Cedar Finance Ratings
Cedar finance was founded on 2011. They currently operate under Cyprus jurisdiction in Europe. Nevertheless, they can accept traders from all around the world including USA . This is a real advantage over most European based brokers. They also differs themselves from the competitors by using Tradologic trading platform instead of more commonly used SpotOption platform. Cedar Finance also offer great bonuses for loyal customers, very low minimum $5 dollar single trade limit and reasonably good payout %.
Cedar Finance In a Nutshell
- Broker: Cedar Finance
- Platform: Tradologic
- Founded: 2011
- Bonus: Up to 75%
- Return/Refund: 65-75% / 0-10%
- Number of Assets: Less than 100
- Regulated: No
- Demo Account: Yes
- Mobile Trading: Yes
- Minimun Deposit: $200
- Us Traders: Accepted
Special Features and Bonuses
Tradologic trading platform is fresh change from the SpotOption platform which is clearly most popular binary option trading platform there is today. There are some additional features, which makes this platform very compelling.
Cedar Finance offers great bonuses and gifts for loyal traders. For example, they give investor alert bonus for those who makes a deposit within 72 hours after opening an account. To be able to get the 200% bonus, deposit amount must be at least $501 or 501 € and you have to mention bonus code MMMx3 to customer support. The 100% bonus will require $251 to $500 and bonus code MMMx2. The smallest 50% bonus will be given to those who will deposit between 200-250 USD/EUR and use bonus code MMM50. Minimum deposit amount is 200 USD/EUR.
Their slogan is “money makes money, the more you invest the more you pull down”. This is quite true, starting with a larger deposit you will get a bigger bonus, and in this way you get the chance to invest larger amounts of money, and make more profit. Therefore you should always take advantage of great bonus offers like this.
One thing where Cedars Finance stands out from competitors is the possibility to trade Bitcoin and Litecoin crypto currencies. This is done in the same way as the standard forex trading, with currency pairs (for example USD/Bitcoin).
If you are interested in forex trading, I recommend trying binary option robot. It is a fully automated trading software, which you now get completely free of charge through us by clicking the button below.
Cedar Finance have translated their site in English, Dutch and Russian. Customer service in addition to several other languages. In particular the European languages are well represented.
Cedar Finance accept customers from anywhere in the world, no restricted nationalities. This is a good news especially for US investors, whose opportunities are currently limited in many places. Transparency also increases the trust for the company. All customers are treated equally, whether they are from Europe or from somewhere else.
Cedar Finance accepts all most common credit cards such as Visa Master Card, Diners Club and more. Deposits are immediate and withdrawals take from 3 to 10 business days depending on the method. Wire transfer deposits takes up to 5 days to show in the trading account and 3-10 business days for withdrawals to show in bank account.
E-wallet such as neteller is a good option if you want transfer money immediately. Supported currencies are for every method are EUR/USD/GBP and minimum deposit is 200 of chosen currency. You should choose your currency carefully, because it cannot be changed later on.
Tradologic platform differs from SpotOption a little but the main features are pretty much the same. Cedar Finance offers several expiration times depending on the option type. Most typical ones are ranging from 60 second to 300 seconds in the short investments and couple of hours to end of the day in the other investments. Longer expiration possibilities are also available. Those are ranging from a week to several months. Overall expiration times are quite flexible.
Binary options selection is quite wide. Cedar Finance offers regular up/down options, One Touch, Range and Turbos. If you are not familiar with all the option types, don’t worry. You can find more information from our binary option trading article. All the different terms are also opened up in the Cedar Finance website.
Tradologic platform make also possible for trader to reduce losses with early close option. You get certain percentage of your initial investment back when you use this option. It is especially useful, when you see that trend is not going to the direction that you predicted. This way you only a fraction of what you would have without early close feature.
The opposite of early close is “Extend” feature that will give trader chance to delay the expiration time and gives more time to the binary option to be profitable. This should be used when the option will most likely be profitable by rising or falling (depending on your initial prediction), but it needs a little bit more time than originally was planed.
One touch is an option type where trader has to predict if the asset price will reach the pre-determined level. One touch gives high payouts for even up to 160% when predicted correctly
Range option also offer possibility for better profits than regular up/down options. When trading range options, trader decides whether or not the price of the asset will end up in certain range within the expiration time.
Turbo options gives trader a change to make fast trading and fast profits. In Turbo options, expiration times are really short, from 15 seconds to 300 seconds per single trade.
Cedar Finance also offers great mobile trading platform. You are able to set and follow trades whenever you want, wherever you want. Mobile application is very easy to use and works great also when network signal is slightly weaker.
Easiest way of getting the mobile app into use is to create an account to Cedar Finace through our links and then getting the actual app from Google Play Store or Apples App Store .Mobile app is quite the same as the full browser version and it has the same features in it. If wanted, all the trading can actually be made with the mobile version. Your phone will probably be always with you so it is easy to check how the markets are developing and if profitable situation arises, make an investment. This is for sure my recommendation, you should not miss any good opportunities to make money.
Cedar Finance will offer usually about 65-75% payout. You can also get refunds, if you your investment does not go well, refund percentage is usually 0-10%. As those two factors combined, payout is, in compared to other operators, quite competitive.
What to trade
Cedar Finance has in total roughly 200 different trading assets in their selection. The index selction includes all the most commonly traded indices for example the Abu Dhabi General, Bovespa,Tel Aviv, Topix500 and global indices S&P 500and NIKKEI 225 etc. There are a lot of indices from Asia and Middle-East and even from Africa.
In the stock listing there all almost all industries represented from phones to cars and credit services to footwear manufacturer. Trader should easily find the ones that he has unique knowledge and experience. In total, roughly 150 stocks are in the asset listing. For example Coca-Cola, Alibaba and Google are represented.
Cedar Finance offers about 30 currency pairs to trade with and as mentioned at the beginning special currency pairs such as Bitcoin/USD and Litecoin/USD are also available.
Cedar Finance has wide range of video courses available for traders who are actively looking to develop their own competencies. They emphasize that to be a professional trader, education and knowledge is the key for success. Everyone has some good luck sometimes but it probably will run out sooner or later. But knowledge is something that cannot run out or be taken away.
There are several video courses available about topics related to binary options, trading in general, economics behind the trends and cause and effect in the economical system.In the trading academy there are in total five courses that deal with different topics. These are available if you deposit at least a certain amount to your trading account.
The introduction lesson is about how to become a successful trader and and about binary options in general.
Lesson 2 is about the psychology in the trading and how to control your own mind.
Lesson 3 is about financial management, single trades and risk management overall.
Lesson 4 is about market analysis, it covers pretty much everything related to market analysis and the different forms of it.
Lesson 5 is about the trading platform and how to use it as effectively as possible and how to maximize your profits and minimize your losses.There is also some webinars available for traders to check the latest market news and trends.
Customer service is very helpful and quick. If you need any assistance, the live-chat is the easiest way to ask questions you have in your mind. The telephone support will also help in many different languages and if something bigger will occur, you can always contact your account manager and get personal answer from him via email.
Is Cedar Finance scam?
Cedar Finance is definitely not a scam. It is actually one of the best brokers available to US investors, which does not have as many options as Europeans. Cedar Finance has good and clean reputation, it has been able to avoid from all the negative publicity and I strongly believe that this will continue in the future.
Cedar Finance has succeeded well in every aspect which are important to an investment company. Tradologic trading platform works great even for professional traders. Maximum investment limit $2000 is somewhat low limit but it will be sufficient for most traders for sure.
As an overall rating, we will give Cedar Finance 4,5 stars out of 5.
Written by Michael Allen
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