of a demo account is quite common among binary options broker today, the second drawback to trading with Cedar Finance is becoming increasingly rare. This would be lack of a mobile trading app or platform. These are provided specifically for mobile devices such as smartphones and tablets. Cedar Finance has not announced any plans in regard to the addition of special provisions for mobile trading. As of this writing, we are unclear as to whether or not any additions will be made in the future.
Cedar Finance is ranked at or near the top by the vast majority of the top investment platform review websites. This binary options broker has earned their excellent reputation through not only providing an excellent platform, but by remaining committed to helping their clients and meeting their needs.
The cutting edge platform provides a variety of unique features for traders of all skill levels and unlike many of the other brokers in operation today, Cedar Finance is there to help with every step along the way.
Cedar Finance does not focus solely on the binary options trading process, but also on providing traders with everything they need in order to be successful. Cedar Finance has solidified their placement as one of the best binary options broker selections for trading digital options. Whether you’re just getting started, or have the desire to swap to a more expert investment platform, you’ll want to strongly consider partnering with Cedar Finance.